Investment Risks - Kurv Equity Option Income ETF
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Jul. 30, 2026 |
| Underlying Kurv ETF Risks [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Underlying
Kurv ETF Risks. The Fund will invest its assets in the Underlying Kurv ETFs, so the Fund’s investment performance is
likely to be directly related to the performance of the Underlying Kurv ETFs . The Fund’s NAV will change with changes in
the value of the Underlying Kurv ETFs . An investment in the Fund entails more costs and expenses than the combined costs and
expenses of direct investments in the Underlying Kurv ETFs . Each Underlying Kurv ETF is subject to the principal risks outlined
for the Fund (including ETF Risks), along with the additional risks listed below. To the extent the Fund invests directly in the
securities and financial instruments in which one or more Underlying Kurv ETFs invests, it would also be subject to these risks
directly.
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| Underlying Reference Asset Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Underlying
Reference Asset Risk. Each Underlying Kurv ETF invests in options contracts that
are based on the value of its Underlying Reference Asset, which may be a security, an
index, or a portfolio of securities. As a result, each Underlying Kurv ETF is subject
to certain of the same risks as if it held the Underlying Reference Asset (or, as applicable,
the securities comprising such portfolio or index), even though it does not. As a result,
each Underlying Kurv ETF is subject to the risks associated with the industry of the
corresponding Underlying Issuer. Certain Underlying Kurv ETFs may invest directly in
the Underlying Reference Asset. |
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| Derivatives Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Derivatives
Risk. Derivatives are financial instruments that derive value from the underlying
reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest
rates or indexes. Each Underlying Kurv ETF’s investments in derivatives may pose
risks in addition to, and greater than, those associated with directly investing in securities
or other ordinary investments, including risk related to the market, imperfect correlation
with underlying investments or Underlying Kurv ETF’s other portfolio holdings,
higher price volatility, lack of availability, counterparty risk, liquidity, valuation
and legal restrictions. The Underlying Kurv ETFs investment strategies are primarily
options-based, but swaps may also be utilized. The prices of options are volatile and
are influenced by, among other things, actual and anticipated changes in the value of
the underlying instrument, including the anticipated volatility, which are affected by
fiscal and monetary policies and by national and international political, changes in
the actual or implied volatility or the reference asset, the time remaining until the
expiration of the option contract and economic events. The use of swap transactions is
a highly specialized activity, which involves investment techniques and risks different
from those associated with ordinary portfolio securities transactions. If the reference
asset has a dramatic move that causes a material decline in the Underlying Kurv ETF’s
net assets, the terms of a swap agreement between the Underlying Kurv ETF and its counterparty
may permit the counterparty to immediately close out the swap transaction with the Underlying
Kurv ETF. This could prevent Underlying Kurv ETF from achieving its investment objective,
which could result in losses for the Fund. |
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| Options Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Options
Risk. Purchasing and writing put and call options are highly specialized
activities and entail greater than ordinary investment risks. An Underlying Kurv ETF
may not fully benefit from or may lose money on an option if changes in its value do
not correspond as anticipated to changes in the value of the Underlying Reference Asset.
If an Underlying Kurv ETF is not able to sell an option held in its portfolio, it would
have to exercise the option to realize any profit and would incur transaction costs upon
the purchase or sale of the Underlying Reference Asset. Ownership of options involves
the payment of premiums, which may adversely affect an Underlying Kurv ETF’s performance.
To the extent that an Underlying Kurv ETF invests in over-the-counter options, the
Underlying Kurv ETF may be exposed to counterparty risk. |
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| FLEX Options Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | FLEX
Options Risk. The Underlying Kurv ETFs may use FLEX Options issued
and guaranteed for settlement by the OCC. An Underlying Kurv ETF bears the risk that
the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts.
In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its
settlement obligations, the Underlying Kurv ETF could suffer significant losses. Additionally, FLEX
Options may be less liquid than certain other securities, such as standardized options.
In less liquid markets for the FLEX Options, an Underlying Kurv ETF may have difficulty
closing out certain FLEX Options positions at desired times and prices. In
connection with the creation and redemption of Shares, to the extent market participants
are not willing or able to enter into FLEX Option transactions with the Underlying Kurv
ETF at prices that reflect the market price of the Shares, the Underlying Kurv ETF’s
NAV and, in turn the share price of the Underlying Kurv ETF, could be negatively impacted.
The FLEX Options utilized by the Underlying Kurv ETFs are exercisable at the
strike price on their expiration date. As a FLEX Option approaches its expiration date,
its value typically increasingly moves with the value of the Underlying Reference Asset.
