FT Vest U.S. Small Cap Moderate Buffer ETF - MayFT Vest U.S. Small Cap Moderate Buffer ETF - MayFT Vest U.S. Small Cap Moderate Buffer ETF - May

FT Vest U.S. Small Cap Moderate Buffer ETF - May

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Key stats


Assets under management (AUM)
‪72.81 M‬USD
Fund flows (1Y)
‪38.14 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.8%

About FT Vest U.S. Small Cap Moderate Buffer ETF - May


Issuer
AJM Ventures LLC
Brand
FT Vest
Expense ratio
0.90%
Inception date
May 19, 2023
Index tracked
No Underlying Index
Management style
Active
SMAY uses options in an effort to moderate losses on shares of iShares Russell 2000 ETF (ticker: IWM) over a one-year period, starting in May. The fund foregoes some upside return, as well as the dividend component of IWM because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in IWM value. Should the shares of IWM decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to pursue the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The targeted cap and buffer do not include the funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on IWM shares exclusively.

Classification


Asset Class
Equity
Category
Size and style
Focus
Small cap
Niche
Broad-based
Strategy
Buy-write
Weighting scheme
Fixed
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 4, 2024
Exposure type
Bonds, Cash & Other
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants103.41%
Cash0.87%
Miscellaneous−4.28%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows