FT Vest U.S. Equity Moderate Buffer ETF - May
GMAY
Chicago Board Options Exchange- -
USD
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- -
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jan van de Winkel
- Full Time Employees
- 2,246
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- May 22, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY) is an actively managed exchange-traded fund that seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap, while offering a buffer against the first 15% of losses in the underlying ETF over a defined Target Outcome Period of approximately one year, typically resetting in May each year; the fund primarily invests in Flexible Exchange (FLEX) Options to achieve these target outcomes. Launched on May 19, 2023, and sponsored by First Trust Advisors L.P., with Vest Financial LLC serving as portfolio manager/sub-advisor, GMAY operates within the defined outcome ETF segment targeting individual investors, financial advisors, and institutions seeking equity exposure with downside protection. Headquartered in Wheaton, Illinois, where First Trust was founded in 1991, the fund trades on U.S. exchanges including Cboe BZX and focuses on large-cap U.S. equities through its S&P 500-linked strategy, with assets under management exceeding $300 million as of late 2025. In October 2025, First Trust Advisors announced proposed reorganizations of four Vest-advised mutual funds into new First Trust-advised mutual funds, reflecting ongoing integration and expansion of Vest Financial strategies within First Trust's offerings, where First Trust Capital Partners holds a majority equity interest in Vest's parent company. The fund maintains its core structure amid broader industry developments, such as the December 2025 announcement of Goldman Sachs' $2 billion acquisition of Innovator Capital Management, a competitor in defined outcome ETFs, highlighting competitive dynamics in the target outcome space. No direct acquisitions, name changes, or new product launches specific to GMAY were reported in the last 1-2 years, though First Trust continues to innovate in buffered ETF suites, including UCITS versions launched in Europe.