# VGK Bid-Ask Spread, Liquidity and NAV Premium > As of Oct 22, 2026, VGK closed −0.07% from its NAV, and on 95% of the 6 days to then it was within ±0.21%. No fund is recommended. Data as of Oct 22, 2026. Rebuilt every trading night. As of Oct 22, 2026. Rebuilt every trading night. ## VGK bid-ask spread and liquidity As of Oct 22, 2026, VGK closed −0.07% from its NAV, and on 95% of the 6 days to then it was within ±0.21%. ### 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: 40.2% of its long weight could be measured; the largest part not measured is foreign Price fidelity Not measured: 6 days of closing premium are held, under the 20 needed Primary market, 85.0 8 active dealers of 35; largest 53% of creations and redemptions, N-CEN to Oct 31, 2025 Bad-day behaviour Not measured: 0 of the 10 worst days and 6 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2) ### Premium or discount to NAV - Latest close, Oct 22, 2026: −0.07% - 95% of days within: ±0.21% - Days more than 1% from NAV: 0 of 6 - Widest: −0.21%, Oct 16, 2026 Close against the NAV its issuer struck the same day, 6 days from Sep 11, 2026 to Oct 22, 2026. Source: ETFIQ from the issuer’s NAV and closing price. Its holdings trade on markets that close before New York, so its closing premium carries the move since then. ### Capacity Not measured: 40.2% of its long weight could be measured; the largest part not measured is foreign. ### Dealers 8 active of 35 authorized participants; the largest did 53% of creations and redemptions, in the year to Oct 31, 2025 (Form N-CEN filed Jan 12, 2026). The active authorized participants, largest first, by share of the dollars created and redeemed: Merrill Lynch, Pierce, Fenner and Smith Incorporated (53.0%), Jane Street Capital, LLC (31.6%), UBS Securities LLC (8.2%), Goldman Sachs & Co. LLC (3.3%), Virtu Americas LLC (2.1%), Morgan Stanley & Co. LLC (1.2%), Mizuho Securities USA LLC (0.4%), J.P. Morgan Securities LLC (0.2%). 27 more were listed and created or redeemed nothing. ### How to trade VGK When Its holdings trade on markets that close before New York, so its price can drift from their value later in the day. Watch The premium. On 95% of days it is within ±0.21%; 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 Does VGK trade at a premium or discount to NAV? It closed −0.07% from its NAV on Oct 22, 2026. On 95% of the 6 days to then it was within ±0.21%, and it closed more than 1% from NAV on 0 of them. Who is the AP for VGK? VGK’s latest Form N-CEN, for the period ending Oct 31, 2025, lists 35 authorized participants (APs), and 8 created or redeemed shares. The largest were Merrill Lynch, Pierce, Fenner and Smith Incorporated (53.0%), Jane Street Capital, LLC (31.6%), UBS Securities LLC (8.2%) of the dollars its APs created and redeemed. Who is the LMM for VGK? VGK’s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026. ### Sources and dates - Premium: ETFIQ, close against the issuer’s NAV, Sep 11, 2026 to Oct 22, 2026. - Dealers: Form N-CEN, the year to Oct 31, 2025, accession 0000857489-26-000003. ### 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, VGK trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/vgk/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/vgk/trading/