# LEGR Bid-Ask Spread, Liquidity and NAV Premium

> As of Oct 22, 2026, LEGR’s median bid-ask spread over 30 days was 0.46%. A $10,000 order costs about $23 one way.

Data as of Oct 22, 2026. Rebuilt every trading night.

As of Oct 22, 2026. Rebuilt every trading night.

## LEGR bid-ask spread and liquidity

As of Oct 22, 2026, LEGR’s median bid-ask spread over 30 days was 0.46%.

### 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, 31.9 0.46% median spread, 30 days to Oct 22, 2026 Capacity Holdings can absorb up to $186,883 a day; part of the book has no volume figure Price fidelity Not measured: 15 days of closing premium are held, under the 20 needed Primary market, 45.0 2 active dealers of 22; largest 60% of creations and redemptions, N-CEN to Sep 30, 2024 Bad-day behaviour Not measured: 0 of the 10 worst days and 15 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 | $2.30 | 0.23% | spread |
| $10,000 | $23 | 0.23% | spread |

### Premium or discount to NAV

- Latest close, Oct 22, 2026: −0.35%

- 95% of days within: ±0.67%

- Days more than 1% from NAV: 0 of 15

- Widest: −0.67%, Oct 19, 2026

Close against the NAV its issuer struck the same day, 15 days from Sep 11, 2026 to Oct 22, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Its holdings can absorb up to $186,883 a day, measured on its own holdings, as of Oct 22, 2026. The holding that sets the limit is Westpac Banking Corporation (WEBNF), 1.22% of the fund.

### Dealers

2 active of 22 authorized participants; the largest did 60% of creations and redemptions, in the year to Sep 30, 2024 (Form N-CEN filed Dec 16, 2024).

The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (59.9%), J.P. Morgan Securities LLC (40.1%). 20 more were listed and created or redeemed nothing.

### How to trade LEGR

Order type Limit: midpoint + 15¢ to buy, midpoint − 15¢ to sell. At the Oct 22 close of $65.18, that’s $65.33 to buy and $65.03 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 Part of its book has no volume figure, so the room for a large order is an upper bound. Watch The premium. On 95% of days it is within ±0.67%; 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 LEGR’s bid-ask spread? 0.46% of the midpoint, the median over the 30 days to Oct 22, 2026, as its issuer states it. Half of it is about 15¢ a share at the Oct 22 close. Does LEGR trade at a premium or discount to NAV? It closed −0.35% from its NAV on Oct 22, 2026. On 95% of the 15 days to then it was within ±0.67%, and it closed more than 1% from NAV on 0 of them. Who is the AP for LEGR? LEGR’s latest Form N-CEN, for the period ending Sep 30, 2024, lists 22 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (59.9%), J.P. Morgan Securities LLC (40.1%) of the dollars its APs created and redeemed. Who is the LMM for LEGR? LEGR’s lead market maker (LMM) on Nasdaq is Susquehanna Securities, LLC. Lead market maker per Nasdaq, as of Oct 23, 2026. What does it cost to trade $10,000 of LEGR? About $23 one way, 0.23%: half its 30-day median spread. In and out costs twice that. How do I place a limit order for LEGR? Set the limit at the midpoint + 15¢ to buy, or the midpoint − 15¢ to sell, in your broker’s quote. At the Oct 22 close of $65.18, that’s $65.33 to buy and $65.03 to sell.

### Sources and dates

- Spread: First Trust (fund page), 30 days to Oct 22, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Sep 11, 2026 to Oct 22, 2026.

- Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Oct 22, 2026.

- Dealers: Form N-CEN, the year to Sep 30, 2024, accession 0001752724-24-283605.

### 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, LEGR trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/legr/trading/
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/legr/trading/