First Trust Canada Announces New Cap and Buffer for May Buffer ETF
FT Portfolios Canada Co., also known as First Trust Canada, has officially announced the parameters for the upcoming Target Outcome Period of its First Trust Vest U.S. Equity Buffer ETF – May (ticker: MAYB.F). Effective from May 19, 2026, to May 21, 2027, the fund will feature a gross upside cap of 17.23% 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 match the price return of the SPDR S&P 500 ETF Trust (SPY) up to the predetermined cap, while providing protection against the first 10% of losses. Managed by Vest Financial LLC, the fund aims to help investors mitigate downside risk during volatile markets without exposing them to bank credit risk. Portfolio managers Karan Sood and Trevor Lack are responsible for investment decisions. First Trust Canada emphasizes that returns may vary for investors entering the fund after the period's start date.
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