Corgi ETF Trust I

Rule 497(c)

File Nos. 333-289838 and 811-24117

Prospectus

June 1, 2026

as supplemented June 30, 2026

as supplemented July 8, 2026

Important Information About the Funds

This prospectus describes the exchange-traded funds listed above (each, a "Fund," and collectively, the "Funds"), each of which is authorized to offer one class of shares through this prospectus.

The Funds seek

daily leveraged (2x) investment results

and are intended to be used as

short-term trading vehicles

. The Funds do

not

seek to achieve their stated investment objective over a period of time greater than one trading day.

The Funds are

not intended to be used by, and are not appropriate for, investors who do not intend to actively monitor and manage their portfolios

. The Funds are very different from most mutual funds and exchange-traded funds. Investors should note that:

The Funds are riskier than alternatives that do not use leverage

because each Fund magnifies, on a daily basis, the performance of its Underlying Security (which may be the publicly traded common stock of a single issuer, as described for each Fund).

The Funds pursue a daily investment objective.

The Funds are designed to provide

approximately 200% (2x) of the daily performance

of their respective Underlying Securities, before fees and expenses.

Compounding and volatility can cause returns over periods longer than one day to differ, and possibly differ significantly, from 2x of the Underlying Security's return for the same period.

The pursuit of the Funds' daily investment objectives means that a Fund's return for periods longer than a single trading day will be the result of a

series of daily leveraged returns

for each trading day during the relevant period. As a consequence, especially during periods of market volatility, the

volatility of the Underlying Security may affect a Fund's return as much as, or more than, the cumulative return of the Underlying Security

for the same period. During periods of high volatility, a Fund may not perform as expected, and a Fund may have losses even when an investor might have expected gains, particularly if the Fund is held for a period that is different than one trading day.

The Funds are

not suitable for all investors

. The Funds are designed to be utilized only by

sophisticated investors

, such as traders and active investors employing dynamic strategies. Investors in the Funds should:

understand the risks associated with the use of leveraged strategies;

understand the consequences of seeking daily leveraged investment results; and

intend to

actively monitor and manage

their investments.

Investors who do not understand the Funds, or do not intend to actively manage their funds and monitor their investments, should

not

buy the Funds.

There is no assurance that a Fund will achieve its daily leveraged investment objective. An investment in a Fund could lose money, potentially rapidly. The Funds are not a complete investment program.

Fund	Ticker	Principal U.S. Listing Exchange
Corgi SK hynix 2x Daily ETF	SK	Cboe BZX Exchange, Inc
Corgi Samsung 2x Daily ETF	SAMX	Cboe BZX Exchange, Inc
Corgi Kioxia 2x Daily ETF	KI	Cboe BZX Exchange, Inc
Corgi Besi 2x Daily ETF	BESX	Cboe BZX Exchange, Inc
Corgi TEL 2x Daily ETF	TELX	Cboe BZX Exchange, Inc
Corgi Advantest 2x Daily ETF	ADVX	Cboe BZX Exchange, Inc
Corgi ASM 2x Daily ETF	ASMX	Cboe BZX Exchange, Inc
Corgi MediaTek 2x Daily ETF	MDTX	Cboe BZX Exchange, Inc
Corgi Delta Electronics 2x Daily ETF	DELC	Cboe BZX Exchange, Inc
Corgi Hyundai 2x Daily ETF	HYUX	Cboe BZX Exchange, Inc
Corgi DISCO 2x Daily ETF	DISC	Cboe BZX Exchange, Inc
Corgi Lasertec 2x Daily ETF	LASX	Cboe BZX Exchange, Inc

The U.S. Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or passed upon the accuracy or adequacy of this Prospectus. Any representation to the contrary is a criminal offense.

FUND SUMMARY – Corgi SK hynix 2x Daily ETF

FUND SUMMARY – Corgi Samsung 2x Daily ETF

FUND SUMMARY – Corgi Kioxia 2x Daily ETF

FUND SUMMARY - Corgi Besi 2x Daily ETF

FUND SUMMARY – Corgi TEL 2x Daily ETF

FUND SUMMARY - Corgi Advantest 2x Daily ETF

FUND SUMMARY – Corgi ASM 2x Daily ETF

FUND SUMMARY – Corgi MediaTek 2x Daily ETF

FUND SUMMARY – Corgi Delta Electronics 2x Daily ETF

FUND SUMMARY – Corgi Hyundai 2x Daily ETF

FUND SUMMARY – Corgi DISCO 2x Daily ETF

FUND SUMMARY – Corgi Lasertec 2x Daily ETF

ADDITIONAL INFORMATION ABOUT FUNDS

MANAGEMENT

HOW TO BUY AND SELL SHARES

FREQUENT PURCHASES AND REDEMPTIONS OF FUND SHARES

DIVIDENDS, OTHER DISTRIBUTIONS AND TAXES

FUND SUMMARY –

Corgi SK hynix 2x Daily ETF

Investment Objective

The

Corgi SK hynix 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of SK hynix Inc. (KRX: 000660) ("SK hynix" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with SK hynix Inc., the Underlying

Security

, or any of their respective affiliates.

Important information about the Fund.

On a day when the Underlying Security rises, the Fund is designed to gain roughly twice as much as the Underlying Security. On a day when the Underlying Security falls, the Fund is designed to lose roughly twice as much as the Underlying Security. Because the Fund resets its exposure each trading day, performance over periods longer than one day will reflect the effects of compounding and may differ, sometimes significantly, from 2x the Underlying Security return for the same period. The degree of difference will depend on factors that include:

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

In general, higher volatility and frequent directional reversals in the Underlying Security tend to reduce the Fund's return relative to 2x of the Underlying Security over time, while strong, steadier trends may result in returns that are closer to, or occasionally greater than, 2x for the same period. The Fund expects to use derivatives, such as swaps and futures, and other instruments to obtain its leveraged exposure. The Fund may be suitable only for investors who understand the consequences of daily leverage and who intend to actively monitor and manage their investment. The Fund (i) presents different risks from other funds; (ii) the Fund has greater risks than funds that do not use leverage; and (iii) the Fund may only be suitable for knowledgeable investors who understand how the Fund operates.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund (the "Shares"). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50 %
Distribution and/or Service (12b-1) Fees	0.00 %
Other Expenses (2)	0.00 %
Total Annual Fund Operating Expenses	0.50 %

(1)

Under the unitary fee arrangement, Corgi Strategies, LLC (the "Adviser"), or any sub-adviser it engages, will bear substantially all of the Fund's ordinary operating expenses, except for: advisory fees; interest on borrowings for investment purposes; dividends and other expenses on securities sold short; taxes; brokerage commissions and other costs of purchasing and selling portfolio securities and other investment instruments; acquired fund fees and expenses; accrued deferred tax liability; any distribution fees and expenses paid under a Rule 12b-1 plan adopted

pursuant

to the Investment Company Act of 1940, as amended (the "1940 Act"); litigation expenses; and other non-routine or extraordinary expenses.

(2)

Based on estimated amounts for the current fiscal year.

Expense Example

This Example is designed to help you compare shareholder costs across funds. It assumes a $10,000 investment held for the periods shown and a full redemption at the end of each period, with a 5% annual return and unchanged operating expenses. Brokerage commissions you may pay when buying or selling Shares are not included. Your actual expenses may differ; based on these assumptions, your costs would be as shown.


1 Year	3 Years
$51	$160

Portfolio Turnover

When the Fund buys and sells securities, it incurs trading costs such as brokerage commissions. Greater trading activity (often called portfolio turnover) generally means higher trading expenses and, in taxable accounts, may result in larger taxable distributions. These amounts are not included in Total Annual Fund Operating Expenses or in the Expense Example and will reduce the Fund's returns. Because the Fund is newly formed, a portfolio turnover rate is not yet available.

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of SK hynix Inc. ("SK hynix"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

To pursue its 2x Daily Objective, the Fund will obtain its investment exposure only through total return swaps and other equity-linked instruments that reference sponsored depositary receipts representing the common stock of SK hynix Inc., including sponsored American Depositary Shares ("ADSs") and the sponsored American Depositary Receipts evidencing them. The Fund will not invest directly in the common stock of SK hynix Inc. and will not reference unsponsored depositary receipts. For purposes of the Fund's 2x Daily Objective, the referenced daily return is measured on a U.S. dollar-translated basis and therefore reflects both (i) movements in the Underlying Security's local-market price and (ii) changes in the U.S. dollar/foreign currency exchange rate. The Fund will generally rebalance its exposure each trading day in order to seek to maintain approximately two times (2x) the daily performance of the Underlying Security.

In connection with its derivative positions, the Fund will maintain cash and cash equivalents, such as U.S. Treasury bills and repurchase agreements, for collateral, liquidity, and portfolio management.

Under normal circumstances, the Fund will invest at least 80% of the value of its net assets, plus any borrowings for investment purposes, in financial instruments (for example, swaps and futures) that, in the aggregate, provide leveraged exposure to the Underlying Security equal to approximately two times its daily performance.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to SK hynix Inc. As of the date of this Prospectus, SK hynix Inc. is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

SK hynix Inc. (KRX: 000660) ("SK hynix")

is a South Korea-based semiconductor manufacturer engaged in the design, development, manufacture, and sale of memory semiconductor products. The company's principal products include dynamic random-access memory (DRAM) and NAND flash memory, which are used in personal computers, servers, mobile devices, consumer electronics, automotive applications, and data centers. SK hynix operates globally and is headquartered in Icheon, South Korea.

Information regarding SK hynix Inc. may be obtained from publicly available sources, including, but not limited to, the company's website (https://www.skhynix.com), filings with the Financial Supervisory Service of South Korea, press releases, investor presentations, and other publicly disseminated documents.

The common stock of SK hynix Inc. is listed and traded on the Korea Exchange ("KRX"). Sponsored American Depositary Shares representing the common stock of SK hynix Inc., which are included within the term Underlying Security, are expected to be listed and traded on a U.S. national securities exchange. Securities traded on foreign exchanges may be subject to different reporting standards, regulatory oversight, settlement practices, and investor protections than securities traded in the United States.

The Korea Exchange operates during trading hours that differ from U.S. market hours. As a result, the market price of the Underlying Security may change at times when U.S. markets are closed, and the Fund's shares are not trading. This may increase the risk that the Fund's shares trade at a premium or discount to the Fund's net asset value.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of SK hynix Inc. Information about SK hynix Inc. included in this Prospectus is based on the date of this Prospectus. SK hynix Inc. is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

The Fund may enter into swap agreements with a limited number of counterparties. If the Underlying Security has a dramatic move in price that causes a material decline in the Fund's NAV over certain stated periods agreed to by the Fund and the counterparty, the terms of a swap agreement between a Fund and its counterparty may permit the counterparty to immediately close out all swap transactions with the Fund. There is a risk that no suitable counterparties will be willing to enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its leveraged investment objective or may decide to change its leveraged investment

object

ive.

For the avoidance of doubt, the Fund will only obtain its leveraged exposure to SK hynix Inc. through total return swaps and other equity-linked instruments that reference sponsored depositary receipts representing the common stock of SK hynix Inc., including sponsored American Depositary Shares ("ADSs") and the sponsored American Depositary Receipts evidencing them. The Fund will not reference unsponsored depositary receipts. As used in this Prospectus, the term "Underlying Security" includes the common stock of SK hynix Inc. and sponsored depositary receipts (including ADSs) representing that common stock.

The Adviser will monitor on an ongoing basis to verify that material information about SK hynix is available in English on its website, through an electronic information delivery system generally available to the public in SK hynix's primary trading market, or otherwise available on websites accessible to U.S. investors, including: (a) information that SK hynix has made public or been required to make public pursuant to the laws of the country of its incorporation, organization, or domicile; (b) information that SK hynix has filed or been required to file with the principal stock exchange in its primary trading market on which its securities are traded and that has been made public by that exchange; or (c) information that SK hynix has distributed or been required to distribute to its security holders.

The Fund expects to use one or more of the following entities as its swap counterparties: CF Secured LLC, Marex Securities Products Inc., and Clear Street LLC. Each is a registered security-based swap dealer with the Securities and Exchange Commission. CF Secured LLC is a subsidiary of Cantor Fitzgerald, L.P., a privately held limited partnership. Clear Street LLC is a subsidiary of Clear Street Group Inc., a privately held Delaware corporation. As privately held entities, Cantor Fitzgerald, L.P. and Clear Street Group Inc. do not file periodic reports with the SEC; however, CF Secured LLC and Clear Street LLC each file annual financial reports (Form X-17A-5) with the SEC as registered broker-dealers. Marex Securities Products Inc. is a subsidiary of Marex Group plc, whose ordinary shares are listed on the Nasdaq Stock Market under the symbol "MRX." Marex Group plc is subject to the informational requirements of the Securities Exchange Act of 1934 and files annual reports on Form 20-F and current reports on Form 6-K with the SEC. Reports and other information concerning Marex Group plc can be inspected at the SEC and at the Nasdaq Stock Market. Debts of Marex Securities Products Inc. as they may relate to the Fund are not guaranteed by Marex Group plc. Debts of CF Secured LLC and Clear Street LLC as they may relate to the Fund are not guaranteed by any publicly traded parent entity.

Principal Risks of Investing in the Fund

The principal risks are presented below in order of importance as determined by the Adviser, with the most significant risks appearing first. Each risk described below is considered a "principal risk" of investing in the Fund, regardless of its order. As with any investment, you could lose all or part of your investment. Any of these risks could adversely affect the Fund's net asset value ("NAV"), market price, yield, total return, and/or its ability to achieve its objective.

Leverage Risk.

The Fund uses leverage to target approximately 2x the Underlying Security's daily return. Losses are magnified relative to the Underlying Security. If the Underlying Security declines by around 50% during a trading day, the Fund could experience a near-total or total loss. The use of leverage increases volatility and the risk of rapid losses. Costs of obtaining and maintaining leverage, including financing charges embedded in derivatives, will reduce returns.

Compounding and Daily Rebalancing Risk.

The Fund seeks 2x the Underlying Security's return for a single day, measured from one NAV calculation to the next. Over periods longer than one day, the effects of daily compounding, the path of Underlying Security returns, and Underlying Security volatility will likely cause the Fund's performance to differ, sometimes significantly, from 2x the Underlying Security return for the same period. During volatile or frequently reversing markets, returns may be lower than 2x the Underlying Security return for the period, and you could lose money even if the Underlying Security is flat or rises over the holding period.

The chart below provides examples of how Underlying Security volatility could affect the Fund's performance. Fund performance for periods greater than one single day can be estimated given any set of assumptions for the following factors: a) Underlying Security volatility; b) Underlying Security performance; c) period of time; d) financing rates associated with leveraged exposure; e) other Fund expenses; and f) the Underlying Security's dividends. The chart below illustrates the impact of two principal factors, Underlying Security volatility and performance, on Fund performance. The chart shows estimated Fund returns for a number of combinations of Underlying Security volatility and performance over a one-year period. Performance shown in the chart assumes that (i) there were no Fund expenses; and (ii) borrowing rates (needed to obtain a leveraged long exposure) of 0%. If Fund expenses and/or actual borrowing/lending rates were reflected, the estimated returns would be lower than those shown. Particularly during periods of higher Underlying Security volatility, compounding will cause results for periods longer than a trading day to vary from the performance of the Underlying Security.

As shown in the chart below, the Fund would be expected to lose 6.0% if the Underlying Security provided no return over a one-year period during which the Underlying Security experienced annualized volatility of 25%. At higher ranges of volatility, there is a chance of a significant loss of value in the Fund, even if the Underlying Security return is flat. For instance, if the Underlying Security annualized volatility is 100%, the Fund would be expected to lose 63.3% of its value, even if the cumulative Underlying Security return for the year was 0%. Areas shaded red represent those scenarios where the Fund can be expected to return less than 200% of the performance of the Underlying Security and those shaded green represent those scenarios where the Fund can be expected to return more than 200% of the performance of the Underlying Security. The Fund's actual returns may be significantly better or worse than the returns shown below as a result of any of the factors discussed above or in "Compounding and Daily Rebalancing Risk" above.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

The Fund seeks approximately 2x the daily performance of the Underlying Security but may not achieve perfect leveraged correlation. Fees and expenses, transaction and financing costs, the use of derivatives, market disruptions, corporate actions, sampling, and limitations on rebalancing can all cause performance to deviate from the 2x Daily Objective.

Derivatives Risk.

To the extent the Fund uses derivatives (e.g., total return swaps) to obtain exposure or for portfolio management, it is subject to counterparty, liquidity, valuation, leverage, and correlation risks. Derivatives can be more volatile than direct holdings and may increase exposure to certain market risks.

Counterparty Risk.

The Fund expects to use swap agreements and other over-the-counter instruments with financial institutions. The Fund could lose money if a counterparty fails to perform its obligations. In stressed markets, a counterparty may have contractual rights to terminate or substantially amend transactions, which could impair the Fund's ability to maintain targeted exposure.

Financing, Margin, and Interest Rate Risk.

The Fund's use of derivatives and leverage requires the posting of margin and the maintenance of collateral, which may require the Fund to hold significant amounts of cash and short term instruments. Changes in interest rates, margin requirements, or financing terms may increase the cost of maintaining leveraged positions or reduce the availability of leverage. Rising interest rates may increase the Fund's financing costs, reduce returns on cash and short term instruments, and adversely affect equity market valuations.

Foreign Securities Risk.

The Underlying Security is issued by a non-U.S. company and is traded on a foreign securities exchange. Foreign securities involve risks not typically associated with U.S. securities. These may include differences in accounting, auditing, financial reporting, disclosure standards, and regulatory oversight; less liquid and more volatile markets; and political, economic, or social instability. Foreign markets may impose trading restrictions, capital controls, or other limitations that could affect the Fund's ability to obtain exposure or close positions. Legal remedies available to investors may be more limited in foreign jurisdictions, and enforcement of judgments may be difficult. Settlement, custody, and clearance practices may differ from those in U.S. markets and may be less developed, which could increase operational or counterparty risks. Government authorities may intervene in financial markets through regulation, trading suspensions, market closures, or other actions that could adversely affect the value or liquidity of the Underlying Security.

Foreign Issuer Governance and Shareholder Rights Risk.

Corporate governance standards, shareholder protections, disclosure requirements, and regulatory oversight applicable to foreign issuers may differ from those in the United States. Foreign issuers may have controlling shareholders, concentrated ownership structures, or different fiduciary standards that could affect minority shareholders. Legal remedies available to investors may be more limited, and it may be difficult to obtain or enforce judgments against foreign issuers. These factors could adversely affect the value of the Underlying Security and, because the Fund provides leveraged exposure, may result in amplified declines in the Fund's net asset value and market price.

