GMAYFT Vest U.S. Equity Moderate Buffer ETF - May
Seeks to provide returns that match the price return of the Underlying ETF, up to a cap of 13.83%, while providing a buffer against the first 15% of losses.
By First Trust · Launched 2023
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$514M
#1,643 of 6,040 · large
Return (1Y)
+8.7%
Track Record
3 years
#2,955 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,872+8.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 105.7% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 5 C5.96
82.9%
CBOE GLOBAL MARKETS, INC.SPY 5 C5.96
15.7%
CBOE GLOBAL MARKETS, INC.SPY 5 C5.96
6.2%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.22
0.5%
Dreyfus Government Cash Management Funds
0.4%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.22
0.1%
CBOE GLOBAL MARKETS, INC.SPY 5 P594.22
0.0%
CBOE GLOBAL MARKETS, INC.SPY 5 P505.09
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 5 P505.09
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 5 P505.09
-0.2%
Asset allocation
Stocks
99.0%
Cash
1.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
5.6%Low
Year-on-year price swings
Max drawdown
-11.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.95Decent risk-adjusted returns
Sortino (3Y)
1.39Good 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 13.83%, while providing a buffer against the first 15% of losses.
- Strategy
- Invests substantially all assets in FLEX Options referencing the Underlying ETF to provide a buffer against the first 15% of losses and a cap of 13.83% on returns. The strategy is designed to achieve predetermined outcomes based on the Underlying ETF's performance over the Target Outcome Period.
- Inception date
- May 19, 2023
- Fund family
- First Trust
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Data updated on 2026-09-18