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 |
| 10/18/2024 | 29.7281 | 29.7054 | -0.0764 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.015775 | 825,000 | 24,506,955.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 2.41 | 2.42 |
| 3 Month | 7.63 | 7.72 |
| YTD | 12.39 | 12.39 |
| SINCE INCEPTION |
||
| Daily (as of 10/18/2024) | 18.91 | 18.82 |
| Monthly (as of 9/30/2024) | 16.32 | 16.23 |
| Quarterly (as of 9/30/2024) | 16.32 | 16.23 |
| HISTORIC | ||
| Last Month (as of 9/20/2024) | 1.01 | 1.43 |
| Last Quarter (as of 9/30/2024) | 8.72 | 8.7 |
| 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 | 2024 Q3 |
|---|---|---|---|---|---|---|---|
| Premium | 40 | 50 | 26 | 18 | 7 | 17 | 6 |
| Discount | 22 | 12 | 35 | 45 | 53 | 46 | 57 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 10/18/2024
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| KONG | ADBE US 11/01/24 C600 | 0.00% | -164.00 | -4.00 | ||
| KONG | ADOBE SYSTEMS INC | ADBE | 2.65% | 651,288.40 | BBG000BB5006 | 1,316.00 |
| KONG | ALPHABET INC-CL C | GOOG | 3.00% | 736,123.00 | BBG009S3NB30 | 4,460.00 |
| KONG | AMDOCS LTD | DOX | 3.19% | 783,241.92 | BBG000C3MXG5 | 8,608.00 |
| KONG | ARCHER-DANIELS-MIDLAND CO | ADM | 3.17% | 778,094.40 | BBG000BB6WG8 | 13,796.00 |
| KONG | AUTOMATIC DATA PROCESSING | ADP | 2.26% | 554,474.13 | BBG000JG0547 | 1,897.00 |
| KONG | CASH AND CASH EQUIVALENTS | 4.73% | 1,162,622.40 | 1,162,622.40 | ||
| KONG | CHEMED CORP | CHE | 3.04% | 746,860.32 | BBG000C19QW1 | 1,224.00 |
| KONG | COGNIZANT TECH SOLUTIONS-A | CTSH | 2.20% | 540,228.00 | BBG000BBDV81 | 6,926.00 |
| KONG | CONTRA ABIOMED INC COMMON STOCK | 0.00% | 0.00 | BBG01F3NM7X5 | 1,065.00 | |
| KONG | COTERRA ENERCOTERRA ENERG | CTRA | 2.25% | 553,812.42 | BBG000C3GN47 | 23,289.00 |
| KONG | CTRA US 11/15/24 C26 | 0.00% | -1,050.00 | -70.00 | ||
| KONG | CTSH US 11/15/24 C85 | 0.00% | -860.00 | -20.00 | ||
| KONG | EMCOR Group Inc. | EME | 2.95% | 725,530.26 | BBG000BBRPL4 | 1,599.00 |
| KONG | ERIE INDEMNITY COMPANY-CL A | ERIE | 2.51% | 617,513.76 | BBG000BBTJZ1 | 1,282.00 |
| KONG | F5 Inc | FFIV | 3.18% | 781,188.16 | BBG000CXYSZ6 | 3,592.00 |
| KONG | FASTENAL CO | FAST | 3.30% | 811,328.50 | BBG000BJ8YN7 | 10,415.00 |
| KONG | GAMING AND LEISURE PROPERTIE | GLPI | 3.18% | 781,054.56 | BBG003MSMCS6 | 15,172.00 |
| KONG | GENTEX CORP | GNTX | 2.37% | 583,051.04 | BBG000BKJ092 | 19,487.00 |
| KONG | GOOG US 11/15/24 C185 | 0.00% | -870.00 | -10.00 | ||
| KONG | GRACO INC | GGG | 2.90% | 711,675.36 | BBG000BK9W84 | 8,283.00 |
| KONG | INTERACTIVE BROKERS GRO-CL A | IBKR | 3.24% | 795,389.45 | BBG000LV0836 | 5,345.00 |
| KONG | JACK HENRY | JKHY | 3.09% | 759,555.72 | BBG000BMH2Q7 | 4,081.00 |
| KONG | JOHNSON & JOHNSON | JNJ | 3.02% | 741,223.68 | BBG000BMHYD1 | 4,489.00 |
| KONG | MarketAxess Holdings Inc. | MKTX | 3.96% | 973,645.93 | BBG000BJBZ23 | 3,371.00 |
| KONG | META PLATFORMS INC | META | 3.05% | 749,411.00 | BBG000MM2P62 | 1,300.00 |
| KONG | META US 11/15/24 C700 | 0.00% | -752.00 | -4.00 | ||
| KONG | MICROSOFT CORP | MSFT | 2.59% | 636,857.68 | BBG000BPH459 | 1,523.00 |
| KONG | MKTX US 11/15/24 C290 | -0.05% | -12,100.00 | -10.00 | ||
| KONG | MNST US 10/25/24 C56 | 0.00% | -600.00 | -40.00 | ||
| KONG | MONSTER BEVERAGE CORP | MNST | 2.83% | 696,055.90 | BBG008NVB1C0 | 12,878.00 |
| KONG | MSFT US 11/22/24 C470 | 0.00% | -480.00 | -4.00 | ||
| KONG | NVDA US 11/01/24 C140 | -0.03% | -7,960.00 | -20.00 | ||
| KONG | NVIDIA CORP | NVDA | 3.33% | 818,478.00 | BBG000BBJQV0 | 5,931.00 |
| KONG | PUBLIC STORAGE | PSA | 2.32% | 570,618.62 | BBG000BPPN67 | 1,651.00 |
| KONG | REGENERON PHARMACEUTICALS | REGN | 2.64% | 649,886.08 | BBG000C734W3 | 656.00 |
| KONG | RELIANCE STEEL & ALUMINUM | RS | 2.84% | 696,871.24 | BBG000CJ2181 | 2,347.00 |
| KONG | RS US 11/15/24 C320 | -0.01% | -1,237.50 | -5.00 | ||
| KONG | S&P GLOBAL INC | SPGI | 3.29% | 807,667.20 | BBG000BP1Q11 | 1,539.00 |
| KONG | SNAP-ON INC | SNA | 3.29% | 809,355.38 | BBG000BT7JW9 | 2,482.00 |
| KONG | SPGI US 11/01/24 C570 | 0.00% | -1,175.00 | -5.00 | ||
| KONG | SPY US 11/15/24 P550 | -0.28% | -69,650.00 | -350.00 | ||
| KONG | SPY US 11/15/24 P565 | 0.51% | 124,250.00 | 350.00 | ||
| KONG | SYNOPSYS INC | SNPS | 1.90% | 467,481.66 | BBG000BSFRF3 | 922.00 |
| KONG | TEXAS PACIFIC LAND TRUST | TPL | 4.38% | 1,077,583.54 | BBG00YRJXKB1 | 1,018.00 |
| KONG | United Therapeutics Corp. | UTHR | 2.17% | 533,855.07 | BBG000BV4XJ1 | 1,449.00 |
| KONG | UTHR US 11/15/24 C390 | -0.01% | -3,088.00 | -4.00 | ||
| KONG | VERTEX PHARMACEUTICALS INC | VRTX | 2.69% | 661,710.00 | BBG000C1S2X2 | 1,370.00 |
| KONG | WEST PHARMACEUTICAL SERVICES | WST | 2.40% | 590,159.84 | BBG000BX24N8 | 2,012.00 |
| KONG | WST US 11/15/24 C340 | -0.01% | -1,562.50 | -5.00 |