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 |
| 1/21/2025 | 21.9882 | 21.9 | -0.4011 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.009711 | 1,000,000 | 21,900,000.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 3.82 | 3.72 |
| 3 Month | -7.16 | -7.35 |
| YTD | 4.14 | 3.88 |
| SINCE INCEPTION |
||
| Daily (as of 1/21/2025) | -12.05 | -12.4 |
| Monthly (as of 12/31/2024) | -15.55 | -15.67 |
| Quarterly (as of 12/31/2024) | -15.55 | -15.67 |
| HISTORIC | ||
| Last Month (as of 12/20/2024) | -7.5 | -7.32 |
| Last Quarter (as of 12/31/2024) | -9.14 | -9.3 |
| Last Year (as of 12/31/2024) | -7.55 | -7.53 |
* 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 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|
| Premium | 31 | 35 | 16 | 53 | 22 | 8 | 18 | 19 |
| Discount | 31 | 27 | 45 | 10 | 38 | 55 | 45 | 42 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 1/21/2025.
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| FORH | ACACIA RESEARCH CORP | ACTG | 8.44% | 1,856,554.92 | BBG000KF9J02 | 418,143.00 |
| FORH | AGNICO EAGLE MINES LTD | AEM | 2.16% | 474,630.20 | BBG000DLVDK3 | 5,357.00 |
| FORH | ALGONQUIN POWER & UTILITIES | AQN | 1.61% | 354,381.60 | BBG000G28WZ0 | 79,280.00 |
| FORH | Alliance Resource Partners L.P. | ARLP | 3.84% | 844,342.57 | BBG000C14X88 | 29,699.00 |
| FORH | APTIV HOLDINGS LTD COMMON STOCK USD 0.01 | APTV.UN | 1.97% | 432,900.74 | BBG01R914LT5 | 7,006.00 |
| FORH | BAYTEX ENERGY CORP COMMON STOCK CAD 0 | BTE | 3.11% | 683,287.15 | BBG000BW3M86 | 259,805.00 |
| FORH | BIOATLA INC | BCAB | 0.22% | 49,062.77 | BBG00Y6GBT61 | 97,154.00 |
| FORH | BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USD | BIP | 2.11% | 464,527.32 | BBG000B9Y8D8 | 14,324.00 |
| FORH | CAMECO CORP COMMON STOCK | CCJ | 1.81% | 398,379.28 | BBG000DSZTN6 | 7,438.00 |
| FORH | CASH AND CASH EQUIVALENTS | 3.07% | 675,964.02 | 675,964.02 | ||
| FORH | CORCEPT THERAPEUTICS INC | CORT | 2.34% | 515,646.18 | BBG000BKJG33 | 8,438.00 |
| FORH | CORP AMERICA AIRPORTS SA | CAAP | 2.02% | 443,367.99 | BBG00JFCJ889 | 22,291.00 |
| FORH | CORT US 02/21/25 C65 | -0.01% | -2,834.47 | -15.00 | ||
| FORH | CYTOMX THERAPEUTICS INC | CTMX | 1.52% | 333,259.26 | BBG001J472L3 | 382,529.00 |
| FORH | EPR PROPERTIES | EPR | 2.07% | 455,198.80 | BBG000BSZYR3 | 9,563.00 |
| FORH | Flux Power Holdings Inc. | FLUX | 4.05% | 891,544.60 | BBG000CKGHF0 | 481,916.00 |
| FORH | GDX US 02/21/25 P32 | 0.00% | 800.00 | 100.00 | ||
| FORH | GDX US 02/21/25 P34 | 0.01% | 2,202.94 | 100.00 | ||
| FORH | GENERAC HOLDINGS INC | GNRC | 2.04% | 447,719.74 | BBG000PQ4W72 | 2,729.00 |
| FORH | GNRC US 02/21/25 C195 | 0.00% | -502.80 | -6.00 | ||
| FORH | Grupo Aeroportuario del Sureste SA de CV Sponsored ADR Class B | ASR | 1.97% | 434,047.11 | BBG000B9XWX4 | 1,601.00 |
| FORH | HESS CORP | HES | 2.08% | 457,872.80 | BBG000BBD070 | 3,080.00 |
| FORH | HOLOGIC INC | HOLX | 1.88% | 412,579.31 | BBG000C3NTN5 | 5,863.00 |
| FORH | HYG US 02/17/23 P75 | 0.01% | 3,000.00 | 1,000.00 | ||
| FORH | HYG US 02/21/25 P77 | 0.02% | 5,014.70 | 500.00 | ||
| FORH | IWM US 02/21/25 P188 | 0.00% | -375.00 | -25.00 | ||
| FORH | IWM US 02/21/25 P192 | 0.00% | -450.00 | -25.00 | ||
| FORH | IWM US 02/21/25 P195 | -0.01% | -1,575.00 | -75.00 | ||
| FORH | IWM US 02/21/25 P198 | 0.00% | 600.00 | 25.00 | ||
| FORH | IWM US 02/21/25 P202 | 0.00% | 775.00 | 25.00 | ||
| FORH | IWM US 02/21/25 P205 | 0.01% | 2,700.00 | 75.00 | ||
| FORH | JUNIPER NETWORKS INC | JNPR | 1.62% | 355,345.41 | BBG000BY33P5 | 9,213.00 |
| FORH | KINROSS GOLD CORP | KGC | 2.19% | 482,502.72 | BBG000BB2DM7 | 45,348.00 |
| FORH | LAC US 01/31/25 C4 | -0.01% | -1,600.00 | -400.00 | ||
| FORH | LITHIUM AMERICAS CORP | LAAC | 1.83% | 401,541.14 | BBG01JLDJ6X5 | 140,399.00 |
| FORH | LITHIUM AMERICAS CORP-W/I | LAC | 1.85% | 407,254.40 | BBG01JLDH7S1 | 127,267.00 |
| FORH | NEXTERA ENERGY PARTNERS LP | NEP | 1.76% | 386,171.25 | BBG006JNW321 | 23,055.00 |
| FORH | NICE LTD - SPON ADR | NICE | 2.24% | 492,753.04 | BBG000KC17R4 | 2,977.00 |
| FORH | NICE US 02/21/25 C185 | -0.01% | -1,120.81 | -5.00 | ||
| FORH | NOMAD FOODS LTD | NOMD | 3.09% | 680,451.45 | BBG0071GM7Y0 | 40,335.00 |
| FORH | PATRIA INVESTMENTS LTD A COMMON STOCK USD.0001 | PAX | 1.96% | 431,101.20 | BBG00YQ7XJT2 | 36,534.00 |
| FORH | PEARSON PLC-SPONSORED ADR | PSO | 1.88% | 413,003.24 | BBG000BBKSR9 | 26,156.00 |
| FORH | PLAINS GP HOLDINGS LP-CL A | PAGP | 2.31% | 508,603.45 | BBG000TBYFR3 | 23,171.00 |
| FORH | QUALYS INC | QLYS | 1.92% | 423,272.46 | BBG000HT5G06 | 3,029.00 |
| FORH | ROYALTY PHARMA PLC CL A COMMON STOCK | RPRX | 4.00% | 879,093.90 | BBG00V1L5YZ5 | 29,013.00 |
| FORH | SCIENCE APPLICATIONS INTE | SAIC | 2.06% | 453,398.88 | BBG003BW05K6 | 3,784.00 |
| FORH | SITIO ROYALTIES CORP-A | STR | 2.51% | 551,484.08 | BBG01C36Y855 | 25,228.00 |
| FORH | TREASURY BILL | TBILL | 5.50% | 1,209,926.49 | BBG01Q548T50 | 1,221,000.00 |
| FORH | UNITED STATES TREASURY BILL- WHEN ISSUED WIB 04/03/25 | B 0 04/03/25 | 3.84% | 844,949.74 | BBG01Q1TYJF1 | 852,000.00 |
| FORH | URANIUM ENERGY CORP | UEC | 1.83% | 403,291.84 | BBG000LCK3Q2 | 54,352.00 |
| FORH | VIKING THERAPEUTICS INC | VKTX | 0.71% | 155,475.10 | BBG006LGV869 | 4,730.00 |
| FORH | WHEATON PRECIOUS METALS CORP COMMON STOCK | WPM | 3.05% | 671,541.24 | BBG000PVRDL2 | 11,294.00 |
| FORH | XLE US 02/21/25 P84 | 0.01% | 1,400.00 | 100.00 | ||
| FORH | XLE US 02/21/25 P85 | 0.02% | 3,405.88 | 200.00 |