iShares Large Cap

iShares Large Cap 10% Target Buffer Jun ETF is an actively managed equity ETF designed to provide exposure to large-cap U.S. stocks through a defined outcome strategy. It seeks to track the share price return of the iShares Core S&P 500 ETF, aiming to capture gains up to an approximate upside cap while offering downside protection against the first 10% of losses over a one-year outcome period that begins at the end of each June. The fund uses options and related derivatives alongside holdings in the underlying fund to create its buffered payoff profile. TENJ is used by market participants looking for a large-cap U.S. equity allocation with built-in risk management features and a clearly defined return framework.