IncomeShares by Leverage Shares
How to invest
ISIN: XS2901884663 Copied

Apple (AAPL) Options ETP

Distribution Yield: 35.23%*
*As of 04.11.2025. Past performance is not indicative of future results.

Buy AAPY

Key Information

Strategy
Cash-Secured Put + Equity
Reference Asset
AAPL
Distributions
Monthly
Expense Ratio
0.55%
Inception Date
22 July 2024

Why Apple Options ETP?

maximum-income

Maximum Income

upside-exposure

Upside Exposure

partial-downside-protection

Partial Downside Protection

The IncomeShares Apple (AAPL) Options ETP dynamically allocates between directly investing in Apple Inc. shares (Nasdaq: AAPL) and selling put options on AAPL with strikes ranging from 5% OTM to 10% ITM. The strategy aims to generate monthly income while retaining upside exposure to the extent of its holding in AAPL shares and the strikes of puts sold ITM. The ETP will also earn a return on the uninvested cash.

Capital at risk. You may lose some or all of your investment.

Distribution Details

As of 04 Nov 2025
Declaration Date Ex-Date Record Date Payment Date Distribution Per Share
31 Oct 2025 03 Nov 2025 04 Nov 2025 12 Nov 2025 $0.275
30 Sep 2025 01 Oct 2025 02 Oct 2025 10 Oct 2025 $0.2221
29 Aug 2025 01 Sep 2025 02 Sep 2025 10 Sep 2025 $0.1176

Your total return till today, given you'd invested $10,000.00 on 26 September 2024

Starting Amount
$10,000.00
Price Gain
$-644.41
Price Growth (CAGR)
$-5.70
Dividends
$1,623.54
Total Gain
$979.13
End Balance
$10,979.13
Total Return
9.79%
Total Return (CAGR)
8.58%
Distribution Calendar

Distribution Calendar

Declaration Date Ex-Date Record Date Payment Date Distribution Per Share
31 Jan 2025 03 Feb 2025 04 Feb 2025 12 Feb 2025 $0.087
28 Feb 2025 03 Mar 2025 04 Mar 2025 12 Mar 2025 $0.1
31 Mar 2025 01 Apr 2025 02 Apr 2025 10 Apr 2025 $0.0909
30 Apr 2025 01 May 2025 02 May 2025 12 May 2025 $0.2409
30 May 2025 02 Jun 2025 03 Jun 2025 11 Jun 2025 $0.1281
30 Jun 2025 01 Jul 2025 02 Jul 2025 10 Jul 2025 $0.0531
31 Jul 2025 01 Aug 2025 04 Aug 2025 12 Aug 2025 $0.0976
29 Aug 2025 01 Sep 2025 02 Sep 2025 10 Sep 2025 $0.1176
30 Sep 2025 01 Oct 2025 02 Oct 2025 10 Oct 2025 $0.2221
31 Oct 2025 03 Nov 2025 04 Nov 2025 12 Nov 2025 $0.275
28 Nov 2025 01 Dec 2025 02 Dec 2025 10 Dec 2025 N/A
31 Dec 2025 02 Jan 2026 05 Jan 2026 13 Jan 2026 N/A
Declaration Date Ex-Date Record Date Payment Date Distribution Per Share
31 Oct 2024 01 Nov 2024 04 Nov 2024 12 Nov 2024 $0.12
29 Nov 2024 02 Dec 2024 03 Dec 2024 11 Dec 2024 $0.054
31 Dec 2024 02 Jan 2025 03 Jan 2025 13 Jan 2025 $0.039

Listings & Tickers

Country Exchange Base Currency Trading Currency Exchange Code ISIN SEDOL BBG Ticker RIC WKN Listing Date
UK London Stock Exchange USD USD AAPY XS2901884663 BQB7Y10 AAPY LN AAPY.L N/A 26 Sep 2024
UK London Stock Exchange USD GBP AAPI XS2901884663 BQB7Z73 AAPI LN AAPI.L N/A 26 Sep 2024
DE Deutsche Börse Xetra USD EUR AAPY XS2901884663 BQNKX87 AAPY.GY AAPY.DE A4A52S 15 Nov 2024
NL Euronext Amsterdam USD EUR AAPY XS2901884663 BR4ZXH7 AAPY NA AAPY.AS N/A 15 Oct 2025

Holdings

As of 03 Nov 2025

Full Holdings List (CSV)
Name Ticker Weight, % SEDOL Market Price Currency Shares Held Market Value
Cash Cash_USD_56 75.06% Cash 1 USD 738,126 738,126
APPLE INC AAPL 27.88% 2046251 269.05 USD 1,019 274,162
AAPL Nov07'25 277.5 Put AAPL 251107P00277500 -1.15% N/A 8.7364 USD -13 -11,357
AAPL Nov07'25 282.5 Put AAPL 251107P00282500 -1.78% N/A 13.4849 USD -13 -17,530

