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 | 1.20% |
| Asset Class | Exchange | Advisor |
| Equity | NYSE Arca, Inc. | Formidable Asset Management |
| As of Date | NAV($) | Market Price($) | Premium/Discount |
| 12/01/2022 | 25.3139 | 25.27 | -0.1734 |
| 30 Day Median Bid/Ask | Shares Outstanding | Total Net Assets |
| 0.003727 | 1,150,000 | $29,060,500.00 |
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Fund Performance
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| NAV % | Market % | |
|---|---|---|
| ROLLING | ||
| 1 Month | 9.70 % | 9.64 % |
| 3 Month | 4.76 % | 4.59 % |
| YTD | 2.73 % | 2.51 % |
| SINCE INCEPTION | ||
| Daily (as of 12/3/2022) |
1.26 %
|
1.08 % |
| Monthly (as of 11/30/2022) | 0.70 % | 0.64 % |
| Quarterly (as of 9/30/2022) | -8.43 % | -8.09 % |
| HISTORIC | ||
| Last Month (as of 11/30/2022) | 6.27 % | 6.19 % |
| Last Quarter (as of 9/30/2022) | -3.06 % | -2.55 % |
| Last Year (as of 9/30/2022) | -4.64 % | -4.34 % |
* 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 1.20%.
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 |
|---|---|---|---|---|---|
| Premium | 39 | 38 | 48 | 34 | 34 |
| Discount | 3 | 26 | 16 | 28 | 28 |
Fund Holdings
Fund holdings are subject to change without notice. Holdings are as of market close on 12/01/2022.
| Holdings as of market close 2022-12-01 | ||||||
| ETF Ticker | Equity | Equity Ticker | Weight | Market Value | FIGI | Shares Held |
| FORH | META US 12/16/22 C135 | 0.00 % | 399.68 | BBG016SK7ZP8 | -10.00 | |
| FORH | RADI US 12/16/22 C12.5 | -0.02 % | -5,898.86 | BBG01B4FDM85 | -125.00 | |
| FORH | RICK US 12/16/22 C90 | -0.01 % | -2,230.36 | BBG01B4G4615 | -10.00 | |
| FORH | HYG US 12/16/22 P71 | -0.41 % | -117,950.15 | BBG016F1Q4T8 | 2,250.00 | |
| FORH | BCAB US 01/20/23 C12.5 | -0.01 % | -2,947.93 | -155.00 | ||
| FORH | META US 12/16/22 C130 | 0.00 % | -384.32 | BBG016SK7YL5 | -10.00 | |
| FORH | PETS US 12/16/22 C25 | 0.01 % | 4,242.46 | BBG016T6HYS7 | -150.00 | |
| FORH | SILV US 12/16/22 C7.5 | 0.00 % | -1,411.79 | BBG016699K14 | -500.00 | |
| FORH | CTMX US 12/16/22 C2.5 | -0.03 % | -7,502.90 | BBG01B3M3892 | -1,250.00 | |
| FORH | MREO US 12/16/22 C2.5 | 0.00 % | -772.14 | BBG01B46WZD9 | -750.00 | |
| FORH | RIO US 12/16/22 C65 | -0.08 % | -23,468.52 | BBG01B4G60W2 | -50.00 | |
| FORH | ATVI US 12/16/22 C85 | 0.00 % | 1,013.49 | BBG012C98CN1 | -50.00 | |
| FORH | GNW US 12/16/22 C4.5 | -0.12 % | -34,001.38 | BBG016SNND64 | -754.00 | |
| FORH | RADIUS GLOBAL INFRASTRUCTURE INC C | RADI | 1.57 % | 456,409.12 | BBG00K5TV6P1 | 35,408.00 |
| FORH | BIOATLA INC | BCAB | 1.18 % | 340,723.46 | BBG00Y6GBT61 | 31,607.00 |
| FORH | F STAR THERAPEUTICS INC | FSTX | 1.24 % | 358,607.59 | 63,866.00 | |
| FORH | Flux Power Holdings Inc. | FLUX | 6.92 % | 2,007,655.00 | BBG000CKGHF0 | 401,531.00 |
| FORH | ROYALTY PHARMA PLC CL A COMMON STOCK | RPRX US | 3.24 % | 940,254.00 | BBG00V1L5YZ5 | 21,350.00 |
| FORH | BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USD | BIP | 3.27 % | 947,336.79 | BBG000B9Y8D8 | 26,293.00 |
