Diversification does not assure a profit nor protect against loss in a declining market. This risk is usually greater for longer-term debt securities. Investments in debt securities typically decrease in value when interest rates rise. The Funds may invest in other investment companies and ETFs which may result in higher and duplicative expenses. The Funds could experience a loss if its derivatives do not perform as anticipated, the derivatives are not correlated with the performance of their underlying security, or if the Funds are unable to purchase or liquidate a position because of an illiquid secondary market.

Derivatives may entail investment exposures that are greater than their cost would suggest, meaning that a small investment in a derivative could have a substantial impact on the performance of the Funds. Derivatives, such as the options in which the Funds invest, can be volatile and involve various types and degrees of risks. The Funds’ use of options may reduce the ability to profit from increases in the value of the underlying securities. 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 magnified by certain features of the options. The Funds may invest in options, the Funds risk losing all or part of the cash paid (premium) for purchasing put and call options. Therefore, the Funds are more exposed to individual stock volatility than diversified funds. The Funds are non-diversified, meaning they may concentrate their assets in fewer individual holdings than diversified funds. Specific questions regarding your clients’ personal income tax situation should be referred to a tax advisor. Clients should consult their advisor as to any tax, accounting or legal statements made herein. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Aptus does not provide tax, accounting or legal advice. Actual distributions will be posted on the site after each fund’s ex-dividend date.

This information is NOT FINAL and is subject to change until the ex-dividend date. Keep in mind that market conditions, portfolio changes and/or changes in outstanding fund shares could affect these estimates substantially. The net asset value of a fund with a distribution will drop on the ex-date by the amount of the distribution. Actual distributions will be based on shares outstanding as of the record date. The figures represent estimates and are subject to change based on portfolio, market, and shareholder activity and tax adjustments. This fund is expected to pay at least one more distribution before year end.

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