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 |
| 7/25/2024 | 27.4751 | 27.4743 | -0.0029 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.009254 | 850,000 | 23,353,155.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 2.2 | 2.25 |
| 3 Month | 4.42 | 4.48 |
| YTD | 3.87 | 3.95 |
| SINCE INCEPTION |
||
| Daily (as of 7/25/2024) | 9.9 | 9.9 |
| Monthly (as of 6/27/2024) | 7.52 | 7.38 |
| Quarterly (as of 6/27/2024) | 7.52 | 7.38 |
| HISTORIC | ||
| Last Month (as of 6/26/2024) | 0.95 | 0.85 |
| Last Quarter (as of 6/27/2024) | -2.3 | -2.41 |
| 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 | 2024 Q2 |
|---|---|---|---|---|---|---|
| Premium | 40 | 50 | 26 | 18 | 7 | 17 |
| Discount | 22 | 12 | 35 | 45 | 53 | 46 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 7/25/2024
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| KONG | ADBE US 08/16/24 C610 | 0.00% | -108.00 | -2.00 | ||
| KONG | ADM US 08/30/24 C72 | 0.00% | -1,125.00 | -50.00 | ||
| KONG | ADOBE SYSTEMS INC | ADBE | 1.68% | 391,662.40 | BBG000BB5006 | 736.00 |
| KONG | ADP US 08/16/24 C260 | -0.01% | -2,624.00 | -8.00 | ||
| KONG | ALPHABET INC-CL C | GOOG | 2.76% | 644,330.44 | BBG009S3NB30 | 3,809.00 |
| KONG | AMDOCS LTD | DOX | 3.22% | 752,981.88 | BBG000C3MXG5 | 8,868.00 |
| KONG | ARCHER-DANIELS-MIDLAND CO | ADM | 3.85% | 900,030.48 | BBG000BB6WG8 | 14,214.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 2.94% | 687,343.32 | BBG000JG0547 | 2,754.00 |
| KONG | CASH AND CASH EQUIVALENTS | 3.64% | 850,084.96 | 850,084.96 | ||
| KONG | CHEMED CORP | CHE | 2.92% | 682,163.17 | BBG000C19QW1 | 1,261.00 |
| KONG | CISCO SYSTEMS INC | CSCO | 3.00% | 700,569.20 | BBG000C3J3C9 | 14,830.00 |
| KONG | COGNIZANT TECH SOLUTIONS-A | CTSH | 3.18% | 741,983.35 | BBG000BBDV81 | 10,135.00 |
| KONG | CONTRA ABIOMED INC COMMON STOCK | 0.00% | 0.00 | 1,065.00 | ||
| KONG | COTERRA ENERCOTERRA ENERG | CTRA | 2.64% | 617,125.68 | BBG000C3GN47 | 23,994.00 |
| KONG | CSCO US 08/16/24 C52.5 | 0.00% | -1,150.00 | -50.00 | ||
| KONG | CTRA US 08/30/24 C28 | -0.01% | -1,197.61 | -80.00 | ||
| KONG | CTSH US 08/16/24 C75 | -0.03% | -6,300.00 | -30.00 | ||
| KONG | EMCOR Group Inc. | EME | 2.44% | 570,850.20 | BBG000BBRPL4 | 1,647.00 |
| KONG | EME US 08/16/24 C420 | 0.00% | -250.00 | -5.00 | ||
| KONG | ERIE INDEMNITY COMPANY-CL A | ERIE | 3.18% | 744,019.20 | BBG000BBTJZ1 | 1,920.00 |
| KONG | ERIE US 08/16/24 C390 | -0.03% | -5,850.00 | -6.00 | ||
| KONG | FAST US 08/16/24 C75 | 0.00% | -300.00 | -25.00 | ||
| KONG | FASTENAL CO | FAST | 3.17% | 741,013.80 | BBG000BJ8YN7 | 10,730.00 |
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 3.28% | 765,606.38 | BBG003MSMCS6 | 15,631.00 |
