# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0001752724-23-050134
**Filing Date:** 2023-3
**Character Count:** 22204
**Document Hash:** 588e6dcc7e509cd51b1ebe4bfb0250bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050134.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050134

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20220930

**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/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03023
- **FILM NUMBER:** 23693257

**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 Flexible Fund (Series ID: S000076481)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000236408 | Institutional Shares | FLXIX           |

## 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 FLEXIBLE FUND

- **b. EDGAR series identifier (if any):** S000076481

- **c. LEI of Series:** 2549005TZQ8OFYYO1O53

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

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

- **b. Date as of which information is reported:** 2022-09-30

**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:** $22435885.75

**Total Liabilities:** $2264264.64

**Net Assets:** $20171621.11

**Cash Not Reported:** $2681633.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 1490.51906463 | **5-Year:** 3188.88135084 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236408 | 0.90%                | 0.59%                | -2.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11916.67               | $190177.11                                 |
| Month 2  | $2259.86                 | $66575.42                                  |
| Month 3  | $65453.04                | $-615233.12                                |

**Designated Index Information**

- **Index Name:** ICE BofA US Convertible Index TRexTC

- **Index Identifier:** VXA0-USD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Q2 HOLDINGS INC                          | Q2 Holdings, Inc.                        | CUSIP: 74736LAF6<br>LEI: 549300M9RKR9DZXWS696 | Long             | DBT              | CORP              | US        |    500000 | PA      | $400000.00    | 1.98%             | 2025-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| INFINERA CORP                            | Infinera Corp.                           | CUSIP: 45667GAC7<br>LEI: 549300ZOF66WPV3H0H17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $458250.00    | 2.27%             | 2024-09-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Infinera Corp                            | Infinera Corp.                           | CUSIP: 45667G103<br>LEI: 549300ZOF66WPV3H0H17 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-24200.00    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Altair Engineering Inc                   | Altair Engineering, Inc.                 | CUSIP: 021369103<br>LEI: 549300FJ89HZ6GU9S994 | Short            | EC               | CORP              | US        |     -5900 | NS      | $-260898.00   | -1.29%            |  |  |  | No            |                  1 | On Loan: No      |
| PETIQ INC                                | PetIQ, Inc.                              | CUSIP: 71639TAB2<br>LEI: 549300GROACFGKVYOX14 | Long             | DBT              | CORP              | US        |    900000 | PA      | $738900.00    | 3.66%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAGNITE INC                              | Magnite, Inc.                            | CUSIP: 55955DAB6<br>LEI: 54930018FR2YX1HHSB02 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $755000.00    | 3.74%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| FIVE9 INC                                | Five9, Inc.                              | CUSIP: 338307AD3<br>LEI: 254900MXP6EWY0SFFR59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $909500.00    | 4.51%             | 2025-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PetIQ Inc                                | PetIQ, Inc.                              | CUSIP: 71639T106<br>LEI: 549300GROACFGKVYOX14 | Short            | EC               | CORP              | US        |    -12400 | NS      | $-85560.00    | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                            | Envestnet, Inc.                          | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-88800.00    | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                                | Five9, Inc.                              | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-149960.00   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                          | Q2 Holdings, Inc.                        | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Short            | EC               | CORP              | US        |      -100 | NS      | $-3220.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                      | Bentley Systems, Inc.                    | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-91770.00    | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| ENVESTNET INC                            | Envestnet, Inc.                          | CUSIP: 29404KAE6<br>LEI: 549300HLWZ5OKIDM8737 | Long             | DBT              | CORP              | US        |    750000 | PA      | $630937.50    | 3.13%             | 2025-08-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Itron Inc                                | Itron, Inc.                              | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Short            | EC               | CORP              | US        |      -973 | NS      | $-40973.03    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| TECHTARGET INC                           | TechTarget, Inc.                         | CUSIP: 87874RAC4<br>LEI: 529900YQA5JL2H2VMB84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $777493.17    | 3.85%             | 2026-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CryoPort Inc                             | CryoPort, Inc.                           | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Short            | EC               | CORP              | US        |     -2876 | NS      | $-70059.36    | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                    | Lumentum Holdings, Inc.                  | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $562500.00    | 2.79%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ACCURAY INC                              | Accuray, Inc.                            | CUSIP: 004397AK1<br>LEI: 549300G28LY4TZKZJG51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $836424.76    | 4.15%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FISKER INC                               | Fisker, Inc.                             | CUSIP: 33813JAA4<br>LEI: 549300UUN5RWU44MBX79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $520827.55    | 2.58%             | 2026-09-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ITRON INC                                | Itron, Inc.                              | CUSIP: 465741AN6<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |    412000 | PA      | $323832.00    | 1.61%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alteryx Inc                              | Alteryx, Inc.                            | CUSIP: 02156B103<br>LEI: 549300XWZG0JHL7I0827 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-55840.00    | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| FASTLY INC                               | Fastly, Inc.                             | CUSIP: 31188VAB6<br>LEI: 549300E2FZC83FJ3H565 | Long             | DBT              | CORP              | US        |    500000 | PA      | $364000.00    | 1.80%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coupa Software Inc                       | Coupa Software, Inc.                     | CUSIP: 22266L106<br>LEI: 549300Q95ICR2GFL2K37 | Short            | EC               | CORP              | US        |      -300 | NS      | $-17640.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ALTAIR ENGINEERING INC                   | Altair Engineering, Inc.                 | CUSIP: 021369AB9<br>LEI: 549300FJ89HZ6GU9S994 | Long             | DBT              | CORP              | US        |    700000 | PA      | $627550.00    | 3.11%             | 2027-06-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Dropbox Inc                              | Dropbox, Inc.                            | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-124320.00   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                    | Lumentum Holdings, Inc.                  | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Short            | EC               | CORP              | US        |     -3100 | NS      | $-212567.00   | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc                               | Fastly, Inc.                             | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Short            | EC               | CORP              | US        |      -500 | NS      | $-4580.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CRYOPORT INC                             | CryoPort, Inc.                           | CUSIP: 229050AC3<br>LEI: 9845004D8538BT8JF626 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $733265.38    | 3.64%             | 2026-12-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| 1Life Healthcare Inc                     | 1Life Healthcare, Inc.                   | CUSIP: 68269G107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -600 | NS      | $-10290.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| IMAX CORP                                | IMAX Corp.                               | CUSIP: 45245EAJ8<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $621600.00    | 3.08%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| UPWORK INC                               | Upwork, Inc.                             | CUSIP: 91688FAB0<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | DBT              | CORP              | US        |    890000 | PA      | $654194.50    | 3.24%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Alarm.com Holdings Inc                   | Alarm.com Holdings, Inc.                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Short            | EC               | CORP              | US        |      -690 | NS      | $-44753.40    | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                | IMAX Corp.                               | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Short            | EC               | CORP              | CA        |    -10000 | NS      | $-141200.00   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| ALTERYX INC                              | Alteryx, Inc.                            | CUSIP: 02156BAF0<br>LEI: 549300XWZG0JHL7I0827 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $815000.00    | 4.04%             | 2026-08-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fisker Inc                               | Fisker, Inc.                             | CUSIP: 33813J106<br>LEI: 549300UUN5RWU44MBX79 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-75500.00    | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| ALARM.COM HLDGS INC                      | Alarm.com Holdings, Inc.                 | CUSIP: 011642AB1<br>LEI: 549300HIH92U1EKIHZ32 | Long             | DBT              | CORP              | US        |    500000 | PA      | $411250.00    | 2.04%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DROPBOX INC                              | Dropbox, Inc.                            | CUSIP: 26210CAC8<br>LEI: 549300JCDF7UAR6TJR51 | Long             | DBT              | CORP              | US        |    812000 | PA      | $710094.00    | 3.52%             | 2026-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Accuray Inc                              | Accuray, Inc.                            | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-104000.00   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp              | John Bean Technologies Corp.             | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Short            | EC               | CORP              | US        |     -1800 | NS      | $-154800.00   | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| JOHN BEAN TECHNOLOGIES C                 | John Bean Technologies Corp.             | CUSIP: 477839AB0<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |    632000 | PA      | $525824.00    | 2.61%             | 2026-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| PERFICIENT INC                           | Perficient, Inc.                         | CUSIP: 71375UAE1<br>LEI: 549300HTBXKL2755T650 | Long             | DBT              | CORP              | US        |    750000 | PA      | $558750.00    | 2.77%             | 2026-11-15      | Fixed         | 0.12%                 | Yes           |                  2 | On Loan: No      |
| Perficient Inc                           | Perficient, Inc.                         | CUSIP: 71375U101<br>LEI: 549300HTBXKL2755T650 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-65020.00    | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYSTEMS                          | Bentley Systems, Inc.                    | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $758500.00    | 3.76%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| 1LIFE HEALTHCARE INC                     | 1Life Healthcare, Inc.                   | CUSIP: 68269GAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $486250.00    | 2.41%             | 2025-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Upwork Inc                               | Upwork, Inc.                             | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |     -4350 | NS      | $-59247.00    | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group I           | Helix Energy Solutions Group, Inc.       | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Short            | EC               | CORP              | US        |    -43345 | NS      | $-167311.70   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| TechTarget Inc                           | TechTarget, Inc.                         | CUSIP: 87874R100<br>LEI: 529900YQA5JL2H2VMB84 | Short            | EC               | CORP              | US        |     -2600 | NS      | $-153920.00   | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| COUPA SOFTWARE INC                       | Coupa Software, Inc.                     | CUSIP: 22266LAF3<br>LEI: 549300Q95ICR2GFL2K37 | Long             | DBT              | CORP              | US        |   1039000 | PA      | $803666.50    | 3.98%             | 2026-06-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                   | Helix Energy Solutions Group, Inc.       | CUSIP: 42330PAK3<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017500.00   | 5.04%             | 2026-02-15      | Fixed         | 6.75%                 | 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        |   3647263 | NS      | $3647262.85   | 18.08%            |  |  |  | No            |                  2 | 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