JULB
APTUS JULY BUFFER ETF
A Low Cost Buffer ETF Solution
Buffered ETFs offer investors a way to stay in the market with confidence, providing mitigation against a portion of potential losses while still allowing for meaningful gains. Designed to shield you from the first 15% of market downturns, these funds help reduce volatility while still allowing for some upside participation.
With a clear, defined outcome over a set period, the funds balance growth potential with downside risk management. We believe our Buffered ETFs are perfect for investors who want to pursue market growth but value capital preservation; our suite can improve client outcomes via lower fees.
Why Consider JULB?
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- Total Return Potential through price appreciation from the S&P 500
- Risk Mitigation through ownership of put options
- Annual Outcome Period Resets
Fund Objectives
The Aptus July Buffer ETF seeks to provide investors with returns that match the share price performance of the SPDR® S&P 500® ETF Trust up to a predetermined upside Cap, before fees and expenses, while providing a Buffer of 15%, before fees and expenses, over the outcome period.
Fund Details
Current as of 11/14/2025
| Fund Ticker | JULB |
| Fund Name | Aptus July Buffer ETF |
| Primary Exchange | Cboe |
| CUSIP | 268961869 |
| ISIN | US2689618690 |
| Net Assets | 17,631,103.17 |
| Expense Ratio | 0.25% |
| 30 Day Median Bid- Ask % | 0.12 |
| Inception Date | 10/13/2025 |
| Shares Outstanding | 700,000.00 |
| Distributor | Quasar Distributors |
| Advisor | Aptus Capital Advisors |
Current Outcome Period Values
Current as of 11/14/2025
| Fund Price | Fund Return | SPY Return | Remaining Cap (Gross / Net) |
Remaining Buffer (Gross / Net) |
Downside Before Buffer (Gross / Net) |
Remaining Outcome Period |
| $25.17 | 0.68% | 1.34% | 9.75% / 9.60% | 15.45% / 15.29% | 0.68% / 0.52% | 227 |
Outcome Period Values
Current as of 11/14/2025
| Fund Price | Fund Return | SPY Return | Cap (Gross / Net) |
Buffer (Gross / Net) |
Downside Before Buffer (Gross / Net) |
Outcome Period |
| $25.00 | 0.00% | 0.00% | 10.43% / 10.25% | 15.00% / 14.82% | 0.00% / -0.18% | 259 |
The cap is the maximum potential return if held to the end of the current outcome period. Downside before buffer is the amount of Fund loss incurred before the buffer begins. An outcome period is the intended length of time over which the defined outcomes are sought.
Fund Performance
| Monthly as of 10/31/2025 |
Quarterly as of |
|||
| NAV % | Market % | NAV % | Market % | |
| 1 Month | - | - | ||
| 3 Month | - | - | ||
| 1 Year | - | - | ||
| 3 Year | - | - | ||
| 5 Year | - | - | ||
| YTD | - | - | ||
| Since Inception | 1.25 | 1.29 | ||
| Since Inception Annualized | - | - | ||
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.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Fund Prices
Current as of 11/14/2025
| NAV | MARKET PRICE | ||
| Net Asset Value | 25.19 | Closing Price | 25.17 |
| Daily Change $ | 0.02 | Daily Change $ | -0.02 |
| Daily Change % | 0.06 | Daily Change % | -0.08 |
| Premium/Discount % | -0.07 |
JULB Fund Holdings
Current as of 11/14/2025
| Stock Ticker | Cusip | Security Desc | Shares | Price | Market Value | Weightings | Effective Date |
|---|---|---|---|---|---|---|---|
| 4SPY 260629C00006630 | 4SPY 260629C00006630 | SPY 06/29/2026 6.63 C | 264.00 | 661.55 | 17,464,956.96 | 99.06% | 11/17/2025 |
| 4SPY 260629C00732200 | 4SPY 260629C00732200 | SPY 06/29/2026 732.2 C | -264.00 | 14.64 | -386,522.40 | -2.19% | 11/17/2025 |
| 4SPY 260629P00563580 | 4SPY 260629P00563580 | SPY 06/29/2026 563.58 P | -264.00 | 10.82 | -285,613.68 | -1.62% | 11/17/2025 |
| 4SPY 260629P00663040 | 4SPY 260629P00663040 | SPY 06/29/2026 663.04 P | 264.00 | 28.84 | 761,270.40 | 4.32% | 11/17/2025 |
| Cash&Other | Cash&Other | Cash & Other | 76,900.83 | 1.00 | 76,900.83 | 0.44% | 11/17/2025 |
Holdings are subject to change without notice.
A Fund will not terminate after the conclusion of the Investment Period. After the conclusion of an Investment Period with respect to a Fund, another will begin. There is no guarantee that the structured outcomes for an Investment Period will be realized.
The structured outcomes may only be realized if you are holding shares on the first day of an Investment Period and continue to hold them on the last day of that Investment Period. If you purchase shares after an Investment Period has begun or sell shares prior to an Investment Period’s conclusion, you may experience investment returns very different from those that the Fund seeks to provide. If the Investment Period has begun and the Fund has increased in value to a level near to the Cap (as defined below), an investor purchasing at that price has little or no ability to achieve gains but remains vulnerable to downside risks. Similarly, if the Investment Period has begun and the Fund has decreased in value beyond the pre-determined buffer (as described below), an investor purchasing shares at that price may not benefit from the buffer. There is no guarantee that a Fund will successfully achieve its investment objective.
Fund shareholders are subject to an upside return cap (the “Cap”) that represents the maximum percentage return an investor can achieve from an investment in a Fund for an Investment Period. Therefore, even though the Funds’ returns are based upon the Underlying ETF, if the Underlying ETF experiences returns for an Investment Period in excess of the Cap, you will not experience those excess gains. A Fund’s Cap may rise or fall from one Investment Period to the next. There is no guarantee that a Fund’s Cap will remain the same upon the conclusion of its Investment Period.
Buffered Loss Risk. There can be no guarantee that the Fund will be successful in its strategy to buffer against Underlying ETF losses if the Underlying ETFs share price decreases by 15% or less over the duration of the Investment Period. Despite the intended Buffer, a shareholder could lose their entire investment.
Capped Upside Risk. The Fund’s strategy seeks to provide returns that match those of the Underlying ETF for Shares purchased on the first day of an Investment Period and held for the entire Investment Period, subject to a pre-determined upside Cap. If an investor does not hold its Shares for an entire Investment Period, the returns realized by that investor may not match those the Fund seeks to achieve.