Skip to content
etf.net

Launched · SEC filings

Formidable ETF

FORHCboeF

$24.290.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

F14/ 100

Rank 42 of 44 in Global Active Equity

F14/100Rank 42 of 44inGlobal Active Equity
Intraday session: flat, 1 prints from 24.29 to 24.29. Range 24.29 to 24.29. Use the arrow keys to read each point.23.5024.0025.0010 AM12 PM2 PM4 PM
Expense ratio
1.19%
Fund size
$19M
1Y total return
−7.3%
Yield · Last 12 months
1.82%
Holdings
42
Avg volume · 30D
0M sh
NAV per share
$24.38
52W range
low $23.40high $27.79
Launched
Filings
SEC EDGAR

The ETF.net FORH Grade

Based on 5 of 6 pillars

F

Score 14 out of 100

Category
Global Active Equity⁠
Rank
42 of 44
Six-pillar profile for FORH. Scores out of 100: Cost 5, Risk 21, Mission not scored, Tradability 7, Holdings 41, Durability 32. Strongest: Holdings (41). Weakest: Cost (5). Based on 5 of 6 pillars.

Score 14 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F5 out of 100
    Rank 42 of 44

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 35 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F7 out of 100
    Rank 43 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 32 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 38 of 44

Our read on FORH

ETF.net Research

FMost global equity funds hand you the whole market cheaply. FORH goes the other way: a concentrated, actively picked stock book with an optional tail hedge built from options and volatility-linked funds.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Two jobs in one wrapper: active stock selection plus a hedge the manager can switch on using put and call options, volatility-linked ETFs and ETNs.sec.govformidablefunds.com
  2. 02No index to hug. It is actively managed and non-diversified, so a handful of high-conviction names can carry the portfolio.sec.gov
  3. 03Running since 2021, so the strategy has a live record through real market swings rather than a backtest.formidablefunds.com

Worth knowing

  1. 01The 1.19% fee sits well above the median for its global active-equity peers, where index-built rivals like GSWO and AVGE charge a fraction of that.
  2. 02Small and thinly traded, so spreads can be wider and larger orders may move the price more than in a giant index fund.
  3. 03Hedging is not free: options and volatility exposure can drag when markets climb steadily, and concentration cuts both ways.sec.govformidablefunds.com

FORH Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
42
Top-10 weight
44%
Largest holding
ACTG10.0%

Sectors

  • Industrials36.2%
  • Technology17.7%
  • Health Care15.7%
  • Energy15.2%
  • Materials9.0%
  • Utilities3.9%
  • Financials2.5%

Geography

  • United States79.54%
  • Canada8.92%
  • United Kingdom3.91%
  • Cayman Islands2.96%
  • Panama2.37%
  • Switzerland2.29%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ACTGAcacia Research Corp9.95%410,918$2M50
002—Treasury Bill5.86%1,045,000$1M2
003BUnited Sts Treas Bills 0.0 25MAR274.90%890,000$873K52
004TLNETalen Energy Corp4.00%1,884$713K3
005VEEVVeeva Systems Inc-Class A3.95%2,379$704K323
006HSTMHealthstream Inc3.50%18,871$625K101
007ARLPAlliance Resource Partners L.P.3.18%23,021$567K16
008GNRCGenerac Holdings Inc2.98%2,362$531K221
009PAASPan American Silver Corp2.95%11,362$526K33
010SMSm Energy Co2.93%14,105$522K162
011—Ati Inc Common Stock USD.12.90%2,693$517K1
012PAGPPlains Gp Holdings Lp-Cl A2.68%17,960$478K44
013AVAVAerovironment Inc2.67%3,476$477K137
014CRDOCredo Technology Group Ho2.63%2,170$470K234
015VNOMViper Energy, Inc.2.63%10,913$469K134

Showing 1–15 of 42 holdings

FORH Performance

Launched Apr 28, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FORH$9,270
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FORH $9,270. SPY $12,044. Use the arrow keys to read each point.$8,784$10,543$12,302Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FORH. Periods over one year show the average yearly return.
PeriodFORH
Year to date+0.3%
1 month−1.1%
3 months−0.6%
1 year−7.3%
3 yearsper year+5.4%
5 yearsper year+2.0%
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FORH
YearReturn barFORH
2026 YTD+0.3%
2025+16.2%
2024−5.6%
2023−0.7%
2022−1.7%
2021−0.1%

History from Apr 30, 2021

FORH in the news

Filtered to FORH · Global Active Equity

FORH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
1.82%Last 12 months
Payout per share
$0.44Last 12 months
Last payment
$0.44 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2021–2026

One bar per payment. 4 payments from 2021 to 2026 YTD. Dec 27, 2021 $0.17; Dec 27, 2022 $0.87; Dec 26, 2023 $0.87; Dec 24, 2025 $0.44. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.44
Dec 26, 2023Dec 28, 2023$0.87
Dec 27, 2022Dec 29, 2022$0.87
Dec 27, 2021Dec 29, 2021$0.17

FORH Risk

How much the fund’s monthly returns vary, scaled to a year.
13.4%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.06
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−20.8%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.72
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FORH Cost

Expense ratio1.19%
  • The middle half of Global Active Equity funds
  • Median 0.69%

41 of the 44 Global Active Equity funds charge less.

FORH costs $119.00 a year on $10,000. The median Global Active Equity fund costs $69.00.

Other funds in Global Active Equity

See others