LQDH
iShares Interest Rate Hedged Corporate Bond ETF·ARCA
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Key Stats
Assets Under Management
509.00MUSD
Fund Flows (1Y)
159.84MUSD
Dividend Yield
6.07%
Discount/Premium to NAV
-0.03%
Shares Outstanding
5.45M
Expense Ratio
0.24%
About iShares Interest Rate Hedged Corporate Bond ETF
Issuer
BlackRock Fund Advisors
Brand
iShares
Inception Date
May 27, 2014
Structure
Open-Ended Fund
Index Tracked
BlackRock Interest Rate Hedged Corporate Bond Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
LQDH tracks an index that primarily takes a long position in iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and shorts Treasury futures to achieve a net-zero portfolio duration. This strategy aims to capture only the credit spread without interest-rate risk, although precise duration hedging is hard to implement in the real world. For reference, LQD consists of USD denominated, investment-grade corporate bonds, weighted by market value and rebalanced monthly. Prior to Dec. 1, 2021, the fund is actively-managed holding the ETF LQD and using the same strategy of hedging interest rate risk.
Classification
Asset Class
Fixed Income
Category
Corporate, Broad-based
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Duration Hedged
Geography
U.S.
Weighting Scheme
Fixed
Selection Criteria
Fixed
Analysis
Asset
No data available
Holdings
Symbol
Ratio
LQD
iShares iBoxx USD Investment Grade Corporate Bond ETF
94.35%
BLK CSH FND TREASURY SL AGENCY
5.76%
SWP
1.84%
SWP
1.65%
SWP
1.39%
SWP
1.38%
Symbol
Ratio
SWP
1.28%
SWP
0.64%
SWP
0.64%
SWP
0.46%
Top 10 Weight 109.39%
10 Total Holdings
See all holdings
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