iShares Large Cap Max Buffer Dec ETF (DMAX)

Assets	n/a
Expense Ratio	0.50%
PE Ratio	n/a
Shares Out	5.04M
Dividend (ttm)	$0.31
Dividend Yield	1.16%
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	n/a
Payout Ratio	n/a

Volume	3,527
Open	27.10
Previous Close	27.06
Day's Range	27.09 - 27.11
52-Week Low	25.00
52-Week High	27.12
Beta	n/a
Holdings	7
Inception Date	Dec 31, 2024

About DMAX

Fund Home Page

The iShares Large Cap Max Buffer Dec ETF (DMAX) is an exchange-traded fund that mostly invests in downside hedge alternatives. The fund seeks to track the price return of the iShares Core S&P 500 ETF (IVV) up to a cap, with 100% downside hedge over a one-year outcome period. The actively managed fund obtains exposure by holding IVV shares and options. DMAX was launched on Dec 31, 2024 and is issued by BlackRock.

• Asset Class: Alternatives
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: DMAX
• ETF Provider: BlackRock

Top Holdings

Name	Symbol	Weight
iShares Core S&P 500 ETF	IVV	102.09%
JAN27 IVV US P @ 684.94	IVV.US FLEX	3.51%
BLK CSH FND TREASURY SL AGENCY	XTSLA	0.66%
CASH COLLATERAL USD GSCFT	GSCFT	0.12%
MICRO EMINI S&P 500 JUN 26	HWAM6	0.00%
USD CASH	USD	-0.03%
JAN27 IVV US C @ 731.52	IVV.US FLEX	-6.34%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$0.31468	Dec 29, 2025

Performance

DMAX had a total return of 9.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.83%.