# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0001752724-23-050321
**Filing Date:** 2023-3
**Character Count:** 18848
**Document Hash:** f46bfc5a96176596fe3424388272fe72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050321.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050321

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS
- **CENTRAL INDEX KEY:** 0000315774
- **IRS NUMBER:** 010516963
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03023
- **FILM NUMBER:** 23694209

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 2073472000

**MAIL ADDRESS:**
- **STREET 1:** FORUM FUNDS
- **STREET 2:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORUM FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAHNESTOCK DAILY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAILY INCOME EXTENSION FUND INC
- **DATE OF NAME CHANGE:** 19810607

## Series and Classes Contracts Data

### Absolute Strategies Fund (Series ID: S000004559)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000012477 | Institutional Shares | ASFIX           |

## Nport-Ex

<!-- Failed to render or process positioned HTML file '0001752724-23-050321.txt': BrowserType.launch: Target page, context or browser has been closed
Browser logs:

<launching> /scratch/m000083/tools/SEC_EDGARV2/sec_parser_v65/.playwright/chromium-1140/chrome-linux/chrome --disable-field-trial-config --disable-background-networking --disable-background-timer-throttling --disable-backgrounding-occluded-windows --disable-back-forward-cache --disable-breakpad --disable-client-side-phishing-detection --disable-component-extensions-with-background-pages --disable-component-update --no-default-browser-check --disable-default-apps --disable-dev-shm-usage --disable-extensions --disable-features=ImprovedCookieControls,LazyFrameLoading,GlobalMediaControls,DestroyProfileOnBrowserClose,MediaRouter,DialMediaRouteProvider,AcceptCHFrame,AutoExpandDetailsElement,CertificateTransparencyComponentUpdater,AvoidUnnecessaryBeforeUnloadCheckSync,Translate,HttpsUpgrades,PaintHolding,ThirdPartyStoragePartitioning,LensOverlay,PlzDedicatedWorker --allow-pre-commit-input --disable-hang-monitor --disable-ipc-flooding-protection --disable-popup-blocking --disable-prompt-on-repost --disable-renderer-backgrounding --force-color-profile=srgb --metrics-recording-only --no-first-run --enable-automation --password-store=basic --use-mock-keychain --no-service-autorun --export-tagged-pdf --disable-search-engine-choice-screen --unsafely-disable-devtools-self-xss-warnings --headless=old --hide-scrollbars --mute-audio --blink-settings=primaryHoverType=2,availableHoverTypes=2,primaryPointerType=4,availablePointerTypes=4 --no-sandbox --user-data-dir=/scratch/m000083/tmp/playwright_chromiumdev_profile-Bc75yR --remote-debugging-pipe --no-startup-window
<launched> pid=605198
[pid=605198][err] /scratch/m000083/tools/SEC_EDGARV2/sec_parser_v65/.playwright/chromium-1140/chrome-linux/chrome: error while loading shared libraries: libgbm.so.1: cannot open shared object file: No such file or directory
[pid=605198] <process did exit: exitCode=127, signal=null>
[pid=605198] starting temporary directories cleanup
Call log:
<launching> /scratch/m000083/tools/SEC_EDGARV2/sec_parser_v65/.playwright/chromium-1140/chrome-linux/chrome --disable-field-trial-config --disable-background-networking --disable-background-timer-throttling --disable-backgrounding-occluded-windows --disable-back-forward-cache --disable-breakpad --disable-client-side-phishing-detection --disable-component-extensions-with-background-pages --disable-component-update --no-default-browser-check --disable-default-apps --disable-dev-shm-usage --disable-extensions --disable-features=ImprovedCookieControls,LazyFrameLoading,GlobalMediaControls,DestroyProfileOnBrowserClose,MediaRouter,DialMediaRouteProvider,AcceptCHFrame,AutoExpandDetailsElement,CertificateTransparencyComponentUpdater,AvoidUnnecessaryBeforeUnloadCheckSync,Translate,HttpsUpgrades,PaintHolding,ThirdPartyStoragePartitioning,LensOverlay,PlzDedicatedWorker --allow-pre-commit-input --disable-hang-monitor --disable-ipc-flooding-protection --disable-popup-blocking --disable-prompt-on-repost --disable-renderer-backgrounding --force-color-profile=srgb --metrics-recording-only --no-first-run --enable-automation --password-store=basic --use-mock-keychain --no-service-autorun --export-tagged-pdf --disable-search-engine-choice-screen --unsafely-disable-devtools-self-xss-warnings --headless=old --hide-scrollbars --mute-audio --blink-settings=primaryHoverType=2,availableHoverTypes=2,primaryPointerType=4,availablePointerTypes=4 --no-sandbox --user-data-dir=/scratch/m000083/tmp/playwright_chromiumdev_profile-Bc75yR --remote-debugging-pipe --no-startup-window
  - <launched> pid=605198
  - [pid=605198][err] /scratch/m000083/tools/SEC_EDGARV2/sec_parser_v65/.playwright/chromium-1140/chrome-linux/chrome: error while loading shared libraries: libgbm.so.1: cannot open shared object file: No such file or directory
  - [pid=605198] <process did exit: exitCode=127, signal=null>
  - [pid=605198] starting temporary directories cleanup
 -->

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FORUM FUNDS

- **b. Investment Company Act file number:** 811-03023

- **c. CIK number of Registrant:** 0000315774

- **d. LEI of Registrant:** 549300LXYEU14CHGAO13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** ABSOLUTE STRATEGIES FUND

