Fixed Income

LQDB

iShares BBB Rated Corporate Bond ETF

  • NAV as of Apr 25, 2025 $85.37
    52 WK: 83.09 - 88.76
  • 1 Day NAV Change as of Apr 25, 2025 0.37 (0.43%)
  • NAV Total Return as of Apr 24, 2025 YTD: 1.32%
  • Morningstar Rating
  • Fees as stated in the prospectus Expense Ratio: 0.15%

Overview

Why LQDB?

1. Exposure to a diversified portfolio of BBB rated corporate bonds.

 

2. Targeted access to a specific segment of the investment grade corporate bond market.

 

3. Use to express a view on bonds with a specific rating and seek to generate income.

INVESTMENT OBJECTIVE

The iShares BBB Rated Corporate Bond ETF seeks to track the investment results of an index composed of BBB (or its equivalent) fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporate issuers.

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Performance

Performance

Growth of Hypothetical $10,000

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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%) 5.09 1.53 - - -0.14
Market Price (%) 4.91 1.52 - - -0.14
Benchmark (%) 5.28 1.76 - - 0.01
After Tax Pre-Liq. (%) 3.17 -0.23 - - -1.66
After Tax Post-Liq. (%) 2.98 0.39 - - -0.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 2.08 -0.27 2.08 -0.43 5.09 4.65 - - -0.55
Market Price (%) 2.11 -0.19 2.11 -0.61 4.91 4.64 - - -0.55
Benchmark (%) 2.10 -0.22 2.10 -0.30 5.28 5.36 - - 0.05
After Tax Pre-Liq. (%) 1.74 -0.44 1.74 -1.34 3.17 -0.68 - - -6.27
After Tax Post-Liq. (%) 1.23 -0.16 1.23 -0.26 2.98 1.19 - - -2.93
  2020 2021 2022 2023 2024
Total Return (%) - - -15.55 9.18 2.74
Market Price (%) - - -15.53 9.60 2.38
Benchmark (%) - - -15.34 9.37 3.01
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 of Fund
as of Apr 25, 2025
$42,685,743
Exchange
NYSE Arca
Benchmark Index
iBoxx USD Liquid Investment Grade BBB 0+ Index (USD)
Shares Outstanding
as of Apr 25, 2025
500,000
Premium/Discount
as of Apr 25, 2025
0.09%
Closing Price
as of Apr 25, 2025
85.45
30 Day Median Bid/Ask Spread
as of Apr 25, 2025
0.11%
Fund Launch Date
May 18, 2021
Asset Class
Fixed Income
Bloomberg Index Ticker
IBXXUQ0T
Distribution Frequency
Monthly
CUSIP
46436E494
30 Day Avg. Volume
as of Apr 25, 2025
1,698.00
Daily Volume
as of Apr 25, 2025
1,778.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 25, 2025
1,048
30 Day SEC Yield
as of Apr 24, 2025
5.30%
Standard Deviation (3y)
as of Mar 31, 2025
9.27%
Weighted Avg Coupon
as of Apr 24, 2025
4.12
Effective Duration
as of Apr 24, 2025
6.15 yrs
Option Adjusted Spread
as of Apr 24, 2025
109.37 bps
Equity Beta (3y)
as of Mar 31, 2025
0.42
12m Trailing Yield
as of Apr 24, 2025
4.60%
Average Yield to Maturity
as of Apr 24, 2025
5.35%
Weighted Avg Maturity
as of Apr 24, 2025
9.56 yrs
Convexity
as of Apr 24, 2025
0.79
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Management Fee 0.15%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.15%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares BBB Rated Corporate Bond ETF, as of Mar 31, 2025 rated against 171 Corporate Bond Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Feb 28, 2025)
Analyst-Driven % as of Feb 28, 2025
20.00
Data Coverage % as of Feb 28, 2025
79.00

Holdings

Holdings

as of Apr 24, 2025
Issuer Weight (%)
ORACLE CORPORATION 2.35
AT&T INC 2.30
VERIZON COMMUNICATIONS INC 2.06
T-MOBILE USA INC 1.86
CVS HEALTH CORP 1.65
Issuer Weight (%)
AMGEN INC 1.55
ENERGY TRANSFER LP 1.44
BOEING CO 1.37
GENERAL MOTORS FINANCIAL COMPANY INC 1.37
BROADCOM INC 1.35
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 Accrual Date Effective Date
Detailed Holdings and Analytics
Holdings are subject to change.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Apr 24, 2025

% of Market Value

Type Fund
as of Apr 24, 2025

% 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 Apr 24, 2025

% 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.

Literature

Literature

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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