| FORH | Brigham Minerals Inc. | MNRL | 2.02 % | 584,724.82 | BBG00NNGLW13 | 16,274.00 |
| FORH | MEREO BIOPHARMA GROUP PL ADR ADR | MREO | 0.79 % | 227,784.86 | BBG00KFWZC67 | 288,080.00 |
| FORH | LITHIUM AMERICAS CORP COMMON STOCK | LAC | 4.09 % | 1,186,390.80 | BBG000BGM5P8 | 47,079.00 |
| FORH | SILVERCREST METALS INC | SILV | 2.81 % | 815,460.04 | BBG00B9JN9J9 | 120,452.00 |
| FORH | CYTOMX THERAPEUTICS INC | CTMX | 1.88 % | 544,178.43 | BBG001J472L3 | 318,233.00 |
| FORH | SPOK HOLDINGS INC | SPOK | 1.33 % | 386,957.80 | BBG000N4KB80 | 48,982.00 |
| FORH | ACACIA RESEARCH CORP | ACTG | 6.20 % | 1,796,231.70 | BBG000KF9J02 | 443,514.00 |
| FORH | ALGONQUIN POWER & UTILITIES | AQN | 1.00 % | 290,634.42 | BBG000G28WZ0 | 38,141.00 |
| FORH | RCI HOSPITALITY HOLDINGS INC | RICK | 1.48 % | 430,396.82 | BBG000FLT111 | 4,726.00 |
| FORH | BRITISH AMERICAN TOB-SP ADR | BTI | 4.15 % | 1,202,571.90 | BBG000BWPXQ8 | 28,701.00 |
| FORH | META PLATFORMS INC | META | 1.52 % | 440,930.84 | BBG000MM2P62 | 3,661.00 |
| FORH | Grupo Aeroportuario Del Sureste SA De CV Sponsored ADR Class B | ASR | 1.38 % | 399,018.10 | BBG000B9XWX4 | 1,607.00 |
| FORH | ALTRIA GROUP INC | MO | 4.53 % | 1,313,788.47 | BBG000BP6LJ8 | 27,947.00 |
| FORH | RIO TINTO PLC-SPON ADR | RIO | 2.60 % | 753,854.46 | BBG000FD28T3 | 10,897.00 |
| FORH | SILICON MOTION TECHNOL-ADR | SIMO | 1.52 % | 441,707.18 | BBG000GT7XY1 | 7,009.00 |
| FORH | Sun Communities Inc | SUI | 2.05 % | 594,578.20 | BBG000BLJWF3 | 4,042.00 |
| FORH | AMERICAN TOWER CORP | AMT | 1.41 % | 408,741.10 | BBG000B9XYV2 | 1,847.00 |
| FORH | IRON MOUNTAIN INC | IRM | 2.49 % | 721,178.70 | BBG000KCZPC3 | 13,165.00 |
| FORH | TEGNA INC | TGNA | 1.31 % | 379,279.00 | BBG000BK5DP1 | 19,204.00 |
| FORH | NEWMONT GOLDCORP CORPORATION COM | NEM | 2.05 % | 594,205.38 | BBG000BPWXK1 | 12,234.00 |
| FORH | Yamana Gold Inc. | AUY | 1.87 % | 541,547.82 | BBG000NSQ9M0 | 94,842.00 |
| FORH | WHEATON PRECIOUS METALS CORP COMMON STOCK | WPM | 3.71 % | 1,076,901.04 | BBG000PVRDL2 | 26,842.00 |
| FORH | Williams Companies Inc. | WMB | 2.07 % | 600,030.36 | BBG000BWVCP8 | 17,183.00 |
| FORH | ENERGY TRANSFER EQUITY LP | ETE | 2.43 % | 705,086.76 | BBG000BM2FL9 | 56,679.00 |
| FORH | Genworth Financial Inc. Class A | GNW | 3.54 % | 1,027,007.96 | BBG000J5Q6L2 | 202,966.00 |
| FORH | PIONEER NATURAL RESOURCES CO | PXD | 2.78 % | 805,187.76 | BBG000BXRPH1 | 3,368.00 |
| FORH | PETMED EXPRESS INC | PETS | 2.72 % | 788,122.76 | BBG000BDYQR4 | 40,772.00 |
| FORH | ACTIVISION BLIZZARD INC | ATVI | 3.86 % | 1,119,579.10 | BBG000CVWGS6 | 14,890.00 |
| FORH | CASH AND CASH EQUIVALENTS | 13.77 % | 3,991,251.69 | 3,991,251.69 | ||
| FORH | BCAB US 12/16/22 C10 | -0.02 % | -6,704.28 | -75.00 | ||
| FORH | HYG US 12/16/22 P72 | -0.10 % | -30,304.27 | 1,000.00 | ||
| FORH | LAC US 12/16/22 C32.5 | 0.00 % | 613.03 | -100.00 | ||
| FORH | MNRL US 12/16/22 C40 | 0.00 % | -526.49 | -50.00 | ||
| FORH | PETS US 12/16/22 C20 | 0.00 % | 1,258.22 | -90.00 | ||