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 |
| 4/24/2024 | 26.7634 | 26.739 | -0.0912 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.004135 | 975,000 | 26,070,525.00 |
The real-time data feed for fund details is down.
Click here to view Fund Details and Performance.
Fund Performance
The real-time data feed for fund details is down.
Click here to view Fund Details and Performance.
| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | -2.31 | -2.38 |
| 3 Month | 1.99 | 1.96 |
| YTD | 1.18 | 1.17 |
| SINCE INCEPTION |
||
| Daily (as of 4/24/2024) | 7.05 | 6.96 |
| Monthly (as of 3/28/2024) | 10.66 | 10.79 |
| Quarterly (as of 3/28/2024) | 10.66 | 10.79 |
| HISTORIC | ||
| Last Month (as of 3/26/2024) | 2.08 | 2.25 |
| 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 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 |
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 4/24/2024.
| Holdings as of market close 2024-04-24 | ||||||
| ETF Ticker | Equity | Equity Ticker | Weight | Market Value | FIGI | Shares Held |
| KONG | MNST US 05/17/24 C62.5 | 0.00 % | -360.00 | BBG01LZVN4Q3 | -40.00 | |
| KONG | PSA US 05/17/24 C310 | 0.00 % | -375.00 | BBG01M02HC00 | -5.00 | |
| KONG | REGN US 05/17/24 C1080 | 0.00 % | -830.00 | BBG01JDBSJL3 | -2.00 | |
| KONG | RHI US 05/17/24 C80 | 0.00 % | -750.00 | BBG01M04CNC4 | -30.00 | |
| KONG | RS US 05/17/24 C350 | 0.00 % | -540.00 | BBG01M055JW6 | -6.00 | |
| KONG | SPGI US 05/31/24 C460 | -0.01 % | -1,337.50 | BBG01MD42Q34 | -5.00 | |
| KONG | SPY US 05/17/24 P470 | -0.08 % | -19,800.00 | BBG01KYHHXX2 | -275.00 | |
| KONG | SPY US 05/17/24 P475 | -0.03 % | -7,200.00 | BBG01KYHJ3T1 | -75.00 | |
| KONG | SPY US 05/17/24 P485 | 0.15 % | 40,275.00 | BBG01KYHJHK9 | 225.00 | |
| KONG | SPY US 05/17/24 P500 | 0.10 % | 25,450.00 | BBG01KYHK248 | 50.00 | |
| KONG | UTHR US 05/17/24 C260 | -0.01 % | -1,500.00 | BBG01JCM6KG7 | -10.00 | |
| KONG | ADM US 05/10/24 C69 | 0.00 % | -550.00 | BBG01M6H7P03 | -55.00 | |
| KONG | ADP US 05/31/24 C270 | 0.00 % | -800.00 | BBG01MCMJWS7 | -8.00 | |
| KONG | CTRA US 05/17/24 C31 | 0.00 % | -750.00 | BBG01LZ5DX32 | -100.00 | |
| KONG | CTSH US 05/17/24 C75 | 0.00 % | -900.00 | BBG01LZ5G2C7 | -30.00 | |
| KONG | EME US 05/17/24 C370 | -0.01 % | -3,800.00 | BBG01LT5KHH1 | -10.00 | |
| KONG | ERIE US 05/17/24 C410 | 0.00 % | -1,030.00 | BBG01LZB61D6 | -4.00 | |
| KONG | GGG US 05/17/24 C100 | -0.01 % | -3,750.00 | BBG01JBM9060 | -30.00 | |
| KONG | GNTX US 05/17/24 C37.5 | -0.01 % | -1,500.00 | BBG01LZGVNN8 | -60.00 | |
| KONG | IBKR US 05/17/24 C130 | 0.00 % | -440.00 | BBG01LZKVXY5 | -20.00 | |
| KONG | VRTX US 05/31/24 C450 | -0.01 % | -1,500.00 | BBG01MD764R6 | -5.00 | |
| KONG | WST US 05/17/24 C420 | -0.01 % | -2,580.00 | BBG01M0LG8R9 | -6.00 | |
| KONG | FAST US 05/17/24 C85 | -0.01 % | -1,875.00 | BBG01L3LW499 | -25.00 | |
| KONG | SPY US 05/17/24 P490 | 0.07 % | 19,500.00 | BBG01KYHJPD9 | 75.00 | |
