OCTB was created on 2025-10-13 by Aptus. The fund's investment portfolio concentrates primarily on downside hedge alternatives. OCTB seeks to match the returns of the SPDR S&P 500 ETF Trust (SPY) up to a cap while aiming to buffer the first 15% of losses before fees and expenses over the outcome period from October 1 to September 30. The strategy utilizes FLEX Options, which reset annually to establish new caps and downside protection levels based on market conditions.