PBFDX
PAYSON TOTAL RETURN FUND
FORUM FUNDS
Expense ratio1
0.81%
Net assets2
$283.82M
Holdings2
29
Category
US Equity
2025 return3
21.18%

Investment objective & strategy

As of Oct. 7, 2025 · prospectus

Strategy. The Fund is classified as non-diversified, which means it may invest in a smaller number of issuers than a diversified fund. The Fund is classified as non-diversified, which means it may invest in a smaller number of issuers than a diversified fund.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $24.33M 8.57%
ALPHABET INC CL A $24.20M 8.53%
MICROSOFT CORP $22.01M 7.76%
APPLE INC $21.88M 7.71%
BROADCOM INC $17.20M 6.06%
AMAZON.COM INC $15.68M 5.52%
META PLATFORMS INC CL A $12.93M 4.55%
JPMORGAN CHASE and CO $12.13M 4.27%
ASML Holding NV - NY Reg Shares $9.76M 3.44%
ABBVIE INC $9.36M 3.30%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
3
Exited
2
Increased
1
Decreased
9
Unchanged
16

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight

Advisers

As of March 31, 2025 · N-CEN
FirmRole
H.M. Payson & Co. Adviser

Footnotes

  1. Expense ratio as of July 22, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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