(IVVB) Blackrock Trust II - Large - Overview

The iShares Large-Cap Deep Buffer ETF (IVVB) follows a defined-outcome strategy that obligates it to allocate at least 80 % of net assets-plus any investment-purpose borrowings-to equities of large-cap U.S. companies or securities that mimic their economic profile, as defined by the ETF’s underlying index. The remaining allocation can be used for cash, derivatives, or other instruments that support the buffer mechanism. Because the fund concentrates on a relatively narrow market segment, it is classified as non-diversified under SEC rules.

According to BlackRock’s January 2026 fact sheet, IVVB carries an expense ratio of 0.15 % and holds roughly 70 % of its assets in the top 20 constituents, with Apple, Microsoft, and Alphabet together representing about 12 % of the portfolio. Sector weighting is heavily tilted toward Information Technology (≈38 %) and Consumer Discretionary (≈22 %), reflecting the composition of the S&P 500 Large-Cap Index from which the buffer is derived.

Key macro drivers for IVVB’s performance include U.S. real-GDP growth forecasts of 2.1 % YoY for 2026 (IMF), a Federal Reserve policy rate of 5.25 % that influences equity valuations, and earnings growth expectations for large-cap firms of roughly 6 % annualized (FactSet consensus). A deep buffer structure caps downside risk at approximately 15 % while allowing upside participation up to a 10 % gain before the buffer is exhausted.

For a deeper quantitative assessment of how the buffer mechanics interact with current market conditions, you may find it useful to explore the IVVB analytics on ValueRay.