Aptus Large Cap Upside ETF UPSD Strategy

The investment seeks to generate total returns that surpass those of the S&P 500 Index (the “Index”) with the objective of capturing more than 100% of the market during upward trends and less than 100% of the market during downward trends. Under normal circumstances, at least 80% of the fund’s net assets (plus borrowings for investment purposes) will be invested in equity securities of large-cap companies. It seeks to achieve its objective by investing in individual stocks, equity and index put options and/or put spreads, equity futures, Treasury Bills, and total returns swaps that implement STS. The fund is non-diversified.