The Inside Ownership 100 Index is a rules-based index that selects constituents and sets weights within the US large-cap universe, centered on the value of insider holdings. The fund aims to track the pre-fee performance of that index.

It suits long-term investors who understand rules-based large-cap exposure built on an insider-ownership criterion that differs from overall market-cap weights, and who can tolerate relative deviations.

This is a passive (index-tracking) ETF managed by Corgi Invest.

The fund reflects the index's characteristics by holding the index constituents directly or by using financial instruments that provide economic exposure. Because more weight can fall on stocks with large insider holding value, the construction logic differs from that of a typical broad market-cap index.

• Rules-based selection driven by the value of insider holdings
• Passive index tracking with regular reconstitution

Assets under management (AUM) stand at $3.5M, and the Expense Ratio is 0.49% per year.

Because its listing history is short, trading volume and bid-ask conditions may differ from those of larger, more established products. Before buying, check the fees and liquidity together on an actual trading screen and in the fund's disclosure materials.

The official page states that standardized performance information is limited because the fund has a short trading history. Rather than judging the durability of the strategy from short-term results alone, it is worth observing over the long term how the insider-ownership criterion performs relative to the market across different market phases.

For newly launched index products, fund flows can vary depending on market participants' understanding and the process of building liquidity. The fund starts from the large-cap universe but applies an insider-ownership criterion, so it may show supply-and-demand patterns and compositional changes that differ from broad-market products.

Its distinctive rule reflecting the value of insider holdings is a strength, while the trading conditions and concentration risk of a new product should be checked alongside it.

The input material for this article did not include information on similarly classified ETFs or additional alternative tickers. It is therefore appropriate not to list specific comparison products, and instead to compare prospectuses, trading liquidity, and fee levels, focusing on whether the exposure is also large-cap and on differences in the insider-ownership criterion. Because this fund's weights can vary with the value of insider holdings, first check how its composition differs from that of typical market-cap-weighted products.

Before investing, look at how the selection criterion of insider holding value operates on the fund's holdings. The top holding tickers are listed in the order BMY, BAC, CVX, MO, and T, and it is necessary to also assess how changes in individual companies could affect their weight and performance within the index.

The fund may depend on a small number of liquidity providers, so the gap between market price and net asset value can widen. In addition, if the insider-ownership criterion narrows the investable universe and weight clusters in particular sectors or stocks, volatility may be higher than in the broad market.

Investors who want to reshape large-cap exposure around the value of insider holdings need to understand both the meaning of the index rules and the concentration risk. When deciding on a long-term holding, weigh together the absence of distribution history, trading conditions, fee level, and compositional differences from a conventional market-cap index.