Corgi U.S. Equities 15% Structured Buffer ETF - August Series (CAUG)

The Corgi U.S. Equities 15% Structured Buffer ETF - August Series (CAUG) is a defined-outcome fund that seeks to provide exposure to U.S. large-cap equities while buffering the first 15% of losses over an annual outcome period that begins in August. In exchange for this protection, upside participation is capped.

Funds of this type typically use options on a broad U.S. equity index or index ETF to construct the buffer and cap. CAUG is part of the Corgi ETF lineup and trades on Cboe BZX; the reference index, cap level and outcome period terms are set out in the prospectus.