- **b. EDGAR series identifier (if any):** S000004559

- **c. LEI of Series:** VG74A4FXDB0JKRLODL41

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $34678159.80

**Total Liabilities:** $81629.55

**Net Assets:** $34596530.25

**Cash Not Reported:** $4869639.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012477 | -3.82%               | -1.23%               | 2.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-61573.65                                 |
| Month 2  | $0.00                    | $80686.44                                  |
| Month 3  | $132988.99               | $-167759.52                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### Schedule of Portfolio Investments

| Name                                     | Title                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple Inc                                | Apple, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       700 | NC      | $28700.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Structured Adjustable Rate Mor           | Structured Adjustable Rate Mortgage Loan Trust    | CUSIP: 86363GAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     14492 | PA      | $7477.07      | 0.02%             | 2047-04-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obligations Fund | First American Treasury Obligations Fund          | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14880352 | NS      | $14880352.18  | 43.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Adjustable Rate Mortgage Trust           | Adjustable Rate Mortgage Trust                    | CUSIP: 2254W0MF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     26022 | PA      | $19304.38     | 0.06%             | 2036-03-25      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                   | SPDR S&P 500 ETF Trust                            | CUSIP: 105990949<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1000 | NC      | $1000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citimortgage Alternative Loan            | CitiMortgage Alternative Loan Trust               | CUSIP: 12566VAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     10525 | PA      | $9392.67      | 0.03%             | 2037-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corpor           | Banc of America Funding Corp.                     | CUSIP: 05950DAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      6848 | PA      | $6159.52      | 0.02%             | 2036-06-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Absolute Select Value ETF                | Absolute Select Value ETF                         | CUSIP: 90470L568<br>LEI: 5493007XLR78NZO4WD80 | Long             | EC               | RF                | US        |     26763 | NS      | $744720.62    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ETFMG Prime Junior Silver Mine           | ETFMG Prime Junior Silver Miners ETF              | CUSIP: 26924G102<br>LEI: 549300EBABEX74G4MX52 | Long             | EC               | RF                | US        |      2000 | NS      | $21100.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                | Apple, Inc.                                       | CUSIP: 1QM996Y00<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       400 | NC      | $25200.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                   | SPDR S&P 500 ETF Trust                            | CUSIP: 24999S747<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       750 | NC      | $71250.00     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| IndyMac INDX Mortgage Loan Tru           | IndyMac Index Mortgage Loan Trust                 | CUSIP: 45661HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     28196 | PA      | $19171.10     | 0.06%             | 2036-09-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Absolute Convertible Arbitrage           | Absolute Convertible Arbitrage Fund               | CUSIP: 34984T287<br>LEI: 254900X33KL2ACION121 | Long             | EC               | RF                | US        |    109294 | NS      | $1176006.12   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                | Apple, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      1500 | NC      | $115500.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Absolute Capital Opportunities           | Absolute Capital Opportunities Fund               | CUSIP: 34985A709<br>LEI: 254900V1F0SK0ITURS31 | Long             | EC               | RF                | US        |    689143 | NS      | $6546856.24   | 18.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                               | Pfizer, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      1000 | NC      | $4500.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                   | SPDR S&P 500 ETF Trust                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       750 | NC      | $113250.00    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Absolute Convertible Opportuni           | Absolute Convertible Opportunities Fund           | CUSIP: 34985D109<br>LEI: N/A                  | Long             | EC               | RF                | US        |    501907 | NS      | $5084314.93   | 14.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Banc of America Funding Corpor           | Banc of America Funding Corp.                     | CUSIP: 05954DAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     14922 | PA      | $13987.46     | 0.04%             | 2047-07-20      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| VanEck Gold Miners ETF/USA               | VanEck Gold Miners ETF/USA                        | CUSIP: 92189F106<br>LEI: 54930031TORTKAM9TJ98 | Long             | EC               | RF                | US        |      4000 | NS      | $114640.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P 500 E-mini Future                    | S&P 500 E-mini Future                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -55 | NC      | $-10617750.00 | -30.69%           |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares                         | SPDR Gold Shares                                  | CUSIP: 78463V107<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1500 | NS      | $254460.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Citimortgage Alternative Loan            | CitiMortgage Alternative Loan Trust               | CUSIP: 12566TAM9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     28215 | PA      | $24364.94     | 0.07%             | 2036-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T           | Countrywide Alternative Loan Trust                | CUSIP: 12668ALH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8988 | PA      | $7366.75      | 0.02%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                 | JPMorgan Mortgage Trust                           | CUSIP: 46630PAZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      6674 | PA      | $5446.29      | 0.02%             | 2037-04-25      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| Adjustable Rate Mortgage Trust           | Adjustable Rate Mortgage Trust                    | CUSIP: 225470E82<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     11443 | PA      | $9393.61      | 0.03%             | 2036-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                | Apple, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       500 | NC      | $71250.00     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                     | Bank of America Corp.                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      1000 | NC      | $3000.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Countrywide Home Loans                   | Countrywide Home Loan Mortgage Pass-Through Trust | CUSIP: 12544BAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     12803 | PA      | $9456.22      | 0.03%             | 2047-09-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                   | SPDR S&P 500 ETF Trust                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       500 | NC      | $91000.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** Forum Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer