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Aptus Drawdown Managed Equity ETF
Active ETF
ADME
Payout Change
Pending
Price as of:
$47.22
+0.06
+0.12%
primary theme
Long-Short Equity
ADME (ETF)
Aptus Drawdown Managed Equity ETF
Payout Change
Pending
Price as of:
$47.22
+0.06
+0.12%
primary theme
Long-Short Equity
ADME (ETF)
Aptus Drawdown Managed Equity ETF
Payout Change
Pending
Price as of:
$47.22
+0.06
+0.12%
primary theme
Long-Short Equity
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.3%
1 yr return
28.2%
3 Yr Avg Return
4.1%
5 Yr Avg Return
10.2%
Net Assets
$163 M
Holdings in Top 10
37.3%
52 WEEK LOW AND HIGH
$47.2
$36.98
$47.87
Expenses
OPERATING FEES
Expense Ratio 0.79%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ADME - Profile
Distributions
- YTD Total Return 23.3%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.29%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAptus Drawdown Managed Equity ETF
-
Fund Family NameN/A
-
Inception DateJun 08, 2016
-
Shares Outstanding9491755
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Gardner
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its objective principally by investing in a portfolio of U.S.-listed equity securities, while limiting downside risk by purchasing exchange-listed put options on one or more of such equity securities or on broad-based indexes or ETFs that track the performance of the U.S. equity market. Under normal circumstances, at least 80% of the Fund’s net assets (plus borrowings for investment purposes) will be invested in equity securities.
The equity component of the Fund’s portfolio is comprised of U.S.-listed common stocks of any market capitalization, real estate investment trusts (“REITs”), and American Depository Receipts (“ADRs”). Aptus Capital Advisors, LLC, the Fund’s investment adviser (“Aptus” or the “Adviser”), generally selects the equity securities for the Fund based on an analysis of each company’s fundamental and momentum characteristics to try to identify attractive opportunities for growth. The Adviser’s proprietary analysis is built from a “yield plus growth” framework, which takes into account fundamental characteristics such as yield, growth, and valuation, along with momentum, to identify attractive securities. Typically, such securities will have either an attractive combination of yield plus growth relative to the overall market and/or strong momentum relative to the overall market.
The Adviser seeks to limit the Fund’s exposure to equity market declines primarily by purchasing exchange-listed put options on individual equity securities or on one or more equity indexes or ETFs (each, a “reference asset”) that track a portfolio of U.S. equity securities (“Equity Puts”). A put option gives the purchaser the right to sell shares of the reference asset at a specified price (“strike price”) prior to a specified date (“expiration date”). The purchaser pays a cost (premium) to purchase the put option. In the event the reference asset declines in value below the strike price and the holder exercises its put option, the holder will be entitled to receive the difference between the value of the reference asset and the strike price (which gain is offset by the premium originally paid by the holder), and in the event the reference asset closes above the strike price as of the expiration date, the put option may end up worthless and the holder’s loss is limited to the amount of premium it paid. The Adviser may purchase Equity Puts that are at-the-money, near-the-money, or out-of-the-money (also known as a “tail hedge”), and the Adviser will actively manage the Fund’s Equity Puts as markets move or events occur (e.g., earnings announcements) to roll forward expiration dates or to increase or decrease market exposure. The Adviser generally expects to invest less than 5% of the Fund’s net assets in Equity Puts at the time of investment.
In addition to purchasing Equity Puts, the Adviser may write (sell) covered Equity Puts. A written (sold) put option gives the seller the obligation to buy shares of the reference asset at a strike price until the expiration date. The writer (seller) of the put option receives an amount (premium) for writing (selling) the option. In the event the reference asset declines in value below the strike price and the holder exercises the put option, the writer (seller) of the put option will have to pay the difference between the value of the reference asset and the strike price or deliver the reference asset (which loss is offset by the premium initially received), and in the event the reference asset appreciates in value, the put option may end up worthless and the writer (seller) of the put option retains the premium. The put options written by the Fund are considered “covered” when the Fund owns at least an equivalent number of put options on the same reference asset with the same expiration date and a higher strike price at the time it sells the options or the Fund segregates cash or liquid assets with a value at least equal to the exercise price of the put option.
The Adviser also may purchase or write (sell) covered exchange-listed call options on individual equity securities or on one or more equity indexes or ETFs (each, a “reference asset”) that track a portfolio of U.S. equity securities (“Equity Calls”). A call option gives the purchaser the right to purchase shares of the reference asset at a specified strike price prior to a specified expiration date. The purchaser pays a cost (premium) to purchase the call option. In the event the reference asset appreciates in value, the value of the call option will generally increase, and in the event the reference asset declines in value, the call option may end up worthless and the premium may be lost.
A written (sold) call option gives the seller the obligation to sell shares of the reference asset at a strike price until the expiration date. The writer (seller) of the call option receives an amount (premium) for writing (selling) the option. In the event the reference asset appreciates above the strike price and the holder exercises the call option, the writer (seller) of the call option will have to pay the difference between the value of the reference asset and the strike price or deliver the reference asset (which loss is offset by the premium initially received), and in the event the reference asset declines in value, the call option may end up worthless and the writer (seller) of the call option retains the premium. The call options written by the Fund are “covered” because the Fund owns the reference asset at the time it sells the option.
