- What does FMAY invest in?
- The FT Vest U.S. Equity Buffer ETF - May, or "Fund," aims to deliver investor returns (prior to fees and expenses) that replicate the price movement of the SPDR S&P 500 ETF Trust, referred to as the "Underlying ETF." This performance is subject to a maximum gain of 14.95%. Simultaneously, the Fund offers protection against the initial 10% of any losses incurred by the Underlying ETF (also before fees and expenses), specifically for the duration from May 19, 2025, to May 15, 2026.
- What is the expense ratio of FMAY?
- FT Vest U.S. Equity Buffer ETF - May (FMAY) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FMAY's distribution yield?
- FMAY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.
- How does FMAY's covered-call strategy work?
- FMAY 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 FMAY?
- FT Vest U.S. Equity Buffer ETF - May (FMAY) manages $1.41B 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 FMAY actively managed or an index fund?
- FMAY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
