Just days after SpaceX completed a record $75 billion initial public offering, two asset managers disclosed plans to offer exchange-traded funds tied to the newly popular Wall Street acronym "MANGOS." The filings, submitted late on Monday to the U.S. Securities and Exchange Commission, were made by Yorkville America - the manager behind the Truth Social ETF franchise - and by ETF newcomer Corgi Securities.
The "MANGOS" label emerged on X and other social platforms as a shorthand grouping for four public companies - Meta Platforms, Nvidia, Alphabet’s Google and SpaceX - together with two private AI firms, Anthropic and OpenAI. Each of the six named companies has substantial exposure to artificial intelligence, and the phrase seeks to provide investors and speculators with a compact way to view market-leading growth firms concentrated in AI investments.
Yorkville’s filing outlines a fund called the Mango Plus ETF and a variant designed to produce additional income for investors. In those documents the firm said it would construct a portfolio composed of some mix of the core MANGOS constituents alongside seven additional firms that Yorkville believes stand to benefit from AI adoption. Among those seven, Yorkville specifically named Micron and SanDisk and described them collectively as the "Parabolic 7."
Corgi Securities’ filing, by contrast, indicates the firm intends to invest exclusively in the six core MANGOS stocks. Ed Rumell, Corgi’s head of ETF distribution, declined to comment on the firm’s plans, citing Securities and Exchange Commission restrictions on discussing an active filing. Yorkville did not respond to requests for comment.
Analysts watching the ETF market characterized the filings as another example of rapid concept-driven product launches within the industry. Dan Sotiroff of Morningstar said: "This tells you just how rapidly the product development cycle is moving in the ETF industry right now." He added: "This is going to be even more concentrated than the Magnificent 7, and just as important, it’s going to be heavily exposed to the big IPOs of the year."
Both Yorkville’s and Corgi’s proposed funds could begin trading by the end of August if they receive SEC clearance and comply with the timing rules that govern new ETF launches, according to the filing timelines outlined with the regulator.
Context and market focus
These filings highlight two distinct approaches to packaging AI exposure for investors: one that pairs a tight cluster of market-leading AI companies with a broader set of hardware and supplier names that may benefit indirectly from AI growth, and another that concentrates solely on the core group that spawned the social-media label. The listed companies and suppliers referenced in the filings indicate attention to both software and hardware elements of AI deployment.
Regulatory and market process notes
Public comment and SEC review periods apply to both filings. Company representatives either declined to comment or did not respond while the submission process is active. Until the SEC completes its review, the funds remain proposed products subject to any regulatory or procedural changes that could affect their structure or timing.