iShares Large Cap Max Buffer Mar ETF (MMAX)

Assets	$74.04M
Expense Ratio	0.50%
PE Ratio	22.95
Forward PE	18.54
Shares Out	2.68M
Dividend	$0.34 (1.25%)
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	n/a
Payout Ratio	28.74%

Volume	16,748
Open	27.50
Previous Close	27.50
Day's Range	27.47 - 27.54
52-Week Low	26.16
52-Week High	27.66
Beta	n/a
Holdings	7
Inception Date	Mar 31, 2025

About MMAX

Fund Home Page

The iShares Large Cap Max Buffer Mar ETF (MMAX) 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. MMAX was launched on Mar 31, 2025 and is issued by BlackRock.

• Asset Class: Alternatives
• Category: Defined Outcome
• Region: North America
• Stock Exchange: Cboe BZX
• Ticker Symbol: MMAX
• ETF Provider: BlackRock

Top Holdings

Name	Symbol	Weight
iShares Core S&P 500 ETF	IVV	106.76%
APR27 IVV US P @ 653.21	IVV.US FLEX	1.92%
BLK CSH FND TREASURY SL AGENCY	XTSLA	1.09%
CASH COLLATERAL USD GSCFT	GSCFT	0.14%
MICRO EMINI S&P 500 DEC 26	HWAZ6	0.00%
USD CASH	USD	-0.09%
APR27 IVV US C @ 699.07	IVV.US FLEX	-9.80%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$0.34456	Dec 29, 2025

Performance

MMAX had a total return of 6.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.89%.

Data Sources: S&P Global Market Intelligence, CBOE, and more

Historical data is provided by S&P Global Market Intelligence. Real-time stock price data is provided by CBOE and 15-minute delayed consolidated tape pricing data is provided by Nasdaq UTP. Several fund data points are also provided by Finnhub.

Last checked:

Nov 7, 2026

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