KONG
We believe an active approach may be an efficient way to provide exposure to mid, and large-cap stocks.
Why KONG?
Active
Driven by our research process, not a passive index.
Analytical
Research seeks to identify quality companies with capital discipline and lower market volatility.
Adaptable
Hedging strategies seek to help protect against significant market declines.
KONG – Fund Details
| Inception Date | Management Style | CUSIP: | Total Gross Expense Ratio |
| 7/21/2021 | Active | 26923N504 | 0.89 |
| Asset Class | Exchange | Advisor |
| Equity | NYSE Arca, Inc. | Formidable Asset Management |
| As of Date | NAV($) | Market Price($) | Premium/Discount |
| 5/2/2024 | 26.4034 | 26.3802 | -0.0879 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.004194 | 975,000 | 25,720,695.00 |
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Fund Performance
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Click here to view Fund Details and Performance.
| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | -3.77 | -3.81 |
| 3 Month | 0.6 | 0.5 |
| YTD | -0.18 | -0.19 |
| SINCE INCEPTION |
||
| Daily (as of 5/2/2024) | 5.61 | 5.52 |
| Monthly (as of 4/30/2024) | 4.59 | 4.51 |
| Quarterly (as of 3/28/2024) | 10.66 | 10.79 |
| HISTORIC | ||
| Last Month (as of 4/3/2024) | -4.97 | -5.02 |
| Last Quarter (as of 3/28/2024) | 4.29 | 4.6 |
| Last Year (as of 12/29/2023) | 12.19 | 12 |
* Inception dates used for calculations since ETF launched in 2021.
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. The gross expense ratio is [etfinfo etf=”KONG” aum=”NO” expratio=”YES”].
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. See the details section for the gross expense ratio.
Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
Fund Objectives
The Fund seeks capital appreciation by investing primarily in equity securities.
Fund Documents
Premium Discount
Premium – The number of trading days the ETF’s closing price exceeds its NAV.
Discount – The number of trading days the ETF’s closing price is below its NAV.
| Number of Days At |
2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|
| Premium | 40 | 50 | 26 | 18 | 7 |
| Discount | 22 | 12 | 35 | 45 | 53 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 5/2/2024
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| KONG | ADM US 05/10/24 C69 | 0.00% | -825.00 | BBG01M6H7P03 | -55.00 | |
| KONG | ADP US 05/31/24 C270 | 0.00% | -600.00 | BBG01MCMJWS7 | -8.00 | |
| KONG | AMDOCS LTD | DOX | 2.87% | 740,130.36 | BBG000C3MXG5 | 8,849.00 |
| KONG | ARCHER-DANIELS-MIDLAND CO | ADM | 3.80% | 979,927.85 | BBG000BB6WG8 | 16,511.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 3.07% | 790,227.95 | BBG000JG0547 | 3,265.00 |
| KONG | CAMDEN PROPERTY TRUST | CPT | 3.43% | 883,859.76 | BBG000BB0V03 | 8,792.00 |
| KONG | CASH AND CASH EQUIVALENTS | 3.12% | 803,670.20 | 803,670.20 | ||
| KONG | CHEMED CORP | CHE | 3.46% | 890,962.80 | BBG000C19QW1 | 1,592.00 |
| KONG | CISCO SYSTEMS INC | CSCO | 3.13% | 805,536.64 | BBG000C3J3C9 | 17,216.00 |
| KONG | COGNIZANT TECH SOLUTIONS-A | CTSH | 2.79% | 718,499.34 | BBG000BBDV81 | 10,842.00 |
| KONG | CONTRA ABIOMED INC COMMON STOCK | 0.00% | 0.00 | 1,065.00 | ||
| KONG | COTERRA ENERCOTERRA ENERG | CTRA | 3.06% | 788,101.72 | BBG000C3GN47 | 29,017.00 |
| KONG | CSCO US 06/07/24 C51 | -0.01% | -1,750.00 | -50.00 | ||
| KONG | CTRA US 05/17/24 C31 | 0.00% | -1,000.00 | BBG01LZ5DX32 | -100.00 | |
| KONG | CTSH US 05/17/24 C75 | 0.00% | -300.00 | BBG01LZ5G2C7 | -30.00 | |
| KONG | EMCOR Group Inc. | EME | 4.06% | 1,046,423.73 | BBG000BBRPL4 | 2,937.00 |
