Key stats
About iShares Trust iShares Large Cap Max Buffer Sep ETF
Home page
Inception date
Sep 30, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
SMAX utilizes a defined outcome strategy on the iShares Core S&P 500 ETF (IVV). It aims to provide long exposure to US large-cap stocks, up to an approximate upside limit, while fully hedging downside risk over a one-year period. The fund primarily invests in IVV and options, including FLEX and listed options that reference the underlying ETF. Though the fund typically seeks to hedge against approximately 100% of IVVs losses, this may be reduced to establish a minimum cap of 2%. The upside cap and downside buffer reset every year, at the end of each September. The specific defined outcome pursued may only be possible if an investor were to hold the shares for the entire outcome period. However, there is no guarantee the defined outcome of the strategy pursued will be realized by investors. The issuer publishes effective interim levels daily on its website. The targeted buffers and caps do not include the fund's expense ratio. At the time of launch, the issuer waived a portion of the fee.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF98.82%
Cash1.18%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMAX assets under management is 89.95 M USD. It's fallen 6.51% over the last month.
SMAX fund flows account for 72.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMAX pays dividends to its holders with the dividend yield of 0.26%. The last dividend (Jan 3, 2025) amounted to 0.07 USD. The dividends are paid annually.
SMAX shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Sep 30, 2024, and its management style is Passive.
SMAX expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
SMAX follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMAX invests in funds.
SMAX price has risen by 1.44% over the last month, and its yearly performance shows a 4.60% increase. See more dynamics on SMAX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.35% over the last month, showed a 4.95% increase in three-month performance and has increased by 4.01% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.35% over the last month, showed a 4.95% increase in three-month performance and has increased by 4.01% in a year.
SMAX trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.