# LCTO Bid-Ask Spread, Liquidity and NAV Premium

> As of Nov 11, 2026, LCTO’s median bid-ask spread over 30 days was 0.36%. A $10,000 order costs about $18 one way.

Data as of Nov 11, 2026. Rebuilt every trading night.

As of Nov 11, 2026. Rebuilt every trading night.

## LCTO bid-ask spread and liquidity

As of Nov 11, 2026, LCTO’s median bid-ask spread over 30 days was 0.36%.

### IQ Liquidity Score

Not scored, 2 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, 37.2 0.36% median spread, 30 days to Nov 11, 2026 Capacity, 26.5 Holdings can absorb $6.2m a day, Nov 11, 2026 Price fidelity Not measured: 4 days of closing premium are held, under the 20 needed 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) Bad-day behaviour Not measured: 0 of the 10 worst days and 4 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2)

### Cost for your order

| Order | Dollars | Percent | Basis |
| --- | --- | --- | --- |
| $1,000 | $1.80 | 0.18% | spread |
| $10,000 | $18 | 0.18% | spread |
| $100,000 | $298 | 0.30% | estimate |
| $1,000,000 | $5,528 | 0.55% | estimate |

### Premium or discount to NAV

- Latest close, Nov 11, 2026: −0.04%

- 95% of days within: ±0.08%

- Days more than 1% from NAV: 0 of 4

- Widest: +0.08%, Nov 6, 2026

Close against the NAV its issuer struck the same day, 4 days from Nov 6, 2026 to Nov 11, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Its holdings can absorb $6.2m a day, measured on its own holdings, as of Nov 11, 2026. The holding that sets the limit is PIMCO Short Term Municipal Bon (SMMU), 16.77% of the fund.

### How to trade LCTO

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 minutes before the close. ETFIQ measures this fund’s own day once it has trade data. 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. On 95% of days it is within ±0.08%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.

### Coming with trade data

Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction’s share, each once ETFIQ has trade and quote data.

### 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.

### Sources and dates

- Spread: Kurv (fund page), 30 days to Nov 11, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Nov 6, 2026 to Nov 11, 2026.

- Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Nov 11, 2026.

### 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

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, LCTO trading: cost, capacity, premium and dealers, data as of Nov 11, 2026. https://etfiq.com/funds/lcto/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/lcto/trading/