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 |
| 9/28/2023 | 25.3176 | 25.3306 | 0.0513 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.007309 | 1,050,000 | 26,597,130.00 |
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 | -3.03 | -2.92 |
| 3 Month | 0.96 | 0.9 |
| YTD | 7.2 | 7.28 |
| SINCE INCEPTION |
||
| Daily (as of 9/28/2023) | 1.27 | 1.32 |
| Monthly (as of 8/31/2023) | 3.82 | 3.72 |
| Quarterly (as of 6/30/2023) | 0.31 | 0.42 |
| HISTORIC | ||
| Last Month (as of 8/30/2023) | 1.47 | 1.84 |
| Last Quarter (as of 6/30/2023) | 0.47 | 0.55 |
| Last Year (as of 12/30/2022) | -9.22 | -9.07 |
* 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 |
|---|---|---|---|---|---|---|---|---|
| Premium | 44 | 53 | 34 | 34 | 40 | 42 | 40 | 50 |
| Discount | 6 | 11 | 28 | 28 | 24 | 21 | 22 | 12 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 9/28/2023.
| Holdings as of market close 2023-09-28 | ||||||
| ETF Ticker | Equity | Equity Ticker | Weight | Market Value | FIGI | Shares Held |
| KONG | SPGI US 10/27/23 C390 | 0.00 % | -701.66 | -5.00 | ||
| KONG | JKHY US 11/17/23 C170 | 0.00 % | -559.45 | -15.00 | ||
| KONG | MNST US 10/20/23 C60 | 0.00 % | 637.11 | BBG01HYLR338 | -30.00 | |
| KONG | RS US 10/20/23 C290 | 0.00 % | 300.75 | BBG01HYXKZZ3 | -8.00 | |
| KONG | SNA US 10/20/23 C280 | 0.00 % | 56.70 | BBG01HZ0PQP0 | -10.00 | |
| KONG | SPY US 10/20/23 P420 | -0.05 % | -14,559.30 | BBG01FQ82685 | -75.00 | |
| KONG | SPY US 10/20/23 P425 | -0.22 % | -58,541.35 | BBG01FQ827C8 | -175.00 | |
| KONG | SPY US 10/20/23 P430 | 0.06 % | 15,386.53 | BBG01FQ828M5 | 50.00 | |
| KONG | SPY US 10/20/23 P435 | 0.17 % | 45,727.79 | BBG01FQ829Q9 | 75.00 | |
| KONG | SPY US 10/20/23 P440 | 0.44 % | 118,132.33 | BBG01FQ82BT1 | 125.00 | |
| KONG | UTHR US 10/20/23 C240 | 0.00 % | -799.31 | BBG01HZ7L8K4 | -10.00 | |
| KONG | VRTX US 10/27/23 C385 | 0.00 % | 426.74 | BBG01J77QDX1 | -8.00 | |
| KONG | ATVI US 10/20/23 C90 | -0.01 % | -3,498.49 | BBG01HDP7FV6 | -76.00 | |
| KONG | CPT US 10/20/23 C110 | 0.00 % | -497.60 | BBG01HXVWYY9 | -20.00 | |
| KONG | ERIE US 10/20/23 C320 | 0.00 % | -694.25 | BBG01HY1Q976 | -8.00 | |
| KONG | MKTX US 10/20/23 C260 | -0.01 % | -3,185.25 | BBG01HYLG107 | -8.00 | |
| KONG | IBKR US 10/20/23 C105 | 0.00 % | 243.10 | BBG01HY9VP59 | -30.00 | |
| KONG | PSA US 10/20/23 C290 | 0.00 % | 235.75 | BBG01HYTNTT0 | -8.00 | |
| KONG | GLPI US 10/20/23 C49.75 | 0.00 % | -48.48 | BBG01F9TG5N8 | -50.00 | |
| KONG | CTRA US 10/20/23 C31 | 0.00 % | 479.08 | BBG01F9HP7X9 | -65.00 | |
| KONG | EXPD US 10/20/23 C125 | 0.00 % | 899.39 | BBG01HY2W4D1 | -20.00 | |
| KONG | FAST US 10/20/23 C62.5 | 0.00 % | 404.55 | BBG01HY3CQ88 | -15.00 | |
| KONG | GGG US 10/20/23 C85 | 0.00 % | -400.89 | BBG01HY6FVD1 | -30.00 | |
| KONG | UNITED STATES TREASURY BILL ZCP | B 0 12/21/23 | 7.06 % | 1,876,863.70 | BBG01H2PZ889 | 1,900,000.00 |
| KONG | CONTRA ABIOMED INC COMMON STOCK | 0.00 % | 0.00 | 1,065.00 | ||
