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 |
| 7/25/2024 | 22.8472 | 22.8417 | -0.0241 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.011991 | 1,050,000 | 23,983,785.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 3.37 | 5.02 |
| 3 Month | -0.88 | 0.01 |
| YTD | 1.45 | 2.25 |
| SINCE INCEPTION |
||
| Daily (as of 7/25/2024) | -8.61 | -8.63 |
| Monthly (as of 6/27/2024) | -12.65 | -12.99 |
| Quarterly (as of 6/27/2024) | -12.65 | -12.99 |
| HISTORIC | ||
| Last Month (as of 6/26/2024) | -4.6 | -4.92 |
| Last Quarter (as of 6/27/2024) | -7.66 | -7.27 |
| 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 | 2024 Q2 |
|---|---|---|---|---|---|---|
| Premium | 31 | 35 | 16 | 53 | 22 | 8 |
| Discount | 31 | 27 | 45 | 10 | 38 | 55 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 7/25/2024.
| ETF Ticker | Description | Ticker | Weight | Market Value | FIGI | Shares Held |
|---|---|---|---|---|---|---|
| FORH | ACACIA RESEARCH CORP | ACTG | 7.98% | 1,914,101.28 | BBG000KF9J02 | 353,808.00 |
| FORH | ADM US 08/30/24 C72 | 0.00% | -337.50 | -15.00 | ||
| FORH | AEM US 08/16/24 C70 | -0.04% | -8,980.00 | -20.00 | ||
| FORH | AGNICO EAGLE MINES LTD | AEM | 2.32% | 556,783.92 | BBG000DLVDK3 | 7,623.00 |
| FORH | ALGONQUIN POWER & UTILITIES | AQN | 2.13% | 510,285.72 | BBG000G28WZ0 | 83,244.00 |
| FORH | ALIBABA GROUP HOLDING-SP ADR | BABA | 2.61% | 625,367.60 | BBG006G2JVL2 | 8,294.00 |
| FORH | Alliance Resource Partners L.P. | ARLP | 3.30% | 792,671.86 | BBG000C14X88 | 31,183.00 |
| FORH | ALTRIA GROUP INC | MO | 5.99% | 1,437,925.20 | BBG000BP6LJ8 | 28,874.00 |
| FORH | AMERICAN TOWER CORP | AMT | 2.57% | 615,485.44 | BBG000B9XYV2 | 2,932.00 |
| FORH | ARCHER-DANIELS-MIDLAND CO | ADM | 1.74% | 417,405.44 | BBG000BB6WG8 | 6,592.00 |
| FORH | Atmos Energy Corp | ATO | 1.02% | 243,613.50 | BBG000BRNGM2 | 1,950.00 |
| FORH | BABA US 08/02/24 C90 | 0.00% | -30.00 | -15.00 | ||
| FORH | BAYTEX ENERGY CORP COMMON STOCK CAD 0 | BTE | 3.97% | 953,484.35 | BBG000BW3M86 | 259,805.00 |
| FORH | BCAB US 08/16/24 C2.5 | -0.03% | -6,500.00 | -325.00 | ||
| FORH | BIOATLA INC | BCAB | 0.72% | 173,417.00 | BBG00Y6GBT61 | 102,010.00 |
| FORH | BRITISH AMERICAN TOB-SP ADR | BTI | 3.79% | 910,203.84 | BBG000BWPXQ8 | 26,208.00 |
| FORH | BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USD | BIP | 1.94% | 465,036.80 | BBG000B9Y8D8 | 15,040.00 |
| FORH | CAPRI HOLDINGS LTD | CPRI | 1.78% | 427,100.82 | BBG0029SNR63 | 12,822.00 |
| FORH | CASH AND CASH EQUIVALENTS | 3.31% | 793,306.28 | 793,306.28 | ||
| FORH | CTMX US 11/15/24 C2.5 | -0.08% | -18,000.00 | -1,200.00 | ||
| FORH | CYTOMX THERAPEUTICS INC | CTMX | 1.49% | 357,841.42 | BBG001J472L3 | 252,001.00 |
| FORH | ENERGY TRANSFER EQUITY LP | ET | 4.14% | 993,172.49 | BBG000BM2FL9 | 61,573.00 |
