Corgi U.S. Equities 100% Structured Buffer ETF - July Series (HJLY) Price & Chart

Corgi U.S. Equities 100% Structured Buffer ETF - July Series

HJLY — Corgi U.S. Equities 100% Structured Buffer ETF — July Series is an actively managed, outcome-oriented ETF designed to give investors exposure to the price performance of the S&P 500 while materially limiting downside risk over a one‑year term. The fund references the price return of the SPDR S&P 500 ETF Trust (SPY) and uses customized FLEX options to construct a profile that seeks to: (1) provide a 100% buffer against any price decline in the fund’s shares over the annual series period and (2) deliver upside participation in SPY’s price gains up to a predetermined cap. Each “July Series” begins July 1 and runs for approximately one year, after which the option package is reset. Category and focus: HJLY sits in the Structured Outcome / Downside Hedge niche, specifically targeting investors who want core S&P 500 equity exposure but prefer an explicit, time‑defined hedge against losses. By trading off unlimited upside for near‑term loss protection, the strategy appeals to income‑conservative or risk‑aware equity investors, tactical allocators managing market timing risk, and those seeking a predictable one‑year investment outcome. How it works and key tradeoffs: the fund implements an options overlay—using exchange‑listed FLEX options—rather than holding SPY outright, and the manager actively selects option strikes, caps and counterparties to build the desired buffer/cap outcome. That structure can smooth downside over the series but comes with tradeoffs: upside returns above the cap are forgone, returns may deviate from direct SPY performance due to option costs and timing, and the approach carries counterparty, liquidity and annual‑reset risks. Holdings are recalibrated each year when the series is reestablished. Who it’s for: HJLY is targeted to investors seeking time‑bound principal downside protection on S&P 500 exposure and willing to accept a capped upside in exchange for that protection. It is positioned as a tailored, structured alternative to plain‑vanilla S&P 500 ETFs for portfolios emphasizing downside management over a defined 12‑month horizon.