| KONG | TEXAS PACIFIC LAND TRUST | TPL.UN | 4.23 % | 1,125,418.70 | BBG00YRJXKB1 | 595.00 |
| KONG | AMDOCS LTD | DOX | 3.05 % | 809,795.00 | BBG000C3MXG5 | 9,527.00 |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 3.17 % | 843,453.00 | BBG000BX24N8 | 2,225.00 |
| KONG | NORDSON CORP | NDSN | 2.96 % | 787,883.24 | BBG000BPWGR1 | 3,532.00 |
| KONG | S&P GLOBAL INC | SPGI | 3.00 % | 797,130.39 | BBG000BP1Q11 | 2,163.00 |
| KONG | JACK HENRY | JKHY | 3.04 % | 809,159.45 | BBG000BMH2Q7 | 5,335.00 |
| KONG | FASTENAL CO | FAST | 3.04 % | 808,594.50 | BBG000BJ8YN7 | 14,530.00 |
| KONG | EXPEDITORS INTL WASH INC | EXPD | 3.15 % | 837,751.20 | BBG000BJ5GK2 | 7,323.00 |
| KONG | MONSTER BEVERAGE CORP | MNST | 2.99 % | 794,954.64 | BBG008NVB1C0 | 14,954.00 |
| KONG | CAMDEN PROPERTY TRUST | CPT | 2.81 % | 746,741.04 | BBG000BB0V03 | 7,892.00 |
| KONG | PUBLIC STORAGE | PSA | 2.98 % | 791,254.32 | BBG000BPPN67 | 2,994.00 |
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 3.12 % | 829,938.30 | BBG003MSMCS6 | 18,003.00 |
| KONG | ROBERT HALF INTL INC | RHI | 3.10 % | 825,183.60 | BBG000BS5DR2 | 11,273.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 3.05 % | 810,708.92 | BBG000JG0547 | 3,332.00 |
| KONG | ERIE INDEMNITY COMPANY-CL A | ERIE | 3.12 % | 829,332.59 | BBG000BBTJZ1 | 2,771.00 |
| KONG | RELIANCE STEEL & ALUMINUM | RS | 2.86 % | 760,844.00 | BBG000CJ2181 | 2,900.00 |
| KONG | INTERACTIVE BROKERS GRO-CL A | IBKR | 3.13 % | 832,986.72 | BBG000LV0836 | 9,483.00 |
| KONG | MarketAxess Holdings Inc. | MKTX | 2.71 % | 719,810.91 | BBG000BJBZ23 | 3,437.00 |
| KONG | SNAP-ON INC | SNA | 3.01 % | 801,002.76 | BBG000BT7JW9 | 3,109.00 |
| KONG | CHEMED CORP | CHE | 3.36 % | 893,664.00 | BBG000C19QW1 | 1,712.00 |
| KONG | GRACO INC | GGG | 3.06 % | 814,295.69 | BBG000BK9W84 | 11,141.00 |
| KONG | COTERRA ENERCOTERRA ENERG | CTRA | 3.24 % | 860,284.97 | BBG000C3GN47 | 31,249.00 |
| KONG | CISCO SYSTEMS INC | CSCO | 2.98 % | 791,820.48 | BBG000C3J3C9 | 14,696.00 |
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 3.23 % | 857,985.00 | BBG000C1S2X2 | 2,434.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 2.52 % | 670,159.71 | BBG000C734W3 | 803.00 |
| KONG | United Therapeutics Corp. | UTHR | 3.08 % | 819,584.78 | BBG000BV4XJ1 | 3,626.00 |
| KONG | ACTIVISION BLIZZARD INC | ATVI | 6.63 % | 1,762,106.52 | BBG000CVWGS6 | 18,838.00 |
| KONG | ARCHER-DANIELS-MIDLAND CO | ADM | 2.92 % | 775,303.84 | BBG000BB6WG8 | 10,196.00 |
| KONG | FAST US 11/17/23 C60 | 0.00 % | -374.75 | -25.00 | ||
| KONG | RHI US 10/20/23 C80 | 0.00 % | -241.75 | -25.00 | ||
| KONG | SPY US 10/27/23 P402 | 0.01 % | 1,833.45 | -50.00 | ||
| KONG | SPY US 10/27/23 P416 | -0.01 % | -3,837.47 | 50.00 | ||
| KONG | WST US 11/17/23 C430 | 0.00 % | -340.16 | -5.00 | ||
| KONG | ADM US 10/27/23 C83 | 0.00 % | -108.89 | -30.00 | ||
| KONG | ADP US 10/27/23 C260 | 0.00 % | -213.30 | -10.00 | ||
| KONG | CSCO US 11/03/23 C56 | 0.00 % | -706.19 | -40.00 | ||
| KONG | CASH AND CASH EQUIVALENTS | 3.00 % | 797,110.14 | 797,110.14 | ||