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 |
| 3/24/2025 | 21.4681 | 21.41 | -0.2706 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.010882 | 950,000 | 20,339,500.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 1.77 | 1.79 |
| 3 Month | Field not found in data. | Field not found in data. |
| YTD | 1.68 | 1.56 |
| SINCE INCEPTION |
||
| Daily (as of 3/24/2025) | -14.13 | -14.36 |
| Monthly (as of 2/28/2025) | -16.12 | -16.53 |
| Quarterly (as of 12/31/2024) | -15.55 | -15.67 |
| HISTORIC | ||
| Last Month (as of 2/25/2025) | -3.19 | -3.45 |
| 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
- Fact Sheet
- Prospectus
- Premium Discount Chart
- CY 2024 Premium Discount Chart
- Semi-Annual Tailored Shareholder Report
- Annual Report
- Statement of Additional Information dated July 31, 2024
- Form N-PX – September, 2024
- Q1 – Schedule of Investments
- Q3 – Schedule of Investments
- Statement of Additional Information dated July 31, 2024
- Form N-PX – September, 2024
- Semi-Annual Financial Statements and Other Information
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 3/24/2025.
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| FORH | ACACIA RESEARCH CORP | ACTG | 6.63% | 1,350,605.80 | BBG000KF9J02 | 397,237.00 |
| FORH | ADT Inc. | ADT | 2.20% | 449,070.24 | BBG000BP9WJ1 | 55,578.00 |
| FORH | AGNICO EAGLE MINES LTD | AEM | 2.10% | 428,492.34 | BBG000DLVDK3 | 4,113.00 |
| FORH | ALGONQUIN POWER & UTILITIES | AQN | 1.90% | 387,877.40 | BBG000G28WZ0 | 75,316.00 |
| FORH | Alliance Resource Partners L.P. | ARLP | 3.68% | 749,108.25 | BBG000C14X88 | 28,215.00 |
| FORH | APTIV HOLDINGS LTD COMMON STOCK USD 0.01 | APTV.UN | 2.09% | 425,384.96 | BBG01R914LT5 | 6,656.00 |
| FORH | BAYTEX ENERGY CORP COMMON STOCK CAD 0 | BTE | 1.50% | 305,733.96 | BBG000BW3M86 | 137,718.00 |
| FORH | BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USD | BIP | 2.00% | 408,103.92 | BBG000B9Y8D8 | 13,608.00 |
| FORH | BTE US 05/16/25 C2.5 | -0.01% | -1,191.13 | -300.00 | ||
| FORH | CAMECO CORP COMMON STOCK | CCJ | 1.59% | 323,290.32 | BBG000DSZTN6 | 7,068.00 |
| FORH | CASH AND CASH EQUIVALENTS | 2.23% | 455,112.68 | 455,112.68 | ||
| FORH | CLEAR SECURE INC CLASS A COMMON STOCK USD.00001 | YOU | 2.28% | 463,909.00 | BBG011C0FS40 | 17,506.00 |
| FORH | CORCEPT THERAPEUTICS INC | CORT | 2.34% | 476,830.46 | BBG000BKJG33 | 8,018.00 |
| FORH | CORP AMERICA AIRPORTS SA | CAAP | 1.91% | 389,656.80 | BBG00JFCJ889 | 21,177.00 |
| FORH | CORT US 04/17/25 C75 | -0.01% | -2,279.19 | -25.00 | ||
| FORH | CYTOMX THERAPEUTICS INC | CTMX | 1.19% | 243,407.33 | BBG001J472L3 | 363,403.00 |
| FORH | EPR PROPERTIES | EPR | 2.32% | 472,147.45 | BBG000BSZYR3 | 9,085.00 |
| FORH | Flux Power Holdings Inc. | FLUX | 5.22% | 1,064,145.60 | BBG000CKGHF0 | 506,736.00 |
| FORH | GENERAC HOLDINGS INC | GNRC | 1.75% | 356,978.31 | BBG000PQ4W72 | 2,593.00 |
| FORH | GNRC US 04/17/25 C150 | 0.00% | -760.00 | -8.00 | ||
