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Launched · SEC filings

Kurv Enhanced Short Maturity ETF

LQIDCboeKurvF

$24.79−0.01 (−0.02%)

As of Nov 2, 2026, 3:56 PM ET

F18/ 100

Rank 75 of 78 in Cash & Ultra-Short Income

F18/100Rank 75 of 78inCash & Ultra-Short Income
Intraday session: down, 78 prints from 24.79 to 24.79. Range 24.67 to 24.85. Use the arrow keys to read each point.24.7024.7524.8510 AM12 PM2 PM4 PM
Expense ratio
0.35%*
Fund size
$13M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
32
Avg volume · 30D
13.6K sh
52W range
low $24.75high $25.12
Launched
Filings
SEC EDGAR

*After a fee waiver that ends May 31, 2027. Without it: 0.45%.

The ETF.net LQID Grade

Based on 5 of 6 pillars

F

Score 18 out of 100

Category
Cash & Ultra-Short Income⁠
Rank
75 of 78
Six-pillar profile for LQID. Scores out of 100: Cost 6, Risk 32, Mission not scored, Tradability 14, Holdings 47, Durability 9. Strongest: Holdings (47). Weakest: Cost (6). Based on 5 of 6 pillars.

Score 18 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F6 out of 100
    Rank 72 of 78

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 75 of 75

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F14 out of 100
    Rank 74 of 78

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 52 of 77

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F9 out of 100
    Rank 76 of 78

Our read on LQID

ETF.net Research

In short

FAn active take on parked cash: it reaches past plain T-bills into short-maturity credit, including dollar-denominated foreign paper, seeking extra income. Fee is 0.35% net of a waiver through May 31, 2027 (0.45% gross).

Stated mandate

The Fund seeks current income. The issuer describes LQID as an enhanced fixed-income strategy intended for short-term liquid allocation and enhanced yield.

Why people hold it

  • Not an index clone. Managers can hold short-maturity credit and dollar-denominated foreign paper, not just Treasury bills. That reach is where the "enhanced" comes from.sec.gov
  • The 0.45% management fee is contractually cut to 0.35% net of a waiver through May 31, 2027, spelled out in the prospectus fee table rather than a marketing promise.sec.gov
  • Short maturities mean the book keeps rolling, so it resets toward prevailing short-term rates instead of sitting on older ones.sec.gov

Worth knowing

  • Cost runs above the category median, and the category's passive heavyweights run far leaner with no waiver propping them up: VBIL 0.06%, CLIP 0.07%, ICSH 0.08%.
  • The income reach comes from credit and foreign dollar-denominated issuers, so it carries risk pure T-bill funds don't, and payouts can include return of capital.sec.gov
  • It listed in 2026, making it one of the newest names in a group of long-established giants. Smaller, younger funds can trade with wider spreads.cboe.com

LQID Performance

Launched May 12, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
LQID$10,048
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. LQID $10,048. SPY $10,141. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LQID. Periods over one year show the average yearly return.
PeriodLQID
Year to dateFund launched this yearNo data
1 month+0.5%
3 months+0.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LQID
YearReturn barLQID
2026 YTD+1.2%

History from May 13, 2026

LQID in the news

LQID Dividends

Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. Jun 17, 2026 $0.11; Jul 22, 2026 $0.11; Aug 19, 2026 $0.11; Sep 16, 2026 $0.11; Oct 21, 2026 $0.11. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 22, 2026$0.11
Sep 16, 2026Sep 17, 2026$0.11
Aug 19, 2026Aug 20, 2026$0.11
Jul 22, 2026Jul 23, 2026$0.11
Jun 17, 2026Jun 18, 2026$0.11

LQID Risk

Risk pillarD32 out of 100Rank 75 of 75 in Cash & Ultra-Short Income
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LQID Cost

Compare LQID and XHLF

Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LQID 0.35%

    $7,126

  • XHLF 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • LQID 0.35%
  • XHLF 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530LQID $7,126XHLF $638

Year by year

YearLQIDXHLFOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488
How the 0.35% is worked out

Full fee 0.45%− waiver 0.10%= you pay 0.35%

The waiver ends May 31, 2027. After that the fee is 0.45% unless Kurv renews it. Source: prospectus, May 2026.

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