CMAY ETF — Corgi U.S. Equities 15% Structured Buffer ETF - May Series

Corgi U.S. Equities 15% Structured Buffer ETF - May Series (CMAY)

Updated October 16, 2026.

CMAY is an ETF. its expense ratio is 0.30%. Total return is 3.3% over the past 0.4 years, 2.7 points behind SPY at 6.0%.

Corgi U.S. Equities 15% Structured Buffer ETF - May Series is an ETF that invests at least 80% of its assets in the SPDR S&P 500 ETF Trust, employing options strategies designed to provide downside protection with a 15% buffer while maintaining upside participation. The fund does not currently distribute income on a regular schedule. It carries an expense ratio of 0.30% and appeals to equity investors seeking S&P 500 exposure with structured downside cushioning for their portfolio.

CMAY performance versus SPY

Price and return data through 2026-10-16.

Total return is 3.3% over the past 0.4 years, 2.7 points behind SPY at 6.0%.

CMAY key facts

Issuer

Corgi Strategies

Asset type

ETF

Asset class

Equity

Inception date

05/05/2026

Expense ratio

0.30%

Distribution frequency

Annual

Last close

$26.00 (as of 2026-10-16)

AUM

$1,832,361

Average volume

26006.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Corgi Strategies; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CMAY risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider CMAY — and who may not

It is a weaker fit for investors who need monthly cash flow (CMAY pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on CMAY

• All tickers starting with C

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Corgi Strategies.