| FORH | Flux Power Holdings Inc. | FLUX | 6.81% | 1,634,445.51 | BBG000CKGHF0 | 445,353.00 |
| FORH | Grupo Aeroportuario del Sureste SA de CV Sponsored ADR Class B | ASR | 1.33% | 318,934.84 | BBG000B9XWX4 | 1,052.00 |
| FORH | HESS CORP | HES | 2.02% | 484,614.90 | BBG000BBD070 | 3,234.00 |
| FORH | HYG US 08/16/24 P75 | 0.01% | 3,000.00 | 1,000.00 | ||
| FORH | HYG US 08/16/24 P77 | 0.08% | 18,000.00 | 1,500.00 | ||
| FORH | IWM US 08/16/24 P192 | -0.01% | -1,575.00 | -75.00 | ||
| FORH | IWM US 08/16/24 P196 | -0.03% | -6,075.00 | -225.00 | ||
| FORH | IWM US 08/16/24 P202 | 0.02% | 4,200.00 | 75.00 | ||
| FORH | IWM US 08/16/24 P206 | 0.10% | 23,850.00 | 225.00 | ||
| FORH | JD US 08/02/24 C30 | 0.00% | -200.00 | -50.00 | ||
| FORH | JD.COM INC-ADR | JD | 2.09% | 501,375.86 | BBG005YHY0Q7 | 19,042.00 |
| FORH | JUNIPER NETWORKS INC | JNPR | 1.51% | 362,640.77 | BBG000BY33P5 | 9,673.00 |
| FORH | LITHIUM AMERICAS CORP | LAAC | 1.76% | 422,600.99 | BBG01JLDJ6X5 | 140,399.00 |
| FORH | LITHIUM AMERICAS CORP-W/I | LAC | 1.45% | 347,438.91 | BBG01JLDH7S1 | 127,267.00 |
| FORH | NEM US 07/26/24 C47 | 0.00% | -180.00 | -30.00 | ||
| FORH | NEWMONT GOLDCORP CORPORATION COM | NEM | 2.15% | 515,267.50 | BBG000BPWXK1 | 11,275.00 |
| FORH | NEXTERA ENERGY PARTNERS LP | NEP | 1.86% | 445,710.77 | BBG006JNW321 | 17,189.00 |
| FORH | NVDA US 08/16/24 C158 | 0.00% | -50.00 | -5.00 | ||
| FORH | NVIDIA CORP | NVDA | 0.81% | 194,019.84 | BBG000BBJQV0 | 1,728.00 |
| FORH | PAYPAL HOLDINGS INC | PYPL | 2.29% | 550,227.52 | BBG0077VNXV6 | 9,616.00 |
| FORH | ROYALTY PHARMA PLC CL A COMMON STOCK | RPRX | 3.24% | 777,113.28 | BBG00V1L5YZ5 | 27,096.00 |
| FORH | SITIO ROYALTIES CORP-A | STR | 2.65% | 634,917.36 | BBG01C36Y855 | 26,488.00 |
| FORH | Sun Communities Inc | SUI | 2.29% | 549,597.84 | BBG000BLJWF3 | 4,499.00 |
| FORH | SUPER MICRO COMPUTER INC | SMCI | 0.72% | 173,902.50 | BBG000MYZDJ3 | 250.00 |
| FORH | TEGNA INC | TGNA | 2.61% | 626,814.54 | BBG000BK5DP1 | 39,127.00 |
| FORH | TGNA US 08/16/24 C16 | -0.03% | -8,250.00 | -150.00 | ||
| FORH | TREASURY BILL | B 0 10/03/24 | 5.88% | 1,410,917.00 | BBG01JKVKF19 | 1,425,000.00 |
| FORH | VALE SA-SP ADR | VALE | 1.54% | 370,252.10 | BBG000BN5LG7 | 34,603.00 |
| FORH | VERTIV HOLDINGS CO | VRT | 0.80% | 192,117.76 | BBG00L2B8KW8 | 2,512.00 |
| FORH | VIKING THERAPEUTICS INC | VKTX | 1.01% | 241,838.52 | BBG006LGV869 | 3,739.00 |
| FORH | VKTX US 07/26/24 C65 | -0.01% | -2,000.00 | -10.00 | ||
| FORH | VRT US 08/23/24 C110 | 0.00% | -125.00 | -5.00 | ||
| FORH | WHEATON PRECIOUS METALS CORP COMMON STOCK | WPM | 2.90% | 696,538.92 | BBG000PVRDL2 | 11,858.00 |
| FORH | Williams Companies Inc. | WMB | 1.48% | 355,260.90 | BBG000BWVCP8 | 8,495.00 |
| FORH | WMB US 08/09/24 C45 | 0.00% | -1,050.00 | -84.00 |