ETF Evaluator:
Kurv Enhanced Short Maturity ETF (LQID)
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(as of Sep 03)
Best Performing in Ultrashort Bond Over the Last Year
| 6.2% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 5.8% | Simplify Treasury Option Income ETF (BUCK) |
| 5.7% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 5.3% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.3% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
Risk
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ETF Details
Kurv Enhanced Short Maturity ETF Overview
Kurv Enhanced Short Maturity ETF (LQID) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). Kurv Investment Management LLC launched the ETF in 2026.
The investment seeks to provide monthly income.
The fund is an actively managed exchange-traded fund (“ETF”). Its investment adviser seeks to fulfill the fund’s investment objective by using two income strategies: (1) an interest income strategy and (2) an income-generating option strategy on fixed income instruments. The fund will be investing in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.
About Kurv Enhanced Short Maturity ETF (LQID)
There are 1 members of the management team with an average tenure of 0.22 years: Dominique Tersin (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Kurv Enhanced Short Maturity ETF has 14 securities in its portfolio. The top 10 holdings constitute 99.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Kurv Enhanced Short Maturity ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Kurv Enhanced Short Maturity ETF has 14.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 43.5% (29.2% domestic bond, 14.3% foreign bond and 0.0% convertible bond). Kurv Enhanced Short Maturity ETF has 56.3% of the portfolio in cash.
Assets Under Management
The fund has $9 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LQID Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Kurv Enhanced Short Maturity ETF expense ratio is below average compared to funds in the Ultrashort Bond category. Kurv Enhanced Short Maturity ETF has an expense ratio of 0.35%, which is 59% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Kurv Enhanced Short Maturity ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, Kurv Enhanced Short Maturity ETF returned 0.3%, which earned it a grade of C, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Kurv Enhanced Short Maturity ETF has a trailing yield of 0.00%, which is below the 4.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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LQID Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LQID Return (NAV) | 0.3% | na | na | na | na | na |
| LQID Return (Price) | 0.3% | na | na | na | na | na |
| NAV +/- Price Return | 0.001% | na | na | na | na | na |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| LQID Grade (NAV) | C | na | na | na | na | na |
| +/- Category (NAV) | 0.0% | na | na | na | na | na |
| LQID Tax-Cost Ratio | na | na | na | na | na | na |
LQID Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LQID Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| LQID Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| LQID Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 10 Mil |
| Share Class Assets: | $ 10 Mil |
| Turnover: | na |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Tersin Dominique (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 14 |
| % in Top 10 Holdings: | 99.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 29.2% |
| Foreign Bond: | 14.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 56.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Kurv Investment Management LLC |
| Phone Number: | 888-719-5878 |
| Website: | |
| Inception Date: | May 12, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.22% |
