iShares 5-10 Year Investment Grade Corporate Bond ETF (MLQD)
iShares 5-10 Year Investment Grade Corporate Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $51.98, down 0.08% on the session, giving a market capitalisation of $12.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This Exchange Traded Fund (ETF) aims to mirror the financial performance of the Markit iBoxx® USD Liquid Investment Grade Intermediate Index. Its investment strategy primarily involves committing a minimum of 90% of its total assets to the constituent securities of this underlying index. The remaining portion, up to 10% of its assets, may be invested in financial derivatives such as futures, options, and swap contracts, or in highly liquid holdings like cash and money market fund shares. The benchmark index itself is specifically designed to reflect the returns of U.S. dollar-denominated corporate debt that carries an investment-grade rating and has maturities ranging from five to ten years. Furthermore, this fund operates on a non-diversified basis.
iShares 5-10 Year Investment Grade Corporate Bond ETF is most often compared with the following Financial Services names: