Corgi U.S. Micro-Cap 2x Daily ETF (XIWC)

The Corgi U.S. Micro-Cap 2x Daily ETF is a leveraged exchange-traded fund listed on Cboe BZX under the ticker XIWC. It seeks daily investment results, before fees and expenses, of approximately two times the daily performance of a benchmark of U.S. micro-capitalization stocks.

Micro-cap companies are the smallest publicly traded U.S. firms, spanning many sectors and often trading with lower liquidity and greater price swings than larger stocks. The fund obtains its leveraged exposure through derivatives such as swap agreements and resets daily.

Because the 2x target is applied to each day's return, results over longer periods can differ meaningfully from twice the benchmark's return. The fund is part of the Corgi ETF family.