iShares 10+ Year Investment Grade Corporate Bond ETF

Frequently Asked Questions About LLQD

What does LLQD invest in?

The investment seeks to track the investment results of the Markit iBoxx® USD Liquid Investment Grade Long Index (the underlying index). The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds. The index is designed to reflect the performance of U.S. dollar-denominated investment-grade corporate debt with remaining maturities greater than ten years. The fund is non-diversified.

What is the expense ratio of LLQD?

An expense ratio for iShares 10+ Year Investment Grade Corporate Bond ETF (LLQD) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is LLQD?

iShares 10+ Year Investment Grade Corporate Bond ETF (LLQD) manages $13.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is LLQD actively managed or an index fund?

LLQD is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios because there's no security selection cost.

When was LLQD launched?

iShares 10+ Year Investment Grade Corporate Bond ETF (LLQD) launched in September 2017 and is managed by iShares.

How has LLQD performed?

LLQD's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.