FORH
Actively managed, liquid alternatives portfolio diversified among multiple distinct strategies, including tail hedging, inside of a single ETF.
Why FORH?
Active
Driven by our research process, not a passive index.
Alternative
Multi-strategy approach may complement fixed income or equities.
Adaptable
Hedging strategies seek to help mitigate against significant market declines.
FORH – Fund Details
| Inception Date | Management Style | CUSIP: | Total Gross Expense Ratio |
| 4/28/2021 | Active | 26923N306 | 1.19 |
| Asset Class | Exchange | Advisor |
| Multi Asset | NYSE Arca, Inc. | Formidable Asset Management |
| As of Date | NAV($) | Market Price($) | Premium/Discount |
| 5/2/2024 | 23.8357 | 23.6622 | -0.7279 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.010421 | 1,175,000 | 27,803,085.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 0.11 | 0.18 |
| 3 Month | 10.12 | 9.26 |
| YTD | 5.84 | 5.93 |
| SINCE INCEPTION |
||
| Daily (as of 5/2/2024) | -4.66 | -5.35 |
| Monthly (as of 4/30/2024) | -8.55 | -8.61 |
| Quarterly (as of 3/28/2024) | -5.26 | -5.64 |
| HISTORIC | ||
| Last Month (as of 4/3/2024) | -3.33 | -2.61 |
| Last Quarter (as of 3/28/2024) | 3.71 | 3.47 |
| Last Year (as of 12/29/2023) | -2.72 | -4.06 |
* Inception dates used for calculations since ETF launched in 2021.
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. The gross expense ratio is [etfinfo etf=”FORH” aum=”NO” expratio=”YES”].
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. See the details section for gross expense ratio.
Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
Fund Objectives
The Fund seeks capital appreciation by investing primarily in equity securities.
Fund Documents
Premium Discount
Premium – The number of trading days the ETF’s closing price exceeds its NAV.
Discount – The number of trading days the ETF’s closing price is below its NAV.
| Number of Days At |
2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|
| Premium | 31 | 35 | 16 | 53 | 22 |
| Discount | 31 | 27 | 45 | 10 | 38 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 5/2/2024.
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| FORH | ACACIA RESEARCH CORP | ACTG | 8.62% | 2,413,795.28 | BBG000KF9J02 | 491,608.00 |
| FORH | ACTG US 05/17/24 C5 | -0.09% | -25,625.00 | BBG01J9YHKR1 | -1,025.00 | |
| FORH | ADM US 05/17/24 C70 | 0.00% | -100.00 | BBG01LRCPDK8 | -20.00 | |
| FORH | AEM US 05/17/24 C70 | 0.00% | -580.00 | BBG01J9YS4D0 | -20.00 | |
| FORH | AGNICO EAGLE MINES LTD | AEM | 2.42% | 679,071.36 | BBG000DLVDK3 | 10,428.00 |
