IShares iBoxx $ Investment Grade Corporate Bond ETF LQD is a decent choice for exposure to the intermediate-term investment-grade corporate bond market. But the strategy courts more interest-rate risk than most of its peers in the corporate bond Morningstar Category, and it is more expensive than several similar offerings. Under our enhanced ratings framework, which places a greater emphasis on fees, the fund’s Morningstar Analyst Rating has been downgraded to Neutral from Bronze.
Will LQD outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of LQD’s parent organization’s priorities and whether they’re in line with investors’ interests.