Net Asset Value

NAV (as of '03 Nov 2025')
$9.37
Daily Change (of NAV)
-0.04
Daily Return (based on % NAV change)
-0.38%
Shares Outstanding
105,000

Structure

Structure
ETP
Domicile
Ireland
Replication Method
Physical
Use of Income
Distributing
Underlying Asset
Apple + cash + short puts on Apple

Tax & Legal

UCITS Eligible
Yes
UK Fund Reporting Status
Pending
SIPP
Yes
ISA
Yes
US IRS Sec 871(m)
Not applicable

Key Services Providers

Issuer
Leverage Shares PLC
Arranger
Leverage Shares Management Company Limited
Trustee
Apex Corporate Trustees (UK) Limited
Issuing and Paying Agent
Elavon Financial Services DAC
Registrar
Elavon Financial Services DAC
Custodian
Interactive Brokers LLC and/or Morgan Stanley & Co LLC
Portfolio Administrators
Flexinvest Limited
Determination Agent
Calculation Agent Services LLC
Broker Dealer of Record
GWM Limited
Authorised Participants
Virtu Financial Ireland Limited

ETP Documents

Fact Sheet
Final Terms
Final Terms FCA
Final Terms CBI
Key Information Documents
2025-11 UK DE ES FR IT NL PL SV
2025-10 UK DE ES FR IT NL PL SV
2025-09 UK DE ES FR IT NL PL SV
2025-08 UK DE ES FR IT NL PL SV
2025-07 UK DE ES FR IT NL PL SV
2025-06 UK DE ES FR IT NL PL
2025-05 UK DE ES FR IT NL PL
2025-04 UK DE ES FR IT NL PL
2025-03 UK DE ES FR IT NL PL
2025-02 UK DE ES FR IT NL PL
2025-01 UK DE ES FR IT NL PL
2024-12 UK DE ES FR IT NL PL
2024-11 UK DE ES FR IT NL PL
2024-10 UK DE ES FR IT NL PL
2024-09 UK DE ES FR IT NL PL
Reportable Income
EMT
Supplemental Trust Deed
Prospectus
Prospectus (FCA) 23 June 2025
Prospectus (CBI) 23 June 2025
Prospectus (FCA) 17 July 2024
Prospectus (CBI) 17 July 2024
Prospectus (FCA) 15 March 2024
Prospectus (CBI) 15 March 2024
Prospectus (FCA) 18 October 2023
Prospectus (CBI) 18 October 2023
Prospectus (FCA) 04 May 2023
Prospectus (CBI) 04 May 2023
Supplement 17 October 2022
Supplement 01 June 2022
Prospectus 16 May 2022
Prospectus 07 December 2021
Supplement 08 October 2021
Supplement 17 September 2021
Supplement 06 May 2021
Supplement 04 March 2021
Prospectus 18 December 2020
Prospectus 09 November 2020
Prospectus 05 February 2020

Notices

Related Articles

insight

02 Sep 2025

Understanding Put-Selling Strategies

insight

04 Aug 2025

IncomeShares Strategy Update: Cash-Secured Put Plus Equity

insight

02 May 2025

What Investors Get Wrong About NAV Erosion in Options Income ETPs

insight

17 Mar 2025

How Have IncomeShares Covered Call Strategies Performed?

insight

13 Mar 2025

What a VIX Rise Means for Options Income Strategies

insight

18 Feb 2025

Assignment Risk Explained: What It Means for Options ETPs

insight

12 Feb 2025

Three Risks of Income Options ETPs

insight

07 Feb 2025

American vs European Options: What’s the Difference?

insight

02 Dec 2024

Intrinsic vs Extrinsic Value in Options: A Simple Guide

insight

27 Nov 2024

Understanding Withholding Tax Exemptions for Options ETPs

All Articles

This is a financial promotion for the purposes of s21 of the UK Financial Services and Markets Act 2000 (“FSMA”) which has been approved by Leela Capital Regulatory Solutions Limited (“LCRS”), authorised by the Financial Conduct Authority (FCA) (FRN 845185) for communication by Leverage Shares Management Company Limited as at 1st June 2025. LCRS is incorporated in England and Wales, company number 10161396, registered office 82 St John Street, London, EC1M 4JN

Please refer to the ETP Prospectus and Key Investor Information Document (“KIID”) before making any investment decisions.

Prospect Avenue, Clontarf, Dublin 3, Ireland and is Registered in Ireland under registration number 596207.

The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice. Leverage Shares Public Limited Company and the Arranger (together referred as “Income Shares”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information.

Opinions are current as of the publication date and are subject to change with market conditions.

Investing involves high risks, including potential loss of all your money. Investors should be aware that past performance is not a reliable indicator of future results. Forecasts are not a reliable indicator of future performance. Seek independent advice where necessary.

© Income Shares 2025