What is LQDH?

LQDH tracks an index that holds iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets USD-denominated investment corporate bonds, while mitigating duration risk.

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LQDH -0.69% 0.96% 1.32% 1.17% 6.57% 2.04% --
LQDH (NAV) -0.73% 0.93% 0.98% 1.33% 6.27% 2.07% --
ICE BofAML US Corporate Index 1.52% 2.64% 2.40% -5.01% -0.20% 1.52% 2.25%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LQDH Factset Analytics Insight

LQDH tracks an index that primarily takes a long position in iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) 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. For reference, LQD consists of USD denominated, investment-grade corporate bonds, weighted by market value and rebalanced monthly. Prior to Dec. 1, 2021, the fund is actively-managed holding the ETF LQD and using the same strategy of hedging interest rate risk.

LQDH Summary Data

Blackrock
05/27/14
0.24%
$336.05M
BlackRock Interest Rate Hedged Corporate Bond Index
ICE BofAML US Corporate Index
Open-Ended Fund

Peers

ICE BofAML US Corporate Index

Fund Flows

-$0.00B 5 Days
+$0.00B 30 Days
-$0.25B 90 Days

LQDH Portfolio Data

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LQDH Index Data

BlackRock Interest Rate Hedged Corporate Bond Index
Fixed
Fixed
ICE BofAML US Corporate Index

LQDH Portfolio Management

0.24%
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LQDH Tax Exposures

20.00% / 39.60%
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Ordinary income
No

LQDH Fund Structure

Open-Ended Fund
Yes
Yes
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N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/29/23

This measurement shows how easy it is to trade a $1 million USD block of LQDH. LQDH is rated a N/A out of 5.

LQDH Tradability

29,372
$2.70M
18,011
$1.66M
0.14%
$0.13
-0.08%
0.41% / -0.68%
None
100.00%
50,000
0.36
0.00%
0.26%
37
$90.73
N/A

LQDH Sector/Industry Breakdown

LQDH Segment
Benchmark
122.21% --
-22.21% --

LQDH Top 10 Holdings

-22.21%
100.00%

LQDH Performance Statistics

0.07
0.21
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LQDH Avg Life Maturity Distribution

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LQDH OAS Breakdown

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LQDH Holdings Statistics

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