Corgi ASTS 2x Daily ETF is a U.S.-domiciled, actively managed, single-stock leveraged exchange-traded fund of Corgi ETF Trust I that seeks, before fees and expenses, investment results corresponding to two times the daily performance of the publicly traded common stock of AST SpaceMobile, Inc. (NASDAQ: ASTS). The fund provides short-term, leveraged exposure to AST SpaceMobile, a space-based cellular-broadband company, and is designed for investors and traders seeking tactical exposure to daily movements in ASTS rather than performance over periods longer than one trading day. Its principal investment activities include obtaining leveraged exposure to ASTS through total return swaps and other derivatives; investing collateral and liquidity balances in cash, cash equivalents, U.S. Treasury bills, money market instruments, repurchase agreements and other short-term government-related securities; and rebalancing its portfolio each trading day to maintain approximately 200% exposure to the underlying security. Corgi ASTS 2x Daily ETF does not generally seek to hold AST SpaceMobile common shares directly and uses swap-based instruments, which may produce gains or losses magnified relative to ASTS on a daily basis; returns over longer holding periods may differ materially from twice the cumulative return of ASTS because of daily compounding and portfolio rebalancing. The fund serves U.S. exchange-traded-fund investors and is managed by Corgi Strategies, LLC. It commenced operations in June 2026, representing a recent expansion of Corgi’s single-stock leveraged ETF offerings, and carries a 0.45% expense ratio. Recent operational disclosures show that the fund maintains its leveraged ASTS exposure primarily through a total return swap while employing government money-market holdings and cash positions as collateral and liquidity instruments.