CORGI U.S. TECHNOLOGY 2X DAILY ETF (USD) XLKX.US

The U.S. Technology 2× Daily ETF is an actively managed leveraged exchange-traded fund that aims to deliver two times (2×) the daily performance of the Technology Select Sector SPDR Fund (the Underlying ETF).

It achieves this objective on a single trading day; over longer periods, returns will be affected by daily rebalancing and compounding and therefore will not necessarily equal 2× the cumulative return of the Underlying ETF. The Underlying ETF tracks the Technology Select Sector Index, which represents the performance of the U.S. technology sector within the S&P 500.

This sector includes industries such as hardware, software, semiconductors and semiconductor equipment, communications equipment, IT services, storage and peripherals, and similar technology-oriented industries.

The fund uses derivatives to obtain its leveraged exposure, primarily through total return swaps on the Underlying ETF or on baskets of its constituents, as well as exchange-traded equity futures and other equity-linked instruments.

The fund rebalances its exposure daily to maintain its 2× daily target under ordinary market conditions. It is structured as a U.S. registered exchange-traded fund advised by Corgi Strategies, LLC.