MN ETF Seeks to Give Investors Access to OpenAI and Anthropic

SAN FRANCISCO, Oct. 5, 2026 /PRNewswire/ -- Corgi Invest today announced the launch of the MN (Corgi MANGOS ETF), an actively managed exchange-traded fund seeking to provide investors exposure to OpenAI and Anthropic, two private companies in artificial intelligence, alongside Meta Platforms, NVIDIA, Alphabet (Google), and SpaceX. MANGOS is an acronym formed from the first letter of each of the six companies' names.

"For years, exposure to OpenAI and Anthropic has been reserved for venture investors and insiders," said Jeff Weniger, Chief Investment Strategist, Corgi Invest. "MN puts that exposure inside a wrapper investors already know how to use a standard, exchange-traded fund, bought and sold like any other ETF, with no lockups and no accreditation requirement." Shares may trade at a premium or discount to NAV and may have limited liquidity.

Targeted Access to OpenAI and Anthropic

OpenAI and Anthropic are companies in AI, yet neither is publicly traded, ordinarily putting them out of reach for everyday investors. MN is designed to close that gap: within a standard, exchange-traded structure, with no accreditation requirement and no private-fund lockup, the Fund seeks exposure to both companies through cash-settled total return swaps1, rather than direct share purchases.

These private-company swaps2 provide one-for-one exposure, with no leveraged return multiplier3, and are initially priced with reference to perpetual futures contracts4 linked to the respective companies. Combined exposure to OpenAI and Anthropic is limited to 15% of the Fund's net assets at the time of investment, consistent with the Fund's liquidity risk
management program.

Fund Overview

Beyond its OpenAI and Anthropic exposure, the Fund seeks capital appreciation by investing, under normal market conditions, at least 80% of its net assets in equity securities of all six MANGOS companies and in financial instruments including total return swaps that provide economic exposure to those companies' equity value.

The Fund offers this exposure through a standard exchange-traded structure, investors can buy and sell shares through a brokerage account like any other ETF. MN carries a total annual operating expense ratio of 0.20%.

About the MN Companies

The Fund seeks to give exposure to six companies: Anthropic, a privately held AI safety company and developer of the Claude family of AI models; OpenAI, a privately held developer of ChatGPT and frontier AI research; Meta Platforms (social media and virtual/augmented reality); NVIDIA (GPUs and AI computing infrastructure); Alphabet/Google (search, cloud, and AI); and SpaceX (launch services, Starlink, and, through its ownership of xAI and X, AI and social media). Portfolio weightings are determined through active management rather than index replication.

Availability

MN began trading on Cboe BZX Exchange on October 2, 2026, and is available through brokerage accounts nationwide.

About Corgi Invest

Corgi Strategies, LLC is an SEC-registered investment adviser founded in 2025. As of June 30, 2026, the firm managed approximately $821 million in assets. Corgi Invest builds actively managed exchange-traded funds designed to give everyday investors access to concentrated, high-conviction themes.

Media Contact
Corgi Invest
[email protected]

Important Disclosures 

Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. This and other information is contained in the Fund's prospectus, which should be read carefully before investing. Shares are bought and sold at market price, not NAV, and are not individually redeemable from the Fund.

Investing involves risk, including possible loss of principal. Anthropic and OpenAI are privately held companies for which substantially less public information is available; the Fund's exposure to these companies through swaps involves counterparty, valuation, liquidity, and pricing risks, including reliance on perpetual futures reference pricing that may differ materially from the companies' actual value, and is limited to 15% of net assets. The Fund is non-diversified and concentrates its investments in six companies and the related industries in which they operate, which may make the Fund more volatile than a more broadly diversified fund. The Fund is newly organized and has no operating history. See the prospectus for a complete description of principal risks.

This press release is not an offer to sell or a solicitation of an offer to buy shares of the Fund, and is not a prospectus. The Fund's registration statement, including its prospectus, has been filed with the SEC:
https://www.sec.gov/Archives/edgar/data/2078265/000207826526000415/cik0002078265-2026 0929.htm. Shares are not FDIC-insured, may lose value, and have no bank guarantee.

This release contains forward-looking statements regarding the Fund and the companies to which it has exposure. Actual results may differ materially from those expressed or implied.

Corgi ETF Trust I. Distributed by Paralel Distributors LLC, member FINRA.

Definitions

1. Total return swaps: Contracts under which the Fund receives an investment's gains and income, pays its losses and typically pays financing costs, without owning the investment directly.

2. Private-company swaps: Total return swaps linked to companies whose shares are not publicly traded.

3. One-for-one exposure, with no leveraged return multiplier: The swap is designed to reflect the referenced investment's gains or losses at a 1:1 rate, before fees and costs, without magnifying them. The Fund's overall return may differ.

4. Perpetual futures contracts: Contracts with no fixed expiration date that use periodic payments between traders to help keep their prices aligned with a referenced asset. Their prices may differ from its actual value.

SOURCE Corgi Strategies, LLC