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
6/17/2024 21.7745 21.7068 -0.3109
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.00853 1,100,000 23,877,480.00

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Fund Performance

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NAV % Market %
ROLLING
1 Month -7.55 -7.79
3 Month -5.01 -3.33
YTD -3.31 -2.83
SINCE
INCEPTION
Daily (as of 6/17/2024) -12.9 -13.17
Monthly (as of 5/31/2024) -8.44 -8.48
Quarterly (as of 3/28/2024) -5.26 -5.64
HISTORIC
Last Month (as of 5/17/2024) -3.18 -2.74
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 6/17/2024.

ETF TickerDescriptionTickerWeightMarket ValueFIGIShares Held
FORHACACIA RESEARCH CORPACTG7.91%1,890,340.50BBG000KF9J02370,655.00
FORHADM US 07/19/24 C67.50.00%-210.00-15.00
FORHAEM US 07/19/24 C70-0.01%-1,340.00-20.00
FORHAGNICO EAGLE MINES LTDAEM2.15%513,036.25BBG000DLVDK37,985.00
FORHALGONQUIN POWER & UTILITIESAQN2.12%505,806.40BBG000G28WZ087,208.00
FORHALIBABA GROUP HOLDING-SP ADRBABA2.71%647,690.40BBG006G2JVL28,688.00
FORHAlliance Resource Partners L.P.ARLP3.21%767,347.83BBG000C14X8832,667.00
FORHALTRIA GROUP INCMO5.66%1,352,085.60BBG000BP6LJ830,248.00
FORHAMERICAN TOWER CORPAMT2.47%590,299.60BBG000B9XYV23,070.00
FORHARCHER-DANIELS-MIDLAND COADM1.74%415,344.64BBG000BB6WG86,904.00
FORHBABA US 07/19/24 C900.00%-345.00-15.00
FORHBAYTEX ENERGY CORP COMMON STOCK CAD 0BTE3.50%836,572.10BBG000BW3M86259,805.00
FORHBCAB US 06/16/23 C5-0.01%-2,655.00-531.00
FORHBIOATLA INCBCAB0.70%166,710.96BBG00Y6GBT61106,866.00
FORHBIP US 06/21/24 C300.00%-250.00-50.00
FORHBRITISH AMERICAN TOB-SP ADRBTI3.56%849,457.70BBG000BWPXQ827,455.00
FORHBROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USDBIP1.79%426,514.92BBG000B9Y8D815,756.00
FORHCAPRI HOLDINGS LTDCPRI1.29%307,264.00BBG0029SNR639,602.00
FORHCASH AND CASH EQUIVALENTS5.68%1,358,298.061,358,298.06
FORHCTMX US 06/21/24 C2.5-0.03%-6,750.00-1,350.00
FORHCYTOMX THERAPEUTICS INCCTMX1.51%361,681.37BBG001J472L3264,001.00
FORHENERGY TRANSFER EQUITY LPET4.14%988,216.60BBG000BM2FL964,505.00
FORHFlux Power Holdings Inc.FLUX5.91%1,411,769.01BBG000CKGHF0445,353.00
FORHGrupo Aeroportuario del Sureste SA de CV Sponsored ADR Class BASR1.41%336,187.14BBG000B9XWX41,102.00
FORHHES US 06/28/24 C170-0.01%-2,580.00-12.00
FORHHESS CORPHES2.04%486,449.04BBG000BBD0703,388.00
FORHHYG US 06/17/22 P760.01%3,000.001,500.00
FORHHYG US 06/21/24 P750.01%1,250.001,250.00
FORHHYG US 07/19/24 P750.04%9,029.401,000.00
FORHHYG US 07/19/24 P760.05%11,250.00750.00
FORHIWM US 06/21/24 P1950.01%1,200.0050.00
FORHIWM US 06/21/24 P1960.01%1,800.0050.00
FORHIWM US 06/21/24 P1990.01%2,550.0025.00
FORHIWM US 07/19/24 P178-0.01%-2,908.97-100.00
FORHIWM US 07/19/24 P1880.04%10,138.94100.00
FORHJD US 06/21/24 C360.00%-90.00-30.00
FORHJD.COM INC-ADRJD2.44%583,279.52BBG005YHY0Q719,948.00
FORHLITHIUM AMERICAS CORPLAAC.UN2.23%533,516.20BBG01JLDJ6X5140,399.00
FORHLITHIUM AMERICAS CORP-W/ILAC-W1.49%356,347.60BBG01JLDH7S1127,267.00
FORHNEM US 07/26/24 C47-0.01%-2,445.00-30.00
FORHNEWMONT GOLDCORP CORPORATION COMNEM2.02%483,188.01BBG000BPWXK111,811.00
FORHNEXTERA ENERGY PARTNERS LPNEP2.06%492,491.45BBG006JNW32118,007.00
FORHPAYPAL HOLDINGS INCPYPL2.53%605,629.36BBG0077VNXV610,072.00
FORHPYPL US 07/19/24 C72.50.00%-200.00-20.00
FORHROYALTY PHARMA PLC CL A COMMON STOCKRPRX3.16%755,351.46BBG00V1L5YZ528,386.00
FORHRPRX US 06/21/24 C32.50.00%-500.00-100.00
FORHSITIO ROYALTIES CORP-ASTR2.57%613,508.28BBG01C36Y85527,748.00
FORHSun Communities IncSUI2.29%546,283.83BBG000BLJWF34,713.00
FORHTEGNA INCTGNA2.18%521,380.08BBG000BK5DP140,989.00
FORHTREASURY BILLB 0 10/03/245.87%1,403,159.57BBG01JKVKF191,425,000.00
FORHUS T-BILL DN 6/20/2024B 0 06/20/244.79%1,143,671.69BBG01KMCKPK31,144,000.00
FORHVALE SA-SP ADRVALE1.69%404,538.84BBG000BN5LG736,249.00
FORHVALE US 06/21/24 C140.00%-100.00-100.00
FORHVIKING THERAPEUTICS INCVKTX0.85%203,762.34BBG006LGV8693,917.00
FORHVKTX US 07/26/24 C65-0.02%-3,700.00-10.00
FORHWHEATON PRECIOUS METALS CORP COMMON STOCKWPM2.74%654,515.18BBG000PVRDL212,422.00
FORHWilliams Companies Inc.WMB1.54%367,172.74BBG000BWVCP88,899.00
FORHWPM US 06/28/24 C640.00%-100.00-20.00