LQID

Issuer

Kurv

Inception

2026-05-12

Exchange

CBOE

CUSIP

500948104

Structure

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Benchmark

—

Leverage

1x

Reset

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LQID seeks enhanced income by combining short-term investment-grade bonds with an options-based yield overlay. Investments primarily consist of USD-denominated bonds, along with ETFs, MBS, ABS, derivatives, and other fixed-income securities issued by both US and foreign entities. To generate additional income, the fund writes short-term exchange-traded and OTC call and put options. These options are primarily written on fixed-income instruments such as bond ETFs, interest rate futures, swaps, and short-term rate products linked to benchmarks like US Treasuries and the federal funds rate. The typical maturities for these positions are under six months. The strategy also aims to manage capital gains distributions through low portfolio turnover and tax-loss harvesting. The fund holds cash, cash equivalents, or other short-term securities as collateral.

Reported net asset value

$24.80

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

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Average volume · 30D

7.8K

Shares outstanding

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Options

—

TTM distribution yield

2.2%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-21

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.45%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$45.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

2/5 · rule-based

Annualized volatility · 1Y

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Beta vs VOO · 1Y

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Maximum drawdown · 1Y

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Historical risk measures describe past behavior and do not predict future returns.