Absolute Strategies I  ASFIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Long-Short Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
As of 2009-06-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 10.50
  
YTD Return % (2009-11-20)
18.20%
  
Total Assets ($ mil)
1,544
View Data Definitions
  Performance    
Growth of $10,000 Fund: Absolute Strategies I
(from 2005-07-11 to 2009-10-31) Category: Long-Short
Index: ML USD LIBOR 3 Mon CM
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2005-07-11 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 18.20 26.14 2.76 --- --- 3.21
+/- Category 10.58 20.32 4.72 --- --- ---
+/- ML USD LIBOR 3 Mon CM 17.24 24.78 -0.90 --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 16.51 5.34 2.77 --- --- 3.11
Month-End (as of 2009-10-31) 17.30 13.75 2.73 --- --- 3.21
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 12.01 1.87 --- --- ---
On Distribution & Sale of Shares --- 8.98 1.81 --- --- ---
Morningstar Rating --- --- --- --- ---
# of compared funds covered (3 yrs : out of 116 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government 5.59
US Treasuries 0.22
TIPS 0.39
US Agency 4.98
Mortgage 6.98
Mortgage Pass-Thru 1.65
Mortgage CMO 5.33
Mortgage ARM 0.00
Credit 34.66
US Corporate 7.16
Asset-Backed 3.72
Convertible 23.78
Municipal 0.00
Corporate Inflation-Protected 0.00
Foreign 0.41
Foreign Corp 0.41
Foreign Govt 0.00
Cash 52.35
Asset Allocation
% of Net Assets
Cash 34.2
Stocks 31.7
Bonds 15.5
Other 18.6
Foreign Stocks 5.5
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings 399 Turnover % 133
Total Number of Bond Holdings 377 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 12.40 ending as of 2009-09-30
View Data Definitions
Data through 2009-06-30
  Other Information
Fund Inception: 2005-07-11
Portfolio Manager  (Start Date)
Jay Compson  (2005-07-11)
Compson is the principal and founder of Absolute Investment Advisers LLC since 2004. Prior to that, he was a portfolio manager and partner at Abington Capital LP. Before that, he was at Tucker Anthony Sutro, Inc. Previously Compson was at Lehman Brothers in New York where he analyzed business unit RAROC for the firm's executive committee to understand volatility in overall firm ROE and to diversify systemic risk exposures. He began his career as a mega-yacht and catastrophe underwriter for the Chubb Group.
Sales Charge %
(taken from prospectus dated 2009-08-01)
Front: None
Deferred: None
Expense Ratio % 1.81
based on net assets
(taken from annual report dated 2009-03-31)
Correspondence Information
Forum Funds (Absolute Strategies)
2 Portland Square
Portland,  ME  04101
United States
Telephone:
888-992-2765
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

© Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.