Key stats
About Opportunities Trust Formidable Fortress ETF
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Inception date
Jul 21, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Formidable Asset Management LLC
Distributor
Foreside Fund Services LLC
KONG seeks long-term capital appreciation by primarily investing in large- and mid-cap securities from around the world, including developed and emerging markets. The actively managed fund combines quantitative and fundamental analyses to identify buy, sell, or hold opportunities. The investment process seeks to identify companies with lower debt levels, lower volatility, increasing dividends, higher return on equity, operating margins, and earnings growth when compared to the broader universe. Holdings generally look to be approximately 30 securities which may include common stock, ADRs, EDRs, GDRs or REITs. The fund owns derivatives, which opens investors up to potential counterparty risk. KONG may use these derivatives for hedging purposes or to create income by writing covered call options.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Health Technology
Stocks98.29%
Technology Services38.15%
Finance14.53%
Health Technology11.06%
Consumer Durables5.47%
Producer Manufacturing4.77%
Electronic Technology4.68%
Distribution Services3.37%
Non-Energy Minerals3.11%
Miscellaneous2.93%
Health Services2.88%
Consumer Non-Durables2.55%
Industrial Services2.43%
Energy Minerals2.36%
Bonds, Cash & Other1.71%
Cash1.71%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
KONG invests in stocks. The fund's major sectors are Technology Services, with 38.15% stocks, and Finance, with 14.53% of the basket. The assets are mostly located in the North America region.
KONG top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 4.68% and 4.18% of the portfolio correspondingly.
KONG last dividends amounted to 0.22 USD. The year before, the issuer paid 0.18 USD in dividends, which shows a 18.65% increase.
KONG assets under management is 21.65 M USD. It's risen 1.35% over the last month.
KONG fund flows account for −3.63 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, KONG pays dividends to its holders with the dividend yield of 0.74%. The last dividend (Dec 26, 2024) amounted to 0.22 USD. The dividends are paid annually.
KONG shares are issued by Formidable Asset Management LLC under the brand Formidable. The ETF was launched on Jul 21, 2021, and its management style is Active.
KONG expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
KONG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
KONG invests in stocks.
KONG price has risen by 2.09% over the last month, and its yearly performance shows a 10.51% increase. See more dynamics on KONG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.87% over the last month, showed a 11.35% increase in three-month performance and has increased by 12.20% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.87% over the last month, showed a 11.35% increase in three-month performance and has increased by 12.20% in a year.
KONG trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.