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CI Forge First Conservative Alternative Fund Series A
Alternative Multi-Stratgy
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FundGrade C
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FundGrade A+® Rating Recipient
2024, 2022
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|
NAVPS (07-03-2026) |
$17.12 |
|---|---|
| Change |
$0.05
(0.26%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (April 24, 2019): 6.82%
| 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 | -0.18% | 0.84% | 3.61% | 3.53% | 5.96% | 6.22% | 7.20% | 5.34% | 4.77% | 7.85% | 6.84% | - | - | - |
| Benchmark | 2.52% | 1.83% | 12.07% | 10.61% | 36.06% | 28.34% | 24.64% | 17.23% | 15.30% | 18.20% | 15.06% | 13.48% | 12.83% | 12.77% |
| Category Average | 1.10% | 1.04% | 5.92% | 5.25% | 14.71% | 7.79% | 7.68% | 5.50% | 3.91% | 5.34% | 4.59% | - | - | - |
| Category Rank | 121 / 139 | 74 / 136 | 83 / 131 | 83 / 131 | 94 / 112 | 55 / 89 | 46 / 76 | 37 / 54 | 26 / 44 | 11 / 40 | 12 / 34 | - | - | - |
| Quartile Ranking | 4 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 2 | 2 | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.58% | 1.08% | -0.90% | -0.24% | -0.07% | 0.84% | 0.08% | 0.46% | 2.20% | -1.93% | 3.02% | -0.18% |
| Benchmark | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% |
Best Monthly Return Since Inception
5.33% (April 2020)
Worst Monthly Return Since Inception
-6.84% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 16.52% | 8.10% | 1.04% | 5.69% | 11.31% | 1.93% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 4.04% | 6.86% | -5.49% | 4.47% | 5.04% | 9.01% |
| Quartile Ranking | - | - | - | - | 2 | 3 | 2 | 2 | 2 | 4 |
| Category Rank | - | - | - | - | 10/ 36 | 22/ 41 | 19/ 48 | 28/ 68 | 33/ 83 | 95/ 101 |
Best Calendar Return (Last 10 years)
16.52% (2020)
Worst Calendar Return (Last 10 years)
1.04% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 37.73 |
| Cash and Equivalents | 17.89 |
| Canadian Equity | 17.73 |
| US Equity | 14.88 |
| Foreign Corporate Bonds | 8.26 |
| Other | 3.51 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 45.99 |
| Cash and Cash Equivalent | 17.89 |
| Technology | 12.28 |
| Energy | 7.15 |
| Industrial Goods | 4.00 |
| Other | 12.69 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 93.22 |
| Europe | 3.40 |
| Asia | 3.09 |
| Africa and Middle East | 0.34 |
| Latin America | -0.03 |
| Other | -0.02 |
Top Holdings
| Name | Percent |
|---|---|
| BMO BANK LOAN | 24.44 |
| BANK OF MONTREAL DEP DISCOUNT NOTE | 13.90 |
| BANK MONTREAL MEDIUM DEP DISCOUNT NOTE | 7.95 |
| BANK OF MONTREAL DEP NT DISCOUNT NOTE | 7.37 |
| BANK of MONTREAL DISCOUNT NOTE | 5.73 |
| Cash and Cash Equivalents | 4.62 |
| Enbridge Inc 5.38% 27-Sep-2027 | 3.39 |
| TORONTO-DOMINION BANK/THE 7.23% 31-Oct-2049 | 3.27 |
| Taiwan Semiconductor Manufactrg Co Ltd - ADR | 3.23 |
| BANK OF NOVA SCOTIA/THE 6.88% 27-Oct-2085 | 3.04 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CI Forge First Conservative Alternative Fund Series A
Median
Other - Alternative Multi-Stratgy
3 Yr Annualized
| Standard Deviation | 4.47% | 3.96% | - |
|---|---|---|---|
| Beta | 0.17 | 0.10 | - |
| Alpha | 0.03 | 0.03 | - |
| Rsquared | 0.18% | 0.11% | - |
| Sharpe | 0.78 | 0.46 | - |
| Sortino | 1.58 | 0.72 | - |
| Treynor | 0.20 | 0.18 | - |
| Tax Efficiency | 95.16% | 95.45% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.70% | 4.47% | 3.96% | - |
| Beta | 0.25 | 0.17 | 0.10 | - |
| Alpha | -0.02 | 0.03 | 0.03 | - |
| Rsquared | 0.31% | 0.18% | 0.11% | - |
| Sharpe | 0.76 | 0.78 | 0.46 | - |
| Sortino | 1.13 | 1.58 | 0.72 | - |
| Treynor | 0.14 | 0.20 | 0.18 | - |
| Tax Efficiency | 100.00% | 95.16% | 95.45% | - |
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 |
|---|---|---|
| CIGF200 |
Investment Objectives
The investment objective of the Fund is to generate consistent risk-adjusted net returns over the long term 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 income and listed options in North A
Investment Strategy
To achieve its investment objective, the Fund utilizes equity and fixed-income security selection, an active shorting capital arbitrage, convertible arbitrage, merger arbitrage, fixed-income investing, preferred equity investing, pairs trading, arbitrage trading, thematic trading, and the use of derivatives for investment purposes. for leverage and/or borrowing The Fund invests long and short in a diversified portfolio of primarily North American securities of issuers of varying sizes of market
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 | Yes |
| SWP Min Balance | 1,000 |
| SWP Min Withdrawal | 0 |
Fees
| MER | 2.84% |
|---|---|
| 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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