South Korea Market Risk.

The Underlying Security is listed on the Korea Exchange ("KRX"). The South Korean securities market may be significantly more volatile and less liquid than U.S. markets and may be affected by changes in government policy, geopolitical tensions on the Korean peninsula, trade disputes, currency fluctuations, regional economic conditions, and global market developments. South Korea's economy is highly dependent on exports and international trade, which may make it particularly sensitive to changes in global demand, supply chain disruptions, and foreign economic conditions. Market structure, trading hours, settlement practices, and regulatory oversight in South Korea differ from those in the United States and may affect the Fund's ability to obtain exposure, maintain, or rebalance exposure efficiently or at expected prices. In addition, government authorities may intervene in financial markets through regulatory actions, trading restrictions, or market closures, which could adversely affect liquidity, valuation, or the value of the Underlying Security.

Indirect Investment Risk.

The Fund gains exposure to an unaffiliated Underlying Security that is not involved in this offering. The Fund has no control over the Underlying Security and relies on publicly available information. Fund shareholders have no voting or distribution rights with respect to the Underlying Security, and actions taken by the Underlying Security could negatively affect the Fund's performance.

Single-Stock Risk.

The Fund's exposure is concentrated in the securities of a single issuer. As a result, the Fund is particularly sensitive to factors that affect the Underlying Security, including company-specific risks, earnings announcements, product developments, competitive dynamics, management decisions, regulatory actions, supply-chain disruptions, geopolitical events, and market sentiment. The Fund may be more volatile than funds that track a diversified index or basket of securities.

Underlying Security Liquidity Risk.

The liquidity of the Underlying Security may be limited, particularly during periods of market stress, reduced trading activity, or heightened volatility. If trading volume declines or market participants withdraw, it may be more difficult for the Fund to obtain or adjust exposure at desired prices. Limited liquidity may increase price volatility of the Underlying Security and may cause the Fund's net asset value and market price to fluctuate more significantly. Because the Fund seeks leveraged daily investment results, reduced liquidity in the Underlying Security may result in amplified losses and increased volatility.

Trading Halt Risk.

Trading in the Underlying Security or a Fund's shares may be halted due to market conditions, exchange rules, regulatory actions, or extraordinary volatility. Because each Fund seeks daily leveraged exposure, trading halts may impair the Fund's ability to rebalance its portfolio or maintain target exposure. In such circumstances, the Fund may be unable to achieve its investment objective and its shares may trade at a premium or discount to net asset value.

Gap Risk.

Because the Underlying Security trades on a foreign exchange during hours when the Fund's shares do not trade, significant price changes may occur between market sessions. Such overnight, weekend, or holiday price movements may cause the Fund to experience substantial gains or losses at the next market open. Due to the Fund's daily leveraged investment objective, these movements may result in amplified volatility and losses in the Fund's NAV and market price.

Global Equity Market Risk.

The Fund is exposed to global equity market risk through its exposure to the Underlying Security. Equity securities may decline in value due to issuer-specific factors or broad market and economic conditions. Global equity markets can be volatile and may be affected by changes in interest rates, inflation, economic growth, earnings trends, political events, trade disputes, pandemics, natural disasters, and other factors. Because the Fund provides leveraged exposure, declines in global equity markets may result in proportionally larger declines in the Fund's net asset value.

Currency Risk.

their local currencies, the Fund's return may be reduced if the U.S. dollar strengthens relative to those currencies. The Fund does not expect to systematically hedge foreign currency exposure.

Memory Semiconductor Pricing Risk.

The issuer derives a substantial portion of its revenue and profits from memory semiconductor products. Prices for memory products are highly cyclical and may fluctuate significantly due to changes in supply and demand, inventory levels, technological transitions, and macroeconomic conditions. Periods of declining memory prices may materially and adversely affect revenues, margins, and earnings of the issuer of the Underlying Security. Because the Fund seeks leveraged exposure, such declines may result in proportionally larger losses in the Fund.

Semiconductor Industry Cyclicality Risk.

The semiconductor industry is highly cyclical and characterized by rapid technological change, short product life cycles, significant capital investment requirements, and frequent supply-demand imbalances. Periods of excess capacity, inventory corrections, pricing pressure, or reduced demand from end markets such as data centers, personal computers, mobile devices, and consumer electronics may cause significant fluctuations in the price of the Underlying Security.

Technology and Competition Risk.

The issuer operates in a highly competitive industry subject to rapid technological change and innovation. The issuer's success depends on its ability to develop advanced semiconductor technologies, maintain cost competitiveness, and respond to evolving industry standards. Failure to keep pace with technological developments or competitors may result in loss of market share, reduced profitability, and declines in the value of the Underlying Security.

Capital Intensity Risk.

The issuer of the Underlying Security operates in a highly capital-intensive industry and has significant future capital expenditure commitments. Semiconductor manufacturing requires substantial ongoing investment in fabrication facilities, equipment, and process technology. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in industry demand, pricing cycles, or financing conditions.

Information & Corporate Action Risk.

Information regarding the Underlying Security may be less timely, less complete, or subject to different accounting and reporting standards than information for U.S. issuers. Corporate actions, including dividends, stock splits, mergers, regulatory interventions, or trading suspensions, may occur with limited advance notice and may affect the Fund's ability to maintain its targeted exposure.

Trading Hours Risk.

The Underlying Security trades during hours when U.S. markets are closed. As a result, the Fund's NAV may be based on prices that are stale or reflect information that differs from the information available during U.S. trading hours. This may increase the likelihood that the Fund's shares trade at a premium or discount to NAV.

Non-Diversified Fund Risk.

As a non-diversified fund, the Fund may invest a larger portion of its assets in the securities of, or obtain exposure through, a smaller number of issuers and/or counterparties than a diversified fund. As a result, a decline in the financial condition of any such issuer or counterparty, or other adverse development affecting them, may have a disproportionately negative impact on the Fund's performance.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Shares of the Fund trade on an exchange at market prices, which may differ from the Fund's net asset value ("NAV"). Shares may trade at a premium or discount to NAV, and the market for the Fund's Shares may become less liquid in stressed market conditions. The Fund relies on a limited number of financial institutions to act as market makers and Authorized Participants ("APs") to create and redeem Shares. If market makers or APs reduce or cease their activities, bid-ask spreads and premiums or discounts may increase, and secondary-market liquidity may deteriorate.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

To the extent the Fund effects creations or redemptions in cash rather than in-kind, the Fund may need to purchase or sell portfolio securities and derivatives in connection with those transactions. This may cause the Fund to incur additional transaction costs, realize taxable gains, and reduce the Fund's tax efficiency relative to ETFs that rely more heavily on in-kind transfers. In addition, investors buying or selling Fund Shares in the secondary market will typically pay brokerage commissions and will bear costs associated with the bid-ask spread between the price at which a dealer is willing to buy Fund Shares and the price at which the dealer is willing to sell Fund Shares. These trading costs can be significant for some investors, particularly for investors who trade frequently or in smaller amounts.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

The Adviser is both a newly registered investment adviser and has limited experience managing a registered fund. As a result, there is no long-term track record against which an investor may judge the Adviser and it is possible the Adviser may not achieve the Fund's intended investment objective.

Absence of Active Market Risk.

Although Shares are listed for trading on a stock exchange, there is no assurance that an active trading market for them will develop or be maintained. In the absence of an active trading market for Shares, they will likely trade with a wider bid/ask spread and at a greater premium or discount to net asset value.

Depositary Receipts Risk.

Foreign Issuer Information Risk.

SK hynix is a foreign issuer whose securities are not registered under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and SK hynix is not subject to the periodic reporting requirements of the Exchange Act. The Fund and the Adviser rely on information that SK hynix publishes or is required to make publicly available in its home jurisdiction, and on the exemption from registration under Section 12(g) of the Exchange Act provided by Rule 12g3-2(b) thereunder. To the extent the Adviser determines that material information about SK hynix is not available in English and generally made available to the public in the manner described above in the "Principal Investment Strategies" section, investors in the Fund may not be able to gather information on which to make investment decisions. In such circumstances, the Adviser will advise the Fund's Board of Trustees of the circumstances, and the Board may make a determination to cease operations of the Fund. In such circumstances, the Fund may close out or liquidate its positions and distribute cash to shareholders, or the Board may take such other actions as it deems most appropriate for, and in the best interest of, shareholders under the circumstances.

Performance

Because the Fund has not completed a full calendar year of operations as of the date of this Prospectus, performance information is not presented. After the Fund has a full calendar year of results, this section will include a calendar-year bar chart and a table of average annual total returns, which will help illustrate the variability of the Fund's returns over time. At that time, the Fund's performance will be compared to the Underlying Security and an appropriate broad-based global equity securities market index (total return). The specific benchmark index (or indexes) used for this comparison will be identified in this section once performance information is presented and will be selected to represent the overall applicable global equity market relevant to the Fund's investment exposure.

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Portfolio Managers:

The individuals primarily responsible for the day-to-day management of the Fund are Isaac Hargett, Anthony Crinieri, and Miles Braden, each a Portfolio Manager for the Adviser; each of whom has served as a portfolio manager of the Fund since 2026.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc.(the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Fund distributions are generally taxable to shareholders as ordinary income, qualified dividend income, and/or capital gains (or some combination), unless shares are held through an individual retirement account ("IRA") or other tax-advantaged arrangement, in which case taxes may be due upon withdrawal. Your tax treatment may vary; consult your tax adviser about your particular circumstances.

Financial Intermediary Compensation

If you purchase shares of the Fund through a broker-dealer or other financial intermediary (such as a bank), the Adviser and/or its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

FUND SUMMARY –

Corgi Samsung 2x Daily ETF

Investment Objective

The

Corgi Samsung 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Samsung Elec

tro

nics Co., Ltd. (KRX: 005930) ("Samsung" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with Samsung Electronics Co., Ltd., the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Samsung Electronics Co., Ltd. ("Samsung"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

To pursue its 2x Daily Objective, the Fund expects to obtain most of its exposure through derivatives, including total return swaps on the Underlying Security, and may also use exchange-traded equity futures and other equity-linked instruments. From time to time, and when operationally efficient, the Fund may hold some Underlying Security shares directly. For purposes of the Fund's 2x Daily Objective, the referenced daily return is measured on a U.S. dollar-translated basis and therefore reflects both (i) movements in the Underlying Security's local-market price and (ii) changes in the U.S. dollar/foreign currency exchange rate. The Fund will generally rebalance its exposure each trading day in order to seek to maintain approximately two times (2x) the daily performance of the Underlying Security.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Samsung Electronics Co., Ltd. As of the date of this Prospectus, Samsung Electronics Co., Ltd. is assigned to the semiconductor and electronics technology industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Samsung Electronics Co., Ltd. (KRX: 005930) ("Samsung")

is a South Korea-based multinational technology company engaged in the design, manufacture, and sale of a broad range of electronic products and components. The company operates through several business segments, including semiconductor solutions, mobile communications, consumer electronics, and display technologies. Its semiconductor business includes memory products such as dynamic random-access memory (DRAM) and NAND flash memory, as well as system semiconductors. Samsung operates globally and is headquartered in Suwon, South Korea.

Information regarding Samsung Electronics Co., Ltd. may be obtained from publicly available sources, including, but not limited to, the company's Investor Relations site (

https://www.samsung.com/global/ir

), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

The Underlying Security is listed and traded on the Korea Exchange ("KRX") and is not listed on a U.S. national securities exchange. Securities traded on foreign exchanges may be subject to different reporting standards, regulatory oversight, settlement practices, and investor protections than securities traded in the United States.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of Samsung Electronics Co., Ltd. Information about Samsung Electronics Co., Ltd. included in this Prospectus is based on the date of this Prospectus. Samsung Electronics Co., Ltd. is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

ty.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

South Korea Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

their local currencies, the Fund's return may be reduced if the U.S. dollar strengthens relative to those currencies. The Fund does not expect to systematically hedge foreign currency exposure.

Semiconductor Industry Risk.

Through its exposure to the Underlying Security, the Fund is exposed to risks associated with the semiconductor industry. The semiconductor industry is highly cyclical and subject to rapid technological change, short product life cycles, significant capital expenditure requirements, and pricing volatility. Periods of excess capacity, inventory corrections, pricing pressure, or reduced demand may materially and adversely affect the financial performance of the issuer of the Underlying Security and the value of the Underlying Security. Because the Fund seeks leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Technology Industry Competition Risk.

The issuer operates in highly competitive technology markets that are subject to rapid innovation and technological change. The issuer's success depends on its ability to develop advanced technologies, maintain cost competitiveness, and respond to evolving industry standards. Failure to compete effectively or keep pace with technological developments may reduce revenues, margins, or market share and negatively affect the value of the Underlying Security.

Multi-Segment Business Risk.

The issuer operates across multiple business segments, including semiconductor solutions, mobile communications, consumer electronics, and display technologies. Performance may be affected by product launch timing, pricing competition, technological shifts, and changes in global economic conditions. Weakness in key segments may result in earnings volatility and stock price fluctuations, which may be magnified by the Fund's use of leverage.

Capital Intensity Risk.

The issuer operates in a highly capital-intensive industry requiring substantial ongoing investment in fabrication facilities, equipment, and process technology. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in industry demand or pricing cycles.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Portfolio Managers: The individuals primarily responsible for the day-to-day management of the Fund are Isaac Hargett, Anthony Crinieri, and Miles Braden, each a Portfolio Manager for the Adviser; each of whom has served as a portfolio manager of the Fund since 2026.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY – Corgi Kioxia 2x Daily ETF

Investment Objective

The

Corgi Kioxia 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Kioxia Holdings Corporation (TYO: 285A) ("Kioxia" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund

, t

he Trust, and the Adviser are not affiliated with Kioxia Holdings Corporation, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Kioxia Holdings Corporation ("Kioxia"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Kioxia Holdings Corporation. As of the date of this Prospectus, Kioxia Holdings Corporation is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Kioxia Holdings Corporation (TYO: 285A) ("Kioxia")

is a Japan-based semiconductor company focused on the development, manufacture, and sale of memory and storage products. The company's products include NAND flash memory and solid-state storage solutions used in consumer electronics, data centers, mobile devices, and enterprise systems. Kioxia operates globally and is headquartered in Tokyo, Japan.

Information regarding Kioxia may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.kioxia-holdings.com/en-jp/ir.html), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

The Underlying Security is listed and traded on the Tokyo Stock Exchange ("TSE") and is not listed on a U.S. national securities exchange. Securities traded on foreign exchanges may be subject to different reporting standards, regulatory oversight, settlement practices, and investor protections than securities traded in the United States.

The Tokyo Stock Exchange operates during trading hours that differ from U.S. market hours. As a result, the market price of the Underlying Security may change at times when U.S. markets are closed and the Fund's shares are not trading. This may increase the risk that the Fund's shares trade at a premium or discount to the Fund's net asset value.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of Kioxia Holdings Corporation. Information about Kioxia Holdings Corporation included in this Prospectus is based on the date of this Prospectus. Kioxia Holdings Corporation is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

relate

to the Fund are not guaranteed by Marex Group plc. Debts of CF Secured LLC and Clear Street LLC as they may relate to the Fund are not guaranteed by any publicly traded parent entity.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Japan Market Risk.

The Underlying Security is listed on the Tokyo Stock Exchange ("TSE"). The Japanese securities market may be more volatile and less liquid than U.S. markets and may be affected by changes in government policy, trade conditions, currency fluctuations, regional economic developments, and global market conditions. Japan's economy is heavily dependent on international trade and exports, which may make it particularly sensitive to changes in global demand, supply chain disruptions, commodity price fluctuations, and economic conditions in major trading partners. Market structure, trading hours, settlement practices, and regulatory oversight in Japan differ from those in the United States and may affect the Fund's ability to obtain exposure, maintain exposure, or rebalance exposure efficiently or at expected prices. In addition, Japanese authorities may intervene in financial markets, including through monetary policy actions, currency market intervention, regulatory measures, trading restrictions, or market closures, which could adversely affect liquidity, valuation, or the value of the Underlying Security.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk

. Because the Underlying Security is denominated in a foreign currency, the Fund is indirectly exposed to currency risk. Changes in currency exchange rates may reduce returns or increase losses. Even if the Underlying Security gains value in their local currencies, the Fund's return may be reduced if the U.S. dollar strengthens relative to those currencies. The Fund does not expect to systematically hedge foreign currency exposure.

NAND Flash Market and Pricing Cycle Risk.

The issuer of the Underlying Security operates in the NAND flash memory market, which is highly cyclical and subject to rapid changes in supply and demand. Prices for NAND products may decline significantly during industry downturns due to factors such as reduced global demand, excess inventories, increased production capacity, or technological transitions. Such conditions may adversely affect the issuer's revenues, profitability, and financial condition and may cause the value of the Underlying Security to decline. Because the Fund seeks daily leveraged investment results, adverse developments in the NAND market may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Risk.

Joint Venture Manufacturing Risk.

The issuer relies on strategic joint venture arrangements for a significant portion of its semiconductor manufacturing capacity. Disputes, operational disruptions, financial difficulties, or strategic disagreements with joint venture partners could impair production, delay technology transitions, increase costs, or reduce output, which could adversely affect the issuer's business and the value of the Underlying Security.

Capital Intensity Risk.

The issuer operates in a highly capital-intensive industry requiring substantial ongoing investment in fabrication facilities, semiconductor manufacturing equipment, process technologies, and capacity expansion. Significant capital expenditures are required to develop next-generation memory technologies, expand production output, and maintain competitiveness. If expected returns on such investments are not realized, or if industry demand or pricing declines, the issuer's financial flexibility may be reduced and its operating results and financial condition could be materially adversely affected, which could negatively impact the value of the Underlying Security.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of large customers, including cloud service providers, device manufacturers, and storage solution integrators. The loss of, or reduction in purchases by, one or more key customers, or changes in their inventory management or procurement strategies, could materially adversely affect revenues, margins, and operating results and negatively affect the value of the Underlying Security.

Technology Transition Risk.

The issuer's competitiveness depends on its ability to successfully develop, manufacture, and commercialize advanced semiconductor technologies, including transitions to new process nodes and memory architectures. Such transitions are complex, capital-intensive, and subject to significant execution risk, including yield shortfalls, manufacturing defects, equipment delays, supply constraints, design flaws, or failures to achieve expected performance or cost targets. Delays or difficulties in executing technology transitions could reduce production volumes, increase costs, impair margins, or cause the issuer to lose market share to competitors. These developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

The specific benchmark index (or indexes) used for this comparison will be identified in this section once performance information is presented and will be selected to represent the overall applicable global equity market relevant to the Fund's investment exposure.

