Morningstar

iShares iBoxx $ Invmt Grade Corp Bd ETF LQD ETF Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See iShares Investment Hub

Morningstar’s Analysis LQD

Will LQD outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LQD’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LQD management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LQD’s parent organization’s priorities and whether they’re in line with investors’ interests.

Exclusions are a drawback.

Analyst Lan Anh Tran

Lan Anh Tran

Analyst

Summary

IShares iBoxx $ Investment Grade Corporate Bond provides a broad, diversified portfolio of liquid investment-grade US corporate bonds at a low fee. However, it requires bonds to have longer maturities than most peers, exposing the fund to more interest-rate risk and arbitrarily excluding portions of its opportunity set.

by Lan Anh Tran
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