Symbols

LQDB

iShares BBB Rated Corporate Bond ETF·NYSE

--(--)

Key Stats

Assets Under Management

48.02MUSD

Fund Flows (1Y)

4.43MUSD

Dividend Yield

4.62%

Discount/Premium to NAV

0.08%

Shares Outstanding

550.00K

Expense Ratio

0.15%

About iShares BBB Rated Corporate Bond ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/318688/ishares-bbb-rated-corporate-bond-etf

Inception Date

May 18, 2021

Structure

Open-Ended Fund

Index Tracked

iBoxx USD Liquid Investment Grade BBB 0+ 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

LQDB targets a specific segment of the investment grade universe, only selecting those rated BBB during the fund's monthly rebalance. The fund is passively managed, and tracks an index composed of USD denominated bonds issued by US and non-US corporations within developed markets. There are no restrictions regarding maturity, but eligible bonds must have at least one year to maturity to be included in the index. Also, due to its narrow exposure, bonds that no longer satisfy all the criteria are removed at month-end and will not be eligible for re-entry within the next three months. Weighting for each constituent is based on market-value, and is capped at 3% per issuer.