FT Vest U.S. Equity Deep Buffer ETF - May

Frequently Asked Questions About DMAY

What does DMAY invest in?

The FT Vest U.S. Equity Deep Buffer ETF - May aims to mirror the price performance of the SPDR S&P 500 ETF Trust for its investors. This fund offers potential gains up to a maximum of 12.30%, while concurrently safeguarding against losses in the Underlying ETF within the range of -5% to -30%. All stated returns and buffer protections are calculated prior to the deduction of fees and expenses. This strategy is effective for the period commencing May 19, 2025, and concluding on May 15, 2026.

What is the expense ratio of DMAY?

FT Vest U.S. Equity Deep Buffer ETF - May (DMAY) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is DMAY's distribution yield?

DMAY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does DMAY's covered-call strategy work?

DMAY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is DMAY?

FT Vest U.S. Equity Deep Buffer ETF - May (DMAY) manages $390.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is DMAY actively managed or an index fund?

DMAY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.