Formidable Fortress ETF
KONG
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6710 East Camelback Road, Suite 100 Scottsdale AZ United States of America 85251
- IPO Date
- Jul 22, 2021
- CIK
- 0001771146
- Website
- formidablefunds.com
- Similar Companies
- Business
- Formidable Fortress ETF (KONG) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of large- and mid-cap companies, including common stocks, depository receipts, real estate investment trusts, and derivatives such as options, volatility-linked ETFs, and exchange-traded notes. The fund employs a dynamic risk management framework rooted in the OODA Loop process—Observe, Orient, Decide, Act—to select approximately 30 holdings through fundamental analysis, valuation, technical considerations, and portfolio risk controls; top holdings as of late 2025 include Microsoft Corp., NVIDIA Corp., Meta Platforms Inc., Alphabet Inc. Class C, and Interactive Brokers Group Inc. Class A, with additional exposure to companies like Fastenal Co., Intuit Inc., S&P Global Inc., and Johnson & Johnson. It benchmarks performance against the S&P 500 Index and maintains a gross expense ratio of 0.89%. Launched on July 21, 2021, by ETF Opportunities Trust and advised by Formidable Asset Management, LLC—which is headquartered in Cincinnati, Ohio—the fund operates on the NYSE Arca exchange and targets investors seeking active exposure to diversified sectors across global public equity markets, with a focus on growth and value stocks of varying market capitalizations. Formidable Asset Management, with partners including Tidal Investments LLC, Commonwealth Fund Services, Citibank, N.A., and Foreside Fund Services, LLC, provides the investment advisory services while emphasizing capital discipline and lower market volatility mitigation. In recent developments, the fund announced its transfer from NYSE Arca to the Cboe exchange as a primary listing effective prior to market open on December 19, 2025, marking a significant operational change to enhance trading liquidity and market access. Assets under management stood at approximately $22 million as of late 2025, with ongoing portfolio adjustments reflected in quarterly holdings updates, such as the Q3 2025 schedule of investments. No major acquisitions, funding rounds, or new product launches by the sponsor were reported in the last 1-2 years, maintaining focus on its core active equity strategy.