Symbols

LQD

iShares iBoxx USD Investment Grade Corporate Bond ETF·NYSE

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Key Stats

Assets Under Management

30.27BUSD

Fund Flows (1Y)

-236.01MUSD

Dividend Yield

4.48%

Discount/Premium to NAV

0.03%

Shares Outstanding

272.70M

Expense Ratio

0.14%

About iShares iBoxx USD Investment Grade Corporate Bond ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/239566/ishares-iboxx-investment-grade-corporate-bond-etf

Inception Date

Jul 22, 2002

Structure

Open-Ended Fund

Index Tracked

Markit iBoxx USD Liquid Investment Grade 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

LQD, given it was first to market in this space, is easily one of the most popular corporate bond ETFs. The ETF is notable for a broad portfolio of bonds from the Markit iBoxx USD Liquid Investment Grade Index, whose underlying liquidity may contribute tight tracking and subdued premiums / discounts. LQD differs from our benchmark in key ways. LQD only selects bonds that have at least three years to maturity, which gives it a longer weighted average maturity and increased interest rate risk. The fund is cheap to hold. In all, LQD offers liquid exposure to a somewhat-aggressive, yield-seeking basket of corporate bonds.