# First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May (MAYB) **Page:** https://fundology.uk/fund/mayb · ISIN IE000P0FL8E3 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, MAYB (First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May, ISIN IE000P0FL8E3) closed at £30.59 on the London Stock Exchange. Its ongoing charge is 0.88% a year (about £88 on £10,000). Over the year to 13/11/2026 its total return was +6.6%, or +2.8% after UK CPIH inflation. ## Summary First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD is an exchange-traded fund (ETF) from First Trust, launched in 2024. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.88% a year — about £88 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£30.59** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MAYB | | ISIN | IE000P0FL8E3 | | Also listed as | GMAY (London Stock Exchange, US dollars) | | Category | Other | | Type | ETF | | Provider | First Trust | | Income | Accumulating | | Ongoing charge | 0.88% a year (£88 per £10,000) | | Fund size | £36.6m | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 17/05/2024 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +6.58% | +2.80% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD in pounds (price, with income reinvested in the fund): 2025 +2.5%; 2026 to 13/11/2026 +7.4%. Returns of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +10.1%; to 30/09/2025: +11.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | +2.5% | -1.0% | Price | | 2026 to 13/11/2026 | +7.4% | +4.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.73% | -3.51% | ## Largest fall Volatility of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD in pounds, annualised from weekly returns to 13/11/2026: 6.7% over 1 year. Largest fall in the price of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD since May 2024, in pounds: −14.2% from 17/01/2025 to 18/04/2025. The lowest 12-month return of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD in pounds (price, with income reinvested in the fund) since May 2024 was 0.0% (12 months to 30/01/2026); the highest was +18.8% (12 months to 17/04/2026). On 13/11/2026 the price of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD was 1.8% below its highest weekly close since May 2024 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD 0.88% a year. Compared on 14/11/2026, 10 of the 68 other other funds charge more, 6 the same and 52 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.88%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of MAYB?** The ongoing charge of MAYB is 0.88% a year — about £88 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Accum Shs -A- USD 0.88% a year. Compared on 14/11/2026, 10 of the 68 other other funds charge more, 6 the same and 52 less (share classes counted once). **Is MAYB accumulating or distributing?** MAYB is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of MAYB?** The ISIN of MAYB is IE000P0FL8E3. An ISIN identifies one exact share class of a fund; MAYB is its ticker on the London Stock Exchange. The same share class is also listed as GMAY (London Stock Exchange, US dollars). **What were MAYB’s returns in each of the last five years?** Calendar-year returns of MAYB in pounds (price, with income reinvested in the fund): 2025 +2.5%; 2026 to 13/11/2026 +7.4%. Past performance is not a guide to future returns. **How has MAYB done after inflation?** Over the year to 13/11/2026 MAYB’s total return was +6.6%, or +2.8% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.