CORGI IONQ 2X DAILY ETF (2X LEVERAGED, USD) IONC.US

The IONQ 2× Daily ETF is an actively managed U.S.-listed leveraged exchange-traded fund that aims to deliver, before fees and expenses, two times the daily return of the publicly traded common stock of IonQ, Inc. ("Underlying Security").

It does not seek to achieve two-times the performance over periods longer than a single trading day - returns over multiple days will reflect the effects of compounding, volatility, and the return path of the Underlying Security.

To pursue its 2× daily objective, the fund primarily uses derivatives such as total return swaps and may also use exchange-traded equity futures or other equity-linked instruments. It may hold the Underlying Security's shares directly when operationally efficient.

The fund rebalances its exposure each trading day to maintain approximately twice the daily performance of IonQ. The fund is structured as a series of Corgi ETF Trust I, managed by Corgi Strategies, LLC (a Delaware-based adviser registered with the U.S. Securities and Exchange Commission).

It is classified as an ETF under U.S. regulatory oversight. Due to its concentrated exposure to a single security and use of leverage, it carries elevated risks, including correlation risk, derivatives-related counterparty and liquidity risk, and risks associated with daily rebalancing.