ETF Series Solutions - Aptus April Buffer ETF

ETF Series Solutions - Aptus April Buffer ETF

APRB
ETF Series Solutions - Aptus April Buffer ETFundefined flagChicago Board Options Exchange
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ROIC.AI

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Business
ETF Series Solutions – Aptus April Buffer ETF is a non-diversified, actively managed exchange-traded fund sponsored by ETF Series Solutions and advised by Aptus Capital Advisors LLC, an SEC-registered investment adviser headquartered in Fairhope, Alabama. The Fund seeks to provide investment returns that correspond to the price performance of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap, while providing a 15% downside buffer, before fees and expenses, over successive approximately 12-month outcome periods beginning in April. The Fund principally invests substantially all of its assets in FLEX Options referencing SPY, including purchased call options, written call options, purchased put options and written put options, together with cash and other assets, to create a defined-outcome equity exposure strategy. Shares trade on Cboe under the ticker APRB; the Fund commenced operations on October 13, 2025, carries a 0.25% expense ratio and is distributed by Quasar Distributors LLC. Its products and services consist of exchange-traded exposure to U.S. large-cap equity-market appreciation subject to an upside cap; options-based risk management intended to absorb the first 15% of SPY price declines for investors holding from the beginning through the end of an outcome period; annual resetting of caps and buffers; daily liquidity through exchange-traded shares; and portfolio implementation for financial advisers and investors seeking defined-outcome, risk-managed market participation. The Fund does not guarantee protection against all losses, and investors may lose some or all of their investment, particularly for losses exceeding the buffer or for shares purchased or sold during an outcome period. As of September 9, 2026, the Fund reported net assets of approximately $24.9 million and 910,000 shares outstanding. Recent developments include Aptus Capital Advisors’ April 2026 launch of the Aptus Laddered Buffer ETF, which broadens its buffered-ETF platform by providing a multi-vintage approach intended to reduce calendar-entry and rebalancing risk, and its September 2026 expansion of advisor-solutions and technology leadership as it scales its options-based ETF and custom-overlay businesses. Aptus, founded in 2013, also expanded its buffered product range with lower-cost 15% and deep-buffer ETF series and reported $14.2 billion of total assets under management, including $6.6 billion in ETF assets, as of June 30, 2026.