Aptus Capital launches four buffered ETFs with 0.25% expense ratio

Aptus Capital Advisors announced the launch of four quarterly buffered exchange-traded funds trading on Cboe under tickers JADB, APDB, JUDB, and OCDB. The funds carry a 0.25% expense ratio and offer 30% downside buffers.

The new ETFs are part of Aptus' options-based fund strategy designed to provide risk mitigation and tax efficiency. According to the company, the buffered suite has reached $150 million in assets and joins Aptus' existing lineup of actively-managed ETFs totaling $6.3 billion in assets as of April 30, 2026.

"Our conversations with advisors showed us the interest in more fairly-priced defined outcome strategies, with deeper buffers, the next logical step," said JD Gardner, Founder and Chief Investment Officer at Aptus. "Given our reluctance to hold traditional bonds, we decided a 30% buffered ETF suite could give investors another tool to outpace government spending in a tax-efficient wrapper."

The funds use options strategies to limit downside risk while capping upside returns. Investors purchasing shares during an investment period and holding until conclusion may benefit from the structured outcomes, though returns differ for those buying or selling mid-period.

Aptus operates other options-based products including the Aptus Defined Risk ETF (DRSK) and Aptus Collared Investment Opportunity ETF (ACIO). The company, founded in 2013, serves as an SEC-registered investment advisor, with fund distribution handled by Quasar Distributors.

The company will host a webinar on May 20th to discuss the new funds, according to the press release statement.

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