---
ticker: "SMAY"
name: "FT Vest U.S. Small Cap Moderate Buffer ETF - May"
url: "https://etf.net/etf/SMAY"
grade: "D"
score: 27
graded_at: "2026-10-12"
category: "Russell 2000 Buffer 15%"
category_rank: "20 of 21"
methodology: "https://etf.net/methodology"
---

# SMAY: FT Vest U.S. Small Cap Moderate Buffer ETF - May

Grade **D**, Score 27 of 100. Rank 20 of 21 in Russell 2000 Buffer 15%.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 3 | 20 of 21 |
| Mission | Not scored | — |
| Risk | 53 | 6 of 20 |
| Tradability | 34 | 17 of 21 |
| Holdings | 60 | 2 of 6 |
| Durability | 79 | 7 of 21 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | 2027-05-21 iShares Russell 2000 ETF C 2.78 | 96.90% |
| 2 | — | 2027-05-21 iShares Russell 2000 ETF P 277.60 | 4.92% |
| 3 | — | US Dollar | 0.80% |

Source: etf.net, https://etf.net/etf/SMAY. Please cite the page URL.