Corgi 3-7 Year Treasury Bond ETF (CIEI)

On our desk, we are closely tracking the launch of the Corgi 3-7 Year Treasury Bond ETF (CIEI) by Corgi Funds in 2026. With total assets sitting at roughly $3 million and an expense ratio of just 0.05%, it presents a compelling low-cost structure for targeting the intermediate sector of US Treasuries. Although the fund is brand new with a manager tenure of only 0.2 years, its July 2026 return of -0.5% earned it an A grade relative to the Intermediate Government category average of -1.0%. Market participants should weigh these lean operational metrics against its nascent liquidity profile.

Looking at the structural design of CIEI, its 0% portfolio turnover rate stands out dramatically when compared to the Intermediate Government category average of 252%. By strictly tracking the FTSE US Treasury 3-7 Years TR USD index with 99.57% in Treasuries and minor cash allocations, the fund minimizes transaction drag. The maturity breakdown heavily favors the 3-5 year bracket at 60.68%, with the remainder in 5-7 years. Fixed-income investors must remain mindful of standard macro risks, however, including interest-rate volatility and evolving central bank policy divergence between the Federal Reserve and the Bank of Canada throughout 2026.