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 Ticker | Equity | Equity Ticker | Weight | Market Value | FIGI | Shares Held |
| FORH | TGNA US 11/17/23 C17 | 0.00 % | 220.57 | -150.00 | ||
| FORH | KGC US 11/17/23 C6 | 0.00 % | 502.05 | BBG01FWS5BK6 | -100.00 | |
| FORH | NEM US 10/13/23 C42 | 0.00 % | 744.11 | BBG01J4L30B0 | -30.00 | |
| FORH | ACTG US 11/17/23 C5 | 0.00 % | -534.87 | BBG01FVR3Z55 | -538.00 | |
| FORH | BCAB US 10/20/23 C5 | 0.00 % | 1,380.17 | BBG01F98JSB4 | -500.00 | |
| FORH | ET US 10/27/23 C14.5 | 0.00 % | 23.05 | BBG01J6WQ9H4 | -100.00 | |
| FORH | HYG US 10/20/23 P72 | -0.04 % | -11,290.43 | BBG01B3YPFZ7 | 1,375.00 | |
| FORH | HYG US 10/20/23 P73 | 0.04 % | 12,477.95 | BBG01B3YPH29 | 750.00 | |
| FORH | IWM US 10/20/23 P166 | -0.01 % | -1,697.98 | BBG01G5K4VC7 | -100.00 | |
| FORH | IWM US 10/20/23 P168 | -0.03 % | -7,837.96 | BBG01G5K4XK4 | -200.00 | |
| FORH | IWM US 10/20/23 P176 | 0.04 % | 11,597.06 | BBG01G5K56F8 | 100.00 | |
| FORH | IWM US 10/20/23 P178 | 0.12 % | 35,893.12 | BBG01G5K58N5 | 200.00 | |
| FORH | ATVI US 10/20/23 C90 | -0.03 % | -9,943.07 | BBG01HDP7FV6 | -216.00 | |
| FORH | MREO US 11/17/23 C2.5 | -0.03 % | -7,615.21 | BBG01FWYC0F5 | -1,331.00 | |
| FORH | PETS US 10/20/23 C12.5 | 0.05 % | 13,596.07 | BBG01HYS4TN9 | -469.00 | |
| FORH | PYPL US 10/20/23 C70 | 0.00 % | 1,012.55 | BBG01FBGSM71 | -15.00 | |
| FORH | SILV US 10/20/23 C6 | 0.00 % | -15.40 | BBG01HYZWGL2 | -387.00 | |
| FORH | STR US 10/20/23 C30 | 0.00 % | -326.37 | BBG01FBQN6G9 | -80.00 | |
| FORH | AEM US 10/20/23 C55 | 0.00 % | 370.70 | BBG01HXHJBR3 | -10.00 | |
| FORH | AMT US 10/20/23 C200 | 0.01 % | 2,287.95 | BBG01F95NL66 | -34.00 | |
| FORH | ARLP US 10/20/23 C22.5 | -0.01 % | -4,093.77 | BBG01HXL5GG0 | -60.00 | |
| FORH | BTE US 10/20/23 C5 | 0.00 % | -576.53 | BBG01G51PGB0 | -560.00 | |
| FORH | CTMX US 11/17/23 C2.5 | 0.00 % | -307.83 | BBG01FW4NPY3 | -299.00 | |
| FORH | DK US 10/20/23 C30 | 0.00 % | -1,340.75 | BBG01F9KQV77 | -25.00 | |
| FORH | KGC US 09/29/23 C5.5 | 0.00 % | 597.05 | BBG01HV0TVC3 | -100.00 | |
| FORH | LAC US 09/29/23 C21 | 0.01 % | 1,494.77 | BBG01HV199B3 | -75.00 | |
| FORH | UNITED STATES TREASURY BILL ZCP | B 0 12/21/23 | 7.10 % | 2,074,428.30 | BBG01H2PZ889 | 2,100,000.00 |
| FORH | TREASURY BILL | TBILL | 2.23 % | 650,096.20 | BBG01G7RKLH9 | 652,000.00 |
| FORH | SITIO ROYALTIES CORP-A | 2215704D | 2.80 % | 816,735.92 | BBG01C36Y855 | 33,418.00 |
| FORH | BIOATLA INC | BCAB | 0.98 % | 286,926.26 | BBG00Y6GBT61 | 160,294.00 |
| FORH | Flux Power Holdings Inc. | FLUX | 4.73 % | 1,381,131.51 | BBG000CKGHF0 | 380,477.00 |
| FORH | ROYALTY PHARMA PLC CL A COMMON STOCK | RPRX US | 3.14 % | 915,634.98 | BBG00V1L5YZ5 | 34,191.00 |
| FORH | BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USD | BIP | 2.79 % | 815,152.30 | BBG000B9Y8D8 | 27,290.00 |
| FORH | MEREO BIOPHARMA GROUP PL ADR ADR | MREO | 1.49 % | 434,807.34 | BBG00KFWZC67 | 331,914.00 |
| FORH | DELEK US HOLDINGS INC COMMON STOCK USD 0.01 | DK | 1.60 % | 467,580.50 | BBG00FZYFVC5 | 15,770.00 |
