STENiShares Large Cap 10% Target Buffer Sep ETF
Seeks to track the share price return of the iShares Core S&P 500 ETF with downside protection against the first 10% of losses.
By iShares · Launched 2025
0.50%
#2,576 of 5,562 · average
$39M
#3,799 of 5,562 · small
N/A
9 months
#4,813 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 7 holdings = 99.9% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to track the share price return of the iShares Core S&P 500 ETF with downside protection against the first 10% of losses.
- Strategy
- Invests primarily in shares of the iShares Core S&P 500 ETF and uses options to create a buffer against losses and a cap on gains. The strategy targets a 12-month outcome period, providing defined returns for investors who hold shares throughout this period.
- Inception date
- September 30, 2025
- Fund family
- iShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19