LQDH

iShares Interest Rate Hedged Corporate Bond ETF
B

N/A
*Unless otherwise stated, data provided by FactSet.

LQDH Fund Description

The iShares Interest Rate Hedged Corporate Bond ETF 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

Price Chart ($)
Total Return Chart (%)
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COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LQDH 0.55% 2.26% 1.68% 4.60% 4.08% -- --
LQDH (NAV) 0.78% 2.53% 1.99% 4.52% 4.17% -- --
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 Top 10 Countries [View All]

LQDH Top 10 Sectors

LQDH Top 10 Holdings

LQDH Summary Data

BlackRock
iShares
05/27/14
Open-Ended Fund
0.24%
$246.92M
$1.89M
0.07%

LQDH Portfolio Data

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11.82 years
3.18%
10/02/18
1807

LQDH Index Data

No Underlying Index
Market Value
Market Value
Bloomberg Barclays US Aggregate 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
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

LQDH Factset Analytics Block Liquidity

As of 09/21/18
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 5 out of 5.

LQDH Tradability

18,929
$1.89M
11,100
$1.15M
0.07%
$0.07
0.04%
0.63% / -0.28%
None
100.00%
50,000
0.22
0.00%
0.89%
16
$97.08
5

LQDH Sector/Industry Breakdown


LQDH
Segment Benchmark
61.89%
61.70%
30.85%
31.36%
4.32%
0.00%
1.89%
6.95%
0.69%
0.00%
0.21%
0.00%
0.15%
0.00%

LQDH Top 10 Holdings

2.20%
-7.79%
100%

LQDH Top 5 Countries


LQDH
Segment Benchmark
78.11%
77.76%
6.83%
5.53%
2.15%
2.04%
2.14%
1.56%
2.09%
3.34%

LQDH Top 5 Currencies


LQDH
Segment Benchmark
100.00%
100.00%

LQDH Economic Development


LQDH
Segment Benchmark
99.32%
98.80%
0.00%
1.20%

LQDH Performance Statistics

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LQDH HOLDINGS STATISTICS


LQDH
Segment Benchmark
11.82 years
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3.18%
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Low
1807
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N/A
A-

LQDH MATURITY DISTRIBUTION


LQDH
Segment Benchmark
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LQDH CREDIT BREAKDOWN


LQDH
Segment Benchmark
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