iShares US Large Cap Deep Buffer UCITS ETF

ACTIVEEquity
Equity
USDB

iShares US Large Cap Deep Buffer UCITS ETF

ACTIVE
  • NAV as of 25/Sept/2026
    USD 5.30
  • 1 Day NAV Change as of 25/Sept/2026
    USD 0.03(0.51%)
  • NAV Total Return as of 25/Sept/2026
    YTD: 3.43%
  • NAV as of 25/Sept/2026
    USD 5.30
  • 1 Day NAV Change as of 25/Sept/2026
    USD 0.03(0.51%)
  • NAV Total Return as of 25/Sept/2026
    YTD: 3.43%

WHY USDB?

  1. Provides exposure to US large cap equities via total return swaps and a level of downside protection against negative performance in the protected buffer performance area. 
  2. Aims to protect against approximately -5% to -20% of the Index's downside performance when shares are held from the beginning to the end of the quarter (less fees and expenses ), whilst also providing the ability to capture market upside to a set cap.  
  3. Through its outcome period, the Fund has the potential to protect against equity volatility.

INVESTMENT OBJECTIVE

The Fund aims to reflect the price return of US large cap equities represented by the S&P 500 Index (the "Index") up to an approximate cap on positive performance of the Index (the “Upside Cap”) whilst seeking to provide a level of downside protection against negative performance of the Index (the “Approximate Buffer”) when shares are held from the beginning to the end of a specified 3-month outcome period (the “Outcome Period”). 

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.



All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Performance

RETURNS

This chart has been left intentionally blank as there is less than one year's performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Risks

The value of equities and equity-related securities can be affected by daily stock market movements, political factors, economic news, company earnings and significant corporate events.Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.There can be no guarantee that the Fund will be successful in its strategy to provide downside protection against the Index losses. In the event an investor purchases Shares after an Outcome Period begins or sells Shares prior to the end of the Outcome Period, the investor may not benefit fully from the loss protection of the Approximate Buffer. In the event that the Index experiences gains in excess of the upside limit, the Fund will not participate in those gains beyond the upside limit.Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss.

Key Facts

Net Assets of Fund
as of 25/Sept/2026
USD 31,027,023
Base Currency
USD
Comparator Benchmark 1
S&P 500 Price Return Index
Shares Outstanding
as of 25/Sept/2026
5,848,646
ISIN
IE000EOFR2K5
Use of Income
Accumulating
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
USDB LN
ISA Eligibility
Yes
Fund Launch Date
30/Sept/2025
Asset Class
Equity
SFDR Classification
Other
Total Expense Ratio
0.50%
Weighted Average Swap Spread
as of 25/Sept/2026
0.055%
Domicile
Ireland
Issuing Company
iShares VI plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 March
SIPP Available
Yes
UK Reporting Status
Yes

Strategy Characteristics

The Fund seeks to reflect the price return of US large cap equities represented by the S&P 500 Index (the “Reference Index”) up to a pre-determined approximate cap (the “Upside Cap”) while seeking to provide a level of downside protection against negative performance of the Reference Index below a certain level (the "Approximate Buffer") when shares are held from the beginning to the end of an outcome period (“Outcome Period”).

The table below provides the Approximate Buffer and Upside Cap levels at the start of the current Outcome Period together with an indication of the latest available values during the current Outcome Period. The below Strategy Characteristics should be read in conjunction with the Fund’s prospectus, any relevant supplement and the Fund’s KIID/KID (including the risks associated with an investment in the Fund) prior to making any investment.

Approximate values at start of Outcome Period

Approximate Buffer at the start of Outcome Period
14.86%
Upside Cap at the start of Outcome Period
5.81%
Downside before Approximate Buffer
-5.13%
Outcome Period end date
30/Sept/2026
Outcome Period start date
01/Jul/2026

Recent values

Remaining outcome period (Days)
as of 25/Sept/2026
5
Remaining Upside Cap
as of 25/Sept/2026
2.69%
Return in Reference Index to Realise Remaining Upside Cap
as of 25/Sept/2026
2.60%
Remaining Approximate Buffer
as of 25/Sept/2026
14.59%
Potential loss before Approximate Buffer
as of 25/Sept/2026
-7.92%

Reference Index Values

Reference Index
SNP500PX
Reference Index value
as of 25/Sept/2026
USD 7,743.41
Approximate Reference Index value at which Upside Cap is reached
as of 25/Sept/2026
USD 7,945.00
Approximate Reference Index value at which the Approximate Buffer starts
as of 25/Sept/2026
USD 7,125.00
Approximate Reference Index value at which the Approximate Buffer ends
as of 25/Sept/2026
USD 6,000.00

Important Information: Capital at Risk. The value of investments can fall as well as rise and are not guaranteed. The Fund poses a risk of capital loss and investors may not get back the amount originally invested. There is no guarantee that the Fund will be successful in providing these investment outcomes for any Outcome Period.

Portfolio Characteristics

Number of Holdings
as of 25/Sept/2026
117
3y Beta
as of -
-
P/B Ratio
as of 25/Sept/2026
5.70
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 25/Sept/2026
36.79

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Saudi Arabia

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

% of Market Value as of
25/Sept/2026
Type
Fund
Other99.90
Cash and/or Derivatives0.10
Energy0.00
Materials0.00
Utilities0.00
Financials0.00
Health Care0.00
Industrials0.00
Real Estate0.00
Communication0.00
Allocations are subject to change.

Benchmark Constituents

as of 25/Sept/2026
LocationWeight (%) ISINNameSectorTicker
United States8.16US67066G1040NVIDIAInformation Technology-
United States7.46US0378331005APPLEInformation Technology-
United States5.74US5949181045MICROSOFTInformation Technology-
United States3.67US0231351067AMAZON.COM INCConsumer Discretionary-
United States3.02US02079K3059ALPHABET CLASS ACommunication-
United States2.52US11135F1012BROADCOM INCInformation Technology-
United States2.48US30303M1027META PLATFORMS CLASS ACommunication-
United States2.43US02079K1079ALPHABET CLASS CCommunication-
United States1.83US5951121038MICRON TECHNOLOGYInformation Technology-
United States1.57US88160R1014TESLA INCConsumer Discretionary-
Listed here are the ten largest constituents of the Fund’s Benchmark Index; these may or may not be held by the Fund. The Fund seeks to track the performance of the Benchmark Index through the use of derivatives.

Benchmark Breakdowns

as of
25/Sept/2026
Type
Index
Information Technology39.39
Financials11.58
Communication9.96
Health Care9.28
Consumer Discretionary8.62
Industrials8.12
Consumer Staples4.39
Energy3.38
Utilities1.86
Materials1.71
The Breakdowns shown here represent those of the Benchmark Index.

Listings

Exchange
Ticker
Currency
Listing Date
SEDOL
Bloomberg Ticker
RIC
Borsa ItalianaUSDBEUR03/Oct/2025BPRB9N6USDB IMUSDB.MI
Euronext AmsterdamUSDBUSD03/Oct/2025BN2SB87USDB NAUSDB.AS
London Stock ExchangeUSDBGBP03/Oct/2025BN2TBW4USDB LNUSDB.L
SIX Swiss ExchangeUSDBUSD03/Oct/2025BPRB9K3USDB SEUSDB.S
XetraDBUSEUR06/Oct/2025BN2T8C3DBUS GYDBUS.DE

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Portfolio Managers

Kyle Peppo
Kyle Peppo
Kyle McClements
Kyle McClements
Orlando Montalvo
Orlando Montalvo

If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.