Corgi U.S. Industrials 2x Daily ETF (XLIX)

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

The industrial sector includes aerospace and defense companies, machinery manufacturers, airlines, railroads and trucking firms, construction and engineering companies, and business services providers. The fund obtains leveraged exposure mainly through derivatives such as swaps and rebalances daily.

Because the leverage is applied to daily returns, results over longer holding periods can deviate substantially from twice the benchmark's return. The fund belongs to the Corgi ETF family.