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
9/28/2023 22.0293 22.0563 0.1226
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.006969 1,325,000 29,224,597.50

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Fund Performance

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NAV % Market %
ROLLING
1 Month -5.74 -5.44
3 Month -6.02 -5.96
YTD -5.15 -5.65
SINCE
INCEPTION
Daily (as of 9/28/2023) -11.88 -11.77
Monthly (as of 8/31/2023) -7.27 -7.43
Quarterly (as of 6/30/2023) -6.23 -6.18
HISTORIC
Last Month (as of 8/30/2023) -3.51 -3.34
Last Quarter (as of 6/30/2023) -1.37 -0.97
Last Year (as of 12/30/2022) -6.37 -5.8

* 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 1.19%.

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
2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Premium 39 38 48 34 34 43 32 31 35
Discount 3 26 16 28 28 21 31 31 27

Fund Holdings

Fund holdings are subject to change without notice. Holdings are as of market close on 9/28/2023.

Holdings as of market close 2023-09-28
ETF TickerEquityEquity TickerWeightMarket ValueFIGIShares Held
FORHTGNA US 11/17/23 C170.00 %220.57-150.00
FORHKGC US 11/17/23 C60.00 %502.05BBG01FWS5BK6-100.00
FORHNEM US 10/13/23 C420.00 %744.11BBG01J4L30B0-30.00
FORHACTG US 11/17/23 C50.00 %-534.87BBG01FVR3Z55-538.00
FORHBCAB US 10/20/23 C50.00 %1,380.17BBG01F98JSB4-500.00
FORHET US 10/27/23 C14.50.00 %23.05BBG01J6WQ9H4-100.00
FORHHYG US 10/20/23 P72-0.04 %-11,290.43BBG01B3YPFZ71,375.00
FORHHYG US 10/20/23 P730.04 %12,477.95BBG01B3YPH29750.00
FORHIWM US 10/20/23 P166-0.01 %-1,697.98BBG01G5K4VC7-100.00
FORHIWM US 10/20/23 P168-0.03 %-7,837.96BBG01G5K4XK4-200.00
FORHIWM US 10/20/23 P1760.04 %11,597.06BBG01G5K56F8100.00
FORHIWM US 10/20/23 P1780.12 %35,893.12BBG01G5K58N5200.00
FORHATVI US 10/20/23 C90-0.03 %-9,943.07BBG01HDP7FV6-216.00
FORHMREO US 11/17/23 C2.5-0.03 %-7,615.21BBG01FWYC0F5-1,331.00
FORHPETS US 10/20/23 C12.50.05 %13,596.07BBG01HYS4TN9-469.00
FORHPYPL US 10/20/23 C700.00 %1,012.55BBG01FBGSM71-15.00
FORHSILV US 10/20/23 C60.00 %-15.40BBG01HYZWGL2-387.00
FORHSTR US 10/20/23 C300.00 %-326.37BBG01FBQN6G9-80.00
FORHAEM US 10/20/23 C550.00 %370.70BBG01HXHJBR3-10.00
FORHAMT US 10/20/23 C2000.01 %2,287.95BBG01F95NL66-34.00
FORHARLP US 10/20/23 C22.5-0.01 %-4,093.77BBG01HXL5GG0-60.00
FORHBTE US 10/20/23 C50.00 %-576.53BBG01G51PGB0-560.00
FORHCTMX US 11/17/23 C2.50.00 %-307.83BBG01FW4NPY3-299.00
FORHDK US 10/20/23 C300.00 %-1,340.75BBG01F9KQV77-25.00
FORHKGC US 09/29/23 C5.50.00 %597.05BBG01HV0TVC3-100.00
FORHLAC US 09/29/23 C210.01 %1,494.77BBG01HV199B3-75.00
FORHUNITED STATES TREASURY BILL ZCPB 0 12/21/237.10 %2,074,428.30BBG01H2PZ8892,100,000.00
FORHTREASURY BILLTBILL2.23 %650,096.20BBG01G7RKLH9652,000.00
