# QMMY (FT Vest Nasdaq-100® Moderate Buffer ETF - May)

First Trust · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, QMMY sits between its buffer and its cap, with QQQ up 0.8% since the period began.

## Key facts

- QMMY, can still gain: 14.7%, as of Sep 11, 2026.
- QMMY, fall before the buffer: 2.6%, as of Sep 11, 2026.
- QMMY, protection left, index points: 15.0%, as of Sep 11, 2026.
- QMMY, days to reset: 252, as of Sep 11, 2026.
- QMMY, net assets: $152m (issuer page, as of Sep 11, 2026).
- QMMY, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## QMMY over each window to Sep 11, 2026

| Window | Total return | QQQ | Gap to QQQ |
| --- | --- | --- | --- |
| 3 months | +1.2% | −0.8% | +2.0 pts |
| 6 months | +6.1% | +20.7% | −14.6 pts |
| 1 year | +9.2% | +23.0% | −13.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | May 18, 2026 to May 21, 2027 | ETFIQ |
| Starting cap | +17.7% | ETFIQ |
| QQQ return since period start | +0.8% | ETFIQ |
| Fund return since period start | +1.8% | ETFIQ |
| Net assets | $152m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 14.7% | issuer, fund price |
| Fall before buffer | 2.6% | issuer, fund price |
| Fall to the buffer in index terms | 0.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 252 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can QMMY still gain?

About 14.7% 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 +17.7%.

### How far can QMMY fall before the buffer helps?

2.6% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 0.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the QMMY buffer is left?

15.0% of the 15.0% buffer sat below the QQQ level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does QMMY reset?

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.

### What does QMMY cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

ETFIQ, QMMY, data as of Sep 11, 2026. https://etfiq.com/funds/qmmy
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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