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
2/29/2024 21.9541 21.9833 0.133
30 Day Median Bid/Ask Shares Outstanding Total Net Assets
0.004201 1,250,000 27,479,125.00

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Fund Performance

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NAV % Market %
ROLLING
1 Month 1.42 1.51
3 Month -2.51 -2.56
YTD -2.52 -1.59
SINCE
INCEPTION
Daily (as of 2/29/2024) -12.18 -12.07
Monthly (as of 2/29/2024) -12.18 -12.07
Quarterly (as of 12/29/2023) -9.92 -10.65
HISTORIC
Last Month (as of 2/2/2024) 0.56 0.66
Last Quarter (as of 12/29/2023) 2.56 1.7
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 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 2023 Q3 2023 Q4
Premium 39 38 48 34 34 43 32 31 35 16 18
Discount 3 26 16 28 28 21 31 31 27 45 45

Fund Holdings

Fund holdings are subject to change without notice. Holdings are as of market close on 2/29/2024.

Holdings as of market close 2024-02-29
ETF TickerEquityEquity TickerWeightMarket ValueFIGIShares Held
FORHHYG US 03/15/24 P730.01 %3,000.001,000.00
FORHUS T-BILL DN 6/20/2024B 0 06/20/244.27 %1,170,972.76BBG01KMCKPK31,190,000.00
FORHTREASURY BILL 0 4/4/2024B 0 04/04/245.24 %1,438,802.39BBG01JKVKFZ21,446,000.00
FORHLITHIUM AMERICAS CORP-W/ILAC-W2.54 %697,423.16BBG01JLDH7S1127,267.00
FORHLITHIUM AMERICAS CORPLAAC.UN2.52 %692,167.07BBG01JLDJ6X5140,399.00
FORHTREASURY BILLTBILL4.27 %1,171,559.65BBG01FY571T51,175,000.00
FORHCTMX US 03/17/23 C2.5-0.12 %-33,575.00-1,343.00
FORHSITIO ROYALTIES CORP-A2215704D2.62 %719,468.96BBG01C36Y85531,528.00
FORHBIOATLA INCBCAB1.49 %408,299.40BBG00Y6GBT61151,222.00
FORHFlux Power Holdings Inc.FLUX7.48 %2,053,077.33BBG000CKGHF0445,353.00
FORHROYALTY PHARMA PLC CL A COMMON STOCKRPRX US3.57 %978,647.04BBG00V1L5YZ532,256.00
FORHBROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PART USDBIP1.86 %509,905.92BBG000B9Y8D817,904.00
FORHCAPRI HOLDINGS LTDCPRI1.45 %397,133.17BBG0029SNR638,609.00
FORHNEXTERA ENERGY PARTNERS LPNEP1.62 %443,695.44BBG006JNW32116,152.00
FORHALIBABA GROUP HOLDING-SP ADRBABA1.52 %417,307.11BBG006G2JVL25,637.00
FORHCYTOMX THERAPEUTICS INCCTMX2.68 %735,257.25BBG001J472L3300,105.00
FORHACACIA RESEARCH CORPACTG7.70 %2,112,859.40BBG000KF9J02522,985.00
FORHALGONQUIN POWER & UTILITIESAQN2.11 %579,699.90BBG000G28WZ099,094.00
FORHBRITISH AMERICAN TOB-SP ADRBTI3.40 %932,358.77BBG000BWPXQ831,193.00
FORHPAYPAL HOLDINGS INCPYPL2.51 %690,289.60BBG0077VNXV611,440.00
FORHGrupo Aeroportuario Del Sureste SA De CV Sponsored ADR Class BASR1.34 %368,551.24BBG000B9XWX41,252.00
FORHALTRIA GROUP INCMO5.12 %1,406,076.70BBG000BP6LJ834,370.00
FORHSun Communities IncSUI2.61 %716,284.80BBG000BLJWF35,355.00
FORHAMERICAN TOWER CORPAMT2.52 %692,828.24BBG000B9XYV23,484.00
FORHTEGNA INCTGNA2.38 %652,515.75BBG000BK5DP146,575.00
FORHNEWMONT GOLDCORP CORPORATION COMNEM2.38 %652,062.50BBG000BPWXK120,866.00
FORHAGNICO EAGLE MINES LTDAEM1.94 %533,033.46BBG000DLVDK311,091.00
FORHWHEATON PRECIOUS METALS CORP COMMON STOCKWPM3.21 %881,713.14BBG000PVRDL221,406.00
FORHWilliams Companies Inc.WMB1.32 %363,389.34BBG000BWVCP810,111.00
FORHENERGY TRANSFER EQUITY LPETE3.91 %1,073,126.64BBG000BM2FL973,301.00
FORHBAYTEX ENERGY CORP COMMON STOCK CAD 0BTE3.02 %828,777.95BBG000BW3M86259,805.00
FORHPIONEER NATURAL RESOURCES COPXD2.85 %782,712.32BBG000BXRPH13,328.00
FORHJD.COM INC-ADRJD1.48 %406,164.72BBG005YHY0Q717,956.00
FORHAlliance Resource Partners L.P.ARLP2.57 %705,261.00BBG000C14X8837,119.00
FORHVIKING THERAPEUTICS INCVKTX1.25 %342,795.45BBG006LGV8694,449.00
FORHARCHER-DANIELS-MIDLAND COADM1.52 %416,382.40BBG000BB6WG87,840.00
FORHVKTX US 03/15/24 C100-0.02 %-5,392.51-15.00
FORHCASH AND CASH EQUIVALENTS1.94 %532,913.00532,913.00
FORHPYPL US 03/15/24 C700.00 %-210.00-30.00
FORHLAC US 04/19/24 C7.50.00 %-1,354.70-272.00
FORHJD US 03/15/24 C27.50.00 %-665.00-35.00
FORHIWM US 03/28/24 P1850.02 %5,300.00100.00
FORHIWM US 03/28/24 P176-0.01 %-2,100.00-100.00
FORHIWM US 03/15/24 P1900.02 %5,700.00150.00
FORHIWM US 03/15/24 P1880.01 %1,450.0050.00
FORHIWM US 03/15/24 P1870.01 %1,950.0075.00
FORHIWM US 03/15/24 P1820.00 %1,125.0075.00
FORHIWM US 03/15/24 P1770.00 %-675.00-75.00
FORHHYG US 04/19/24 P740.05 %12,772.05750.00
FORHHYG US 03/15/24 P760.02 %5,500.00500.00
FORHHYG US 03/15/24 P750.03 %9,000.001,500.00
FORHFLUX US 04/19/24 C7.5-0.01 %-3,397.50-453.00
FORHCTMX US 04/19/24 C2.5-0.04 %-10,000.00-250.00
FORHBCAB US 04/19/24 C2.5-0.03 %-9,000.00-180.00
FORHBCAB US 03/15/24 C2.5-0.10 %-28,000.00-800.00
FORHBABA US 03/15/24 C850.00 %-240.00-15.00
FORHASR US 03/15/24 C310-0.02 %-5,555.00-11.00
FORHHYG US 03/15/24 P740.01 %1,500.00500.00