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ETFs

Formidable Fortress ETF

KONG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 21, 2021
Expense Ratio
0.89%
Type
Global Equities
Fund Owner
Formidable Funds
Volume (1m avg. daily)
$57,520
AUM
$26,494,125
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 12/21/23
UNITED STATES TREASURY BILL ZCP
7.11%
ATVI
Activision Blizzard Inc
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TPL
Texas Pacific Land Corporation
4.15%
CHE
Chemed Corp.
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VRTX
Vertex Pharmaceuticals, Inc.
3.22%
GLPI
Gaming and Leisure Properties Inc
3.18%
EXPD
Expeditors International Of Washington, Inc.
3.16%
IBKR
Interactive Brokers Group Inc - Ordinary Shares - Class A
3.16%
WST
West Pharmaceutical Services, Inc.
3.14%
RHI
Robert Half Inc
3.11%
Invest with KONG

What is KONG?

Under normal market conditions, the Fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts (i.e., American Depository Receipts or ADRs, European Depository Receipts or EDRs, and Global Depository Receipts or GDRs ), real estate investment trusts ( REITs ), and other equity investments or ownership interests in business enterprises. he Adviser, working together with the Sub-Adviser, makes buy, hold and sell decisions with respect to Fund portfolio securities using an investment process that is based on a combination of quantitative and fundamental analysis. The investment process seeks to identify stocks of large- and mid-cap companies which exhibit one or more of the following primary factors: Capital structure discipline lower debt levels relative to the Investable Universe; Beta lower historical price volatility relative to the Investable Universe; Dividends history of returning capital to shareholders, ideally at an increasing level; and Quality relative to the Investable Universe, companies with higher returns on equity (ROE), operating margins, and earnings growth. The Fund s derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes ( ETNs ). These derivatives will be used to hedge risks associated with the Fund s other portfolio investments. The Fund s may also use derivatives to create income by writing covered call options.

ETFs related toKONG

ETFs correlated to KONG include ROUS, JPUS, FLQM

KONG
ETF Opportunities Trust - Formidable Fortress ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
NOBL
ProShares Trust - ProShares S&P 500 Dividend Aristocrats ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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FAQ

KONG is a Global Equities ETF. Under normal market conditions, the Fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts (i.e., American Depository Receipts or ADRs, European Depository Receipts or EDRs, and Global Depository Receipts or GDRs ), real estate investment trusts ( REITs ), and other equity investments or ownership interests in business enterprises. he Adviser, working together with the Sub-Adviser, makes buy, hold and sell decisions with respect to Fund portfolio securities using an investment process that is based on a combination of quantitative and fundamental analysis. The investment process seeks to identify stocks of large- and mid-cap companies which exhibit one or more of the following primary factors: Capital structure discipline lower debt levels relative to the Investable Universe; Beta lower historical price volatility relative to the Investable Universe; Dividends history of returning capital to shareholders, ideally at an increasing level; and Quality relative to the Investable Universe, companies with higher returns on equity (ROE), operating margins, and earnings growth. The Fund s derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes ( ETNs ). These derivatives will be used to hedge risks associated with the Fund s other portfolio investments. The Fund s may also use derivatives to create income by writing covered call options.

KONG dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

Yes, KONG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, KONG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KONG is -0.0217%. This is the percent change in the value of KONG over the most recent 1-month period. The 3-month return on KONG is 0.0163%. This is the percent change in the value of KONG over the most recent 3-month period.

The standard deviation of KONG for the past year is 0.1341%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KONG include DGS, DFIV, and DXJ.

ETFs correlated to KONG include ROUS, JPUS, and FLQM.

ETFs that are inversely correlated to KONG include SPXU, SDS, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.