Aptus Fortified Value ETF (FTVA) ETF
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Aptus Fortified Value ETF (FTVA) ETF Bio
The investment objective of the Aptus Fortified Value ETF seeks to track an index that pairs exposure to value stocks with a tail hedge. The equity component of the index covers the 50 most undervalued stocks and REITs in the Solactive US Large & Mid Cap Index, which it selects via a composite score that takes into account free cash flow relative to size, return on capital employed, and the change in price-to-earnings ratio over a five-year period. The tail hedge comes into play when the market’s Q ratio signals that the market is overvalued by rising above its historical median. The index methodology evaluates the market’s status on a monthly basis, and the hedge remains in place for the entire month, once it is applied.