# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0001752724-23-050322
**Filing Date:** 2023-3
**Character Count:** 51940
**Document Hash:** a26195cfecdb1e2a152a6d9e613e6b77
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050322.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050322

**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:** 23694211

**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 Capital Opportunities Fund (Series ID: S000050284)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000158767 | Institutional Shares | CAPOX           |

## Nport-Ex

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## 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 CAPITAL OPPORTUNITIES FUND

- **b. EDGAR series identifier (if any):** S000050284

- **c. LEI of Series:** 254900V1F0SK0ITURS31

**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:** $111701504.15

**Total Liabilities:** $10160767.86

**Net Assets:** $101540736.29

**Cash Not Reported:** $7309204.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158767 | -2.70%               | -1.34%               | -1.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $61278.44                | $6083488.03                                |
| Month 2  | $510329.33               | $3570094.74                                |
| Month 3  | $-2220087.94             | $-3964500.89                               |

**Designated Index Information**

- **Index Name:** S&P 500 Index

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AerCap Holdings NV                                                    | AerCap Holdings NV                                                    | CUSIP: 7W099LNJ3<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -46 | NC      | $-16100.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Jacobs Solutions Inc                                                  | Jacobs Solutions, Inc.                                                | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13142 | NS      | $1577959.94   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                                            | Charter Communications, Inc.                                          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      6006 | NS      | $2036634.60   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                   | PayPal Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -20 | NC      | $-88250.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc                                                             | Apple, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -65 | NC      | $-975.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                                             | The Scotts Miracle-Gro Co.                                            | CUSIP: 3S0991US2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -39 | NC      | $-85215.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: 21199DME5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      4182 | NC      | $767397.00    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| GoDaddy Inc                                                           | GoDaddy, Inc.                                                         | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     16310 | NS      | $1220314.20   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                             | MGM Resorts International                                             | CUSIP: 184990943<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -73 | NC      | $-5621.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co                                               | Becton Dickinson and Co.                                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     10594 | NS      | $2694054.20   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                       | CVS Health Corp.                                                      | CUSIP: 1FX99W630<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        89 | NC      | $8544.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Semler Scientific Inc                                                 | Semler Scientific, Inc.                                               | CUSIP: 81684M104<br>LEI: 549300ZHL16S29QTW485 | Long             | EC               | CORP              | US        |      2892 | NS      | $95436.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                                    | The Walt Disney Co.                                                   | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     29443 | NS      | $2558007.84   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fisker Inc                                                            | Fisker, Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -39 | NC      | $-40072.50    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc                                                             | Apple, Inc.                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     26537 | NS      | $3447952.41   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                                     | EOG Resources, Inc.                                                   | CUSIP: 1NT99R5S5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -70 | NC      | $-61390.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                                            | PACCAR, Inc.                                                          | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     15455 | NS      | $1529581.35   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                                                              | Coty, Inc.                                                            | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |     10296 | NS      | $88133.76     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                            | Hasbro, Inc.                                                          | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     14749 | NS      | $899836.49    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                                     | EOG Resources, Inc.                                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     13765 | NS      | $1782842.80   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                                        | Merck & Co., Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -116 | NC      | $-116.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                                         | Intercontinental Exchange, Inc.                                       | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     15600 | NS      | $1600404.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                                       | Philip Morris International, Inc.                                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     26770 | NS      | $2709391.70   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                                            | Mattel, Inc.                                                          | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |      8220 | NS      | $146644.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                                            | CarMax, Inc.                                                          | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27861 | NS      | $1696456.29   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard inc                                               | Activision Blizzard, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -52 | NC      | $-18876.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: 4U09937E9<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1446 | NC      | $8676.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: 21199DLJ5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     -7109 | NC      | $-2836491.00  | -2.79%            |  |  |  | No            |                  2 | On Loan: No      |
| Gildan Activewear Inc                                                 | Gildan Activewear, Inc.                                               | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     47930 | NS      | $1313282.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                                               | Activision Blizzard, Inc.                                             | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      8100 | NS      | $620055.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fisker Inc                                                            | Fisker, Inc.                                                          | CUSIP: 33813J106<br>LEI: 549300UUN5RWU44MBX79 | Long             | EC               | CORP              | US        |      6710 | NS      | $48781.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                                           | Wayfair, Inc.                                                         | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |      1000 | NS      | $32890.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                        | Salesforce, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -21 | NC      | $-28560.00    | -0.03%            |  |  |  | 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        |       -74 | NC      | $-14689.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Peloton Interactive Inc                                               | Peloton Interactive, Inc.                                             | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |      3500 | NS      | $27790.00     | 0.03%             |  |  |  | No            |                  1 | 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        |     -1675 | NC      | $-2509987.50  | -2.47%            |  |  |  | No            |                  2 | On Loan: No      |