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi Besi 2x Daily ETF

Investment Objective

The

Corgi Besi 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of BE Semicondu

or Industries N.V. (Euronext Amsterdam: BESI) ("Besi" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with BE Semiconductor Industries N.V., the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of BE Semiconductor Industries N.V. ("Besi"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to BE Semiconductor Industries N.V. As of the date of this Prospectus, BE Semiconductor Industries N.V. is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

BE Semiconductor Industries N.V. (Euronext Amsterdam: BESI) ("Besi")

is a Netherlands-based semiconductor equipment manufacturer that develops, produces, markets, and services advanced assembly equipment used in semiconductor packaging and interconnect technologies. Its products are used by semiconductor manufacturers and outsourced semiconductor assembly and test providers in applications including advanced packaging, flip chip, wafer-level packaging, and die attach solutions for mobile devices, automotive electronics, data centers, and other computing applications. Besi operates globally and is headquartered in Duiven, the Netherlands.

Information regarding Besi may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (

https://www.besi.com

), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

The Underlying Security is listed and traded on Euronext Amsterdam and is not listed on a U.S. national securities exchange. Securities traded on foreign exchanges may be subject to different reporting standards, regulatory oversight, settlement practices, and investor protections than securities traded in the United States.

Euronext Amsterdam operates during trading hours that differ from U.S. market hours. As a result, the market price of the Underlying Security may change at times when U.S. markets are closed and the Fund's shares are not trading. This may increase the risk that the Fund's shares trade at a premium or discount to the Fund's net asset value.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of

BE Semiconductor Industries N.V.

Information about BE Semiconductor Industries N.V.

included in this Prospectus is based on the date of this Prospectus.

BE Semiconductor Industries N.V.

is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

The principal risks are presented below in order of importance as determined by the Adviser, with

the

most significant risks appearing first. Each risk described below is considered a "principal risk" of investing in the Fund, regardless of its order. As with any investment, you could lose all or part of your investment. Any of these risks could adversely affect the Fund's net asset value ("NAV"), market price, yield, total return, and/or its ability to achieve its objective.

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Netherlands Market Risk.

The Underlying Security is listed on Euronext Amsterdam. Securities markets in the Netherlands may be more volatile and less liquid than U.S. markets and may be affected by changes in government policy, trade conditions, currency fluctuations, regional economic developments, and global market conditions. The Dutch economy is highly dependent on international trade, financial services, and cross-border commerce, which may make it particularly sensitive to changes in global demand, supply chain disruptions, commodity price fluctuations, interest rate movements, and economic conditions in major trading partners. Market structure, trading hours, settlement practices, and regulatory oversight in the Netherlands differ from those in the United States and may affect the Fund's ability to obtain exposure, maintain exposure, or rebalance exposure efficiently or at expected prices. In addition, European Union or Dutch authorities may intervene in financial markets through regulatory actions, monetary or fiscal policy measures, trading restrictions, or market closures, which could adversely affect liquidity, valuation, or the value of the Underlying Security.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Because the Underlying Security is denominated in a foreign currency, the Fund is indirectly exposed to currency risk. Changes in currency exchange rates may reduce returns or increase losses. Even if the Underlying Security gains value in their local currencies, the Fund's return may be reduced if the U.S. dollar strengthens relative to those currencies. The Fund does not expect to systematically hedge foreign currency exposure.

Semiconductor Equipment Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from sales of semiconductor assembly and packaging equipment. Demand for such equipment is highly cyclical and depends largely on capital expenditures by semiconductor manufacturers. These expenditures are influenced by semiconductor supply-demand conditions, chip pricing trends, technological transitions, and global economic conditions. During industry downturns or periods of reduced capital spending, semiconductor manufacturers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and may cause the value of the Underlying Security to decline. Because the Fund seeks daily leveraged investment results, adverse developments affecting semiconductor equipment demand may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Risk.

Through its exposure to the Underlying Security, the Fund is subject to risks affecting the global semiconductor industry. The semiconductor industry is highly cyclical and subject to rapid technological change, pricing volatility, geopolitical trade dynamics, supply chain constraints, and fluctuations in end-market demand across sectors such as consumer electronics, automotive, cloud computing, and artificial intelligence. Periods of industry oversupply, inventory corrections, pricing pressure, or reduced demand for semiconductors may materially adversely affect the financial performance of companies operating in the industry, including customers of the issuer of the Underlying Security, and may cause the value of the Underlying Security to decline. Because the Fund seeks leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Advanced Packaging Adoption Risk.

The issuer's growth depends in part on industry adoption of advanced semiconductor packaging technologies, including hybrid bonding and next-generation interconnect solutions. If semiconductor manufacturers adopt alternative technologies, delay transitions, reduce capital spending, or select competing equipment suppliers, demand for the issuer's products could decline, which could adversely affect revenues, margins, and market share and negatively impact the value of the Underlying Security. Because the Fund provides leveraged exposure, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Capital Intensity Risk.

The issuer operates in a capital-intensive industry requiring ongoing investment in precision manufacturing equipment, advanced packaging technologies, engineering capabilities, and research and development. Significant capital expenditures may be necessary to develop new packaging platforms, expand production capacity, and maintain technological competitiveness. If anticipated demand or returns on these investments are not realized, financial flexibility may be reduced and operating results may be adversely affected, which could negatively impact the value of the Underlying Security.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of semiconductor manufacturers, foundries, and outsourced assembly and test providers. The loss of, or reduction in orders from, one or more key customers, or changes in their capital spending or production plans, could materially adversely affect revenues, margins, and operating results and negatively affect the value of the Underlying Security.

Technology Transition Risk.

The issuer's competitiveness depends on its ability to successfully develop, manufacture, and commercialize advanced semiconductor assembly and packaging equipment technologies. Transitions to new packaging architectures, advanced interconnect solutions, or next-generation manufacturing platforms are complex, capital-intensive, and subject to significant execution risk, including engineering challenges, equipment performance limitations, supply constraints, design defects, or delays in product development. Difficulties or delays in successfully introducing new technologies or equipment platforms could reduce order volumes, increase costs, impair margins, or cause the issuer to lose market share to competitors. These developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Because the Fund has not completed a full calendar year of operations as of the date of this Prospectus, performance information is not presented.

After the Fund has a full calendar year of results, this section will include a calendar-year bar chart and a table of average annual total returns, which will help illustrate the variability of the Fund's returns over time. At that time, the Fund's performance will be compared to the Underlying Security and an appropriate broad-based global equity securities market index (total return). The specific benchmark index (or indexes) used for this comparison will be identified in this section once performance information is presented and will be selected to represent the overall applicable global equity market relevant to the Fund's investment exposure.

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi TEL 2x Daily ETF

Investment Objective

The

Corgi TEL 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the

ublicly-traded common stock of Tokyo Electron Limited (TYO: 8035) ("TEL" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with Tokyo Electron Limited, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

Under the unitary fee arrangement, Corgi

Strategies

, LLC (the "Adviser"), or any sub-adviser it engages, will bear substantially all of the Fund's ordinary operating expenses, except for: advisory fees; interest on borrowings for investment purposes; dividends and other expenses on securities sold short; taxes; brokerage commissions and other costs of purchasing and selling portfolio securities and other investment instruments; acquired fund fees and expenses; accrued deferred tax liability; any distribution fees and expenses paid under a Rule 12b-1 plan adopted pursuant to the Investment Company Act of 1940, as amended (the "1940 Act"); litigation expenses; and other non-routine or extraordinary expenses.

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Tokyo Electron Limited ("TEL"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Tokyo Electron Limited. As of the date of this Prospectus, Tokyo Electron Limited is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Tokyo Electron Limited

(TYO: 8035) ("TEL")

is a Japan-based semiconductor equipment manufacturer that develops, produces, and markets advanced semiconductor production equipment used in wafer fabrication processes. Its products are used by semiconductor manufacturers worldwide in applications including logic, memory, foundry, and advanced packaging production. TEL operates globally and is headquartered in Tokyo, Japan.

Information regarding TEL may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.tel.com), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of the Tokyo Electron Limited.

Information about the Tokyo Electron Limited

included in this Prospectus is based on the date of this Prospectus.

Tokyo Electron Limited is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

The Fund seeks approximately 2x the daily performance of the

Underlying

Security but may not achieve perfect leveraged correlation. Fees and expenses, transaction and financing costs, the use of derivatives, market disruptions, corporate actions, sampling, and limitations on rebalancing can all cause performance to deviate from the 2x Daily Objective.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Japan Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Semiconductor Equipment Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from sales of semiconductor manufacturing equipment. Demand for such equipment is highly cyclical and depends largely on capital expenditures by semiconductor manufacturers, which are influenced by semiconductor supply-demand conditions, chip pricing trends, technology transition cycles, and global economic conditions. During industry downturns or periods of reduced capital spending, semiconductor manufacturers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and may cause the value of the Underlying Security to decline. Because the Fund seeks daily leveraged investment results, adverse developments affecting semiconductor equipment demand may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Risk.

Through its exposure to the Underlying Security, the Fund is subject to risks affecting the global semiconductor industry. The semiconductor industry is highly cyclical and subject to rapid technological change, pricing volatility, geopolitical trade dynamics, supply chain constraints, and fluctuations in end-market demand across sectors such as consumer electronics, automotive, cloud computing, and artificial intelligence. Periods of industry oversupply, inventory corrections, pricing pressure, or reduced semiconductor demand may materially adversely affect the financial performance of semiconductor manufacturers, which could reduce capital expenditures on equipment and negatively affect demand for the issuer's products and the value of the Underlying Security. Because the Fund seeks leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Technology Adoption and Transition Risk.

The issuer's growth depends on semiconductor manufacturers adopting new process technologies, device architectures, advanced packaging solutions, and next-generation manufacturing platforms, as well as on the issuer's ability to successfully develop, manufacture, and commercialize equipment supporting such transitions. Technology migrations are complex, capital-intensive, and subject to significant execution risk, including engineering challenges, equipment performance limitations, supply constraints, design defects, or delays in product development. If semiconductor manufacturers delay technology transitions, reduce capital expenditures, adopt alternative technologies, or select competing equipment suppliers, demand for the issuer's products could decline, which could adversely affect revenues, margins, market share, and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

The issuer's business is sensitive to international trade policies, export controls, and geopolitical developments affecting semiconductor supply chains. Restrictions on sales of semiconductor manufacturing equipment to certain countries, customers, or end uses, or changes in licensing requirements, sanctions regimes, or trade regulations, could limit the issuer's ability to sell products, reduce revenues, or disrupt operations. Such developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Capital Intensity Risk.

The issuer operates in a highly capital-intensive industry requiring substantial ongoing investment in advanced manufacturing equipment development, engineering infrastructure, and research and development. Significant expenditures are required to support innovation, meet customer technology requirements, and maintain competitive positioning. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in semiconductor demand, capital spending cycles, or pricing conditions, which could materially adversely affect the issuer's financial condition and the value of the Underlying Security.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of semiconductor manufacturers and foundries. The loss of, or reduction in purchases by, one or more major customers, delays in fab construction, or changes in capital expenditure plans could materially adversely affect revenues, margins, and operating results and negatively impact the value of the Underlying Security.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi Advantest 2x Daily ETF

Investment Objective

The

Corgi Advantest 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Advantest Corporation (TYO: 6857) ("Advantest" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The F

nd, the Trust, and the Adviser are not affiliated with Advantest Corporation, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Advantest Corporation ("Advantest"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Advantest Corporation. As of the date of this Prospectus, Advantest Corporation is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Advantest Corporation (TYO: 6857) ("Advantest")

is a Japan-based semiconductor equipment manufacturer that develops, produces, and markets automatic test equipment and related solutions used in semiconductor testing and measurement processes. Its products are used by semiconductor manufacturers and device designers worldwide in applications including logic, memory, system-on-chip, and advanced semiconductor devices. Advantest operates globally and is headquartered in Tokyo, Japan.

Information regarding Advantest may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.advantest.com), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of the Advantest Corporation.

Information about the Advantest Corporation

included in this Prospectus is based on the date of this Prospectus.

Advantest Corporation is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Japan Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk

Semiconductor Test Equipment Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from sales of semiconductor test equipment. Demand for such equipment is highly cyclical and depends largely on capital expenditures and production volumes of semiconductor manufacturers. These expenditures are influenced by semiconductor supply-demand conditions, device pricing trends, technology transitions, and global economic conditions. During industry downturns or periods of reduced capital spending, semiconductor manufacturers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and may cause the value of the Underlying Security to decline. Because the Fund seeks daily leveraged investment results, adverse developments affecting semiconductor test equipment demand may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Risk.

Through its exposure to the Underlying Security, the Fund is subject to risks affecting the global semiconductor industry. The semiconductor industry is highly cyclical and subject to rapid technological change, pricing volatility, supply chain constraints, geopolitical trade dynamics, and fluctuations in end-market demand across sectors such as artificial intelligence, cloud computing, consumer electronics, and automotive. Periods of industry oversupply, inventory corrections, pricing pressure, or reduced semiconductor demand may materially adversely affect semiconductor manufacturers and reduce demand for semiconductor test equipment, which could negatively affect the issuer's financial performance and the value of the Underlying Security. Because the Fund seeks leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Technology Adoption and Device Complexity Risk.

The issuer's growth depends in part on semiconductor manufacturers' adoption of increasingly complex chip architectures, advanced process nodes, and next-generation device designs, which require sophisticated testing solutions. If transitions to new semiconductor technologies are delayed, scaled back, or replaced by alternative approaches, or if demand for advanced devices weakens, demand for the issuer's testing systems could decline. In addition, difficulties in developing or commercializing new testing platforms capable of supporting emerging chip designs could impair the issuer's competitiveness, reduce revenues, or cause loss of market share, which could negatively affect the value of the Underlying Security. Because the Fund provides leveraged exposure, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

AI and High-Performance Computing Demand Risk.

Demand for the issuer's semiconductor test systems is significantly influenced by end markets such as artificial intelligence, high-performance computing, data centers, and advanced logic devices. If growth in these markets slows, becomes more volatile, or shifts to alternative technologies or architectures, demand for the issuer's products may decline. These markets may also experience rapid demand swings, capital spending cycles, and technology transitions that cause semiconductor manufacturers to delay or reduce equipment purchases. Such developments could materially adversely affect the issuer's revenues, margins, and operating results and negatively affect the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

Capital Intensity Risk.

The issuer operates in a technology-intensive industry requiring substantial ongoing investment in research and development, precision engineering, test platform design, manufacturing capabilities, and software development. Significant expenditures are necessary to develop next-generation testing systems and maintain technological competitiveness. If anticipated returns on such investments are not achieved, or if semiconductor demand declines, the issuer's financial flexibility, operating results, and financial condition could be materially adversely affected, which could negatively impact the value of the Underlying Security.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of semiconductor manufacturers. The loss of, or reduction in orders from, one or more key customers, delays in production ramps, or shifts in testing strategies could materially adversely affect revenues, margins, and operating results and negatively affect the value of the Underlying Security.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi ASM 2x Daily ETF

Investment Objective

The

Corgi ASM 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of ASM International N.V. (Euronext Amsterdam: ASM) ("ASM" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the T

ust, and the Adviser are not affiliated with ASM International N.V., the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

Rule

12b-1 plan adopted pursuant to the Investment Company Act of 1940, as amended (the "1940 Act"); litigation expenses; and other non-routine or extraordinary expenses.

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of ASM International N.V. ("ASM"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to ASM International N.V. As of the date of this Prospectus, ASM International N.V. is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

ASM International N.V. (Euronext Amsterdam: ASM) ("ASM")

is a Netherlands-based semiconductor equipment manufacturer that develops, produces, markets, and services advanced wafer processing equipment used in semiconductor fabrication. The company's products are used by semiconductor manufacturers worldwide in applications including logic, memory, foundry, and advanced semiconductor device production. ASM operates globally and is headquartered in Almere, the Netherlands.

Information regarding ASM may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.asm.com), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of

ASM International N.V. Information about ASM International N.V. included in this Prospectus is based on the date of this Prospectus.

ASM International N.V. is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Netherlands Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk

Semiconductor Equipment Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from sales of semiconductor wafer fabrication equipment, particularly deposition systems used in advanced logic and memory manufacturing. Demand for such equipment is highly cyclical and depends largely on capital expenditures by semiconductor manufacturers, which are influenced by semiconductor supply-demand conditions, device pricing trends, technology node transitions, and global economic conditions. During industry downturns or periods of reduced capital spending, semiconductor manufacturers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and may cause the value of the Underlying Security to decline. Because the Fund seeks daily leveraged investment results, adverse developments affecting semiconductor equipment demand may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Risk.

Through its exposure to the Underlying Security, the Fund is subject to risks affecting the global semiconductor industry. The semiconductor industry is highly cyclical and subject to rapid technological change, pricing volatility, geopolitical trade dynamics, supply chain constraints, and fluctuations in end-market demand across sectors such as consumer electronics, automotive, cloud computing, and artificial intelligence. Periods of industry oversupply, inventory corrections, pricing pressure, or reduced demand for semiconductors may materially adversely affect the financial performance of semiconductor manufacturers, which could reduce capital expenditures on fabrication equipment and negatively affect demand for the issuer's products and the value of the Underlying Security. Because the Fund seeks leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Advanced Process Node Adoption Risk.

The issuer's growth depends in part on semiconductor manufacturers' adoption of advanced process technologies, including next-generation logic and memory nodes that require increasingly sophisticated deposition solutions such as atomic layer deposition and epitaxy. If semiconductor manufacturers delay node migrations, scale back capital expenditures, adopt alternative manufacturing approaches, or select competing equipment suppliers, demand for the issuer's products could decline, which could adversely affect revenues, margins, and market share and negatively impact the value of the Underlying Security. Because the Fund provides leveraged exposure, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Capital Intensity Risk.

The issuer operates in a highly capital-intensive industry requiring substantial ongoing investment in advanced semiconductor equipment development, engineering infrastructure, precision manufacturing capabilities, and research and development. Significant expenditures may be necessary to support innovation, maintain technological leadership, and meet customer process requirements. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in semiconductor capital spending cycles or industry demand.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of semiconductor manufacturers and foundries. The loss of, or reduction in orders from, one or more key customers, delays in fabrication facility investments, or changes in customer capital expenditure plans could materially adversely affect revenues, margins, and operating results, which could negatively affect the value of the Underlying Security.

Technology Transition and Process Innovation Risk.

