APDBAptus April Deep Buffer ETF
Seeks SPY returns up to a Cap with a deep Buffer against SPY losses between -4% and -34% over each twelve-month outcome period.
By APTUS ETFs · Launched 2026
0.25%
#1,236 of 5,584 · low cost
$4M
#5,184 of 5,584 · small
N/A
1 month
#5,457 of 5,584 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks SPY returns up to a Cap with a deep Buffer against SPY losses between -4% and -34% over each twelve-month outcome period.
- Strategy
- Actively managed structured outcome ETF that invests in FLEX Options referencing the SPDR S&P 500 ETF Trust (SPY). Seeks to match SPY's price performance up to a predetermined upside Cap while providing a deep Buffer against SPY losses between -4% and -34%. Outcome period resets annually from March 31 to March 30.
- Inception date
- May 5, 2026
- Fund family
- APTUS ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-23