# State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lqig for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SPDR · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2022-05-11 As the first State Street SPDR Fixed Income ETF built on liquidity, LQIG tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index (the "Index"). The Index's emphasis on liquidity and use of sector/issuer constraints in index construction may make LQIG an efficient core beta risk and portfolio management toolBonds in the Index are screened using MarketAxess' proprietary Relative Liquidity Score (RLS), where bonds are considered for inclusion based on having higher-than-average liquidity relative to the broader U.S. corporate bond market, and then assessed for their tradability a... ## Key Facts | Metric | Value | |---|---| | Price | $94.17 | | Expense Ratio | 0.09% | | Assets Under Management | $28.3M | | NAV | $94.21 | | Holdings Count | 374 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $92.28 – $98.19 | | Beta | 1.22 | ## Latest Distribution - Amount: $0.3967 /share - Ex-date: 2026-05-01 - Pay date: 2026-05-06 ## Frequently Asked Questions ### What does LQIG invest in? As the first State Street SPDR Fixed Income ETF built on liquidity, LQIG tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index (the "Index"). The Index's emphasis on liquidity and use of sector/issuer constraints in index construction may make LQIG an efficient core beta risk and portfolio management toolBonds in the Index are screened using MarketAxess' proprietary Relative Liquidity Score (RLS), where bonds are considered for inclusion based on having higher-than-average liquidity relative to the broader U.S. corporate bond market, and then assessed for their tradability at the Index level, with final weights derived after constraining for specific issuer and sector characteristicsSeeking to track an index focused on liquidity, LQIG may provide more accurate real-time pricing visibility into the corporate bond market, translating into potentially tighter-bid ask spreads and less volatile premium/discounts than corporate bond ETFs that track indices that do not screen for relative liquidity ### What is the expense ratio of LQIG? State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of LQIG? Effective duration measures LQIG's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LQIG's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of LQIG? LQIG's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of LQIG? Yield to maturity (YTM) is the total return you'd earn from LQIG if every bond in the portfolio is held to maturity at the current price. LQIG's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is LQIG? State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) manages $28.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does LQIG pay a dividend? State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LQIG pay dividends? State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LQIG's dividend yield? LQIG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is LQIG's next ex-dividend date? The most recently announced ex-dividend date for LQIG was 2026-05-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LQIG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.09% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LQIG charge its expense ratio? The expense ratio is deducted in tiny daily slices from LQIG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LQIG cost more than a fund like VOO? LQIG is a passive index fund (current expense ratio 0.09%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to LQIG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LQIG (0.09%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lqig - Distribution history: https://www.dividenddata.com/funds/lqig/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lqig/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lqig/expenses - Peer comparison: https://www.dividenddata.com/funds/lqig/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.