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HMAY Corgi U.S. Equities 100% Structured Buffer ETF - May Series

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$25.46
0.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since May 1, 2026, HMAY returned 2.2%, against SPY's 6.3% price return. It can fall 6.0% before its buffer.

Why did HMAY return +0.7% against SPY’s +3.3%?How much of HMAY’s cap and buffer is left?What does HMAY cost to hold and to trade?
Absorbs the whole loss on SPY and caps the gain at 6.5%, over a period ending Apr 30, 2027Corgi ↗Expense ratio 0.30%Fund assets $1.5m on Oct 28, 2026Benchmark SPYSEC filings ↗Every Corgi fund ETFIQ covers

Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).

Compare with…Trading costsPut to the committeeaskIQ about HMAYAdd to portfolioFlowsAlerts

HMAY risk and return scorecard

vs SPY · May 2026 to Oct 2026 · 23 weekly returns · dividend-adjusted

Short history · 5 months
HMAY +0.7%, SPY +3.3%, May 2026 to Oct 2026, distributions reinvested.

23 weekly returns: annualized numbers and ratios need 52.

Return
MeasureHMAYSPYEdge
Total return+0.7%+3.3%SPY
Price return+0.7%+2.8%SPY
Risk
MeasureHMAYSPYEdge
Max drawdown−0.5%−3.4%HMAY
Alpha vs SPY
MeasureHMAYSPYEdge
Beta to SPY0.111.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since May 2026
+$4.6m
askIQ: what do these flows mean? ↗

What you earned

HMAY +0.4%, SPY price return +0.9%: total return over one month to Oct 28, 2026.
HMAY+0.4%
SPY+0.9%
HMAY +1.3%, SPY price return +5.9%: total return over three months to Oct 28, 2026.
HMAY+1.3%
SPY+5.9%
HMAY +1.2%, SPY price return +5.2%: total return since launch to Oct 28, 2026.
HMAY+1.2%
SPY+5.2%
askIQ: why did HMAY return +1.2% against SPY’s +5.2%? ↗

Where does it stand in this outcome period?

Outcome period May 1, 2026 to Apr 30, 2027
not published
Can still gain from today’s fund price
6.0%
Fall before the buffer from today’s fund price
Report
100.0%
Protection left, index points
Report
185
Days to reset
Report
askIQ: how much of HMAY’s cap and buffer is left? ↗

More on HMAY

Every number below is on this page. Open what you need.

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Price since launch, May 6, 2026

$25.460.0%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

HMAY returns by window: total return, cash paid and price change
WindowTotal returnSPY price returnGap to SPY
1M Sep 28 – Oct 28, 2026+0.4%+0.9%−0.5 pts
3M Jul 29 – Oct 28, 2026+1.3%+5.9%−4.6 pts
Since launch May 6 – Oct 28, 2026+1.2%+5.2%−4.0 pts

Total returns, distributions reinvested. SPY's column is its price return, dividends left out: the basis the outcome period uses. Listed May 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Email me when HMAY's outcome period resets.

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Full floor
Full floorHMAY: reference +6.3% since period start, fund +2.2%; buffer Floor; cap +6.5%; Full floor. Data to Oct 27, 2026.full floor beneath+6.3%full floor0% period start+6.5% cap+0.2% more to the capTODAY · SPY +6.3%Full floorHMAY: reference +6.3% since period start, fund +2.2%; buffer Floor; cap +6.5%; Full floor. Data to Oct 27, 2026.full floor beneathfull floor0% start+6.5% cap+6.3% gain captured+0.2% more to the capTODAY · SPY +6.3%

HMAY: reference +6.3% since period start, fund +2.2%; buffer Floor; cap +6.5%; Full floor. Data to Oct 27, 2026.

Money in and out

Monthly data · as of Jun 30, 2026

HMAY: in the month to Jun 30, 2026, net $507k went out, by its SEC filing.