The issuer's competitiveness depends on its ability to successfully develop, manufacture, and commercialize advanced semiconductor fabrication technologies. Transitions to new process architectures, materials, and manufacturing techniques are complex, capital-intensive, and subject to significant execution risk, including engineering challenges, equipment performance limitations, supply constraints, design defects, or delays in product development. Difficulties or delays in successfully introducing new equipment platforms could reduce order volumes, increase costs, impair margins, or cause the issuer to lose market share to competitors. These developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

The issuer's business is sensitive to international trade policies, export controls, and geopolitical developments affecting semiconductor supply chains. Restrictions on sales of semiconductor manufacturing equipment to certain countries, customers, or end uses, or changes in licensing requirements, sanctions regimes, or trade regulations, could limit the issuer's ability to sell products, reduce revenues, or disrupt operations. Such developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi MediaTek 2x Daily ETF

Investment Objective

The

Corgi MediaTek 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of

MediaTek Inc.

(TWSE: 2454) ("MediaTek" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the A

iser are not affiliated with

MediaTek Inc.

, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

interest

on borrowings for investment purposes; dividends and other expenses on securities sold short; taxes; brokerage commissions and other costs of purchasing and selling portfolio securities and other investment instruments; acquired fund fees and expenses; accrued deferred tax liability; any distribution fees and expenses paid under a Rule 12b-1 plan adopted pursuant to the Investment Company Act of 1940, as amended (the "1940 Act"); litigation expenses; and other non-routine or extraordinary expenses.

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

MediaTek Inc.

("MediaTek"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to MediaTek Inc. As of the date of this Prospectus, MediaTek Inc. is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

MediaTek Inc. (TWSE: 2454) ("MediaTek")

is a Taiwan-based fabless semiconductor company that develops, designs, and markets system-on-chip solutions and other semiconductor products used in mobile devices, home entertainment, connectivity, networking, and Internet-of-Things applications. The company's products are used by consumer electronics and technology manufacturers worldwide across applications including smartphones, tablets, smart TVs, broadband devices, automotive systems, and artificial intelligence-enabled devices. MediaTek operates globally and is headquartered in Hsinchu, Taiwan.

Information regarding MediaTek may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.mediatek.com), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

The Underlying Security is listed and traded on the Taiwan Stock Exchange ("TWSE") and is not listed on a U.S. national securities exchange. Securities traded on foreign exchanges may be subject to different reporting standards, regulatory oversight, settlement practices, and investor protections than securities traded in the United States.

The Taiwan Stock Exchange operates during trading hours that differ from U.S. market hours. As a result, the market price of the Underlying Security may change at times when U.S. markets are closed and the Fund's shares are not trading. This may increase the risk that the Fund's shares trade at a premium or discount to the Fund's net asset value.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of MediaTek Inc. Information about MediaTek Inc. included in this Prospectus is based on the date of this Prospectus.

MediaTek Inc. is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Taiwan Market Risk.

The Underlying Security is listed on the Taiwan Stock Exchange. Securities markets in Taiwan may be more volatile and less liquid than U.S. markets and may be affected by changes in government policy, trade conditions, currency fluctuations, regional economic developments, and global market conditions. Taiwan's economy is highly dependent on international trade, technology exports, and cross-border supply chains, which may make it particularly sensitive to changes in global demand, semiconductor industry cycles, geopolitical developments, supply chain disruptions, commodity price fluctuations, interest rate movements, and economic conditions in major trading partners, including the United States and China. Market structure, trading hours, settlement practices, and regulatory oversight in Taiwan differ from those in the United States and may affect the Fund's ability to obtain exposure, maintain exposure, or rebalance exposure efficiently or at expected prices. In addition, Taiwanese authorities may intervene in financial markets through regulatory actions, currency controls, trading restrictions, capital controls, market stabilization measures, or market closures, which could adversely affect liquidity, valuation, or the value of the Underlying Security.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Fabless Semiconductor Model Risk.

The issuer operates as a fabless semiconductor company and relies on third-party foundries, primarily advanced-node manufacturers, to fabricate its chips. Its ability to meet customer demand depends on the capacity, performance, pricing, and yield of these external manufacturing partners. Constraints in foundry capacity, production disruptions, allocation changes, or pricing increases could limit supply of the issuer's products, increase costs, delay deliveries, or reduce margins, which could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Smartphone and Consumer Electronics Demand Exposure Risk.

A substantial portion of the issuer's revenue is derived from chipsets used in smartphones and consumer electronic devices. Demand in these end markets is cyclical and influenced by consumer spending trends, device replacement cycles, macroeconomic conditions, and competitive product launches. Weakness in global smartphone demand, inventory corrections among device manufacturers, or shifts toward alternative chipset suppliers could materially reduce sales volumes and margins and negatively affect the value of the Underlying Security. Because the Fund provides leveraged exposure, such developments may result in proportionally larger declines in the Fund's net asset value.

Advanced Node Dependency Risk.

Many of the issuer's high-performance products rely on leading-edge semiconductor manufacturing nodes. Advanced nodes involve complex engineering, higher wafer costs, yield challenges, and limited supplier availability. Difficulties or delays in migrating products to smaller process nodes, or increases in advanced node fabrication costs, could reduce margins, delay product launches, or limit competitiveness, which could materially adversely affect revenues and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Capital Intensity Risk.

The issuer operates in a technology-intensive industry requiring substantial ongoing investment in semiconductor design, software development, intellectual property, and research and development. Significant expenditures are necessary to develop next-generation system-on-chip platforms, maintain competitive performance, and support evolving industry standards. These investment requirements may reduce financial flexibility and increase sensitivity to downturns in semiconductor demand, pricing cycles, or end-market conditions.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of device manufacturers and original equipment manufacturers. The loss of, or reduction in purchases by, one or more key customers, changes in product design cycles, or shifts to competing chipset suppliers could materially adversely affect revenues, margins, and operating results, which could negatively affect the value of the Underlying Security.

Technology Transition and Process Cycle Risk.

The issuer's competitiveness depends on its ability to design and commercialize advanced system-on-chip solutions supporting next-generation wireless standards, AI processing, graphics performance, and power efficiency. Product cycles in semiconductor design are rapid and require substantial research and development investment. Delays in launching new chip platforms, engineering defects, software integration issues, or failure to meet performance or efficiency targets could reduce demand for the issuer's products, impair margins, or cause loss of market share to competitors. These developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

The issuer's business is sensitive to international trade policies, export controls, sanctions regimes, and geopolitical developments affecting the semiconductor industry. Restrictions on the export, sale, or licensing of semiconductors, semiconductor technologies, or products incorporating such technologies to certain countries, customers, or end uses, or changes in applicable trade regulations or licensing requirements, could limit the issuer's ability to sell products, restrict access to key markets, disrupt supply chains, or increase compliance costs. Such developments could materially adversely affect the issuer's revenues, operating results, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi Delta Electronics 2x Daily ETF

Investment Objective

The

Corgi Delta Electronics 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded com

n stock of Delta Electronics,

Inc.

(TWSE: 2308) ("Delta Electronics" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with

Delta Electronics, Inc.

, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

Delta Electronics, Inc

("Delta Electronics"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Delta Electronics, Inc. As of the date of this Prospectus, Delta Electronics, Inc. is assigned to the power electronics and industrial automation industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Delta Electronics, Inc. (TWSE: 2308) ("Delta Electronics")

is a Taiwan-based provider of power and thermal management solutions that develops, manufactures, and markets products used in industrial automation, data centers, telecommunications, electric vehicles, renewable energy systems, and consumer electronics applications. The company's offerings include power supplies, power management components, cooling systems, industrial automation equipment, and energy infrastructure solutions used by technology, industrial, and electronics manufacturers worldwide. Delta Electronics operates globally and is headquartered in Taipei, Taiwan.

Information regarding Delta Electronics may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.deltaww.com), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of Delta Electronics, Inc. Information about Delta Electronics, Inc. included in this Prospectus is based on the date of this Prospectus.

Delta Electronics, Inc. is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Taiwan Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Power Electronics Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from power electronics, energy infrastructure, and electronic component solutions used across industrial, data center, automotive, and consumer applications. Demand for such products is cyclical and depends on capital expenditures, infrastructure investment, electrification trends, and global economic conditions. During industry downturns or periods of reduced capital spending, customers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and may cause the value of the Underlying Security to decline. Because the Fund seeks daily leveraged investment results, adverse developments affecting demand for power and energy infrastructure equipment may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Industrial and Infrastructure Exposure Risk.

The issuer supplies products used in industrial automation, renewable energy, electric vehicle systems, telecommunications infrastructure, and data centers. Demand in these end markets is influenced by macroeconomic conditions, government policy, interest rates, and capital investment cycles. Weakness in global industrial production, reduced infrastructure spending, or delays in large-scale projects could reduce demand for the issuer's products and adversely affect revenues, margins, and operating results, which could negatively impact the value of the Underlying Security. Because the Fund provides leveraged exposure, such developments may result in proportionally larger declines in the Fund's net asset value.

Energy Transition and Policy Risk.

Demand for many of the issuer's products is influenced by global energy transition initiatives, electrification trends, environmental regulations, and government incentives supporting renewable energy, electric vehicles, and energy-efficient infrastructure. Changes in policy, subsidy reductions, regulatory shifts, or slower-than-expected adoption of electrification technologies could reduce demand for the issuer's products and adversely affect its financial performance and the value of the Underlying Security. Because the Fund seeks leveraged exposure, such developments may result in proportionally larger declines in the Fund's net asset value.

Capital Intensity Risk.

The issuer operates in a manufacturing-intensive industry requiring substantial ongoing investment in production facilities, automation systems, engineering capabilities, and research and development. Significant capital expenditures may be required to expand manufacturing capacity, develop new power and thermal management technologies, and maintain operational efficiency. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in global industrial demand or infrastructure spending cycles.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of large customers in the technology, industrial, and automotive sectors. The loss of, or reduction in orders from, one or more key customers, changes in procurement strategies, or delays in customer product launches could materially adversely affect revenues, margins, and operating results, which could negatively affect the value of the Underlying Security.

Technology Transition and Process Cycle Risk.

The issuer's competitiveness depends on its ability to successfully develop, manufacture, and commercialize advanced power management, energy efficiency, and automation technologies. Rapid technological change, evolving customer requirements, and increasing performance expectations require continuous investment in research and development. Delays or difficulties in launching new products, engineering challenges, component shortages, or failure to meet performance or cost targets could reduce demand for the issuer's offerings, impair margins, or result in loss of market share to competitors. These developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

The issuer's business is sensitive to international trade policies, export controls, tariffs, and geopolitical developments affecting global technology and industrial supply chains. Restrictions on the export, sale, or licensing of electronic components, power systems, or related technologies to certain countries, customers, or end uses, or changes in applicable trade regulations or sanctions regimes, could limit the issuer's ability to sell products, restrict access to key markets, disrupt supply chains, or increase compliance costs. Such developments could materially adversely affect the issuer's revenues, operating results, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi Hyundai 2x Daily ETF

Investment Objective

The

Corgi Hyundai 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Hyundai Motor Company (KRX: 005380) ("Hyundai" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with Hyundai Motor Company, the Underlying Security, or any of their respective

affiliates

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Hyundai Motor Company ("Hyundai"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Hyundai Motor Company. As of the date of this Prospectus, Hyundai Motor Company is assigned to the automotive industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Hyundai Motor Company (KRX: 005380)

("Hyundai")

is a South Korea-based automotive manufacturer that designs, manufactures, and sells passenger vehicles, commercial vehicles, and mobility solutions. The company's products include internal combustion engine vehicles, hybrid and electric vehicles, hydrogen fuel cell vehicles, and related automotive technologies used by consumers and commercial customers worldwide. Hyundai operates globally and is headquartered in Seoul, South Korea.

Information regarding Hyundai may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.hyundai.com), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

The Korea Exchange operates during trading hours that differ from U.S. market hours. As a result, the market price of the Underlying Security may change at times when U.S. markets are closed and the Fund's shares are not trading. This may increase the risk that the Fund's shares trade at a premium or discount to the Fund's net asset value.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of Hyundai Motor Company. Information about Hyundai Motor Company included in this Prospectus is based on the date of this Prospectus.

Hyundai Motor Company is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

South Korea Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Automotive Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from the global sale of passenger vehicles, commercial vehicles, and related mobility solutions. Demand for automobiles is highly cyclical and depends on macroeconomic conditions, consumer confidence, interest rates, fuel prices, employment levels, and credit availability. During economic downturns or periods of reduced consumer spending, vehicle purchases may decline or be deferred, which could materially adversely affect the issuer's revenues, margins, and operating results and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Electric Vehicle Transition Risk.

The issuer's long-term growth strategy depends in part on the global transition toward electric vehicles ("EVs") and electrified mobility. This transition requires significant investment in battery technology, platform development, supply chains, and manufacturing capacity. If adoption of EVs occurs more slowly than anticipated, if charging infrastructure deployment lags, or if competing manufacturers introduce superior or lower-cost technologies, demand for the issuer's electrified vehicle offerings could decline, which could adversely affect revenues, margins, and market share.

Commodity and Input Cost Volatility Risk.

The issuer's manufacturing costs are influenced by prices of raw materials such as steel, aluminum, lithium, nickel, copper, and plastics. Volatility in commodity prices or supply constraints may increase production costs and reduce margins if the issuer is unable to pass such costs on to customers through pricing adjustments.

Capital Intensity Risk.

The issuer operates in a highly capital-intensive industry requiring substantial ongoing investment in manufacturing facilities, vehicle platforms, tooling, electrification initiatives, research and development, and supply chain infrastructure. Significant capital expenditures are required to develop new vehicle models, expand production capacity, transition to electric vehicle technologies, and comply with evolving regulatory and environmental standards. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in global automotive demand, pricing pressure, or shifts in consumer preferences, which could materially adversely affect the issuer's financial condition and the value of the Underlying Security.

Customer Financing and Credit Risk.

Demand for vehicles often depends on the availability of consumer financing. Tightening credit conditions, rising interest rates, or deterioration in consumer credit quality could reduce vehicle sales volumes. In addition, the issuer's financing operations may be exposed to credit losses if borrowers default.

Technology and Innovation Risk.

The issuer's competitiveness depends on its ability to design, develop, manufacture, and commercialize technologically advanced vehicles, including autonomous driving features, software platforms, connectivity solutions, and electrified powertrains. Delays in product development, software failures, safety issues, cybersecurity vulnerabilities, or failure to meet performance or regulatory standards could reduce demand for the issuer's products and harm its reputation and financial performance.

Export Control, Trade Policy, and Tariff Risk.

The issuer's business is sensitive to international trade policies, tariffs, export controls, sanctions regimes, and geopolitical developments affecting the global automotive and manufacturing supply chains. Changes in trade agreements, tariffs on vehicles or automotive components, localization requirements, or restrictions on exports to certain countries or customers could limit the issuer's ability to sell vehicles, increase production costs, disrupt supply chains, or restrict access to key markets. Such developments could materially adversely affect the issuer's revenues, operating results, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi DISCO 2x Daily ETF

Investment Objective

The

Corgi DISCO 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-tr

ade

d common stock of DISCO Corporation (TYO: 6146) ("DISCO" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with

DISCO Corporation

, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of DISCO Corporation ("DISCO"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to DISCO Corporation. As of the date of this Prospectus, DISCO Corporation is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

DISCO Corporation (TYO: 6146)

("DISCO")

is a Japan-based semiconductor equipment manufacturer that develops, produces, and markets precision cutting, grinding, polishing, and dicing equipment used in semiconductor wafer and device fabrication processes. The company's products are used by semiconductor manufacturers and electronic component producers worldwide in applications including logic, memory, power devices, and advanced semiconductor packaging. DISCO operates globally and is headquartered in Tokyo, Japan.

Information regarding DISCO may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (https://www.disco.co.jp), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of DISCO Corporation. Information about DISCO Corporation included in this Prospectus is based on the date of this Prospectus.

DISCO Corporation is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Japan Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Semiconductor Equipment Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from sales of semiconductor manufacturing equipment, precision processing systems, and related consumables used in wafer dicing, grinding, and polishing. Demand for such products is highly cyclical and depends largely on capital expenditures by semiconductor manufacturers. These expenditures are influenced by semiconductor supply-demand conditions, device pricing trends, inventory levels, technology node transitions, and global economic conditions. During industry downturns or periods of reduced capital spending, semiconductor manufacturers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Concentration Risk.

A significant portion of the issuer's business is dependent on the global semiconductor industry. The semiconductor industry is highly cyclical and subject to rapid technological change, pricing volatility, geopolitical trade dynamics, supply chain constraints, and fluctuations in end-market demand across sectors such as consumer electronics, automotive, artificial intelligence, and data centers. Periods of industry oversupply, inventory corrections, pricing pressure, or reduced semiconductor demand may materially adversely affect the financial performance of semiconductor manufacturers, which could reduce capital expenditures on fabrication and back-end processing equipment and negatively affect demand for the issuer's products and the value of the Underlying Security. Because the Fund seeks leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Advanced Node and Device Miniaturization Risk.

The issuer's growth depends in part on semiconductor manufacturers' adoption of increasingly advanced device architectures, thinner wafers, heterogeneous integration, and next-generation packaging technologies that require highly precise processing equipment. Transitions to smaller nodes and advanced packaging methods are complex, capital-intensive, and subject to execution risk, including engineering challenges, yield issues, performance limitations, or delays in technology adoption. If semiconductor manufacturers delay node transitions, reduce capital expenditures, adopt alternative process technologies, or select competing equipment suppliers, demand for the issuer's products could decline, which could adversely affect revenues, margins, and market share and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Consumables and Recurring Revenue Dependence Risk.

A portion of the issuer's revenue is derived from sales of precision blades, grinding wheels, polishing films, and other consumable materials used in semiconductor processing. Demand for these consumables depends on semiconductor production volumes and equipment utilization rates. Reductions in wafer production, fab utilization, or device output may decrease demand for consumables, which could materially adversely affect recurring revenue streams and operating results and negatively impact the value of the Underlying Security.

Capital Intensity and Manufacturing Investment Risk.

The issuer operates in a highly capital-intensive industry requiring ongoing investment in manufacturing facilities, precision tooling, materials engineering, and process technologies. Significant capital expenditures may be required to expand production capacity, maintain technological leadership, or meet customer demand. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in semiconductor demand or pricing cycles, which could materially adversely affect the issuer's financial condition and the value of the Underlying Security.

Technology Execution and Product Development Risk.

