At a glance
GOOP charges 0.99% a year, above the 0.1% average of the 7 funds most like it (the most expensive of 8). It has $26.7M in assets, the 8th largest of that group; it paid 16.68% of its price in distributions over the past 12 months, monthly. Over the past year it returned +7.9% with distributions reinvested, the best of those 8 funds.
The short version
Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is an actively managed income fund that gets its exposure to Alphabet (GOOGL), Google's parent, mainly through options backed by short-term Treasury bills. It pays monthly, with a trailing 12-month yield of 16.68% as of October 27, 2026. The trade-offs: the call options it writes cap its upside, it costs 0.99% a year, and it rises and falls with one company's stock.
Price history
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GOOP +7.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GOOP official prospectus, to Dec 31, 2025 | — | +51.96% | — | — | — | +42.10% |
| GOOP price data to Oct 27, 2026 | -5.5% | +7.9% | — | — | — | +25.3% |
- Over the year to Oct 27, 2026, GOOP returned +7.9%, 1st of 8 among similar funds.
- Its worst full calendar year was 2024 (+27.8%); its best was 2025 (+52.4%).
- The deepest fall in its price history was 27.5% (Feb 4, 2025 to Apr 8, 2025), recovered by Aug 8, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -5.5% | — |
| 2025 | +52.4% | +51.96% |
| 2024 | +27.8% | +27.66% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $4.6500 | |
| 2025 | $4.6000 | +11.7% |
| 2024 | $4.1200 |
What's inside
As of Aug 31, 2026, the fund held 3 securities; the ten largest made up 109.26% of assets, and 2.33% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| TREASURY BILL Bonds and notes | 43.63% | |
| TREASURY BILL Bonds and notes | 37.04% | |
| TREASURY BILL Bonds and notes | 28.59% |
By country
United States 109.26%By issuer
US Treasury 109.26%The bonds mature in 0.3 years on average (weighted by size), with an average coupon of 0%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $5.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -7.01%, -2.51%, -7.60%.
How it works
GOOP has no index. Its adviser, Kurv Investment Management, runs an income strategy built on one stock, Alphabet Inc. (GOOGL), Google's parent. It may own the shares but mainly uses options, including FLEX options (customizable listed options guaranteed by the Options Clearing Corporation). One method is a "synthetic long": purchasing call options and writing put options at the same strike price and expiry, a pairing that mirrors the stock's price moves. That exposure can reach 200% of net asset value.
For income, the fund writes call options on Alphabet: it collects a cash premium and hands the option holder the stock's gains above a set strike price. If Alphabet climbs past that price, those calls lose money and cap the fund's upside, while it still bears the stock's declines. The adviser may also write uncovered calls, beyond its long exposure, when it judges options mispriced, adding risk.
The options are backed by short-term debt. As of August 31, 2026, three US Treasury bills made up about 109% of net assets, averaging 0.3 years to maturity, offset by six Alphabet option positions that, on net, were a liability of about 11.5% of assets. No Alphabet shares were held directly. The prospectus also permits bonds of any maturity, non-US debt and preferred securities, which could add interest-rate and credit risk.
What it really costs
- GOOP charges 0.99% a year, versus an average of 0.1% for the similar funds below (8th of 8, cheapest first).
- Of that, 1.15% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.16% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $101 in the first year and $1,387 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GOOP | $101 | $351 | $619 | $1,387 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It offers high monthly income, but its stock exposure rests entirely on Alphabet and it fell 27.5% in early 2025, so it suits a small, higher-risk slice rather than a core role.
GOOP could add sizable monthly income tied to Alphabet. It launched in October 2023, so it has no record in the 2008, 2020 or 2022 downturns. Both full calendar years were gains: 27.7% in 2024 and 52.0% in 2025. Its deepest drop, 27.5% from February 4 to April 8, 2025, took about four months to recover. Anyone needing to cash out shares during a slide like that would have done so at sharply lower prices.
Payouts arrive monthly, with a trailing 12-month yield of 16.68% as of October 27, 2026, yet the one-year return to that date was 7.9%, well below the yield. Option income is usually taxed as ordinary income. Costs run 0.99% a year, or $101 per $10,000 in year one under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want large monthly payouts linked to Alphabet and accept giving up some upside; the trailing yield was 16.68% as of October 27, 2026.
