San Francisco, October 5th ( PR Newswire ) – Corgi Invest today announced the launch of MN ( Corgi MANGOS ETF ), which is an actively managed exchange-traded fund designed to expose investors to two private artificial intelligence companies, OpenAI and Anthropic. It also includes Meta Platforms, NVIDIA, Alphabet ( Google ), and SpaceX. MANGOS is an acronym composed of the first letters of the names of these six companies.
"For many years, access to OpenAI and Anthropic has been limited to venture capitalists and insiders," said Jeff Weniger, the chief investment strategist at Corgi Invest. " MN has packaged this access in a form that investors are already familiar with – a standard exchange-traded fund that can be bought and sold just like other ETF products, without any lock-up period and without requiring qualified investor status." The company noted that the shares of this fund may be traded at prices higher or lower than their net asset value, and that liquidity may be limited.
Targeted configuration for OpenAI and Anthropic
OpenAI and Anthropic are both artificial intelligence companies, but neither of them are listed, which usually makes it difficult for ordinary investors to access them. MN is intended to bridge this gap: within the standard exchange trading structure, there are no requirements for qualified investors, nor are there lock-up periods for private equity funds. The fund plan aims to obtain exposure to these two companies through cash settlement of total return swaps, rather than directly purchasing stocks.
These private companies exchange and provide 1:1 exposures without any leverage multiplier. The initial pricing is based on perpetual futures contracts linked to related companies. The total exposure of OpenAI and Anthropic is limited to 15% of the fund's net assets at the time of investment, which is in line with the fund's liquidity risk management plan.
Fund Overview
Apart from the exposures denoted by OpenAI and Anthropic, the fund also seeks to achieve capital appreciation through investment. Under normal market conditions, the fund will invest at least 80% of its net assets in the stock securities of all six MANGOS companies, as well as in financial instruments that provide economic exposure to the equity value of these companies, including total return swaps.
This fund provides such exposure through a standard exchange trading structure, and investors can buy and sell shares through their brokerage accounts just as they would with other ETF. The annual total operating expense rate for MN is 0.20%.
About the companies covered by MN
The fund seeks to expose itself to six companies: Anthropic, a private AI security company that is also the developer of the Claude series AI models; OpenAI, a private ChatGPT and cutting-edge AI research and development firm; Meta Platforms (social media and virtual/augmented reality); NVIDIA (GPU and AI computing infrastructure); Alphabet / Google (search, cloud, and AI); as well as SpaceX (launch services, Starlink, and through its holdings in xAI and X, involving AI and social media). The portfolio weights are determined by active management, rather than replicating an index.
Transaction Arrangement
MN began trading on the Cboe BZX exchange on October 2, 2026, and can be purchased through brokerage accounts nationwide.
About Corgi Invest
Corgi Strategies and LLC are investment advisory firms established in 2025 and registered with the U.S. Securities and Exchange Commission (SEC). As of June 30, 2026, the companies managed assets totaling approximately $821 million. Corgi Invest focuses on creating actively managed exchange-traded funds (ETFs) aimed at enabling ordinary investors to access concentrated, high-confidence investment themes.
Media Contact
Corgi Invest
[ email protected ]Important Disclosure
Investors should carefully consider the fund's investment objectives, risks, fees, and expenses before making an investment. Relevant information is provided in the fund’s prospectus, which should be read thoroughly before investing. Shares are traded at market prices rather than net asset values, and cannot be redeemed individually by the fund.
Investment involves risks, including the potential loss of principal. Anthropic and OpenAI are private companies, and as such, there is significantly less public information available about them. The fund obtains exposure to these two companies through swap instruments, which entails counterparty, valuation, liquidity, and pricing risks. This includes reliance on the reference pricing of perpetual futures, which may differ substantially from the actual value of the companies. Moreover, this exposure is limited to within 15% of the net assets. The fund is not diversified, with investments concentrated in six companies and their related industries, which may make it more volatile than more broadly diversified funds. This is a newly established fund with no operating history. For a complete description of the main risks, please refer to the prospectus.
This press release does not constitute an offer to sell or an invitation to purchase fund shares, nor is it a prospectus. The registration statement of the fund (including the prospectus) has been submitted to the U.S. Securities and Exchange Commission:
https :// www.sec.gov / Archives / edgar / data /2078265/000207826526000415/ cik0002078265-2026 0929. htm. The shares are not insured by FDIC and may depreciate; there is also no bank guarantee.
This press release contains forward-looking statements regarding the fund and the companies it deals with. Actual results may differ significantly from those expressed or implied herein.
Corgi ETF Trust I. Distributed by Paralel Distributors LLC, a member of FINRA.
Definition
- Total return swap: The fund receives the returns and income from a certain investment, covers its losses, and typically pays the financing costs, but does not directly hold the contract of that investment.
- Private company swaps: Total return swaps linked to companies whose shares are not publicly traded.
- 1:1 exposure, no leverage: This swap is designed to reflect the gains and losses of the reference investment on a 1:1 basis, without magnifying profits or losses before considering fees and costs. The overall return of the fund may vary.
- Sustainable futures contracts: Contracts that do not have a fixed expiration date and help to maintain the price in line with the reference asset through regular payments between traders. Their price may differ from the actual value of the reference asset.
