LQDH

iShares Interest Rate Hedged Corporate Bond ETF
*Unless otherwise stated, data provided by FactSet.

LQDH 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 MSCI ESG Analytics Insight

iShares Interest Rate Hedged Corporate Bond ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.21 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Interest Rate Hedged Corporate Bond ETF ranks in the 35th percentile within its peer group and in the 47th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

LQDH Charts And Performance

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PERFORMANCE [as of 09/29/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LQDH -0.24% 2.91% -3.48% 1.17% 1.84% 2.95% --
LQDH (NAV) -0.39% 2.20% -3.75% 0.72% 1.67% 3.00% --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LQDH Summary Data

Blackrock
iShares
05/27/14
Open-Ended Fund
0.24%
$246.18M
$1.16M
0.23%

LQDH Portfolio Data

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10/01/20
3

LQDH Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays US Aggregate Corporate Index

LQDH Portfolio Management

0.24%
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LQDH Tax Exposures

20.00% / 39.60%
0.53%
Ordinary income
No

LQDH Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

LQDH Factset Analytics Block Liquidity

As of 09/30/20
5
4
3
2
1

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

12,665
$1.16M
8,332
$763.94K
0.23%
$0.21
0.04%
3.37% / -1.18%
None
0.00%
50,000
0.17
0.00%
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0
$90.93
N/A

LQDH Top 10 Holdings

5.59%
0.81%
100%

LQDH Performance Statistics

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LQDH MSCI ESG Ratings

5.21 / 10
47.13
34.54
9.17%
2.62%
145.86

LQDH Holdings Statistics

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3
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LQDH Avg Life Maturity Distribution

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LQDH OAS Breakdown

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