The issuer's competitiveness depends on its ability to successfully develop, manufacture, and commercialize next-generation precision processing equipment and materials. Rapid technological change, evolving customer requirements, and increasing performance demands require continuous investment in research and development. Delays or difficulties in developing new products, engineering defects, performance limitations, supply constraints, or failure to meet technical specifications could reduce demand for the issuer's offerings, impair margins, or result in loss of market share to competitors. Such developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

The issuer's business is sensitive to international trade policies, export controls, sanctions regimes, and geopolitical developments affecting semiconductor supply chains. Restrictions on the export, sale, or licensing of semiconductor equipment or related technologies to certain countries, customers, or end uses, or changes in licensing requirements or trade regulations, could limit the issuer's ability to sell products, restrict access to key markets, disrupt supply chains, or increase compliance costs. Such developments could materially adversely affect the issuer's revenues, operating results, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

FUND SUMMARY - Corgi Lasertec 2x Daily ETF

Investment Objective

The

Corgi Lasertec 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common st

k of Lasertec Corporation (TYO: 6920) ("Lasertec" or the "Underlying Security").

The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with

Lasertec Corporation

, the Underlying Security, or any of their respective affiliates.

Important information about the Fund.

-the magnitude of day-to-day Underlying Security moves,

-the volatility and path of Underlying Security returns, and

-how long shares are held.

Fees and Expenses of the Fund

Annual Fund Operating Expenses

(1)

(expenses that you pay each year as a percentage of the value of your investment)

Management Fee	0.50%
Distribution and/or Service (12b-1) Fees	0.00%
Other Expenses (2)	0.00%
Total Annual Fund Operating Expenses	0.50%

(1)

(2)

Based on estimated amounts for the current fiscal year.

Expense Example


1 Year	3 Years
$51	$160

Portfolio Turnover

Principal Investment Strategies

The Fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Lasertec Corporation ("Lasertec"). The Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the Underlying Security for the same period.

Due to the Fund's investment strategy, the Fund's investment exposure is concentrated in the same industry as that assigned to Lasertec Corporation. As of the date of this Prospectus, Lasertec Corporation is assigned to the semiconductor industry. The Fund will provide shareholders with at least 60 days' prior notice of any change to the Fund's 80% investment policy. The Fund is classified as non-diversified under the Investment Company Act of 1940.

Lasertec Corporation (TYO: 6920)

("Lasertec")

is a Japan-based semiconductor equipment manufacturer that develops, produces, and markets advanced inspection, metrology, and measurement systems used in semiconductor wafer fabrication and photomask manufacturing processes. The company's products are used by semiconductor manufacturers, mask shops, and electronic component producers worldwide in applications including advanced logic, memory, EUV lithography mask inspection, and next-generation semiconductor device production. Lasertec operates globally and is headquartered in Yokohama, Japan.

Information regarding Lasertec may be obtained from publicly available sources, including, but not limited to, the company's investor relations website (

https://www.lasertec.co.jp

), regulatory filings, press releases, investor presentations, and other publicly disseminated documents.

This Prospectus relates only to shares of the Fund offered hereby and does not relate to shares of Lasertec Corporation. Information about Lasertec Corporation included in this Prospectus is based on the date of this Prospectus.

Lasertec Corporation is not affiliated with the Fund, the Trust, or the Adviser and is not involved in this offering.

Principal Risks of Investing in the Fund

The principal risks are presented below in order of importance as determined by the Adviser, with the

most

significant risks appearing first. Each risk described below is considered a "principal risk" of investing in the Fund, regardless of its order. As with any investment, you could lose all or part of your investment. Any of these risks could adversely affect the Fund's net asset value ("NAV"), market price, yield, total return, and/or its ability to achieve its objective.

Leverage Risk.

Compounding and Daily Rebalancing Risk.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk.

Derivatives Risk.

Counterparty Risk.

Financing, Margin, and Interest Rate Risk.

Foreign Securities Risk.

Foreign Issuer Governance and Shareholder Rights Risk.

Japan Market Risk.

Indirect Investment Risk.

Single-Stock Risk.

Underlying Security Liquidity Risk.

Trading Halt Risk.

Gap Risk.

Global Equity Market Risk.

Currency Risk.

Semiconductor Inspection Equipment Demand Cycle Risk.

The issuer derives a substantial portion of its revenue from the sale of semiconductor inspection,

metrology

, and analysis equipment used in advanced wafer fabrication and packaging processes. Demand for such equipment is highly cyclical and depends largely on capital expenditures by semiconductor manufacturers. These expenditures are influenced by semiconductor supply-demand conditions, device pricing trends, technology node transitions, and global economic conditions. During industry downturns or periods of reduced capital spending, semiconductor manufacturers may delay, reduce, or cancel equipment purchases, which could materially adversely affect the issuer's revenues, profitability, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, such adverse developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Advanced Lithography and EUV Ecosystem Dependence Risk.

A significant portion of the issuer's growth is tied to demand for advanced semiconductor manufacturing technologies, including extreme ultraviolet ("EUV") lithography and next-generation device architectures. Adoption rates of such technologies depend on semiconductor manufacturers' technology roadmaps, capital budgets, and yield performance. Delays in advanced node adoption, reduced investment in leading-edge fabrication, or shifts toward alternative manufacturing approaches could reduce demand for the issuer's inspection systems and adversely affect revenues, margins, and market share. Such developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Semiconductor Industry Concentration Risk.

The issuer's business is highly dependent on the global semiconductor industry and a limited number of large semiconductor manufacturers. The semiconductor industry is cyclical and subject to rapid technological change, pricing volatility, geopolitical trade dynamics, supply chain constraints, and fluctuations in end-market demand. Periods of semiconductor oversupply, inventory corrections, pricing pressure, or reduced demand for semiconductors may materially adversely affect the financial performance of semiconductor manufacturers, which could reduce capital expenditures on inspection equipment and negatively affect demand for the issuer's products and the value of the Underlying Security. Because the Fund provides leveraged exposure, such adverse developments may result in proportionally larger declines in the Fund's net asset value.

Capital Intensity and Manufacturing Investment Risk.

The issuer operates in a highly capital-intensive industry requiring ongoing investment in manufacturing facilities, precision engineering capabilities, advanced materials, and process technologies. Significant capital expenditures may be required to expand production capacity, maintain technological leadership, or meet customer demand. Large capital requirements may reduce financial flexibility and increase sensitivity to downturns in semiconductor demand or pricing cycles, which could materially adversely affect the issuer's financial condition and the value of the Underlying Security.

Technology Execution and Product Development Risk.

The issuer's competitiveness depends on its ability to successfully develop, manufacture, and commercialize next-generation inspection and metrology systems capable of meeting increasingly stringent semiconductor manufacturing requirements. Rapid technological change, evolving customer specifications, and increasing performance demands require continuous investment in research and development. Delays or difficulties in developing new products, engineering defects, performance limitations, component shortages, or failure to meet technical specifications could reduce demand for the issuer's offerings, impair margins, or result in loss of market share to competitors. Such developments could materially adversely affect the issuer's financial condition and the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Export Control and Trade Restriction Risk.

The issuer's business is sensitive to international trade policies, export controls, sanctions regimes, and geopolitical developments affecting semiconductor supply chains. Restrictions on the export, sale, or licensing of semiconductor equipment or related technologies to certain countries, customers, or end uses, or changes in applicable trade regulations or licensing requirements, could limit the issuer's ability to sell products, restrict access to key markets, disrupt supply chains, or increase compliance costs. Such developments could materially adversely affect the issuer's revenues, operating results, and financial condition and negatively impact the value of the Underlying Security. Because the Fund seeks daily leveraged investment results, these developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Customer Concentration Risk.

The issuer derives a substantial portion of its revenue from a limited number of large semiconductor manufacturers. The loss of, or reduction in purchases by, one or more key customers, delays in customer fabrication projects, or changes in customer procurement strategies could materially adversely affect revenues, margins, and operating results, which could negatively affect the value of the Underlying Security.

Information & Corporate Action Risk.

Trading Hours Risk.

Non-Diversified Fund Risk.

ETF Trading, Premium/Discount and Authorized Participant Concentration Risk.

Cash Transactions, Tax Efficiency, Brokerage Commissions and Bid-Ask Spread Risk.

New Fund Risk.

The Fund is newly organized and has limited or no operating history. It may take time to attract assets and build secondary-market liquidity.

New Adviser Risk.

Absence of Active Market Risk.

Performance

Past performance (before and after taxes) is not a guarantee of future results.

Once available, updated performance information will be posted on the Fund's website at www.corgifunds.com

Management

Investment Adviser: Corgi Strategies, LLC serves as investment adviser to the Fund.

Purchase and Sale of Shares

The Fund issues and redeems shares only in large blocks called "Creation Units" at NAV next determined after an order is accepted. Only authorized participants ("APs") may transact in Creation Units directly with the Fund. Creation Units are generally issued and redeemed in exchange for a basket of securities and/or cash; the Fund may, in its discretion, permit or require all-cash creations or redemptions.

Individual Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may be bought or sold in the secondary market at market prices rather than at NAV. Market prices may be above (premium to) or below (discount to) NAV. Investors trading on an exchange will pay brokerage commissions and may be affected by the bid-ask spread.

As available, information required by Rule 6c-11 (including the Fund's NAV, market price, historical premiums/discounts, and median bid-ask spread) will be posted on the Fund's website at www.corgifunds.com

Tax Information

Financial Intermediary Compensation

ADDITIONAL INFORMATION ABOUT THE FUNDS' INVESTMENTS

Corgi SK hynix 2x Daily ETF

The

Corgi SK hynix 2x Daily ETF

The Fund does not seek to achieve 2x the performance of the Underlying Security for periods greater than a day. Over holding periods longer than a day, the effects of daily rebalancing and compounding can cause returns to differ, sometimes materially, from 2x the Underlying Security return for the same period. During volatile or reversing markets, you may lose money even if the Underlying Security is flat or rises over your holding period.

An investment objective is fundamental if it cannot be changed without the approval of a "majority of the outstanding voting securities" (as defined in the Investment Company Act of 1940). The Fund's investment objective is not fundamental and may be changed by the Board of Trustees (the "Board") of Corgi ETF Trust I (the "Trust") upon 60 days' prior written notice to shareholders.

Corgi Samsung 2x Daily ETF

The

Corgi Samsung 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Samsung Electronics Co., Ltd. (KRX: 005930) ("Samsung" or the "Underlying Security").

Corgi Kioxia 2x Daily ETF

The

Corgi Kioxia 2x Daily ETF

Corgi Besi 2x Daily ETF

The

Corgi Besi 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of BE Semiconductor Industries N.V. (Euronext Amsterdam: BESI) ("Besi" or the "Underlying Security").

Corgi TEL 2x Daily ETF

The

Corgi TEL 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Tokyo Electron Limited (TYO: 8035) ("TEL" or the "Underlying Security").

Corgi Advantest 2x Daily ETF

The

Corgi Advantest 2x Daily ETF

Corgi ASM 2x Daily ETF

The

Corgi ASM 2x Daily ETF

Corgi MediaTek 2x Daily ETF

The

Corgi MediaTek 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of

MediaTek Inc.

(TWSE: 2454) ("MediaTek" or the "Underlying Security").

Corgi Delta Electronics 2x Daily ETF

The

Corgi Delta Electronics 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Delta Electronics,

Inc.

(TWSE: 2308) ("Delta Electronics" or the "Underlying Security").

Corgi Hyundai 2x Daily ETF

The

Corgi Hyundai 2x Daily ETF

Corgi DISCO 2x Daily ETF

The

Corgi DISCO 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of DISCO Corporation (TYO: 6146) ("DISCO" or the "Underlying Security").

Corgi Lasertec 2x Daily ETF

The

Corgi Lasertec 2x Daily ETF

(the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Lasertec Corporation (TYO: 6920) ("Lasertec" or the "Underlying Security").

Fund

Corgi SK hynix 2x Daily ETF

Corgi Samsung 2x Daily ETF

Corgi Kioxia 2x Daily ETF

Corgi Besi 2x Daily ETF

Corgi TEL 2x Daily ETF

Corgi Advantest 2x Daily ETF

Corgi ASM 2x Daily ETF

Corgi MediaTek 2x Daily ETF

Corgi Delta Electronics 2x Daily ETF

Corgi Hyundai 2x Daily ETF

Corgi DISCO 2x Daily ETF

Corgi Lasertec 2x Daily ETF

(each a "Fund", Collectively the "Funds")

Principal Investment Strategies for the Funds

The Funds are actively managed exchange-traded funds that seek daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of each Fund's respective underlying security (each, an "Underlying Security"). Each Fund seeks to achieve its objective on a single trading day basis only; returns for periods longer than one trading day will be the result of each day's returns compounded over the period and should not be expected to equal two times (2x) the cumulative performance of the applicable Underlying Security for the same period. Each Fund does not seek to achieve its stated investment objective for any period other than a single day.

Under normal circumstances, each Fund will invest at least 80% of the value of its net assets (plus borrowings for investment purposes) in financial instruments that, in combination, provide leveraged exposure to its Underlying Security equal to approximately two times (2x) its daily performance. Each Fund expects to obtain this leveraged exposure primarily through the use of derivatives, such as swap agreements and futures contracts, and may use other instruments that the Adviser believes provide economic exposure similar to the applicable Underlying Security. Each Fund may also hold shares of its Underlying Security on a limited, incidental basis, and may hold cash and cash equivalents, U.S. government securities, money market instruments, repurchase agreements, and other short-term, investment grade debt securities for collateral, liquidity and portfolio management purposes, including to meet margin requirements and to manage collateral for derivatives. For purposes of each Fund's 80% policy, the Adviser considers an investment to be "tied to" or "provide exposure to" the applicable Underlying Security if the Adviser reasonably expects that, in combination, the Fund's positions will produce daily returns that are economically similar to approximately two times (2x) the daily performance of such Underlying Security, before fees and expenses. Each Fund's 80% investment policy is a non-fundamental policy and may be changed upon 60 days' prior written notice to shareholders.

Because each Fund expects to obtain exposure primarily through derivatives and only incidentally through direct holdings of its Underlying Security, none of the Funds is intended to operate as a "fund of funds." Each Fund expects to hold a significant portion of its assets in cash and short-term instruments to serve as collateral for its derivatives positions and to meet margin requirements. Each Fund is classified as a non-diversified investment company under the Investment Company Act of 1940, as amended. "Non-diversified" means that, relative to a diversified investment company, the Fund may invest a greater portion of its assets in the securities of a single issuer or a smaller number of issuers, which may make the Fund more susceptible to adverse developments affecting those issuers. Non-diversification is distinct from concentration: concentration relates to the Fund's exposure to a particular industry or group of industries, whereas non-diversification relates to the number of issuers in which the Fund may invest and the size of the Fund's positions in those issuers.

Each Fund is intended for investors who understand the risks associated with the use of leverage, derivatives and daily rebalancing and who plan to actively monitor and manage their investments; the Funds are not suitable for all investors and should be used only by those who fully understand the consequences of seeking daily leveraged investment results.

Daily Reset / Compounding / Monitoring Disclosure

Each Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of its respective Underlying Security. Each Fund does not seek to achieve two times (2x) the performance of its Underlying Security for any period other than a single day, measured from one NAV calculation to the next. Because each Fund resets its exposure each trading day, performance over periods longer than one day will reflect the effects of compounding and may differ, sometimes significantly, from two times (2x) the performance of the applicable Underlying Security over the same period.

An investment in any Fund is not appropriate for all investors. Each Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2x) investment results, including the impact of compounding on Fund performance. Investors should actively manage and monitor their investments, as frequently as daily.

Each Fund expects to use derivatives (such as swap agreements and futures) and other instruments to obtain leveraged exposure and may hold cash and/or cash equivalents for liquidity, collateral, and portfolio management purposes.

80% Policy and Daily 2x Exposure.

Under normal circumstances, each Fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in financial instruments that, in combination, provide leveraged exposure to its respective Underlying Security equal to approximately two times (2x) the Underlying Security's daily performance, as described under "Principal Investment Strategies" above. Each Fund has adopted this 80% investment policy in accordance with Rule 35d-1 under the Investment Company Act of 1940 (the "Names Rule"). For purposes of this policy, each Fund measures compliance using the notional value of its derivatives (adjusted as required) and other instruments that provide leveraged exposure to its Underlying Security. If a Fund departs from this policy due to market movements, rebalancing activity, or other factors, the Fund will make future investments in a manner consistent with the policy and will seek to restore compliance as soon as reasonably practicable and, in any event, within 90 days after the Fund identifies that it is out of compliance; provided that, in extraordinary or other-than-normal circumstances, the Fund may temporarily depart from this policy and will seek to restore compliance as soon as reasonably practicable and, in any event, within 90 days measured from the time of the initial departure. Each Fund will provide shareholders with at least 60 days' prior written notice of any change to its 80% investment policy.

Daily 2x Objective and Compounding.

Each Fund seeks to provide two times (2x) the daily performance of its Underlying Security, before fees and expenses. No Fund seeks to, and no Fund should be expected to, provide two times (2x) the cumulative performance of its Underlying Security for periods longer than a single day. Because each Fund rebalances its portfolio on a daily basis to maintain approximately two times (2x) exposure to its Underlying Security, the Fund's performance for periods longer than one trading day will be the result of its return for each day compounded over the period. The impact of compounding can cause a Fund's performance over periods longer than a single day to differ significantly from two times (2x) the cumulative performance of the Fund's Underlying Security for the same period, particularly when the Underlying Security experiences significant volatility or when its daily returns fluctuate between positive and negative.

Use of Derivatives and Leverage.

Each Fund obtains leveraged exposure primarily through derivatives, including total return swap agreements and futures contracts referencing its Underlying Security or other instruments that the Adviser believes provide economic exposure similar to the applicable Underlying Security. The notional amounts of these instruments are adjusted on a daily basis to maintain approximately two times (2x) the Fund's net assets in exposure to the Underlying Security. Each Fund may also use options or other derivative instruments for hedging, rebalancing, or efficient portfolio management purposes. The use of derivatives allows a Fund to gain leveraged exposure without investing directly in the Underlying Security and requires the Fund to hold a substantial portion of its assets in cash and short-term instruments to meet margin and collateral requirements.

Portfolio Construction and Investment Instruments.

Each Fund primarily invests in derivatives and related instruments that provide leveraged exposure to its Underlying Security and, to a lesser extent, holds cash and short-term instruments to support its derivatives positions. Each Fund may use centrally cleared and exchange-traded derivatives, as well as over-the-counter instruments, subject to applicable regulatory requirements and counterparty risk management. Each Fund may hold U.S. government securities, money market instruments, repurchase agreements, and other short-term investments as collateral for derivatives and to manage liquidity. Each Fund is non-diversified, meaning it may invest a relatively high percentage of its assets in a smaller number of counterparties, reference instruments, or positions than a diversified fund.