FORHSITIO ROYALTIES CORP-A2215704D2.80 %816,735.92BBG01C36Y85533,418.00
FORHBIOATLA INCBCAB0.98 %286,926.26BBG00Y6GBT61160,294.00
FORHFlux Power Holdings Inc.FLUX4.73 %1,381,131.51BBG000CKGHF0380,477.00
FORHROYALTY PHARMA PLC CL A COMMON STOCKRPRX US3.14 %915,634.98BBG00V1L5YZ534,191.00
FORHBROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USDBIP2.79 %815,152.30BBG000B9Y8D827,290.00
FORHMEREO BIOPHARMA GROUP PL ADR ADRMREO1.49 %434,807.34BBG00KFWZC67331,914.00
FORHDELEK US HOLDINGS INC COMMON STOCK USD 0.01DK1.60 %467,580.50BBG00FZYFVC515,770.00
FORHLITHIUM AMERICAS CORP COMMON STOCKLAC3.47 %1,014,866.85BBG000BGM5P859,245.00
FORHSILVERCREST METALS INCSILV2.14 %624,501.00BBG00B9JN9J9138,778.00
FORHCYTOMX THERAPEUTICS INCCTMX1.39 %407,182.08BBG001J472L3318,111.00
FORHACACIA RESEARCH CORPACTG6.68 %1,951,354.24BBG000KF9J02554,362.00
FORHALGONQUIN POWER & UTILITIESAQN2.18 %635,473.85BBG000G28WZ0105,037.00
FORHRCI HOSPITALITY HOLDINGS INCRICK0.89 %259,168.41BBG000FLT1114,293.00
FORHBRITISH AMERICAN TOB-SP ADRBTI3.55 %1,037,485.56BBG000BWPXQ833,062.00
FORHKINROSS GOLD CORPKGC0.98 %285,530.13BBG000BB2DM762,207.00
FORHPAYPAL HOLDINGS INCPYPL1.80 %526,238.10BBG0077VNXV69,045.00
FORHGrupo Aeroportuario Del Sureste SA De CV Sponsored ADR Class BASR1.62 %473,777.55BBG000B9XWX41,845.00
FORHALTRIA GROUP INCMO5.26 %1,535,202.34BBG000BP6LJ836,431.00
FORHRIO TINTO PLC-SPON ADRRIO1.86 %542,533.95BBG000FD28T38,505.00
FORHSun Communities IncSUI1.89 %550,631.89BBG000BLJWF34,651.00
FORHAMERICAN TOWER CORPAMT1.90 %555,459.04BBG000B9XYV23,422.00
FORHTEGNA INCTGNA2.48 %724,722.24BBG000BK5DP149,368.00
FORHNEWMONT GOLDCORP CORPORATION COMNEM1.98 %577,890.18BBG000BPWXK115,606.00
FORHAGNICO EAGLE MINES LTDAEM0.61 %177,025.97BBG000DLVDK33,883.00
FORHWHEATON PRECIOUS METALS CORP COMMON STOCKWPM3.72 %1,086,457.62BBG000PVRDL226,846.00
FORHWilliams Companies Inc.WMB1.74 %509,061.54BBG000BWVCP814,794.00
FORHENERGY TRANSFER EQUITY LPETE3.73 %1,089,339.98BBG000BM2FL977,699.00
FORHPFIZER INCPFE1.77 %517,451.25BBG000BR2B9116,125.00
FORHBAYTEX ENERGY CORP COMMON STOCK CAD 0BTE2.04 %594,560.19BBG000BW3M86137,949.00
FORHPIONEER NATURAL RESOURCES COPXD2.83 %825,753.94BBG000BXRPH13,526.00
FORHPETMED EXPRESS INCPETS1.64 %479,604.54BBG000BDYQR446,974.00
FORHAlliance Resource Partners L.P.ARLP1.97 %575,471.25BBG000C14X8825,075.00
FORHACTIVISION BLIZZARD INCATVI6.92 %2,021,305.86BBG000CVWGS621,609.00
FORHCASH AND CASH EQUIVALENTS5.99 %1,750,519.051,750,519.05
FORHBIP US 11/17/23 C350.00 %-320.36-80.00
FORHET US 11/17/23 C150.00 %-202.95-100.00
FORHMO US 11/03/23 C460.00 %110.28-75.00
FORHPFE US 11/03/23 C350.00 %158.81-40.00
FORHRIO US 10/20/23 C700.00 %-8.75-25.00
FORHSUI US 11/17/23 C1400.00 %-551.45-15.00
FORHWMB US 10/27/23 C360.00 %-592.19-40.00
FORHWPM US 10/27/23 C480.00 %547.11-30.00