Key stats
About iShares Large Cap Deep Buffer ETF
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Inception date
Jun 28, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ISIN
US0925288013
IVVB uses FLEX options exclusively based on the price movement of iShares Core S&P 500 ETF shares (ticker: IVV). It aims to participate in price movement up to a cap and potentially buffer downside risk over a calendar quarter. The buffer does not activate until the share price declines beyond 5%, at which point the strategy hedges until the decline reaches 20%. Declines greater than 20% expose investors to further losses. In exchange for this buffer, investors forgo some upside potential. The ETF portfolio consists of (i) out-of-the-money FLEX options, (ii) zero strike call options bought to provide the share price exposure, and (iii) put spread FLEX options which create the funds buffer. At the end of each quarter, the fund rebalances and resets the upside cap and buffer range. To get intended results, the fund must be held for the entire period. Investors who purchase outside of the reset day may experience a different level of investment return.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IVVB assets under management is 116.11 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IVVB invests in funds. See more details in our Analysis section.
IVVB expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IVVB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, IVVB pays dividends to its holders with the dividend yield of 0.83%.
IVVB shares are issued by BlackRock, Inc.
IVVB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 28, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.