LQDH
iShares Interest Rate Hedged Corporate Bond ETFLQDH Fund Description
LQDH is an actively managed fund-of-funds that targets USD-denominated investment corporate bonds while mitigating duration risk.
LQDH Factset Analytics Insight
LQDH—an actively manage fund-of-funds—primarily takes a long position in LQD (an iShares corporate investment-grade ETF) and shorts Treasury futures to achieve a net-zero portfolio duration. This strategy aims to capture only the credit spread without interest-rate risk, although precise duration hedging is hard to implement in the real world. The fund’s 25 bp expense ratio is fair given its duration-hedging overlay. LQDH should blossom in liquidity given its superbly liquid underlying, which should ultimately benefit investors large and small. Still, the new fund will have to fight for investor interest just like any other. In addition to being a solution to rising interest rates, LQDH may also appeal to existing LQD investors as an overlay for those who want to shorten their portfolio duration without significantly altering the underlying credit and liquidity profile.
LQDH CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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LQDH Summary Data
LQDH Portfolio Data
LQDH Index Data
LQDH Portfolio Management
LQDH Tax Exposures
LQDH Fund Structure
LQDH Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of LQDH. LQDH is rated a 5 out of 5.
LQDH Tradability
LQDH Performance Statistics
LQDH HOLDINGS STATISTICS
LQDH AVG LIFE MATURITY DISTRIBUTION
LQDH OAS BREAKDOWN
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