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. Performance data current to the most recent month-end can be obtained by calling 251.517.7198. Please click here for current standardized performance for the Aptus Defined Risk ETF.

The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. Important information about the fund is available at or by calling 1-800-617-0004. Read it carefully before investing. Please click here for the Aptus Defined Risk ETF prospectus.

Investing involves risk. Principal loss is possible. Shares of any ETF are bought and sold at Market Price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than diversified funds. Therefore, the Fund is more exposed to individual stock or ETF volatility than diversified funds. The Aptus Defined Risk strategy is subject to the risk that the securities may be more volatile than the market as a whole. The Fund may invest in other investment companies and ETFs which may result in higher and duplicative expenses. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment-grade refers to a higher level of confidence by ratings agencies that the issuer will be able to make its principal and interest payments. Changes in ratings of the underlying debt securities could lead to unexpected credit risk. The Fund may invest in options and risks losing all or part of the cash paid (premium) for purchasing options. Call options give the owner the right to buy the underlying security at the specified price within a specific time period. Put options give the owner the right to sell the underlying security at the specified price within a specific time period. Because the Fund only purchases options, the Fund’s losses from its exposure to options is limited to the amount of premiums paid.

Stocks are generally perceived to have more financial risk than bonds in that bond holders have a claim on firm operations or assets that is senior to that of equity holders. In addition, stock prices are generally more volatile than bond prices. Correlation refers to the degree to which two securities move in relation to each other, this can refer to movements across individual stock or bond securities, or how stocks and bonds move vs. one another. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Similarly, the transaction costs involved in trading a stock may be more or less than a particular bond depending on the factors mentioned above and whether the stock or bond trades upon an exchange. Depending on the entity issuing the bond, it may or may not afford additional protections to the investor, such as a guarantee of return of principal by a government or bond insurance company. There is typically no guarantee of any kind associated with the purchase of an individual stock. Bonds are often owned by individuals interested in current income while stocks are generally owned by individuals seeking price appreciation with income a secondary concern. The tax treatment of returns of bonds and stocks also differs given differential tax treatment if income versus capital gain. Equities, bonds, and other asset classes have different risk profiles, which should be considered when investing.

Withdrawal targets are not guaranteed, may not be achieved, and are subject to change. A basis point is one hundredth of a one percent, used chiefly in expressing differences in interest rates, fees, or performance. Bond duration is an approximate measure of a bond’s sensitivity to changes in interest rates. The S&P 500 is a market-capitalization-weighted index measuring the performance of 500 of the largest companies listed on U.S. stock exchanges. The CBOE S&P 500 BuyWrite Index is a benchmark index designed to show the hypothetical performance of a portfolio that engages in a covered call strategy using S&P 500 index call options. It is not possible to invest directly in an index.

Opinions expressed are subject to change at any time, are not guaranteed, and should not be considered investment advice.

Aptus Capital Advisors is the advisor to the Aptus Defined Risk ETF, which is distributed by Quasar Distributors, LLC.