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
2/29/2024 27.0131 27.0474 0.127
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.00481 1,025,000 27,723,585.00

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Fund Performance

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NAV % Market %
ROLLING
1 Month 2.92 3.04
3 Month 4.75 4.92
YTD 2.13 2.34
SINCE
INCEPTION
Daily (as of 2/29/2024) 8.05 8.19
Monthly (as of 2/29/2024) 8.05 8.19
Quarterly (as of 12/29/2023) 5.8 5.72
HISTORIC
Last Month (as of 2/2/2024) 2.86 3.13
Last Quarter (as of 12/29/2023) 5.16 4.94
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 0.89%.

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
2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Premium 44 53 34 34 40 42 40 50 26 18
Discount 6 11 28 28 24 21 22 12 35 45

Fund Holdings

Fund holdings are subject to change without notice. Holdings are as of market close on 2/29/2024.

Holdings as of market close 2024-02-29
ETF TickerEquityEquity TickerWeightMarket ValueFIGIShares Held
KONGWST US 04/19/24 C390-0.01 %-1,560.00-6.00
KONGGNTX US 03/15/24 C35-0.03 %-9,300.00-60.00
KONGSPY US 03/15/24 P4920.04 %10,500.00125.00
KONGTREASURY BILLTBILL4.97 %1,376,956.49BBG01FY571T51,381,000.00
KONGCONTRA ABIOMED INC COMMON STOCK0.00 %0.001,065.00
KONGTEXAS PACIFIC LAND TRUSTTPL.UN3.31 %915,319.02BBG00YRJXKB1581.00
KONGAMDOCS LTDDOX3.06 %848,251.20BBG000C3MXG59,301.00
KONGWEST PHARMACEUTICAL SERVICESWST2.81 %778,716.28BBG000BX24N82,173.00
KONGNORDSON CORPNDSN3.31 %915,961.20BBG000BPWGR13,448.00
KONGS&P GLOBAL INCSPGI3.23 %894,885.82BBG000BP1Q112,089.00
KONGJACK HENRYJKHY3.27 %904,994.16BBG000BMH2Q75,208.00
KONGGENTEX CORPGNTX3.82 %1,056,593.72BBG000BKJ09228,924.00
KONGFASTENAL COFAST2.42 %670,596.85BBG000BJ8YN79,185.00
KONGMONSTER BEVERAGE CORPMNST3.12 %862,741.80BBG008NVB1C014,598.00
KONGCAMDEN PROPERTY TRUSTCPT3.15 %873,184.16BBG000BB0V039,242.00
KONGPUBLIC STORAGEPSA2.18 %602,656.01BBG000BPPN672,123.00
KONGGAMING AND LEISURE PROPERTIEGLPI2.89 %799,311.00BBG003MSMCS617,575.00
KONGROBERT HALF INTL INCRHI3.20 %884,802.00BBG000BS5DR211,005.00
KONGAUTOMATIC DATA PROCESSINGADP2.23 %616,021.89BBG000JG05472,453.00
KONGERIE INDEMNITY COMPANY-CL AERIE2.80 %775,513.28BBG000BBTJZ11,906.00
KONGRELIANCE STEEL & ALUMINUMRS3.29 %909,373.82BBG000CJ21812,831.00
KONGJOHNSON & JOHNSONJNJ3.32 %919,381.86BBG000BMHYD15,697.00
KONGCOGNIZANT TECH SOLUTIONS-ACTSH3.25 %900,590.94BBG000BBDV8111,397.00
KONGINTERACTIVE BROKERS GRO-CL AIBKR3.64 %1,006,529.76BBG000LV08369,258.00
KONGMarketAxess Holdings Inc.MKTX2.59 %716,203.96BBG000BJBZ233,356.00
KONGSNAP-ON INCSNA2.23 %616,100.10BBG000BT7JW92,235.00
KONGCHEMED CORPCHE3.78 %1,046,889.36BBG000C19QW11,672.00
KONGGRACO INCGGG3.59 %992,543.76BBG000BK9W8410,876.00
KONGCOTERRA ENERCOTERRA ENERGCTRA2.84 %786,418.90BBG000C3GN4730,505.00
KONGCISCO SYSTEMS INCCSCO3.16 %875,400.26BBG000C3J3C918,098.00
KONGEMCOR Group Inc.EME4.63 %1,281,356.24BBG000BBRPL44,087.00
KONGVERTEX PHARMACEUTICALS INCVRTX2.70 %747,654.98BBG000C1S2X21,777.00
KONGREGENERON PHARMACEUTICALSREGN2.74 %757,414.56BBG000C734W3784.00
KONGUnited Therapeutics Corp.UTHR2.89 %798,765.60BBG000BV4XJ13,540.00
KONGARCHER-DANIELS-MIDLAND COADM3.33 %921,830.27BBG000BB6WG817,357.00
KONGCASH AND CASH EQUIVALENTS2.51 %693,769.92693,769.92
KONGUTHR US 03/15/24 C2400.00 %-840.00-12.00
KONGSPY US 03/28/24 P4850.04 %11,800.00100.00
KONGSPY US 03/28/24 P470-0.02 %-5,800.00-100.00
KONGSPY US 03/15/24 P4940.03 %7,500.0075.00
KONGSPY US 03/15/24 P4880.03 %9,300.00150.00
KONGSPY US 03/15/24 P479-0.01 %-2,475.00-75.00
KONGSPY US 03/15/24 P477-0.01 %-4,000.00-125.00
KONGSPY US 03/15/24 P473-0.01 %-3,900.00-150.00
KONGPSA US 03/15/24 C3100.00 %-154.00-7.00
KONGNDSN US 04/19/24 C2900.00 %-1,075.00-10.00
KONGJKHY US 04/19/24 C190-0.01 %-1,665.00-18.00
KONGIBKR US 03/15/24 C100-0.06 %-16,220.00-20.00
KONGERIE US 03/15/24 C380-0.05 %-14,250.00-5.00
KONGEME US 03/15/24 C270-0.15 %-40,200.00-10.00
KONGCTSH US 04/19/24 C85-0.01 %-1,500.00-30.00