Concentration Policy.

Each Fund will concentrate its investments in the industry assigned to the issuer of its respective Underlying Security. The specific industry for each Fund is disclosed in the applicable fund summary.

Derivatives and Securities Lending.

Each Fund expects to, and under normal circumstances will, invest significantly in derivatives as part of its principal investment strategy. Derivatives will be used to obtain leveraged exposure to the applicable Underlying Security and the markets reflected in that Underlying Security, manage portfolio exposures, and facilitate daily rebalancing. The Funds do not expect to engage in securities lending as part of their principal investment strategy.

The Funds, the Trust, and the Adviser are not affiliated with the issuer of the Underlying Security or any of its respective affiliates. The issuer of the Underlying Security does not sponsor, endorse, sell, or promote any Fund and has no obligation or responsibility with respect to the issuance, administration, marketing, or trading of any Fund.

Notwithstanding any general statement in this section applicable to the Funds, the Corgi SK hynix 2x Daily ETF will obtain its investment exposure to the Underlying Security only through total return swaps and other equity-linked instruments that reference sponsored depositary receipts (including sponsored ADSs) representing the common stock of SK hynix Inc. The Fund will not invest directly in the common stock of SK hynix Inc. and will not reference unsponsored depositary receipts.

Understanding the Funds' Daily Objective and Compounding

What the Funds seek to do.

Each Fund seeks daily investment results, before fees and expenses, that correspond to 2x the daily performance of its respective Underlying Security. No Fund seeks to, and no Fund should be expected to, provide 2x the return of its Underlying Security for periods longer than a single trading day.

What this means for holding periods longer than one day.

Each Fund resets its exposure each trading day to target approximately two times the daily move of its Underlying Security. Over periods longer than one day, a Fund's return is the result of compounding its daily returns and will usually differ in amount, and may differ in direction, from 2x the return of the Fund's Underlying Security for the same multi-day period.

Why multi-day results differ from 2x.

Several factors contribute to this difference:

Compounding and daily rebalancing.

Gains or losses on one day change the base to which the next day's 2x move is applied. This mathematical effect causes outcomes over time that diverge from simply taking 2x of a multi-day Underlying Security return. Each Fund has a single-day investment objective, and each Fund's performance for any other period is the result of its return for each day compounded over the period. The performance of a Fund for periods longer than a single day will very likely differ in amount, and possibly even direction, from 2x the performance of its Underlying Security for the same period, before accounting for fees and expenses.

Underlying Security volatility.

Higher day-to-day variability in an Underlying Security generally increases the dispersion between a Fund's multi-day return and 2x the Underlying Security's multi-day return. The effect tends to be more pronounced as volatility rises.

Underlying Security trend.

When an Underlying Security trends steadily in one direction with low volatility, a Fund's multi-day return may be closer to, or may exceed, 2x the Underlying Security's multi-day return. In choppy or range-bound markets, a Fund's multi-day return will often be less than 2x.

Financing costs and expenses.

The cost of maintaining derivatives or other forms of leveraged exposure, together with Fund expenses, reduces returns relative to 2x the Underlying Security's performance.

Dividends and corporate actions.

Differences between how dividends and corporate events affect an Underlying Security versus a Fund's instruments and positions may also impact results.

Important holding period note.

The Funds are intended for investors who plan to monitor and manage their positions, potentially as frequently as daily. It is possible to lose the entire amount invested in a single day.

Illustration of daily compounding.

The table below shows a simple 5-day path. Each Fund achieves exactly 2x of each day's applicable Underlying Security move before fees and expenses. Even so, the 5-day total return of a Fund does not equal 2x the 5-day total return of its Underlying Security. This example is hypothetical and for illustration only. It assumes no dividends, no financing costs, and no Fund expenses. If those were included, a Fund's performance would be lower than shown.

Period	Underlying Security Level	Underlying Security Daily %	Fund Daily %	Fund NAV
Start	100.00	-	-	100.00
Day 1	102.00	2.0%	4.0%	104.00
Day 2	100.78	-1.2%	-2.4%	101.50
Day 3	104.30	3.5%	7.0%	108.61
Day 4	101.38	-2.8%	-5.6%	102.53
Day 5	103.00	1.6%	3.2%	105.81

Across five days, the applicable Underlying Security gained approximately 3.0%, while the Fund gained approximately 5.8%, which differs from 2 x 3.0% (about 6.0%).

Additional simulations.

The Funds may present other hypothetical paths to show how volatility and trend can affect results. Unless otherwise noted, any such illustrations assume: (a) no dividends; (b) no Fund expenses; and (c) zero percent borrowing or lending rates. If these factors were reflected, results would differ.

Key takeaways for investors.

Each Fund seeks 2x the daily performance of its Underlying Security for a single trading day, not for any other period.

Over time, daily compounding, Underlying Security volatility, financing costs, and expenses will cause a Fund's returns to deviate from 2x the Underlying Security's multi-day return.

If an Underlying Security is flat over a period, a Fund will likely lose value due to daily rebalancing effects, financing costs, and expenses.

Investors should actively monitor positions and consider whether frequent rebalancing is appropriate in light of their goals, risk tolerance, and tax considerations.

See the Statement of Additional Information (SAI) for further discussion of leveraged exposure, derivatives usage, and related risks. The SAI is incorporated by reference into this Prospectus.

Principal Risks of Investing in the Funds

The principal risks of investing in the Funds are listed below. Each risk summarized below is regarded as a "principal risk" of investing in at least one Fund, regardless of the order in which it appears. Investing involves risk, including the possible loss of principal. Any of the risks described can adversely affect a Fund's NAV, market price, income, or total return. Some or all of these risks may adversely affect a Fund's NAV per share price, yield, total return, and/or a Fund's ability to achieve its objective.

The risks below could negatively affect the value of your investment in the Funds. Because each Fund seeks to deliver 2x the daily performance of its respective Underlying Security before fees and expenses, the Funds are subject to additional risks associated with leverage, daily rebalancing, compounding, derivatives, and financing costs.

Leverage Risk (Applicable to all Funds).

By design, each Fund uses leverage to target 2x the daily performance of its Underlying Security. Leverage magnifies both gains and losses. As a result, small changes in an Underlying Security may produce larger changes in a Fund's NAV, and losses may be substantial. Leverage also increases the sensitivity of each Fund to financing costs, market volatility, and liquidity conditions. In adverse market conditions, a Fund may be required to reduce exposure rapidly or may be unable to maintain its targeted leverage.

Compounding and Daily Rebalancing Risk (Applicable to all Funds).

Each Fund has a single day investment objective, and each Fund's performance for any other period is the result of its return for each day compounded over the period. Each Fund resets its exposure each trading day to target approximately 2x the daily move of its Underlying Security. As a result, the performance of a Fund for periods longer than a single day will very likely differ in amount, and possibly even direction, from two times (2x) the return of the Fund's Underlying Security for the same period, before accounting for fees and expenses. In general, when Underlying Security volatility is higher, the impact of compounding and daily rebalancing will be more pronounced and a Fund's multi-day results will tend to be less than 2x the Underlying Security's return for the same period; when volatility is lower, multi-day results may be closer to or greater than 2x. If an Underlying Security is flat over time, the applicable Fund will likely lose value due to the effects of daily resetting, compounding, financing costs, and expenses. An investor could lose the full principal value of an investment in a Fund within a single day. Deviations can occur over periods as short as one day when measured intraday rather than NAV to NAV.

One Year Performance of the Underlying Security	200% of One Year Performance	Volatility of the Underlying Security (annualized)
		10%	25%	50%	75%	100%	125%	150%
-95%	-190%	-99.8%	-99.8%	-99.8%	-99.9%	-99.9%	-100.0%	-100.0%
-90%	-180%	-99.0%	-99.1%	-99.2%	-99.5%	-99.6%	-99.8%	-99.9%
-80%	-160%	-96.1%	-96.3%	-96.9%	-97.8%	-98.6%	-99.2%	-99.6%
-70%	-140%	-91.1%	-91.6%	-93.0%	-94.9%	-96.8%	-98.2%	-99.1%
-60%	-120%	-84.2%	-85.0%	-87.6%	-91.0%	-94.2%	-96.8%	-98.4%
-50%	-100%	-75.3%	-76.6%	-80.6%	-85.9%	-90.9%	-94.9%	-97.5%
-40%	-80%	-64.4%	-66.2%	-72.0%	-79.6%	-86.9%	-92.6%	-96.4%
-30%	-60%	-51.4%	-54.0%	-61.9%	-72.1%	-82.1%	-90.0%	-95.1%
-20%	-40%	-36.7%	-39.8%	-50.1%	-63.7%	-76.7%	-86.8%	-93.5%
-10%	-20%	-19.8%	-23.9%	-36.9%	-53.8%	-70.5%	-83.4%	-91.8%
0%	0%	-1.0%	-6.0%	-22.1%	-43.3%	-63.3%	-79.2%	-89.6%
10%	20%	19.8%	13.7%	-5.5%	-31.1%	-55.4%	-74.9%	-87.7%
20%	40%	42.6%	35.3%	12.1%	-18.1%	-47.3%	-70.5%	-85.3%
30%	60%	67.2%	58.8%	31.4%	-3.9%	-38.4%	-65.2%	-82.4%
40%	80%	93.9%	84.0%	52.7%	12.5%	-28.4%	-59.6%	-80.0%
50%	100%	122.6%	111.2%	75.5%	28.4%	-17.6%	-53.1%	-76.5%
60%	120%	153.4%	140.4%	99.7%	46.5%	-6.8%	-46.3%	-73.0%
70%	140%	185.9%	171.4%	125.3%	65.4%	6.5%	-38.9%	-69.3%
80%	160%	220.4%	204.2%	152.5%	85.2%	20.1%	-32.4%	-66.5%
90%	180%	256.7%	239.1%	181.3%	105.4%	32.8%	-25.0%	-61.9%
95%	190%	276.5%	257.2%	196.1%	116.7%	39.9%	-20.3%	-59.1%

Correlation Risk (Applicable to all Funds).

Each Fund seeks approximately 2x the daily performance of its Underlying Security, before fees and expenses, but may not achieve its 2x Daily Objective. Fees and expenses; transaction and financing costs; the use, pricing, and liquidity of derivatives; market volatility or disruptions (including trading halts); corporate actions or changes affecting an Underlying Security; and limits on, or timing differences in, rebalancing may cause a Fund's performance to deviate from 2x the Underlying Security's daily return.

Derivatives Risk (Applicable to all Funds).

Each Fund may use derivatives such as total return swaps, futures contracts, options, and similar instruments to pursue its 2x daily objective. Derivatives can be volatile and may involve risks different from, and sometimes greater than, investing directly in the securities comprising an Underlying Security. Such risks include leverage, imperfect correlation with the Underlying Security, pricing and liquidity constraints, valuation complexity, and the potential that the cost to maintain a position exceeds its return. Limited initial margin may magnify losses, potentially beyond the amounts initially invested in the instrument.

Counterparty Risk (Applicable to all Funds).

Each Fund expects to obtain exposure to its Underlying Security primarily through derivatives, including swaps and futures. Each Fund is exposed to the risk that a derivatives counterparty or a clearinghouse or futures commission merchant will be unwilling or unable to honor its obligations. A Fund could lose margin or collateral it has posted, experience delays in recovery, or recover less than the full amount owed. Concentration of clearing services among a small number of firms and clearinghouses may increase this risk. Contractual provisions or resolution regimes could delay, limit, or eliminate a Fund's ability to exercise remedies.

Indirect Investment Risk (Applicable to all Funds).

Each Unaffiliated Underlying Security is not affiliated with the Trust, the Adviser, or any affiliates thereof and is not involved with this offering in any way, and has no obligation to consider any Fund in taking any corporate actions that might affect the value of Shares. Investors in Shares will not have voting rights or rights to receive dividends or other distributions or any other rights with respect to shares of an Underlying Security. The Funds have no control over the Underlying Securities and rely solely on publicly available information about the Underlying Securities.

Foreign Securities and Currency Risk (Applicable to all Funds).

The Underlying Security is issued by a non-U.S. company and is traded on a foreign securities exchange. Foreign securities may be subject to risks not typically associated with U.S. securities, including different accounting, auditing, financial reporting, and disclosure standards; less stringent regulatory and investor protection requirements; potential market manipulation; limitations on legal remedies; and political, economic, or social instability. Foreign markets may have different clearance and settlement procedures, which may increase the risk of delayed settlements or operational disruptions. Because the Underlying Security may be denominated in foreign currencies, each Fund is indirectly exposed to currency risk. Changes in exchange rates may reduce returns or increase losses. Even if the Underlying Security appreciates in its local currency, a Fund's return may decline if the U.S. dollar strengthens relative to that currency. Currency exchange rates may fluctuate significantly over short periods and may be affected by interest rate changes, government intervention, capital controls, monetary policy, trade balances, and geopolitical developments. Foreign governments may impose restrictions on currency convertibility, repatriation of capital, or cross-border payments, which could adversely affect the value or liquidity of the Underlying Security or the Fund's ability to obtain or maintain exposure. Foreign markets and issuers may also be more susceptible to government actions such as trading suspensions, sanctions, nationalization, expropriation, or other regulatory interventions that could negatively affect the Underlying Security. Information available about foreign issuers may be less timely, less complete, or less reliable than information available about U.S. issuers. Because each Fund seeks leveraged exposure, adverse developments affecting foreign markets, currencies, or issuers may result in proportionally larger declines in the Fund's net asset value and market price. The Funds do not expect to systematically hedge foreign currency exposure.

Foreign Issuer Governance and Shareholder Rights Risk (Applicable to all Funds).

South Korea Market Risk (Applicable to Corgi SK hynix 2x Daily ETF, Corgi Samsung 2x Daily ETF, and Corgi Hyundai 2x Daily ETF).

The Underlying Security is listed on the Korea Exchange ("KRX"). The South Korean securities market may be significantly more volatile and less liquid than U.S. markets and may be affected by changes in government policy, geopolitical tensions on the Korean peninsula, trade disputes, currency fluctuations, regional economic conditions, and global market developments. South Korea's economy is highly dependent on exports and international trade, which may make it particularly sensitive to changes in global demand, supply chain disruptions, commodity price movements, and economic conditions in major trading partners. Market structure, trading hours, settlement practices, clearing systems, and regulatory oversight in South Korea differ from those in the United States and may affect the Fund's ability to obtain exposure, maintain, or rebalance exposure efficiently or at expected prices. In addition, government authorities may intervene in financial markets through regulatory actions, trading restrictions, capital controls, or market closures, which could adversely affect liquidity, valuation, or the value of the Underlying Security. Relations between South Korea and North Korea remain tense, and military, political, or diplomatic developments on the Korean peninsula could have a significant adverse effect on South Korea's economy, financial markets, and the price of the Underlying Security.

Japan Market Risk (Applicable to Corgi Kioxia 2x Daily ETF, Corgi TEL 2x Daily ETF, Corgi Advantest 2x Daily ETF, Corgi DISCO 2x Daily ETF, and Corgi Lasertec 2x Daily ETF).

Taiwan Market Risk (Applicable to Corgi MediaTek 2x Daily ETF and Corgi Delta Electronics 2x Daily ETF).

Netherlands Market Risk (Applicable to Corgi Besi 2x Daily ETF and Corgi ASM 2x Daily ETF).

Financing, Margin, and Interest Rate Risk (Applicable to all Funds).

Each Fund's use of derivatives and leverage requires the posting of margin and the maintenance of collateral, which may require a Fund to hold significant amounts of cash and short-term instruments. Increases in margin requirements or collateral demands from counterparties or clearinghouses may require a Fund to sell assets at unfavorable times or reduce leveraged exposure, which could adversely affect performance. Rising interest rates may increase a Fund's financing costs, reduce the return on cash and short-term instruments, and adversely affect equity market valuations.

Non-Diversified Fund Risk (Applicable to all Funds).

Each Fund is non-diversified, which means it may invest a larger percentage of its assets in the securities of a smaller number of issuers or obtain exposure through a smaller number of counterparties than a diversified fund. As a result, a Fund may be more susceptible to a single economic, market, political, or regulatory occurrence, or to a decline in the financial condition of an issuer or counterparty, and such an event may have a disproportionately negative impact on the Fund.

ETF Risks (Applicable to all Funds).

Each Fund is an exchange-traded fund ("ETF") and is subject to risks associated with ETF structure and secondary-market trading. These include potential reliance on a limited number of market makers and Authorized Participants, the possibility that Shares trade at prices different from NAV, and the trading and transaction-cost considerations described below.

Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk.

Each Fund relies on a limited number of financial institutions that are authorized to purchase and redeem Creation Units directly with the Fund (each, an Authorized Participant or "AP"). There may also be a limited number of market makers and other liquidity providers active in Shares. If (i) APs exit the business, become unable to process creation and/or redemption orders, and no other APs step in, or (ii) market makers and/or other liquidity providers leave the market or materially scale back their activity and no replacements emerge, Shares may trade at a material discount to NAV and, in extreme cases, could face delisting.

Costs of Buying or Selling Shares.

Investors who trade Shares in the secondary market will pay brokerage commissions or other charges set by their broker. Commissions are often fixed amounts and can be a significant proportional cost for investors transacting in small sizes. Secondary-market investors also bear the bid-ask spread. The spread varies over time with trading volume and market liquidity; generally narrower when trading volume and liquidity are higher and wider when they are lower. A relatively small investor base, sizable asset flows into or out of a Fund, and/or periods of elevated market volatility may widen spreads. Because commissions and spreads add to trading costs, frequent trading of Shares can materially reduce returns and may be inadvisable for investors who expect to make regular, small purchases or sales.

Shares May Trade at Prices Other Than NAV.

As with all ETFs, Shares trade on an exchange at market prices that may differ from a Fund's NAV. At times, Shares may trade at an intraday premium (above NAV) or discount (below NAV) due to supply and demand for Shares or during volatile markets. This risk can be heightened in periods of market stress, sharp market declines, or when secondary-market trading activity in Shares is limited, in which case premiums or discounts may be significant.

Trading.

Although Shares are listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and may trade on other U.S. exchanges, there is no assurance that Shares will trade with active volume, or trade at all, on any exchange. In stressed market conditions, the liquidity of Shares and the liquidity of a Fund's portfolio holdings may deteriorate.

Cash Transactions and Tax Efficiency Risk (Applicable to all Funds).

If a Fund uses cash creations or redemptions, it may need to buy or sell portfolio securities and derivatives, which can increase transaction costs, cause the Fund to realize taxable gains, and reduce tax efficiency relative to ETFs that rely more heavily on in-kind activity.

