FOVL vs. KONG ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to Formidable Fortress ETF (KONG)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

14,044

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

$26.38

Average Daily Volume

2,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	KONG
30 Days	-2.95%	-3.72%
60 Days	0.23%	-2.61%
90 Days	4.12%	0.50%
12 Months	23.97%	8.57%

1 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in KONG	Overlap
	IBKR	A	3.25%	3.21%	3.21%

FOVL Overweight 39 Positions Relative to KONG

Symbol	Grade	Weight
TOL	B	3.4%
PNFP	C	3.29%
BLDR	C	3.12%
COF	B	3.09%
JPM	A	3.07%
SF	A	3.01%
WTM	A	2.97%
WLK	A	2.87%
FHB	A	2.83%
WBS	F	2.77%
FYBR	B	2.77%
SNV	C	2.77%
AXS	B	2.76%
ORI	A	2.71%
FNB	A	2.7%
JHG	B	2.66%
KMI	A	2.61%
CNA	A	2.57%
LYB	D	2.51%
PFG	D	2.49%
NUE	D	2.47%
CLF	F	2.47%
DFS	B	2.46%
T	B	2.46%
AMG	C	2.44%
HPE	D	2.31%
THO	F	2.31%
CUZ	A	2.3%
LPX	C	2.28%
AN	A	2.28%
STT	D	2.28%
AGR	B	2.21%
PNW	A	2.09%
Z	F	1.94%
ALK	B	1.93%
LSXMK	D	1.7%
SNDR	F	1.69%
UNM	A	1.44%
LLYVK	F	0.65%

FOVL Underweight 29 Positions Relative to KONG

Symbol	Grade	Weight
EME	A	-4.17%
ADM	C	-3.98%
TPL	B	-3.96%
GNTX	D	-3.83%
CHE	F	-3.58%
CPT	A	-3.51%
NDSN	C	-3.42%
GGG	F	-3.42%
SPGI	C	-3.31%
CSCO	F	-3.3%
CTRA	B	-3.29%
JKHY	D	-3.27%
ADP	D	-3.18%
JNJ	D	-3.17%
UTHR	A	-3.16%
RS	D	-3.14%
DOX	F	-3.01%
WST	F	-2.99%
MNST	F	-2.97%
PSA	D	-2.96%
CTSH	F	-2.91%
RHI	F	-2.91%
GLPI	F	-2.84%
VRTX	C	-2.69%
REGN	C	-2.64%
MKTX	D	-2.58%
FAST	C	-2.39%
SNA	D	-2.31%
ERIE	C	-2.05%