DMAY Profile
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U.S. Equity Deep Buffer ETF May (DMAY) is an actively managed
exchange-traded fund that seeks to provide investors with exposure to
the performance of the S&P 500 Price Return Index while seeking to
provide a buffer against the first 15% of S&P 500 losses over the
Target Outcome Period, which is approximately one year from the funds
inception. The ETF is managed by First Trust Advisors L.P. and uses a
strategy that involves investing in a diversified portfolio of stocks
comprising the S&P 500 index while buying and selling options on the
same index to help offset potential losses. The funds holdings are
mostly large-cap stocks, with a sector allocation similar to that of
the S&P 500 index. The funds expense ratio is 0.85%, and it has total
net assets of approximately $57 million as of March 2023. As an ETF,
investors can buy and sell shares of DMAY throughout the trading day,
making it a flexible and accessible investment option. It is important
to note that while DMAY seeks to provide a buffer against losses, it
does not guarantee against losses, and investors should carefully
consider their investment objectives, risk tolerance, and time horizon
before
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