Brokerage Commissions and Bid-Ask Spread Risk (Applicable to all Funds).

Investors who buy or sell shares pay brokerage commissions and bear bid-ask spreads. These costs may increase when markets are volatile or when the Shares trade in lower volumes and can materially reduce returns for investors, especially for frequent traders or smaller transactions.

New Adviser Risk (Applicable to all Funds).

The Adviser is a newly registered investment adviser and has limited operating history. There can be no assurance that the Adviser will be successful in implementing a Fund's investment strategy or managing a Fund, including with respect to the Funds' use of derivatives and daily rebalancing.

Absence of Active Market Risk (Applicable to all Funds).

New Fund Risk (Applicable to all Funds).

Each Fund is newly organized and has limited operating history. As a new fund, a Fund may not attract sufficient assets to achieve and maintain an economically viable size, and it may be more likely to liquidate than a fund with a longer operating history and larger asset base. Liquidation may occur at a time that is disadvantageous to shareholders.

Single-Stock Risk (Applicable to all Funds).

Underlying Security Liquidity Risk (Applicable to all Funds).

Trading Halt Risk (Applicable to all Funds).

Trading Hours Risk (Applicable to all Funds).

The Fund is exposed to trading hours risk through its exposure to the Underlying Security. The Underlying Security trades during hours when U.S. markets are closed. As a result, the Fund's NAV may be based on prices that are stale or reflect information that differs from the information available during U.S. trading hours. This may increase the likelihood that the Fund's shares trade at a premium or discount to NAV.

Valuation and Fair Value Pricing Risk.

The Fund's investments may be valued using market quotations, pricing services, or--when market prices are not readily available or are deemed unreliable--fair valuation methodologies approved by the Trust. The Fund's Underlying Security trades primarily on a foreign market that may be closed when the Fund's shares trade on the Exchange. As a result, the Fund may use prices that are stale or otherwise not reflective of current market conditions, and the value of the Fund's derivatives may move materially while the foreign market is closed. Fair valuation determinations involve judgment, and the Fund's fair values may differ from values that would be realized upon sale, particularly during periods of market stress, trading halts, or local-market disruptions. These valuation effects can contribute to wider premiums or discounts to NAV and increased volatility of the Fund's market price.

Gap and Overnight Market Risk

(Applicable to all Funds).

The Fund is exposed to gap and overnight market risk through its exposure to the Underlying Security. The Underlying Security may trade on an exchange with trading hours that differ from those of the exchange on which the Fund's shares trade. As a result, the price of the Underlying Security may change significantly when the Fund's shares are not trading, including due to news or market events, causing the Underlying Security to open at prices that differ materially from prior closing prices. Because the Fund seeks daily leveraged exposure, such price gaps may result in significant losses, increased volatility, reduced liquidity, and a greater likelihood that shares trade at a premium or discount to NAV.

Global Equity Market Risk (Applicable to all Funds).

Regulatory, Legal, and Tax Risk (Applicable to all Funds).

Through its exposure to the Underlying Security, the Fund is exposed to regulatory, legal, and tax risks. Changes in laws, regulations, or regulatory interpretations may affect issuers reflected in the Underlying Security and may affect the Fund's operations. Regulatory and legal risks may include increased compliance costs, limits on business practices, licensing requirements, enforcement actions, litigation, and changes in taxation. Regulatory outcomes may be uncertain and may differ across jurisdictions. Because the Fund provides leveraged exposure, adverse regulatory or legal developments affecting the Underlying Security may result in proportionally larger declines in the Fund's NAV and market price.

Supply Chain, Geopolitical, and Cross-Border Operations Risk (Applicable to all Funds).

The issuers of the Underlying Securities operate in industries that depend on complex global supply chains, international manufacturing networks, cross-border sourcing of components, and sales into multiple geographic markets. Their operations and financial performance may be affected by geopolitical developments, trade disputes, tariffs, sanctions, export controls, regulatory restrictions, or regional political or economic conditions affecting suppliers, customers, logistics providers, or manufacturing partners. Disruptions in the availability of raw materials, semiconductor components, precision equipment, energy, or transportation infrastructure may increase costs, delay production, reduce demand, or impair operational efficiency. In addition, changes in government policies, trade relations, or regional stability may affect market access, production locations, or customer purchasing decisions. Because each Fund provides leveraged exposure to a single issuer, adverse developments affecting an issuer's supply chain, production network, or global operating environment may result in amplified volatility and losses in the Fund's net asset value and market price.

Manufacturing and Operational Execution Risk (Applicable to all Funds).

Through its exposure to the Underlying Security, the Fund is exposed to supply chain, manufacturing, and operational execution risks. Issuers may face constraints from limited suppliers, long lead times, quality-control issues, labor availability, and capacity limitations. Execution challenges can lead to delays, cost overruns, warranty claims, recalls, or lost market share, and operational disruptions can reduce revenue and cash flow. Because the Fund provides leveraged exposure, adverse developments affecting the Underlying Security may result in proportionally larger declines in the Fund's NAV and market price.

Technology Development, Innovation, and Competitive Execution Risk (Applicable to all Funds).

Issuers in the semiconductor and technology industries operate in highly competitive markets characterized by rapid technological change, evolving industry standards, short product cycles, and significant research and development requirements. The success of an issuer may depend on its ability to develop, manufacture, and commercialize advanced technologies, introduce new products, improve manufacturing processes, maintain cost competitiveness, and respond to changing customer requirements and technological trends. Competitors may introduce superior technologies, achieve lower production costs, or obtain technological advantages that reduce the competitiveness of an issuer's products. Technology transitions, including migrations to new process nodes, device architectures, packaging platforms, manufacturing techniques, or system designs, are complex, capital-intensive, and subject to significant execution risk. Such risks may include engineering challenges, yield shortfalls, performance limitations, manufacturing defects, design flaws, supply constraints, software integration issues, delays in product development, or failures to achieve expected performance or cost targets. In addition, certain issuers may depend on semiconductor manufacturers' adoption of new technologies or capital investment cycles, and delays, reductions, or changes in such adoption or investment may reduce demand for those issuers' products. Rapid innovation cycles, increasing device complexity, evolving customer specifications, and the introduction of alternative technologies may shorten product life cycles or render existing technologies obsolete. Failure to anticipate technological trends, successfully commercialize new platforms, or compete effectively may reduce revenues, margins, or market share. These developments could materially adversely affect the market value of the Underlying Security and, because each Fund seeks leveraged exposure, may result in amplified losses and increased volatility in a Fund's net asset value and market price.

Global Demand Sensitivity Risk (Applicable to all Funds).

The financial performance of issuers may depend on global demand for their products and services across key end markets. Demand may be affected by macroeconomic conditions, consumer confidence, enterprise spending, supply chain conditions, and regional economic developments. Weakness in global demand or declines in key end markets such as mobile devices, personal computers, data centers, automotive electronics, or consumer electronics may adversely affect revenues and profitability. Because each Fund seeks leveraged exposure to a single issuer, declines in demand affecting that issuer's products or markets may result in amplified losses in the Fund.

Export Controls and Trade Policy Risk (Applicable to all Funds).

Through its exposure to the Underlying Security, the Fund is exposed to risks arising from international trade policies, export controls, sanctions regimes, tariffs, and geopolitical developments. Issuers may be affected by restrictions on the export, sale, or licensing of semiconductors, semiconductor manufacturing equipment, electronic components, or related technologies to certain countries, customers, or end uses, as well as changes in licensing requirements, sanctions programs, or trade regulations. Such measures could limit access to key markets, restrict customer relationships, disrupt supply chains, increase compliance costs, or reduce revenues. Geopolitical tensions or trade disputes may further increase market volatility, input costs, or operational uncertainty. Because the Fund seeks leveraged exposure to a single issuer, adverse developments affecting the Underlying Security may result in proportionally larger declines in the Fund's net asset value and market price.

Information & Corporate Action Risk (Applicable to all Funds).

Semiconductor Industry Cyclicality, Capital Spending, and Volatility Risk (Applicable to Corgi SK hynix 2x Daily ETF, Corgi Samsung 2x Daily ETF, Corgi Kioxia 2x Daily ETF, Corgi Besi 2x Daily ETF, Corgi TEL 2x Daily ETF, Corgi Advantest 2x Daily ETF, Corgi ASM 2x Daily ETF, Corgi DISCO 2x Daily ETF, and Corgi Lasertec 2x Daily ETF).

The semiconductor industry is highly cyclical and characterized by rapid technological change, short product life cycles, significant capital investment requirements, and frequent supply-demand imbalances. Certain issuers derive a substantial portion of their revenue from semiconductor manufacturers whose purchasing decisions depend on capital expenditure budgets, production volumes, technology transitions, and fabrication expansion plans. Capital spending by semiconductor manufacturers is highly cyclical and may fluctuate significantly in response to semiconductor pricing trends, device demand, inventory levels, technology roadmaps, financing conditions, and global economic developments. During industry downturns or periods of reduced capital investment, semiconductor manufacturers may delay, scale back, or cancel equipment purchases, testing system deployments, inspection tool orders, consumables usage, or fabrication projects, which could materially adversely affect revenues, margins, and operating results of such issuers. Periods of excess capacity, inventory corrections, pricing pressure, or reduced demand from end markets such as data centers, personal computers, mobile devices, and consumer electronics may cause significant fluctuations in the price of the Underlying Security. Because each Fund provides leveraged exposure to a single issuer, adverse developments affecting semiconductor manufacturer investment activity or industry cyclicality may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Advanced Technology Adoption Risk (Applicable to Corgi Besi 2x Daily ETF, Corgi TEL 2x Daily ETF, Corgi Advantest 2x Daily ETF, Corgi ASM 2x Daily ETF, Corgi DISCO 2x Daily ETF, and Corgi Lasertec 2x Daily ETF).

Certain issuers in the semiconductor equipment industry depend on semiconductor manufacturers' adoption of new technologies, advanced process nodes, and next-generation manufacturing techniques. The success of such equipment suppliers may depend on the timing, pace, and scale of technology transitions by their customers, including migrations to smaller process nodes, advanced packaging platforms, new device architectures, or innovative manufacturing processes. If semiconductor manufacturers delay technology adoption, extend existing technology lifecycles, reduce capital spending on advanced tools, or select competing equipment suppliers, demand for such issuers' products may decline. Technology transitions may also be subject to technical challenges, yield issues, or slower-than-expected customer adoption, which could delay equipment purchases or reduce order volumes. Because each Fund seeks leveraged exposure to a single issuer, adverse developments affecting technology adoption cycles or equipment demand may result in amplified volatility and losses in the Fund's net asset value and market price.

End-Market Demand Sensitivity Risk (Applicable to Corgi MediaTek 2x Daily ETF, Corgi Delta Electronics 2x Daily ETF, Corgi Hyundai 2x Daily ETF, and Corgi Advantest 2x Daily ETF).

Certain issuers' revenues depend on demand in specific end markets such as smartphones, consumer electronics, infrastructure, automotive, or AI computing. Weakness in these markets may materially adversely affect financial performance.

Joint Venture Manufacturing Risk (Applicable to Corgi Kioxia 2x Daily ETF).

Fabless Semiconductor Model Risk (Applicable to Corgi MediaTek 2x Daily ETF).

Consumables and Recurring Revenue Dependence Risk (Applicable to Corgi DISCO 2x Daily ETF).

Automotive Demand Cycle Risk (Applicable to Corgi Hyundai 2x Daily ETF).

Electric Vehicle Transition Risk (Applicable to Corgi Hyundai 2x Daily ETF).

Commodity and Input Cost Volatility Risk (Applicable to Corgi Hyundai 2x Daily ETF).

Customer Financing and Credit Risk (Applicable to Corgi Hyundai 2x Daily ETF).

Inspection and Metrology Equipment Demand Risk (Applicable to the Corgi Lasertec 2x Daily ETF and Corgi DISCO 2x Daily ETF).

Issuers that manufacture semiconductor inspection, metrology, or precision processing equipment depend significantly on capital expenditures by semiconductor manufacturers. Demand for such equipment is highly cyclical and is influenced by semiconductor supply-demand conditions, device pricing trends, technology node transitions, yield improvement initiatives, and global economic conditions. During periods of reduced semiconductor capital spending, fabrication delays, or inventory corrections, semiconductor manufacturers may postpone, reduce, or cancel equipment purchases, which could materially adversely affect the issuers' revenues, margins, and operating results. Because each Fund seeks leveraged exposure to a single issuer, adverse developments affecting demand for inspection or precision processing equipment may result in amplified declines in the Fund's net asset value and market price.

Advanced Semiconductor Node, Packaging, and Foundry Investment Dependency Risk (Applicable to the Corgi MediaTek 2x Daily ETF, Corgi ASM 2x Daily ETF, Corgi TEL 2x Daily ETF, and Corgi Advantest 2x Daily ETF).

Certain issuers depend directly or indirectly on semiconductor manufacturers' investments in advanced process nodes, next-generation device architectures, heterogeneous integration, advanced packaging technologies, and leading-edge fabrication capabilities. Demand for such issuers' products or services may be influenced by semiconductor manufacturers' capital expenditure levels, technology roadmaps, node migration cycles, packaging transitions, and adoption of new manufacturing processes. Transitions to smaller process nodes, advanced packaging architectures, or more complex semiconductor designs are technologically challenging, capital-intensive, and subject to engineering, yield, performance, cost, and timing risks. If semiconductor manufacturers delay or reduce investments in leading-edge fabrication, scale back technology transitions, adopt alternative manufacturing approaches, or select competing suppliers, demand for such issuers' offerings could decline, which could materially adversely affect revenues, margins, competitiveness, and market position. Because each Fund seeks leveraged exposure to a single issuer, adverse developments affecting foundry investment cycles, advanced node adoption, packaging transitions, or semiconductor technology roadmaps may result in amplified volatility and losses in the Fund's net asset value and market price.

Memory Semiconductor Pricing and Cycle Risk (Applicable to the Corgi SK hynix 2x Daily ETF, Corgi Samsung 2x Daily ETF, and Corgi Kioxia 2x Daily ETF).

Certain issuers derive a substantial portion of revenue and profitability from memory semiconductor products, including DRAM and NAND flash. Prices for memory products are highly cyclical and may fluctuate significantly due to changes in supply and demand, industry capacity expansion, inventory levels, technological transitions, and macroeconomic conditions. Periods of oversupply, declining memory prices, or reduced end-market demand may materially adversely affect revenues, margins, and earnings of such issuers. In addition, certain issuers may depend on capital expenditures by memory semiconductor manufacturers, which are also cyclical and may decline during industry downturns, pricing corrections, or periods of reduced fab utilization, reducing demand for such issuers' products. Because each Fund seeks leveraged exposure to a single issuer, adverse pricing cycles or downturns in memory semiconductor markets may result in amplified declines in the Fund's net asset value and market price.

Multi-Segment Business Risk (Applicable to the Corgi Samsung 2x Daily ETF).

The issuer of the Underlying Security operates across multiple business segments, including semiconductor solutions, mobile communications, consumer electronics, and display technologies. Financial performance may be affected by changes in demand, pricing pressure, technological developments, product launch cycles, or competitive dynamics within any of these segments. Weakness in one or more key segments may adversely affect overall revenues, profitability, and operating results. Because the Fund provides leveraged exposure to a single issuer, adverse developments affecting one or more segments may result in amplified volatility and losses in the Fund.

Capital Intensity, Investment Cycle and Return Risk (Applicable to all Funds).

The industries in which issuers operate are highly capital-intensive and require substantial ongoing investment in manufacturing facilities, engineering infrastructure, automation systems, advanced materials, precision tooling, process technologies, software development, intellectual property, and research and development. Issuers may incur significant capital expenditures to expand production capacity, develop new products or platforms, support technology transitions, maintain technological leadership, meet customer performance requirements, or comply with regulatory or environmental standards. These large capital requirements may reduce financial flexibility, increase reliance on external financing, and heighten sensitivity to interest rate changes, financing conditions, industry demand cycles, or shifts in customer investment patterns. In certain industries, demand for issuers' products may depend on capital spending by customers, and reductions, delays, or cancellations of such spending could materially reduce revenues and profitability. Significant investments may not generate expected returns, particularly if technological transitions are delayed, customer adoption is slower than anticipated, competitive technologies emerge, or industry demand weakens after capital investments are made. In such circumstances, issuers may experience underutilized capacity, impaired assets, reduced returns on invested capital, margin compression, or write-downs. Because each Fund seeks leveraged exposure to a single issuer, adverse developments relating to capital investment cycles, financing conditions, or returns on invested capital may result in amplified declines in the Fund's net asset value and market price.

Customer Concentration Risk (Applicable to the Corgi Kioxia 2x Daily ETF, Corgi Besi 2x Daily ETF, Corgi TEL 2x Daily ETF, Corgi Advantest 2x Daily ETF, Corgi ASM 2x Daily ETF, Corgi MediaTek 2x Daily ETF, Corgi Delta Electronics 2x Daily ETF, and Corgi Lasertec 2x Daily ETF).

Certain issuers derive a substantial portion of revenue from a limited number of customers, which may include semiconductor manufacturers, foundries, outsourced assembly and test providers, device manufacturers, cloud service providers, original equipment manufacturers, or large industrial and technology customers. As a result, these issuers may be highly dependent on the purchasing decisions, production plans, capital expenditure budgets, technology roadmaps, inventory strategies, or financial condition of a relatively small customer base. The loss of, or reduction in purchases by, one or more significant customers, delays in customer product launches or fabrication projects, changes in procurement strategies, shifts to competing suppliers, reductions in capital investment, or financial distress of major customers could materially adversely affect revenues, margins, operating results, and growth prospects. Customer concentration may also increase volatility in order patterns, backlog levels, and revenue recognition, particularly where a small number of customers account for a substantial percentage of sales. Because each Fund seeks leveraged exposure to a single issuer, adverse developments affecting key customer relationships or demand from major customers may result in amplified declines in the Fund's net asset value and market price.

Product Line Concentration Risk (Applicable to the Corgi Lasertec 2x Daily ETF, Corgi DISCO 2x Daily ETF, Corgi ASM 2x Daily ETF, Corgi Advantest 2x Daily ETF, and Corgi Besi 2x Daily ETF

). Certain issuers depend heavily on a limited number of products, technologies, or equipment platforms. Adverse developments affecting those offerings, including demand declines, pricing pressure, technological obsolescence, or competitive displacement, could materially adversely affect revenues, margins, and financial performance. Funds providing leveraged exposure to such issuers may experience magnified volatility and losses.

