Corgi High Voltage Grid Equipment ETF(CBOE:JOUL)

JOULtargets pure-play or the top 10 companies materially involved inmanufacturing, engineering, and servicing equipment and technologies used totransmitand control electricity across high voltage networks.The fund considers companies deriving significant revenue from this theme, spanningtransformers, switchgear, circuit protection, cables, substations, high voltage direct current (HVDC) systems, power electronics, and grid monitoring and diagnostics.Using a bottom-up approach that combines fundamental analysis with thematic and quantitative screening, the fund invests in US and international stocks of any market capitalization. Otherfactors include supply chain positioning, growth potential, and valuation. Up to 15% may beallocatedto illiquid investments, including passive minority interests in SPVs. Holdings may include cash, cash equivalents, or short-term US treasuries for liquidity or portfolio management.