| KONG | CSCO US 04/26/24 C54 | 0.00 % | -60.00 | BBG01LVHKQ82 | -60.00 | |
| KONG | TREASURY BILL | B 0 10/03/24 | 5.15 % | 1,343,479.20 | BBG01JKVKF19 | 1,375,000.00 |
| KONG | CONTRA ABIOMED INC COMMON STOCK | 0.00 % | 0.00 | 1,065.00 | ||
| KONG | TEXAS PACIFIC LAND TRUST | TPL.UN | 3.74 % | 977,167.59 | BBG00YRJXKB1 | 1,659.00 |
| KONG | AMDOCS LTD | DOX | 2.94 % | 767,562.26 | BBG000C3MXG5 | 8,849.00 |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 3.06 % | 797,303.91 | BBG000BX24N8 | 2,067.00 |
| KONG | NORDSON CORP | NDSN | 3.27 % | 852,996.80 | BBG000BPWGR1 | 3,280.00 |
| KONG | S&P GLOBAL INC | SPGI | 3.15 % | 822,013.92 | BBG000BP1Q11 | 1,989.00 |
| KONG | JACK HENRY | JKHY | 3.14 % | 818,400.80 | BBG000BMH2Q7 | 4,954.00 |
| KONG | GENTEX CORP | GNTX | 3.71 % | 967,392.24 | BBG000BKJ092 | 27,514.00 |
| KONG | FASTENAL CO | FAST | 2.27 % | 591,844.38 | BBG000BJ8YN7 | 8,737.00 |
| KONG | MONSTER BEVERAGE CORP | MNST | 2.89 % | 754,426.38 | BBG008NVB1C0 | 13,886.00 |
| KONG | CAMDEN PROPERTY TRUST | CPT | 3.33 % | 869,177.12 | BBG000BB0V03 | 8,792.00 |
| KONG | PUBLIC STORAGE | PSA | 2.88 % | 752,165.73 | BBG000BPPN67 | 2,869.00 |
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 2.78 % | 726,440.55 | BBG003MSMCS6 | 16,719.00 |
| KONG | ROBERT HALF INTL INC | RHI | 2.87 % | 748,533.50 | BBG000BS5DR2 | 10,469.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 3.09 % | 805,181.65 | BBG000JG0547 | 3,265.00 |
| KONG | ERIE INDEMNITY COMPANY-CL A | ERIE | 1.96 % | 511,999.08 | BBG000BBTJZ1 | 1,338.00 |
| KONG | RELIANCE STEEL & ALUMINUM | RS | 3.24 % | 844,417.08 | BBG000CJ2181 | 2,693.00 |
| KONG | JOHNSON & JOHNSON | JNJ | 3.09 % | 805,181.13 | BBG000BMHYD1 | 5,421.00 |
| KONG | COGNIZANT TECH SOLUTIONS-A | CTSH | 2.81 % | 732,051.84 | BBG000BBDV81 | 10,842.00 |
| KONG | INTERACTIVE BROKERS GRO-CL A | IBKR | 3.06 % | 798,378.56 | BBG000LV0836 | 6,904.00 |
| KONG | MarketAxess Holdings Inc. | MKTX | 2.50 % | 652,278.68 | BBG000BJBZ23 | 3,194.00 |
| KONG | SNAP-ON INC | SNA | 2.23 % | 581,925.93 | BBG000BT7JW9 | 2,127.00 |
| KONG | CHEMED CORP | CHE | 3.77 % | 983,776.40 | BBG000C19QW1 | 1,592.00 |
| KONG | GRACO INC | GGG | 3.54 % | 924,415.10 | BBG000BK9W84 | 10,346.00 |
| KONG | COTERRA ENERCOTERRA ENERG | CTRA | 3.16 % | 825,823.82 | BBG000C3GN47 | 29,017.00 |
| KONG | CISCO SYSTEMS INC | CSCO | 3.19 % | 832,393.60 | BBG000C3J3C9 | 17,216.00 |
| KONG | EMCOR Group Inc. | EME | 3.81 % | 995,319.93 | BBG000BBRPL4 | 2,937.00 |
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 2.60 % | 677,685.16 | BBG000C1S2X2 | 1,691.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 2.59 % | 676,278.84 | BBG000C734W3 | 746.00 |
| KONG | United Therapeutics Corp. | UTHR | 3.06 % | 798,216.00 | BBG000BV4XJ1 | 3,368.00 |
| KONG | ARCHER-DANIELS-MIDLAND CO | ADM | 3.89 % | 1,016,417.16 | BBG000BB6WG8 | 16,511.00 |
| KONG | CASH AND CASH EQUIVALENTS | 3.12 % | 814,704.92 | 814,704.92 | ||