| FORH | ALGONQUIN POWER & UTILITIES | AQN | 2.16% | 605,481.50 | BBG000G28WZ0 | 93,151.00 |
| FORH | ALIBABA GROUP HOLDING-SP ADR | BABA | 2.66% | 745,382.07 | BBG006G2JVL2 | 9,279.00 |
| FORH | Alliance Resource Partners L.P. | ARLP | 2.85% | 798,002.91 | BBG000C14X88 | 34,893.00 |
| FORH | ALTRIA GROUP INC | MO | 5.07% | 1,420,949.82 | BBG000BP6LJ8 | 32,309.00 |
| FORH | AMERICAN TOWER CORP | AMT | 2.10% | 588,680.28 | BBG000B9XYV2 | 3,277.00 |
| FORH | ARCHER-DANIELS-MIDLAND CO | ADM | 1.56% | 437,528.20 | BBG000BB6WG8 | 7,372.00 |
| FORH | BABA US 05/10/24 C82 | -0.01% | -1,680.00 | BBG01M6JTKW1 | -15.00 | |
| FORH | BAYTEX ENERGY CORP COMMON STOCK CAD 0 | BTE | 3.30% | 924,905.80 | BBG000BW3M86 | 259,805.00 |
| FORH | BCAB US 05/17/24 C2.5 | -0.09% | -24,500.00 | BBG01LYY6XR2 | -280.00 | |
| FORH | BCAB US 05/17/24 C5 | -0.03% | -7,000.00 | BBG01LYY6YV5 | -700.00 | |
| FORH | BIOATLA INC | BCAB | 1.60% | 449,194.00 | BBG00Y6GBT61 | 142,150.00 |
| FORH | BIP US 05/17/24 C30 | 0.00% | -250.00 | BBG01LYZ2V97 | -50.00 | |
| FORH | BRITISH AMERICAN TOB-SP ADR | BTI | 3.12% | 873,855.20 | BBG000BWPXQ8 | 29,324.00 |
| FORH | BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USD | BIP | 1.71% | 478,645.20 | BBG000B9Y8D8 | 16,830.00 |
| FORH | CAPRI HOLDINGS LTD | CPRI | 1.29% | 359,985.60 | BBG0029SNR63 | 10,256.00 |
| FORH | CASH AND CASH EQUIVALENTS | 3.38% | 947,500.73 | 947,500.73 | ||
| FORH | CPRI US 05/17/24 C50 | 0.00% | -125.00 | BBG01JB95Z66 | -25.00 | |
| FORH | CTMX US 05/17/24 C2.5 | -0.35% | -96,900.00 | BBG01JB9YM63 | -510.00 | |
| FORH | CTMX US 05/17/24 C5 | -0.13% | -36,000.00 | -400.00 | ||
| FORH | CTMX US 06/21/24 C2.5 | -0.47% | -132,000.00 | -550.00 | ||
| FORH | CYTOMX THERAPEUTICS INC | CTMX | 4.53% | 1,269,445.50 | BBG001J472L3 | 282,099.00 |
| FORH | ENERGY TRANSFER EQUITY LP | ET | 3.88% | 1,087,289.34 | BBG000BM2FL9 | 68,903.00 |
| FORH | Flux Power Holdings Inc. | FLUX | 7.68% | 2,151,054.99 | BBG000CKGHF0 | 445,353.00 |
| FORH | Grupo Aeroportuario del Sureste SA de CV Sponsored ADR Class B | ASR | 1.42% | 396,413.60 | BBG000B9XWX4 | 1,177.00 |
| FORH | HESS CORP | HES | 2.05% | 573,511.52 | BBG000BBD070 | 3,617.00 |
| FORH | HYG US 05/17/24 P73 | 0.01% | 2,000.00 | BBG01GPSGQQ1 | 1,000.00 | |
| FORH | HYG US 05/17/24 P74 | 0.01% | 2,000.00 | BBG01GPSGRT6 | 500.00 | |
| FORH | HYG US 05/17/24 P75 | 0.02% | 5,000.00 | BBG01GPSGSX9 | 1,000.00 | |
| FORH | IWM US 05/17/24 P183 | 0.02% | 4,500.00 | BBG01G9BTKF7 | 250.00 | |
| FORH | IWM US 05/17/24 P189 | 0.01% | 2,700.00 | 50.00 | ||
