iShares Large Cap Max Buffer Dec ETF (DMAX)

Assets	$136.92M
Expense Ratio	0.50%
PE Ratio	n/a
Shares Out	4.92M
Dividend (ttm)	$0.31
Dividend Yield	1.13%
Ex-Dividend Date	Dec 23, 2025
Payout Frequency	n/a
Payout Ratio	n/a

Volume	11,198
Open	27.85
Previous Close	27.82
Day's Range	27.84 - 27.86
52-Week Low	26.38
52-Week High	27.86
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	105.22%
Cash Offset	n/a	87.14%
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	-0.03%
Option On Ishares Core S&P 500 Etf Jan27	n/a	-13.13%
Option On Ishares Core S&P 500 Etf Jan27	n/a	-80.53%

Dividend History

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

Performance

DMAX had a total return of 6.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.85%.

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 3, 2026

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