FT Vest U.S. Equity Moderate Buffer ETF - March
GMAR
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Mar 20, 2023
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR) is an actively managed exchange-traded fund that seeks to deliver returns before fees and expenses matching those of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while buffering against the first 15% of underlying losses over a one-year Target Outcome Period ending in March; the fund invests substantially all of its assets in FLEX Options referencing the SPDR S&P 500 ETF Trust and U.S. dollars for collateral, with holdings including call and put FLEX Options such as the 2026-03-20 SPDR S&P 500 ETF Trust C 5.66, P 564, P 479.40, and C 632.81, as well as cash equivalents. Launched on March 17, 2023, and domiciled in the United States, GMAR operates within the defined outcome ETF segment targeting investors seeking large-cap U.S. equity exposure with downside protection; it is advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., and leverages Target Outcome strategies trademarked by Vest Financial LLC, a majority-owned subsidiary of Cboe Global Markets following Cboe's 2016 equity investment. The fund trades on U.S. exchanges with total net assets of approximately $417 million, a net expense ratio of 0.85%, and serves individual investors, financial advisors, and institutions through brokerage platforms. First Trust Advisors L.P., founded in 1991 and headquartered in Wheaton, Illinois, serves as the investment adviser, overseeing a suite of ETFs including the FT Vest series of buffer, income, growth, and laddered allocation products focused on options-based strategies. Vest Financial LLC, co-founded in 2012 and integrated via Cboe's majority stake, provides the underlying Target Outcome framework utilized across GMAR and related funds like the FT Vest Laddered Moderate Buffer ETF (BUFZ), which received SEC effective approval in June 2025. Recent developments include strong inflows into the buffer ETF channel, where FT Vest products led October 2025 growth amid $76.4 billion in total assets under management across 432 defined outcome ETFs from 18 issuers; portfolio manager Trevor Lack joined in January 2025 alongside Karan Sood, with ongoing Target Outcome Period resets establishing new caps based on market conditions, such as the current period's upside potential. No major acquisitions, funding rounds, or strategic alliances specific to GMAR were reported in 2024-2025, though the broader FT Vest lineup expanded with laddered buffered allocation launches in mid-2025, reflecting continued innovation in options-centric buffered equity exposure.