BUSA vs. KONG ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to Formidable Fortress ETF (KONG)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$31.84

Average Daily Volume

22,165

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

$29.11

Average Daily Volume

1,444

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	KONG
30 Days	2.53%	4.55%
60 Days	3.04%	5.56%
90 Days	6.67%	8.14%
12 Months		14.73%

1 Overlapping Holdings

	Symbol	Grade	Weight in BUSA	Weight in KONG	Overlap
	DOX	C	2.51%	3.34%	2.51%

BUSA Overweight 8 Positions Relative to KONG

Symbol	Grade	Weight
CVX	D	3.18%
FI	A	2.93%
WFC	D	2.74%
BAC	D	2.57%
MRK	D	2.41%
PNC	B	2.38%
CI	C	2.38%
CMCSA	D	2.37%

BUSA Underweight 31 Positions Relative to KONG

Symbol	Grade	Weight
TPL	B	-5.19%
MKTX	C	-3.92%
ADM	D	-3.71%
SPGI	B	-3.62%
GLPI	C	-3.61%
REGN	C	-3.41%
JNJ	C	-3.37%
FFIV	B	-3.32%
ADBE	F	-3.32%
FAST	C	-3.28%
JKHY	B	-3.24%
CHE	C	-3.16%
SNA	C	-3.12%
GGG	C	-3.1%
META	B	-3.03%
IBKR	B	-2.99%
VRTX	D	-2.96%
MSFT	C	-2.94%
ERIE	B	-2.93%
RS	D	-2.91%
MNST	D	-2.91%
NVDA	D	-2.9%
EME	B	-2.81%
WST	D	-2.77%
PSA	B	-2.7%
GNTX	F	-2.6%
GOOG	D	-2.56%
CTRA	D	-2.42%
CTSH	C	-2.41%
ADP	B	-2.4%
UTHR	C	-2.28%