Corgi All Commodities 2x Daily ETF (XCOM)

The Corgi All Commodities 2x Daily ETF is a leveraged exchange-traded fund listed on Cboe BZX under the ticker XCOM. It seeks daily investment results, before fees and expenses, of approximately two times the daily performance of a broad benchmark of commodities.

A broad commodities benchmark typically includes futures on energy, industrial and precious metals, and agricultural and livestock products. The fund obtains its leveraged exposure through derivatives such as futures or swaps and resets its exposure each day so that it targets twice the return of a single trading day.

Because of the daily reset, returns over periods longer than one day can diverge significantly from twice the benchmark's return. The fund is part of the Corgi family of ETFs.