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Thematic ETF · Intellectual Property Monetization

Corgi IP Licensing & Royalties ETF

PTNT

Actively managed exposure to companies that derive revenue primarily from intellectual property (IP) licensing and royalties. PTNT targets the licensors: wireless patent holders collecting per-device royalties, pharmaceutical royalty aggregators, precious metals streaming companies (firms that finance mines in exchange for a share of future production), and semiconductor architecture designers licensing core processor designs.

0.35% Expense RatioCboe30 HoldingsInception 05/05/2026
Market Price · 2026-07-03
$26.04
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Why Invest?
01
92.00% Intangible Value
Intangible assets now represent 92.00% of S&P 500 market capitalization, up from 17.00% in 1975. (Ocean Tomo, 2025)
02
3.7 Million Patent Filings
Global patent applications hit a record 3.7 million in 2024, growing 4.90% year-over-year, the fastest pace since 2018. (World Intellectual Property Organization, 2025)
03
Cross-Sector Royalty Access
Combines technology patent licensors, pharma royalty aggregators, precious metals streaming companies, and content licensors in a single ETF.
04
Active IP Cycle Navigation
Active management rebalances across IP subsectors as litigation outcomes, standards deployments, and patent expiry schedules reshape the royalty landscape.
Net Asset Valueas of Jul 3, 2026
$26.05
Expense Ratio
0.35%
Assets Under Managementas of Jul 3, 2026
$1.17M
Base Currency
U.S. Dollar
Premium / Discount
-0.07%
Distribution
Annual
Performance
NAV vs Market Price · Since Inception
Performance information will be available after the Fund has completed one full calendar quarter of operations.
Premium / Discount
Quarterly Data · Since Inception
Premium / discount history will appear here once available.
QuarterDays at NAVDays at PremiumDays at DiscountP/D +/- 2%
Current Quarter————
The above table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current. The Fund is newly organized and has no performance history. Performance data will be available after the Fund has completed a sufficient period of operations. Past performance does not guarantee future results.
Holdings
Top 0 of 30 total (subject to change) · As of Jul 3, 2026
#CompanyWeightMarket ValueWgt %CUSIP
Top 10 = 0.00% of fund · 30 total holdings (subject to change)

Fund Facts

TickerPTNT
Expense Ratio0.35%
Assets Under Management(as of Jul 3, 2026)$1.17M
Base CurrencyUSD
Last Closing Price(as of Jul 3, 2026)$26.04
NAV(as of Jul 3, 2026)$26.05
Premium / Discount-0.07%
30-Day Median Bid/Ask Spread—
SEC 30-Day YieldTBD
Distribution FrequencyAnnual
ExchangeCboe
Management StyleActive
CUSIP218946 648
Inception Date05/05/2026
AdviserCorgi Strategies, LLC
DistributorParalel Distributors LLC
CustodianU.S. Bank N.A.
AdministratorU.S. Bancorp Fund Services
Transfer AgentU.S. Bancorp Fund Services
AuditorTait Weller

Documents

PDF
Prospectus
2026-02-01
↓
PDF
Fact Sheet
↓
PDF
SAI
2026-02-01
↓
CSV
Daily Holdings
↓
PDF
Annual Report
↓
PDF
Summary Prospectus
↓

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Disclosures

Investment Objective. The Corgi IP Licensing & Royalties ETF seeks capital appreciation.

Investors should consider the investment objectives, risks, charges, and expenses of each Fund carefully before investing. This and other important information is contained in the prospectus for each Fund, which can be obtained without charge from corgifunds.com or from the SEC at www.sec.gov. Read the applicable prospectus carefully before investing.

The Fund is newly organized and has limited operating history. There can be no assurance that the Fund will grow to or maintain an economically viable size. It may take time for the Fund to attract sufficient assets and for an active secondary market for its shares to develop or be sustained, which could result in wider bid-ask spreads, increased trading costs, or trading at a premium or discount to net asset value.

The information on this site is for informational purposes only and does not constitute investment, tax, or legal advice. Please consult your own investment, tax, and legal professionals regarding your specific situation.

The Funds’ shares are listed for trading on Cboe BZX Exchange, Inc. (the “Exchange”). The Funds are not sponsored, endorsed, sold, or promoted by the Exchange. The Exchange makes no representation regarding the advisability of investing in any Fund and is not responsible for, nor has it participated in, the determination of the timing of, prices of, or quantities of Fund shares to be issued or in the determination or calculation of the equation by which shares of any Fund are redeemable. The Exchange has no obligation or liability in connection with the administration, marketing, or trading of Fund shares.

Corgi IP Licensing & Royalties ETF Risk. The Corgi IP Licensing & Royalties ETF is subject to the investment risks associated with companies that derive a material portion of their revenue from intellectual property licensing, patent royalties, brand and content franchising, standards-essential patent licensing, pharmaceutical royalty interests, precious metals streaming and royalty agreements, and other IP monetization models. Because the Fund concentrates in IP-driven businesses, its performance will depend to a greater extent on patent validity challenges, litigation outcomes, changes to patent law and IP frameworks, standards adoption timelines, licensee financial health, the commercial relevance of underlying patents and copyrights, pharmaceutical patent expiry schedules, commodity prices affecting mineral royalty values, and regulatory developments affecting licensing practices. Royalty and streaming businesses may have limited control over the operations of their licensees or counterparties. Companies holding standards-essential patents may face regulatory pressure to license on fair, reasonable, and non-discriminatory (FRAND) terms that constrain pricing power. Pharmaceutical royalty companies are exposed to drug approval failures, generic competition, and patent challenges. Precious metals streaming and royalty companies are exposed to commodity price volatility, mine operational risk, and counterparty credit risk. The Fund is non-diversified and may invest a greater percentage of its assets in a limited number of issuers, increasing issuer-specific risk. Please see the Fund’s prospectus for a more complete discussion of these and other risks.

In addition, the fund is subject to general equity market volatility and may experience amplified fluctuation due to its industry concentration.

Investing involves risk, including possible loss of principal. There is no guarantee that any investment strategy or any Fund will achieve its objectives. Shares of the Funds are bought and sold on an exchange at market price and are not individually redeemable from the Funds. Market price will fluctuate, sometimes materially, and may be higher or lower than net asset value (“NAV”). Brokerage commissions, bid-ask spreads and other trading costs will reduce returns. Performance data represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Premium/discount data shows the relationship between the market price of a Fund’s shares and that Fund’s NAV. Historical premium/discount data may not be indicative of future premium/discount levels.

The Fund issues and redeems shares only in large blocks called “Creation Units” at NAV next determined after an order is accepted. Only authorized participants (“APs”) may transact in Creation Units directly with the Fund. Investors should contact their broker or financial intermediary to place trades.

This site is intended only for investors resident in the United States. Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security in any jurisdiction where such offer or solicitation would be unlawful.

Corgi ETF Trust I. Investment adviser: Corgi Strategies, LLC. Distributor: Paralel Distributors LLC. Member Firm. Paralel is unaffiliated with Corgi Strategies, LLC, The Corgi Company. © 2026 Corgi Strategies, LLC. All rights reserved.