ADME

Aptus Drawdown Managed Equity ETF

A strategy that seeks out US stocks exhibiting strong yield plus growth characteristics. The strategy includes market hedges in attempts to manage drawdown risk.

Why ADME?

Concentrated exposure to US Large Cap stocks
Ability to participate when markets are rising while utilizing hedges to manage drawdown
Combats investors behavioral and emotional reactions

Current as of 09/23/2022

Fund Ticker	ADME
Fund Name	Aptus Drawdown Managed Equity ETF
Primary Exchange	Cboe
CUSIP	26922A784
ISIN	US26922A7845
Net Assets	318,539,677.95
Expense Ratio	0.79%
30 Day Median Bid- Ask %	0.18
Inception Date	06/08/2016
Shares Outstanding	9,541,755.00
Distributor	Quasar Distributors
Advisor	Aptus Capital Advisors

Fund Documents

Statement of Additional Information (SAI)

ADME Annual Report

ADME Semi Annual Report

*2022 Premium/Discount Line Graph

*2020-2021 Premium/Discount Line Graph

Q1 Quarterly Holdings

Q3 Quarterly Holdings

*Premium Discount Disclaimer

The following Frequency Distribution of Premiums and Discounts chart is provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to their daily net asset value (NAV). The chart represents past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market prices.

Fund Objectives

The Aptus Drawdown Managed Equity ETF seeks capital appreciation with a focus on managing drawdown risk through hedges. Equity holdings are selected using a yield + growth framework, favoring companies who pass our requirements for growth, momentum, value, and yield.

Fund Prices

Current as of 09/23/2022

	NAV		MARKET PRICE
Net Asset Value	33.38	Closing Price	33.44
Daily Change $	-0.11	Daily Change $	-0.03
Daily Change %	-0.34	Daily Change %	-0.09
		Premium/Discount %	0.17

Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Fund Distributions

EX-DATE	RECORD DATE	PAYABLE DATE	INCOME
09/13/22	09/14/22	09/15/22	$0.0677
06/14/22	06/15/22	06/16/22	$0.0632
03/15/22	03/16/22	03/17/22	$0.0238
12/29/21	12/30/21	12/31/21	$0.0267
09/14/21	9/15/21	9/16/21	$0.0310
06/15/21	6/16/21	6/17/21	$0.0220
03/16/21	3/17/21	3/18/21	$0.0311
12/29/20	12/30/20	12/31/20	$0.0184
09/15/20	9/16/20	9/17/20	$0.0445
06/16/20	6/17/20	6/18/20	$0.0367
03/17/20	3/18/20	3/19/20	$0.0488
12/24/19	12/26/19	12/27/19	$0.2131

This fund is expected to pay at least one more distribution before year end. The figures represent estimates and are subject to change based on portfolio, market, and shareholder activity and tax adjustments. Actual distributions will be based on shares outstanding as of the record date. The net asset value of a fund with a distribution will drop on the ex-date by the amount of the distribution. Keep in mind that market conditions, portfolio changes and/or changes in outstanding fund shares could affect these estimates substantially. This information is NOT FINAL and is subject to change until the ex-dividend date. All data subject to change. Actual distributions will be posted on the aptusetfs.com site after each fund’s ex-dividend date. Aptus does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Clients should consult their advisor as to any tax, accounting or legal statements made herein. Specific questions regarding your clients’ personal income tax situation should be referred to a tax advisor.

Fund Performance

	Monthly as of 08/31/2022		Quarterly as 06/30/2022
	NAV %	Market %	NAV %	Market %
1 Month	-3.72	-3.6	-7.79	-7.8
3 Month	-5.63	-5.56	-15.37	-15.52
1 Year	-14.2	-14.14	-12.78	-12.82
3 Year	4.8	4.83	5.07	5.08
5 Year	5.16	5.21	5.33	5.34
YTD	-18.06	-18.04	-19.93	-19.99
Since Inception	46.35	46.55	43.01	43.06
Since Inception Annualized	6.3	6.33	6.08	6.09

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period. Performance is annualized for periods greater than 1 year.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

