SMHX vs. KONG ETF Comparison

Comparison of VanEck Fabless Semiconductor ETF (SMHX) to Formidable Fortress ETF (KONG)

SMHX

VanEck Fabless Semiconductor ETF

SMHX Description

The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.47

Average Daily Volume

30,347

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

$30.78

Average Daily Volume

2,568

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHX	KONG
30 Days	3.55%	4.39%
60 Days	9.75%	5.75%
90 Days		9.18%
12 Months		22.10%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMHX	Weight in KONG	Overlap
	NVDA	C	22.37%	3.51%	3.51%
	SNPS	B	5.04%	2.98%	2.98%

SMHX Overweight 19 Positions Relative to KONG

Symbol	Grade	Weight
AVGO	D	13.86%
MRVL	B	4.84%
CDNS	B	4.64%
QCOM	F	4.15%
AMD	F	4.11%
ARM	D	3.85%
RMBS	C	3.61%
CRUS	D	2.96%
LSCC	D	2.95%
PI	D	2.79%
MPWR	F	2.5%
POWI	D	2.23%
SLAB	D	1.84%
AMBA	B	1.7%
ALGM	D	1.57%
SIMO	D	1.53%
SITM	B	1.51%
SMTC	B	1.46%
SYNA	C	1.42%

SMHX Underweight 31 Positions Relative to KONG

Symbol	Grade	Weight
TPL	A	-6.22%
IBKR	A	-3.8%
MKTX	D	-3.54%
FFIV	B	-3.54%
SNA	A	-3.27%
FAST	B	-3.19%
SPGI	C	-3.17%
GLPI	C	-3.1%
CTSH	B	-3.09%
UTHR	C	-3.08%
ADBE	C	-3.07%
GOOG	C	-3.04%
GGG	B	-2.99%
RS	B	-2.99%
DOX	D	-2.96%
ADM	D	-2.96%
META	D	-2.95%
PSA	D	-2.92%
JKHY	D	-2.84%
WST	C	-2.84%
JNJ	D	-2.81%
MNST	C	-2.8%
CHE	D	-2.78%
REGN	F	-2.76%
CTRA	B	-2.58%
MSFT	F	-2.53%
VRTX	F	-2.49%
GNTX	C	-2.35%
ADP	B	-2.33%
EME	C	-2.33%
ERIE	D	-2.2%