In addition to or in lieu of such Equity Puts or Equity Calls, the Adviser may utilize a combination of purchased and written (sold) put or call options (known as a “spread”) on individual equity securities, one or more equity indexes or ETFs, or the Cboe Volatility Index® (the “VIX® Index”). The VIX Index reflects a calculation designed to produce a measure of constant, 30-day expected volatility of the U.S. stock market, derived from real-time, mid-quote prices of S&P 500® Index call and put options. The Fund may use VIX call options as a hedge when the market is experiencing a rapid change in volatility, and the Adviser generally expects to invest less than 1% of the Fund’s net assets in VIX Index call and put options at the time of investment.
As of July 31, 2024, the Fund invested a significant portion of its assets in the information technology and consumer sectors; however, the Fund’s sector exposure may change from time to time.
ADME - Performance
Return Ranking - Trailing
| Period | ADME Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.3% | -11.2% | 39.1% | 9.52% |
| 1 Yr | 28.2% | -9.8% | 50.9% | 8.84% |
| 3 Yr | 4.1%* | -11.0% | 27.4% | 45.45% |
| 5 Yr | 10.2%* | -2.8% | 23.9% | 18.49% |
| 10 Yr | N/A* | -4.0% | 10.2% | 65.33% |
* Annualized
Return Ranking - Calendar
| Period | ADME Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.5% | -17.3% | 43.8% | 14.77% |
| 2022 | -22.3% | -54.0% | 17.4% | 89.55% |
| 2021 | 19.9% | -40.0% | 54.1% | 15.63% |
| 2020 | 17.6% | -47.6% | 88.4% | 21.31% |
| 2019 | 8.6% | -20.3% | 62.6% | 54.78% |
Total Return Ranking - Trailing
| Period | ADME Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.3% | -11.2% | 39.1% | 9.52% |
| 1 Yr | 28.2% | -9.8% | 50.9% | 8.84% |
| 3 Yr | 4.1%* | -11.0% | 27.4% | 45.45% |
| 5 Yr | 10.2%* | -2.8% | 23.9% | 18.49% |
| 10 Yr | N/A* | -4.0% | 10.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ADME Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | -14.5% | 43.8% | 22.15% |
| 2022 | -21.8% | -54.0% | 50.3% | 91.79% |
| 2021 | 20.2% | -40.0% | 61.6% | 25.00% |
| 2020 | 18.2% | -29.9% | 91.0% | 21.31% |
| 2019 | 9.3% | -17.9% | 79.4% | 62.61% |
ADME - Holdings
Concentration Analysis
| ADME | Category Low | Category High | ADME % Rank | |
|---|---|---|---|---|
| Net Assets | 163 M | 1.08 M | 6.67 B | 42.28% |
| Number of Holdings | 81 | 3 | 2209 | 61.74% |
| Net Assets in Top 10 | 70.4 M | 656 K | 2.41 B | 44.30% |
| Weighting of Top 10 | 37.29% | 2.1% | 101.8% | 69.13% |
Top 10 Holdings
- Apple Inc 6.90%
- Microsoft Corp 6.71%
- NVIDIA Corp 6.19%
- Alphabet Inc 4.03%
- Amazon.com Inc 3.66%
- Meta Platforms Inc 2.24%
- Broadcom Inc 2.00%
- Exxon Mobil Corp 1.92%
- JPMorgan Chase Co 1.87%
- ServiceNow Inc 1.76%
Asset Allocation
| Weighting | Return Low | Return High | ADME % Rank | |
|---|---|---|---|---|
| Stocks | 99.11% | 0.00% | 100.92% | 2.68% |
| Cash | 0.50% | 0.00% | 99.60% | 97.99% |
| Other | 0.39% | -48.19% | 99.35% | 22.82% |
| Preferred Stocks | 0.00% | -1.01% | 6.36% | 58.39% |
| Convertible Bonds | 0.00% | -0.02% | 4.48% | 52.48% |
| Bonds | 0.00% | 0.00% | 90.68% | 69.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ADME % Rank | |
|---|---|---|---|---|
| Technology | 23.18% | 0.00% | 43.24% | 30.00% |
| Healthcare | 15.34% | 0.00% | 100.00% | 43.33% |
| Financial Services | 14.15% | 0.00% | 83.83% | 45.83% |
| Consumer Cyclical | 11.90% | 0.00% | 88.83% | 29.17% |
| Industrials | 7.47% | 0.00% | 31.93% | 74.17% |
| Energy | 6.29% | 0.00% | 32.57% | 30.83% |
| Consumer Defense | 5.99% | 0.00% | 19.75% | 55.83% |
| Communication Services | 5.91% | 0.00% | 32.32% | 71.67% |
| Basic Materials | 3.59% | 0.00% | 28.58% | 40.83% |
| Real Estate | 3.53% | 0.00% | 10.93% | 20.00% |
| Utilities | 2.64% | 0.00% | 21.71% | 39.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ADME % Rank | |
|---|---|---|---|---|
| US | 99.11% | 0.00% | 100.92% | 2.68% |
| Non US | 0.00% | -2.95% | 54.79% | 62.42% |
ADME - Expenses
Operational Fees
| ADME Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.79% | 0.42% | 9.95% | 97.99% |
| Management Fee | 0.79% | 0.00% | 2.50% | 14.77% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 15.19% |
| Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
| ADME Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ADME Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ADME Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 0.00% | 446.00% | 27.83% |
