# ABLG Bid-Ask Spread, Liquidity and NAV Premium > ABLG trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated. Data as of Oct 10, 2024. Rebuilt every trading night. As of Oct 10, 2024. Rebuilt every trading night. ## ABLG bid-ask spread and liquidity In the year to Jul 31, 2024, 2 of ABLG’s 2 authorized participants created or redeemed shares. ### IQ Liquidity Score Not scored, 1 of 6 measured. A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: 49.6% of its long weight could be measured; the largest part not measured is foreign Price fidelity Not measured: no closing premium is held for this fund Primary market, 45.0 2 active dealers of 2; largest 66% of creations and redemptions, N-CEN to Jul 31, 2024 Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) ### Capacity Not measured: 49.6% of its long weight could be measured; the largest part not measured is foreign. ### Dealers 2 active of 2 authorized participants; the largest did 66% of creations and redemptions, in the year to Jul 31, 2024 (Form N-CEN filed Oct 10, 2024). The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (66.4%), J.P. Morgan Securities LLC (33.6%). ### How to trade ABLG When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. ### What retail orders paid ABLG ranked 616th of 628 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.0000% of the market-order dollars in 3 retail brokers’ reports. Retail activity ranking ### Where it trades In Q2 2026, 74% of ABLG’s shares traded off exchange on the median day. Odd lots, under 100 shares, were 9.1% of its exchange volume. ### Coming with trade data Spread through the day, buyers against sellers, large trades and the closing auction’s share, each once ETFIQ has trade and quote data. ### Questions people ask Who is the AP for ABLG? ABLG’s latest Form N-CEN, for the period ending Jul 31, 2024, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (66.4%), J.P. Morgan Securities LLC (33.6%) of the dollars its APs created and redeemed. Who is the LMM for ABLG? ABLG’s lead market maker (LMM) on Cboe BZX is GTS Securities LLC. Lead market maker per Cboe BZX, as of Nov 1, 2026. ### Sources and dates - Dealers: Form N-CEN, the year to Jul 31, 2024, accession 0001145549-24-063756. - Retail orders: SEC Rule 605 reports, Sep 2026, from Charles Schwab, G1 Execution Services, Fidelity Brokerage Services, Robinhood, HRT Financial, Jane Street Capital, Vanguard. Computed by ETFIQ. Citadel Securities refused ETFIQ’s request, so its orders are not counted. - Where it trades: SEC MIDAS, Q2 2026, against the fund’s daily volume from Tiingo. ### Where to next The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources --- Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices. Cite: ETFIQ, ABLG trading: cost, capacity, premium and dealers, data as of Oct 10, 2024. https://etfiq.com/funds/ablg/trading/ Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms. HTML: https://etfiq.com/funds/ablg/trading/