# ETF Series Solutions - Aptus January Buffer ETF (JANB): ETF Facts & Distributions

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- Issuer: Aptus · Asset class: —
- Strategy: Buffered · Inception: 2025-10-13

JANB seeks to provide defined returns linked to the performance of the SPDR S&P 500 ETF Trust (SPY) over a one-year outcome period from January 1 to December 31. The fund is designed to match the share price gains of the underlying ETF up to a predetermined upside cap while aiming to buffer investors against the first 15% of losses, before fees and expenses. Its structured outcome strategy is implemented through exchange-traded FLEX Options, which sets the cap and buffer levels based on market conditions at the start of each outcome period. These parameters reset annually, shaping the funds...

## Key Facts

| Metric | Value |
|---|---|
| Price | $27.95 |
| Expense Ratio | 0.25% |
| Assets Under Management | $96.8M |
| NAV | $27.97 |
| Holdings Count | 0 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $24.68 – $28.44 |
| Beta | 0.52 |

## Frequently Asked Questions

### What does JANB invest in?

JANB seeks to provide defined returns linked to the performance of the SPDR S&P 500 ETF Trust (SPY) over a one-year outcome period from January 1 to December 31. The fund is designed to match the share price gains of the underlying ETF up to a predetermined upside cap while aiming to buffer investors against the first 15% of losses, before fees and expenses. Its structured outcome strategy is implemented through exchange-traded FLEX Options, which sets the cap and buffer levels based on market conditions at the start of each outcome period. These parameters reset annually, shaping the funds risk and return profile for the next term. To achieve the intended results, investors must hold shares for the entire outcome period, as returns may differ for those entering or exiting mid-period. While the fund seeks to moderate volatility and define potential outcomes, these results are not guaranteed.

### What is the expense ratio of JANB?

ETF Series Solutions - Aptus January Buffer ETF (JANB) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is JANB?

ETF Series Solutions - Aptus January Buffer ETF (JANB) manages $96.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is JANB actively managed or an index fund?

JANB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

### When was JANB launched?

ETF Series Solutions - Aptus January Buffer ETF (JANB) launched in October 2025 and is managed by Aptus.

### How has JANB performed?

JANB's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does JANB pay a dividend?

ETF Series Solutions - Aptus January Buffer ETF (JANB) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does JANB pay dividends?

ETF Series Solutions - Aptus January Buffer ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is JANB's dividend yield?

JANB's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is JANB's next ex-dividend date?

JANB hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page.

### How much will JANB's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.25% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does JANB charge its expense ratio?

The expense ratio is deducted in tiny daily slices from JANB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does JANB cost more than a fund like VOO?

JANB's strategy (current expense ratio 0.25%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where JANB sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to JANB?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as JANB (0.25%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/janb
- Distribution history: https://www.dividenddata.com/funds/janb/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/janb/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/janb/expenses
- Peer comparison: https://www.dividenddata.com/funds/janb/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.