FMCX vs. KONG ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to Formidable Fortress ETF (KONG)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.50

Average Daily Volume

897

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KONG

Formidable Fortress ETF

KONG Description

The investment seeks long-term capital appreciation. 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, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.

Grade (RS Rating)

Last Trade

$26.13

Average Daily Volume

2,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	KONG
30 Days	-4.75%	-5.67%
60 Days	-2.96%	-3.54%
90 Days	1.40%	0.41%
12 Months	17.86%	6.17%

2 Overlapping Holdings

	Symbol	Grade	Weight in FMCX	Weight in KONG	Overlap
	GGG	D	3.98%	3.42%	3.42%
	SPGI	C	0.37%	3.31%	0.37%

FMCX Overweight 50 Positions Relative to KONG

Symbol	Grade	Weight
AAPL	F	6.93%
UNH	B	6.84%
KKR	C	6.14%
IAC	F	5.35%
AMZN	B	5.01%
GDDY	A	4.98%
MSFT	C	4.79%
LBRDK	D	4.24%
LSXMK	F	4.22%
PYPL	A	3.9%
MTCH	F	3.18%
LSXMA	F	1.79%
GOOGL	A	1.77%
LBRDA	D	1.74%
PG	A	1.3%
PM	A	1.21%
YUM	B	1.18%
CMCSA	F	1.13%
MCD	D	1.12%
AMGN	B	1.11%
KEYS	D	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	F	0.87%
CL	A	0.85%
MO	A	0.84%
ENTG	D	0.82%
ARWR	D	0.72%
NKE	F	0.68%
HON	C	0.6%
DHR	B	0.55%
GOOG	A	0.5%
BAX	C	0.47%
YUMC	F	0.42%
MUSA	B	0.4%
MTX	B	0.33%
KEX	A	0.33%
EQR	A	0.3%
JPM	A	0.3%
MUR	B	0.25%
V	C	0.21%
FWONK	A	0.21%
BKNG	D	0.19%
FLWS	D	0.15%
GD	A	0.13%
BATRK	C	0.11%
PNR	C	0.1%
FWONA	A	0.05%
VMEO	D	0.03%
BATRA	D	0.02%

FMCX Underweight 28 Positions Relative to KONG

Symbol	Grade	Weight
EME	A	-4.17%
ADM	D	-3.98%
TPL	B	-3.96%
GNTX	D	-3.83%
CHE	D	-3.58%
CPT	A	-3.51%
NDSN	C	-3.42%
CSCO	D	-3.3%
CTRA	B	-3.29%
JKHY	C	-3.27%
IBKR	A	-3.21%
ADP	B	-3.18%
JNJ	D	-3.17%
UTHR	A	-3.16%
RS	D	-3.14%
DOX	D	-3.01%
WST	D	-2.99%
MNST	D	-2.97%
PSA	D	-2.96%
CTSH	D	-2.91%
RHI	F	-2.91%
GLPI	F	-2.84%
VRTX	C	-2.69%
REGN	C	-2.64%
MKTX	F	-2.58%
FAST	C	-2.39%
SNA	D	-2.31%
ERIE	C	-2.05%