Corgi U.S. Equities 15% Structured Buffer ETF - May Series (CMAY)

Corgi U.S. Equities 15% Structured Buffer ETF - May Series is a defined-outcome exchange-traded fund from the Corgi fund family. It aims to provide returns linked to the U.S. large-cap equity market over an annual outcome period that begins in May, while buffering against the first 15% of losses in the reference asset over that period.

Funds of this type typically build their exposure with listed or FLEX options on a U.S. equity index or index ETF. In exchange for the downside buffer, upside participation is limited by a cap that is set at the start of each outcome period, and the buffer and cap apply in full only to shareholders who hold for the entire period. The strategy resets each May for a new period.