iShares 10+ Year Investment Grade Corporate Bond ETF (LLQD) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds with remaining maturities greater than ten years. The ETF provides exposure to long-duration, investment-grade corporate debt issued by major U.S. corporations across sectors such as telecommunications, technology, healthcare, financials, and consumer goods; top holdings include bonds from issuers like AT&T Inc., Oracle Corporation, UnitedHealth Group Inc., Comcast Corporation, and Verizon Communications Inc. It offers monthly distributions, low expense ratio of 0.04%, and is listed on U.S. exchanges for institutional and retail investors seeking fixed income portfolio diversification.
Sponsored and managed by BlackRock through its iShares brand, with headquarters in San Francisco, California, the ETF launched on September 12, 2017. It primarily serves U.S.-focused markets, holding USD-denominated securities from domestic issuers, and operates within the broader fixed income segment emphasizing long-term corporate bonds.
In a significant recent development, LLQD has ceased active trading and is listed as liquidated or closed, consistent with patterns for underperforming or low-asset ETFs; it is no longer active in major ETF databases and reflects closure likely due to insufficient investor interest or assets under management. This operational change aligns with BlackRock's periodic portfolio rationalization, as seen in other iShares fund closures and updates announced in recent years. No major acquisitions, partnerships, or new product launches specific to LLQD occurred in the last 1-2 years prior to its inactivation.