Corgi U.S. Small-Cap 15% Structured Buffer ETF - June Series (SCJN)

The Corgi U.S. Small-Cap 15% Structured Buffer ETF - June Series is a defined-outcome exchange-traded fund that seeks to give investors exposure to U.S. small-capitalization stocks while buffering a portion of the downside. As its name indicates, the strategy is designed to absorb roughly the first 15% of losses in its small-cap reference asset over an outcome period that resets each June.

Buffer funds of this kind typically build their payoff with a package of options on the reference asset, which means upside participation over each outcome period is usually limited by a cap that is set when the period begins. Results for a shareholder depend on when shares are bought relative to the start of the period. The fund is part of the Corgi family of structured buffer ETFs, which offers similar series that reset in different calendar months.