FMAYFT Cboe Vest U.S. Equity Buffer ETF - May
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.
FMAY Summary Data
FMAY Portfolio Data
FMAY Index Data
FMAY Portfolio Management
FMAY Tax Exposures
FMAY Fund Structure
FMAY Factset Analytics Block Liquidity
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 Top 10 Holdings
FMAY Economic Development
FMAY Performance Statistics
FMAY Benchmark Comparison Summary
FMAY Benchmark Comparison Market Cap Size