Highlights

  • LQD targets US dollar Investment grade corporate bonds.
  • The published expense ratio is 0.14%.
  • The fund's distribution frequency is monthly.

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE Arca:LQD) seeks exposure to US dollar investment grade corporate bonds. With net asset value of USD 103.88 per share as of 2 November 2026, the fund reported net Assets of USD 32,087,662,865 as of 2 November 2026. Its investment approach centres on tracking the iBoxx USD Liquid Investment Grade Index.

Credit Quality and Duration Address Different Risks

Investment grade describes the Credit classification of the underlying debt. It does not establish that bond prices will remain stable. Corporate bonds also respond to movements in government yields and the additional Yield investors Demand for credit exposure. Longer dated cash flows can be particularly sensitive to changes in discount rates, so a portfolio's duration matters separately from its credit quality.

Portfolio Composition and Exposure

LQD reported 3,200 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Banking at 22.54% and Other at 13.18%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Effective duration was 7.64 years as of 2 November 2026, while weighted average Maturity was 12.68 years as of 2 November 2026. Duration indicates sensitivity to Interest Rate changes; maturity describes the timing of principal repayments. These measures address different features of a bond portfolio.

Fees and Distribution Policy

LQD lists an expense ratio of 0.14%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is monthly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Rising yields, wider credit spreads and issuer downgrades can reduce bond values. An investment grade rating remains an assessment of credit quality and can change with an issuer's finances. LQD combines investment grade corporate exposure with meaningful rate sensitivity, so credit classifications and duration need separate attention when interpreting the portfolio.