Aptus January Buffer ETF (JANB)

Aptus January Buffer ETF (JANB) is an exchange-traded fund in the Defined Outcome category. It has $87.93M in assets and an expense ratio of 0.25%. The fund is an actively managed exchange-traded fund (“ETF”) that, under normal market conditions, invests substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the market price of the Underlying ETF. The fund uses FLEX Options to employ a “structured outcome strategy.” Structured outcome strategies seek to produce pre-determined target investment outcomes based upon the performance of an underlying security or index. The fund is non-diversified.