Corgi Strategies LLC

Item 5

Investing in securities involves risk of loss that clients and ETF shareholders should be
prepared to bear.

Founder Led Index.

The Adviser is still developing the methodology. While still subject to change, the
Index is expected to have the following eligible universe: primary-listed, U.S. common
stocks, filtered by a float-adjusted market cap cutoff and 30-day average daily dollar
volume cutoff. Fifty constituents are selected and float-adjusted cap-weighted;
quarterly rebalance after the close on the third Friday of March, June, September and
December.

The Index methodology will be published on the Index publisher’s page before fund
launch, no later than October 2025.

Unleveraged Fund strategy.

Full or optimized physical replication.

Leveraged Fund strategy.

                      Corgi Strategies, LLC ADV Part 2A – March 2026

Daily target exposure of +200 % via uncleared or centrally-cleared total-return swaps
referencing the Index; collateral invested in cash and cash-equivalents. Leverage
resets daily; therefore results over periods longer than one day will differ from
two-times the cumulative Index return.

Principal risks (summary).

   ●   Equity-market, issuer-specific and sector-concentration risks
   ●   Index-tracking error
   ●   Leverage, derivatives & counter-party risk
   ●   Daily compounding / path dependency
   ●   Liquidity, valuation and operational risks
   ●   Emerging-manager operational risk

ETF prospectuses will provide full risk disclosure.

                      Corgi Strategies, LLC ADV Part 2A – March 2026

Item 7

The Adviser is not a broker-dealer.

Derivatives.

It intends to register with the National Futures Association as a commodity pool
operator (CPO) before the leveraged fund commences operations.

Index Development.

The Adviser develops the Founder Led Index internally; index governance policies will
address related conflicts.

Insurance Affiliate.

Corgi Insurance, Inc. directly owns the Adviser. Corgi Insurance sells insurance
products but does not participate in the Adviser’s Advisery operations, share
employees, or receive client information. Potential conflicts are mitigated through
information-barrier policies.

Neither Corgi Insurance nor the Adviser receives client-specific data, referral fees, or
revenue-sharing from Corgi’s insurance products in connection with the Adviser’s
Advisery clients. Corgi’s insurance revenues arise from its separate insurance-
agency business, not from Adviser’s investment-Advisery activities.

                       Corgi Strategies, LLC ADV Part 2A – March 2026

Code of Ethics, Participation or Interest in
Client Transactions & Personal Trading