Key stats
About FT Vest U.S. Small Cap Moderate Buffer ETF - May
Home page
Inception date
May 19, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740F4660
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.08%
Cash0.92%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMAY assets under management is 100.02 M USD. It's fallen 0.95% over the last month.
SMAY fund flows account for 19.09 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SMAY doesn't pay dividends to its holders.
SMAY shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on May 19, 2023, and its management style is Active.
SMAY expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
SMAY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMAY invests in cash.
SMAY price has risen by 3.04% over the last month, and its yearly performance shows a 4.55% increase. See more dynamics on SMAY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.94% over the last month, showed a 6.24% increase in three-month performance and has increased by 2.41% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.94% over the last month, showed a 6.24% increase in three-month performance and has increased by 2.41% in a year.
SMAY trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.