FORH Fees and Costs — Formidable ETF
Data updated: 2026-08-25
The net expense ratio is 1.19%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $116K in broker commissions, 0.5695% of average net assets, and portfolio turnover was 73%.
FORH Fees and Expenses
Annual operating expenses and sales charges of FORH. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.19% |
| Fee waiver | — |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FORH Costs Over Time
On $10,000 invested in FORH, assuming 5% a year before costs, total costs come to $1,084 over 5 years, cutting the return by 1.85% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.19%) | $125 | $387 | $665 |
| Trading costs (broker commissions) | $60 | $185 | $318 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $185 | $600 | $1,084 |
| Value after costs | $10,315 | $10,976 | $11,679 |
| Impact on return, per year | 1.85% | 1.85% | 1.85% |
FORH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.5695%
- Total broker commissions: $116K
- Bought from dealers (principal trades, not a cost): $11.7M
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
FORH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $93K | 80.40% |
| BGC Partners, Inc. | $8K | 7.10% |
| Robert W. Baird & Co. Incorporated | $6K | 5.55% |
| BNY Mellon Capital Markets, LLC | $3K | 2.71% |
| BofA Securities, Inc. | $2K | 1.30% |
| Citigroup Global Markets Inc. | $1K | 0.92% |
| Goldman Sachs & Co. LLC | $1K | 0.89% |
| Virtu Americas LLC | $959 | 0.83% |
| Evercore Group L.L.C. | $230 | 0.20% |
| Mirae Asset Securities (USA) Inc. | $132 | 0.11% |
FORH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.6M | 22.24% |
| BMO Capital Markets Corp. | $1.7M | 14.15% |
| Barclays Capital Inc. | $1.5M | 12.80% |
| Pershing LLC | $1.2M | 9.87% |
| Stifel, Nicolaus & Company, Incorporated | $1.0M | 8.82% |
| RBC Capital Markets, LLC | $1.0M | 8.65% |
| Citigroup Global Markets Inc. | $1.0M | 8.54% |
| Wells Fargo Securities, LLC | $996K | 8.49% |
| BGC Partners, Inc. | $754K | 6.43% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.