IVVM
EquityACTIVE

iShares Large Cap Moderate Quarterly Laddered ETF

NAV as ofJul 31, 2026
$37.1352 WK: 32.59 - 37.28
1 Day NAV Change as ofJul 31, 2026
Increase $0.19(0.50%)
NAV Total Return as ofJul 30, 2026
YTD: Increase 6.33%
Unsubsidized 30-Day SEC Yield as ofJun 30, 2026
0.66%
30 Day SEC Yield as ofJun 30, 2026
0.66%
12m Trailing Yield as ofJun 30, 2026
0.59%
Expense Ratio:Fees as stated in the prospectus
0.53%
Net Expense Ratio:Fees as stated in the prospectus
0.50%
NAV as ofJul 31, 2026
$37.1352 WK: 32.59 - 37.28
1 Day NAV Change as ofJul 31, 2026
Increase $0.19(0.50%)
NAV Total Return as ofJul 30, 2026
YTD: Increase 6.33%
Unsubsidized 30-Day SEC Yield as ofJun 30, 2026
0.66%
30 Day SEC Yield as ofJun 30, 2026
0.66%
12m Trailing Yield as ofJun 30, 2026
0.59%
Expense Ratio:Fees as stated in the prospectus
0.53%
Net Expense Ratio:Fees as stated in the prospectus
0.50%

The iShares Large Cap Moderate Quarterly Laddered ETF seeks to provide exposure to large cap U.S. equities with downside protection through a series of buffers with staggered maturities. Each buffer is designed to provide downside protection from approximately the first 5% of losses, in exchange for limited upside potential. The fund offers a way to seek downside protection while mitigating timing risk through a laddered buffer strategy.

ProspectusPDF, opens in a new tabFinancial and Legal Documentsopens in a new tabData DownloadExcel, opens in a new tab

Key Facts

Net Assets of Fund
Closing Price
Daily Volume
Exchange
Cboe BZX
Benchmark Index
S&P 500 Index (USD)
Distribution Frequency
Annual
CUSIP
092528702
30 Day Avg. Volume
21,101.00
as of Jul 31, 2026
Fund Inception
Jun 28, 2023
Asset Class
Equity
Shares Outstanding
4,720,000
as of Jul 31, 2026
Premium/Discount
-0.02
as of Jul 31, 2026
30 Day Median Bid/Ask Spread
0.14%
as of Jul 31, 2026

Strategy Characteristics

The Fund seeks to obtain downside protection by employing a “laddered” strategy pursuant to which it buys and sells approximately three-month Flexible Exchange Options or other exchange-traded options (referred to herein as “FLEX Options”) with overlapping expiration dates on a rolling basis. Each three-month period is referred to as a “Tranche” and each set of FLEX Options for that Tranche is designed to provide exposure to the share price return of the Underlying ETF (referred to below as the “Reference Asset”) up to an approximate upside limit (“Tranche Cap”), while seeking to provide downside protection (a “buffer”) against approximately the first 5% of Underlying ETF losses (“Tranche Buffer”). When one set of FLEX Options ends, another set of FLEX Options is entered into by the Fund. The table below reflects the estimated information for each Tranche before fees and expenses of the Fund and provides an indication of the Tranche Cap and Tranche Buffer within each Tranche; however, please note that the table does not reflect the potential upside limit or downside protection for the Fund as a whole.

Initial Tranche Summary (as of Tranche Start Date)Tranche #1Tranche #2Tranche #3
Reference Asset
IVVIVVIVV
Tranche Start Date
May 01, 2026Jun 01, 2026Jul 01, 2026
Tranche End Date
Jul 31, 2026Aug 31, 2026Sep 30, 2026
Initial Reference Asset Value
$722.07$760.05$748.89
Tranche Cap Value
$761.28$800.64$789.33
Initial Tranche Cap Percentage
5.43%5.34%5.40%
Tranche Buffer Start Value
$722.07$760.05$748.89
Initial Tranche Buffer Start Percentage
0.00%0.00%0.00%
Tranche Buffer End Value
$685.97$722.05$711.45
Initial Tranche Buffer End Percentage
-5.00%-5.00%-5.00%
Current Reference Asset Summary (as of Jul 30, 2026)1 Days32 Days62 Days
Reference Asset Value
$745.20$745.20$745.20
Remaining Tranche Cap Percentage
2.16%7.44%5.92%
Reference Asset Value Change to Tranche Buffer Start
-3.10%1.99%0.50%
Reference Asset Value Change to Tranche Buffer End
-7.95%-3.11%-4.53%
Tranche Weight of the Fund
33.30%33.35%33.35%

