IQ
LCTO
Kurv U.S. Large Cap TaxOptimized ETF
Category AllocationIssuer KurvNet assets $495,536Fee 0.70%

LCTO bid-ask spread and liquidity

See what LCTO costs to trade and how closely it tracks its value.

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Not scored

IQ Liquidity Score

· 2 of 6 measured · Nov 11, 2026
$18
one way, a $10,000 order
$6.2m
its holdings can absorb a day
−0.04%
latest close, Nov 11
±0.08%
95% of days within
0 · Hard to trade100 · Trades like a giant

How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →

Cost to trade
0.36% median spread, 30 days to Nov 11, 2026
37.2
Capacity
Holdings can absorb $6.2m a day, Nov 11, 2026
26.5
Price fidelity
Not measured · 4 days of closing premium are held, under the 20 needed
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Primary market
Not measured · it first traded on 2026-07-07, and no N-CEN ETF row for series S000085344 is in the quarters read (2024q4 to 2026q3)
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Bad-day behaviour
Not measured · 0 of the 10 worst days and 4 other days are held, under the 5 and 60 needed
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Depth
Not measured · needs trade and quote data
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Capacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →

LCTO is not scored: its spread is not read, so it has no point on this chart. 17 scored Allocation ETFs are plotted for comparison, Nov 12, 2026.

Spread against score

LCTO among Allocation ETFs

Cheaper to trade sits left, easier to trade sits up.

17 scored
Hard to tradeThinLiquid with careLiquidTrades like a giantNov 12, 2026

What a trade costs

One way, half its 30-day median spread; sizes above $10,000 are estimates
LCTO: cost for your order at each size, one way
OrderDollarsPercentBasis
$1,000$1.800.18%spread
$10,000$180.18%spread
$100,000$2980.30%estimate
$1,000,000$5,5280.55%estimate
Spread 0.36%, the median over the 30 days to Nov 11, 2026. A round trip costs twice this. Above $10,000 it adds an estimate of price impact.
Premium or discount to valueDaily, 4 days to Nov 11, 2026 · the ±1% band marked

Above zero: a premium. Below: a discount.

LCTO premium or discount to NAV, 4 days+1%0−1%Nov 6, 2026Nov 11, 2026
Latest close, Nov 11
−0.04%
95% of days within
±0.08%
Days more than 1% from NAV
0 of 4
Widest
+0.08%, Nov 6, 2026
CapacityWhat its holdings making up 95% of the weight can absorb a day, at 10% of each one’s volume
Holdings can absorb
$6.2m

LCTO’s holdings can absorb $6.2m a day, measured on its own holdings, as of Nov 11, 2026. A $1m order is 16.04% of a day’s capacity.

The holding that sets the limit: PIMCO Short Term Municipal Bon (SMMU), 16.77% of the fund, $11m a day traded, the median of 20 days to Nov 11, 2026.

How to place the order

To buy or to sell, up to $100,000
Order type
Limit: midpoint + 5¢ to buy, midpoint − 5¢ to sell.At the Nov 11 close of $24.77, that’s $24.82 to buy and $24.72 to sell.
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
Size
Up to $62,350 is 1% of what its holdings can absorb in a day, for a buy or a sell.
Watch
The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
Why low volume does not mean illiquid →Limit orders vs market orders for ETFs →
Not measured yet: these need trade data
Spread through the day

Median spread by half hour, 30 days.

Buyers against sellers

Volume bought at the ask against volume sold at the bid.

Retail flow, estimated

Trades priced in fractions of a cent, a sign of retail orders.

Large trades

Trades above $500k: how many, and their share of volume.

Closing auction

Share of the day’s volume at the close.

Questions people ask

What is LCTO’s bid-ask spread?

0.36% of the midpoint, the median over the 30 days to Nov 11, 2026, as its issuer states it. Half of it is about 5¢ a share at the Nov 11 close.

Does LCTO trade at a premium or discount to NAV?

It closed −0.04% from its NAV on Nov 11, 2026. On 95% of the 4 days to then it was within ±0.08%, and it closed more than 1% from NAV on 0 of them.

Who is the LMM for LCTO?

LCTO’s lead market maker (LMM) on Cboe BZX is Wolverine Trading, LLC. Lead market maker per Cboe BZX, as of Nov 9, 2026.

What does it cost to trade $10,000 of LCTO?

About $18 one way, 0.18%: half its 30-day median spread. In and out costs twice that.

How do I place a limit order for LCTO?

Set the limit at the midpoint + 5¢ to buy, or the midpoint − 5¢ to sell, in your broker’s quote. At the Nov 11 close of $24.77, that’s $24.82 to buy and $24.72 to sell.
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →LCTO fund page→
Sources and dates
SpreadKurv (fund page), 30-day median · to Nov 11, 2026
Premium to NAVETFIQ, close against the issuer’s NAV · Nov 6, 2026 to Nov 11, 2026
CapacityETFIQ, each holding’s 20-day median dollar volume · to Nov 11, 2026

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.

Cite this pageCitation, APA and Markdown

ETFIQ, LCTO trading: cost, capacity, premium and dealers, data as of Nov 11, 2026. https://etfiq.com/funds/lcto/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.