Aptus Collared Investment Opportunity ETF · CBOE:ACIO
Aptus Collared Investment Opportunity ETF — Aptus Capital Advisors — Investor Presentation (September 2026)
21 slides from Aptus Collared Investment Opportunity ETF's investor presentation, September 2026
Slide 1: Aptus Deferred Income ETF
Q3 2026 | DEFR INVESTOR PRESENTATION Aptus Deferred Income ETF
Slide 2: Firm Overview
Firm Overview • Founded in Fairhope, Alabama in 2013. • As of September 30th, 2026, Aptus manages over $6.7B in ETF assets under management. • We believe that we maintain distinct and differentiated investment strategies, exploiting inefficient asset classes. Distinct Fund Lineup We believe that eac
Slide 3: Aptus Strategy Toolkit
Aptus Strategy Toolkit More Stocks, Less Bonds, Similar Risk HEDGE THE TAIL ENHANCE YIELD IMPROVE GROWTH Aptus Collared Investment Opportunity ETF Aptus Enhanced Yield ETF Aptus Defined Risk ETF ACIO JUCY DRSK Hedged equity collar with calendar flexibility, for Lower- duration U.S. Treasuries target
Slide 4: Partnerships Built for Peace of Mind
Partnerships Built for Peace of Mind A Team-Based Approach Provides Unique Perspectives Aptus Capital Advisors HQ Fairhope, Alabama Your Investment Team JD Gardner, CFA & CMT Fairhope, AL Derek Hernquist Charlotte, NC Beckham Wyrick, CFA & CFP Fairhope, AL James Yahoudy, CFP Dallas, TX John Luke Tyn
Slide 5: Aptus Deferred Income ETF (DEFR)
Aptus Deferred Income ETF (DEFR) Higher Fixed Income Return Potential. Tax Efficient. Portfolio Managers The Aptus Deferred Income ETF (DEFR) is a next-generation bond alternative designed to outperform the Bloomberg U.S. Aggregate • JD Gardner, CFA – Aptus Founder and CIO Bond Index while enhancing
Slide 6: Built to Solve the Return Problem and Tax Problem of Bonds
Aptus Deferred Income ETF (DEFR) Built to Solve the Return Problem and Tax Problem of Bonds Bonds are typically allocated to by investors to provide DIVERSIFICATION and RISK REDUCTION at the EXPENSE OF RELATIVE RETURNS that often may not keep up with inflation after taxes over time. But what if you
Slide 7: How DEFR Targets the Fixed Income Return Problem
How DEFR Targets the Fixed Income Return Problem Agg Bonds Have Limited Historical Excess Return Above Treasuries Aggregate Bond returns come from Spread has historically added only Spread is highly correlated to two sources: 1) Interest Rate 0.3% incremental return stocks, reflecting corporate cred
Slide 8: Aggregate Bond Returns Face High Short-Term Tax Rates
How DEFR Targets the Fixed Income Return Problem Aggregate Bond Returns Face High Short-Term Tax Rates 97% of Aggregate Bond returns have been The top tax rate on Agg Bonds can reach 54.1%* taxed at a higher short-term rate, which also limits offsetting opportunities. Short-Term Capital Gains Tax Ra
Slide 9: Performance of Deferred Income ETF (DEFR)
Performance of Deferred Income ETF (DEFR) Consistent Tax-Deferred Performance Relative to Aggregate Bonds Since Inception* Aptus Deferred Income vs Agg Bonds Aptus Deferred Income vs Agg Bonds Pre- and Post-Tax Return - % (May 13th, 2025 – Sept 30th, 2026) Annualized Std Dev - % (May 13th, 2025 – Se
Slide 10: The Current Opportunity for a Bond Alternative
The Current Opportunity for a Bond Alternative The Incremental Yield on the Agg Bond Index is Near a 25+ Year Narrow Levels Bloomberg US Agg Bond Option Adjusted Spread (OAS) vs Forward Six-Year Excess Performance Relative to Similar Duration Treasuries (%) 3.0 Starting Option-Adjusted Spread (%) 6-
Slide 11: Deferring Taxes Increases Compounded Returns