| ViacomCBS Inc                                                         | Paramount Global                                                      | CUSIP: 90B992XY7<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -19 | NC      | $-19142.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                    | Meta Platforms, Inc.                                                  | CUSIP: 10799DCG8<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -199 | NC      | $-109450.00   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                                             | United Parcel Service, Inc.                                           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      4275 | NS      | $743166.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                   | PayPal Holdings, Inc.                                                 | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      1800 | NS      | $128196.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     15280 | NS      | $962487.20    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                                | Motorola Solutions, Inc.                                              | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      8091 | NS      | $2085131.61   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                                          | Autodesk, Inc.                                                        | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      9371 | NS      | $1751158.77   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                             | MGM Resorts International                                             | CUSIP: 70P999YD4<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -123 | NC      | $-79642.50    | -0.08%            |  |  |  | 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        |      -135 | NC      | $-75600.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obligations Fund                              | First American Treasury Obligations Fund                              | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    989888 | NS      | $989887.66    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Intel Corp                                                            | Intel Corp.                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -74 | NC      | $-740.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                    | Meta Platforms, Inc.                                                  | CUSIP: 10799DN50<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       199 | NC      | $374120.00    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Keysight Technologies Inc                                             | Keysight Technologies, Inc.                                           | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      6103 | NS      | $1044040.21   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc                                          | Walgreens Boots Alliance, Inc.                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       161 | NC      | $644.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                                            | Intel Corp.                                                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      7400 | NS      | $195582.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       316 | NC      | $12640.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                        | Salesforce, Inc.                                                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     15627 | NS      | $2071983.93   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                                     | General Motors Co.                                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     99961 | NS      | $3362688.04   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: 14399A511<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -70 | NC      | $-71400.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                                        | Amazon.com, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -168 | NC      | $-7224.00     | -0.01%            |  |  |  | No            |                  1 | 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        |     -3345 | NC      | $-150525.00   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                   | JPMorgan Chase & Co.                                                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     17836 | NS      | $2391807.60   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                           | Netflix, Inc.                                                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       565 | NS      | $166607.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                                        | Amazon.com, Inc.                                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     22845 | NS      | $1918980.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communciations Inc                                            | Charter Communications, Inc.                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -8 | NC      | $-40000.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                                    | Ally Financial, Inc.                                                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      7255 | NS      | $177384.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: 21199DGW2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      7109 | NC      | $5481039.00   | 5.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                                                 | Spotify Technology SA                                                 | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      4590 | NS      | $362380.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                                                      | Zillow Group, Inc.                                                    | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |      4400 | NS      | $141724.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                               | The Charles Schwab Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -141 | NC      | $-5922.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                                             | Alibaba Group Holding, Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        19 | NC      | $5795.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       163 | NC      | $42217.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                              | Visa, Inc.                                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     10816 | NS      | $2247132.16   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                                                       | Dollar Tree, Inc.                                                     | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     12690 | NS      | $1794873.60   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                                      | Wells Fargo & Co.                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -83 | NC      | $-29880.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                                          | Pioneer Natural Resources Co.                                         | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      4165 | NS      | $951244.35    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -39 | NC      | $-21450.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                    | Meta Platforms, Inc.                                                  | CUSIP: 10799ETT0<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -28 | NC      | $-32088.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                                            | Mattel, Inc.                                                          | CUSIP: 19099F0Q2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -82 | NC      | $-10045.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Blackstone Inc                                                        | Blackstone, Inc.                                                      | CUSIP: 05M992CJ9<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -68 | NC      | $-34748.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                                       | Philip Morris International, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -34 | NC      | $-1020.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Services Inc                                                   | Quanta Services, Inc.                                                 | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      7277 | NS      | $1036972.50   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                                  | Las Vegas Sands Corp.                                                 | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     32710 | NS      | $1572369.70   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -39 | NC      | $-30712.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| American Express Co                                                   | American Express Co.                                                