{
 "ticker": "MAYM",
 "name": "FT Vest U.S. Equity Max Buffer ETF - May",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/maym",
 "html": "https://etfiq.com/funds/maym",
 "markdown": "https://etfiq.com/funds/maym.md",
 "as_of": "2026-09-11",
 "verdict": "As of Sep 11, 2026, MAYM sits between its buffer and its cap, with SPY up 3.4% since the period began.",
 "key_facts": [
  {
   "key": "can_still_gain",
   "label": "Can still gain",
   "value": "4.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAYM, can still gain: 4.9%, as of Sep 11, 2026."
  },
  {
   "key": "fall_before_the_buffer",
   "label": "Fall before the buffer",
   "value": "2.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAYM, fall before the buffer: 2.0%, as of Sep 11, 2026."
  },
  {
   "key": "protection_left_index_points",
   "label": "Protection left, index points",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAYM, protection left, index points: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "days_to_reset",
   "label": "Days to reset",
   "value": "252",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MAYM, days to reset: 252, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$39m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "MAYM, net assets: $39m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "issuer page, Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "MAYM, expense ratio: 0.85% (issuer page, Sep 11, 2026)."
  }
 ],
 "fields": [
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null
  },
  {
   "key": "buffer",
   "label": "Buffer",
   "value": "100%",
   "source": null
  },
  {
   "key": "outcome_period",
   "label": "Outcome period",
   "value": "May 18, 2026 to May 21, 2027",
   "source": null
  },
  {
   "key": "starting_cap",
   "label": "Starting cap",
   "value": "+7.0%",
   "source": null
  },
  {
   "key": "spy_return_since_period_start",
   "label": "SPY return since period start",
   "value": "+3.4%",
   "source": null
  },
  {
   "key": "fund_return_since_period_start",
   "label": "Fund return since period start",
   "value": "+1.2%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$39m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "band_state_today",
   "label": "Band state today",
   "value": "Open",
   "source": "ETFIQ"
  },
  {
   "key": "can_still_gain",
   "label": "Can still gain",
   "value": "4.9%",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_before_buffer",
   "label": "Fall before buffer",
   "value": "2.0%",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_to_the_buffer_in_index_terms",
   "label": "Fall to the buffer in index terms",
   "value": "3.3%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_in_index_points",
   "label": "Protection left in index points",
   "value": "100.0% of 100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "days_left_in_period",
   "label": "Days left in period",
   "value": "252",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "issuer page, Sep 11, 2026"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+1.0%",
   "SPY": "+3.3%",
   "Gap to SPY": "\u22122.3 pts"
  },
  {
   "window": "6 months",
   "Total return": "+2.8%",
   "SPY": "+16.0%",
   "Gap to SPY": "\u221213.2 pts"
  },
  {
   "window": "1 year",
   "Total return": "+4.7%",
   "SPY": "+17.5%",
   "Gap to SPY": "\u221212.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much can MAYM still gain?",
   "a": "About 4.9% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +7.0%."
  },
  {
   "q": "How far can MAYM fall before the buffer helps?",
   "a": "2.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 3.3% from that level before the buffer begins. Losses until that point are the holder's."
  },
  {
   "q": "How much of the MAYM buffer is left?",
   "a": "100.0% of the 100.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer."
  },
  {
   "q": "When does MAYM reset?",
   "a": "The outcome period ends on May 21, 2027, 252 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again."
  },
  {
   "q": "What does MAYM cost?",
   "a": "The prospectus expense ratio is 0.85% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}