Kurv Silver Enhanced Income ETF
Data updated: 2026-09-28
C000260531 — Kurv Silver Enhanced Income ETF. United States Value Materials Equity · $106.94M AUM. Holdings, fees, performance and SEC filings.
C000260531 Fund Overview
Kurv Silver Enhanced Income ETF is a US ETF managed by Kurv ETF Trust, categorised as United States Value Materials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Kurv ETF Trust
- Category: United States Value Materials Equity
- Assets under management: $106.94M
- SEC CIK: 0001782952
- SEC series ID: S000092500
- Share class ID: C000260531
C000260531 Investment Objective and Strategy
Kurv Silver Enhanced Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Kurv ETF Trust.
Investment objective
The Kurv Silver Enhanced Income ETF (the Silver Fund) seeks to maximize total return.
Principal investment strategy
The Silver Fund seeks to exceed the price return of physical silver by primarily investing under normal circumstances in derivative instruments on silver and physical silver-related exchange traded products (ETPs), including physical silver-related exchange traded funds (ETFs) and silver related exchange traded notes (ETNs), backed by a portfolio of Fixed Income Instruments of varying maturities, which may be represented by options and forwards, as well as Preferred Securities Instruments. The Fund may also invest in silver related ETFs directly as well as in physical silver and derivative instruments on silver. Physical silver-related ETFs are those that invest primarily in physical silver and/or over-the-counter or exchange-traded derivatives on physical silver such as forward contracts, futures contracts, and options contracts or swap contracts.
Silver related ETNs are those with interest and/or principal payments linked to the price of silver. Derivatives are primarily used as substitutes for silver because they are expected to produce returns that are substantially similar to those of silver. Derivatives used by the Fund are expected to produce a significant portion of the Funds returns. The Fund does not invest more than 25% of Fund assets in over-the-counter derivative contracts with any one counterparty. ETFs and ETNs may employ leverage, which magnifies the changes in the underlying silver index or silver price upon which they are based. silver-related ETPs generally are not registered under the Investment Company Act of 1940, as amended, and, generally, are not actively managed. Fixed Income Instruments include bonds, debt securities, and other similar instruments issued by various U.S.
and non-U.S. public- or private-sector entities as well as ETPs on such instruments and options on such ETPs. Preferred Securities Instruments consist of preferred securities of U.S. companies and ETPs primarily investing in preferred securities. The Silver Fund may invest in U.S. and non-U.S. Fixed Income Instruments of any maturity or duration. The Silver Fund normally uses option contracts on physical silver-related ETPs, including FLEX options, to gain exposure to physical silver. The value of option contracts on physical silver-related ETPs as well as physical silver-related ETPs should closely track changes in physical silver prices. The Silver Fund may gain long exposure via purchasing shares of physical silver-related ETPs or creating a synthetic long position. To achieve a synthetic long exposure, the Silver Fund buys call options of a physical silver-related ETP and, simultaneously, sells put options of the ETP with the same expiries and strike prices to try to replicate the price movements of the underlying ETP.
The combination of the long call options and sold put options seek to provide the Silver Fund with investment exposure to the physical silver-related ETP for the duration of the application option exposure. The notional exposure to an underlying physical silver-related ETP when the Silver Fund buys put and call options directly will not exceed 200% of net asset value. Under normal circumstances, the Silver Fund invests at least 80% of its net assets plus any borrowings for investment purposes in securities of physical silver or the securities of physical silver-related ETPs or derivatives on silver or physical silver-related ETPs. The Silver Fund will consider the investments of the underlying ETPs in which it invests when determining compliance with its 80% policy. Additionally, for the purposes of complying with its 80% investment policy, the Silver Fund will use the notional value of the derivatives it holds.
The Silver Fund may invest, without limitation, in derivative instruments, such as options, including FLEX options, forward and futures contracts, options on futures, or swap agreements, subject to applicable law and any other restrictions described in the Silver Funds prospectus or Statement of Additional Information. As part of its strategy, the Silver Fund may employ various option strategies to generate income and/or to preserve capital. Example of strategies are: Covered Call Writing As part of its strategy, the Silver Fund may write (sell) call option contracts on silver and physical silver-related ETPs to generate income. If the Silver Fund gains long exposure synthetically, since the Silver Fund does not directly own shares of the ETP, these written call options will be sold short (i.e., selling a position it does not currently own).
Any amount of covered call writing above the physical and synthetic long positions will be considered uncovered. The Adviser may engage in uncovered calls rather than covered calls when it believes there might be a mispricing of volatility in the market. It is important to note that the sale of an ETPs call option contracts will limit the Silver Funds participation in the appreciation in the ETPs price. If the price of the ETP increases, the above-referenced synthetic and/or holding the underlying ETP directly would allow the Silver Fund to experience similar percentage gains. However, if the ETPs price appreciates beyond the strike price of one or more of the sold (short) call option contracts, the Silver Fund will lose money on those short call positions, and the losses will, in turn, limit the upside return of the Silver Funds synthetic and long ETP exposure.
As a result, the Silver Funds overall strategy (i.e., the combination of the synthetic and/or long exposure to the ETP and the sold (short) the ETPs call positions) will limit the Silver Funds participation in gains in the ETPs price beyond a certain point. When the Silver Fund engages in covered call writing with respect to an underlying ETP, it receives cash from the buyer of the call option who in exchange for that cash obtains the right to purchase the ETP on or before the expiration date at a predetermined price called the strike price. Writing covered call options is also considered long short. Generally, the notional principal amount of written covered call options will not exceed the principal amount of the synthetic or long position in the silver or physical silver-related ETP, however, the Silver Fund may write call options for an amount in excess of the value of an ETP position in the Silver Funds portfolio.