Power Electronics Demand and End-Market Exposure Risk (Applicable to Corgi Delta Electronics 2x Daily ETF).

The issuer derives a significant portion of its revenue from power electronics, energy infrastructure, and electronic components used in industrial, data center, automotive, telecommunications, and renewable energy applications. Demand for such products is cyclical and depends on capital expenditures, infrastructure investment, electrification trends, government policy, and global economic conditions. Reductions or delays in capital spending, infrastructure projects, or technology adoption may reduce demand for the issuer's products and adversely affect revenues, margins, and operating results. Because the Fund seeks daily leveraged investment results, such developments may result in amplified losses and increased volatility in the Fund's net asset value and market price.

Depositary Receipts Risk.

The Fund will only obtain exposure to SK hynix Inc. through instruments that reference sponsored depositary receipts, including American Depositary Shares ("ADSs") and the American Depositary Receipts evidencing them, representing the common stock of SK hynix Inc. Depositary receipts are subject to many of the risks of the underlying common stock, plus additional risks. The market value of a depositary receipt may not track, and may diverge from, the price of the underlying common stock because the two trade in different markets, during different trading hours, in different currencies, and with different supply, demand, and liquidity characteristics. Holders of depositary receipts may have more limited rights than holders of the underlying common stock, including with respect to voting and the timing and receipt of distributions. Depositary receipts involve the credit, custody, and operational risk of the depositary bank and the custodian that hold the underlying shares; fees, charges, and expenses imposed by the depositary will reduce the value of, or returns associated with, the depositary receipts. A depositary receipt facility may be amended, suspended, or terminated, and ADSs may be delisted from a U.S. exchange or have their registration terminated, any of which could adversely affect the liquidity, value, and availability of the instruments the Fund references and the Fund's ability to achieve its investment objective. Currency fluctuations between the U.S. dollar and the South Korean won will affect the value of depositary receipts.

Foreign Issuer Information Risk.

PORTFOLIO HOLDINGS INFORMATION

The Fund's complete portfolio holdings will be made available on the Fund's website at www.corgifunds.com on each business day, consistent with applicable SEC requirements (including Rule 6c-11). A full description of the Fund's policies and procedures regarding disclosure of portfolio holdings is provided in the Fund's Statement of Additional Information (the "SAI").

MANAGEMENT

Investment Adviser

Corgi Strategies, LLC (the "Adviser"), located at 425 Bush St, Suite 500, San Francisco, CA 94104, is a Delaware limited liability company registered with the SEC as an investment adviser and serves as investment adviser to each Fund. The Adviser was founded in July 2025, and as of March 31, 2026, has $27,172,159 in assets under management.

The Adviser is responsible for overall portfolio management and administration of each Fund pursuant to an investment advisory agreement with Corgi ETF Trust I (the "Trust") (the "Advisory Agreement"). In addition to executing portfolio transactions, the Adviser may arrange for, and oversee, service providers performing transfer agency, custody, fund administration/accounting, distribution, and other services necessary for each Fund's operations.

For its services to each Fund, each Fund pays the Adviser a unitary management fee, calculated daily and paid monthly, from the Fund's average daily net assets. Under the Advisory Agreement, the Adviser pays substantially all of the Fund's expenses except for: the advisory fee itself; interest charges on borrowings; taxes; brokerage commissions and other expenses related to buying and selling portfolio investments; dividends and other expenses on securities sold short; acquired fund fees and expenses; any accrued deferred tax liability; distribution fees and expenses under any Rule 12b-1 plan; litigation and other extraordinary expenses; and any other expenses the Fund is responsible for under the Advisory Agreement (collectively, the "Excluded Expenses").

Additional information about portfolio transactions, brokerage selection, and research services is provided in the SAI under Brokerage Transactions.

Advisory Agreement

A discussion of the basis for the Board's approval of the Advisory Agreement and Sub-Advisory Agreement will appear in the Fund's Semi-Annual Report to shareholders for the period ended June 30, 2026, on Form N-CSR.

Portfolio Managers

The individuals primarily responsible for the day-to-day management of the Fund are Isaac Hargett, Anthony Crinieri, and Miles Braden, each a Portfolio Manager for the Adviser, each of whom has served as a portfolio manager of the Fund since 2026.

Additional information regarding the portfolio manager's compensation, other accounts managed, and ownership of Shares is provided in the Fund's SAI.

HOW TO BUY AND SELL SHARES

The Fund issues and redeems shares of the Fund ("Shares") only in large blocks called "Creation Units," at a Fund's net asset value ("NAV") next determined after an order is accepted. Only authorized participants ("APs"), who must be members or participants of a registered clearing agency and must have an executed participant agreement with a Fund's distributor and transfer agent, may transact in Creation Units directly with the Fund. Once created, Shares may be bought and sold in the secondary market in amounts less than a Creation Unit.

Most investors buy and sell shares in secondary-market transactions through brokers. Shares are expected to be listed for trading on Cboe BZX Exchange, Inc. (the "Exchange") and can be bought and sold throughout the trading day at market prices. Investors may pay customary brokerage commissions and, because secondary-market transactions occur at market prices, investors may pay more than NAV when buying Shares and receive less than NAV when selling Shares.

Book Entry

Shares are held only in book-entry form. The Depository Trust Company ("DTC") or its nominee is the record owner of all outstanding Shares. Beneficial ownership of Shares is shown on the records of DTC or its participants (e.g., brokers, banks, and other financial institutions). As a beneficial owner, you will not receive physical certificates and must rely on DTC and its participants to exercise rights associated with owning Shares, consistent with standard "street name" procedures.

Frequent Purchases and Redemptions of Shares

The Funds do not impose restrictions on the frequency of purchases and redemptions of Shares. Purchases and redemptions by APs are integral to the ETF arbitrage mechanism and help keep market prices of Shares close to NAV. The Board has considered the potential for frequent purchases and redemptions, particularly for cash, to increase portfolio transaction costs, tracking difference, and realized capital gains, and has approved policies to mitigate these effects, including fair-value pricing and the imposition of transaction fees on Creation Unit purchases and redemptions designed to cover a Fund's costs. Each Fund and the Adviser reserve the right to reject any purchase order at any time.

Determination of Net Asset Value

The Fund's NAV is calculated as of the close of regular trading on Cboe BZX Exchange, Inc. (normally 4:00 p.m. Eastern Time) on each day the Exchange is open for business. NAV is computed by dividing the Fund's net assets by the number of Shares outstanding.

In determining NAV, portfolio securities and other assets are generally valued at market value using quotations, last sale prices, or values supplied by a pricing service or market makers. When such information is unavailable or is deemed unreliable, the affected investments are valued at fair value pursuant to the Fund's valuation procedures.

Fair Value Pricing

The Board has designated the Adviser as each Fund's "valuation designee" under Rule 2a-5 of the 1940 Act, subject to the Board's oversight. The Adviser has adopted valuation policies and procedures to determine, in good faith, the fair value of investments for which market quotations are not readily available or are considered unreliable (for example, following a trading halt or when a primary pricing source fails to provide data). In making fair-value determinations, the Adviser may consider all reasonably available information deemed relevant, including issuer-specific data, market conditions, recent trading activity, and the circumstances that triggered the need for fair value. Because fair value determinations involve judgments, the prices assigned may differ from values realized upon sale.

Investments by Other Registered Investment Companies in the Fund

Investments by registered investment companies in a Fund are subject to the limits of Section 12(d)(1) of the 1940 Act and related rules. Other registered investment companies may invest in the Fund beyond the Section 12(d)(1) limits in accordance with applicable SEC rules (e.g., Rule 12d1-4) and conditions, which may include entering into a fund-of-funds investment agreement with the Fund.

Delivery of Shareholder Documents - "Householding"

Certain intermediaries may offer "householding," a method of delivery under which a single copy of shareholder documents is sent to investors sharing an address, even if accounts are registered in different names. If you wish to enroll in, or to change your householding election, please contact your broker-dealer or other financial intermediary.

DIVIDENDS, DISTRIBUTIONS, AND TAXES

Dividends and Distributions

Each Fund intends to pay dividends and interest income, if any, annually, and to distribute any net realized capital gains to shareholders at least annually. Each Fund will declare and pay income and capital gain distributions, if any, in cash. Cash distributions may be reinvested in additional whole Shares only if the broker through whom you hold Shares offers that option. Your broker is responsible for delivering any income and capital gain distributions to you.

Taxes

The following discussion summarizes certain U.S. federal income tax considerations that generally apply to investments in a Fund. Your situation may differ. You should consult your tax adviser regarding the tax consequences of investing in Shares, including the application of foreign, state, and local tax laws.

The Fund intends to qualify each year as a regulated investment company ("RIC") under the Internal Revenue Code of 1986, as amended (the "Code"). If a Fund satisfies minimum distribution requirements, a RIC is generally not subject to fund-level federal income tax on income and gains that are timely distributed to shareholders. If a Fund were to fail to qualify as a RIC or fail to meet the distribution requirements (and no relief were available), it could be subject to fund-level taxation, which would reduce income available for distribution.

Unless your Shares are held through a tax-exempt entity or tax-advantaged account (such as an IRA), you should consider potential tax consequences when a Fund makes distributions, when you sell Shares on the Exchange, and (for institutional investors only) when you purchase or redeem Creation Units.

This general discussion is based on the Code and applicable Treasury regulations in effect on the date of this Prospectus. New legislation, administrative guidance, or court decisions may materially change these conclusions and may apply retroactively.

Taxes on Distributions

For federal income tax purposes, distributions of the Fund's net investment income are generally taxable to shareholders as ordinary income or as qualified dividend income. Tax treatment of distributions of net capital gains (if any) depends on how long the Fund held the investments that generated such gains, not on how long you have held your Shares. Sales of assets held by the Fund for more than one year generally produce long-term capital gains or losses; sales of assets held for one year or less generally produce short-term capital gains or losses. Distributions that the Fund reports as capital gain dividends ("Capital Gain Dividends") are taxable to shareholders as long-term capital gains. Distributions of short-term capital gains are generally taxable to shareholders as ordinary income. Dividends and distributions are generally taxable to you whether received in cash or reinvested in additional Shares.

Distributions a Fund reports as "qualified dividend income" are generally taxed to non-corporate shareholders at the rates applicable to long-term capital gains, provided holding-period and other requirements are met. "Qualified dividend income" generally includes dividends from U.S. corporations and from certain qualified foreign corporations (including those incorporated in a U.S. possession, eligible for benefits under a comprehensive U.S. income tax treaty, or whose stock is readily tradable on an established U.S. market). Corporate shareholders may be eligible for a dividends-received deduction with respect to portions of dividends attributable to qualifying dividends the Fund receives from U.S. corporations, subject to applicable limitations.

Shortly after the close of each calendar year, you will receive information describing the character of distributions you received from the distributing Fund.

In addition to federal income tax, certain individuals, trusts, and estates are subject to a 3.8% Net Investment Income ("NII") tax. This tax is imposed on the lesser of: (i) net investment income (as reduced by properly allocable deductions) or (ii) the excess of modified adjusted gross income over specified thresholds ($250,000 for married filing jointly, $200,000 for single filers, and $125,000 for married filing separately). The Fund's distributions and any capital gains realized on a sale or redemption of Shares are generally included in net investment income for purposes of the NII tax.

In general, distributions are taxable to you in the year paid. However, certain distributions paid in January may be treated as paid on December 31 of the year prior. In general, distributions are taxable even if they are paid from income or gains earned by the Fund before you purchased Shares (and thus were reflected in the Shares' NAV at the time of purchase).

You may want to avoid purchasing Shares immediately before a dividend or other distribution, since the distribution will generally be taxable to you even if, in economic terms, it represents a return of part of your investment.

If you are neither a U.S. citizen nor a U.S. resident (or are a foreign entity), distributions (other than Capital Gain Dividends) will generally be subject to U.S. withholding tax at a 30% rate, unless a lower treaty rate applies. Under certain circumstances, a Fund may report all or a portion of a dividend as an "interest-related dividend" or a "short-term capital gain dividend," which would generally be exempt from this 30% withholding tax, provided other requirements are met.

The Foreign Account Tax Compliance Act ("FATCA") may require a Fund to withhold a 30% tax (generally not refundable) from distributions of net investment income made to: (A) certain foreign financial institutions that do not satisfy applicable FATCA reporting or due-diligence requirements (or that are not treated as compliant under an applicable intergovernmental agreement), and (B) certain non-financial foreign entities that do not provide required information regarding substantial U.S. owners. FATCA may also affect the Fund's returns on foreign investments or a shareholder's returns if Shares are held through a foreign intermediary. Consult your tax adviser regarding FATCA's application and any related certification, compliance, reporting, and withholding obligations.

Each Fund (or a financial intermediary, such as a broker, through which a shareholder holds Shares) is generally required to withhold and remit to the U.S. Treasury a portion of taxable distributions and sale or redemption proceeds if the shareholder fails to furnish a correct taxpayer identification number, has underreported certain interest or dividend income, or fails to certify that they are not subject to such withholding.

Taxes When Shares are Sold on the Exchange

Any capital gain or loss realized upon a sale of Shares generally is treated as long-term capital gain or loss if Shares have been held for more than one year, and as short-term capital gain or loss if Shares have been held for one year or less. However, a capital loss on Shares held six months or less is treated as long-term to the extent of Capital Gain Dividends received with respect to such Shares. Losses are disallowed to the extent you acquire (including through dividend reinvestment) substantially identical Shares within a 61-day period beginning 30 days before and ending 30 days after the sale.

Taxes on Purchases and Redemptions of Creation Units

An authorized participant ("AP") whose functional currency is the U.S. dollar and who exchanges securities for Creation Units generally recognizes gain or loss equal to the difference between (i) the value of the Creation Units at the time of the exchange and (ii) the AP's aggregate basis in the securities delivered plus any cash paid. An AP that exchanges Creation Units for securities will generally recognize gain or loss equal to the difference between (i) the AP's basis in the Creation Units and (ii) the aggregate U.S. dollar market value of the securities received plus any cash received. The IRS may assert that a loss realized upon an exchange of securities for Creation Units is not currently deductible (e.g., under the "wash sale" rules for an AP not marking to market, or on the theory that there was no significant change in economic position). APs should consult their own tax advisers about the application of wash sale rules and the timing of any loss deductions.

Any capital gain or loss realized upon redemption of Creation Units is generally treated as long-term capital gain or loss if the Shares comprising the Creation Units were held for more than one year, and as short-term capital gain or loss if held for one year or less.

A Fund may include a payment of cash in addition to, or in place of, delivering a basket of securities when redeeming Creation Units. To raise cash for such redemptions, the Fund may sell portfolio securities, potentially recognizing investment income and/or capital gains or losses it might not have recognized if the redemption had been satisfied entirely in kind. As a result, including cash in redemption proceeds can reduce the Fund's tax efficiency.

The foregoing discussion summarizes some possible consequences under current federal tax law of investing in a Fund. It is not a substitute for personal tax advice. You may also be subject to foreign, state, and local taxes on Fund distributions and on sales of Shares. Consult your tax adviser regarding the tax consequences of investing in Shares under all applicable laws. For additional information, see "Federal Income Taxes" in the SAI.

DISTRIBUTION

Paralel Distributors LLC (the "Distributor"), each Fund's distributor, is a broker-dealer registered with the SEC, serves as the Fund's distributor for Creation Units on an agency basis and does not make a secondary market in Shares. The Distributor does not set Fund policies or select the portfolio securities of the Fund. The Distributor's principal address is 1700 Broadway, Suite 2100, Denver, Colorado 80290.

The Board has adopted a Distribution (Rule 12b-1) Plan (the "Plan") pursuant to Rule 12b-1 under the 1940 Act. Under the Plan, a Fund is authorized to pay up to 0.25% of its average daily net assets each year for distribution-related services in connection with the sale and distribution of its Shares.

The Funds do not currently pay Rule 12b-1 fees and there are no current plans to impose such fees. If Rule 12b-1 fees are charged in the future, because they are paid from Fund assets on an ongoing basis, these fees would increase the cost of your investment over time and may exceed certain other types of sales charges.

PREMIUM/DISCOUNT INFORMATION

When available, information about how often Shares traded on the Exchange at a price above (at a premium to) or below (at a discount to) the Fund's NAV will be provided on the Fund's website at www.corgifunds.com.

ADDITIONAL NOTICES

Shares are not sponsored, endorsed, or promoted by the Exchange. The Exchange is not responsible for, and has not participated in, the determination of the timing, prices, or quantities of Shares to be issued, nor in the determination or calculation of any equation by which to determine redeemability of Shares. The Exchange has no duty or liability to shareholders for the administration, marketing, or trading of the Shares.

Without limiting the foregoing, in no event shall the Exchange have any liability for lost profits or for indirect, punitive, special, or consequential damages, even if advised of the possibility of such damages.

The Adviser and the Funds make no representation or warranty, express or implied, to owners of Shares or to the public regarding the advisability of investing in securities generally or in the Funds specifically, or regarding the ability of any Fund to achieve its investment objective of providing two times (2x) the daily performance of its Underlying Security or the performance of its Underlying Security itself.

The issuers of the Underlying Securities are not affiliated with any Fund, the Trust, the Adviser, or any of their respective affiliates and have not participated in the preparation of this Prospectus. The issuers of the Underlying Securities do not sponsor, endorse, or promote any Fund and make no representation or warranty regarding the advisability of investing in any Fund.

This Prospectus relates solely to the Shares of the Funds and not to any Unaffiliated Underlying Security. All information regarding Unaffiliated Underlying Securities is derived from publicly available sources, and neither the Funds, the Trust, the Adviser, nor the Sub-Adviser has independently verified such information or participated in its preparation.

FINANCIAL HIGHLIGHTS

This section ordinarily presents Financial Highlights to help you understand each Fund's performance over its operating period. Because the Fund has not commenced operations as of the date of this Prospectus, no Financial Highlights are shown.

The Funds

Adviser

Corgi Strategies, LLC

425 Bush St, Suite 500

San Francisco, CA 94104

Distributor

Paralel Distributors LLC

1700 Broadway, Suite 2100

Denver, CO 80290

Independent Registered Public Accounting Firm

Tait, Weller & Baker LLP

50 South 16th Street, Suite 2900

Philadelphia, PA 19102

Administrator, Fund Accountant, and Transfer Agent

U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services)

777 E. Wisconsin Ave.

Milwaukee, WI 53202

Attn: GFS Contracts

Custodian

U.S. Bank National Association
Lunken Operations Center
CN-OH-L2GL
5065 Wooster Rd
Cincinnati, OH 45226