# iShares USD Corp Bond UCITS ETF (LQDS) **Source:** https://fundology.uk/fund/lqds · ISIN IE0032895942 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, LQDS (iShares USD Corp Bond UCITS ETF, ISIN IE0032895942) closed at £71.32 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 30/09/2026 its total return was −4.4%, or −25.3% after UK CPIH inflation. ## Summary iShares USD Corp Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2003. It tracks the iBoxx USD Liquid Investment Grade Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 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: **£71.32** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | LQDS | | ISIN | IE0032895942 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | iBoxx USD Liquid Investment Grade Index | | Income | Distributing | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £2.0bn | | Launched | 2003 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -2.58% | -5.63% | income reinvested | | 3 years | +5.54% | -4.76% | income reinvested | | 5 years | -4.40% | -25.27% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Corp Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −11.2%, 2023 −1.7%, 2024 −3.0%, 2025 −4.1%; 2026 to 30/09/2026 −6.5%. Returns of iShares USD Corp Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −7.6%; to 30/09/2025: −2.3%; to 30/09/2024: +0.1%; to 30/09/2023: −9.8%; to 30/09/2022: −6.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -11.2% | -18.7% | Price | | 2023 | -1.7% | -5.6% | Price | | 2024 | -3.0% | -6.3% | Price | | 2025 | -4.1% | -7.4% | Price | | 2026 to 30/09/2026 | -6.5% | -9.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.56% | -10.01% | | 3 years | 8.08% | -13.15% | | 5 years | 8.93% | -26.43% | ## Largest fall Volatility of iShares USD Corp Bond UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 6.6% over 1 year, 8.1% over 3 years, 8.9% over 5 years. Largest fall in the price of iShares USD Corp Bond UCITS ETF since October 2021, in pounds: −26.4% from 03/12/2021 to 30/09/2026. The lowest 12-month return of iShares USD Corp Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −13.6% (12 months to 18/08/2023); the highest was +4.5% (12 months to 16/08/2024). On 30/09/2026 the price of iShares USD Corp Bond UCITS ETF was 26.4% below its highest weekly close since October 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Corp Bond UCITS ETF 0.20% a year, as of 01/10/2026: 206 of the 383 other corporate and other bond funds charge more, 38 the same and 139 less (share classes counted once). ## Funds tracking the same index 4 funds track iBoxx USD Liquid Investment Grade Index, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD Corp Bond UCITS ETF (this fund) | 0.20% | -2.6% | +5.5% | -4.4% | | iShares USD Corp Bond UCITS ETF | 0.25% | -4.1% | +13.1% | -9.9% | | iShares USD Corp Bond UCITS ETF Acc | 0.20% | -2.9% | +5.6% | -5.3% | | iShares USD Corp Bond UCITS ETF Hedged EUR | 0.25% | -7.9% | +6.4% | -17.1% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | JPMorgan Chase | 2.49% | | Oracle | 2.14% | | Amazon | 2.08% | | Goldman Sachs Group Inc/The | 1.91% | | Morgan Stanley Mtn | 1.89% | | Bank of America Corp Mtn | 1.84% | | Meta Platforms | 1.74% | | Verizon Communications | 1.57% | | AT&T | 1.53% | | Alphabet | 1.47% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Banking | 22.9% | | Health Care | 11.7% | | Communication Services | 10.8% | | Energy | 8.0% | | Consumer Cyclical | 7.5% | | Consumer Non-Cyclical | 5.1% | | Capital Goods | 4.8% | | Electric | 4.2% | | Other sectors | 25.0% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Bonds | 99.1% | | Cash and money market | 1.0% | All 598 holdings: https://fundology.uk/fund/lqds/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.