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ETF Actively managed strategy
TER
0.85% p.a.
Distribution policy
Accumulating
Replication
Physical
Fund size
EUR 33 m
Inception Date
17 May 2024
Overview
Description
The First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation is an actively managed ETF.
The ETF tracks the performance of the S&P 500 while using FLEX options in an attempt to buffer investors against the first 15% of losses each year. The buffer strategy comes with the drawback that possible value gains are capped.
Chart
Basics
Data
| Index | First Trust Vest U.S. Equity Moderate Buffer |
| Investment focus | Equity, United States, Buffer |
| Fund size | EUR 33 m |
| Total expense ratio | 0.85% p.a. |
| Replication | Physical (Full replication) |
| Legal structure | ETF |
| Strategy risk | Actively managed |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | 13.08% |
| Inception/ Listing Date | 17 May 2024 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | First Trust |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
| Investment Advisor | First Trust Advisors L.P. |
| Custodian Bank | The Bank of New York Mellon SA/NV, Dublin Branch |
| Revision Company | PwC |
| Fiscal Year End | 31 December |
| Swiss representative | Oligo Swiss Fund Services SA |
| Swiss paying agent | Banque Cantonale de Genève |
| Germany | Unknown |
| Switzerland | ESTV Reporting |
| Austria | Tax Reporting Fund |
| UK | UK Reporting |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
There are currently no ETFs tracking the same index or having an identical investment focus than the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation.
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Performance
Returns overview
| YTD | -0.79% |
| 1 month | -0.46% |
| 3 months | +2.89% |
| 6 months | +5.28% |
| 1 year | +0.03% |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | +11.59% |
| 2024 | - |
| 2023 | - |
| 2022 | - |
| 2021 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 13.08% |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | 0.00 |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | -16.78% |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -16.78% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| gettex | EUR | GMAY | - - | - - | - |
| Borsa Italiana | EUR | GMAY | GMAY IM | ||
| London Stock Exchange | GBX | MAYB | MAYB LN | ||
| London Stock Exchange | USD | GMAY | GMAY LN | ||
| SIX Swiss Exchange | CHF | GMAY | GMAY SW | ||
| XETRA | EUR | GMAY | GMAY GY |
Further information
Latest articles
Frequently asked questions
What is the name of GMAY?
The name of GMAY is First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation.
What is the ticker of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation?
The primary ticker of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation is GMAY.
What is the ISIN of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation?
The ISIN of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation is IE000P0FL8E3.
What are the costs of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation?
The total expense ratio (TER) of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation amounts to 0.85% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation paying dividends?
First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation?
The fund size of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Class A Accumulation is 33m Euro. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.