Aptus January Deep Buffer ETF (JADB)

Aptus January Deep Buffer ETF is a defined outcome fund from Aptus Capital Advisors that seeks exposure to U.S. large-cap stocks while providing a deeper-than-usual buffer against losses over an annual outcome period that resets each January.

The fund builds its position mainly with options on a broad U.S. equity index or index ETF, typically combined with Treasury holdings. The buffered range of downside protection is paid for by giving up gains above a cap set at the start of each period. The specific buffer level and cap apply only to investors who hold for the full outcome period, and new terms are set at each reset.