| KONG | GENTEX CORP | GNTX | 2.80% | 653,707.12 | BBG000BKJ092 | 20,077.00 |
| KONG | GNTX US 08/16/24 C37.5 | 0.00% | -660.00 | -60.00 | ||
| KONG | GOOG US 08/16/24 C215 | 0.00% | -50.00 | -10.00 | ||
| KONG | GRACO INC | GGG | 3.06% | 715,063.86 | BBG000BK9W84 | 8,534.00 |
| KONG | IBKR US 09/20/24 C135 | 0.00% | -1,117.43 | -18.00 | ||
| KONG | INTERACTIVE BROKERS GRO-CL A | IBKR | 2.79% | 652,846.42 | BBG000LV0836 | 5,506.00 |
| KONG | JACK HENRY | JKHY | 3.01% | 704,085.92 | BBG000BMH2Q7 | 4,204.00 |
| KONG | JOHNSON & JOHNSON | JNJ | 3.16% | 738,335.00 | BBG000BMHYD1 | 4,625.00 |
| KONG | MarketAxess Holdings Inc. | MKTX | 3.28% | 767,046.78 | BBG000BJBZ23 | 3,473.00 |
| KONG | META PLATFORMS INC | META | 2.60% | 607,115.99 | BBG000MM2P62 | 1,339.00 |
| KONG | META US 08/16/24 C600 | 0.00% | -267.00 | -3.00 | ||
| KONG | MICROSOFT CORP | MSFT | 2.81% | 656,469.60 | BBG000BPH459 | 1,569.00 |
| KONG | MKTX US 08/16/24 C250 | -0.01% | -1,563.63 | -11.00 | ||
| KONG | MNST US 08/16/24 C55 | 0.00% | -1,000.00 | -40.00 | ||
| KONG | MONSTER BEVERAGE CORP | MNST | 2.84% | 664,726.80 | BBG008NVB1C0 | 13,268.00 |
| KONG | MSFT US 08/16/24 C505 | 0.00% | -80.00 | -4.00 | ||
| KONG | NVDA US 08/16/24 C158 | 0.00% | -150.00 | -15.00 | ||
| KONG | NVIDIA CORP | NVDA | 2.70% | 630,339.92 | BBG000BBJQV0 | 5,614.00 |
| KONG | PSA US 08/16/24 C300 | -0.02% | -4,640.00 | -8.00 | ||
| KONG | PUBLIC STORAGE | PSA | 3.16% | 737,594.92 | BBG000BPPN67 | 2,501.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 3.07% | 718,328.25 | BBG000C734W3 | 675.00 |
| KONG | RELIANCE STEEL & ALUMINUM | RS | 3.19% | 745,106.70 | BBG000CJ2181 | 2,418.00 |
| KONG | RS US 08/16/24 C330 | 0.00% | -336.00 | -8.00 | ||
| KONG | S&P GLOBAL INC | SPGI | 3.28% | 766,078.05 | BBG000BP1Q11 | 1,585.00 |
| KONG | SNA US 08/16/24 C300 | 0.00% | -40.00 | -8.00 | ||
| KONG | SNAP-ON INC | SNA | 2.99% | 699,262.79 | BBG000BT7JW9 | 2,557.00 |
| KONG | SPGI US 08/16/24 C520 | 0.00% | -900.00 | -5.00 | ||
| KONG | SPY US 08/16/24 P525 | -0.24% | -56,250.00 | -150.00 | ||
| KONG | SPY US 08/16/24 P535 | -0.41% | -96,150.00 | -150.00 | ||
| KONG | SPY US 08/16/24 P540 | 0.54% | 126,600.00 | 150.00 | ||
| KONG | SPY US 08/16/24 P550 | 0.90% | 210,000.00 | 150.00 | ||
| KONG | TEXAS PACIFIC LAND TRUST | TPL | 5.14% | 1,200,034.16 | BBG00YRJXKB1 | 1,486.00 |
| KONG | United Therapeutics Corp. | UTHR | 2.15% | 501,864.04 | BBG000BV4XJ1 | 1,492.00 |
| KONG | UTHR US 08/16/24 C360 | -0.01% | -2,900.00 | -5.00 | ||
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 2.97% | 694,578.86 | BBG000C1S2X2 | 1,411.00 |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 2.46% | 574,275.52 | BBG000BX24N8 | 2,072.00 |
| KONG | WST US 08/16/24 C350 | -0.01% | -2,700.00 | -6.00 |