iShares iBoxx $ Investment Grade Corporate Bond ETF(LQD)
AI Look-Through Summary
AI GeneratedThe iShares iBoxx $ Investment Grade Corporate Bond ETF maintains a substantial asset base of approximately $28.9 billion, reflecting significant market participation in the investment-grade corporate bond space. Analysis of the top holdings reveals a distinct concentration risk within the portfolio's largest position, which accounts for 8.2% of total assets under management. This single holding represents nearly one-tenth of the fund's entire value, suggesting that performance will be heavily influenced by the specific credit quality and interest rate sensitivity of this issuer. The remaining top nine positions collectively contribute less than 10% to the portfolio, with each subsequent holding contributing merely fractions of a percent, indicating a structure where diversification is primarily driven by holdings outside the immediate top ten list rather than within it.
Geographically, the provided data does not contain explicit country or region breakdowns; however, the reliance on specific CUSIP identifiers implies a focus on issuers registered in major financial markets, typically the United States given the standard format of these codes and the ETF's naming convention referencing iBoxx US investment grade bonds. Quantitatively, the dominance of the first holding contrasts sharply with the negligible weightings of subsequent entries, creating an asymmetry where downside or upside protection relies heavily on the stability of that primary asset. The absence of yield duration or spread metrics in the input data prevents a full assessment of interest rate risk, but the structural concentration suggests investors must closely monitor the credit standing of the top-ranked issuer to gauge overall portfolio volatility. Without further granular data regarding sector allocation or maturity ladders, the fund's exposure profile appears defined more by this singular large-cap corporate bond than by broad-based diversification across the investment-grade spectrum.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-20 01:47:13.124748+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 95/100The investment theme implied by the name "iBoxx $ Investment Grade Corporate Bond ETF" is a precise description of its underlying asset class, resulting in an exceptionally high alignment score. Unlike thematic equity funds that often struggle to maintain focus amidst broad market holdings or rely on mega-cap stocks to anchor returns, this fund's structure inherently restricts it to investment-grade corporate debt as defined by the iBoxx index. The provided top holdings list contains only CUSIP identifiers without specific issuer names, yet the aggregate data confirms a strict adherence to the stated mandate with no apparent deviation into unrelated sectors or asset classes that would dilute thematic purity.
Concentration risk appears minimal given the low Top-10 concentration of 10.6%, suggesting a well-diversified portfolio rather than one reliant on a few dominant issuers for stability. The sector coherence is implicitly strong because the fund's composition mirrors its namesake index, ensuring that sector weights remain consistent with the broader investment-grade corporate bond market it seeks to replicate. This structure differentiates the fund from broad equity indices by focusing exclusively on fixed-income credit exposure while avoiding the dispersion issues common in actively managed thematic strategies. The data indicates a highly coherent vehicle designed strictly for investors seeking exposure to this specific segment of the bond market without significant divergence or concentration anomalies that might compromise its stated objective.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-22 17:59:38.133527+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share LQD's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 99% of LQD's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| AGGiShares Core U.S. Aggregate Bond ETF | $139B | — | 3088 | 99.3% |
