DMAY

DMAY is an actively managed “target outcome” ETF that uses exchange-traded FLEX options tied to SPY’s price return (not total return) over a May-to-May, roughly one-year outcome window.

It’s built to give S&P 500 upside only up to a preset cap while aiming to cushion a defined slice of drawdowns (a “deep buffer”) over the full holding period.

The cap and buffer levels are set at the start of each outcome period and can change at each annual reset, and both are reduced by fees and expenses.