{"schemaVersion":1,"ticker":"LQDM","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/lqdm/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, LQDM against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/lqdm/"},"benchmark":{"ticker":"LQD","name":"US investment grade bonds (LQD)","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":61.0,"date":"2026-09-30","url":"https://storage.googleapis.com/amplify-etfs-data-feed.firebasestorage.app/tax-documents/LQDM/19a-1_Notice_09-30-26_LQDM.pdf"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":61.0,"from":"2026-09-30","to":"2026-09-30","notices":1,"distributions":5,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","status":"none-yet"}},"kind":"benchmark","a":"LQDM","b":"LQD","window":{"from":"2026-05-01","to":"2026-10-23","firstReturn":"2026-05-08","weeklyReturns":25,"years":0.48,"short":true,"weekEnding":"2026-10-25","cumulativeOnly":"25 weekly returns, 2026-05-01 to 2026-10-23: cumulative numbers only, nothing annualised"},"riskFree":{"rate":0.03865868,"perWeek":0.0007434361,"days":121,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":-0.01807259,"b":-0.02432676,"edge":"LQDM","lead":"LQDM"},"annualised":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"},"price":{"a":-0.06624066,"b":-0.04373849,"edge":"LQD","lead":"LQD"},"volatility":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"},"downsideDeviation":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"},"maxDrawdown":{"a":-0.04382531,"b":-0.05475179,"edge":"LQDM","lead":"LQDM","aPeak":"2026-06-26","aTrough":"2026-10-02","bPeak":"2026-06-26","bTrough":"2026-10-02"},"excess":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"},"sharpe":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"},"sortino":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"},"calmar":{"a":null,"b":null,"absent":"25 weekly returns, under the 52 an annualised number needs"}},"relative":{"LQDM":{"on":"LQD","beta":0.84255576,"r2":0.97859958,"alpha":null,"alphaT":null,"alphaLow":null,"alphaHigh":null,"upsideCapture":null,"downsideCapture":null,"treynor":null,"trackingError":null,"informationRatio":null,"upWeeks":14,"downWeeks":11,"absent":"25 weekly returns: alpha, Treynor, the captures, tracking error and the information ratio need 52","edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true}}}},"sources":{"LQDM":{"kept":"2026-10-26","distributions":5,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":25,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.01807259}},"LQD":{"kept":"2026-10-26","distributions":5,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":25,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.02432676}}}}