Deferring Taxes Increases Compounded Returns DEFR Aims to Maximize Compounding Through a Tax-Efficient Structure Growth of $100,000 over 30 Years After Taxes $600,000 Higher Returns Further $500,000 Improve Compounding $479,479 Deferred Gains Can $400,000 Materially Improve $365,755 Tax-Efficient Re
Slide 12: Deferring Taxes Increases After-Tax Withdrawals
Deferring Taxes Increases After-Tax Withdrawals How to Reduce a $1.85 Tax Payment to a Nickel $120 Scenario 1: $5 Coupon Scenario 2: $5Scenario Sale of2Deferred Gain $100 < 5% of Distribution Taxed at Long-Term $80 Rate, Balance Not 100% of Taxed as Return of Distribution Taxed Capital $60 at Short-
Slide 13: DEFR Restructures Exposures for Higher Return Potential & Tax-Efficiency
DEFR Restructures Exposures for Higher Return Potential & Tax-Efficiency Helps Optimize Returns & Tax Efficiency While Maintaining Similar Risk and Exposures TARGETED RETURN Key Benefit of DEFR’s Alternative Spread TAX-EFFICIENT Similar Risk Improved Return Tax-Efficient SPREAD PREMIUM COLLECTION Po
Slide 14: Is There a Preferred Alternative to Bond Spread?
Is There a Preferred Alternative to Bond Spread? Put-Writing Strategies Have Delivered Strong Correlation and Historical Outperformance to Bond Spread PUTS WRITING HAS PROVIDED PUTS ARE HIGHLY CORRELATED TO SPREAD IMPROVED HISTORICAL RETURNS CBOE PutWrite (25% Scaled) vs Bloomberg Agg Spread Bloombe
Slide 15: What is the Benefit of Selling Put Options?
What is the Benefit of Selling Put Options? Up-Front Premium: Collected up front to compensate investors for downside equity risk Alternative Equity Exposure: Provides a different pathway to returns than credit with higher historical risk-adjusted returns Flexible Exposure Management: Ability to adj
Slide 16: A Dynamic Approach to PutWriting May Improve Returns
A Dynamic Approach to PutWriting May Improve Returns There are Market Environments That are More Supportive of Selling Puts CBOE PutWrite Standard Deviation CBOE PutWrite Sharpe Ratio (September 1990-September 2026) (September 1990-September 2026) 18% 1.0 16% 0.9 14% 0.8 0.7 12% 0.6 10% 0.5 8% 0.4 6
Slide 17: An Alternative Approach May Also Improve Consistency
An Alternative Approach May Also Improve Consistency A Dynamic Approach to Option Selling Delivered Higher Risk-Adjusted Returns than Bond Spread Put-Writing Outperformed in Most Periods vs Bond Spreads & Put-Writing Have Similar Bond Spreads (June 1996-Sept 2026) Correlation to Stocks (June 1996-Se
Slide 18: How DEFR is Structured to Help Optimize Tax-Efficiency
How DEFR is Structured to Help Optimize Tax-Efficiency A Tax-Efficient Structuring of Option Premiums & Interest Rate Exposure Exposure Security Types ALTERNATIVE SPREAD (OPTION SELLING) SPREAD ALTERNATIVE SPREAD Dynamic S&P 500 put premium collection structured to match the risk profile of the Tota
Slide 19: Portfolio Performance
Portfolio Performance Performance Versus Benchmarks (%) Tax-Efficient Bond Alternatives Aptus Deferred Aptus Deferred Income ETF Bloomberg US Alpha Architect F/m Compundr US Income ETF Time Period (DEFR) Agg Bond Aggregate Bond ETF Aggregate Bond ETF (DEFR) Market Index (BOXA) (CPAG) NAV Q3 2026 -2.
Slide 20: Disclosures
Disclosures Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security. Investing in ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of the shares may trade at a discount
Slide 21: Disclosures
Disclosures The Funds may invest in options, the Funds risk losing all or part of the cash paid (premium) for purchasing put and call options. The Funds’ use of call and put options can lead to losses because of adverse movements in the price or value of the underlying security, which may be magnifi
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