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About iShares Trust iShares Investment Grade Corporate Bond BuyWrite Strategy ETF
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Inception date
Aug 18, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
LQDW is one of the first bond ETFs to utilize a buy-write strategy. The fund holds shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF (ticker: LQD) and sells one-month covered call options. The objective is to provide additional income, in the form of option premium, along with the distributions from the underlying bond portfolio. The fund writes call options up to the full amount of the shares held in the portfolio. In doing so, the fund takes in option premiums but forgoes the upside potential on the bonds at the strike price. The fund uses European-style options, which means the call options can only be exercised on the expiration date. The fund's strategy may outperform in periods of rising rates and widening credit spreads. In periods of declining rates, however, the fund will likely underperform as compared to funds only holding investment grade bonds.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.21%
Cash0.79%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LQDW last dividends amounted to 0.56 USD. The month before, the issuer paid 0.27 USD in dividends, which shows a 50.76% increase.
LQDW assets under management is 237.41 M USD. It's risen 4.37% over the last month.
LQDW fund flows account for 91.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LQDW pays dividends to its holders with the dividend yield of 16.39%. The last dividend (May 7, 2025) amounted to 0.56 USD. The dividends are paid monthly.
LQDW shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Aug 18, 2022, and its management style is Passive.
LQDW expense ratio is 0.34% meaning you'd have to pay 0.34% of your investment to help manage the fund.
LQDW follows the CBOE LQD BuyWrite Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LQDW invests in funds.
LQDW price has fallen by −1.23% over the last month, and its yearly performance shows a −9.64% decrease. See more dynamics on LQDW price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.43% increase in three-month performance and has increased by 5.05% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.43% increase in three-month performance and has increased by 5.05% in a year.
LQDW trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.