iShares Large Cap Max Buffer Sep ETF (SMAX)

Assets	$102.28M
Expense Ratio	0.50%
PE Ratio	n/a
Shares Out	3.88M
Dividend (ttm)	$0.26
Dividend Yield	0.98%
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	21,534
Open	26.88
Previous Close	26.91
Day's Range	26.83 - 26.91
52-Week Low	24.50
52-Week High	27.22
Beta	n/a
Holdings	7
Inception Date	Sep 30, 2024

About SMAX

Fund Home Page

The iShares Large Cap Max Buffer Sep ETF (SMAX) is an exchange-traded fund that is based on the S&P 500 index. 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 SMAX was launched on Sep 30, 2024 and is issued by BlackRock.

• Asset Class: Alternatives
• Category: Defined Outcome
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: SMAX
• ETF Provider: BlackRock
• Index Tracked: S&P 500

Top Holdings

Name	Symbol	Weight
iShares Core S&P 500 ETF	IVV	95.08%
Cash Offset	n/a	75.39%
USD CASH	n/a	0.95%
CASH COLLATERAL USD GSCFT	n/a	0.13%
Micro E-mini S&P 500 Index Future June 26	n/a	0.00%
Option On Ishares Core S&P 500 Etf Oct26	n/a	-25.60%
Option On Ishares Core S&P 500 Etf Oct26	n/a	-45.95%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$0.26324	Dec 29, 2025
Dec 30, 2024	$0.06681	Jan 3, 2025

Performance

SMAX had a total return of 9.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.82%.