ARKX vs. KONG ETF Comparison

Comparison of ARK Space Exploration & Innovation ETF (ARKX) to Formidable Fortress ETF (KONG)

ARKX

ARK Space Exploration & Innovation ETF

ARKX Description

The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.

Grade (RS Rating)

Last Trade

$16.59

Average Daily Volume

37,441

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

$29.03

Average Daily Volume

1,749

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARKX	KONG
30 Days	8.22%	1.34%
60 Days	10.31%	5.24%
90 Days	10.01%	7.87%
12 Months	24.64%	17.03%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARKX	Weight in KONG	Overlap
	GOOG	B	2.22%	3.22%	2.22%

ARKX Overweight 24 Positions Relative to KONG

Symbol	Grade	Weight
IRDM	B	9.79%
KTOS	A	9.44%
AVAV	B	7.56%
TER	C	7.36%
TRMB	B	6.52%
RKLB	B	5.58%
LHX	A	5.42%
AMZN	C	3.9%
PLTR	A	2.83%
DE	A	2.77%
BLDE	D	2.68%
GRMN	D	2.61%
ACHR	F	2.51%
JOBY	D	2.06%
PRNT	D	1.95%
HEI	A	1.71%
LMT	A	1.64%
HON	C	1.45%
TDY	A	1.4%
PATH	D	1.33%
SNPS	F	1.27%
ANSS	D	1.08%
DDD	D	0.69%
MYNA	F	0.0%

ARKX Underweight 31 Positions Relative to KONG

Symbol	Grade	Weight
TPL	B	-5.55%
MKTX	C	-3.77%
ADM	D	-3.61%
FFIV	B	-3.5%
SPGI	C	-3.47%
GLPI	A	-3.4%
DOX	B	-3.31%
FAST	B	-3.29%
META	A	-3.25%
NVDA	C	-3.24%
CHE	C	-3.23%
IBKR	A	-3.22%
JNJ	D	-3.19%
GGG	B	-3.17%
SNA	A	-3.16%
JKHY	A	-3.13%
ERIE	A	-3.03%
EME	C	-3.02%
RS	D	-3.0%
REGN	D	-3.0%
ADBE	F	-2.98%
MNST	D	-2.95%
MSFT	D	-2.89%
VRTX	D	-2.79%
WST	D	-2.72%
GNTX	D	-2.66%
PSA	C	-2.59%
CTRA	D	-2.36%
CTSH	B	-2.35%
ADP	A	-2.29%
UTHR	C	-2.28%