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CI Forge First Long Short Alternative Fund Series A
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-24-2026) |
$17.76 |
|---|---|
| Change |
-$0.07
(-0.38%)
|
As at July 31, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (April 24, 2019): 5.74%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -6.38% | -6.74% | -1.52% | -0.99% | -1.77% | 1.71% | 5.91% | 3.39% | 2.59% | 5.82% | 6.17% | - | - | - |
| Benchmark | 1.22% | 4.29% | 11.58% | 12.52% | 32.26% | 26.70% | 22.93% | 19.08% | 14.95% | 17.20% | 14.87% | 13.32% | 13.15% | 12.50% |
| Category Average | -0.01% | 3.84% | 8.01% | 10.29% | 17.98% | 14.82% | 15.33% | 11.82% | 8.91% | 11.06% | 9.25% | - | - | - |
| Category Rank | 238 / 266 | 241 / 254 | 227 / 251 | 220 / 240 | 216 / 224 | 157 / 166 | 105 / 129 | 105 / 114 | 92 / 96 | 45 / 54 | 26 / 33 | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.35% | -0.50% | -0.21% | 1.22% | 0.06% | 0.54% | 2.92% | -2.58% | 5.31% | -0.53% | 0.14% | -6.38% |
| Benchmark | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% | 1.22% |
Best Monthly Return Since Inception
6.56% (November 2020)
Worst Monthly Return Since Inception
-7.82% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 14.67% | 11.22% | -4.96% | 7.19% | 11.14% | 1.35% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | 2 | 3 | 2 | 3 | 3 | 4 |
| Category Rank | - | - | - | - | 18/ 37 | 54/ 81 | 48/ 103 | 72/ 118 | 102/ 139 | 171/ 190 |
Best Calendar Return (Last 10 years)
14.67% (2020)
Worst Calendar Return (Last 10 years)
-4.96% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 47.95 |
| Canadian Equity | 37.16 |
| US Equity | 23.23 |
| Foreign Corporate Bonds | 12.16 |
| International Equity | 7.00 |
| Other | -27.50 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 60.11 |
| Technology | 17.25 |
| Energy | 16.71 |
| Financial Services | 10.18 |
| Consumer Goods | 6.94 |
| Other | -11.19 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 92.98 |
| Asia | 7.06 |
| Africa and Middle East | 0.35 |
| Latin America | -0.08 |
| Europe | -0.26 |
| Other | -0.05 |
Top Holdings
| Name | Percent |
|---|---|
| BMO BANK LOAN | 35.09 |
| BANK MONTREAL MEDIUM DEP DISCOUNT NOTE | 14.50 |
| ROYAL BANK OF CANADA 6.50% 24-May-2086 | 8.41 |
| Taiwan Semiconductor Manufactrg Co Ltd - ADR | 7.33 |
| Enerflex Ltd | 7.25 |
| Bank of Nova Scotia 3.70% 27-Jun-2026 | 6.58 |
| American Express Co | 4.88 |
| National Bank of Canada | 4.79 |
| Lumine Group Inc | 4.24 |
| Extendicare Inc | 4.21 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CI Forge First Long Short Alternative Fund Series A
Median
Other - Alternative Equity Focus
3 Yr Annualized
| Standard Deviation | 7.16% | 6.61% | - |
|---|---|---|---|
| Beta | 0.25 | 0.27 | - |
| Alpha | 0.01 | -0.01 | - |
| Rsquared | 0.14% | 0.25% | - |
| Sharpe | 0.36 | -0.03 | - |
| Sortino | 0.60 | -0.05 | - |
| Treynor | 0.10 | -0.01 | - |
| Tax Efficiency | 89.47% | 86.09% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.80% | 7.16% | 6.61% | - |
| Beta | 0.42 | 0.25 | 0.27 | - |
| Alpha | -0.13 | 0.01 | -0.01 | - |
| Rsquared | 0.21% | 0.14% | 0.25% | - |
| Sharpe | -0.37 | 0.36 | -0.03 | - |
| Sortino | -0.58 | 0.60 | -0.05 | - |
| Treynor | -0.09 | 0.10 | -0.01 | - |
| Tax Efficiency | - | 89.47% | 86.09% | - |
Fund Details
| Start Date | April 24, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIGF100 |
Investment Objectives
The investment objective of the Fund is to provide a positive net total return, regardless of market conditions or general market direction, with low correlation to North American equity and credit markets. The Fund uses alternative investment strategies, such as equity long/short, pairs trading, arbitrage trading, thematic trading, the use of derivatives for leverage and/or borrowing for investment purposes, and seeks to achieve its objectives by investing primarily in equities, ETFs, fixed inc
Investment Strategy
To achieve its investment objective, the Fund seeks to invest long and short in a diversified portfolio of primarily North American securities of issuers of varying sizes of market capitalization. The majority of investments are in common shares but the Fund may invest in listed credit or preferred shares. The Fund utilizes predominantly fundamental investment methodologies to identify and assess the investment merits of a given security, on an absolute basis and relative to the rest of the port
Portfolio Management
| Portfolio Manager |
Forge First Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Forge First Asset Management Inc. |
|---|---|
| Custodian |
BMO Nesbitt Burns Inc |
| Registrar |
Pinnacle Fund Services Ltd. |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.78% |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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