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LQID

GradeFChicago Board Options Exchange

Kurv Enhanced Short Maturity ETF

Treasury & Government Bond · Kurv · Inception 2026-05-11

$24.78−0.03 (−0.10%)

As of Sep 23, 2026, 1:36 PM EDT

History starts May 13, 2026.History starts May 13, 2026.History starts May 13, 2026.
Intraday session: down, 16 prints from 24.80 to 24.78. Range 24.78 to 24.80. Use the arrow keys to read each point.$24.79$24.79$24.80$24.8010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$14M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$24.81
52W range
low $24.77high $25.12

The ETF.net LQID Grade

F

18/ 100

Rank 75 of 78 in Cash & Ultra-Short Income⁠

Confidence Medium

Six-pillar profile for LQID. Scores out of 100: Cost 5, Risk 39, Mission not scored, Tradability 11, Holdings 44, Durability 10. Strongest: Holdings (44). Weakest: Cost (5). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 18 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 5
    Category rank74/78 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank69/75 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 11
    Category rank73/78 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank56/77 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 10
    Category rank74/78 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on LQID

ETF.net Research

FMost funds in the ultra-short Treasury aisle just hold bills. LQID is actively managed and runs two income engines: interest from short-maturity bonds, plus an options-writing overlay, with duration kept short by design.

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

  1. 01Two income engines instead of one: an interest income strategy across a diversified short-maturity bond portfolio, plus an income-generating option strategy on fixed income instruments.sec.gov
  2. 02The prospectus keeps the clock short: average portfolio duration normally no more than two years, average maturity normally not expected to exceed three.sec.gov
  3. 03Actively managed by Kurv, a shop founded by PIMCO and Goldman Sachs alumni, and structured to seek monthly income rather than price appreciation.businesswire.com

Worth knowing

  1. 01The active overlay costs: 0.45% a year, versus a roughly 0.19% median in its cohort, where the highest-ranked options (VBIL, CLIP, ICSH) charge under a tenth of a percent.
  2. 02Launched in 2026, so there is little history to judge, and it is still a small, lightly traded fund, which can mean wider bid-ask spreads.
  3. 03Distributions can include return of capital, meaning part of a payout may be your own principal coming back rather than earned income.

LQID Holdings

As of Sep 20, 2026, 9:16 AM
Asset class
Bonds
Holdings
—
Top-10 weight
86%
Largest holding
CLOA15.1%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CLOAiShares AAA CLO Active ETF15.11%39,710$2M1
002ICSHiShares Ultra Short Duration Bond Active ETF15.04%40,700$2M2
003912797TC1United States Treasury Bill 12/24/202614.50%2,000,000$2M27
004912797UD7United States Treasury Bill 03/18/202714.36%2,000,000$2M31
005VUSBVanguard Ultra Short Bond ETF10.01%27,555$1M1
006IBHGiShares iBonds 2027 Term High Yield and Income ETF9.92%61,985$1M2
00717325FBC1Citibank NA 5.488% 12/04/20261.84%250,000$250K2
00848125LRU8JPMorgan Chase Bank NA 5.11% 12/08/20261.84%250,000$250K3
009345397G72Ford Motor Credit Co LLC 5.918% 03/20/20281.47%200,000$201K7
01083368TAG3Societe Generale SA 4% 01/12/20271.46%200,000$200K2
01106738EAU9Barclays PLC 4.337% 01/10/20281.46%200,000$198K9
012H4209UAC0UBS Group AG 4.253% 03/23/20281.45%200,000$198K2
01304686E4Y5Athene Global Funding 4.83% 05/09/20281.45%200,000$198K1
014J5S39RAQ7NTT Finance Corp 4.62% 07/16/20281.45%200,000$198K1
01505964HAF2Banco Santander SA 3.8% 02/23/20281.44%200,000$197K8

Showing 1–15 of 22 holdings

LQID Performance

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

LQID$10,056
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. LQID $10,056. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 year—
1 month−0.0%
3 months+0.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+0.9%

History from May 13, 2026

LQID in the news

ETF.net Research hasn’t filed on LQID yet — coverage lands here as it’s written.

LQID Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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. 4 payments in 2026 YTD. Jun 17, 2026 $0.11; Jul 22, 2026 $0.11; Aug 19, 2026 $0.11; Sep 16, 2026 $0.11. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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

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.

LQID Cost

Expense ratio0.45%
  • The middle half of Cash & Ultra-Short Income funds
  • Median 0.19%

72 of the 77 Cash & Ultra-Short Income funds charge less.

LQID costs $45.00 a year on $10,000. The median Cash & Ultra-Short Income fund costs $19.00.