| FORH | IWM US 05/17/24 P193 | 0.02% | 4,900.00 | BBG01G9BTXH7 | 50.00 | |
| FORH | IWM US 05/24/24 P190 | 0.02% | 6,352.47 | 50.00 | ||
| FORH | JD US 05/17/24 C31 | -0.06% | -16,380.00 | BBG01LVN6X53 | -60.00 | |
| FORH | JD US 06/21/24 C36 | -0.02% | -4,380.00 | -30.00 | ||
| FORH | JD.COM INC-ADR | JD | 3.18% | 891,300.48 | BBG005YHY0Q7 | 27,307.00 |
| FORH | LAAC US 05/17/24 C7.5 | -0.01% | -2,625.00 | BBG01JWZZR24 | -525.00 | |
| FORH | LAC US 05/17/24 C12.5 | 0.00% | -750.00 | BBG01JMY9BX8 | -150.00 | |
| FORH | LITHIUM AMERICAS CORP | LAAC.UN | 2.57% | 720,246.87 | BBG01JLDJ6X5 | 140,399.00 |
| FORH | LITHIUM AMERICAS CORP-W/I | LAC-W | 2.04% | 571,428.83 | BBG01JLDH7S1 | 127,267.00 |
| FORH | NEM US 06/07/24 C46 | 0.00% | -1,344.80 | -40.00 | ||
| FORH | NEP US 06/14/24 C32 | 0.00% | -1,191.51 | -50.00 | ||
| FORH | NEWMONT GOLDCORP CORPORATION COM | NEM | 1.85% | 517,845.75 | BBG000BPWXK1 | 12,615.00 |
| FORH | NEXTERA ENERGY PARTNERS LP | NEP | 2.03% | 568,941.72 | BBG006JNW321 | 19,234.00 |
| FORH | PAYPAL HOLDINGS INC | PYPL | 2.57% | 720,436.88 | BBG0077VNXV6 | 10,756.00 |
| FORH | PYPL US 05/24/24 C74 | 0.00% | -650.00 | BBG01M97DHC0 | -25.00 | |
| FORH | ROYALTY PHARMA PLC CL A COMMON STOCK | RPRX | 3.11% | 872,031.96 | BBG00V1L5YZ5 | 30,321.00 |
| FORH | RPRX US 06/21/24 C32.5 | -0.01% | -1,447.04 | -100.00 | ||
| FORH | SITIO ROYALTIES CORP-A | STR | 2.43% | 679,895.72 | BBG01C36Y855 | 29,638.00 |
| FORH | STR US 05/17/24 C25 | 0.00% | -397.05 | -100.00 | ||
| FORH | Sun Communities Inc | SUI | 2.10% | 587,165.76 | BBG000BLJWF3 | 5,034.00 |
| FORH | TEGNA INC | TGNA | 2.21% | 619,515.30 | BBG000BK5DP1 | 43,782.00 |
| FORH | TGNA US 05/17/24 C16 | -0.01% | -3,000.00 | BBG01M0CXGY4 | -150.00 | |
| FORH | TREASURY BILL | B 0 10/03/24 | 4.98% | 1,393,835.24 | BBG01JKVKF19 | 1,425,000.00 |
| FORH | US T-BILL DN 6/20/2024 | B 0 06/20/24 | 4.06% | 1,136,014.19 | BBG01KMCKPK3 | 1,144,000.00 |
| FORH | VALE SA-SP ADR | VALE | 1.73% | 484,749.36 | BBG000BN5LG7 | 38,718.00 |
| FORH | VALE US 06/21/24 C14 | 0.00% | -997.05 | -100.00 | ||
| FORH | VIKING THERAPEUTICS INC | VKTX | 1.13% | 316,979.84 | BBG006LGV869 | 4,184.00 |
| FORH | VKTX US 05/24/24 C75 | -0.02% | -6,710.00 | BBG01M9DMTX8 | -10.00 | |
| FORH | WHEATON PRECIOUS METALS CORP COMMON STOCK | WPM | 2.51% | 703,602.04 | BBG000PVRDL2 | 13,268.00 |
| FORH | Williams Companies Inc. | WMB | 1.31% | 366,322.70 | BBG000BWVCP8 | 9,505.00 |
| FORH | WMB US 05/17/24 C42 | 0.00% | -150.00 | BBG01JCQ8N61 | -30.00 | |
| FORH | WPM US 06/07/24 C60 | 0.00% | -983.11 | -30.00 |