# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0000315774-26-000123
**Filing Date:** 2026-4
**Character Count:** 25772
**Document Hash:** c71a98a1844540c5b997ff67fda54e5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000315774-26-000123.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0000315774-26-000123

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS
- **CENTRAL INDEX KEY:** 0000315774

**ORGANIZATION NAME:**
- **EIN:** 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:** 26877030

**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

### DF Dent Small Cap Growth Fund (Series ID: S000037552)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000115949 | Investor Shares           | DFDSX           |
| C000195206 | Institutional Shares      | DFSGX           |
| C000256263 | Institutional Plus Shares | DFSLX           |

## Nport-Ex

DF

DENT

GROWTH

FUNDS

DF

DENT

SMALL

CAP

GROWTH

FUND

SCHEDULE

OF

INVESTMENTS

(Unaudited)

MARCH

31,

2026

The

following

is

a

summary

of

the

inputs

used

to

value

the

Fund's investments

as

of

March

31,

2026. The

Fund

has

a

three-tier

fair

value

hierarchy.

The

basis

of

the

tiers

is

dependent

upon

the

various

"inputs"

used

to

determine

the

value

of

the

Fund's

investments.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

–

quoted

prices

in

active

markets

for

identical

assets

Level

–

Prices

determined

using

significant

other

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

Shares

Security

Description

Value

Common

Stock

-

97.3%

Consumer

Discretionary

-

4.8%

55,332

Floor

&

Decor

Holdings,

Inc.,

Class A

(a) $

2,810,866

3,653

Murphy

USA,

Inc.

1,804,472

85,370

Warby

Parker,

Inc.

(a) 1,798,746

4,591

Wingstop,

Inc.

711,467

7,125,551

Consumer

Staples

-

1.2%

227,741

Utz

Brands,

Inc.

1,803,709

Financials

-

6.7%

51,187

Goosehead

Insurance,

Inc.,

Class A

(a) 2,183,638

25,378

Hamilton

Lane,

Inc.,

Class A

2,522,573

7,967

Kinsale

Capital

Group,

Inc.

2,722,005

6,637

MarketAxess

Holdings,

Inc.

1,094,972

8,452

Morningstar,

Inc.

1,428,811

9,951,999

Health

Care

-

13.8%

76,373

Bio-Techne

Corp.

3,991,253

21,118

HealthEquity,

Inc.

(a) 1,764,831

26,455

LeMaitre

Vascular,

Inc.

2,888,092

11,436

Medpace

Holdings,

Inc.

(a) 5,491,453

37,759

Repligen

Corp.

(a) 4,448,765

10,213

The

Ensign

Group,

Inc.

2,057,920

20,642,314

Industrials

-

35.4%

13,766

Applied

Industrial

Technologies,

Inc.

3,652,395

51,294

Casella

Waste

Systems,

Inc.

(a) 4,069,666

72,897

Core

&

Main,

Inc.,

Class A

(a) 3,601,112

15,019

CSW

Industrials,

Inc.

3,913,651

39,044

Douglas

Dynamics,

Inc.

1,643,362

11,735

ESCO

Technologies,

Inc.

3,301,877

18,288

Exponent,

Inc.

1,193,292

32,707

Federal

Signal

Corp.

3,536,935

335,659

Hayward

Holdings,

Inc.

(a) 4,491,117

23,125

HEICO

Corp.,

Class A

4,881,456

7,467

Kadant,

Inc.

2,182,977

11,151

RBC

Bearings,

Inc.

(a) 6,056,331

10,367

Saia,

Inc.

(a) 3,641,720

10,951

Simpson

Manufacturing

Co.,

Inc.

1,879,411

18,703

SiteOne

Landscape

Supply,

Inc.

(a) 2,489,556

12,389

VSE

Corp.

2,284,532

52,819,390

Information

Technology

-

23.8%

29,815

Agilysys,

Inc.

(a) 2,121,039

48,280

Alarm.com

Holdings,

Inc.

(a) 2,085,213

20,133

Appfolio,

Inc.

(a) 3,177,390

Shares

Security

Description

Value

Information

Technology

-

23.8%

(continued)

22,863

Badger

Meter,

Inc.

$

3,483,178

31,046

Guidewire

Software,

Inc.

(a) 4,643,240

25,747

Manhattan

Associates,

Inc.

(a) 3,427,441

42,289

Novanta,

Inc.

