FMAYFT Vest U.S. Equity Buffer ETF - May
Seeks to provide returns that match the price return of the Underlying ETF, up to a cap of 17.09%, while providing a buffer against the first 10% of losses.
By First Trust · Launched 2020
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$1.5B
#957 of 6,040 · large
Return (1Y)
+10.2%
Track Record
6 years
#2,086 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,005+10.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 104.2% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 5 C5.94
91.5%
CBOE GLOBAL MARKETS, INC.SPY 5 C5.94
6.4%
CBOE GLOBAL MARKETS, INC.SPY 5 C5.94
4.6%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.2
0.6%
CBOE GLOBAL MARKETS, INC.SPY 5 C5.94
0.5%
Dreyfus Government Cash Management Funds
0.4%
CBOE GLOBAL MARKETS, INC.SPY 5 C5.94
0.1%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.2
0.0%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.2
0.0%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.2
0.0%
Asset allocation
Stocks
99.0%
Cash
1.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
7.0%Low
Year-on-year price swings
Max drawdown
-13.6%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.99Decent risk-adjusted returns
Sortino (3Y)
1.45Good downside protection
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the Underlying ETF, up to a cap of 17.09%, while providing a buffer against the first 10% of losses.
- Strategy
- Invests in FLEX Options to implement a target outcome strategy, providing a buffer against the first 10% of losses of the Underlying ETF and capping returns at 17.09%. The strategy is designed for the period from May 18, 2026 to May 21, 2027.
- Inception date
- May 15, 2020
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save FMAY to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18