iShares BBB Rated Corporate Bond ETF
LQDB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- May 21, 2021
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that seeks to track the investment results of the iBoxx USD Liquid Investment Grade BBB 0+ Index, composed of BBB-rated (or equivalent) fixed-rate U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. corporate issuers; it employs a representative sampling technique to replicate the index's price and yield performance across varying maturities. The fund primarily invests in investment-grade corporate bonds rated BBB by Fitch, Moody's, or S&P, with top holdings including Oracle Corporation (approximately 2.6%), Verizon Communications Inc. (2.5%), AT&T Inc. (2.5%), T-Mobile USA Inc. (2.1%), and CVS Health Corp. (1.8%), spanning sectors such as telecommunications, healthcare, technology, and energy; it maintains a portfolio of over 1,000 holdings, with approximately 88% in U.S. bonds, 9% in non-U.S. bonds, and minimal cash allocations. LQDB features a low expense ratio of 0.15%, daily pricing on the NYSE Arca exchange, and quarterly distributions, targeting investors seeking income from mid-quality corporate debt with moderate interest-rate sensitivity. Launched on May 18, 2021, and domiciled in the United States, the ETF is managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., with headquarters at 400 Howard Street, San Francisco, California. In recent developments, portfolio management underwent significant changes, including the addition of Jonathan Graves and Marcus Tom as co-portfolio managers effective August 1, 2025, alongside James Mauro, and the planned departure of Paul Whitehead effective June 30, 2025; these updates reflect BlackRock's ongoing enhancements to its fixed-income ETF management teams as detailed in fund supplements. The fund has maintained steady assets under management around $43-44 million, with year-to-date total returns of approximately 6.75-7.42% as of late 2025 and a dividend yield near 4.5%, amid stable operations without reported acquisitions, partnerships, or structural reorganizations in the last 1-2 years.