ATLASiShares Large Cap Max Buffer Sep ETF (SMAX): outlook, holdings and fees
iShares Large Cap Max Buffer Sep ETF (SMAX) is an exchange-traded fund and is managed by iShares. The expense ratio is 49.90% and the yield is 0.73%. The ten largest holdings are 0% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SMAX
| Last price | $28.57 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 78% |
| Likely 1-month range (50%) | $28.59 – $28.88 |
| Normal 1-day range (±1σ) | ±0.2% |
| Distribution yield | 0.73% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SMAX fund facts
| Issuer | iShares |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $119M |
| Expense ratio | 49.90% |
| Number of holdings | 603 |
| Inception | Sep 30, 2024 |
| Exchange | CBOE |
Under normal market conditions, the fund invests at least 80% of its net assets in securities or other instruments that provide exposure to securities of large-capitalization companies or that provide for the approximate cap or the approximate buffer with respect to securities of large-capitalization companies. The fund is non-diversified.
SMAX top holdings
| Holding | Sector | Weight |
|---|---|---|
| ViaSat Inc VSAT | Technology | 0.00% |
| Glaukos Corp GKOS | Healthcare | 0.00% |
| Match Group Inc MTCH | Communication Services | 0.00% |
| Protagonist Therapeutics Inc PTGX | Healthcare | 0.00% |
| Paycom Software, Inc. PAYC | Technology | 0.00% |
| SM Energy Co SM | Energy | 0.00% |
| Element Solutions Inc ESI | Basic Materials | 0.00% |
| Ryman Hospitality Properties Inc RHP | Real Estate | 0.00% |
| MaxLinear Inc MXL | Technology | 0.00% |
| Ralliant Corporation Common Stock RAL | Technology | 0.00% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SMAX sector breakdown
| Sector | Weight |
|---|---|
| Technology | 40.8% |
| Financial Services | 10.8% |
| Communication Services | 9.9% |
| Consumer Cyclicals | 9.2% |
| Healthcare | 8.7% |
| Industrials | 8.0% |
| Consumer Defensive | 4.3% |
| Energy | 3.4% |
| Utilities | 1.9% |
| Real Estate | 1.8% |
| Basic Materials | 1.4% |
By region: North America 99.5%, Europe Developed 0.3%.
SMAX returns and risk
| Year to date | +6.4% |
|---|---|
| 1 year | +7.9% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
SMAX: frequently asked questions
What does SMAX invest in?
iShares Large Cap Max Buffer Sep ETF invests in a portfolio of securities. Its largest holdings are ViaSat Inc (0.0%), Glaukos Corp (0.0%), Match Group Inc (0.0%), Protagonist Therapeutics Inc (0.0%), Paycom Software, Inc. (0.0%).
What is the SMAX expense ratio?
49.90% a year: about $4,990.00 for every $10,000 invested.
What is the SMAX dividend yield?
0.73%. ATLAS does not hold the exact distribution dates for ETFs.
Will SMAX go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 78%, with a likely range (50%) of $28.59 to $28.88 from $28.57 today. It is a probability, not a prediction.
How has SMAX performed?
Year to date +6.4%, one year +7.9%. Past returns do not guarantee future results.
Similar ETFs: Buffered (defined outcome)
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- FT Vest Laddered Deep Buffer ETF (BUFD)
- FT Vest Laddered Nasdaq Buffer ETF (BUFQ)
- Innovator U.S. Equity Power Buffer ETF - January (PJAN)
- Innovator U.S. Equity Power Buffer ETF - September (PSEP)
- FT Vest Laddered Moderate Buffer ETF (BUFZ)
- Innovator Laddered Allocation Buffer ETF (BUFF)
Educational information, not investment advice. Disclaimer