First Trust Canada Announces Cap and Buffer for May Buffer ETF
FT Portfolios Canada Co., operating as First Trust Canada, has officially announced the key parameters for the upcoming Target Outcome Period of its First Trust Vest U.S. Equity Buffer ETF – May (ticker: MAYB.F). Effective for the period spanning from May 19, 2026, to May 21, 2027, the fund will feature an upside cap of 17.23% (gross) and a downside buffer of 10%. This new period follows the conclusion of the previous term on May 15, 2026, with the cap reset to align with current market conditions. The ETF is designed to provide investors with returns that mirror the price performance of the State Street SPDR S&P 500 ETF Trust (SPY), up to the predetermined cap, while offering protection against the first 10% of losses. Managed and sub-advised by Vest Financial LLC, the fund utilizes a target outcome strategy to mitigate downside risk without exposing investors to bank credit risk. Portfolio managers Karan Sood and Trevor Lack are responsible for investment decisions. First Trust Canada emphasizes that this structure helps investors remain invested during volatile market periods by balancing growth potential with defined risk limits.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection