How much can FMAY still gain?

About 12.2% from its price on Sep 4, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +17.1%.

How far can FMAY fall before the buffer helps?

4.3% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 4.0% from that level before the buffer begins. Losses until that point are the holder's.

How much of the FMAY buffer is left?

10.0% of the 10.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

When does FMAY reset?

The outcome period ends on May 21, 2027, 259 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.

The prospectus expense ratio is 0.85% a year.

Data as of Sep 4, 2026. Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page.

FMAY · FT Vest U.S. Equity Buffer ETF - May

Name: ETFIQ buffer desk record for FMAY
Creator: ETFIQ
License: https://etfiq.com/standards/

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From its price on Sep 4, 2026, the fund can gain about 12.2% more before it reaches its cap. The fund's price can fall 4.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.0% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 259 days remained on Sep 4, 2026. On May 21, 2027 the period ends and a new cap is set.

FMAY (FT Vest U.S. Equity Buffer ETF - May), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference index	SPY
Buffer
Outcome period	May 18, 2026 to May 21, 2027
Starting cap	+17.1%
SPY return since period start	+4.2%
Fund return since period start	+3.6%
Band state today (ETFIQ)	Open
Can still gain (issuer, fund price)	12.2%
Fall before buffer (issuer, fund price)	4.3%
Fall to the buffer in index terms (ETFIQ)	4.0%
Protection left in index points (ETFIQ)	10.0% of 10.0%
Days left in period	259
Expense ratio	0.85%

Questions people ask

How much can FMAY still gain?: About 12.2% from its price on Sep 4, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +17.1%.
How far can FMAY fall before the buffer helps?: 4.3% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 4.0% from that level before the buffer begins. Losses until that point are the holder's.
How much of the FMAY buffer is left?: 10.0% of the 10.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does FMAY reset?: The outcome period ends on May 21, 2027, 259 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
What does FMAY cost?: The prospectus expense ratio is 0.85% a year.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

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FMAY outcome band, ETFIQ

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<p><a href="https://etfiq.com/funds/FMAY.html">FMAY outcome band, updated daily by ETFIQ</a></p>

Cite this page. ETFIQ, FMAY on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/FMAY.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; sort orders and figures are stated arithmetic on published data. Standards · How to read this desk