99% of LQD's portfolio by weight is also held by AGG, which commands 5× more assets under management. When AGG receives inflows, it mechanically buys these shared stocks — dragging LQD's NAV along regardless of any thematic or sector catalyst.
Overlap computed from constituent-level holdings data across 1 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Concentration Risk Monitor
ELEVATEDLQD's top holding 066922519 at 8.2% is above the 8% elevated-concentration threshold. The effective number of stocks is 137 vs. the actual count of 50.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | 066922519 | BlackRock Funds III | 8.20% | — | — |
| 2 | 066922477 | BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | 1.15% | — | — |
| 3 | 03522AAJ9 | ANHEUSER-BUSCH CO/INBEV | 0.20% | — | — |
| 4 | 126650CZ1 | CVS HEALTH CORP | 0.17% | — | — |
| 5 | 38145GAR1 | GOLDMAN SACHS GROUP INC | 0.17% | — | — |
| 6 | 87264ABF1 | T-MOBILE USA INC | 0.15% | — | — |
| 7 | 38145GAT7 | GOLDMAN SACHS GROUP INC | 0.15% | — | — |
| 8 | 00287YBX6 | ABBVIE INC | 0.15% | — | — |
| 9 | 30303MAE2 | META PLATFORMS INC | 0.14% | — | — |
| 10 | 38141GFD1 | GOLDMAN SACHS GROUP INC | 0.14% | — | — |
| 11 | 06051GLH0 | BANK OF AMERICA CORP | 0.14% | — | — |
| 12 | 06051GMA4 | BANK OF AMERICA CORP | 0.13% | — | — |
| 13 | 00206RKJ0 | AT&T INC | 0.13% | — | — |
| 14 | 716973AG7 | PFIZER INVESTMENT ENTER | 0.13% | — | — |
| 15 | 03522AAH3 | ANHEUSER-BUSCH CO/INBEV | 0.13% | — | — |
Historical Holdings Snapshots
Browse how LQD’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 11.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 8.20% | 2,622,665,271 | $2.6B |
| 2 | 066922477 | 1.15% | 367,690,000 | $367.7M |
| 3 | 03522AAJ9 | 0.20% | — | $65.0M |
| 4 | 126650CZ1 | 0.17% | — | $55.5M |
| 5 | 38145GAR1 | 0.17% | — | $54.2M |
| 6 | 87264ABF1 | 0.15% | — | $49.2M |
| 7 | 38145GAT7 | 0.15% | — | $48.8M |
| 8 | 00287YBX6 | 0.15% | — | $46.8M |
| 9 | 30303MAE2 | 0.14% | — | $44.5M |
| 10 | 38141GFD1 | 0.14% | — | $44.0M |
| 11 | 06051GLH0 | 0.14% | — | $43.8M |
| 12 | 06051GMA4 | 0.13% | — | $42.6M |
| 13 | 00206RKJ0 | 0.13% | — | $42.2M |
| 14 | 716973AG7 | 0.13% | — | $42.2M |
| 15 | 03522AAH3 | 0.13% | — | $42.0M |
2026-05-23
15 holdings · 11.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 8.20% | 2,622,665,271 | $2.6B |
| 2 | 066922477 | 1.15% | 367,690,000 | $367.7M |
| 3 | 03522AAJ9 | 0.20% | — | $65.0M |
| 4 | 126650CZ1 | 0.17% | — | $55.5M |
| 5 | 38145GAR1 | 0.17% | — | $54.2M |
| 6 | 87264ABF1 | 0.15% | — | $49.2M |
| 7 | 38145GAT7 | 0.15% | — | $48.8M |
| 8 | 00287YBX6 | 0.15% | — | $46.8M |
| 9 | 30303MAE2 | 0.14% | — | $44.5M |
| 10 | 38141GFD1 | 0.14% | — | $44.0M |
| 11 | 06051GLH0 | 0.14% | — | $43.8M |
| 12 | 06051GMA4 | 0.13% | — | $42.6M |
| 13 | 00206RKJ0 | 0.13% | — | $42.2M |
| 14 | 716973AG7 | 0.13% | — | $42.2M |
| 15 | 03522AAH3 | 0.13% | — | $42.0M |
2026-05-22
15 holdings · 11.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 8.20% | 2,622,665,271 | $2.6B |
| 2 | 066922477 | 1.15% | 367,690,000 | $367.7M |
| 3 | 03522AAJ9 | 0.20% | — | $65.0M |
| 4 | 126650CZ1 | 0.17% | — | $55.5M |
| 5 | 38145GAR1 | 0.17% | — | $54.2M |
| 6 | 87264ABF1 | 0.15% | — | $49.2M |
| 7 | 38145GAT7 | 0.15% | — | $48.8M |
| 8 | 00287YBX6 | 0.15% | — | $46.8M |
| 9 | 30303MAE2 | 0.14% | — | $44.5M |
| 10 | 38141GFD1 | 0.14% | — | $44.0M |
| 11 | 06051GLH0 | 0.14% | — | $43.8M |
| 12 | 06051GMA4 | 0.13% | — | $42.6M |
| 13 | 00206RKJ0 | 0.13% | — | $42.2M |
| 14 | 716973AG7 | 0.13% | — | $42.2M |
| 15 | 03522AAH3 | 0.13% | — | $42.0M |
2026-05-21
15 holdings · 11.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 8.20% | 2,622,665,271 | $2.6B |
| 2 | 066922477 | 1.15% | 367,690,000 | $367.7M |
| 3 | 03522AAJ9 | 0.20% | — | $65.0M |
| 4 | 126650CZ1 | 0.17% | — | $55.5M |
| 5 | 38145GAR1 | 0.17% | — | $54.2M |
| 6 | 87264ABF1 | 0.15% | — | $49.2M |
| 7 | 38145GAT7 | 0.15% | — | $48.8M |
| 8 | 00287YBX6 | 0.15% | — | $46.8M |
| 9 | 30303MAE2 | 0.14% | — | $44.5M |
| 10 | 38141GFD1 | 0.14% | — | $44.0M |
| 11 | 06051GLH0 | 0.14% | — | $43.8M |
| 12 | 06051GMA4 | 0.13% | — | $42.6M |
| 13 | 00206RKJ0 | 0.13% | — | $42.2M |
| 14 | 716973AG7 | 0.13% | — | $42.2M |
| 15 | 03522AAH3 | 0.13% | — | $42.0M |
2026-05-20
