NVIR vs. KONG ETF Comparison

Comparison of Listed Funds Trust Horizon Kinetics Energy and Remediation ETF (NVIR) to Formidable Fortress ETF (KONG)

NVIR

Listed Funds Trust Horizon Kinetics Energy and Remediation ETF

NVIR Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in securities of companies that are expected to benefit, either directly or indirectly, from the increasing focus on climate and environmentally sensitive carbon-based energy production. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.00

Average Daily Volume

595

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

$30.44

Average Daily Volume

2,555

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NVIR	KONG
30 Days	11.53%	3.25%
60 Days	13.39%	4.95%
90 Days	12.95%	7.97%
12 Months	26.24%	20.74%

1 Overlapping Holdings

	Symbol	Grade	Weight in NVIR	Weight in KONG	Overlap
	TPL	A	6.13%	5.61%	5.61%

NVIR Overweight 28 Positions Relative to KONG

Symbol	Grade	Weight
XOM	B	7.4%
WMB	A	5.08%
LNG	A	4.14%
EQT	B	3.97%
FANG	C	3.88%
EOG	A	3.28%
COP	C	3.11%
ITRI	C	2.71%
PNR	A	2.5%
BMI	B	2.42%
OXY	D	2.41%
SLB	C	2.3%
FLS	B	2.21%
ECL	D	2.04%
FLR	B	1.82%
VLTO	C	1.72%
WTS	B	1.56%
OIS	B	1.52%
XYL	D	1.52%
PBT	B	1.52%
LBRT	D	1.5%
FELE	B	1.48%
IEX	C	1.32%
TTI	B	1.31%
ERII	D	1.16%
IDXX	F	1.11%
SJT	C	0.95%
SBR	B	0.77%

NVIR Underweight 32 Positions Relative to KONG

Symbol	Grade	Weight
MKTX	D	-3.61%
IBKR	A	-3.54%
FFIV	B	-3.52%
NVDA	B	-3.52%
SNA	A	-3.25%
UTHR	C	-3.25%
ADBE	C	-3.24%
FAST	B	-3.2%
GOOG	C	-3.2%
SPGI	C	-3.18%
CTSH	B	-3.17%
META	D	-3.04%
WST	C	-3.01%
DOX	D	-2.99%
GGG	B	-2.99%
GLPI	C	-2.99%
SNPS	B	-2.94%
RS	B	-2.94%
ADM	D	-2.93%
REGN	F	-2.92%
MNST	C	-2.92%
PSA	C	-2.89%
JKHY	D	-2.85%
CHE	D	-2.79%
JNJ	C	-2.76%
VRTX	D	-2.68%
MSFT	D	-2.63%
GNTX	C	-2.4%
CTRA	B	-2.4%
ADP	A	-2.32%
EME	A	-2.22%
ERIE	D	-2.11%