However, prior to such date, the value of the FLEX Options does not increase
or decrease at the same rate as the Underlying Reference Asset’s share price on
a day-to-day basis (although they generally move in the same direction). The value of
the FLEX Options held by an Underlying Kurv ETF will be determined based on
market quotations or other recognized pricing methods. The value of the underlying FLEX
Options will be affected by, among others, changes in the Underlying Reference Asset’s
share price, changes in interest rates and the remaining time to until the FLEX
Options expire. |
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| Call Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Call
Risk. An issuer may exercise its right to redeem a fixed income security
earlier than expected (a call). Issuers may call outstanding securities prior to their
maturity for a number of reasons (e.g., declining interest rates, changes in credit spreads
and improvements in the issuer’s credit quality). If an issuer calls a security
that an Underlying Kurv ETF has invested in, the Underlying Kurv ETF may not recoup the
full amount of its initial investment or may not realize the full anticipated earnings
from the investment and may be forced to reinvest in lower-yielding securities, securities
with greater credit risks or securities with other, less favorable features. |
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| Call Writing Strategies Risks [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Call
Writing Strategies Risks. The continuous application of an Underlying Kurv ETF’s
call writing strategy impacts its ability to participate in the positive performance
of its Underlying Reference Asset, which in turn affects each Underlying Kurv ETF’s
returns both during the term of the sold call options and over longer time frames. An
Underlying Kurv ETF’s participation in its Underlying Reference Asset’s positive
performance and its own returns will depend not only on the Underlying Reference Asset’s
value but also on the path the Underlying Reference Asset’s value takes over time,
illustrating that certain value trajectories of the Underlying Reference Asset could
lead to suboptimal outcomes for the Underlying Kurv ETF. |
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| Single Issuer Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Single
Issuer Risk. Each Underlying Kurv ETF, focusing on an individual security or asset
(Underlying Reference Asset), may experience more volatility compared to traditional
pooled investments or the market generally due to issuer-specific attributes. Its performance
may deviate from that of diversified investments or the overall market, making it potentially
more susceptible to the specific performance and risks associated with the Underlying
Reference Asset. |
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| Concentration Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Concentration
Risk. Each Underlying Kurv ETF concentrates its investments in the same sector, industry
or group of related industries as that of its Underlying Reference Asset. To the extent
that an Underlying Kurv ETF concentrates in a particular sector, industry or group of
related industries, it will be subject to the risk that economic, political, or other
conditions that have a negative effect on such sector, industry or group of related industries
will negatively impact it to a greater extent than if its assets were invested in a wider
variety of industries. |
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| Credit Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Credit
Risk. The risk that an Underlying Kurv ETF could lose money if the issuer or guarantor
of a fixed income security, or the counterparty to a derivative contract, or the issuer
or guarantor of collateral, is unable or unwilling, or is perceived (whether by market
participants, rating agencies, pricing services or otherwise) as unable or unwilling,
to meet its financial obligations. |
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| Currency Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Currency
Risk. The risk that foreign (non-U.S.) currencies will change in value relative to
the U.S. dollar and affect an Underlying Kurv ETF’s investments in foreign (non-U.S.)
currencies or in securities that trade in, and receive revenues in, or in derivatives
that provide exposure to, foreign (non-U.S.) currencies. |
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| Emerging Markets Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Emerging
Markets Risk. The risk of investing in emerging market securities, primarily increased
foreign (non-U.S.) investment risk. |
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| Equity Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Equity
Risk. The risk that the value of equity securities, such as common stocks and preferred
securities, may decline due to general market conditions which are not specifically related
to a particular company or to factors affecting a particular industry or industries.
Equity securities generally have greater price volatility than fixed income securities. |
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| Foreign (Non-U.S.) Investment Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Foreign
(Non-U.S.) Investment Risk. The risk that investing in foreign (non-U.S.)
securities may result in an Underlying Kurv ETF experiencing more rapid and extreme changes
in value than a fund that invests exclusively in securities of U.S. companies, due to
smaller markets, differing reporting, accounting and auditing standards, increased risk
of delayed settlement of portfolio transactions or loss of certificates of portfolio
securities, and the risk of unfavorable foreign government actions, including nationalization,
expropriation or confiscatory taxation, currency blockage, political changes, diplomatic
developments or the imposition of sanctions and other similar measures. Foreign securities
may also be less liquid and more difficult to value than securities of U.S. issuers. |
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| High Yield Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | High
Yield Risk. The risk that high yield securities and unrated securities of
similar credit quality (commonly known as “junk bonds”) are subject to greater
levels of credit, call and liquidity risks. High yield securities are considered primarily
speculative with respect to the issuer’s continuing ability to make principal and
interest payments, and may be more volatile than higher-rated securities of similar maturity. |
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| Liquidity Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Liquidity
Risk. Some securities held by the Underlying Kurv ETFs , including options contracts,
may be difficult to sell or be illiquid, particularly during times of market turmoil.
