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iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (LQDW)
USD23.53
-0.09 (-0.38%)
CBOE USD US Fixed Income
NAV
USD 23.62
-0.38% vs NAV
as of 2026-07-13
AUM
USD 265.17M
TER
0.34%
Yield (TTM)
12.29%
Distribution
Distributing · Monthly
52-week range
23.53 – 25.50
Holdings
3,135
Issuer
IShares
About this ETF
This exchange-traded fund endeavors to mirror the performance of a benchmark index. Its core strategy involves maintaining exposure to investment-grade corporate bonds, primarily through holding shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF. To augment its income stream, the fund also routinely sells one-month covered call options against its bond holdings.
ISIN
US46436E2880
Issuer
IShares
Domicile
US
Inception
2022-08-18
Asset class
Fixed Income
Price
Top 10 holdings
| BLK CSH FND TREASURY SL AGENCY | 0.91% |
| ANHEUSER-BUSCH COMPANIES LLC 4.90% 02/01/2046 | 0.17% |
| CVS HEALTH CORP 5.05% 03/25/2048 | 0.15% |
| META PLATFORMS INC 6.30% 05/15/2056 | 0.15% |
| T-MOBILE USA INC 3.88% 04/15/2030 | 0.15% |
| PFIZER INVESTMENT ENTERPRISES PTE 5.30% 05/19/2053 | 0.14% |
| GOLDMAN SACHS GROUP INC/THE 6.75% 10/01/2037 | 0.14% |
| META PLATFORMS INC 5.63% 11/15/2055 | 0.14% |
| AMAZON.COM INC 4.88% 03/13/2036 | 0.14% |
| META PLATFORMS INC 4.88% 11/15/2035 | 0.13% |
Sector mix
Price chart
USD23.53
-0.09 (-0.38%)
Loading historical data…
Returns
| 1 month | -1.05% |
| 3 months | -2.16% |
| 6 months | -4.47% |
| Year to date | -4.19% |
| 1 year | -6.96% |
| 3 years (ann.) | -10.47% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 4.83% |
| Sharpe (1y) | -1.47 |
| Sharpe (3y) | -1.71 |
| Sortino (1y) | -1.51 |
| Max drawdown (1y) | -7.73% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -41.09% |
| Beta vs S&P 500 (1y) | 0.14 |
| Correlation vs S&P 500 (1y) | 0.36 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
18
P(gain) 22 sessions — probability
23%
VaR 95% (daily)
-0.93%
CVaR 95% (daily)
-1.38%
GARCH vol forecast (22d)
0.34%
Market regime (Markov)
Lateral
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
2.2%
Effective holdings
1,926
Disclosed positions
3,135
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
LQDW
0.34%
Fixed Income median
0.20%
Cheapest in class BKAG
0.00%
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-02 | 2026-07-08 | USD 0.1906 |
| 2026-06-02 | 2026-06-05 | USD 0.1839 |
| 2026-05-04 | 2026-05-07 | USD 0.1668 |
| 2026-04-02 | 2026-04-08 | USD 0.3032 |
| 2026-03-03 | 2026-03-06 | USD 0.1627 |
| 2026-02-03 | 2026-02-06 | USD 0.2178 |
| 2025-12-23 | 2025-12-29 | USD 0.2665 |
| 2025-12-02 | 2025-12-05 | USD 0.2662 |
| 2025-11-04 | 2025-11-07 | USD 0.3390 |
| 2025-10-02 | 2025-10-07 | USD 0.2363 |
| 2025-09-03 | 2025-09-08 | USD 0.2441 |
| 2025-08-04 | 2025-08-07 | USD 0.3147 |
| 2025-07-02 | 2025-07-08 | USD 0.2939 |
| 2025-06-03 | 2025-06-06 | USD 0.4463 |
| 2025-05-02 | 2025-05-07 | USD 0.5584 |
| 2025-04-02 | 2025-04-07 | USD 0.2749 |
| 2025-03-04 | 2025-03-07 | USD 0.2600 |
| 2025-02-04 | 2025-02-07 | USD 0.4334 |
| 2024-12-20 | 2024-12-26 | USD 0.5299 |
| 2024-12-03 | 2024-12-06 | USD 0.3108 |
| 2024-11-04 | 2024-11-07 | USD 0.2263 |
| 2024-10-02 | 2024-10-07 | USD 0.3455 |
| 2024-09-04 | 2024-09-09 | USD 0.3411 |
| 2024-08-02 | 2024-08-07 | USD 0.3023 |
| 2024-07-02 | 2024-07-08 | USD 0.3232 |
| 2024-06-04 | 2024-06-10 | USD 0.2635 |
| 2024-05-02 | 2024-05-08 | USD 0.3647 |
| 2024-04-02 | 2024-04-08 | USD 0.2459 |
| 2024-03-04 | 2024-03-08 | USD 0.4719 |
| 2024-02-02 | 2024-02-08 | USD 0.4099 |
| 2023-12-22 | 2023-12-29 | USD 0.6181 |
| 2023-12-04 | 2023-12-08 | USD 0.5595 |
| 2023-11-02 | 2023-11-08 | USD 0.4213 |
| 2023-10-03 | 2023-10-10 | USD 0.4038 |
| 2023-09-05 | 2023-09-11 | USD 0.3879 |
| 2023-08-02 | 2023-08-08 | USD 0.2256 |
| 2023-07-05 | 2023-07-11 | USD 0.6181 |
| 2023-06-02 | 2023-06-08 | USD 0.4183 |
| 2023-05-02 | 2023-05-08 | USD 0.4463 |
| 2023-04-04 | 2023-04-10 | USD 0.5456 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
