| Investment Objective: |
The Gold Fund seeks to exceed the price return of gold bullion by primarily investing under normal circumstances in derivative instruments on gold bullion-related exchange traded products ("ETPs"), including gold bullion-related exchange traded funds ("ETFs") and gold bullion-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 gold-bullion related ETFs directly as well as in physical gold and derivative instruments on gold. Kurv Gold Enhanced Income ETF seeks to maximize total return by actively managing a portfolio with efficient exposure to gold while, at the same time, generating potentially tax-efficient income. As part of its strategy, the Gold Fund may write (sell) call option contracts on gold and gold bullion related ETPs to generate income. If the Gold Fund gains long exposure synthetically, since the Gold 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. |
