ETF Evaluator: iShares Large Cap Moderate Qt Ldrd ETF () Follow This ETF

iShares Large Cap Moderate Qt Ldrd ETF Overview

iShares Large Cap Moderate Qt Ldrd ETF (IVVM) is an actively managed Nontraditional Equity Defined Outcome exchange-traded fund (ETF). BlackRock launched the ETF in 2023.

The investment seeks to track the share price return of the iShares Core S&P 500 ETF (the “Underlying ETF”) up to an approximate upside limit, while seeking to provide downside protection. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large capitalization companies or instruments with similar economic characteristics. For purposes of the fund’s 80% policy, “large capitalization companies” are those within the range of capitalizations of the underlying ETF’s index.

About iShares Large Cap Moderate Qt Ldrd ETF (IVVM)

There are 2 members of the management team with an average tenure of 1.90 years: Erin Armstrong (2025) and Kyle McClements (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. iShares Large Cap Moderate Qt Ldrd ETF has 15 securities in its portfolio. The top 10 holdings constitute 184.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares Large Cap Moderate Qt Ldrd ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. iShares Large Cap Moderate Qt Ldrd ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.4% There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Large Cap Moderate Qt Ldrd ETF has 44.3% of the portfolio in cash.

Assets Under Management

The fund has $175 million in total assets, which is below the $183 million average for the Defined Outcome category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IVVM Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Large Cap Moderate Qt Ldrd ETF expense ratio is average compared to funds in the Defined Outcome category. iShares Large Cap Moderate Qt Ldrd ETF has an expense ratio of 0.50%, which is 30% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Large Cap Moderate Qt Ldrd ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 3% for the Defined Outcome category.

Recently, in the month of July 2026, iShares Large Cap Moderate Qt Ldrd ETF returned 0.5%, which earned it a grade of C, as the Defined Outcome category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares Large Cap Moderate Qt Ldrd ETF has a trailing yield of 0.58%, which is above the 0.48% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares Large Cap Moderate Qt Ldrd ETF Grades

Year to date, the ETF has returned 6.9%, 1.0 percentage points better than the category, which translates into a grade of B. The fund has returned 13.4% over the past year (grade of B) and 13.5% over the past three years (grade of B).

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