ETF Series Solutions – Aptus January Buffer ETF is a U.S.-domiciled exchange-traded fund that seeks to provide investment returns linked to the share-price performance of the SPDR S&P 500 ETF Trust, up to a predetermined annual upside cap, while seeking to buffer the first 15% of SPY price declines before fees and expenses over each January-to-December outcome period. The fund invests primarily through exchange-traded flexible exchange options, including call and put options on SPY, rather than through direct equity holdings, and is designed for investors seeking defined-outcome exposure to U.S. large-cap equities with capped upside participation and specified downside-risk mitigation. Its services consist of exchange-traded portfolio access; annually reset buffered-equity exposure; options-based risk management; defined annual cap and buffer outcomes; and daily liquidity through shares listed on Cboe BZX Exchange. The fund is advised by Aptus Capital Advisors, LLC and distributed by Quasar Distributors, LLC; ETF Series Solutions serves as the trust sponsor. JANB was launched on October 13, 2025, operates in the United States, and charges a 0.25% annual expense ratio. Its principal recent corporate development is its October 2025 launch as part of Aptus Capital Advisors’ buffered-fund offering, introducing a January-reset strategy that establishes a new cap and 15% downside buffer for each 12-month outcome period; as of September 2026, the fund’s portfolio primarily comprises SPY-linked FLEX Options structured to deliver the defined-outcome strategy.