- People who expect Alphabet to hold steady or rise modestly, and value premium income over full participation in a big rally.
- Investors who hold it as a small slice of a diversified portfolio inside a tax-deferred account, where ordinary-income treatment of option income matters less.
Look elsewhere if
- Anyone wanting full participation in Alphabet's gains; the calls it writes cap upside, while the fund still bears the stock's declines.
- Cost-conscious investors: it charges 0.99% a year even after a fee waiver, about $1,387 per $10,000 over 10 years in the SEC's standard example.
- Anyone needing stable principal or diversification: its stock exposure rests on one company, and it fell 27.5% between February and April 2025.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GOOP this fund | 0.3 yrs | 0.99% | $26.7M | +7.9% | — |
| BSV Vanguard Short-Term Bond ETF | 2.9 yrs | 0.03% | $69.75B | +1.7% | +4.5% |
| BIV Vanguard Intermediate-Term Bond ETF | 7.5 yrs | 0.03% | $52.45B | -0.7% | +5.1% |
| MINT PIMCO Enhanced Short Maturity Active Exchan… | 6.3 yrs | 0.35% | $16.43B | +3.9% | +4.9% |
| PULS PGIM Ultra Short Bond ETF | 8.8 yrs | 0.15% | $18.71B | +4.1% | +5.2% |
| BNDX Vanguard Total International Bond ETF | 8.7 yrs | 0.07% | $122.53B | -0.6% | +4.1% |
| BND Vanguard Total Bond Market ETF | 11.7 yrs | 0.03% | $397.11B | -0.4% | +4.7% |
| IUSB iShares Core Total USD Bond Market ETF | 11.8 yrs | 0.06% | $43.00B | -0.3% | +5.1% |
Questions investors ask
Does GOOP pay monthly dividends?
Yes. GOOP pays distributions monthly. Over the 12 months to October 27, 2026, it paid $5.45 per share, a trailing yield of 16.68%. Much of that money comes from option premiums and interest on its Treasury bills, so it is usually taxed as ordinary income rather than as qualified dividends. Payouts can change from month to month because option premiums rise and fall with expected swings in Alphabet's price.
Does GOOP own Google stock?
Not directly, according to its August 31, 2026 holdings report. It held three US Treasury bills worth about 109% of net assets, plus six Alphabet option positions that were, on net, a liability of about 11.5%. The prospectus describes building "synthetic" exposure by purchasing call options and writing put options at the same strike price and expiry, which together mirror the stock's moves. It may also own Alphabet shares, and synthetic exposure can reach 200% of net asset value.
What happens to GOOP if Google stock rises or falls?
Its gains track Alphabet only up to a point. Because the fund writes call options, it gives up gains above their strike prices in exchange for premium income, so a sharp rally flows through only partly. Declines are not limited the same way: the fund's synthetic stock exposure falls with Alphabet, softened only by premiums collected. Its strongest quarter was a 30.34% gain in the three months to September 30, 2025; its weakest was a 17.52% loss in the quarter to March 31, 2025.
What is GOOP's expense ratio?
GOOP's expense ratio is 0.99%, per its prospectus filed September 28, 2026: a 1.15% management fee less a 0.16% fee waiver. In the SEC's standard example, $10,000 earning 5% a year and cashed in at the end of each period would cost about $101 over one year, $351 over three, $619 over five and $1,387 over ten. That is far more than plain bond funds such as Vanguard Short-Term Bond ETF (BSV), at 0.03%, though BSV has no options strategy and is not a like-for-like alternative.
Is GOOP good for retirement income?
It can deliver large monthly payouts, but with single-stock risk. The trailing yield was 16.68% as of October 27, 2026, yet the one-year return to that date was 7.9%. The fund fell 27.5% from February to April 2025 before recovering by August 2025. It launched in October 2023, so it has not faced a long bear market, and it is small, with about $26.7 million in net assets as of August 31, 2026. It may suit retirees treating it as a small, higher-risk slice.