Corgi International Developed Equities 15% Structured Buffer ETF - May Ser IDMY Strategy

The investment seeks to provide investors with returns that generally match the price return (excluding dividends) of the iShares MSCI EAFE ETF, up to the upside cap of [ ]% while providing a buffer against the first 15% (prior to taking into account management fees and other fees) of iShares MSCI EAFE ETF losses, over the period from May 1, 2026 to April 30, 2027. Under normal circumstances, the fund will invest at least 80% of its net assets in investments that provide exposure to iShares MSCI EAFE ETF, consistent with the fund's policy adopted pursuant to rule 35d-1 under the Investment Company Act of 1940, as amended. It is non-diversified.