LQIG

State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

$95.81

+0.00%

Market closed. Last update: 12:33 PM ET

📎 Investment Objective

The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the MarketAxess Investment Grade 400 Corporate Bond Index.

Overview

ETF tracking State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

Category Corporate Bonds

Issuer State Street

Inception Date 2022-05-12

Market Cap $24.0M

Average Volume N/A

Dividend Yield 4.29%

52-Week Range $92.02 - $98.19

VWAP $96.10

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of investment-grade corporate bonds that are designed to track the performance of the underlying index. The index is composed of 400 of the most liquid and actively traded investment-grade corporate bonds.

✨ Key Features

Provides exposure to a diversified portfolio of investment-grade corporate bonds
Tracks the MarketAxess Investment Grade 400 Corporate Bond Index, which is designed to measure the performance of the most liquid and actively traded investment-grade corporate bonds
Low expense ratio of 0.00%
Suitable for investors seeking broad exposure to the investment-grade corporate bond market

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline when interest rates rise
Credit risk: The fund is exposed to the creditworthiness of the issuers of the underlying bonds
Liquidity risk: The fund may have difficulty buying or selling certain bonds, particularly during periods of market stress
Market risk: The value of the fund's holdings may fluctuate due to changes in the overall market

👤 Best For

The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF may be suitable for investors seeking exposure to the investment-grade corporate bond market as part of a diversified fixed-income portfolio. It may be particularly attractive for investors who value low-cost, passively managed exposure to this asset class.