Kurv Yield Premium Strategy Tesla ETF (TSLP) is an actively managed exchange-traded fund that seeks current income while providing exposure to the share price returns of Tesla, Inc. common stock, subject to a limit on potential investment gains. The fund employs a synthetic covered call strategy using at-the-money call and put options with expirations ranging from one to twelve months, supplemented by direct investments in TSLA shares when appropriate; it generates monthly distributions primarily from covered call option premiums, dividends, and interest income, with tax-efficient features including loss harvesting and return of capital designations to offset gains. TSLP collateralizes its positions with cash and short-term fixed-income instruments and targets retail and institutional investors seeking enhanced yield with lower beta to TSLA, operating in U.S. markets through listings on Cboe BZX.
Kurv Investment Management LLC, headquartered in San Francisco, California, founded by Howard Chan with decades of experience from Goldman Sachs and PIMCO, serves as the issuer and adviser for TSLP, which launched on October 27, 2023, under the Kurv ETF Trust. The firm focuses on democratizing institutional-grade strategies through a suite of Yield Premium Strategy ETFs covering single stocks and sectors, including technology, precious metals, and broad equities; geographic operations center on the United States with products listed on major exchanges for North American investors.
In recent developments, Kurv transitioned its Yield Premium Suite ETFs, including TSLP, to the Kurv ETF Trust in late 2024, streamlining operations and enhancing direct fund management control. The firm launched the Kurv Silver Enhanced Income ETF (KSLV) in September 2025, the first silver ETF with options-based enhanced income strategies, and increased annualized distribution rates on single-stock covered call ETFs like TSLP through special distributions for the remainder of 2024. These moves reflect Kurv's expansion into precious metals and commitment to higher income generation amid volatile markets, with no reported acquisitions, funding rounds, or major partnerships in the past two years.