This risk is greater for the Underlying Kurv ETFs as each will hold options contracts
on a single security, and not a broader range of options contracts. Markets for securities
or financial instruments could be disrupted by a number of events, including, but not
limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation
or regulatory changes inside or outside the United States. Illiquid securities may be
difficult to value, especially in changing or volatile markets. If an Underlying Kurv
ETF is forced to sell an illiquid security at an unfavorable time or price, the Underlying
Kurv ETF may be adversely impacted. Certain market conditions or restrictions, such as
market rules related to short sales, may prevent the Underlying Kurv ETF from limiting
losses, realizing gains or achieving a high correlation with the Underlying Reference
Asset. There is no assurance that a security that is deemed liquid when purchased will
continue to be liquid. Market illiquidity may cause losses for the Underlying Kurv ETFs. |
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| Interest Rate Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Interest
Rate Risk. The risk that fixed income securities will fluctuate in value because
of a change in interest rates; an Underlying Kurv ETF with a longer average portfolio
duration will be more sensitive to changes in interest rates than a fund with a shorter
average portfolio duration. |
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| Leveraging Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Leveraging
Risk. The risk that certain transactions of an Underlying Kurv ETF, such as
reverse repurchase agreements, and the use of when-issued, delayed delivery or forward
commitment transactions, or derivative instruments, may give rise to leverage, magnifying
gains and losses and causing the Underlying Kurv ETF to be more volatile than if it had
not been leveraged. This means that leverage entails a heightened risk of loss. |
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| Mortgage-Related and Other Asset-Backed Securities Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Mortgage-Related
and Other Asset-Backed Securities Risk. The risks of investing in mortgage-related
and other asset-backed securities, including interest rate risk, extension risk, prepayment
risk and credit risk. The Underlying Kurv ETFs may invest in any tranche of mortgage-related
or other asset-backed securities, including junior and/or equity tranches (to the extent
consistent with other of the Underlying Kurv ETF’s guidelines), which generally
carry higher levels of the foregoing risks. |
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| Short Exposure Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Short
Exposure Risk. The risk of entering into short sales or other short positions,
including the potential loss of more money than the actual cost of the investment, and
the risk that the third party to the short sale or other short position will not fulfill
its contractual obligations, causing a loss to an Underlying Kurv ETF. |
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| Sovereign Debt Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Sovereign
Debt Risk. The risk that investments in fixed income instruments issued by sovereign
entities may decline in value as a result of default or other adverse credit event resulting
from an issuer’s inability or unwillingness to make principal or interest payments
in a timely fashion. |
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| Tax Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Tax
Risk. Each Underlying Kurv ETF aims to qualify as a Regulated Investment Company
(RIC) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”)
to avoid U.S. federal income tax on distributed net investment income and net capital
gain, provided certain conditions are met. Failure to meet the RIC criteria, especially
if the value of held options exceeds 25% of the total ETF assets at the end of a tax
quarter, could subject an Underlying Kurv ETF’s income to taxation at both the
fund and shareholder levels, though there’s a grace period to rectify such non-compliance;
each Underlying Kurv ETF employs a synthetic strategy, maintaining a treasury securities
portfolio to aid in meeting diversification requirements. |
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| Risks of Investing in Other Investment Companies [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Risks
of Investing in Other Investment Companies. Investments in the securities of other investment companies, including ETFs, may
involve duplication of advisory fees and certain other expenses. By investing in another investment company, the Fund becomes
a shareholder thereof. As a result, Fund shareholders indirectly bear the Fund’s proportionate share of the fees and expenses
paid by shareholders of the other investment companies, in addition to the fees and expenses Fund shareholders indirectly bear
in connection with the Fund’s own operations. If the other investment companies fail to achieve their investment objectives,
the value of the Fund’s investment will decline, adversely affecting the Fund’s performance. In addition, ETF shares
potentially may trade at a discount or a premium to NAV and are subject to brokerage and other trading costs, which could result
in greater expenses to the Fund. Finally, because the value of ETF shares depends on the demand in the market, the Adviser may
not be able to liquidate the Fund’s holdings in those shares at the most optimal time, adversely affecting the Fund’s
performance.
