KONG vs. FPX ETF Comparison

Comparison of Formidable Fortress ETF (KONG) to First Trust IPOX-100 Index Fund (FPX)

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

$26.56

Average Daily Volume

3,068

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPX

First Trust IPOX-100 Index Fund

FPX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the IPOX(R)-100 U.S. Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$101.62

Average Daily Volume

17,905

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KONG	FPX
30 Days	-3.14%	-1.97%
60 Days	-2.24%	-2.20%
90 Days	1.19%	4.79%
12 Months	10.20%	28.48%

1 Overlapping Holdings

	Symbol	Grade	Weight in KONG	Weight in FPX	Overlap
	REGN	B	2.64%	5.36%	2.64%

KONG Overweight 29 Positions Relative to FPX

Symbol	Grade	Weight
EME	A	4.17%
ADM	D	3.98%
TPL	B	3.96%
GNTX	D	3.83%
CHE	F	3.58%
CPT	A	3.51%
NDSN	C	3.42%
GGG	D	3.42%
SPGI	C	3.31%
CSCO	F	3.3%
CTRA	A	3.29%
JKHY	D	3.27%
IBKR	A	3.21%
ADP	D	3.18%
JNJ	F	3.17%
UTHR	A	3.16%
RS	D	3.14%
DOX	F	3.01%
WST	F	2.99%
MNST	D	2.97%
PSA	D	2.96%
CTSH	F	2.91%
RHI	F	2.91%
GLPI	F	2.84%
VRTX	D	2.69%
MKTX	F	2.58%
FAST	D	2.39%
SNA	D	2.31%
ERIE	C	2.05%

KONG Underweight 86 Positions Relative to FPX

Symbol	Grade	Weight
IOT	B	-8.28%
ABNB	D	-7.06%
CARR	A	-5.98%
UBER	D	-4.37%
CEG	A	-4.12%
DASH	D	-3.68%
OTIS	D	-3.16%
VRT	A	-2.62%
SQ	D	-2.56%
DUOL	A	-2.37%
CNM	A	-2.28%
GEHC	D	-2.21%
SNOW	D	-1.6%
DKNG	D	-1.58%
ON	F	-1.57%
COIN	D	-1.42%
KVUE	D	-1.4%
TPG	C	-1.24%
PLTR	D	-1.22%
CRWD	D	-1.11%
HQY	D	-1.06%
CRBG	A	-1.03%
APP	B	-0.96%
ESAB	B	-0.95%
NET	F	-0.92%
VNT	D	-0.87%
OWL	C	-0.83%
AZEK	C	-0.83%
RKT	C	-0.76%
RBLX	C	-0.72%
VLTO	A	-0.72%
BLDR	C	-0.7%
BRBR	C	-0.68%
HOOD	C	-0.68%
BRZE	D	-0.63%
PR	B	-0.59%
EDR	A	-0.57%
DTM	B	-0.56%
VERX	D	-0.56%
PCVX	D	-0.54%
NSIT	A	-0.53%
RYAN	D	-0.53%
GTLB	F	-0.52%
BSY	B	-0.52%
JXN	A	-0.5%
NRG	A	-0.48%
PSN	D	-0.45%
FNF	A	-0.43%
KD	D	-0.43%
PECO	D	-0.42%
INFA	D	-0.42%
KNF	B	-0.41%
TOST	D	-0.39%
PCOR	D	-0.38%
RDDT	C	-0.35%
CHK	B	-0.35%
BRKR	F	-0.34%
PATH	D	-0.34%
FOUR	F	-0.31%
ACT	A	-0.3%
RIVN	F	-0.28%
LEGN	F	-0.25%
AMK	D	-0.24%
MKSI	D	-0.24%
AFRM	C	-0.23%
CIVI	B	-0.22%
S	D	-0.2%
ATKR	B	-0.2%
CRDO	F	-0.18%
ACLX	D	-0.17%
COOP	A	-0.16%
SQSP	B	-0.15%
GKOS	A	-0.15%
BBIO	F	-0.15%
NUVL	D	-0.14%
IMVT	F	-0.13%
ASO	D	-0.13%
PRCT	A	-0.1%
ACVA	D	-0.09%
APLS	F	-0.09%
HAYW	C	-0.09%
KYMR	D	-0.07%
RXO	D	-0.07%
SGBX	D	-0.07%
JBI	D	-0.06%
KROS	D	-0.06%