ADME Fund Holdings

Current as of 09/23/2022

Stock Ticker	Cusip	Security Desc	Shares	Price	Market Value	Weightings	Effective Date
AAPL	037833100	APPLE INC	152,704.00	150.77	23,023,182.08	7.24%	09/27/2022
AAPL 220930C00160000	AAPL 220930C00160000	APPLE IN CLL OPT 09/22 160	-1,500.00	0.23	-33,750.00	-0.01%	09/27/2022
ABBV	00287Y109	ABBVIE INC	17,308.00	141.21	2,444,062.68	0.77%	09/27/2022
ABT	002824100	ABBOTT LABS	27,308.00	99.84	2,726,430.72	0.86%	09/27/2022
ACN	G1151C101	ACCENTURE PLC IRELAND	18,194.00	257.54	4,685,682.76	1.47%	09/27/2022
ACN 221007C00275000	ACN 221007C00275000	ACCENTUR CLL OPT 10/22 275	-181.00	1.20	-21,720.00	-0.01%	09/27/2022
ADBE	00724F101	ADOBE SYSTEMS INCORPORATED	4,724.00	276.96	1,308,359.04	0.41%	09/27/2022
ADBE 220930C00300000	ADBE 220930C00300000	ADOBE IN CLL OPT 09/22 300	-46.00	0.40	-1,817.00	0.00%	09/27/2022
AEM	008474108	AGNICO EAGLE MINES LTD	100,751.00	37.54	3,782,192.54	1.19%	09/27/2022
AEM 221021C00045000	AEM 221021C00045000	AGNICO E CLL OPT 10/22 45	-1,007.00	0.28	-27,692.50	-0.01%	09/27/2022
AMD	007903107	ADVANCED MICRO DEVICES INC	33,558.00	66.30	2,224,895.40	0.70%	09/27/2022
AMD 220930C00072000	AMD 220930C00072000	ADVANCED CLL OPT 09/22 72	-335.00	0.27	-8,877.50	0.00%	09/27/2022
AMZN	023135106	AMAZON COM INC	86,906.00	115.15	10,007,225.90	3.15%	09/27/2022
AMZN 220930C00125000	AMZN 220930C00125000	AMAZON C CLL OPT 09/22 125	-864.00	0.17	-14,688.00	0.00%	09/27/2022
ASML	N07059210	ASML HOLDING N V	3,886.00	430.81	1,674,127.66	0.53%	09/27/2022
AVGO	11135F101	BROADCOM INC	9,916.00	462.26	4,583,770.16	1.44%	09/27/2022
AVGO 221007C00500000	AVGO 221007C00500000	BROADCOM CLL OPT 10/22 500	-99.00	1.93	-19,057.50	-0.01%	09/27/2022
AWK	030420103	AMERICAN WTR WKS CO INC NEW	22,730.00	137.33	3,121,510.90	0.98%	09/27/2022
AZO	053332102	AUTOZONE INC	1,220.00	2,093.68	2,554,289.60	0.80%	09/27/2022
BAC	060505104	BK OF AMERICA CORP	100,596.00	31.03	3,121,493.88	0.98%	09/27/2022
BLK	09247X101	BLACKROCK INC	3,607.00	584.65	2,108,832.55	0.66%	09/27/2022
BRK/B	084670702	BERKSHIRE HATHAWAY INC DEL	18,567.00	264.32	4,907,629.44	1.54%	09/27/2022
BSX	101137107	BOSTON SCIENTIFIC CORP	63,189.00	38.36	2,423,930.04	0.76%	09/27/2022
CAT	149123101	CATERPILLAR INC	25,908.00	162.62	4,213,158.96	1.32%	09/27/2022
CAT 221021C00185000	CAT 221021C00185000	CATERPIL CLL OPT 10/22 185	-259.00	0.74	-19,166.00	-0.01%	09/27/2022
CB	H1467J104	CHUBB LIMITED	20,545.00	174.74	3,590,033.30	1.13%	09/27/2022
CHE	16359R103	CHEMED CORP NEW	10,023.00	449.41	4,504,436.43	1.42%	09/27/2022
CPRT	217204106	COPART INC	33,766.00	106.61	3,599,793.26	1.13%	09/27/2022
CRL	159864107	CHARLES RIV LABS INTL INC	17,596.00	185.16	3,258,075.36	1.02%	09/27/2022
CVX	166764100	CHEVRON CORP NEW	46,621.00	140.96	6,571,696.16	2.07%	09/27/2022
CVX 221021C00160000	CVX 221021C00160000	CHEVRON CLL OPT 10/22 160	-461.00	0.82	-37,571.50	-0.01%	09/27/2022
DG	256677105	DOLLAR GEN CORP NEW	17,283.00	238.46	4,121,304.18	1.30%	09/27/2022
DG 220930C00250000	DG 220930C00250000	DOLLAR G CLL OPT 09/22 250	-171.00	0.30	-5,130.00	0.00%	09/27/2022
DIS	254687106	DISNEY WALT CO	18,195.00	98.12	1,785,293.40	0.56%	09/27/2022
ELV	036752103	ELEVANCE HEALTH INC	11,654.00	448.14	5,222,623.56	1.64%	09/27/2022
EXR	30225T102	EXTRA SPACE STORAGE INC	17,921.00	169.78	3,042,627.38	0.96%	09/27/2022
FANG	25278X109	DIAMONDBACK ENERGY INC	32,121.00	111.21	3,572,176.41	1.12%	09/27/2022
FANG 221021C00147700	FANG 221021C00147700	DIAMONDB CLL OPT 10/22 147.700	-319.00	0.35	-11,165.00	0.00%	09/27/2022
FIS	31620M106	FIDELITY NATL INFORMATION SVCS COM	44,827.00	77.59	3,478,126.93	1.09%	09/27/2022
FRC	33616C100	FIRST REP BK SAN FRANCISCO CAL COM	21,996.00	135.42	2,978,698.32	0.94%	09/27/2022
GOOG	02079K107	ALPHABET INC	113,024.00	98.81	11,167,901.44	3.51%	09/27/2022
GOOG 220930C00107000	GOOG 220930C00107000	ALPHABET CLL OPT 09/22 107	-1,118.00	0.08	-8,385.00	0.00%	09/27/2022
HD	437076102	HOME DEPOT INC	11,957.00	266.58	3,187,497.06	1.00%	09/27/2022
HD 220930C00285000	HD 220930C00285000	HOME DEP CLL OPT 09/22 285	-118.00	0.26	-3,068.00	0.00%	09/27/2022
HLT	43300A203	HILTON WORLDWIDE HLDGS INC	14,990.00	117.48	1,761,025.20	0.55%	09/27/2022
ICE	45866F104	INTERCONTINENTAL EXCHANGE INC COM	40,719.00	91.59	3,729,453.21	1.17%	09/27/2022
INTU	461202103	INTUIT	7,307.00	395.80	2,892,110.60	0.91%	09/27/2022
INTU 220930C00430000	INTU 220930C00430000	INTUIT C CLL OPT 09/22 430	-72.00	1.03	-7,380.00	0.00%	09/27/2022
ISRG	46120E602	INTUITIVE SURGICAL INC	11,781.00	187.93	2,214,003.33	0.70%	09/27/2022
JNJ	478160104	JOHNSON & JOHNSON	26,919.00	165.70	4,460,478.30	1.40%	09/27/2022
JPM	46625H100	JPMORGAN CHASE & CO.	32,220.00	106.79	3,440,773.80	1.08%	09/27/2022
JPM 221021C00121000	JPM 221021C00121000	JPMORGAN CLL OPT 10/22 121	-320.00	0.39	-12,320.00	0.00%	09/27/2022
LIN	G5494J103	LINDE PLC	10,294.00	264.25	2,720,189.50	0.86%	09/27/2022
LLY	532457108	LILLY ELI & CO	13,947.00	307.50	4,288,702.50	1.35%	09/27/2022
LLY 220930C00330000	LLY 220930C00330000	ELI LILL CLL OPT 09/22 330	-138.00	0.90	-12,351.00	0.00%	09/27/2022
LMT	539830109	LOCKHEED MARTIN CORP	8,146.00	407.65	3,320,716.90	1.04%	09/27/2022
LRCX	512807108	LAM RESEARCH CORP	9,415.00	371.44	3,497,107.60	1.10%	09/27/2022
LRCX 220930C00400000	LRCX 220930C00400000	LAM RESE CLL OPT 09/22 400	-94.00	1.61	-15,087.00	0.00%	09/27/2022
MCD	580135101	MCDONALDS CORP	14,308.00	243.76	3,487,718.08	1.10%	09/27/2022
META	30303M102	META PLATFORMS INC	22,155.00	136.37	3,021,277.35	0.95%	09/27/2022
META 220930C00152500	META 220930C00152500	META PLA CLL OPT 09/22 152.500	-220.00	0.13	-2,860.00	0.00%	09/27/2022
MO	02209S103	ALTRIA GROUP INC	59,402.00	41.47	2,463,400.94	0.77%	09/27/2022
MOS	61945C103	MOSAIC CO NEW	47,096.00	46.51	2,190,434.96	0.69%	09/27/2022
MOS 221007C00054000	MOS 221007C00054000	THE MOSA CLL OPT 10/22 54	-470.00	0.29	-13,630.00	0.00%	09/27/2022
MRK	58933Y105	MERCK & CO INC	24,205.00	86.18	2,085,986.90	0.66%	09/27/2022
MSFT	594918104	MICROSOFT CORP	74,253.00	237.45	17,631,374.85	5.54%	09/27/2022
MSFT 220930C00255000	MSFT 220930C00255000	MICROSOF CLL OPT 09/22 255	-738.00	0.20	-14,760.00	0.00%	09/27/2022
NEE	65339F101	NEXTERA ENERGY INC	70,279.00	81.15	5,703,140.85	1.79%	09/27/2022
NFLX	64110L106	NETFLIX INC	5,313.00	224.07	1,190,483.91	0.37%	09/27/2022
NFLX 220930C00245000	NFLX 220930C00245000	NETFLIX CLL OPT 09/22 245	-53.00	0.75	-3,975.00	0.00%	09/27/2022
NOW	81762P102	SERVICENOW INC	4,424.00	370.10	1,637,322.40	0.51%	09/27/2022
NOW 220930C00395000	NOW 220930C00395000	SERVICEN CLL OPT 09/22 395	-44.00	1.63	-7,150.00	0.00%	09/27/2022
NVDA	67066G104	NVIDIA CORPORATION	18,571.00	122.28	2,270,861.88	0.71%	09/27/2022
NVDA 220930C00132000	NVDA 220930C00132000	NVIDIA C CLL OPT 09/22 132	-185.00	0.65	-12,025.00	0.00%	09/27/2022
OTIS	68902V107	OTIS WORLDWIDE CORP	44,491.00	65.37	2,908,376.67	0.91%	09/27/2022
PEP	713448108	PEPSICO INC	30,097.00	168.45	5,069,839.65	1.59%	09/27/2022
PEP 221007C00175000	PEP 221007C00175000	PEPSICO CLL OPT 10/22 175	-297.00	0.76	-22,423.50	-0.01%	09/27/2022
PG	742718109	PROCTER AND GAMBLE CO	23,584.00	135.71	3,200,584.64	1.01%	09/27/2022
PGR	743315103	PROGRESSIVE CORP	31,410.00	118.88	3,734,020.80	1.17%	09/27/2022
PHM	745867101	PULTE GROUP INC	81,738.00	37.91	3,098,687.58	0.97%	09/27/2022
PHM 221021C00045000	PHM 221021C00045000	PULTE GR CLL OPT 10/22 45	-807.00	0.15	-12,105.00	0.00%	09/27/2022
PLD	74340W103	PROLOGIS INC.	26,164.00	104.16	2,725,242.24	0.86%	09/27/2022
PNC	693475105	PNC FINL SVCS GROUP INC	12,037.00	148.74	1,790,383.38	0.56%	09/27/2022
POOL	73278L105	POOL CORP	10,718.00	311.93	3,343,265.74	1.05%	09/27/2022
PXD	723787107	PIONEER NAT RES CO	19,118.00	205.41	3,927,028.38	1.23%	09/27/2022
PXD 221021C00240000	PXD 221021C00240000	PIONEER CLL OPT 10/22 240	-189.00	1.85	-34,965.00	-0.01%	09/27/2022
PYPL	70450Y103	PAYPAL HLDGS INC	36,544.00	84.26	3,079,197.44	0.97%	09/27/2022
ROP	776696106	ROPER TECHNOLOGIES INC	12,464.00	377.07	4,699,800.48	1.48%	09/27/2022
RTX	75513E101	RAYTHEON TECHNOLOGIES CORP	19,871.00	81.09	1,611,339.39	0.51%	09/27/2022
SCHW	808513105	SCHWAB CHARLES CORP	59,019.00	70.89	4,183,856.91	1.32%	09/27/2022
SCHW 221021C00080000	SCHW 221021C00080000	CHARLES CLL OPT 10/22 80	-590.00	0.39	-23,010.00	-0.01%	09/27/2022
SHW	824348106	SHERWIN WILLIAMS CO	12,052.00	209.00	2,518,868.00	0.79%	09/27/2022
SPX 221118P02500000	SPX 221118P02500000	CBOE S&P PUT OPT 11/22 2500	-1,000.00	6.05	-605,000.00	-0.19%	09/27/2022
SPX 221118P03200000	SPX 221118P03200000	CBOE S&P PUT OPT 11/22 3200	2,000.00	37.10	7,420,000.00	2.33%	09/27/2022
SPXW 220930C03850000	SPXW 220930C03850000	CBOE S&P CLL OPT 09/22 3850	400.00	3.55	142,000.00	0.04%	09/27/2022
SPXW 220930C04000000	SPXW 220930C04000000	CBOE S&P CLL OPT 09/22 4000	1,750.00	0.13	21,875.00	0.01%	09/27/2022
SPXW 220930C04100000	SPXW 220930C04100000	CBOE S&P CLL OPT 09/22 4100	-1,350.00	0.03	-3,375.01	0.00%	09/27/2022
SPXW 220930C04200000	SPXW 220930C04200000	CBOE S&P CLL OPT 09/22 4200	-400.00	0.03	-1,000.00	0.00%	09/27/2022
SPXW 220930C04300000	SPXW 220930C04300000	CBOE S&P CLL OPT 09/22 4300	450.00	0.05	2,250.00	0.00%	09/27/2022
SPXW 220930C04400000	SPXW 220930C04400000	CBOE S&P CLL OPT 09/22 4400	-450.00	0.03	-1,125.00	0.00%	09/27/2022
SPXW 220930P03540000	SPXW 220930P03540000	CBOE S&P PUT OPT 09/22 3540	-1,250.00	19.45	-2,431,250.00	-0.76%	09/27/2022
SPXW 220930P03640000	SPXW 220930P03640000	SPXW US 09/30/22 P3640	1,250.00	50.20	6,275,000.00	1.97%	09/27/2022
SUI	866674104	SUN CMNTYS INC	26,591.00	139.93	3,720,878.63	1.17%	09/27/2022
TMO	883556102	THERMO FISHER SCIENTIFIC INC COM	8,232.00	514.31	4,233,799.92	1.33%	09/27/2022
TMO 220930C00545000	TMO 220930C00545000	THERMO F CLL OPT 09/22 545	-81.00	0.65	-5,265.00	0.00%	09/27/2022
TMUS	872590104	T-MOBILE US INC	23,426.00	132.32	3,099,728.32	0.97%	09/27/2022
TMUS 220930C00140000	TMUS 220930C00140000	T-MOBILE CLL OPT 09/22 140	-233.00	0.16	-3,728.00	0.00%	09/27/2022
TS	88031M109	TENARIS S A	94,081.00	24.10	2,267,352.10	0.71%	09/27/2022
TSLA	88160R101	TESLA INC	25,098.00	276.01	6,927,298.98	2.18%	09/27/2022
TSLA 220930C00296670	TSLA 220930C00296670	TESLA I CLL OPT 09/22 296.670	-250.00	0.93	-23,250.00	-0.01%	09/27/2022
UNH	91324P102	UNITEDHEALTH GROUP INC	13,531.00	508.36	6,878,619.16	2.16%	09/27/2022
UNH 221021C00550000	UNH 221021C00550000	UNITEDHE CLL OPT 10/22 550	-133.00	3.83	-50,872.50	-0.02%	09/27/2022
UNP	907818108	UNION PAC CORP	20,751.00	200.86	4,168,045.86	1.31%	09/27/2022
UNP 221021C00220000	UNP 221021C00220000	UNION PA CLL OPT 10/22 220	-207.00	1.35	-27,945.00	-0.01%	09/27/2022
V	92826C839	VISA INC	26,553.00	180.59	4,795,206.27	1.51%	09/27/2022
WMT	931142103	WALMART INC	30,506.00	131.31	4,005,742.86	1.26%	09/27/2022
Cash&Other	Cash&Other	Cash & Other	8,674,089.11	1.00	8,674,089.11	2.73%	09/27/2022