Aptus Defined Risk ETF

An actively-managed strategy that seeks income and growth through a hybrid fixed income and equity approach. The strategy invests 90-95% of its assets to obtain exposure to investment-grade corporate bonds, with the remainder seeking gains in long-term in-the-money call options on selective large cap stocks and sectors.


  • Broadly diversified income from intermediate-term, investment-grade corporate bonds without chasing yield or accepting long-duration risk
  • Laddered approach to create annual redemption and redeployment to reduce reinvestment risk
  • Intermediate-term options enable pursuit of 10-20 equity market opportunities, typically with 5-10% of capital at risk

Fund Details

Current as of 08/10/2022

Fund Ticker DRSK
Fund Name Aptus Defined Risk ETF
Primary Exchange Cboe
CUSIP 26922A388
ISIN US26922A3885
Net Assets 846,163,345.88
Expense Ratio 0.79%
30 Day Median Bid- Ask % 0.23
Inception Date 08/07/2018
Shares Outstanding 31,200,000.00
Distributor Quasar Distributors
Advisor Aptus Capital Advisors

*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 Defined Risk ETF seeks current income and capital appreciation.

Fund Prices

Current as of 08/10/2022

Net Asset Value 27.12 Closing Price 27.09
Daily Change $ 0.18 Daily Change $ 0.17
Daily Change % 0.67 Daily Change % 0.63
Premium/Discount % -0.11

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

Fund Distributions


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

as of 07/31/2022
as 06/30/2022
NAV % Market % NAV % Market %
1 Month 4.07 3.99 -2.75 -2.89
3 Month 1.58 1.51 -5.57 -5.77
1 Year -5.97 -6.09 -8.85 -8.88
3 Year 3.48 3.45 2.49 2.32
5 Year - - - -
YTD -4.77 -4.95 -8.49 -8.6
Since Inception 26.08 25.94 21.14 21.1
Since Inception Annualized 5.99 5.96 5.05 5.04

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. Short-term performance in particular is not a good indication of the fund’s future performance and an investment should not be made solely on returns.

DRSK Fund Holdings

Current as of 08/10/2022

Stock TickerCusipSecurity DescSharesPriceMarket ValueWeightingsEffective Date
BSCO46138J841INVESCO EXCH TRD SLF IDX FD TR BULSHS 2024 CB3,691,285.0020.7976,741,815.159.07%08/11/2022
BSCP46138J825INVESCO EXCH TRD SLF IDX FD TR BULSHS 2025 CB7,479,115.0020.60154,069,769.0018.21%08/11/2022
BSCQ46138J791INVESCO EXCH TRD SLF IDX FD TR BULSHS 2026 CB7,907,967.0019.60154,996,153.2018.32%08/11/2022
BSCR46138J783INVESCO EXCH TRD SLF IDX FD TR BULSHS 2027 CB1,966,908.0019.7638,866,102.084.59%08/11/2022
BSCS46138J643INVESCO EXCH TRD SLF IDX FD TR INVSCO BLSH 28292,965.0020.526,010,352.750.71%08/11/2022
FIS 221021C00110000FIS 221021C00110000FIDELITY CLL OPT 10/22 11014,000.001.351,890,000.000.22%08/11/2022
IBDS46435UAA9ISHARES TR IBONDS 27 ETF6,771,078.0024.29164,469,484.6219.44%08/11/2022
IBDT46435U515ISHARES TR IBDS DEC28 ETF3,763,649.0025.4895,897,776.5211.33%08/11/2022
IBDU46436E205ISHARES TR IBONDS DEC 292,329,407.0023.4854,694,476.366.46%08/11/2022
IBDV46436E726ISHARES TR IBONDS DEC 20301,547,920.0022.0134,069,719.204.03%08/11/2022
LOW 230120C00240000LOW 230120C00240000LOWES CO CLL OPT 01/23 24012,500.004.505,625,000.000.66%08/11/2022
LOW 230120C00280000LOW 230120C00280000LOWES CO CLL OPT 01/23 280-12,500.000.86-1,068,750.00-0.13%08/11/2022
LQD 220916P00110000LQD 220916P00110000ISHARES PUT OPT 09/22 11010,000.000.37365,000.000.04%08/11/2022
SPX 221021P03300000SPX 221021P03300000CBOE S&P PUT OPT 10/22 3300-450.009.95-447,750.00-0.05%08/11/2022
SPX 221021P04000000SPX 221021P04000000CBOE S&P PUT OPT 10/22 4000450.0076.253,431,250.000.41%08/11/2022
SPX 230120C04350000SPX 230120C04350000CBOE S&P CLL OPT 01/23 4350875.00175.5515,360,625.001.82%08/11/2022
SPXW 220812C04300000SPXW 220812C04300000CBOE S&P CLL OPT 08/22 43001,750.001.25218,750.000.03%08/11/2022
SPXW 220812C04350000SPXW 220812C04350000CBOE S&P CLL OPT 08/22 4350-1,750.000.18-30,625.000.00%08/11/2022
TLT 220916C00120000TLT 220916C00120000ISHARES CLL OPT 09/22 1204,000.001.46584,000.000.07%08/11/2022
TLT 220916C00135000TLT 220916C00135000ISHARES CLL OPT 09/22 135-4,000.000.08-30,000.000.00%08/11/2022
Cash&OtherCash&OtherCash & Other40,441,125.241.0040,441,125.244.78%08/11/2022