# XDEF Bid-Ask Spread, Liquidity and NAV Premium

> As of Oct 22, 2026, XDEF closed +1.17% from its NAV, and on 95% of the 12 days to then it was within ±1.48%. No fund is recommended.

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

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

## XDEF bid-ask spread and liquidity

As of Oct 22, 2026, XDEF closed +1.17% from its NAV, and on 95% of the 12 days to then it was within ±1.48%.

### IQ Liquidity Score

Not scored, 0 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: 24.5% of its long weight could be measured; the largest part not measured is foreign Price fidelity Not measured: 12 days of closing premium are held, under the 20 needed Primary market Not measured: it first traded on 2026-02-19, and no N-CEN ETF row for series S000100754 is in the quarters read (2024q4 to 2026q3) Bad-day behaviour Not measured: 0 of the 10 worst days and 12 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: +1.17%

- 95% of days within: ±1.48%

- Days more than 1% from NAV: 2 of 12

- Widest: +1.48%, Oct 8, 2026

Close against the NAV its issuer struck the same day, 12 days from Oct 6, 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: 24.5% of its long weight could be measured; the largest part not measured is foreign.

### How to trade XDEF

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 ±1.48%; 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 XDEF trade at a premium or discount to NAV? It closed +1.17% from its NAV on Oct 22, 2026. On 95% of the 12 days to then it was within ±1.48%, and it closed more than 1% from NAV on 2 of them. Who is the LMM for XDEF? XDEF’s lead market maker (LMM) on Nasdaq is Old Mission Capital LLC. Lead market maker per Nasdaq, as of Oct 23, 2026.

### Sources and dates

- Premium: ETFIQ, close against the issuer’s NAV, Oct 6, 2026 to Oct 22, 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, XDEF trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/xdef/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/xdef/trading/