(a) 4,994,754

14,442

Onto

Innovation,

Inc.

(a) 2,961,621

56,678

PDF

Solutions,

Inc.

(a) 1,853,937

57,600

Procore

Technologies,

Inc.

(a) 3,283,200

16,365

Rambus,

Inc.

(a) 1,407,881

30,146

The

Descartes

Systems

Group,

Inc.

(a) 2,157,248

35,596,142

Materials

-

8.0%

11,359

Eagle

Materials,

Inc.

2,151,962

403,949

Perimeter

Solutions,

Inc.

(a) 9,864,435

12,016,397

Real

Estate

-

3.6%

77,434

Landbridge

Co.,

LLC

5,346,818

Total

Common

Stock

(Cost

$124,275,838)

145,302,320

Money

Market

Fund

-

2.9%

4,277,360

First

American

Treasury

Obligations

Fund,

Class X,

3.60%

(b) (Cost

$4,277,360)

4,277,360

Investments,

at

value

-

100.2%

(Cost

$128,553,198)

$

149,579,680

Other

Assets

&

Liabilities,

Net

-

(0.2)%

(253,303)

Net

Assets

-

100.0%

$

149,326,377

LLC

Limited

Liability

Company

(a) Non-income

producing

security.

(b) Dividend

yield

changes

daily

to

reflect

current

market

conditions.

Rate

was

the

quoted

yield

as

of

March

31,

2026. 2

DF

DENT

GROWTH

FUNDS

DF

DENT

SMALL

CAP

GROWTH

FUND

SCHEDULE

OF

INVESTMENTS

(Unaudited)

MARCH

31,

2026

rates,

prepayment

speeds,

credit

risk,

etc.).

Short-term

securities

with

maturities

of

sixty

days

or

less

are

valued

at

amortized

cost,

which

approximates

market

value,

and

are

categorized

as

Level

in

the

hierarchy.

Municipal

securities,

long-term

U.S.

government

obligations

and

corporate

debt

securities

are

valued

in

accordance

with

the

evaluated

price

supplied

by

the

pricing

service

and

generally

categorized

as

Level

in

the

hierarchy.

Other

securities

that

are

categorized

as

Level

in

the

hierarchy

include,

but

are

not

limited

to,

warrants

that

do

not

trade

on

an

exchange,

securities

valued

at

the

mean

between

the

last

reported

bid

and

ask

quotation

and

international

equity

securities

valued

by

an

independent

third

party

with

adjustments

for

changes

in

value

between

the

time

of

the

securities

respective

local

market

closes

and

the

close

of

the

U.S.

market.

Level

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

The

Level

value

displayed

in

this

table

is

Common

Stock

and

a

Money

Market

Fund.

Refer

to

this

Schedule

of

Investments

for

a

further

breakout

of

each

security

by

industry.

THE

PORTFOLIO

OF

INVESTMENTS

SHOULD

BE

READ

IN

CONJUNCTION

WITH

THE

FINANCIAL

STATEMENTS

AND

NOTES

TO

FINANCIAL

STATEMENTS

WHICH

ARE

INCLUDED

IN

THE

FUND'S

AUDITED

ANNUAL

REPORT

OR

SEMI-ANNUAL

REPORT.

THESE

REPORTS

INCLUDE

ADDITIONAL

INFORMATION

ABOUT

THE

FUND'S

SECURITY

VALUATION

POLICIES

AND

ABOUT

CERTAIN

SECURITY

TYPES

INVESTED

BY

THE

FUND.

