ETF Evaluator:
Kurv U.S. Large Cap TaxOptimized ETF ()
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(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
Kurv U.S. Large Cap TaxOptimized ETF Overview
Kurv U.S. Large Cap TaxOptimized ETF (LCTO) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Kurv Investment Management LLC launched the ETF in 2026.
The investment seeks to maximize total return.
Under normal circumstances, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in U.S. Large Cap Equity Securities, U.S. Large Cap ETFs or derivatives on U.S. Large Cap Equity Securities or U.S. Large Cap ETFs.
About Kurv U.S. Large Cap TaxOptimized ETF (LCTO)
There are 1 members of the management team with an average tenure of 0.07 years: Dominique Tersin (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Kurv U.S. Large Cap TaxOptimized ETF has 15 securities in its portfolio. The top 10 holdings constitute 103.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Kurv U.S. Large Cap TaxOptimized ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Kurv U.S. Large Cap TaxOptimized ETF has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 39.7% There is 0.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 52.8% (50.2% domestic bond, 2.5% foreign bond and 0.0% convertible bond). Kurv U.S. Large Cap TaxOptimized ETF has 7.4% of the portfolio in cash.
Assets Under Management
The fund has $491 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LCTO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Kurv U.S. Large Cap TaxOptimized ETF expense ratio is above average compared to funds in the Derivative Income category. Kurv U.S. Large Cap TaxOptimized ETF has an expense ratio of 0.70%, which is 16% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Kurv U.S. Large Cap TaxOptimized ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, Kurv U.S. Large Cap TaxOptimized ETF returned 0.0%, which earned it a grade of NA, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Kurv U.S. Large Cap TaxOptimized ETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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LCTO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LCTO Return (NAV) | na | na | na | na | na | na |
| LCTO Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| LCTO Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| LCTO Tax-Cost Ratio | na | na | na | na | na | na |
LCTO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LCTO Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| LCTO Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| LCTO Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.70% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Tersin Dominique (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 103.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.7% |
Portfolio Allocation |
|
| Domestic Stock: | 39.7% |
| Foreign Stock: | 0.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 50.2% |
| Foreign Bond: | 2.5% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 7.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Kurv Investment Management LLC |
| Phone Number: | 888-719-5878 |
| Website: | |
| Inception Date: | July 6, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.70% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.83% |
