CORGI ASTS 2X DAILY ETF (2X LEVERAGED, USD) ASTT.US

The fund seeks daily investment results, before fees and expenses, that correspond to twice (2×) the daily performance of AST SpaceMobile, Inc., a publicly traded stock. It is designed as a leveraged, short-term instrument that resets exposure daily; its performance over longer periods reflects the effects of daily compounding and may differ significantly from two times the cumulative return of the underlying security.

To achieve its 2× daily objective, the fund obtains most of its exposure through derivatives, including total return swaps on AST SpaceMobile, equity futures and other equity-linked instruments. It may hold shares of the underlying security directly when operationally efficient.

The fund generally rebalances daily in order to maintain approximately double the daily performance of the underlying stock. It also holds cash or cash equivalents for collateral, liquidity, and portfolio management.

The fund is an actively managed exchange-traded fund registered under the U.S. Investment Company Act of 1940. It is structured as a Delaware statutory trust managed by Corgi Strategies, LLC. The fund is classified as non-diversified, meaning its investment is concentrated in a small number of exposures tied to the performance of a single company.