# iShares USD Corp Bond Interest Rate Hedged UCITS ETF (LQDH)

**Page:** https://fundology.uk/fund/lqdh · ISIN IE00BCLWRB83

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, LQDH (iShares USD Corp Bond Interest Rate Hedged UCITS ETF, ISIN IE00BCLWRB83) closed at $104.67 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was +32.2%, or +3.2% after UK CPIH inflation.

## Summary

iShares USD Corp Bond Interest Rate Hedged UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2013. It tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **$104.67** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LQDH |
| ISIN | IE00BCLWRB83 |
| Also listed as | IS3F (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index |
| Income | Distributing |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £75.5m |
| Launched | 2013 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 17/09/2013 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +3.68% | +0.01% | income reinvested |
| 3 years | +11.80% | +1.01% | income reinvested |
| 5 years | +32.21% | +3.19% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares USD Corp Bond Interest Rate Hedged UCITS ETF in pounds (price only, income paid out not included): 2022 +10.1%, 2023 +0.4%, 2024 +4.3%, 2025 −7.0%; 2026 to 13/11/2026 +1.9%. Returns of iShares USD Corp Bond Interest Rate Hedged UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +0.7%; to 30/09/2025: +1.8%; to 30/09/2024: −5.3%; to 30/09/2023: −3.0%; to 30/09/2022: +14.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +10.1% | +0.8% | Price |
| 2023 | +0.4% | -3.6% | Price |
| 2024 | +4.3% | +0.7% | Price |
| 2025 | -7.0% | -10.2% | Price |
| 2026 to 13/11/2026 | +1.9% | -1.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.89% | -3.98% |
| 3 years | 6.44% | -11.42% |
| 5 years | 7.63% | -11.42% |

## Largest fall

Volatility of iShares USD Corp Bond Interest Rate Hedged UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year, 6.4% over 3 years, 7.6% over 5 years. Largest fall in the price of iShares USD Corp Bond Interest Rate Hedged UCITS ETF since November 2021, in pounds: −11.4% from 17/01/2025 to 27/06/2025. The lowest 12-month return of iShares USD Corp Bond Interest Rate Hedged UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −8.9% (12 months to 30/01/2026); the highest was +16.8% (12 months to 21/10/2022). On 13/11/2026 the price of iShares USD Corp Bond Interest Rate Hedged UCITS ETF was 7.2% below its highest weekly close since November 2021 (17/01/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares USD Corp Bond Interest Rate Hedged UCITS ETF 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once).

## Funds tracking the same index

2 funds track Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD Corp Bond Interest Rate Hedged UCITS ETF (this fund) | 0.25% | +3.7% | +11.8% | +32.2% |
| iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD | 0.25% | +3.7% | +11.8% | +32.2% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, LQDH holds 2,997 positions, according to its published holdings. The largest is Cash Collateral USD Bzfut at 2.32% of the fund; the ten largest make up 3.7%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash Collateral USD Bzfut | — | 2.32% |
| 2 | Anheuser-Busch Companies LLC 4.90% 01/02/2046 | — | 0.18% |
| 3 | Paramount Skydance Corp 144A 7.05% 15/10/2031 | — | 0.17% |
| 4 | CVS Health Corp 5.05% 25/03/2048 | — | 0.16% |
| 5 | Meta Platforms Inc 4.88% 15/11/2035 | — | 0.16% |
| 6 | Space Exploration Technologies Cor 144A 5.35% 15/07/2031 | — | 0.16% |
| 7 | Amazon.Com Inc 4.88% 13/03/2036 | — | 0.15% |
| 8 | Pfizer Investment Enterprises Pte 5.30% 19/05/2053 | — | 0.15% |
| 9 | Bank of America Corp Mtn 5.01% 22/07/2033 | — | 0.14% |
| 10 | Meta Platforms Inc 6.30% 15/05/2056 | — | 0.14% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Banking | 22.1% |
| Health Care | 11.5% |
| Communication Services | 11.2% |
| Energy | 7.8% |
| Consumer Cyclical | 7.2% |
| Consumer Non-Cyclical | 5.2% |
| Capital Goods | 4.5% |
| Electric | 4.3% |
| Other sectors | 26.2% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 97.6% |
| Cash and money market | 2.4% |

The 2,956 holdings on record (of 2,997 reported): https://fundology.uk/fund/lqdh/holdings

## Questions people ask

**What is the ongoing charge of LQDH?**

The ongoing charge of LQDH is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares USD Corp Bond Interest Rate Hedged UCITS ETF 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once).

**What does LQDH track?**

LQDH tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index.

**Is LQDH accumulating or distributing?**

LQDH is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of LQDH?**

The ISIN of LQDH is IE00BCLWRB83. An ISIN identifies one exact share class of a fund; LQDH is its ticker on the London Stock Exchange. The same share class is also listed as IS3F (Xetra, euros).

**What does LQDH hold?**

As of 06/11/2026, LQDH holds 2,997 positions, according to its published holdings. The largest is Cash Collateral USD Bzfut at 2.32% of the fund; the ten largest make up 3.7%. Its ten largest holdings are Cash Collateral USD Bzfut (2.32%), Anheuser-Busch Companies LLC 4.90% 01/02/2046 (0.18%), Paramount Skydance Corp 144A 7.05% 15/10/2031 (0.17%), CVS Health Corp 5.05% 25/03/2048 (0.16%), Meta Platforms Inc 4.88% 15/11/2035 (0.16%), Space Exploration Technologies Cor 144A 5.35% 15/07/2031 (0.16%), Amazon.Com Inc 4.88% 13/03/2036 (0.15%), Pfizer Investment Enterprises Pte 5.30% 19/05/2053 (0.15%), Bank of America Corp Mtn 5.01% 22/07/2033 (0.14%) and Meta Platforms Inc 6.30% 15/05/2056 (0.14%).

**What were LQDH’s returns in each of the last five years?**

Calendar-year returns of LQDH in pounds (price only, income paid out not included): 2022 +10.1%, 2023 +0.4%, 2024 +4.3%, 2025 −7.0%; 2026 to 13/11/2026 +1.9%. Past performance is not a guide to future returns.

**How has LQDH done after inflation?**

Over the five years to 13/11/2026 LQDH’s total return was +32.2%, or +3.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/257320/ishares-corporate-bond-interest-rate-hedged-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-corp-bond-interest-rate-hedged-ucits-etf-usd-dist-gb-ie00bclwrb83-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/lqdh-ishares-corp-bond-interest-rate-hedged-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.