| FORH | Grupo Aeroportuario del Sureste SA de CV Sponsored ADR Class B | ASR | 2.12% | 432,815.76 | BBG000B9XWX4 | 1,521.00 |
| FORH | HESS CORP | HES | 2.26% | 460,406.10 | BBG000BBD070 | 2,926.00 |
| FORH | HOLOGIC INC | HOLX | 1.69% | 344,789.19 | BBG000C3NTN5 | 5,571.00 |
| FORH | HYG US 04/17/25 P74 | 0.02% | 4,000.00 | 1,000.00 | ||
| FORH | HYG US 04/17/25 P75 | 0.01% | 1,500.00 | 500.00 | ||
| FORH | IWM US 03/28/25 P175 | 0.00% | -100.00 | -100.00 | ||
| FORH | IWM US 03/28/25 P185 | 0.00% | 200.00 | 100.00 | ||
| FORH | IWM US 04/17/25 P180 | 0.00% | -750.00 | -50.00 | ||
| FORH | IWM US 04/17/25 P183 | 0.00% | -475.00 | -25.00 | ||
| FORH | IWM US 04/17/25 P185 | 0.00% | 650.00 | 25.00 | ||
| FORH | IWM US 04/17/25 P188 | 0.01% | 1,800.00 | 50.00 | ||
| FORH | IWM US 04/17/25 P190 | 0.01% | 2,400.00 | 50.00 | ||
| FORH | IWM US 04/17/25 P193 | 0.01% | 1,750.00 | 25.00 | ||
| FORH | JUNIPER NETWORKS INC | JNPR | 1.55% | 315,983.30 | BBG000BY33P5 | 8,753.00 |
| FORH | KGC US 04/04/25 C13 | 0.00% | -800.00 | -100.00 | ||
| FORH | KINROSS GOLD CORP | KGC | 2.00% | 408,431.60 | BBG000BB2DM7 | 33,478.00 |
| FORH | LITHIUM AMERICAS CORP-W/I | LAC | 1.85% | 377,982.99 | BBG01JLDH7S1 | 127,267.00 |
| FORH | Lithium Argentina AG | LAR | 1.61% | 328,533.66 | 140,399.00 | |
| FORH | NICE LTD - SPON ADR | NICE | 2.17% | 441,804.93 | BBG000KC17R4 | 2,829.00 |
| FORH | NICE US 04/17/25 C175 | 0.00% | -541.74 | -8.00 | ||
| FORH | NOMAD FOODS LTD | NOMD | 3.62% | 736,874.37 | BBG0071GM7Y0 | 38,319.00 |
| FORH | PATRIA INVESTMENTS LTD A COMMON STOCK USD.0001 | PAX | 2.01% | 409,207.32 | BBG00YQ7XJT2 | 34,708.00 |
| FORH | PEARSON PLC-SPONSORED ADR | PSO | 1.91% | 389,648.00 | BBG000BBKSR9 | 24,850.00 |
| FORH | PINS US 04/11/25 C36 | 0.00% | -925.00 | -25.00 | ||
| FORH | PINTEREST INC- CLASS A | PINS | 1.48% | 301,934.80 | BBG002583CV8 | 8,870.00 |
| FORH | PLAINS GP HOLDINGS LP-CL A | PAGP | 2.32% | 472,398.98 | BBG000TBYFR3 | 22,013.00 |
| FORH | QUALYS INC | QLYS | 1.84% | 374,903.38 | BBG000HT5G06 | 2,879.00 |
| FORH | ROYALTY PHARMA PLC CL A COMMON STOCK | RPRX | 4.56% | 930,251.25 | BBG00V1L5YZ5 | 27,563.00 |
| FORH | RPRX US 04/17/25 C37.5 | 0.00% | -540.00 | -90.00 | ||
| FORH | SCIENCE APPLICATIONS INTE | SAIC | 1.93% | 392,503.40 | BBG003BW05K6 | 3,596.00 |
| FORH | SITIO ROYALTIES CORP-A | STR | 2.44% | 497,096.32 | BBG01C36Y855 | 23,968.00 |
| FORH | TREASURY BILL | TBILL | 6.10% | 1,243,527.75 | BBG01S678WL3 | 1,264,000.00 |
| FORH | UNITED STATES TREASURY BILL- WHEN ISSUED WIB 04/03/25 | B 0 04/03/25 | 4.18% | 851,105.31 | BBG01Q1TYJF1 | 852,000.00 |
| FORH | VIKING THERAPEUTICS INC | VKTX | 0.65% | 131,584.32 | BBG006LGV869 | 4,494.00 |
| FORH | WHEATON PRECIOUS METALS CORP COMMON STOCK | WPM | 2.79% | 567,892.71 | BBG000PVRDL2 | 7,581.00 |
| FORH | WPM US 04/04/25 C77 | -0.01% | -1,600.00 | -20.00 | ||
| FORH | XLE US 03/28/25 P75 | 0.00% | 200.00 | 100.00 | ||
| FORH | XLE US 04/17/25 P77 | -0.01% | -1,800.00 | -200.00 | ||
| FORH | XLE US 04/17/25 P82 | 0.02% | 3,600.00 | 200.00 |