15 holdings · 11.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 8.20% | 2,622,665,271 | $2.6B |
| 2 | 066922477 | 1.15% | 367,690,000 | $367.7M |
| 3 | 03522AAJ9 | 0.20% | — | $65.0M |
| 4 | 126650CZ1 | 0.17% | — | $55.5M |
| 5 | 38145GAR1 | 0.17% | — | $54.2M |
| 6 | 87264ABF1 | 0.15% | — | $49.2M |
| 7 | 38145GAT7 | 0.15% | — | $48.8M |
| 8 | 00287YBX6 | 0.15% | — | $46.8M |
| 9 | 30303MAE2 | 0.14% | — | $44.5M |
| 10 | 38141GFD1 | 0.14% | — | $44.0M |
| 11 | 06051GLH0 | 0.14% | — | $43.8M |
| 12 | 06051GMA4 | 0.13% | — | $42.6M |
| 13 | 00206RKJ0 | 0.13% | — | $42.2M |
| 14 | 716973AG7 | 0.13% | — | $42.2M |
| 15 | 03522AAH3 | 0.13% | — | $42.0M |
2026-05-19
15 holdings · 11.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 8.20% | 2,622,665,271 | $2.6B |
| 2 | 066922477 | 1.15% | 367,690,000 | $367.7M |
| 3 | 03522AAJ9 | 0.20% | — | $65.0M |
| 4 | 126650CZ1 | 0.17% | — | $55.5M |
| 5 | 38145GAR1 | 0.17% | — | $54.2M |
| 6 | 87264ABF1 | 0.15% | — | $49.2M |
| 7 | 38145GAT7 | 0.15% | — | $48.8M |
| 8 | 00287YBX6 | 0.15% | — | $46.8M |
| 9 | 30303MAE2 | 0.14% | — | $44.5M |
| 10 | 38141GFD1 | 0.14% | — | $44.0M |
| 11 | 06051GLH0 | 0.14% | — | $43.8M |
| 12 | 06051GMA4 | 0.13% | — | $42.6M |
| 13 | 00206RKJ0 | 0.13% | — | $42.2M |
| 14 | 716973AG7 | 0.13% | — | $42.2M |
| 15 | 03522AAH3 | 0.13% | — | $42.0M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
Technical Setup
AI GeneratedThe iShares iBoxx $ Investment Grade Corporate Bond ETF is currently trading at $109.20, a position that necessitates an analysis of its relationship to surrounding moving average envelopes to gauge mean-reversion dynamics. Without specific envelope boundaries or directional bias from the provided data, the precise degree of deviation from long-term means remains undefined in this snapshot. However, generally speaking, when a security trades significantly outside these statistical bands, it often signals a potential exhaustion of momentum and an increased probability that prices will revert toward the central tendency over time. Conversely, trading near the center suggests stability with less immediate pressure to correct sharply upward or downward. In the context of corporate bonds, such positioning relative to historical averages can reflect shifting market sentiment regarding credit risk or yield expectations rather than pure speculative volatility. The current level serves as a reference point against which future price action will be measured; if the asset moves further away from its mean without fundamental justification, technical models typically anticipate a contraction back toward equilibrium. This setup invites scrutiny of whether the $109.20 mark represents an overextended state or a consolidation zone within the broader envelope structure, as distinct interpretations lead to divergent outlooks on short-term price stability versus potential correction trajectories.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How LQD’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($37.44B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
LQD Rate Shock Simulator
What happens to iShares iBoxx $ Investment Grade Corporate Bond ETF if the Fed changes rates? This simulator estimates price impact based on the fund's effective duration of 6.0 years, computed from 90-day regression of LQD's returns against treasury yield changes.
| Rate Change | Price Impact | Est. Price | Visual |
|---|---|---|---|
| -2.00% | +12.0% | $121.67 | |
| -1.50% | +9.0% | $118.41 | |
| -1.00% | +6.0% | $115.14 | |
| -0.50% | +3.0% | $111.88 | |
| -0.25% | +1.5% | $110.25 | |
| +0.00%(current) | 0.0% | $108.62 | |
| +0.25% | -1.5% | $106.99 | |
| +0.50% | -3.0% | $105.36 | |
| +1.00% | -6.0% | $102.10 | |
| +1.50% | -9.0% | $98.83 | |
| +2.00% | -12.0% | $95.57 |
Price impact estimated using modified duration approximation: ΔPrice ≈ −Duration × ΔYield. Actual impact may differ due to convexity, credit spread changes, and market conditions. Duration computed from price-yield sensitivity analysis. Not investment advice.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-03.
SecuritiesDB is for informational purposes only. Not investment advice.