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 |
| 8/10/2022 | 24.094 | 24.1074 | 0.0556 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.004642 | 1,025,000 | $24,710,085.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 4.56 % | 4.66 % |
| 3 Month | 8.35 % | 8.62 % |
| YTD | -8.11 % | -8.18 % |
| SINCE INCEPTION | ||
| Daily (as of 8/11/2022) |
-3.62 %
|
-3.57 % |
| Monthly (as of 7/31/2022) | -4.74 % | -4.56 % |
| Quarterly (as of 6/30/2022) | -9.99 % | -10.22 % |
| HISTORIC | ||
| Last Month (as of 7/31/2022) | 5.83 % | 6.31 % |
| Last Quarter (as of 6/30/2022) | -7.91 % | -8.29 % |
* 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 |
|---|---|---|---|---|
| Premium | 44 | 53 | 34 | 34 |
| Discount | 6 | 11 | 28 | 28 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 8/10/2022.
| Holdings as of market close 2022-08-10 | ||||||
| ETF Ticker | Equity | Equity Ticker | Weight | Market Value | FIGI | Shares Held |
| KONG | VRTX US 09/16/22 C330 | -0.01 % | -3,160.25 | -10.00 | ||
| KONG | ABMD US 08/19/22 C290 | -0.01 % | -2,065.12 | BBG0186M9D53 | -5.00 | |
| KONG | FAST US 08/19/22 C55 | 0.00 % | -520.97 | BBG0143HTSL3 | -35.00 | |
| KONG | SPY US 08/19/22 P330 | 0.13 % | 32,659.13 | BBG015P774F2 | -235.00 | |
| KONG | SPY US 08/19/22 P350 | -0.24 % | -58,653.75 | BBG015P778W4 | 150.00 | |
| KONG | SPY US 08/19/22 P355 | -0.13 % | -31,877.13 | BBG015P779Z9 | 85.00 | |
| KONG | PGR US 08/19/22 C135 | 0.00 % | 839.50 | BBG014491T92 | -20.00 | |
| KONG | AMDOCS LTD | DOX | 4.00 % | 985,740.60 | BBG000C3MXG5 | 11,180.00 |
| KONG | HOULIHAN LOKEY INC | HLI | 2.00 % | 493,667.16 | BBG000CZTB66 | 5,692.00 |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 2.51 % | 618,721.84 | BBG000BX24N8 | 1,826.00 |
| KONG | PROGRESSIVE CORP | PGR | 4.06 % | 999,639.41 | BBG000BR37X2 | 8,269.00 |
| KONG | JACK HENRY | JKHY | 2.00 % | 493,408.44 | BBG000BMH2Q7 | 2,359.00 |
| KONG | GENTEX CORP | GNTX | 1.78 % | 437,856.63 | BBG000BKJ092 | 15,621.00 |
| KONG | FASTENAL CO | FAST | 2.38 % | 585,231.36 | BBG000BJ8YN7 | 10,752.00 |
| KONG | EXPEDITORS INTL WASH INC | EXPD | 3.37 % | 830,403.76 | BBG000BJ5GK2 | 7,729.00 |
| KONG | OLLIES BARGAIN OUTLET HOLDI | OLLI | 2.66 % | 654,825.75 | BBG0098VVDT9 | 10,275.00 |
| KONG | MONSTER BEVERAGE CORP | MNST | 4.66 % | 1,147,809.78 | BBG008NVB1C0 | 12,779.00 |
| KONG | First American Financial Corp | FAF | 1.85 % | 456,282.75 | BBG000V78V75 | 7,901.00 |
| KONG | Bio-Rad Laboratories Inc | BIO | 2.03 % | 499,674.39 | BBG000DY28W5 | 911.00 |
| KONG | PUBLIC STORAGE | PSA | 4.38 % | 1,079,834.79 | BBG000BPPN67 | 3,121.00 |
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 3.30 % | 813,607.32 | BBG003MSMCS6 | 15,731.00 |
| KONG | ROBERT HALF INTL INC | RHI | 3.04 % | 748,707.65 | BBG000BS5DR2 | 9,353.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 4.50 % | 1,108,848.24 | BBG000JG0547 | 4,392.00 |
| KONG | ERIE INDEMNITY COMPANY-CL A | ERIE | 2.57 % | 633,493.44 | BBG000BBTJZ1 | 2,907.00 |
| KONG | ABIOMED INC | ABMD | 2.17 % | 534,172.14 | BBG000C101X4 | 1,821.00 |
| KONG | LANDSTAR SYSTEM INC | LSTR | 1.95 % | 479,629.80 | BBG000BB2KN0 | 3,090.00 |
| KONG | MAXIMUS INC | MMS | 1.91 % | 471,253.77 | BBG000BC5WJ4 | 7,353.00 |
| KONG | MarketAxess Holdings Inc. | MKTX | 1.85 % | 456,113.43 | BBG000BJBZ23 | 1,691.00 |
| KONG | STANLEY BLACK & DECKER INC | SWK | 1.80 % | 444,082.54 | BBG000BTQR96 | 4,678.00 |
| KONG | SNAP-ON INC | SNA | 3.42 % | 842,071.27 | BBG000BT7JW9 | 3,713.00 |
| KONG | CHEMED CORP | CHE | 1.86 % | 459,419.76 | BBG000C19QW1 | 948.00 |
| KONG | GRACO INC | GGG | 1.97 % | 485,132.75 | BBG000BK9W84 | 7,075.00 |
| KONG | GARMIN LTD | GRMN | 2.31 % | 570,059.36 | BBG000C4LN67 | 5,798.00 |
| KONG | CISCO SYSTEMS INC | CSCO | 4.91 % | 1,208,807.34 | BBG000C3J3C9 | 26,267.00 |
| KONG | AO Smith Corp | AOS | 2.00 % | 491,872.40 | BBG000BC1L02 | 7,972.00 |
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 5.28 % | 1,301,092.23 | BBG000C1S2X2 | 4,399.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 4.63 % | 1,141,852.20 | BBG000C734W3 | 1,780.00 |
| KONG | United Therapeutics Corp. | UTHR | 1.90 % | 468,672.84 | BBG000BV4XJ1 | 2,116.00 |
| KONG | ACTIVISION BLIZZARD INC | ATVI | 6.00 % | 1,479,277.53 | BBG000CVWGS6 | 18,283.00 |
| KONG | TAKE-TWO INTERACTIVE SOFTWRE | TTWO | 2.91 % | 717,858.21 | BBG000BS1YV5 | 5,799.00 |
| KONG | CASH AND CASH EQUIVALENTS | 2.32 % | 570,479.93 | 570,479.93 | ||
| KONG | WST US 08/19/22 C340 | -0.01 % | -2,060.12 | -5.00 | ||
| KONG | CSCO US 08/19/22 C48.5 | 0.00 % | -751.87 | -75.00 | ||
| KONG | MNST US 09/16/22 C110 | 0.00 % | 279.30 | -28.00 | ||
| KONG | OLLI US 08/19/22 C77.5 | 0.01 % | 1,499.38 | -25.00 | ||
| KONG | SPY US 09/30/22 P345 | 0.03 % | 7,829.25 | -30.00 | ||
| KONG | SPY US 09/30/22 P365 | -0.06 % | -14,910.75 | 30.00 | ||
| KONG | TTWO US 08/19/22 C145 | 0.01 % | 2,144.63 | -15.00 | ||