TENM ETF — iShares Large Cap 10% Target Buffer Mar ETF

iShares Large Cap 10% Target Buffer Mar ETF (TENM)

Updated October 16, 2026.

TENM is an ETF. its trailing-12-month yield is 0.27%, its expense ratio is 0.50%. Total return is 15.2% over the past year, 0.3 points behind SPY at 15.5%.

This ETF seeks to deliver predetermined outcomes tied to large-cap equity performance over 12-month periods, using options strategies to provide downside protection with a capped upside. The fund does not maintain a regular distribution schedule; it made a special distribution recently and has a modest current distribution rate with an expense ratio of 0.50%. The strategy appeals to investors seeking defined-outcome equity exposure with built-in downside buffers rather than traditional buy-and-hold growth or income strategies.

TENM performance versus SPY

Price and return data through 2026-10-16.

Total return is 15.2% over the past year, 0.3 points behind SPY at 15.5%. Its deepest 1-year drawdown was 3.6%.

TENM key facts

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

10/21/2025

Expense ratio

0.50%

Trailing yield

0.27%

Last close

$27.82 (as of 2026-10-16)

AUM

$46,846,916

Average volume

609.0

Dividend

$0.5074

Ex-dividend date

11/23/2026

Payment date

11/25/2026

Beta

0.449

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.27%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TENM risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.6%.

Who may consider TENM — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TENM

• All tickers starting with T

Tagged: Downside Protection, Options, Target, Large Cap.

Frequently asked questions

More securities from iShares.