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Investment Objective/Strategy - The investment objective of the FT Vest U.S. Equity Buffer ETF - May (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR® S&P 500® ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 15.92% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from May 20, 2024 to May 16, 2025.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FMAY |
Fund Type | Target Outcome Strategies® |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
Portfolio Manager/Sub-Advisor | Vest Financial, LLC |
CUSIP | 33740F748 |
ISIN | US33740F7481 |
Intraday NAV | FMAYIV |
Fiscal Year-End | 08/31 |
Exchange | Cboe BZX |
Inception | 5/15/2020 |
Inception Price | $30.34 |
Inception NAV | $30.34 |
Total Expense Ratio* | 0.85% |
* As of 1/2/2024
Closing NAV1 | $46.43 |
Closing Market Price2 | $46.46 |
Bid/Ask Midpoint | $46.42 |
Bid/Ask Discount | 0.02% |
30-Day Median Bid/Ask Spread3 | 0.17% |
Total Net Assets | $848,478,389 |
Outstanding Shares | 18,275,002 |
Daily Volume | 46,173 |
Average 30-Day Daily Volume | 30,198 |
Closing Market Price 52-Week High/Low | $46.51 / $37.25 |
Closing NAV 52-Week High/Low | $46.48 / $37.26 |
Number of Holdings (excluding cash) | 4 |
Past performance is not indicative of future results.
Holding |
Percent |
2025-05-16 SPDR® S&P 500® ETF Trust C 5.29 |
100.51% |
2025-05-16 SPDR® S&P 500® ETF Trust P 529.45 |
2.25% |
2025-05-16 SPDR® S&P 500® ETF Trust P 476.51 |
-1.19% |
2025-05-16 SPDR® S&P 500® ETF Trust C 613.74 |
-2.33% |
* Excluding cash.
Holdings are subject to change.
|
2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
130 |
35 |
39 |
25 |
Days Traded at Discount |
120 |
26 |
24 |
39 |
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FMAY |
11.24% |
-0.46 |
0.62 |
0.48 |
0.96 |
S&P 500® Index |
17.53% |
--- |
1.00 |
0.54 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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