| FORH | LITHIUM AMERICAS CORP COMMON STOCK | LAC | 3.47 % | 1,014,866.85 | BBG000BGM5P8 | 59,245.00 |
| FORH | SILVERCREST METALS INC | SILV | 2.14 % | 624,501.00 | BBG00B9JN9J9 | 138,778.00 |
| FORH | CYTOMX THERAPEUTICS INC | CTMX | 1.39 % | 407,182.08 | BBG001J472L3 | 318,111.00 |
| FORH | ACACIA RESEARCH CORP | ACTG | 6.68 % | 1,951,354.24 | BBG000KF9J02 | 554,362.00 |
| FORH | ALGONQUIN POWER & UTILITIES | AQN | 2.18 % | 635,473.85 | BBG000G28WZ0 | 105,037.00 |
| FORH | RCI HOSPITALITY HOLDINGS INC | RICK | 0.89 % | 259,168.41 | BBG000FLT111 | 4,293.00 |
| FORH | BRITISH AMERICAN TOB-SP ADR | BTI | 3.55 % | 1,037,485.56 | BBG000BWPXQ8 | 33,062.00 |
| FORH | KINROSS GOLD CORP | KGC | 0.98 % | 285,530.13 | BBG000BB2DM7 | 62,207.00 |
| FORH | PAYPAL HOLDINGS INC | PYPL | 1.80 % | 526,238.10 | BBG0077VNXV6 | 9,045.00 |
| FORH | Grupo Aeroportuario Del Sureste SA De CV Sponsored ADR Class B | ASR | 1.62 % | 473,777.55 | BBG000B9XWX4 | 1,845.00 |
| FORH | ALTRIA GROUP INC | MO | 5.26 % | 1,535,202.34 | BBG000BP6LJ8 | 36,431.00 |
| FORH | RIO TINTO PLC-SPON ADR | RIO | 1.86 % | 542,533.95 | BBG000FD28T3 | 8,505.00 |
| FORH | Sun Communities Inc | SUI | 1.89 % | 550,631.89 | BBG000BLJWF3 | 4,651.00 |
| FORH | AMERICAN TOWER CORP | AMT | 1.90 % | 555,459.04 | BBG000B9XYV2 | 3,422.00 |
| FORH | TEGNA INC | TGNA | 2.48 % | 724,722.24 | BBG000BK5DP1 | 49,368.00 |
| FORH | NEWMONT GOLDCORP CORPORATION COM | NEM | 1.98 % | 577,890.18 | BBG000BPWXK1 | 15,606.00 |
| FORH | AGNICO EAGLE MINES LTD | AEM | 0.61 % | 177,025.97 | BBG000DLVDK3 | 3,883.00 |
| FORH | WHEATON PRECIOUS METALS CORP COMMON STOCK | WPM | 3.72 % | 1,086,457.62 | BBG000PVRDL2 | 26,846.00 |
| FORH | Williams Companies Inc. | WMB | 1.74 % | 509,061.54 | BBG000BWVCP8 | 14,794.00 |
| FORH | ENERGY TRANSFER EQUITY LP | ETE | 3.73 % | 1,089,339.98 | BBG000BM2FL9 | 77,699.00 |
| FORH | PFIZER INC | PFE | 1.77 % | 517,451.25 | BBG000BR2B91 | 16,125.00 |
| FORH | BAYTEX ENERGY CORP COMMON STOCK CAD 0 | BTE | 2.04 % | 594,560.19 | BBG000BW3M86 | 137,949.00 |
| FORH | PIONEER NATURAL RESOURCES CO | PXD | 2.83 % | 825,753.94 | BBG000BXRPH1 | 3,526.00 |
| FORH | PETMED EXPRESS INC | PETS | 1.64 % | 479,604.54 | BBG000BDYQR4 | 46,974.00 |
| FORH | Alliance Resource Partners L.P. | ARLP | 1.97 % | 575,471.25 | BBG000C14X88 | 25,075.00 |
| FORH | ACTIVISION BLIZZARD INC | ATVI | 6.92 % | 2,021,305.86 | BBG000CVWGS6 | 21,609.00 |
| FORH | CASH AND CASH EQUIVALENTS | 5.99 % | 1,750,519.05 | 1,750,519.05 | ||
| FORH | BIP US 11/17/23 C35 | 0.00 % | -320.36 | -80.00 | ||
| FORH | ET US 11/17/23 C15 | 0.00 % | -202.95 | -100.00 | ||
| FORH | MO US 11/03/23 C46 | 0.00 % | 110.28 | -75.00 | ||
| FORH | PFE US 11/03/23 C35 | 0.00 % | 158.81 | -40.00 | ||
| FORH | RIO US 10/20/23 C70 | 0.00 % | -8.75 | -25.00 | ||
| FORH | SUI US 11/17/23 C140 | 0.00 % | -551.45 | -15.00 | ||
| FORH | WMB US 10/27/23 C36 | 0.00 % | -592.19 | -40.00 | ||
| FORH | WPM US 10/27/23 C48 | 0.00 % | 547.11 | -30.00 | ||