Managed by Corgi Funds, this actively managed leveraged ETF aims to deliver amplified exposure linked to the daily movement of ServiceNow's share price. Because the objective is set on a daily basis, cumulative performance over a longer holding period can diverge from that of the underlying asset.

It suits investors who hold a view on ServiceNow's short-term price direction and are able to manage risk and review their trades on a daily basis.

It is an ETF run with an active management approach by Corgi Funds.

This is an active strategy that builds leveraged exposure to ServiceNow's daily price changes through derivatives such as swaps. Long-term cumulative returns are not a simple extension of the daily objective, and the higher the volatility, the larger the gap from the underlying asset's movement can become.

• Leveraged exposure designed around ServiceNow's daily movement
• A structure that uses derivatives and cash equivalents to build the target exposure

Assets under management (AUM) stand at $0.4M, and the expense ratio is 0.45% per year.

Given the nature of the product, trading volume and bid-ask spreads can vary over time, so investors should check liquidity and trading costs before placing an order. Fee comparisons are best made alongside the structure of similar daily leveraged products.

Returns respond sensitively to the daily direction and magnitude of moves in ServiceNow's share price. Even when the same directional trend persists, cumulative results can differ depending on the path, so short-term price action and the volatility environment should be considered together.

Newly launched leveraged products can experience changing trading conditions during the early period, while trading participation and liquidity are still forming. ServiceNow-related news, earnings expectations, and shifts in how the software sector is valued can affect trading demand and price swings.

Its clear structure of amplified daily exposure to ServiceNow is a strength, but compounding effects and single-stock volatility can weigh on longer holding periods.

Because no data was provided on similar products for the table or on additional alternatives, no specific ticker is offered here as a direct comparison. When comparing, it is necessary to check separately the option of holding ServiceNow directly, non-leveraged software sector products, and the costs, liquidity, and compounding effects of daily leveraged products. Because the results of a leveraged structure can vary with the holding period and how trades are managed, investors should first review their target exposure and the volatility they can tolerate, rather than simply comparing returns.

Before buying, investors should confirm that this product is a leveraged structure with a daily objective, not a vehicle for following long-term trends. It is worth setting out in advance a trading plan, loss management criteria, liquidity considerations, and how to respond to ServiceNow-related events and news.

Because this is a daily leveraged product, losses can also widen when the underlying asset's volatility rises. Investors should account for derivatives risks related to counterparties, liquidity, valuation, and tracking error, as well as the possibility that cumulative performance over several trading days differs from expectations.

The Corgi NOW 2x Daily ETF is designed for investors who want to express a view on ServiceNow's short-term price direction through a daily management strategy. With no distribution history and compounding playing a major role over longer holds, it is appropriate to approach it only after clearly defining your target period and risk management criteria.