Formidable Fortress ETF
$32.71−0.18 (−0.56%)
- Expense ratio
- 0.89%
- Fund size
- $23M
- 1Y return
- +8.3%
- Yield · Last 12 months
- 0.34%
- Holdings
- 55
- Volume · 30D
- 0M sh
- NAV per share
- $32.39
- 52W range
The ETF.net KONG Grade
Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 8Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on KONG
DAn actively run book of roughly 60 large- and mid-cap stocks plus REITs, with an options and volatility toolkit written into the mandate. The name is the pitch: pick the companies first, keep hedging instruments on the shelf.
The Fund seeks total return through income and capital appreciation.
Why people hold it
- Concentrated on purpose: about 60 large- and mid-cap names plus REITs, chosen by a manager rather than copied from an index.money.usnews.com
- The mandate allows options and volatility-linked ETFs and ETNs, so risk can be shaped with derivatives instead of only by trimming stock exposure.finance.yahoo.commoney.usnews.com
- Listed in 2021, so the approach has a multi-year run through live markets, including a full bear stretch, not a backtest.
- One mandate, two jobs: it targets total return from both income and capital appreciation, so dividends and REIT payouts are part of the plan.
Worth knowing
- At 0.89% a year it sits above the typical active US equity fund's 0.65%, and systematic peers like DFAU (0.12%) and AVLC (0.15%) charge a fraction of it.
- A small fund that trades thinly, so spreads can run wider than in the category's giants and order size matters more.
- Non-diversified with a compact holdings list, so single positions carry real weight, and distributions land once or twice a year rather than monthly.finance.yahoo.com
KONG Holdings
- Stocks
- 55
- 42%
- NOW
Sectors
- Technology36.0%
- Industrials19.3%
- Health Care14.3%
- Financials8.8%
- Communication5.9%
- Consumer Discr.5.2%
- Energy3.8%
- Materials2.4%
- Real Estate2.4%
- Cons. Staples2.0%
Geography
- United States100.00%
KONG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KONG |
|---|---|
| Year to date | +7.7% |
| 1 month | −0.6% |
| 3 months | +8.2% |
| 1 year | +8.3% |
| 3 years | +9.9% |
| 5 years | +6.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KONG |
|---|---|---|
| 2026 YTD | +7.7% | |
| 2025 | +6.6% | |
| 2024 | +9.7% | |
| 2023 | +12.7% | |
| 2022 | −9.6% | |
| 2021 | +5.1% |
KONG in the news
ETF.net Research hasn’t filed on KONG yet — coverage lands here as it’s written.
KONG Dividends
- 0.34%
- $0.11
- $0.11 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 24, 2025 | Dec 26, 2025 | $0.11 |
| Dec 24, 2024 | Dec 26, 2024 | $0.22 |
| Dec 26, 2023 | Dec 28, 2023 | $0.18 |
| Dec 27, 2022 | Dec 29, 2022 | $0.12 |
| Dec 27, 2021 | Dec 29, 2021 | $0.03 |
KONG Risk
- 9.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.59
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KONG Cost
- The middle half of US Active Equity funds
- Median 0.70%
92 of the 124 US Active Equity funds charge less.