CORGI NVDA 2X DAILY ETF (2X LEVERAGED, USD) NVC.US

The NVDA 2x Daily ETF is an actively managed exchange-traded fund offered by Corgi Strategies, LLC through Corgi ETF Trust I that seeks daily leveraged exposure to NVIDIA Corporation's common stock.

Its objective is to deliver, before fees and expenses, two times (2×) the daily total return of NVIDIA stock (ticker NVDA). Because the fund resets exposure each trading day, returns over longer periods are the result of daily compounding, which means they may diverge significantly from 2× the cumulative return of NVIDIA over those multi-day periods.

To achieve the 2× daily leverage mandate, the fund uses derivatives such as total return swaps, exchange-traded equity futures, and other equity-linked instruments for most of its exposure. Occasionally it may hold shares of NVIDIA directly when operationally efficient.

The fund also rebalances its exposure daily. Under normal circumstances it invests at least 80 % of its net assets in instruments that collectively provide approximately double (2×) exposure to the underlying stock.

This fund falls into the equity asset class, focused on a single company (NVIDIA), a U.S. semiconductor/technology firm. It is non-diversified, meaning a large portion of its assets may be concentrated in the underlying issuer or positions tied to it.

The vehicle is a U.S.-registered ETF under Corgi ETF Trust I, managed by Corgi Strategies, LLC. It is designed as a short-term trading tool rather than a long-term investment due to its leveraged and daily-resetting structure.