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
9/30/2022 21.8827 21.946 0.2893
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.004784 1,050,000 $23,043,300.00

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Fund Performance

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NAV % Market %
ROLLING
1 Month -4.20 % -3.78 %
3 Month -3.91 % -3.68 %
YTD -16.54 % -16.41 %
SINCE INCEPTION
Daily (as of 10/3/2022)
-12.47 %
-12.22 %
Monthly (as of 9/30/2022) -12.47 % -12.22 %
Quarterly (as of 9/30/2022) -12.47 % -12.22 %
HISTORIC
Last Month (as of 9/30/2022) -4.92 % -4.81 %
Last Quarter (as of 9/30/2022) -2.75 % -2.22 %
Last Year (as of 10/3/2021) -9.03 % -9.00 %

* 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.

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 9/30/2022.

Holdings as of market close 2022-09-30
ETF TickerEquityEquity TickerWeightMarket ValueFIGIShares Held
KONGOLLI US 11/18/22 C650.01 %1,754.63-15.00
KONGADP US 11/18/22 C2700.00 %554.63-15.00
KONGCSCO US 10/21/22 C52.50.00 %418.50-60.00
KONGAMDOCS LTDDOX3.97 %909,861.40BBG000C3MXG511,452.00
KONGHOULIHAN LOKEY INCHLI1.92 %439,465.40BBG000CZTB665,830.00
KONGWEST PHARMACEUTICAL SERVICESWST2.01 %460,169.60BBG000BX24N81,870.00
KONGPROGRESSIVE CORPPGR4.30 %984,298.70BBG000BR37X28,470.00
KONGJACK HENRYJKHY1.92 %440,364.32BBG000BMH2Q72,416.00
KONGGENTEX CORPGNTX1.67 %381,487.68BBG000BKJ09216,002.00
KONGFASTENAL COFAST1.49 %341,985.12BBG000BJ8YN77,428.00
KONGEXPEDITORS INTL WASH INCEXPD3.05 %699,150.27BBG000BJ5GK27,917.00
KONGOLLIES BARGAIN OUTLET HOLDIOLLI2.37 %543,090.00BBG0098VVDT910,525.00
KONGMONSTER BEVERAGE CORPMNST4.97 %1,138,306.40BBG008NVB1C013,090.00
KONGFirst American Financial CorpFAF1.63 %373,087.30BBG000V78V758,093.00
KONGBio-Rad Laboratories IncBIO1.70 %389,191.62BBG000DY28W5933.00
KONGPUBLIC STORAGEPSA4.09 %936,113.57BBG000BPPN673,197.00
KONGGAMING AND LEISURE PROPERTIEGLPI3.11 %712,883.36BBG003MSMCS616,114.00
KONGROBERT HALF INTL INCRHI3.20 %732,946.50BBG000BS5DR29,581.00
KONGAUTOMATIC DATA PROCESSINGADP4.44 %1,017,628.81BBG000JG05474,499.00
KONGERIE INDEMNITY COMPANY-CL AERIE2.89 %661,816.87BBG000BBTJZ12,977.00
KONGABIOMED INCABMD2.00 %458,155.90BBG000C101X41,865.00
KONGLANDSTAR SYSTEM INCLSTR2.00 %456,931.05BBG000BB2KN03,165.00
KONGMAXIMUS INCMMS1.90 %435,876.84BBG000BC5WJ47,532.00
KONGMarketAxess Holdings Inc.MKTX1.68 %385,352.68BBG000BJBZ231,732.00
KONGSTANLEY BLACK & DECKER INCSWK1.57 %360,406.32BBG000BTQR964,792.00
KONGSNAP-ON INCSNA3.34 %765,734.05BBG000BT7JW93,803.00
KONGCHEMED CORPCHE1.85 %423,899.76BBG000C19QW1971.00
KONGGRACO INCGGG1.90 %434,457.65BBG000BK9W847,247.00
KONGGARMIN LTDGRMN2.08 %476,961.09BBG000C4LN675,939.00
KONGCISCO SYSTEMS INCCSCO3.36 %768,960.00BBG000C3J3C919,224.00
KONGAO Smith CorpAOS1.73 %396,704.28BBG000BC1L028,166.00
KONGVERTEX PHARMACEUTICALS INCVRTX5.70 %1,304,667.24BBG000C1S2X24,506.00
KONGREGENERON PHARMACEUTICALSREGN5.48 %1,255,810.01BBG000C734W31,823.00
KONGUnited Therapeutics Corp.UTHR1.98 %453,726.46BBG000BV4XJ12,167.00
KONGACTIVISION BLIZZARD INCATVI6.08 %1,392,239.52BBG000CVWGS618,728.00
KONGTAKE-TWO INTERACTIVE SOFTWRETTWO2.83 %647,460.00BBG000BS1YV55,940.00
KONGCASH AND CASH EQUIVALENTS5.49 %1,257,805.701,257,805.70
KONGSPY US 11/18/22 P345-0.01 %-1,770.75-30.00
KONGABMD US 10/21/22 C3000.01 %2,207.85-6.00
KONGVRTX US 11/18/22 C330-0.01 %-1,800.37-15.00
KONGTTWO US 11/18/22 C1600.00 %789.50-20.00
KONGSPY US 11/18/22 P3600.29 %66,299.25180.00
KONGSPY US 11/18/22 P340-0.16 %-35,701.87-150.00
KONGSPY US 10/21/22 P3800.28 %63,348.7550.00
KONGSPY US 10/21/22 P360-0.13 %-29,001.25-50.00
KONGRHI US 10/21/22 C900.00 %194.25-30.00
KONGREGN US 10/21/22 C720-0.02 %-4,865.12-5.00
KONGPGR US 11/18/22 C1450.00 %-627.75-30.00
KONGOLLI US 10/21/22 C77.50.01 %2,909.25-30.00
KONGMKTX US 11/18/22 C2800.00 %-665.12-5.00
KONGLSTR US 11/18/22 C1650.00 %-640.25-10.00
KONGHLI US 11/18/22 C950.00 %-850.50-20.00
KONGEXPD US 11/18/22 C1100.00 %361.88-25.00
KONGBIO US 10/21/22 C5800.00 %-249.07-3.00
KONGATVI US 10/21/22 C900.00 %508.03-35.00