Highlights

  • Exposure focus: US dollar Investment grade corporate debt.
  • Official net Assets were USD 31,947,688,691 as at 4 November 2026.
  • The listed net annual expense ratio is 0.14%.
  • Its reference measure is iBoxx USD Liquid Investment Grade Index.

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) focuses on US dollar-denominated investment-grade corporate bonds through the iBoxx USD Liquid Investment Grade Index. Corporate Debt adds issuer-specific repayment and business risks to interest-rate exposure. The US dollar denomination describes the bonds currency and does not mean every borrower is based in the United States.

Investment approach and market coverage

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) uses an index-tracking mandate. The stated benchmark is iBoxx USD Liquid Investment Grade Index. The benchmark defines the eligible investment universe, and its membership and weights shape the portfolio. An index objective does not mean the fund and benchmark will match exactly. Expenses, transactions, cash balances and implementation decisions can create differences. The scope of the mandate matters when comparing this exposure with an existing portfolio, because funds with similar names may cover different securities or market segments.

Holdings and underlying exposure

In the official holdings file dated 3 November 2026, selected leading individual bond positions were Space Exploration Technologies Cor 144A maturing 15 July 2031 at 0.18%; Anheuser-Busch Companies Llc maturing 1 February 2046 at 0.18%; Cvs Health Corp maturing 25 March 2048 at 0.17%; Paramount Skydance Corp 144A maturing 15 October 2031 at 0.16%; Amazon.Com Inc maturing 13 March 2036 at 0.15%. These figures are security-level portfolio weights; separate securities from the same issuer may appear in other rows. Holdings and weights can change.

Aggregating the reported bond rows by the issuer file’s sector labels gives Banking at approximately 22.59%, Other at approximately 13.09%, Healthcare at approximately 11.85%. These are calculated sums of rounded security weights, rather than a separate issuer-published allocation table. Cash, Derivatives and other asset classes are excluded from these sector sums. The composition helps explain which economic exposures accompany the stated mandate.

Fees distributions and share pricing

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) has a listed gross annual expense ratio of 0.14% and net annual expense ratio of 0.14%. At the net rate, USD 10,000 held at a constant value for a full year would imply approximately USD 14.00 in annual fund expenses. This is an illustrative fee calculation, excluding changes in value, brokerage costs and bid-ask spreads. Expenses are reflected within the product rather than quoted as a promised investment outcome.

The stated distribution frequency is monthly. The schedule describes how often distributions are expected, while payment amounts depend on income and other applicable fund circumstances. A distribution is distinct from Capital appreciation and does not establish a fixed future payment. Shareholders also need to consider their own tax treatment, including any treatment of distributions or gains on sale.

iShares reported net asset value of USD 104.44 per share as at 4 November 2026. NAV measures the underlying net asset value allocated to a share; it is not an exchange closing-price quotation. Shares trade on NYSE Arca, where the transaction price can differ from NAV and where the bid-ask spread adds to the cost of entering or exiting a position.

Corporate Credit spreads and interest rates

Corporate bonds respond both to Treasury yields and to the extra compensation investors require for borrower risk. Deteriorating business conditions can widen those credit spreads even without a change in government yields. Holding many issues spreads issuer exposure, while a broad credit shock can affect the portfolio as a whole. Bond maturities and cash-flow schedules also influence sensitivity to rates and the timing of principal repayments.

Key Insights

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) is defined by its benchmark and eligible investment universe. Its holdings explain the actual exposure, while the fee schedule and distribution arrangements explain important ownership mechanics. These features need to be considered together: broad coverage, a particular style or a specified Maturity band each changes the risks a Shareholder takes. The investment objective remains a target, and the value of the shares can decline.

Data checked on 5 November 2026. Each numerical observation uses the specific source date stated above.