Kurv Yield Premium Strategy Netflix (NFLX) ETF
NFLP
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1 Letterman Drive San Francisco CA United States of America 94129
- IPO Date
- Oct 27, 2023
- Website
- kurvinvest.com
- Similar Companies
- Business
- Kurv Yield Premium Strategy Netflix ETF (NFLP) is an actively managed exchange-traded fund that seeks current income while providing exposure to the share price returns of Netflix, Inc. (NFLX), subject to a cap on potential investment gains. The fund employs a synthetic covered call strategy using standardized exchange-traded and FLEX options, including at-the-money call and put options with one- to twelve-month terms to replicate NFLX price movements, out-of-the-money call writing approximately 5%-15% above NFLX's share price to generate premiums, and collateralization with short-term fixed-income instruments such as U.S. government securities, treasury securities, money market securities, short-term bonds, and corporate debt; it may also hold NFLX shares directly, with combined direct and synthetic long exposure not exceeding 100% of net assets. The strategy delivers monthly distributions derived from option premiums, dividends, and interest income, with tax-aware features including potential return of capital designations through portfolio loss offsets. Launched on October 26, 2023, NFLP operates within the derivative income segment of the exchange-traded funds industry, targeting investors seeking enhanced yield and defensive single-stock exposure with lower beta to NFLX. Kurv Investment Management LLC serves as investment adviser, with principal executive offices at 1 Letterman Drive, Building C, Suite 3-500, San Francisco, California 94129. In 2024, the fund underwent a significant reorganization, approved by shareholders at a special meeting on November 13, 2024, transferring all assets and liabilities from its prior series within NEOS ETF Trust to a newly created series of Kurv ETF Trust, eliminating the sub-adviser role while retaining identical investment objectives, strategies, and unitary fee structure (net expense ratio post-waiver not exceeding 0.99% through at least December 31, 2024). This tax-free restructuring streamlined operations under Kurv ETF Trust, with continued servicing by U.S. Bancorp Fund Services, LLC as administrator, transfer agent, and custodian, alongside ongoing monthly distributions as evidenced by the November 2025 announcement.