- What does LQID invest in?
- 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.
- What is the expense ratio of LQID?
- Kurv Enhanced Short Maturity ETF (LQID) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.
- What is LQID's dividend yield?
- LQID's trailing-twelve-month yield is 1.32%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of LQID?
- Effective duration measures LQID's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LQID's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of LQID?
- LQID's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of LQID?
- Yield to maturity (YTM) is the total return you'd earn from LQID if every bond in the portfolio is held to maturity at the current price. LQID's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