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      7680 | NS      | $1134720.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       103 | NC      | $927.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                                        | Blackstone, Inc.                                                      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     17566 | NS      | $1303221.54   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                                | Berkshire Hathaway, Inc.                                              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      8834 | NS      | $2728822.60   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                                               | Activision Blizzard, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -52 | NC      | $-5460.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                                                    | Ally Financial, Inc.                                                  | CUSIP: 50999TS39<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -92 | NC      | $-48760.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                                             | Alibaba Group Holding, Ltd.                                           | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      2800 | NS      | $246652.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                                                    | AerCap Holdings NV                                                    | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |      4675 | NS      | $272646.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                           | Netflix, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -12 | NC      | $-30840.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Sir                                        | Liberty Media Corp.-Liberty SiriusXM                                  | CUSIP: 531229409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8901 | NS      | $349898.31    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                            | Carvana Co.                                                           | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      2800 | NS      | $13272.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                       | CVS Health Corp.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -26 | NC      | $-20150.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management Fund, Instiutional Shares | Dreyfus Treasury Securities Cash Management Fund, Instiutional Shares | CUSIP: 261941702<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   8732517 | NS      | $8732516.62   | 8.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                                                    | The Walt Disney Co.                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -104 | NC      | $-143000.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                                               | KB Home                                                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      5140 | NS      | $163709.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                                        | Rocket Cos., Inc.                                                     | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5205 | NS      | $36435.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                                             | Warner Bros Discovery, Inc.                                           | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     37825 | NS      | $358581.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                                          | Comcast Corp.                                                         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      7800 | NS      | $272766.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                               | The Charles Schwab Corp.                                              | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     32400 | NS      | $2697624.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                                        | Amazon.com, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -28 | NC      | $-35700.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                   | PayPal Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -18 | NC      | $-1980.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                          | Alphabet, Inc.                                                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     18685 | NS      | $1657920.05   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                                                       | Foot Locker, Inc.                                                     | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |      7056 | NS      | $266646.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                          | Alphabet, Inc.                                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     20110 | NS      | $1774305.30   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                                                  | Hayward Holdings, Inc.                                                | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46690 | NS      | $438886.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                                   | Arista Networks, Inc.                                                 | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     12418 | NS      | $1506924.30   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Spark Networks SE                                                     | Spark Networks SE                                                     | CUSIP: 846517100<br>LEI: 87550088VVTQR14UT152 | Long             | EC               | CORP              | DE        |      3901 | NS      | $2499.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                                                            | Splunk, Inc.                                                          | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |      9835 | NS      | $846695.15    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                             | Adobe, Inc.                                                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1900 | NS      | $639407.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                    | Meta Platforms, Inc.                                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     15426 | NS      | $1856364.84   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                                     | Expedia Group, Inc.                                                   | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6255 | NS      | $547938.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                                      | Paramount Global                                                      | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     14200 | NS      | $239696.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                                    | Analog Devices, Inc.                                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     12135 | NS      | $1990504.05   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                             | Tesla, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -9 | NC      | $-17190.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resrouces Co                                          | Pioneer Natural Resources Co.                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -23 | NC      | $-15640.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                             | Adobe, Inc.                                                           | CUSIP: 11999VU58<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -19 | NC      | $-27407.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                         | Citigroup, Inc.                                                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     13405 | NS      | $606308.15    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                                        | Amazon.com, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       168 | NC      | $35280.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                           | Netflix, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -5 | NC      | $-9155.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                             | MGM Resorts International                                             | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      7300 | NS      | $244769.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                  | Bank of America Corp.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -124 | NC      | $-89280.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                               | Aon PLC                                                               | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      7425 | NS      | $2228539.50   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                                        | Lowe's Cos., Inc.                                                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      7441 | NS      | $1482544.84   | 1.46%             |  |  |  | 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