| KONG | EME US 05/17/24 C370 | -0.01% | -3,100.00 | BBG01LT5KHH1 | -10.00 | |
| KONG | ERIE INDEMNITY COMPANY-CL A | ERIE | 2.00% | 515,049.72 | BBG000BBTJZ1 | 1,338.00 |
| KONG | ERIE US 05/17/24 C410 | 0.00% | -1,000.00 | BBG01LZB61D6 | -4.00 | |
| KONG | FAST US 05/17/24 C85 | 0.00% | -125.00 | BBG01L3LW499 | -25.00 | |
| KONG | FASTENAL CO | FAST | 2.31% | 594,902.33 | BBG000BJ8YN7 | 8,737.00 |
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 2.82% | 727,276.50 | BBG003MSMCS6 | 16,719.00 |
| KONG | GENTEX CORP | GNTX | 3.65% | 939,052.82 | BBG000BKJ092 | 27,514.00 |
| KONG | GGG US 05/17/24 C100 | -0.01% | -2,250.00 | BBG01JBM9060 | -30.00 | |
| KONG | GNTX US 05/17/24 C37.5 | 0.00% | -1,200.00 | BBG01LZGVNN8 | -60.00 | |
| KONG | GRACO INC | GGG | 3.25% | 837,094.86 | BBG000BK9W84 | 10,346.00 |
| KONG | IBKR US 05/17/24 C130 | 0.00% | -600.00 | BBG01LZKVXY5 | -20.00 | |
| KONG | INTERACTIVE BROKERS GRO-CL A | IBKR | 3.21% | 827,099.20 | BBG000LV0836 | 6,904.00 |
| KONG | JACK HENRY | JKHY | 3.13% | 805,074.54 | BBG000BMH2Q7 | 4,954.00 |
| KONG | JOHNSON & JOHNSON | JNJ | 3.15% | 812,716.32 | BBG000BMHYD1 | 5,421.00 |
| KONG | MarketAxess Holdings Inc. | MKTX | 2.59% | 667,929.28 | BBG000BJBZ23 | 3,194.00 |
| KONG | MKTX US 06/21/24 C230 | -0.02% | -4,600.00 | -10.00 | ||
| KONG | MNST US 05/17/24 C62.5 | 0.00% | -280.00 | BBG01LZVN4Q3 | -40.00 | |
| KONG | MONSTER BEVERAGE CORP | MNST | 2.88% | 741,373.54 | BBG008NVB1C0 | 13,886.00 |
| KONG | NORDSON CORP | NDSN | 3.35% | 861,984.00 | BBG000BPWGR1 | 3,280.00 |
| KONG | PSA US 05/17/24 C310 | 0.00% | -25.00 | BBG01M02HC00 | -5.00 | |
| KONG | PUBLIC STORAGE | PSA | 2.94% | 757,215.17 | BBG000BPPN67 | 2,869.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 2.72% | 699,457.06 | BBG000C734W3 | 746.00 |
| KONG | REGN US 05/17/24 C1080 | 0.00% | -412.00 | BBG01JDBSJL3 | -2.00 | |
| KONG | RELIANCE STEEL & ALUMINUM | RS | 3.04% | 782,908.96 | BBG000CJ2181 | 2,693.00 |
| KONG | RHI US 05/17/24 C80 | 0.00% | -150.00 | BBG01M04CNC4 | -30.00 | |
| KONG | ROBERT HALF INTL INC | RHI | 2.83% | 728,433.02 | BBG000BS5DR2 | 10,469.00 |
| KONG | RS US 05/17/24 C350 | 0.00% | -150.00 | BBG01M055JW6 | -6.00 | |
| KONG | S&P GLOBAL INC | SPGI | 3.22% | 829,333.44 | BBG000BP1Q11 | 1,989.00 |
| KONG | SNAP-ON INC | SNA | 2.20% | 567,632.49 | BBG000BT7JW9 | 2,127.00 |
| KONG | SPGI US 05/31/24 C460 | 0.00% | -800.00 | BBG01MD42Q34 | -5.00 | |
| KONG | SPY US 05/17/24 P470 | -0.03% | -6,875.00 | BBG01KYHHXX2 | -275.00 | |
| KONG | SPY US 05/17/24 P475 | -0.01% | -2,475.00 | BBG01KYHJ3T1 | -75.00 | |
| KONG | SPY US 05/17/24 P485 | 0.05% | 14,000.00 | BBG01KYHJHK9 | 175.00 | |
| KONG | SPY US 05/17/24 P490 | 0.04% | 9,825.00 | BBG01KYHJPD9 | 75.00 | |
| KONG | SPY US 05/17/24 P500 | 0.13% | 34,300.00 | BBG01KYHK248 | 100.00 | |
| KONG | SPY US 05/24/24 P480 | -0.02% | -6,375.00 | -75.00 | ||
| KONG | SPY US 05/24/24 P495 | 0.09% | 21,975.00 | 75.00 | ||
| KONG | TEXAS PACIFIC LAND TRUST | TPL | 3.60% | 926,651.04 | BBG00YRJXKB1 | 1,659.00 |
| KONG | TREASURY BILL | B 0 10/03/24 | 5.22% | 1,344,928.74 | BBG01JKVKF19 | 1,375,000.00 |
| KONG | United Therapeutics Corp. | UTHR | 3.37% | 869,381.84 | BBG000BV4XJ1 | 3,368.00 |
| KONG | UTHR US 05/17/24 C260 | -0.02% | -5,200.00 | BBG01JCM6KG7 | -10.00 | |
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 2.63% | 676,670.56 | BBG000C1S2X2 | 1,691.00 |
| KONG | VRTX US 05/31/24 C450 | 0.00% | -262.50 | BBG01MD764R6 | -5.00 | |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 2.96% | 761,606.82 | BBG000BX24N8 | 2,067.00 |
| KONG | WST US 05/17/24 C420 | 0.00% | -540.00 | BBG01M0LG8R9 | -6.00 |