Formidable Fortress ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About KONG
Undernormal 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,” EuropeanDepository Receipts or “EDRs,” and Global Depository Receipts or “GDRs”) and real estate investment trusts(“REITs”). The Fund invests predominantly in common stocks of large- and mid-cap companies (the “InvestableUniverse”). The Fund’s investments will be the responsibility of the Adviser and the Fund’s sub-adviser, TidalInvestments, LLC (the “Sub-Adviser”). As of March 31, 2025, the Fund considers large- and mid-capitalization companiesto be those with a market capitalization over $10 billion. The exact size of the companies included will change with market conditionsand the Fund will not automatically sell or cease to purchase a stock that it already owns due to changes in market conditions. TheAdviser, working together with the Sub-Adviser, makes buy, hold and sell decisions with respect to Fund portfolio securities usingan investment process that is based on a combination of quantitative and fundamental analysis. The investment process seeks toidentify 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. Inpursuing the Fund’s investment goal, the Adviser may invest in companies in any economic sector and may invest in companiesboth inside and outside of the United States, including those in developing or emerging markets. The Fund is classified as “non-diversified”for purposes of the 1940 Act, which means it generally invests a greater portion of its assets in the securities of one or moreissuers and invests overall in a smaller number of issuers than a diversified fund. Notwithstanding, the Fund would generallyexpect to own the securities of approximately 30 companies although the Fund may at times own a much lesser number and at othertimes it could own a larger number. TheFund may use derivatives to enhance Fund returns, produce income, and/or hedge risks associated with the Fund’s other portfolioinvestments. The Fund’s derivative investments may include, among other instruments: (i) options; (ii) volatility-linkedETFs; (iii) volatility-linked exchange-traded notes (“ETNs”); and (iv) and Flexible Exchange® Options(“FLEX Options”) which are customizable exchange-traded option contracts guaranteed for settlement by the OptionsClearing Corporation (“OCC”). TheFund may write covered call options to generate income, particularly in cases in which a holding has elevated implied volatilityor is nearing a target price set by the portfolio managers as a potential exit point. In writing covered call options, the Fundsells an option on a security that the Fund owns in exchange for a premium (i.e., income). This strategy generates incomeand helps to offset the cost of the Fund’s hedging strategy. The hedging component of the options overlay attempts to limitdrawdowns during market declines, typically by owning either puts or put spreads on other exchange-traded fund(s) that tend tobe inversely correlated with the Fund; the Fund typically uses puts on SPY (SPDR S&P 500 ETF Trust). TheFund will “cover” the position by continuing to own the security on which the option was written until the optionexpires, is exercised, or is repurchased. As a result of the Fund’s use of derivatives, the Fund may have economic leverage,which means the sum of the Fund’s investment exposures through its use of derivatives may exceed the amount of assets investedin the Fund, although these exposures may vary over time. TheFund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index.
KONG News
- JOMOO Leads the Era of Robotic Bathrooms: Launching the X80 AI Smart Toilet and Localized Solutions for Hong Kong
- MARKET-LEADING CAPITAL MARKETS AND M&A PARTNERS TO JOIN LATHAM & WATKINS IN HONG KONG
- Hong Kong selects 36 AI use cases for financial sector GenAI trials
- Nano Labs H1 Earnings Call Highlights
- Trading the Move, Not the Narrative: (KONG) Edition
- Pet Supplies Plus Celebrates 50 Years of KONG with Nationwide Giveaways, In-Store Events and Exclusive Savings
- (KONG) Volatility Zones as Tactical Triggers
- Price-Driven Insight from (KONG) for Rule-Based Strategy
- ModelOp and Kong Partner to Bring Zero-Trust Enforcement to the Agentic Enterprise
- Price-Driven Insight from (KONG) for Rule-Based Strategy
- THE HONG KONG JOCKEY CLUB CELEBRATES THE FINAL EIGHT WITH "EIGHT TO GLORY, PRESENTED BY LENOVO"
- THE HONG KONG JOCKEY CLUB CELEBRATES THE FINAL EIGHT WITH "EIGHT TO GLORY, PRESENTED BY LENOVO"
Data for KONG is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.