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›ETF Providers›iShares›SMAX

SMAX

US46438G5889

Active ETF Equity

SMAX ETF · iShares Large Cap Max Buffer Sep ETF

The SMAX Exchange Traded Fund (ETF) is provided by iShares. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.

Last update 4/2/2026, 1:30 PM UTC

LIVE

CLOSED

This fund is part ofOptions Strategies1M perf.-2.63%

Last price

$26.88

1M perf.

-0.93%

1M flows

-€3.7M

AuM

€90M

E/R

0.53%

Rating

Not rated

ESG Consensus®

SMAX

$26.88

Performance & flows

January 2, 2026 → April 2, 2026

Create a free account to view the flows graph

SMAX

$26.86

-0.32%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	-0.93%	-0.32%	+7.79%	N/A	N/A	+0.25%	+0.25%	-0.11%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) ·

Main characteristics

Issuer

iShares

CUSIP

46438G588

ISIN

US46438G5889

AuM

€90M

E/R

0.53%

ESG Consensus®

More details

NAV

4/2/2026

$26.86

1D NAV change

+0.01%

Dividend policy

Distributing

No. of holdings

504

Inception date

9/30/2024

Jurisdiction

United States

Distribution

United States

Legal structure

Open-end Investment Company

Base currency

USD

Dividend distribution

Trailing 12-month distr. yield

Distribution frequency

Last distribution

Create a free account to view dividend distribution

Classification

Product type

Active ETF

Asset class

Equity

Factors

N/A

Investment strategy

The Fund seeks to track the share price return of the iShares Core S&P 500 ETF (the Underlying ETF) up to an approximate upside limit, while seeking to maximize the downside protection against price declines of the Underlying ETF over an approximate 12-month period beginning at the end of each September.

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Legal documents

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Fund data exports

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Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Risk profile

Historical risk/return profile

	3M	1Y	3Y	5Y
Returns	-0.32%	+7.79%	N/A	N/A
Volatility
Perf./Volatility
Max drawdown

Create a free account to view risk/return table

Synthetic Risk and Reward Indicator (SRRI)

UCITS

N/A

PRIIPS

N/A

More exposure metrics are available, exclusively in Trackinsight Enterprise

Exposure

The SMAX ETF is actively managed, so it doesn't track an index. We're working to retrieve all detailed holding information.

To find out more about SMAX's exposure, please refer to the as provided by iShares.

More risk metrics are available, exclusively in Trackinsight Enterprise

Sustainability

Integrates ESG criteria

SDG

More sustainability metrics are available, exclusively in Trackinsight Enterprise

Issuer

iShares

iShares ID Card

Number of funds

1733

Total AuM

€4.91T

Expense ratio range

0.03% - 1.51%

Average expense ratio

0.2839%

View all iShares funds

Top 5 funds by iShares

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IEFA	iShares Core MSCI EAFE ETF	€148.47B
AGG	iShares Core U.S. Aggregate Bond ETF	€118.75B
IEMG	iShares Core MSCI Emerging Markets ETF	€117.32B
CSSPX	iShares Core S&P 500 UCITS ETF	€111.03B

Frequently asked questions about SMAX

What does iShares Large Cap Max Buffer Sep ETF, SMAX, invest in?

SMAX is a Active ETF. This ETF provides exposure to Large Cap US Equities.

What is the Total Expense ratio (TER) of SMAX?

SMAX carries a total expense ratio (TER) of 0.53%, indicating the annual cost for holding the fund.

When was SMAX launched?

SMAX was introduced to the market on September 30, 2024. It trades on United States

Who is the ETF issuer of SMAX?

iShares Large Cap Max Buffer Sep ETF, SMAX, is provided by iShares. Learn more about iShares here.

What is the current assets under management (AUM) of SMAX?

SMAX oversees €90M in assets as of April 2, 2026.

How has SMAX performed lately?

Based on data from April 2, 2026, SMAX returned -0.93% over the past month, -0.32% over the last three months and -0.11% year-to-date.

What are the latest inflows or outflows for SMAX?

As of April 2, 2026, SMAX recorded net flows of -€3.7M over the last month and -€11M year-to-date.

Does SMAX distribute dividends?

SMAX follows a distributing dividend policy, meaning it pays out income to investors. As of April 2, 2026, its 12-month trailing yield was 0.98%.

What are the main country or region exposures of SMAX?

As of February 28, 2026, SMAX has significant geographic allocations in USA and Ireland.

In which sector or theme does SMAX invest in?

As of February 28, 2026, SMAX focuses largely on Information Technology, Financials and Communication Services.

How many securities does SMAX hold and how diversified is it?

As of February 28, 2026, SMAX holds 504 positions in its portfolio, with 42.66% of assets concentrated in its top 15 holdings.

What are the main positions in SMAX?

As of February 28, 2026, SMAX top three holdings include NVIDIA, APPLE and MICROSOFT-T.

What is the base currency of SMAX?

The base currency of SMAX is USD.

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.

More about Trackinsight

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SMAX ETF · iShares Large Cap Max Buffer Sep ETF

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Enterprise

Similar ETFs in your region

Risk profile

Historical risk/return profile

Exposure

Sustainability

Issuer

Frequently asked questions about SMAX

What does iShares Large Cap Max Buffer Sep ETF, SMAX, invest in?

SMAX is a Active ETF. This ETF provides exposure to Large Cap US Equities.

What is the Total Expense ratio (TER) of SMAX?

SMAX carries a total expense ratio (TER) of 0.53%, indicating the annual cost for holding the fund.

When was SMAX launched?

SMAX was introduced to the market on September 30, 2024. It trades on United States

Who is the ETF issuer of SMAX?

iShares Large Cap Max Buffer Sep ETF, SMAX, is provided by iShares. Learn more about iShares here.

What is the current assets under management (AUM) of SMAX?

SMAX oversees €90M in assets as of April 2, 2026.

How has SMAX performed lately?

Based on data from April 2, 2026, SMAX returned -0.93% over the past month, -0.32% over the last three months and -0.11% year-to-date.

What are the latest inflows or outflows for SMAX?

As of April 2, 2026, SMAX recorded net flows of -€3.7M over the last month and -€11M year-to-date.

Does SMAX distribute dividends?

SMAX follows a distributing dividend policy, meaning it pays out income to investors. As of April 2, 2026, its 12-month trailing yield was 0.98%.

What are the main country or region exposures of SMAX?

As of February 28, 2026, SMAX has significant geographic allocations in USA and Ireland.

In which sector or theme does SMAX invest in?

As of February 28, 2026, SMAX focuses largely on Information Technology, Financials and Communication Services.

How many securities does SMAX hold and how diversified is it?

As of February 28, 2026, SMAX holds 504 positions in its portfolio, with 42.66% of assets concentrated in its top 15 holdings.

What are the main positions in SMAX?

As of February 28, 2026, SMAX top three holdings include NVIDIA, APPLE and MICROSOFT-T.

What is the base currency of SMAX?

The base currency of SMAX is USD.

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