{
 "ticker": "XA",
 "name": "Corgi AI Cybersecurity ETF",
 "issuer": "Corgi",
 "desk": "themes",
 "url": "https://etfiq.com/funds/XA",
 "html": "https://etfiq.com/funds/XA",
 "markdown": "https://etfiq.com/funds/XA.md",
 "as_of": "2026-09-11",
 "verdict": "XA holds 25 stocks, and 49% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "50.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XA, already in the S&P 500: 50.7%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XA, active share vs the S&P 500: 98.9%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "64.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XA, top ten holdings: 64.9%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+46.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XA, total return, since launch: +46.8%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "XA, net assets: $3m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "XA, expense ratio: 0.35% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Artificial intelligence",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 6, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "50.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.9%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "41.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "97.3%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "64.9%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "25",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Palo Alto Networks Inc 14.0%, Crowdstrike Holdings Inc 11.0%, Datadog Inc 6.9%, Fortinet Inc 6.1%, Okta Inc 6.0%, F5 Inc 4.6%, Rubrik Inc 4.2%, Akamai Technologies Inc 4.1%, Cloudflare Inc 4.1%, Gen Digital Inc 3.9%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22129.6%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.35%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WCBR 73%, BUG 65%, SPAM 60%, HACK 60%, PSWD 58%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+16.9%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+13.6 pts",
   "Gap to Nasdaq-100": "+17.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+46.8%",
   "S&P 500": "+4.4%",
   "Gap to S&P 500": "+42.3 pts",
   "Gap to Nasdaq-100": "+43.9 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of XA is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 51% of XA by weight is stocks the S&P 500 already holds. Its active share against the index is 99%, so that share is the part doing something different."
  },
  {
   "q": "What does XA hold?",
   "a": "25 positions as filed for Jun 30, 2026, with the top ten at 65% of the fund. The largest are Palo Alto Networks Inc at 14.0%, Crowdstrike Holdings Inc at 11.0%, Datadog Inc at 6.9%."
  },
  {
   "q": "Has XA beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 XA returned +46.8% with distributions reinvested, against +4.4% for the S&P 500, so it finished ahead of the index by 42.3 points."
  },
  {
   "q": "What does XA cost?",
   "a": "The prospectus expense ratio is 0.35% a year. Because 99% of the fund differs from the S&P 500, the fee on that differing part works out at 0.35%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}