This is an actively managed ETF that invests in companies involved in the development, adoption, and operation of digital banking and fintech infrastructure. It seeks capital growth opportunities from shifts in mobile-first finance, embedded finance, and software-based financial infrastructure.

It suits long-term investors who understand the digitization of financial services and the business environment of related companies, and who can tolerate the volatility of a specific industry theme.

The ETF is managed actively (with discretionary management) by Corgi Funds.

The manager selects companies that are substantively involved in the development, adoption, and operation of digital banking and fintech infrastructure. Investment decisions center on the mobile shift in financial services, the expansion of embedded finance, and changes in software-based infrastructure, and the fund does not mechanically replicate a specific index.

• Active selection focused on the digital financial infrastructure theme
• Flexible holding decisions that do not replicate a specific index

Assets under management (AUM) stand at $0.4M, and the total expense ratio is 0.35% per year.

Trading liquidity and actual transaction costs may vary with market conditions, so it is worth checking bid-ask spreads and trading conditions before buying.

Returns in the digital finance theme can be affected by the direction of interest rates, consumer and corporate spending on digital transformation, and the regulatory environment. Volatility in financial technology companies can widen when the gap between growth expectations and verified earnings grows, so it is worth looking at the durability of the theme rather than short-term moves.

This product has no distribution history and is a thematic ETF that aims for capital growth. Fund flows can be sensitive to factors such as expectations for the spread of digital financial services, earnings releases from related companies, and regulatory changes, so it is advisable to review trading conditions and disclosure materials before investing.

The ETF is distinguished by an active approach concentrated in digital financial infrastructure, but theme concentration and trading conditions that can amplify volatility are factors to keep in mind.

Because comparable listed fund data is limited, it is more appropriate to compare products by the investment scope of the digital finance theme and whether they are actively managed, rather than listing specific alternative ETFs. When reviewing similar products, check which area they weigh more heavily, whether digital payments, financial software, or online financial services, along with differences in fee levels, distribution policies, and trading conditions. Another distinguishing point is that, unlike index-replicating products, KYC ETF lets the manager's judgment influence results.

Before buying, confirm that the scope of digital financial infrastructure the product targets and its active management style fit your investment goals. Looking at the lack of distribution history, theme concentration, trading conditions, and currency exposure together makes the nature of single-theme exposure clearer.

The digitization of financial services is influenced by regulation, security, consumer demand, and technological change. If earnings forecasts for related companies are revised or the regulatory environment shifts, valuations across the theme can change quickly. In addition, the lack of distribution history and exchange rate fluctuations can affect expected cash flow and returns experienced in won terms.

The Corgi Digital Banking and Fintech Infrastructure ETF is an actively managed ETF focused on changes in digital financial infrastructure. Before investing, it is advisable to confirm whether you can accept the influence of a narrow theme and the manager's judgment, rather than diversified exposure to the broad financial sector, and whether you can accept the lack of distribution history and the trading conditions.