- What are the top holdings of GMAY?
- FT Vest U.S. Equity Moderate Buffer ETF - May holds 8 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does GMAY have?
- GMAY holds 8 positions as reported by the fund's most recent disclosure.
- What sectors does GMAY invest in?
- FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is GMAY most exposed to?
- GMAY's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is GMAY a US-only fund?
- The country allocation card on this page shows GMAY's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does GMAY invest in?
- GMAY uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in May. The fund foregoes some upside return, as well as the dividend component of IWM because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in SPY value. Should the shares of SPY decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to pursue the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The targeted cap and buffer do not include the funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on SPY shares exclusively.
