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
5/24/2024 26.8032 26.8186 0.0575
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.004156 975,000 26,148,135.00

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Fund Performance

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NAV % Market %
ROLLING
1 Month 1.86 1.99
3 Month 0.08 0.18
YTD 1.33 1.47
SINCE
INCEPTION
Daily (as of 5/24/2024) 7.21 7.27
Monthly (as of 4/30/2024) 4.59 4.51
Quarterly (as of 3/28/2024) 10.66 10.79
HISTORIC
Last Month (as of 4/26/2024) -4.97 -5.02
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 [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

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 5/24/2024

ETF TickerDescriptionTickerWeightMarket ValueFIGIShares Held
KONGADP US 05/31/24 C2700.00%-140.00BBG01MCMJWS7-8.00
KONGAMDOCS LTDDOX2.71%707,123.59BBG000C3MXG58,849.00
KONGARCHER-DANIELS-MIDLAND COADM3.83%998,750.39BBG000BB6WG816,511.00
KONGAUTOMATIC DATA PROCESSINGADP3.11%812,658.50BBG000JG05473,265.00
KONGCAMDEN PROPERTY TRUSTCPT3.49%910,851.20BBG000BB0V038,792.00
KONGCASH AND CASH EQUIVALENTS2.88%750,802.96750,802.96
KONGCHEMED CORPCHE3.39%884,149.04BBG000C19QW11,592.00
KONGCISCO SYSTEMS INCCSCO3.06%799,166.72BBG000C3J3C917,216.00
KONGCOGNIZANT TECH SOLUTIONS-ACTSH2.84%740,725.44BBG000BBDV8110,842.00
KONGCONTRA ABIOMED INC COMMON STOCK0.00%0.001,065.00
KONGCOTERRA ENERCOTERRA ENERGCTRA3.02%787,231.21BBG000C3GN4729,017.00
KONGCSCO US 06/07/24 C510.00%-150.00-50.00
KONGEMCOR Group Inc.EME4.49%1,170,952.53BBG000BBRPL42,937.00
KONGEME US 06/21/24 C370-0.12%-32,000.00-10.00
KONGERIE INDEMNITY COMPANY-CL AERIE1.99%520,428.48BBG000BBTJZ11,338.00
KONGFASTENAL COFAST2.21%576,816.74BBG000BJ8YN78,737.00
KONGGAMING AND LEISURE PROPERTIEGLPI2.86%746,503.35BBG003MSMCS616,719.00
KONGGENTEX CORPGNTX3.62%945,381.04BBG000BKJ09227,514.00
KONGGRACO INCGGG3.23%842,992.08BBG000BK9W8410,346.00
KONGINTERACTIVE BROKERS GRO-CL AIBKR3.39%883,712.00BBG000LV08366,904.00
KONGJACK HENRYJKHY3.20%835,293.94BBG000BMH2Q74,954.00
KONGJOHNSON & JOHNSONJNJ3.05%796,724.37BBG000BMHYD15,421.00
KONGMarketAxess Holdings Inc.MKTX2.65%692,746.66BBG000BJBZ233,194.00
KONGMKTX US 06/21/24 C230-0.01%-2,400.00-10.00
KONGMONSTER BEVERAGE CORPMNST2.80%731,792.20BBG008NVB1C013,886.00
KONGNORDSON CORPNDSN2.99%780,443.20BBG000BPWGR13,280.00
KONGPUBLIC STORAGEPSA2.99%781,486.91BBG000BPPN672,869.00
KONGREGENERON PHARMACEUTICALSREGN2.82%734,824.92BBG000C734W3746.00
KONGRELIANCE STEEL & ALUMINUMRS3.13%818,133.40BBG000CJ21812,693.00
KONGROBERT HALF INTL INCRHI2.67%696,711.95BBG000BS5DR210,469.00
KONGS&P GLOBAL INCSPGI3.34%871,659.36BBG000BP1Q111,989.00
KONGSNA US 06/21/24 C2900.00%-150.00-5.00
KONGSNAP-ON INCSNA2.21%576,183.03BBG000BT7JW92,127.00
KONGSPGI US 05/31/24 C460-0.01%-2,200.00BBG01MD42Q34-5.00
KONGSPY US 06/21/24 P490-0.02%-5,400.00-100.00
KONGSPY US 06/21/24 P500-0.06%-16,400.00-200.00
KONGSPY US 06/21/24 P5050.04%10,400.00100.00
KONGSPY US 06/21/24 P5150.15%38,000.00200.00
KONGTEXAS PACIFIC LAND TRUSTTPL3.88%1,014,080.34BBG00YRJXKB11,659.00
KONGTREASURY BILLB 0 10/03/245.17%1,349,958.73BBG01JKVKF191,375,000.00
KONGUnited Therapeutics Corp.UTHR3.52%919,059.84BBG000BV4XJ13,368.00
KONGUTHR US 06/21/24 C260-0.06%-16,050.00-10.00
KONGVERTEX PHARMACEUTICALS INCVRTX2.96%772,702.45BBG000C1S2X21,691.00
KONGVRTX US 05/31/24 C450-0.02%-4,745.00BBG01MD764R6-5.00
KONGWEST PHARMACEUTICAL SERVICESWST2.63%685,541.22BBG000BX24N82,067.00