LQIG ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

LQIG distinguishes itself by focusing on the liquidity of its holdings, screening bonds using MarketAxess' Relative Liquidity Score. With an expense ratio of 0.09%, LQIG aims to provide more accurate real-time pricing visibility into the corporate bond market, potentially leading to tighter bid-ask spreads compared to ETFs that do not prioritize liquidity.

State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) ETF — Price, Holdings & Analysis

The State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is a $0.03 billion fixed-income ETF that seeks to track the MarketAxess U.S. Investment Grade 400 Corporate Bond Index. LQIG distinguishes itself by focusing on the liquidity of its holdings, screening bonds using MarketAxess' Relative Liquidity Score. With an expense ratio of 0.09%, LQIG aims to provide more accurate real-time pricing visibility into the corporate bond market, potentially leading to tighter bid-ask spreads compared to ETFs that do not prioritize liquidity.

ETF Overview

As the first State Street SPDR Fixed Income ETF built on liquidity, LQIG tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index (the "Index"). The Index's emphasis on liquidity and use of sector/issuer constraints in index construction may make LQIG an efficient core beta risk and portfolio management toolBonds in the Index are screened using MarketAxess' proprietary Relative Liquidity Score (RLS), where bonds are considered for inclusion based on having higher-than-average liquidity relative to the broader U.S. corporate bond market, and then assessed for their tradability at the Index level, with final weights derived after constraining for specific issuer and sector characteristicsSeeking to track an index focused on liquidity, LQIG may provide more accurate real-time pricing visibility into the corporate bond market, translating into potentially tighter-bid ask spreads and less volatile premium/discounts than corporate bond ETFs that track indices that do not screen for relative liquidity

LQIG aims to provide exposure to the U.S. investment-grade corporate bond market while prioritizing liquidity. The ETF tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index, which selects bonds based on their Relative Liquidity Score (RLS). This focus on liquidity aims to provide more accurate real-time pricing and potentially tighter bid-ask spreads. The index also incorporates sector and issuer constraints. As of 2026-03-15, LQIG's sector allocation is heavily weighted towards Cash & Others at 100.0%. In terms of country exposure, the fund is primarily invested in the United States (89.9%), with smaller allocations to the United Kingdom (4.2%), Singapore (2.4%), Ireland (0.9%), and Switzerland (0.7%). LQIG may be suitable for investors seeking exposure to investment-grade corporate bonds with an emphasis on liquidity and efficient trading.

Risk Metrics

LQIG's risk profile is influenced by its focus on investment-grade corporate bonds and its liquidity-focused index. The fund's beta of 1.24 (3Y) indicates that it has been more volatile than the broader market. While the fund holds 399 bonds, its sector allocation is concentrated in Cash & Others, which may introduce concentration risk. The fund's expense ratio of 0.09% can create a slight drag on performance over time. Investors should also consider the credit risk associated with corporate bonds, as well as the potential for interest rate fluctuations to impact bond prices. Past performance does not guarantee future results.

Expense Ratio

0.09%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
United States	89.9%
United Kingdom	4.2%
Singapore	2.4%
Ireland	0.9%
Switzerland	0.7%
Japan	0.4%
Australia	0.4%
Canada	0.3%
France	0.3%
Other	0.3%

Dividend Yield

0.00%

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) — 0.49% expense ratio
iShares 20+ Year Treasury Bond ETF (TLT) — 0.15% expense ratio
JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) — 0.14% expense ratio
iShares Core U.S. Aggregate Bond ETF (AGG) — 0.03% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio

State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street SPDR S&P Kensho Future Security ETF (FITE) (Equity) — 0.45% expense ratio

Risk Metrics

Beta: 1.24

Questions & Answers

What is LQIG and what does it track?

LQIG is the State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF. It aims to track the performance of the MarketAxess U.S. Investment Grade 400 Corporate Bond Index.

This index focuses on selecting corporate bonds with higher-than-average liquidity relative to the broader U.S. corporate bond market, using MarketAxess' proprietary Relative Liquidity Score (RLS).

What is the expense ratio for LQIG?

The expense ratio for LQIG is 0.09%. This means that for every $10,000 invested in the fund, $9 is used to cover annual operating expenses.

While there isn't a readily available category average for liquidity-focused bond ETFs, the expense ratio is relatively low compared to actively managed bond funds.

What are the top holdings in LQIG?

As a bond ETF, LQIG does not have traditional 'holdings' in the way that equity ETFs do. Instead, it invests in a basket of corporate bonds.

The fund provides country exposure data, with the largest allocation to the United States (89.9%), followed by the United Kingdom (4.2%), Singapore (2.4%), Ireland (0.9%), and Switzerland (0.7%). The fund's sector allocation is heavily weighted towards Cash & Others at 100.0%.

Is LQIG a good long-term investment?

LQIG's suitability as a long-term investment depends on an investor's individual circumstances and risk tolerance. The ETF offers exposure to investment-grade corporate bonds with a focus on liquidity. Its expense ratio is 0.09%.

However, the potential impact of rising interest rates on bond prices, as well as the credit risk associated with corporate bonds may be worth researching.

How does LQIG compare to similar ETFs?

LQIG differentiates itself from other investment-grade corporate bond ETFs through its focus on liquidity, using the MarketAxess Relative Liquidity Score in its index construction.

While a direct comparison of liquidity metrics is difficult without proprietary data, LQIG's expense ratio of 0.09% is competitive. The fund's AUM is $0.03 billion, which may be smaller than some of its larger competitors.

Does LQIG pay dividends?

According to the provided data, LQIG's dividend yield is 0.00% as of 2026-03-15. This indicates that the fund is not currently distributing any dividend income to its shareholders.

Investors seeking income from their fixed-income investments may want to consider other ETFs with a higher dividend yield. However, it's important to note that dividend yields can fluctuate over time based on market conditions and the fund's underlying holdings.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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