Fixed Income

LQDI

iShares Inflation Hedged Corporate Bond ETF ACTIVE

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
8.47 - - - 7.69
8.87 7.07 6.50 5.52 5.91
Market Price (%) (LQDI) 8.42 - - - 7.77
Market Price (%) Underlying Fund (LQD) 8.87 7.07 6.48 5.48 5.90
Benchmark (%) (LQDI) 9.23 - - - 8.73
Benchmark (%) Underlying Fund (LQD) 8.99 7.18 6.68 5.69 6.14
After Tax Pre-Liq. (%) (LQDI) 7.23 - - - 6.31
After Tax Pre-Liq. (%) Underlying Fund (LQD) 7.55 5.62 5.03 4.00 4.22
After Tax Post-Liq. (%) (LQDI) 4.97 - - - 5.29
After Tax Post-Liq. (%) Underlying Fund (LQD) 5.22 4.77 4.34 3.61 3.92
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.82 -1.19 4.72 18.94 8.47 - - - 19.46
7.45 -0.31 1.31 11.05 8.87 22.73 36.98 71.17 184.06
Market Price (%) (LQDI) 5.48 -0.70 4.71 16.01 8.42 - - - 19.67
Market Price (%) Underlying Fund (LQD) 7.34 -0.44 0.80 10.41 8.87 22.73 36.89 70.52 183.74
Benchmark (%) (LQDI) 5.58 -0.68 5.67 19.64 9.23 - - - 22.21
Benchmark (%) Underlying Fund (LQD) 7.53 -0.33 1.33 11.13 8.99 23.12 38.20 73.97 195.61
After Tax Pre-Liq. (%) (LQDI) 4.06 -1.27 4.47 18.33 7.23 - - - 15.82
After Tax Pre-Liq. (%) Underlying Fund (LQD) 6.60 -0.40 1.04 10.41 7.55 17.81 27.79 48.03 112.07
After Tax Post-Liq. (%) (LQDI) 2.83 -0.71 2.79 11.19 4.97 - - - 13.16
After Tax Post-Liq. (%) Underlying Fund (LQD) 4.39 -0.18 0.78 6.53 5.22 15.00 23.65 42.53 101.45
  2015 2016 2017 2018 2019
Total Return (%) (LQDI) - - - - 16.73
Total Return (%) Underlying Fund (LQD) -1.08 5.97 7.16 -3.76 17.13
Market Price (%) (LQDI) - - - - 15.91
Market Price (%) Underlying Fund (LQD) -1.24 6.21 7.00 -3.74 17.33
Benchmark (%) (LQDI) - - - - 17.01
Benchmark (%) Underlying Fund (LQD) -0.74 6.37 7.29 -3.67 17.27
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of Oct 19, 2020 $18,148,956
Inception Date May 08, 2018
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index iBoxx USD Liquid Investment Grade Inflation Hedged Index
Bloomberg Index Ticker IBXXIILS
Shares Outstanding as of Oct 19, 2020 650,000
Premium/Discount as of Oct 16, 2020 0.04%
CUSIP 46431W580
Closing Price as of Oct 16, 2020 28.01
Options Available No
30 Day Avg. Volume as of Oct 16, 2020 2,228.00
30 Day Median Bid/Ask Spread as of Oct 16, 2020 0.43%
Daily Volume as of Oct 16, 2020 364.00

Portfolio Characteristics

Portfolio Characteristics

LQDI LQD
LQDI LQD
Number of Holdings as of Oct 16, 2020 1 2,344
Equity Beta (3y) as of - - 0.21
30 Day SEC Yield as of Oct 16, 2020 2.65% 2.02%
Average Yield to Maturity as of Oct 16, 2020 2.00% 2.10%
Standard Deviation (3y) as of - - 7.45%
12m Trailing Yield as of Oct 16, 2020 2.63% 2.86%
Unsubsidized 30-Day SEC Yield as of Oct 16, 2020 2.50%
Modified Duration to Worst as of Oct 16, 2020 9.66 9.62
Effective Duration as of Oct 16, 2020 9.63 yrs 9.59 yrs
Weighted Avg Maturity as of Oct 16, 2020 12.49 yrs 13.66 yrs
Convexity as of Oct 16, 2020 1.56 1.56
Option Adjusted Spread as of Oct 16, 2020 120 131
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

ESG metrics help investors evaluate companies based on environmental, social, and governance risks and opportunities — and the companies’ ability to manage them. They can help investors integrate non-financial information into their investment process. Learn more.

MSCI ESG Rating as of Oct 01, 2020 BBB
MSCI ESG Quality Score as of Oct 01, 2020 5.3
MSCI ESG Quality Score - Peer Percentile as of Oct 01, 2020 2.67%
MSCI ESG % Coverage as of Oct 01, 2020 93.54%
Fund Lipper Global Classification as of Oct 01, 2020 Bond USD Inflation Linked
MSCI Weighted Average Carbon Intensity
(Tons CO2E/$M SALES) as of Oct 01, 2020
145.24
Fund Lipper Global Classification Size as of Oct 01, 2020 75
All data is from MSCI ESG Fund Ratings as of Oct 01, 2020, based on holdings as of Jul 31, 2020.

For newly launched funds, sustainability characteristics are typically available 6 months after launch.

 

Sustainability Characteristics are displayed for funds included in the MSCI ESG Fund Ratings. To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Fees

Fees

as of current prospectus
Management Fee 0.20%
Acquired Fund Fees and Expenses 0.14%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.34%
Fee Waivers 0.15%
Net Expense Ratio 0.19%

Holdings

Holdings

Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency
Holdings are subject to change. * Where the fund holds futures or swaps, initial margin is reflected in the Cash Collateral USD UBSFT account. The daily variation margin is included in the fund’s USD Cash, and/or Money Market accounts. Both the USD Cash and Money Market accounts may also hold cash from normal portfolio activities.

Exposure Breakdowns

Exposure Breakdowns

as of Oct 16, 2020

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Oct 16, 2020

% of Market Value

Type Fund
as of Oct 16, 2020

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Price Yield Calculator

Price Yield Calculator

The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's "Weighted Avg YTM For more information on Aggregate Cash Flow Yield, see info here.

As of 10/16/20
Price $28.01
Modified Duration -

Results generated are for illustrative purposes only and are not representative of any specific investments outcome. For standardized performance, please click the ‘returns’ tab above.

Literature

Literature

 

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