Aptus April Deep Buffer ETF (APDB)

The Aptus April Deep Buffer ETF (APDB) is a defined outcome fund from Aptus Capital Advisors. It seeks to provide exposure to the U.S. large-cap equity market, represented by the S&P 500, while buffering against a deeper band of losses than typical buffer products over an annual outcome period that resets each April.

The fund uses options to construct its payoff, accepting a cap on upside participation in exchange for the downside buffer. The specific buffer and cap terms are set at the start of each outcome period.

Outcomes are defined for investors who hold the fund across the full outcome period; purchases or sales during the period can produce different results.