ABUF
APTUS DEFERRED INCOME ETF A Modern Approach to Tax-Efficient Fixed Income
DEFR is designed for investors seeking a smarter way to allocate to fixed income, one that maximizes tax efficiency, enhances risk-adjusted return potential, and adapts to evolving market conditions.
Instead of relying solely on traditional bonds, DEFR utilizes a sophisticated, tax-efficient strategy that combines fixed income exposure with options. This approach aims to generate a return stream with a similar risk profile as traditional bonds but with distinct advantages over conventional methods.
Why Consider DEFR?
- Optimized for Risk & Return: Targets higher returns while managing interest rate sensitivity compared to traditional bonds.
- Tax-Efficient Structure: Designed to minimize taxable distributions, improving after-tax returns.
- Alternative Spread Exposure: Dynamically adjusts its risk profile to align with changing market conditions.
- Built for Growth: Seeks to compound returns through a deferred gains structure, supporting long-term wealth accumulation.
Fund Details
| Fund Ticker | DEFR |
|---|---|
|
Fund Name |
Aptus Deferred Income ETF |
|
Primary Exchange |
Cboe |
|
CUSIP |
26922B451 |
|
ISIN |
US26922B4510 |
|
Net Assets |
147,974,494.16 |
|
Expense Ratio |
0.79% |
|
30 Day Median Bid- Ask % |
0.19 |
|
Inception Date |
5/13/2025 |
|
Shares Outstanding |
5,700,000.00 |
|
Distributor |
Quasar Distributors |
|
Advisor |
Aptus Capital Advisors |
Fund Documents
- DEFR Use Case
- Summary Prospectus
- Statutory Prospectus
- Statement of Additional Information (SAI)
- DEFR Annual Shareholder Report
- DEFR Annual Financial Statements and Additional Information
- DEFR Semi-Annual Shareholder Report
- DEFR Semi-Annual Financial Statements and Additional Information
- **2025 Premium/Discount Line Graph
- **2025-2026 Premium/Discount Line Graph
- Q1 Portfolio Holdings
- Q3 Portfolio Holdings
- Swap Index Data*
- Form N-PX
- 2025 Tax Insert
Fund Objectives
The Aptus Deferred Income ETF seeks to exceed the performance of the Bloomberg U.S. Aggregate Bond Index.
Fund Prices
| NAV | Market price | ||
|---|---|---|---|
|
Net Asset Value |
25.96 |
Closing Price |
25.96 |
|
Daily Change $ |
-0.03 |
Daily Change $ |
-0.04 |
|
Daily Change % |
-0.13 |
Daily Change % |
-0.13 |
|
|
|
Premium/Discount % |
0.00 |
Fund Distributions
| EX-DATE | RECORD DATE | PAYABLE DATE | INCOME | SHORT TERM CAPITAL GAIN | LONG TERM CAPITAL GAIN |
|---|---|---|---|---|---|
| 09/29/26 | 09/29/26 | 09/30/26 | $0.2976 | ||
| 06/29/26 | 06/29/26 | 06/30/26 | $0.2744 | ||
| 03/30/26 | 03/30/26 | 03/31/26 | $0.2191 | ||
| 12/30/25 | 12/30/25 | 12/31/25 | $0.3049 | ||
| 09/29/25 | 09/29/25 | 09/30/25 | $0.2635 | ||
| 06/27/25 | 06/27/25 | 06/30/25 | $0.2752 | ||
| 03/28/25 | 03/28/25 | 03/31/25 | $0.2006 | ||
| 12/30/24 | 12/30/24 | 12/31/24 | $0.3044 | ||
| 09/27/24 | 09/27/24 | 09/30/24 | $0.2137 | ||
| 06/27/24 | 06/28/24 | 06/29/24 | $0.2243 | ||
| 03/26/24 | 03/27/24 | 03/28/24 | $0.1650 | ||
| 12/27/23 | 12/28/23 | 12/29/23 | $0.2882 | ||
| 09/27/23 | 09/28/23 | 09/29/23 | $0.2493 | ||
| 06/28/23 | 06/29/23 | 06/30/23 | $0.2278 | ||
| 03/29/23 | 03/30/23 | 03/31/23 | $0.1338 | ||
| 12/28/22 | 12/29/22 | 12/30/22 | $0.2548 | ||
| 09/13/22 | 09/14/22 | 09/15/22 | $0.1605 | ||
| 06/14/22 | 06/15/22 | 06/16/22 | $0.0651 | ||
| 03/16/22 | 03/17/22 | 03/17/22 | $0.0128 | ||
| 12/29/21 | 12/30/21 | 12/31/21 | $0.0842 | ||
| 11/17/21 | 11/18/21 | 11/19/21 | $0 | $0.4405 | $0.0937 |
| 09/14/21 | 9/15/21 | 9/16/21 | $0.0565 | ||
| 06/15/21 | 6/16/21 | 6/17/21 | $0.0441 | ||
| 03/16/21 | 3/17/21 | 3/18/21 | $0.0426 | ||
| 12/29/20 | 12/30/20 | 12/31/20 | $0.1136 | ||
| 11/18/20 | 11/19/20 | 11/20/20 | $0 | $1.1350 | $0.1750 |
| 09/14/20 | 9/15/20 | 9/17/20 | $0.1130 | ||
| 06/16/20 | 6/17/20 | 6/18/20 | $0.0630 | ||
| 03/17/20 | 3/18/20 | 3/19/20 | $0.0710 | ||
