iShares Large Cap Max Buffer Dec ETF (DMAX)

Assets	$131.83M
Expense Ratio	0.50%
PE Ratio	24.99
Forward PE	19.90
Shares Out	4.72M
Dividend	$0.31 (1.13%)
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	n/a
Payout Ratio	n/a

Volume	113,281
Open	27.84
Previous Close	27.86
Day's Range	27.84 - 27.89
52-Week Low	26.38
52-Week High	27.92
Beta	n/a
Holdings	8
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
• Category: Defined Outcome
• Region: North America
• Stock Exchange: Cboe BZX
• Ticker Symbol: DMAX
• ETF Provider: BlackRock

Top Holdings

Name	Symbol	Weight
iShares Core S&P 500 ETF	IVV	106.75%
Cash Offset	n/a	91.21%
BlackRock Cash Funds Treasury SL Agency	XTSLA	1.21%
CASH COLLATERAL USD GSCFT	n/a	0.12%
Micro E-mini S&P 500 Index Future Dec 26	n/a	0.00%
USD CASH	n/a	-0.01%
Option On Ishares Core S&P 500 Etf Jan27	n/a	-9.56%
Option On Ishares Core S&P 500 Etf Jan27	n/a	-89.72%

Dividend History

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

Performance

DMAX had a total return of 6.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.75%.

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:

Oct 16, 2026

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