Data PointDefinition
Tranche Start Date The start date of the Tranche.
Tranche End Date The last day of the Tranche.
Initial Reference Asset Value Price of the Reference Asset as of the close of market on the day before the Tranche Start Date
Tranche Cap Value The price of the Reference Asset at which the Tranche Cap is reached. The Tranche Cap Value is based on the strike price of the written call options sold in connection with the Tranche. Note that the Fund may not write such call options when they provide limited to no economic value to the Fund and, therefore, the Tranche Cap may at times be greater than indicated.
Initial Tranche Cap Percentage The percentage increase in the Reference Asset Value (as of the Tranche Start Date) until the Tranche Cap Value is reached, determined as of the Tranche Start Date. This is the approximate upside limit for the Tranche. The Initial Tranche Cap Percentage is calculated as follows: (Tranche Cap Value – Reference Asset Value as of the Tranche Start Date) / Reference Asset Value as of the Tranche Start Date.
Tranche Buffer Start Value The price of the Reference Asset at which the downside protection from the Tranche Buffer starts. The Tranche Buffer Start Value is based on the strike price of the put options purchased in the set of FLEX Options included in the Tranche.
Initial Tranche Buffer Start Percentage The percentage reduction in the Reference Asset Value (as of the Tranche Start Date) before the downside protection from the Tranche Buffer starts, determined as of the Tranche Start Date. The Initial Tranche Buffer Start Percentage is calculated as follows: (Tranche Buffer Start Value – Reference Asset Value as of the Tranche Start Date) / Reference Asset Value as of the Tranche Start Date.
Tranche Buffer End Value The price of the Reference Asset at which the downside protection from the Tranche Buffer ends. The Tranche Buffer End Value is based on the strike price of the options written in the set of FLEX Options included in the Tranche.
Initial Tranche Buffer End Percentage The percentage reduction in the Reference Asset Value (as of the Tranche Start Date) before the Tranche reaches the Tranche Buffer End Value, and there is no longer any downside protection, determined as of the Tranche Start Date. The Initial Tranche Buffer End Percentage is calculated as follows: (Tranche Buffer End Value – Reference Asset Value as of the Outcome Tranche Start Date) / Reference Asset Value as of the Outcome Tranche Start Date.
Remaining Tranche Period The days remaining in a Tranche until the Tranche End Date.
Reference Asset Value The current price of the Reference Asset.
Remaining Tranche Cap Percentage The percentage change in the current Reference Asset Value until the Tranche Cap Value is reached and is the current approximate upside limit for the Tranche. The Remaining Tranche Cap Percentage is calculated as follows: (Tranche Cap Value – Reference Asset Value) / Reference Asset Value. On the Tranche Start Date, the Remaining Tranche Cap is the Initial Tranche Cap Percentage.
Reference Asset Value Change to Tranche Buffer Start The percentage change in the current Reference Asset Value until the price of the Reference Asset reaches the Tranche Buffer Start Value and provides downside protection until the Tranche Buffer End Value. The Reference Asset Value Change to Tranche Buffer Start is calculated as follows: (Tranche Buffer Start Value – Reference Asset Value) / Reference Asset Value. At the Tranche Start Date, this is the Initial Tranche Buffer Start Percentage.
Reference Asset Value Change to Tranche Buffer End The percentage change in the current Reference Asset Value until the price of the Reference Asset reaches the Tranche Buffer End Value. The Reference Asset Value Change to Tranche Buffer End is calculated as follows: (Tranche Buffer End Value – Reference Asset Value) / Reference Asset Value. At the Tranche Start Date, this is the Initial Tranche Buffer End Percentage.
Tranche Weight of the Fund The approximate weight of the set of FLEX Options in the Tranche relative to the overall portfolio of the Fund

Portfolio Characteristics

30 Day SEC Yield
12m Trailing Yield
Equity Beta (3y)
0.53
as of Jun 30, 2026
Unsubsidized 30-Day SEC Yield
0.66%
as of Jun 30, 2026
Standard Deviation (3y)
7.08%
as of Jun 30, 2026

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section.

More Funds to Consider

IVVB
iShares Large Cap Deep Quarterly Laddered ETFView IVVB
TEND
iShares Large Cap 10% Target Buffer Dec ETFView TEND

Holdings

Holdings are subject to change.



For options contracts held within the fund, the maturity date represents the expiration date of the contract.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Notional value represents the portfolio's exposures based on the economic value of investments and options are delta-adjusted. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

“Quantity” represents the number of shares, units or contracts of the corresponding security, as applicable per security type.

Buffer Comparison Chart

Buffer ETFs target different levels of downside protection to help you balance risk and return potential.

Get started
/walrus-api/aem-assets/content/dam/ishares-retail/en/Tools/t-is-buffer-comparison-tool..1777302516019.png.xs.png 360w,/walrus-api/aem-assets/content/dam/ishares-retail/en/Tools/t-is-buffer-comparison-tool..1777302516019.png.sm.png 600w,/walrus-api/aem-assets/content/dam/ishares-retail/en/Tools/t-is-buffer-comparison-tool..1777302516019.png.md.png 768w

Performance

1y3y5y10yIncept.
Total Return (%)
14.8214.03--14.31
Market Price (%)
14.9313.99--14.33
Benchmark (%)
22.3220.59--21.23
After Tax Pre-Liq. (%)
14.5113.83--14.11
After Tax Post-Liq. (%)
8.7710.91--11.14

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

Growth of Hypothetical $10,000
-

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Distributions SchedulePDF, opens in a new tab
Understanding DividendsPDF, opens in a new tab
Dec 23, 2025Dec 23, 2025Dec 29, 2025$0.237761$0.216456$0.011086$0.010219$0.000000
Dec 30, 2024Dec 30, 2024Jan 03, 2025$0.189812$0.179025$0.001885$0.008902$0.000000
Showing 1 to 2 of 2

Portfolio Managers

Fees

as of current prospectus
Management Fee
0.50%
Acquired Fund Fees and Expenses
0.03%
Other Expenses
+0.00%
Expense Ratio
0.53%
Fee Waivers
-0.03%
Net Expense Ratio
0.50%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.