iShares Large Cap Max Buffer Dec ETF (DMAX) Stock Price, Quote, News & History | Benzinga

The Fund seeks to provide exposure to the share price return of the Underlying ETF up to an approximate upside limit (the Approximate Cap), while seeking to maximize the downside protection against Underlying ETF losses (the Approximate Buffer) over each annual Hedge Period (as defined below). Under normal market conditions, the Fund invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in securities or other instruments that provide exposure to securities of large capitalization companies or that provide for the upside limit on gains or the downside protection against the losses of securities of large capitalization companies. For purposes of the Funds 80 percent policy, large capitalization companies are those within the range of capitalization of the Underlying ETFs underlying index.