iShares Large Cap 10% Target Buffer Sep ETF
Cboe: STEN
Listed October 01, 2025
INVESTMENT OBJECTIVE
The iShares Large Cap 10% Target Buffer Sep ETF seeks to track the share price return of the iShares Core S&P 500 ETF (the Underlying Fund) up to an approximate upside limit, while seeking to provide downside protection against approximately the first 10% of Underlying Fund losses over an approximate 12-month period beginning at the end of each September.
Why STEN?
- Seek downside protection: Over the course of each 12-month hedge period, the Fund seeks to gain exposure to large cap U.S. equities with up to 10% downside protection (minus fees) in exchange for capped upside.
- Built-in options strategy: Offers investors convenient access to an options-based risk management strategy.
- Outcome oriented: A single-ticker solution for investors seeking equity exposure with targeted downside protection, helping align portfolios with specific risk and return objectives.
Book Viewer
Book Viewer
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About iShares
iShares is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.