Since May 2026
+$4.6m
May 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions HMAY files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for HMAY, back to May 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare HMAY with other funds in the flows tool

Month by month, money in and money outMay 2026 to Jun 2026

HMAY, money in and money out each month from May 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from HMAY’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 1.

Every bar is from HMAY’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 1.

MonthInOutNet
Jun 2026 SEC Form N-PORT$0−$507k−$507k
May 2026 SEC Form N-PORT+$5.1m$0+$5.1m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

HMAY key stats

High since May 6, 2026, daily closes to Oct 27, 2026 (ETFIQ)$25.51 on Oct 13, 2026
Low since May 6, 2026, daily closes to Oct 27, 2026 (ETFIQ)$25.13 on Jul 29, 2026
Close on Oct 27, 2026, within that range (ETFIQ)$25.45, 85% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · HMAYas of Oct 27, 2026
·
Not scored0 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 27 close−0.44%
−0.7%95% of days within ±0.53% · the 1% band is off this scale+0.7%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

About HMAY

Reference indexSPYReport
SPY level the buffer and cap were set from723.71
Buffer100%
Outcome periodMay 1, 2026 to Apr 30, 2027
Starting cap+6.5%
SPY return from the strike level+6.3%
Fund return since period start+2.2%
Net assets (the issuer’s own daily fund list, as of Oct 28, 2026)$1.5mReport
Band state today (ETFIQ)Open
Can still gain (issuer, fund price)not published
Fall before buffer (issuer, fund price)6.0%
Fall to the buffer in index terms (ETFIQ)6.0%
Protection left in index points (ETFIQ)100.0% of 100.0%
Days left in period185
Expense ratio (issuer page, Oct 27, 2026)0.30%Report
How we measure
Issuer-published data as of the date shown; ETFIQ calculations marked. Definitions on the learn page. Method
IQ Investment Committee on HMAY

12 seats on HMAY, as of Oct 28, 2026: 2 Challenges, 8 Not enough data, 2 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put HMAY to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about HMAY

How far can HMAY fall before the buffer helps?
6.0% in fund-price terms on Oct 27, 2026, by the issuer's number. In index terms SPY can fall 6.0% from that level before the buffer begins. Losses until that point are the holder's.
How much of the HMAY buffer is left?
100.0% of the 100.0% buffer sat below the SPY level on Oct 27, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does HMAY reset?
The outcome period ends on Apr 30, 2027, 185 days from the data on Oct 27, 2026. A new cap is set the next day and the buffer starts again.
What does HMAY cost?
The prospectus expense ratio is 0.30% a year.
Sources and dates
Prices, HMAY and SPY price returnTiingo end-of-day · Oct 28, 2026
Fee, 0.30%Issuer page · Oct 27, 2026
Net assets, $1.5mThe issuer’s own daily fund list · Oct 28, 2026
IssuerCorgi product table ↗
All fund filingsProspectus filings on SEC EDGAR ↗
IssuerCorgi website ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, HMAY, buffer ETFs, data as of Oct 27, 2026. https://etfiq.com/funds/hmay

The outcome band for HMAY, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
Cap
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
Outcome period
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
Protection left
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Full definitions: buffer ETFs vocabulary page. →
Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

HMAY: HMAY: reference +6.3% since period start, fund +2.2%; buffer Floor; cap +6.5%; Full floor. Data to Oct 27, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/hmay"><img src="https://etfiq.com/assistant/api/embed/buffer/hmay.svg" alt="HMAY: HMAY: reference +6.3% since period start, fund +2.2%; buffer Floor; cap +6.5%; Full floor. Data to Oct 27, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">HMAY: HMAY: reference +6.3% since period start, fund +2.2%; buffer Floor; cap +6.5%; Full floor. Data to Oct 27, 2026. Data: <a href="https://etfiq.com/funds/hmay">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 27, 2026. More on the tabs above.