iShares iBoxx $ Investment Grade Corporate Bond ETF
U.S. bond index ETF · tracks iBoxx USD Liquid Investment Grade Index
As of its 2026 Q2 report, iShares iBoxx $ Investment Grade Corporate Bond ETF held 3,137 positions with $29.78B in net assets. Its ten largest holdings made up 9.5% of the fund. The LQD share class costs 0.14% a year. Over the 12 months to May 2026, LQD returned 6.3%, with dividends reinvested. In 2026 Q2 it added 169 new positions and exited 126.
The iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds.
The fund uses representative sampling to track the iBoxx USD Liquid Investment Grade Index, holding a representative sample of the index's approximately 3,000 investment-grade corporate bonds rather than all constituents. Because the fund may not hold all index components, its returns may diverge from the index. The fund will invest at least 80% of assets in index securities and up to 10% in derivatives or non-index fixed income securities to aid tracking.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
BlackRock Funds III | 7.23% | $2.15B | — |
BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | 0.95% | $282.44M | — |
ANHEUSER-BUSCH CO/INBEV 4.90% · due 2046-02-01 | 0.20% | $60.96M | — |
CVS HEALTH CORP 5.05% · due 2048-03-25 | 0.17% | $50.37M | — |
T-MOBILE USA INC 3.88% · due 2030-04-15 | 0.16% | $48.10M | — |
META PLATFORMS INC 4.88% · due 2035-11-15 | 0.16% | $47.69M | — |
AMAZON.COM INC 4.88% · due 2036-03-13 | 0.15% | $45.98M | — |
PFIZER INVESTMENT ENTER 5.30% · due 2053-05-19 | 0.15% | $45.33M | — |
META PLATFORMS INC 5.63% · due 2055-11-15 | 0.15% | $44.76M | — |
GOLDMAN SACHS GROUP INC 6.75% · due 2037-10-01 | 0.15% | $44.10M | — |
The 200 largest of 3,137 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 98.11% |
| Cash & short-term | 8.18% |
These positions come to 106.29% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
By sector
- Financials
- 18.8%
- Other
- 13.6%
- Health Care
- 10.5%
- Communication Services
- 8.6%
- 10 other sectors
- 48.4%
- Financials
- 18.8%
- Other
- 13.6%
- Health Care
- 10.5%
- Communication Services
- 8.6%
- Information Technology
- 8.5%
- International
- 8.5%
- Cash
- 7.7%
- Utilities
- 5.5%
- Industrials
- 5.0%
- Energy
- 3.9%
- Consumer Staples
- 3.7%
- Consumer Discretionary
- 3.5%
- Real Estate
- 1.5%
- Materials
- 0.8%
How it has done
LQD share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.99%. Past returns are a record, not a forecast.
Fees & fund details
iShares iBoxx $ Investment Grade Corporate Bond ETF is a U.S. bond index ETF that tracks the iBoxx USD Liquid Investment Grade Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Long duration
- Features
- Master-feeder
- Expense ratio, by class
- 0.14%· LQD 0.14%
- Portfolio turnover
- 16.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
169 new· the largest 5
126 exited· the largest 6
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
| Floating rate | 0.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 0.2% |
| 3-5y | 19.8% |
| 5-10y | 37.2% |
| 10y+ | 42.8% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 51% |
| Interest rates | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +8.30 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.13 yr | 2% |
| 5 yr | 2.86 yr | 35% |
| 10 yr | 2.40 yr | 30% |
| 30 yr | 2.69 yr | 33% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.00 yr | 0% |
| 5 yr | 2.26 yr | 27% |
| 10 yr | 1.87 yr | 23% |
| 30 yr | 4.17 yr | 50% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $45 | $0 |
| 1 yr | +0.13 | +0.00 | +0.00 | $1.3k | $0 |
| 5 yr | +2.86 | +2.26 | +0.00 | $6.74m | $0 |
| 10 yr | +2.40 | +1.87 | +0.00 | $5.57m | $0 |
| 30 yr | +2.69 | +4.17 | +0.00 | $12.41m | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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