Corgi U.S. Industrials 2x Daily ETF is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of the Industrial Select Sector SPDR Fund, using swap-based exposure rather than direct stock ownership. The fund is listed on Cboe BZX under ticker XLIX, was launched on June 3, 2026, and is managed by Corgi Strategies, LLC, a San Francisco-based investment adviser founded in July 2025. The ETF is structured for short-term trading and daily reset exposure, with returns over periods longer than one day likely to differ materially from two times the underlying fund’s cumulative return because of compounding and volatility.
The fund’s core offering is 2x daily leveraged exposure to U.S. industrial equities through swap agreements and other financial instruments tied to the Industrial Select Sector SPDR Fund, with underlying sector exposure associated with aerospace and defense, machinery, transportation, and industrial services. Its reported portfolio is predominantly swap-based, and it does not directly hold operating company stocks. As of September 2026, the fund reports a 0.45% expense ratio, annual distributions, net assets of about $470,000, and a market price close to net asset value.
Recent major company changes include the fund’s launch and listing in June 2026, its initial public availability through major brokerages, and the continued rollout of product materials and fund data on Corgi Invest’s platform. The issuer also discloses the fund’s operating structure, including Corgi Strategies, LLC as adviser, Paralel Distributors LLC as distributor, U.S. Bank N.A. as custodian, and U.S. Bancorp Fund Services as administrator and transfer agent.