APRBAptus April Buffer ETF
Seeks to provide returns that match the share price performance of the SPDR S&P 500 ETF Trust up to a predetermined upside Cap while providing a Buffer against losses.
By APTUS ETFs · Launched 2025
0.25%
#1,139 of 5,854 · low cost
$23M
#4,375 of 5,854 · small
N/A
10 months
#4,751 of 5,854 · 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 weightConcentration
Top 5 holdings = 100.0% of fundconcentrated
Asset 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 to provide returns that match the share price performance of the SPDR S&P 500 ETF Trust up to a predetermined upside Cap while providing a Buffer against losses.
- Strategy
- Actively manages a structured outcome strategy using FLEX Options to match the share price performance of the SPDR S&P 500 ETF Trust, providing a 15% Buffer against losses over a twelve-month Investment Period. Designed for investors seeking limited downside protection and capped upside potential.
- Inception date
- October 13, 2025
- 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 2026-08-03