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TSLPKurv Yield Premium Strategy Tesla (TSLA) ETF

Get incomeTake a bet2y track recordRanked #532 of 775 in this goal

Seeks current income, with secondary exposure to Tesla (TSLA) share price subject to a limit on potential gains.

By Kurv Investment Management Inc. · Launched 2023

Annual Cost

1.00%

#4,954 of 5,562 · expensive

Fund Size

$24M

#4,235 of 5,562 · small

Dividend YieldGoal

27.07%

Track Record

2 years

#3,260 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,434+14.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 1 holdings = 1.3% of fund✓ well diversified

Fidelity Inv MM Government IFIGXX
1.3%

Asset allocation

Bonds
41.0%
Stocks
38.1%
Cash
20.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
41.7%High

Year-on-year price swings

Max drawdown
-46.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income, with secondary exposure to Tesla (TSLA) share price subject to a limit on potential gains.
Strategy
Actively managed fund that uses a synthetic covered call, uncovered call/put writing, or synthetic covered call spread strategy on Tesla Inc. (TSLA) to generate options-premium income and capped exposure to TSLA share-price returns. The Adviser builds synthetic long positions via at-the-money call purchases and matched put sales (1-12 month expiries), may hold TSLA shares directly, and may write risk reversals or buy protective puts. Combined TSLA exposure does not exceed 100% of net assets.
Inception date
October 26, 2023
Fund family
Kurv Investment Management Inc.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Critical

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Single stock
Warning

Single-stock wrapper — fees without diversification

This fund wraps exposure to a single company, usually with an option overlay. You pay fund-level fees (typically 0.50–1.00% depending on the issuer) plus the wrapper's option-overlay mechanics for exposure you could get more cheaply by holding the underlying stock directly. The income is generated by capping upside.

Source: Israelov & Nielsen, 'Covered Calls Uncovered' (Financial Analysts Journal 2015)

Why we flagged this: strategy=option_income + single_stock_wrapper

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19