ADME - Distributions
Dividend Yield Analysis
| ADME | Category Low | Category High | ADME % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.45% | 0.00% | 27.22% | 72.30% |
Dividend Distribution Analysis
| ADME | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| ADME | Category Low | Category High | ADME % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.29% | -3.33% | 2.16% | 16.33% |
Capital Gain Distribution Analysis
| ADME | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.053 | OrdinaryDividend |
| Jun 27, 2024 | $0.055 | OrdinaryDividend |
| Mar 26, 2024 | $0.069 | OrdinaryDividend |
| Dec 27, 2023 | $0.085 | OrdinaryDividend |
| Sep 27, 2023 | $0.069 | OrdinaryDividend |
| Jun 28, 2023 | $0.082 | OrdinaryDividend |
| Mar 29, 2023 | $0.063 | OrdinaryDividend |
| Dec 28, 2022 | $0.092 | OrdinaryDividend |
| Sep 13, 2022 | $0.068 | OrdinaryDividend |
| Jun 14, 2022 | $0.063 | OrdinaryDividend |
| Mar 15, 2022 | $0.024 | OrdinaryDividend |
| Dec 29, 2021 | $0.027 | OrdinaryDividend |
| Sep 14, 2021 | $0.031 | OrdinaryDividend |
| Jun 15, 2021 | $0.022 | OrdinaryDividend |
| Mar 16, 2021 | $0.031 | OrdinaryDividend |
| Dec 29, 2020 | $0.018 | OrdinaryDividend |
| Sep 15, 2020 | $0.044 | OrdinaryDividend |
| Jun 16, 2020 | $0.037 | OrdinaryDividend |
| Mar 17, 2020 | $0.049 | OrdinaryDividend |
| Dec 24, 2019 | $0.213 | OrdinaryDividend |
| Dec 28, 2018 | $0.242 | OrdinaryDividend |
| Dec 28, 2017 | $0.096 | OrdinaryDividend |
| Dec 28, 2016 | $0.178 | OrdinaryDividend |
ADME - Fund Manager Analysis
Managers
John Gardner
Start Date
Tenure
Tenure Rank
Aug 31, 2017
4.75
4.8%
John David Gardner is the Founder and majority owner of ACA. John David began his career in the financial services industry when he joined Morgan Stanley Smith Barney as a Financial Advisor in 2010. JD attended the Raj Soin College of Business, Wright State University for both undergraduate (BS in Business with a Major in Financial Services) and graduate degrees (MBA with a concentration in Finance). He founded Aptus in 2013 to provide access to stock market exposure while recognizing risk - both market and behavioral. Aptus is an innovative investment manager located in Fairhope, Alabama focused on behavioral finance and serves as the Index Provider to the Aptus Behavioral Momentum Index and adviser to the Aptus Behavioral Momentum ETF. John David has also passed the Series 3, 7, 66, and 31 securities license examinations.
Beckham Wyrick
Start Date
Tenure
Tenure Rank
Aug 31, 2017
4.75
4.8%
Beckham David Wyrick, Jr. (year of birth 1983) joined ACA in 2016 and serves as Portfolio Manager and Chief Compliance Officer. Beckham focuses on custom research, and is heavily involved in managing the Aptus Funds. In addition, he also builds and maintains asset allocation models for individual investors in separately managed accounts. Beckham is currently a Level 2 candidate in the CFA Program. Beckham attended the University of North Carolina at Wilmington, where he was also a member of the men’s basketball team. He graduated in 2006 with a Bachelor’s Degree in Finance. Beckham currently resides in Fairhope, Alabama with his wife, Johanna and their two children, Ada and Henri.
John Tyner
Start Date
Tenure
Tenure Rank
Aug 31, 2020
1.75
1.8%
David Wagner
Start Date
Tenure
Tenure Rank
Aug 31, 2020
1.75
1.8%
David Wagner III is a Portfolio Manager and Analyst at Aptus since 2020. In his role as Portfolio Manager, he is responsible for portfolio construction, risk management, and buy/sell decisions. Additionally, he is responsible for implementation of the investment philosophy and idea generation, as well as the evaluation of macro-level trends and the market environment. Mr. Wagner began his career at Opus Capital Management in 2013 as an equity research analyst. He was most recently employed by Driehaus Capital Management as an Assistant Portfolio Manager where he was responsible for conducting research and analysis for various small and microcap strategies. Mr. Wagner is a CFA charterholder and a member of the CFA Society of Cincinnati. He earned his BS in Accounting and BBA in Finance from the University of Kentucky. He also earned his MBA specialized in Finance from Xavier University in Cincinnati, Ohio.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.55 | 6.0 | 7.93 |
