FT Vest U.S. Equity Moderate Buffer ETF - May

About the company

GMAY uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) 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 SPY value. Should the shares of SPY decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis.

CEO

Jan van de Winkel

IPO

2023

Employees

2,246

HQ

Wheaton, IL, US