iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD · Exchange-traded fund · Bonds
Market Close· Not a live price
What this fund holds
iShares iBoxx $ Investment Grade Corporate Bond ETF is an exchange-traded fund. It holds bonds issued by large companies rated investment grade.
1M price history
What this fund owns
Bonds issued by large companies rated investment grade.
Pays more interest than government bonds of similar length, in exchange for taking company credit risk.
Fund profile
Classification, not a provider estimate- Asset class
- Fixed income (bonds)
- Category
- Investment-grade corporate bonds
- Typical maturity
- Intermediate (roughly 5–10 years)
- Credit quality
- Investment grade
- Interest-rate sensitivity
- High
- Credit risk
- Low
Expense ratio, yield to maturity and average duration in years are not available from Scope's current data provider for bond funds, so they are shown as unavailable rather than estimated.
How interest rates affect it
Bond prices and interest rates generally move in opposite directions. When market interest rates rise, existing bond prices generally fall, and when rates fall, existing bond prices generally rise. Longer-duration bonds are typically more sensitive to interest-rate changes.
This fund's interest-rate sensitivity is high, and its credit risk is low. Those are two separate risks: a fund can carry a lot of one and almost none of the other.
What can go wrong
- Interest-rate risk: high — the fund holds longer-dated corporate bonds.
- Credit risk: low but real. If companies are downgraded or struggle, these bonds fall.
- In market stress, corporate bonds can fall at the same time as shares.
Bond ETFs can fall in value and have done so. They are usually steadier than shares, which is not the same as safe.
For learning purposes only. Scope does not offer trading or financial advice.