Corgi U.S. Utilities 2x Daily ETF (XLUX)

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

The utilities sector includes electric, gas and water utilities, multi-utilities and independent power producers that generate, transmit and distribute energy and water. The fund gains its leverage primarily through derivatives such as swap agreements and rebalances every trading day.

Because the 2x objective is measured on a daily basis, results over longer periods can differ meaningfully from twice the benchmark's return. The fund belongs to the Corgi ETF family.