AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF
Synthetic covered call on AAPL, paying monthly
Over the year to Sep 11, 2026, AAPY paid 13.2% in cash and still finished 8.4 points behind AAPL.
Key facts
ETFIQ Return Stability Score
63.1joint 14th of 61
AAPY paid 13.2% in cash and its price rose 20.6%, so the payout came out of returns rather than principal.
Was the payout funded by returns, or by your own capital?
30.3% of the 61 sit at or below AAPY on this measure.
95.9% of the 61 sit at or below AAPY on this measure.
Weighted evenly, those two positions are what the score combines, across the 61 income ETFs writing on a single company. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.
| What it measures | This fund | Its percentile | Weight |
|---|---|---|---|
| against its benchmark | −8.4 pts | 30.3 | 50% |
| what happened to the principal | +20.6% | 95.9 | 50% |
What a holder got
Over the year to Sep 11, 2026, AAPY returned +36.6% with distributions reinvested and Apple (AAPL) returned +45.0%, so a holder came out behind it by 8.4 points. The lighter segment is the 13.2% that arrived as cash rather than as price.
Period by period
| Window | Cash paid | Price | Total return | AAPL | Ahead or behind |
|---|---|---|---|---|---|
| 3 months | 3.0% | +10.7% | +13.9% | +14.2% | −0.3 pts |
| 6 months | 7.1% | +26.6% | +34.7% | +33.1% | +1.6 pts |
| 1 year | 13.2% | +20.6% | +36.6% | +45.0% | −8.4 pts |
| Since launch | 41.7% | +11.2% | +68.2% | +100.2% | −32.0 pts |
When AAPY pays
AAPY pays monthly. The last distribution was $0.25 a share, which went ex on Aug 19, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Sep 16, 2026; that date is an ETFIQ projection, not the issuer’s.
| Ex-date | Pay date | Amount | Basis |
|---|---|---|---|
| Sep 16, 2026 | Sep 18, 2026 | $0.25 | ETFIQ projection from the fund’s own cadence |
| Oct 14, 2026 | Oct 16, 2026 | $0.25 | ETFIQ projection from the fund’s own cadence |
Every distribution ETFIQ holds for AAPY (13, most recent first)
| Ex-date | Amount |
|---|---|
| Aug 19, 2026 | $0.25 |
| Jul 22, 2026 | $0.25 |
| Jun 17, 2026 | $0.25 |
| May 20, 2026 | $0.3 |
| Apr 22, 2026 | $0.25 |
| Mar 18, 2026 | $0.25 |
| Feb 18, 2026 | $0.25 |
| Jan 21, 2026 | $0.25 |
| Dec 17, 2025 | $0.25 |
| Nov 19, 2025 | $0.25 |
| Oct 22, 2025 | $0.25 |
| Sep 17, 2025 | $0.25 |
| Aug 20, 2025 | $0.25 |
Every income ETF going ex-dividend in the next fortnight
In plain words
Since it launched on Oct 27, 2023, AAPY has returned +68.2% with distributions reinvested, against +100.2% for Apple (AAPL), and has paid out 41.7% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 10.8%. Kurv estimates that 83% of the distribution paid Aug 20, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.
| Strategy | synthetic covered call |
|---|---|
| Benchmark | Apple (AAPL) |
| Pays | monthly |
| Net assets (issuer page, as of Sep 11, 2026) | $8m |
| Latest payout, annualized (ETFIQ) | 10.8% |
| Expense ratio | not read by ETFIQ |
| Cash paid, last 12 months, over today’s price (ETFIQ) | 11.0% |
| Launched | Oct 27, 2023 |
| Return of capital, latest distribution (Kurv 19a-1 estimate) | 83.0% |
| Pays | monthly |
| Typical gap between ex-dates | 28 days |
| Typical wait from ex-date to payment | 2 days |
| Last paid, per share | $0.25 ex Aug 19, 2026 |
| Sum of the last 12 distributions | $3.05 |
Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed
Questions people ask
- How much has AAPY paid over the last year?
- Over the year to Sep 11, 2026, AAPY paid 13.2% of its starting price in cash distributions, while the price rose 20.6%.
- Is AAPY ahead of AAPL?
- Over the year to Sep 11, 2026, with every distribution reinvested, AAPY returned +36.6% against +45.0% for Apple (AAPL), so a holder was behind it by 8.4 points.
- How often does AAPY pay, and how much?
- AAPY pays monthly. The latest distribution annualizes to 10.8% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
- Is the AAPY distribution return of capital?
- Kurv estimates 83% of the distribution paid Aug 20, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
- When does AAPY next pay a distribution?
- AAPY pays monthly. The last distribution went ex on Aug 19, 2026 at $0.25 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 16, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
The words on this page
- Total return
- What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
- Cash paid
- Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
- Ahead or behind
- The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
- Return of capital
- The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
- Covered call
- Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.
Every term used here, defined in full on the income ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
Put this on your own page
The payout bar for AAPY, redrawn every trading night. Free to use with the credit link.
Where AAPY is written about
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Open AAPY live on ETFIQ, where the figures refresh with the data.
Cite this page. ETFIQ, AAPY, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/aapy Free to use with attribution; the underlying files are at Open data.