TENJ – iShares Large Cap 10% Trgt Buffr Jun ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment 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 June. The management seeks to provide certain pre-determined Outcomes based on the performance of the underlying fund for investors who hold Fund shares over a 12-month period (the “Outcome Period”). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TENJ	ishares Large Cap 10% Target Buffer Jun ETF	ETF	Open	—	—	Oct 21, 2025	$47.53M	0.500%	—	—	—

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