Aptus January Buffer ETF (JANB)

The Aptus January Buffer ETF (JANB) is an exchange-traded fund that mostly invests in downside hedge alternatives. The fund seeks to match the returns of the SPDR S&P 500 ETF Trust (SPY) up to a cap while aiming to buffer the first 15% of losses before fees and expenses over the outcome period from January 1 to December 31. The strategy utilizes FLEX Options, which reset annually to establish new caps and downside protection levels based on market conditions. JANB was launched on Oct 13, 2025 and is issued by Aptus Capital Advisors.