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| Exchange-Traded Fund (ETF) Structure Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Exchange-Traded Fund
(ETF) Structure Risk. The Fund is structured as an exchange traded fund and as a result is subject to special
risks, including:
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| Market Price Variance Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Market
Price Variance Risk. The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares
and will include a “bid-ask spread” charged by the exchange specialists, market makers or other participants that
trade the particular security. There may be times when the market price and the NAV vary significantly. This means that Shares
may trade at a discount to NAV. |
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| Authorized Participant Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Authorized
Participant Risk. In times of market stress, market makers may step away from their role market making in shares of exchange
traded funds and in executing trades, which can lead to differences between the market value of Fund shares and the Fund’s
NAV. |
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| Trading Issues [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Trading
Issues. In stressed market conditions, the market for the Fund’s shares may become less liquid in response to the deteriorating
liquidity of the Fund’s portfolio. This adverse effect on the liquidity of the Fund’s shares may, in turn, lead to
differences between the market value of the Fund’s shares and the Fund’s NAV. |
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| Absence of Active Trading Market Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Absence
of Active Trading Market Risk. An active trading market for the Fund’s shares may not be developed or maintained. Trading
in Shares on the Exchange may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading
in Shares inadvisable, such as extraordinary market volatility. There can be no assurance that Shares will continue to meet the
listing requirements of the Exchange. If the Fund’s shares are traded outside a collateralized settlement system, the number
of financial institutions that can act as authorized participants that can post collateral on an agency basis is limited, which
may limit the market for the Fund’s shares. |
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| Technology Sector Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Technology
Sector Risk. The Fund will, via its investments in the Underlying Kurv ETFs, have exposure to the Underlying Reference Assets,
several of which are companies in (or reliant upon) the technology sector, and therefore the performance of the Underlying Kurv
ETFs (and the Fund) could be negatively impacted by events affecting this sector. Market or economic factors impacting technology
companies and companies that rely heavily on technological advances could have a significant effect on the value of a Fund’s
investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly
vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both
domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information
technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend
to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual
property rights, the loss or impairment of which may adversely affect profitability.
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| Precious and Industrial Metals Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Precious
and Industrial Metals Risk. The performance of certain Underling Kurv ETFs in part is linked to the performance of certain
precious and industrial metals, including gold, silver and copper. Investments in metals may be highly volatile and can change
quickly and unpredictably due to a number of factors, including the supply and demand of each metal, environmental or labor costs,
political, legal, financial, accounting and tax matters and other events that the Underlying Kurv ETF cannot control. In addition,
changes in international monetary policies or economic and political conditions can affect the supply of metals, and consequently
the value of metal investments. The United States or foreign governments may pass laws or regulations limiting metal investments
for strategic or other policy reasons. Further, the principal supplies of metal industries may be concentrated in a small number
of countries and regions. Consequently, the price of a metal held by the Fund could decline, which would adversely affect the
Underlying Kurv ETF’s performance.
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| Inflation Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Inflation
Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation
decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any,
may decline.
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| Management Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Management
Risk. The risk that the investment techniques and risk analyses applied by Kurv will not produce the desired results and that
actual or potential conflicts of interest, legislative, regulatory, or tax restrictions, policies or developments may affect the
investment techniques available to Kurv and the portfolio managers in connection with managing the Fund and may cause Kurv to
restrict or prohibit participation in certain investments. There is no guarantee that the investment objective of the Fund will
be achieved.
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| Market Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Market
Risk. The risk that the value of securities owned by the Fund may go up or down, sometimes rapidly or unpredictably, due to
factors affecting securities markets generally or particular industries.
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| New Fund Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
New
Fund Risk. The
risk that a new fund’s performance may not represent how the Fund is expected to or may perform in the long term. In addition,
new funds have limited operating histories for investors to evaluate and new funds may not attract sufficient assets to achieve
investment and trading efficiencies.
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| Small Fund Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Small
Fund Risk. The
risk that a smaller fund may not achieve investment or trading efficiencies. Additionally, a smaller fund may be more adversely
affected by large purchases or redemptions of fund shares.
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| Risk Lose Money [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
The Fund may not achieve its investment objective and there is a risk that you could lose
all of your money invested in the Fund.
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| Risk Nondiversified Status [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Non-Diversification
Risk. The Fund’s portfolio may focus on a limited number of investments and will be subject to the potential for more
volatility than a diversified fund.
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