Uncovered Call and/or Put Writing The Silver Fund may also write (i.e., sell) uncovered call options on securities or instruments in which it may invest but that are not currently held by the Silver Fund. The principal reason for writing uncovered call options is to realize income without committing capital to the ownership of the underlying securities or instruments. When writing uncovered call options, the Silver Fund must deposit and maintain sufficient margin with the broker-dealer through which it made the uncovered call option as collateral to ensure that the securities can be purchased for delivery if and when the option is exercised. During periods of declining securities prices or when prices are stable, writing uncovered calls can be a profitable strategy to increase the Silver Funds income with minimal capital risk.
Uncovered calls are riskier than covered calls because there is no underlying security held by the Silver Fund that can act as a partial hedge. Uncovered calls have speculative characteristics and the potential for loss is unlimited. When an uncovered call is exercised, the Silver Fund must purchase the underlying security to meet its call obligation. There is also a risk, especially with preferred and debt securities that lack sufficient liquidity, that the securities may not be available for purchase. If the purchase price exceeds the exercise price, the Silver Fund will lose the difference. The Silver Fund also may write (i.e., sell) uncovered put options on securities or instruments in which it may invest but with respect to which the Silver Fund does not currently have a corresponding short position or has not deposited as collateral cash equal to the exercise value of the put option with the broker-dealer through which it made the uncovered put option.
The principal reason for writing uncovered put options is to receive premium income and to acquire such securities or instruments at a net cost below the current market value. The Silver Fund has the obligation to buy the securities or instruments at an agreed upon price if the price of the securities or instruments decreases below the exercise price. If the price of the securities or instruments increases during the option period, the option will expire worthless and the Silver Fund will retain the premium and will not have to purchase the securities or instruments at the exercise price. Call or Put Spreads The Silver Fund may write (sell) call or put spreads instead of than stand-alone call option contracts to seek increased participation in the potential appreciation of an underlying security or instruments share price, while still generating net premium income.
In a call option spread, the Silver Fund may sell (write) an out-of-the-money call option (above the current market price) while also purchasing another call option that is further out of the money. Similarly, in a put option spread, the Silver Fund may sell (write) an out-of-the-money put option (below the current market price) while purchasing a further out-of-the-money put option. Risk Reversals or Protective Collars The Silver Fund may write (sell) risk reversals rather than stand-alone call option contracts to seek to limit loss from of an underlying security or instruments share price. The cost of this protection would be offset by the premiums earned from a written call option. In a risk reversal, the Silver Fund may sell (write) an out-of-the-money call option (above the current market price) call option while simultaneously purchasing an out-of-the-money put option.
Protective Puts The Silver Fund may purchase out-of-the-money protective put options to seek to limit loss from its underlying ETP share price. The cost of protection may reduce the income generated in the portfolio. Call Purchases The Silver Fund may purchase call options to seek to gain price appreciation from its underlying ETP share price. The cost of the purchase may reduce the income generated in the portfolio. The Fund intends to utilize traditional exchange-traded options contracts and/or FLexible EXchange Options (FLEX Options). Traditional exchange-traded options have standardized terms, such as the type (call or put), the reference asset, the strike price and expiration date. Exchange-listed options contracts are guaranteed for settlement by the Options Clearing Corporation (OCC).
FLEX Options are a type of exchange-listed options contract with uniquely customizable terms that allow investors to customize key terms like type, strike price and expiration date that are standardized in a typical options contract. FLEX Options are also guaranteed for settlement by the OCC. Option contracts can either be American style or European style. The Fund generally utilizes European style option contracts, which may only be exercised by the holder of the option contract on the expiration date of such option contract and settled in cash. As derivatives tracking silver or physical silver-related ETPs may be purchased with a fraction of the assets that would be needed to purchase the ETP securities directly for the equivalent amount of exposure, the remainder of the Silver Funds assets may be invested in Fixed Income and Preferred Securities Instruments.
Kurv actively manages the Fixed Income and Preferred Securities Instruments held by the Silver Fund with a view toward enhancing the Silver Funds total return. The Silver Fund primarily invests in U.S. dollar-denominated investment grade debt securities, rated Baa or higher by Moodys Investors Service, Inc.
C000260531 Holdings
Top 4 holdings of Kurv Silver Enhanced Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 36.07% |
| Treasury Bill | 23.37% |
| Treasury Bill | 22.96% |
| Fidelity Government Portfolio | 2.43% |
C000260531 Portfolio Allocation
Asset-class allocation of Kurv Silver Enhanced Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 82.4% |
| Derivatives | 12.9% |
| Cash & Equivalents | 2.4% |
C000260531 Performance
Total returns for C000260531 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.8% |
C000260531 Costs and Fees
C000260531 costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 0.99%
- Portfolio turnover: 0%
- Brokerage commissions: 61.87 bps of average net assets (SEC N-CEN)
C000260531 Cashflows
Over the 12 months to 2026-05, Kurv Silver Enhanced Income ETF had net inflows of $115.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $15.28M |
| 2026-04 | $7.10M |
| 2026-03 | $9.89M |
| 2026-02 | $5.18M |
| 2026-01 | $37.51M |
| 2025-12 | $18.01M |
C000260531 Debt Constituents
Largest debt holdings of Kurv Silver Enhanced Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 36.07% |
| Treasury Bill | 23.37% |
| Treasury Bill | 22.96% |
C000260531 Prospectus and SEC Filings
Official Kurv Silver Enhanced Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Value Materials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.