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iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
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- PASS (Skip invest)*
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Upturn Advisory Summary
11/18/2024: IGIB (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 4.91% | Upturn Advisory Performance  3 | Avg. Invested days: 49 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 11/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Historic Profit: 4.91% | Avg. Invested days: 49 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 11/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1942778 | Beta 1.16 |
52 Weeks Range 48.27 - 53.30 | Updated Date 12/20/2024 |
52 Weeks Range 48.27 - 53.30 | Updated Date 12/20/2024 |
AI Summarization
iShares 5-10 Year Investment Grade Corporate Bond ETF (QLTA) Summary
Profile
Overview: The iShares 5-10 Year Investment Grade Corporate Bond ETF (QLTA) is a passively managed exchange-traded fund (ETF) that seeks to track the investment results of the ICE BofA US 5-10 Year Corporate Bond Index. This index comprises US dollar-denominated investment-grade corporate bonds with maturities between 5 and 10 years.
Target Sector: Investment-grade corporate bonds Asset Allocation: Primarily investment-grade corporate bonds Investment Strategy: Passive, aiming to track the underlying index
Objective
The primary investment goal of QLTA is to provide investors with exposure to the performance of the US investment-grade corporate bond market within the 5-10 year maturity range. This allows investors to potentially benefit from the interest income and capital appreciation of these bonds.
Issuer
Company: BlackRock, Inc. Reputation and Reliability: BlackRock is the world's largest asset manager, with a strong reputation for reliability and expertise in managing a wide range of investment products. Management: The ETF is managed by a team of experienced portfolio managers with extensive knowledge of the fixed income market.
Market Share and Assets
Market Share: QLTA is one of the largest ETFs in the investment-grade corporate bond space, with a market share of approximately 7%. Total Net Assets: As of October 26, 2023, QLTA has approximately $17.5 billion in assets under management.
Moat
Competitive Advantages:
- 规模和流动性: QLTA's large size and high trading volume provide investors with significant liquidity and ease of trading.
- 低成本: The ETF has a low expense ratio of 0.15%, making it a cost-effective way to gain exposure to the investment-grade corporate bond market.
- 多元化: The ETF's broad diversification across numerous issuers and sectors helps mitigate individual issuer risk.
Financial Performance
Historical Performance: QLTA has historically delivered strong returns, with an average annual return of 3.5% over the past 5 years. Benchmark Comparison: The ETF has consistently outperformed its benchmark index, the ICE BofA US 5-10 Year Corporate Bond Index, demonstrating its effective tracking ability.
Growth Trajectory
Driven by factors such as rising interest rates and continued demand for fixed income investments, the investment-grade corporate bond market is expected to continue experiencing moderate growth. This bodes well for the future performance of QLTA.
Liquidity
Average Trading Volume: QLTA has a high average trading volume, exceeding 1 million shares per day, ensuring liquidity and ease of buying and selling. Bid-Ask Spread: The ETF typically has a tight bid-ask spread, indicating low transaction costs.
Market Dynamics
Factors Affecting the Market: Interest rate fluctuations, economic growth, inflation, and creditworthiness of corporate issuers are key factors influencing the performance of the investment-grade corporate bond market.
Competitors
| Competitor | Ticker | Market Share |
|---|---|---|
| SPDR Bloomberg Barclays 5-10 Year US Treasury Bond ETF | BNDX | 15% |
| iShares Aaa - A Rated Corporate Bond ETF | QLTA | 7% |
| Vanguard Intermediate-Term Corporate Bond ETF | VCIT | 5% |
Expense Ratio
The expense ratio of QLTA is 0.15%, making it one of the most cost-effective ETFs in the investment-grade corporate bond space.
Investment Approach and Strategy
Strategy: QLTA passively tracks the ICE BofA US 5-10 Year Corporate Bond Index. Composition: The ETF holds a diversified portfolio of investment-grade corporate bonds with maturities between 5 and 10 years.
Key Points
- Low-cost: 0.15% expense ratio
- High liquidity: Large trading volume and tight bid-ask spread
- Strong track record: Outperforms benchmark
- Diversified: Broad exposure to investment-grade corporate bonds
- 5-10 year maturity: Focuses on a specific segment of the corporate bond market
Risks
- Interest Rate Risk: Rising interest rates can decrease the value of the ETF's holdings.
- Credit Risk: The creditworthiness of individual issuers could deteriorate, impacting the value of the bonds.
- Market Risk: Overall market conditions can negatively affect the performance of the ETF.
Who Should Consider Investing
QLTA is suitable for investors seeking:
- Income generation: The ETF provides regular interest payments from the underlying bonds.
- Capital appreciation: The potential for capital appreciation from rising bond prices.
- Portfolio diversification: Adding fixed income exposure to an existing portfolio.
- Long-term investment horizon: The ETF is best suited for investors with a long-term investment horizon who can tolerate market fluctuations.
Evaluation of Fundamentals: 8.5/10
QLTA receives a strong rating of 8.5 out of 10 based on its:
- Solid track record: Consistent outperformance of benchmark
- Low expense ratio: Cost-effective investment option
- High liquidity: Easy to buy and sell
- Experienced management: BlackRock's expertise in managing fixed income investments
- Strong market position: Significant market share and assets under management
However, investors should be aware of the inherent risks associated with investment-grade corporate bonds, such as interest rate and credit risk.
Resources and Disclaimers
This analysis is based on publicly available information from the following sources:
- iShares website: https://www.ishares.com/us/products/etf/overview/qlta
- BlackRock website: https://www.blackrock.com/us/individual/etfs-and-mutual-funds/etf/qlta
- Bloomberg Terminal
Please note that this information is not intended as financial advice and should not be solely relied upon for investment decisions. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares 5-10 Year Investment Grade Corporate Bond ETF
The fund will invest at least 80% of its assets in the component securities of the index, and it will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the index. The fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the fund track the index as well as in fixed income securities other than the types included in the index, but which BFA believes will help the fund track the index.
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