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
10/7/2025 30.5034 30.5074 0.0131
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.002956 725,000 22,117,865.00

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Fund Performance

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NAV % Market %
ROLLING
1 Month -0.33 -0.25
3 Month 2.16 2.15
YTD 6.3 6.06
SINCE
INCEPTION
Daily (as of 10/7/2025) 22.01 22.03
Monthly (as of 9/30/2025) 21.99 22.22
Quarterly (as of 9/30/2025) 21.99 22.22
HISTORIC
Last Month (as of 9/8/2025) Field not found in data. Field not found in data.
Last Quarter (as of 9/30/2025) 2.2 2.4
Last Year (as of 12/31/2024) 8.17 8.62

* 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.

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 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Premium 40 50 26 18 7 17 6 10 7 20 37
Discount 22 12 35 45 53 46 57 51 53 40 26

Fund Holdings

Fund holdings are subject to change without notice. Holdings are as of market close on 10/7/2025

ETF TickerDescriptionTickerWeightMarket ValueFIGIShares Held
KONGADOBE SYSTEMS INCADBE2.61%576,801.36BBG000BB50061,656.00
KONGALPHABET INC-CL CGOOG4.93%1,089,349.04BBG009S3NB304,408.00
KONGAMDOCS LTDDOX2.82%623,836.98BBG000C3MXG57,569.00
KONGAUTOMATIC DATA PROCESSINGADP2.21%488,916.86BBG000JG05471,669.00
KONGCASH AND CASH EQUIVALENTS1.70%375,205.58375,205.58
KONGCHEMED CORPCHE2.62%579,550.32BBG000C19QW11,329.00
KONGCOGNIZANT TECH SOLUTIONS-ACTSH2.02%446,229.92BBG000BBDV816,568.00
KONGCONTRA ABIOMED INC COMMON STOCK0.00%0.00BBG01F3NM7X51,065.00
KONGCOTERRA ENERCOTERRA ENERGCTRA2.27%502,104.57BBG000C3GN4720,469.00
KONGCTRA US 11/21/25 C26-0.01%-3,200.00-50.00
KONGEMCOR Group Inc.EME2.94%650,868.36BBG000BBRPL4967.00
KONGERIE INDEMNITY COMPANY-CL AERIE2.07%458,033.94BBG000BBTJZ11,434.00
KONGF5 IncFFIV2.98%658,873.92BBG000CXYSZ61,992.00
KONGFAST US 11/21/25 C52.5-0.01%-1,400.00-40.00
KONGFASTENAL COFAST3.63%802,759.10BBG000BJ8YN716,918.00
KONGGAMING AND LEISURE PROPERTIEGLPI2.77%612,255.76BBG003MSMCS613,336.00
KONGGENTEX CORPGNTX2.06%456,092.01BBG000BKJ09217,127.00
KONGGLPI US 11/21/25 C500.00%-700.00-35.00
KONGGOOG US 10/17/25 C250-0.04%-8,160.00-20.00
KONGGOOG US 11/21/25 C285-0.01%-2,890.00-10.00
KONGGRACO INCGGG2.75%607,505.34BBG000BK9W847,279.00
KONGIBKR US 11/21/25 C80-0.01%-2,375.00-25.00
KONGINTERACTIVE BROKERS GRO-CL AIBKR4.17%921,245.40BBG000LV083613,284.00
KONGINTUIT INCINTU2.76%611,272.71BBG000BH5DV1929.00
KONGJACK HENRYJKHY2.43%537,040.02BBG000BMH2Q73,589.00
KONGJOHNSON & JOHNSONJNJ3.37%745,171.05BBG000BMHYD13,945.00
KONGMarketAxess Holdings Inc.MKTX2.25%498,198.82BBG000BJBZ232,963.00
KONGMETA PLATFORMS INCMETA3.91%864,966.04BBG000MM2P621,213.00
KONGMICROSOFT CORPMSFT4.28%946,307.88BBG000BPH4591,806.00
KONGMONSTER BEVERAGE CORPMNST2.87%634,817.25BBG008NVB1C09,315.00
KONGNVDA US 10/17/25 C202.50.00%-320.00-8.00
KONGNVIDIA CORPNVDA3.97%878,754.96BBG000BBJQV04,749.00
KONGPUBLIC STORAGEPSA2.84%626,980.08BBG000BPPN672,136.00
KONGPULTEGROUP INCPHM2.90%642,168.00BBG000BR54L04,955.00
KONGREGENERON PHARMACEUTICALSREGN2.84%628,149.48BBG000C734W31,077.00
KONGREGN US 11/21/25 C7250.00%-855.00-2.00
KONGRELIANCE STEEL & ALUMINUMRS2.62%578,527.09BBG000CJ21812,063.00
KONGS&P GLOBAL INCSPGI2.95%652,053.10BBG000BP1Q111,355.00
KONGSERVICENOW INCNOW1.44%317,388.24BBG000M1R011351.00
KONGSNAP-ON INCSNA3.00%664,248.48BBG000BT7JW91,972.00
KONGSPY US 10/17/25 P600-0.03%-6,600.00-300.00
KONGSPY US 10/17/25 P615-0.02%-4,250.00-125.00
KONGSPY US 10/17/25 P6200.03%5,850.00150.00
KONGSPY US 10/17/25 P6300.07%14,850.00275.00
KONGSYNOPSYS INCSNPS2.07%457,283.31BBG000BSFRF3957.00
KONGTEXAS PACIFIC LAND TRUSTTPL2.64%584,402.49BBG00YRJXKB1609.00
KONGUnited Therapeutics Corp.UTHR4.26%941,090.40BBG000BV4XJ12,060.00
KONGUTHR US 10/17/25 C430-0.14%-30,400.00-10.00
KONGVERTEX PHARMACEUTICALS INCVRTX2.24%494,797.68BBG000C1S2X21,206.00