LQD

iShares iBoxx Invest. Grade Corp Bond

iShares iBoxx $ Investment Grade Corporate Bond ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds.


3.9%

Current Yield

9.0 years

Macaulay Duration

3.5%

Yield to Maturity

A3

Median Quality

3.2%

ALTAR Score™
 
Fund Basics
Fund sponsorBlackRock Fund Advisors
CategoryCorporate
Asset classFixed Income
Websitelink...
Inception dateJul 26, 2002
Assets (mns)$33,564
Expense ratio15 bp
Constituent Breakdown
No. of constituents2,004
No. of distinct issuers480
Coverage98%
Fixed/floating rate94% / 6%
Investment grade96%
Inflation protected0%
Non-standard maturity (callable, etc.)61%
Fund Structure
RegulationOpen-End Investment Company
DistributionsMonthly
Taxation1099
Bond selection
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
GE CAPITAL INTERNATIONAL FUNDING CO. 4.4 0.4 %
CVS HEALTH CORPORATION 4.3% 25-MAR-2028 0.3 %
ANHEUSER-BUSCH COS. LLC 4.9% 01-FEB-2046 0.3 %
VERIZON COMMUNICATIONS INC. 4.329% 21-SE 0.3 %
GOLDMAN SACHS GROUP, INC. 6.75% 01-OCT-2 0.2 %
CVS HEALTH CORPORATION 3.7% 09-MAR-2023 0.2 %
CVS HEALTH CORPORATION 5.05% 25-MAR-2048 0.2 %
ANHEUSER-BUSCH COS. LLC 3.65% 01-FEB-202 0.2 %
CVS HEALTH CORPORATION 4.1% 25-MAR-2025 0.2 %
VERIZON COMMUNICATIONS INC. 4.522% 15-SE 0.2 %
Issuer Type Breakdown
Top Issuers
MORGAN STANLEY 1.9 %
COMCAST CORPORATION 1.9 %
BANK OF AMERICA CORPORATION 1.9 %
JPMORGAN CHASE & CO. 1.8 %
AT&T INC. 1.8 %
Historical Performance


Standardized Annual Returns (as of 05/31/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
8.4% 8.5% 3.7% 3.8% 3.6% 6.1% 5.6%
Market Correlations
versus...BetaR-squared
S&P 5000.062%
MSCI EAFE0.127%
MSCI Emg Mkts0.1517%
Liquidity Measures
Avg. volume (000)9,536
Turnover0.0%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$0
Technical Indicators
Recent close$121.83
30d moving avg.$120.07
Annualized volatility4.9%
Relative strength (RSI)75
Short interest (ETF)9.6%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  LQD Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Credit Quality
Duration
Macaulay Duration
SHORT
MED.
LONG TERM

9.0 yrs


Modified Duration
  ◁ INSENSITIVE
EXTREMELY SENSITIVE ▷  

8.8%


Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates

Interest Rate Sensitivity Analysis
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Content on this tab for Individual & Professional subscribers only

Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.


ALTAR Score™

LQD

3.2%

Cat. Avg

2.6%

Fund Category: Corporate

Adj. Yield to Maturity-- bp
Less: Annual "default factor"-- bp
Less: Expenses15 bp
Equals: ALTAR Score™3.2%
ALTAR Score™ vs. Duration (Corporate Bond ETFs)

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Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Where to Trade LQD
Commission
on LQD1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$0.00 500
$0.00 357
$1.00 54
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.