The iShares iBoxx $ Investment Grade Corporate Bond ETF is an exchange traded fund that seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index, which is an index composed of U.S. dollar-denominated, investment grade corporate bonds. The fund is managed by Blackrock, a major investment company that provides hundreds of exchange traded funds globally. Blackrock is headquartered in New York City. This ETF was established in 2002.
The fund aims to provide investors with exposure to a broad range of U.S. investment grade corporate bonds, with access to a total of more than 1000 high quality bonds in a single fund. The index is designed to provide a broad representation of the U.S. dollar-denominated liquid investment-grade corporate bond market, so the fund holds bonds across a range of industries and sectors.
The fund will generally invest at least 90% of its assets in component securities of the underlying index, and a minimum of 95% of its assets in investment-grade corporate bonds. The iShares iBoxx $ Investment Grade Corporate Bond ETF is listed on the NYSE, where it is traded under the stock ticker LQD.
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