FMAY

FT Cboe Vest U.S. Equity Buffer ETF - May
*Unless otherwise stated, data provided by FactSet.

FMAY Fund Description

FMAY aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral.

FMAY Factset Analytics Insight

FMAY uses options in an effort to moderate losses on an ETF, SPY, over a one-year period starting each May. Using SPY is a slightly different approach than using S&P 500 index flex options, what is gained in favorable tax treatment may be lost in higher expense. The fund foregoes some upside return on SPY, in exchange for preventing realization of the first 10% losses, investors forego upside participation above a certain threshold, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund’s expense ratio. The fund is actively managed and uses flex options exclusively.

PERFORMANCE [as of 06/30/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMAY -5.47% -9.69% -10.17% -4.98% -- -- --
FMAY (NAV) -5.21% -9.58% -10.35% -5.43% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -8.02% -16.72% -20.91% -12.24% 10.78% 11.58% 13.07%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FMAY Summary Data

First Trust
FT Cboe Vest
05/15/20
Open-Ended Fund
0.85%
$343.41M
$6.66M
0.23%

FMAY Portfolio Data

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N/A
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FMAY Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

FMAY Portfolio Management

0.85%
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FMAY Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FMAY Fund Structure

Open-Ended Fund
Yes
No
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N/A
N/A
Low
Daily

FMAY Factset Analytics Block Liquidity

As of 07/01/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FMAY. FMAY is rated a N/A out of 5.

FMAY Tradability

188,493
$6.66M
83,577
$3.05M
0.23%
$0.08
-0.11%
0.58% / -1.04%
None
100.00%
50,000
1.67
0.01%
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0
$34.38
N/A

FMAY Top 10 Holdings

98.88%
1.12%
100.00%

FMAY Countries


FMAY
Segment Benchmark
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99.89%
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0.11%

FMAY Regions


FMAY
Segment Benchmark
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100.00%

FMAY Economic Development


FMAY
Segment Benchmark
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100.00%

FMAY Performance Statistics

0.89
0.54
0.57
0.56
0.56%
MSCI USA Large Cap Index

FMAY Benchmark Comparison Holdings

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FMAY Benchmark Comparison Summary


FMAY
Segment Benchmark
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FMAY Benchmark Comparison Market Cap Size


FMAY
Segment Benchmark
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