GMAY — First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - May
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - May (GMAY)
GMAY pays a 0.00% distribution rate, on a 0.85% expense ratio. Total return is 45.6% over the past 3.2 years, 47.5 points behind SPY at 93.1%. Its deepest 1-year drawdown was 3.1%.
GMAY is an equity ETF launched in May 2023 that employs a buffer strategy designed to provide downside protection while maintaining upside exposure to U.S. equities. The fund carries a 0.85% expense ratio and currently offers no yield, reflecting its focus on capital preservation rather than income generation. This ETF appeals to investors seeking moderate downside cushioning in their equity allocations, rather than those prioritizing dividend income or aggressive growth.
GMAY key facts
- Issuer
- First Trust
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 05/19/2023
- Expense ratio
- 0.85%
- Distribution rate
- 0.00%
- Last close
- $44.02
- AUM
- $529,484,446
- Average volume
- 20220.0
- Beta
- 0.42
- P/E ratio
- 26.7257
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