| 12/30/19 | 12/31/19 | 1/2/20 | $0.1136 | $0.3154 | |
| 09/17/19 | 9/18/19 | 9/19/19 | $0.0978 | ||
| 06/11/19 | 6/12/19 | 6/13/19 | $0.1347 | ||
| 03/12/19 | 3/13/19 | 3/14/19 | $0.0840 | ||
| 12/28/18 | 12/31/18 | 1/02/19 | $0.1451 | $0.47 | |
| 09/18/18 | 9/19/18 | 9/20/18 | $0.0382 |
* The Systematic Dynamic PutWrite Series 1, and its data (collectively, the ‘Index’) are provided ‘AS IS’ and ‘AS AVAILABLE’ without warranty or liability of any kind, whether express or implied, and no copying or distribution is permitted. The Index owner and its third party data providers make no representation or warranty, express or implied, regarding the advisability of investing in any products that utilize the Index, and does not sponsor, promote, issue, sell or otherwise recommend or endorse any products utilizing the Index. The index owner and its third party data providers do not have any obligation to take the needs of the holders of any financial products utilizing the index into consideration in determining, composing or calculating the Index. INDEX OWNER DOES NOT GUARANTEE THE ACCURACY, TIMELINESS, NON-INFRINGEMENT, AND/OR COMPLETENESS OF THE INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH ANY PRODUCT THAT UTILIZIES THE INDEX. INDEX OWNER EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
** Premium Discount Disclaimer
The following Frequency Distribution of Premiums and Discounts chart is provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to their daily net asset value (NAV). The chart represents past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market prices.
Fund Performance
| Monthly as of 08/31/2026 | Quarterly as 08/31/2026 | |||
|---|---|---|---|---|
|
|
NAV % |
Market % |
NAV % |
Market % |
|
1 Month |
0.42 |
0.49 |
0.42 |
0.49 |
|
3 Month |
-0.29 |
-0.21 |
-0.29 |
-0.21 |
|
1 Year |
2.31 |
2.26 |
2.31 |
2.26 |
|
3 Year |
– |
– |
– |
– |
|
5 Year |
– |
– |
– |
– |
|
YTD |
-0.3 |
-0.41 |
-0.3 |
-0.41 |
|
Since Inception |
6.36 |
6.4 |
6.36 |
6.4 |
|
Since Inception Annualized |
4.85 |
4.88 |
4.85 |
4.88 |
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.
DEFR Fund Holdings
| Stock Ticker | Cusip | Security Name | Shares | Price | Market Value | Notional Value | Weightings | Effective Date |
|---|---|---|---|---|---|---|---|---|
|
2TLH 261120C00097780 |
2TLH 261120C00097780 |
TLH 11/20/2026 97.78 C |
1,050.00 |
0.46 |
47,932.50 |
– |
0.03% |
10/01/2026 |
|
2TLH 261120P00097780 |
2TLH 261120P00097780 |
TLH 11/20/2026 97.78 P |
-1,050.00 |
5.99 |
-629,107.50 |
– |
-0.43% |
10/01/2026 |
|
4IEF 261120C00093780 |
4IEF 261120C00093780 |
IEF 11/20/2026 93.78 C |
10,600.00 |
0.09 |
94,658.00 |
– |
0.06% |
10/01/2026 |
|
4IEF 261120P00093780 |
4IEF 261120P00093780 |
IEF 11/20/2026 93.78 P |
-10,600.00 |
4.57 |
-4,846,956.00 |
– |
-3.28% |
10/01/2026 |
|
4QQQ 261120C00100000 |
4QQQ 261120C00100000 |
QQQ 11/20/2026 100 C |
1,433.00 |
640.18 |
91,737,550.39 |
– |
62.00% |
10/01/2026 |
|
4QQQ 261120C01100000 |
4QQQ 261120C01100000 |
QQQ 11/20/2026 1100 C |
-1,433.00 |
0.00 |
-444.23 |
– |
0.00% |
10/01/2026 |
|
4QQQ 261120P00100000 |
4QQQ 261120P00100000 |
QQQ 11/20/2026 100 P |
-1,433.00 |
0.01 |
-902.79 |
– |
0.00% |
10/01/2026 |
|
4QQQ 261120P01100000 |
4QQQ 261120P01100000 |
QQQ 11/20/2026 1100 P |
1,433.00 |
353.29 |
50,626,958.55 |
– |
34.21% |
10/01/2026 |
|
912797VQ7 |
912797VQ7 |
United States Treasury Bill 07/08/2027 |
6,350,000.00 |
96.73 |
6,142,196.25 |
– |
4.15% |
10/01/2026 |
|
RCXTSOA7 TRS 051430 |
RCXTSOA7 TRS 051430 |
RCXTSOA7 TRS 051430 |
360,247.00 |
127.28 |
5,802,109.87 |
45,852,238.16 |
3.92% |
10/01/2026 |
|
RCXTSOA7 TRS 110527 |
RCXTSOA7 TRS 110527 |
RCXTSOA7 TRS 110527 |
158,600.00 |
127.28 |
574,910.32 |
20,186,608.00 |
0.39% |
10/01/2026 |
|
Cash&Other |
Cash&Other |
Cash&Other |
-1,584,229.31 |
1.00 |
-1,584,229.31 |
– |
-1.07% |
10/01/2026 |