Valuation

Inputs

Investments

in

Securities

Level

-

Quoted

Prices

$

149,579,680

Level

-

Other

Significant

Observable

Inputs

–

Level

-

Significant

Unobservable

Inputs

–

Total

$

149,579,680

## 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:** DF DENT SMALL CAP GROWTH FUND

- **b. EDGAR series identifier (if any):** S000037552

- **c. LEI of Series:** 254900Z87DGT7PD99J39

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $149713113.58

**Total Liabilities:** $386736.59

**Net Assets:** $149326376.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000115949 | -1.13%               | -0.59%               | -6.71%               |
| Class ID C000195206 | -1.13%               | -0.59%               | -6.70%               |
| Class ID C000256263 | -1.08%               | -0.63%               | -6.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $908745.70               | $-2621058.81                               |
| Month 2  | $-2408323.43             | $1476904.77                                |
| Month 3  | $0.00                    | $-11632223.02                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agilysys Inc                   | Agilysys, Inc.                           | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     29815 | NS      | $2121039.10   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc         | Alarm.com Holdings, Inc.                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     48280 | NS      | $2085213.20   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                   | Appfolio, Inc.                           | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     20133 | NS      | $3177390.06   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies, Inc.    | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     13766 | NS      | $3652395.12   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc               | Badger Meter, Inc.                       | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     22863 | NS      | $3483178.05   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp.                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     76373 | NS      | $3991252.98   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc            | CSW Industrials, Inc.                    | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     15019 | NS      | $3913651.02   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc      | Casella Waste Systems, Inc.              | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     51294 | NS      | $4069665.96   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                | Core & Main, Inc.                        | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72897 | NS      | $3601111.80   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/Th | The Descartes Systems Group, Inc.        | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     30146 | NS      | $2157247.76   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc           | Douglas Dynamics, Inc.                   | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     39044 | NS      | $1643361.96   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc            | Eagle Materials, Inc.                    | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     11359 | NS      | $2151962.55   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The           | The Ensign Group, Inc.                   | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     10213 | NS      | $2057919.50   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc          | ESCO Technologies, Inc.                  | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     11735 | NS      | $3301876.95   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                   | Exponent, Inc.                           | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     18288 | NS      | $1193292.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp            | Federal Signal Corp.                     | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     32707 | NS      | $3536934.98   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4277360 | NS      | $4277360.31   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings, Inc.             | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     55332 | NS      | $2810865.60   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc        | Goosehead Insurance, Inc.                | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     51187 | NS      | $2183637.42   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc         | Guidewire Software, Inc.                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     31046 | NS      | $4643239.76   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc              | Hamilton Lane, Inc.                      | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     25378 | NS      | $2522573.20   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc           | Hayward Holdings, Inc.                   | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    335659 | NS      | $4491117.42   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc               | HealthEquity, Inc.                       | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     21118 | NS      | $1764831.26   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                     | HEICO Corp.                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     23125 | NS      | $4881456.25   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                     | Kadant, Inc.                             | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      7467 | NS      | $2182977.45   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc      | Kinsale Capital Group, Inc.              | CUSIP: 49714P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7967 | NS      | $2722005.22   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Landbridge Co LLC              | Landbridge Co., LLC                      | CUSIP: 514952100<br>LEI: 529900P7NBGGY6C0SF08 | Long             | EC               | CORP              | US        |     77434 | NS      | $5346817.70   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular, Inc.                  | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     26455 | NS      | $2888092.35   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc       | Manhattan Associates, Inc.               | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     25747 | NS      | $3427440.64   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc       | MarketAxess Holdings, Inc.               | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      6637 | NS      | $1094972.26   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings, Inc.                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     11436 | NS      | $5491452.84   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                | Morningstar, Inc.                        | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      8452 | NS      | $1428810.60   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                 | Murphy USA, Inc.                         | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      3653 | NS      | $1804472.41   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                    | Novanta, Inc.                            | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     42289 | NS      | $4994753.79   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc            | Onto Innovation, Inc.                    | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     14442 | NS      | $2961620.94   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc              | PDF Solutions, Inc.                      | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     56678 | NS      | $1853937.38   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc        | Perimeter Solutions, Inc.                | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    403949 | NS      | $9864434.58   | 6.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc       | Procore Technologies, Inc.               | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     57600 | NS      | $3283200.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                     | Rambus, Inc.                             | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     16365 | NS      | $1407880.95   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc               | RBC Bearings, Inc.                       | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11151 | NS      | $6056331.12   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                  | Repligen Corp.                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     37759 | NS      | $4448765.38   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                       | Saia, Inc.                               | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     10367 | NS      | $3641719.76   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co., Inc.          | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     10951 | NS      | $1879410.62   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc   | SiteOne Landscape Supply, Inc.           | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     18703 | NS      | $2489556.33   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                 | Utz Brands, Inc.                         | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |    227741 | NS      | $1803708.72   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                       | VSE Corp.                                | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     12389 | NS      | $2284531.60   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc               | Warby Parker, Inc.                       | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85370 | NS      | $1798745.90   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                   | Wingstop, Inc.                           | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      4591 | NS      | $711467.27    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-20

**Name of Applicant:** Forum Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer