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 | Cboe BZX Exchange, Inc. | Formidable Asset Management |
| As of Date | NAV($) | Market Price($) | Premium/Discount |
| 8/26/2026 | 33.2825 | 33.06 | -0.6685 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.015281 | 700,000 | 23,142,000.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 6.12 | 5.43 |
| 3 Month | 7.12 | 6.32 |
| YTD | 9.18 | 8.25 |
| SINCE INCEPTION |
||
| Daily (as of 8/26/2026) | 33.13 | 32.24 |
| Monthly (as of 7/31/2026) | 27.73 | 27.54 |
| Quarterly (as of 6/30/2026) | 24.2 | 24.03 |
| HISTORIC | ||
| Last Month (as of 7/27/2026) | 1.58 | 1.42 |
| Last Quarter (as of 6/30/2026) | 5.2 | 5 |
| Last Year (as of 12/31/2025) | 6.03 | 6.3 |
* 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
- Fact Sheet
- Prospectus
- Summary Prospectus
- Premium Discount Chart
- CY 2025 Premium Discount Chart
- Semi-Annual Tailored Shareholder Report
- Annual Tailored Shareholder Report
- Form N-PX – June, 2025
- First Quarter Holdings
- Third Quarter Holdings
- Statement of Additional Information dated July 31, 2026
- Semi-Annual Financial Statements & Other Information
- Annual Financial Statements and Other Information
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 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Premium | 7 | 17 | 6 | 10 | 7 | 20 | 37 | 56 | 47 | 27 |
| Discount | 53 | 46 | 57 | 51 | 53 | 40 | 26 | 9 | 13 | 35 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 8/26/2026
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| KONG | ADBE US 09/18/26 C320 | 0.00% | -975.00 | -3.00 | ||
| KONG | ADOBE SYSTEMS INC | ADBE | 1.82% | 424,972.38 | BBG000BB5006 | 1,554.00 |
| KONG | ALPHABET INC-CL C | GOOG | 2.61% | 608,345.40 | BBG009S3NB30 | 1,794.00 |
| KONG | ANET US 09/18/26 C215 | -0.01% | -3,180.00 | -6.00 | ||
| KONG | ANET US 09/18/26 C250 | 0.00% | -300.00 | -5.00 | ||
| KONG | ARISTA NETWORKS INC | ANET | 3.16% | 737,201.25 | BBG01QQZBFH1 | 3,645.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 1.95% | 453,600.68 | BBG000JG0547 | 1,612.00 |
| KONG | CASH AND CASH EQUIVALENTS | 5.10% | 1,187,751.54 | 1,187,751.54 | ||
| KONG | CBOE HOLDINGS INC | CBOE | 3.00% | 699,427.45 | BBG000QH56C1 | 2,263.00 |
| KONG | CHEMED CORP | CHE | 3.02% | 704,351.04 | BBG000C19QW1 | 1,284.00 |
| KONG | Comfort Systems USA Inc. | FIX | 2.23% | 520,252.18 | BBG000BWN2Y9 | 322.00 |
| KONG | CONTRA ABIOMED INC COMMON STOCK | 0.00% | 0.00 | BBG01F3NM7X5 | 1,065.00 | |
| KONG | EMCOR Group Inc. | EME | 3.06% | 713,193.06 | BBG000BBRPL4 | 934.00 |
| KONG | EME US 09/18/26 C930 | -0.01% | -1,335.00 | -3.00 | ||
| KONG | EME US 09/18/26 C950 | 0.00% | -435.00 | -1.00 | ||
| KONG | F5 Inc | FFIV | 3.77% | 878,698.41 | BBG000CXYSZ6 | 2,199.00 |
| KONG | FASTENAL CO | FAST | 4.15% | 966,428.10 | BBG000BJ8YN7 | 18,894.00 |
| KONG | FFIV US 09/18/26 C420 | -0.02% | -4,320.00 | -6.00 | ||
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 2.35% | 548,173.89 | BBG003MSMCS6 | 12,877.00 |
| KONG | GE VERNOVA LLC | GEV | 2.09% | 487,982.08 | BBG013G17W31 | 512.00 |
| KONG | GRACO INC | GGG | 2.40% | 559,428.80 | BBG000BK9W84 | 7,028.00 |
| KONG | IBKR US 09/18/26 C105 | -0.01% | -2,300.00 | -25.00 | ||
| KONG | INTERACTIVE BROKERS GRO-CL A | IBKR | 3.68% | 856,298.52 | BBG000LV0836 | 8,826.00 |
| KONG | JACK HENRY | JKHY | 2.56% | 597,503.74 | BBG000BMH2Q7 | 3,466.00 |
| KONG | META PLATFORMS INC | META | 2.56% | 596,304.90 | BBG000MM2P62 | 1,035.00 |
| KONG | META US 09/18/26 C660 | 0.00% | -687.00 | -3.00 | ||
| KONG | MICROSOFT CORP | MSFT | 5.92% | 1,379,412.23 | BBG000BPH459 | 2,779.00 |
| KONG | Mobility Global Inc | MBGL-W | 0.12% | 26,899.95 | BBG022G54330 | 1,309.00 |
| KONG | MONOLITHIC POWER SYSTEMS INC | MPWR | 2.31% | 538,502.44 | BBG000C30L48 | 413.00 |
| KONG | MONSTER BEVERAGE CORP | MNST | 2.05% | 477,526.28 | BBG008NVB1C0 | 9,988.00 |
| KONG | NEUROCRINE BIOSCIENCES INC | NBIX | 2.03% | 473,058.39 | BBG000GJS7C1 | 3,021.00 |
| KONG | NEWMONT GOLDCORP CORPORATION COM | NEM | 2.44% | 567,459.20 | BBG000BPWXK1 | 4,312.00 |
| KONG | NOW US 09/18/26 C152 | -0.01% | -2,673.00 | -33.00 | ||
| KONG | NVDA US 09/18/26 C260 | 0.00% | -473.00 | -11.00 | ||
| KONG | NVIDIA CORP | NVDA | 3.48% | 811,174.54 | BBG000BBJQV0 | 3,869.00 |
| KONG | PHM US 09/18/26 C142 | -0.01% | -1,505.00 | -14.00 | ||
| KONG | PULTEGROUP INC | PHM | 2.67% | 622,193.55 | BBG000BR54L0 | 4,785.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 2.26% | 527,169.13 | BBG000C734W3 | 647.00 |
| KONG | S&P GLOBAL INC | SPGI | 2.45% | 571,365.41 | BBG000BP1Q11 | 1,309.00 |
| KONG | SERVICENOW INC | NOW | 5.95% | 1,386,945.00 | BBG000M1R011 | 11,025.00 |
| KONG | SHARKNINJA HONG KONG CO LTD | SN | 2.74% | 638,430.30 | BBG01HBCT4Q4 | 3,386.00 |
| KONG | SNAP-ON INC | SNA | 3.25% | 756,801.92 | BBG000BT7JW9 | 1,904.00 |
| KONG | SNPS US 09/18/26 C480 | -0.01% | -2,850.00 | -5.00 | ||
| KONG | SPY US 09/11/26 P730 | -0.02% | -4,800.00 | -50.00 | ||
| KONG | SPY US 09/11/26 P745 | 0.04% | 10,000.00 | 50.00 | ||
| KONG | SPY US 09/18/26 P720 | -0.06% | -14,300.00 | -100.00 | ||
| KONG | SPY US 09/18/26 P735 | 0.10% | 24,100.00 | 100.00 | ||
| KONG | SYNOPSYS INC | SNPS | 3.13% | 729,800.00 | BBG000BSFRF3 | 1,780.00 |
| KONG | TEXAS PACIFIC LAND TRUST | TPL | 2.98% | 694,102.60 | BBG00YRJXKB1 | 1,879.00 |
| KONG | TPL US 09/18/26 C430 | -0.01% | -1,215.00 | -6.00 | ||
| KONG | United Therapeutics Corp. | UTHR | 2.27% | 529,080.32 | BBG000BV4XJ1 | 1,024.00 |
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 2.03% | 473,405.85 | BBG000C1S2X2 | 865.00 |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 2.42% | 563,371.20 | BBG000BX24N8 | 1,610.00 |