iShares Large Cap Max Buffer Sep ETF (SMAX)

Assets	$88.50M
Expense Ratio	0.50%
PE Ratio	n/a
Shares Out	3.16M
Dividend (ttm)	$0.26
Dividend Yield	0.94%
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	3,153
Open	27.95
Previous Close	27.96
Day's Range	27.93 - 27.96
52-Week Low	26.16
52-Week High	28.03
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	103.72%
BLK CSH FND TREASURY SL AGENCY	XTSLA	1.28%
OCT26 IVV US P @ 669.3	IVV.US FLEX	0.75%
CASH COLLATERAL USD GSCFT	GSCFT	0.12%
MICRO EMINI S&P 500 SEP 26	HWAU6	0.00%
USD CASH	USD	-0.04%
OCT26 IVV US C @ 721.51	IVV.US FLEX	-5.84%

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 7.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.12%.

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:

Jul 18, 2026

Data Sources Report a data error