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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 (09-11-2026) |
$16.70 |
|---|---|
| Change |
$0.04
(0.25%)
|
As at August 31, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (April 24, 2019): 6.02%
| 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 | -0.82% | -3.81% | -3.00% | -0.42% | 0.18% | 3.10% | 5.41% | 4.83% | 3.76% | 6.25% | 6.35% | - | - | - |
| Benchmark | 3.10% | 4.88% | 6.79% | 16.00% | 29.91% | 27.87% | 24.76% | 20.48% | 15.28% | 17.34% | 15.30% | 13.87% | 13.45% | 12.81% |
| Category Average | 1.23% | 1.27% | 2.32% | 6.58% | 12.40% | 8.08% | 7.84% | 6.37% | 3.92% | 4.90% | 4.48% | - | - | - |
| Category Rank | 136 / 143 | 131 / 139 | 119 / 127 | 118 / 126 | 107 / 108 | 86 / 94 | 59 / 79 | 42 / 55 | 33 / 48 | 18 / 40 | 11 / 35 | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 2 | 2 | - | - | - |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.24% | -0.07% | 0.84% | 0.08% | 0.46% | 2.20% | -1.93% | 3.02% | -0.18% | 0.06% | -3.07% | -0.82% |
| Benchmark | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% | 1.22% | 3.10% |
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/ 67 | 32/ 82 | 94/ 100 |
Best Calendar Return (Last 10 years)
16.52% (2020)
Worst Calendar Return (Last 10 years)
1.04% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 38.16 |
| Canadian Corporate Bonds | 33.03 |
| Canadian Equity | 14.49 |
| US Equity | 7.08 |
| Foreign Corporate Bonds | 3.83 |
| Other | 3.41 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 38.16 |
| Fixed Income | 36.86 |
| Technology | 5.94 |
| Financial Services | 5.89 |
| Energy | 5.63 |
| Other | 7.52 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 96.59 |
| Asia | 3.29 |
| Africa and Middle East | 0.23 |
| Latin America | -0.01 |
| Europe | -0.08 |
| Other | -0.02 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 17.09 |
| BANK MONTREAL MEDIUM DEP DISCOUNT NOTE | 12.24 |
| BMO BANK LOAN | 11.63 |
| BANK OF MONTREAL DEP DISCOUNT NOTE | 8.42 |
| BANK OF MONTREAL DEP NT DISCOUNT NOTE | 7.58 |
| Enbridge Inc 5.38% 27-Sep-2027 | 3.50 |
| TORONTO-DOMINION BANK/THE 7.23% 31-Oct-2049 | 3.39 |
| Taiwan Semiconductor Manufactrg Co Ltd - ADR | 3.29 |
| Bank of Nova Scotia 3.70% 27-Jun-2026 | 3.18 |
| Capital Power Corp 7.95% 09-Sep-2082 | 3.14 |
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 | 5.00% | 4.25% | - |
|---|---|---|---|
| Beta | 0.19 | 0.10 | - |
| Alpha | 0.01 | 0.02 | - |
| Rsquared | 0.16% | 0.09% | - |
| Sharpe | 0.41 | 0.18 | - |
| Sortino | 0.74 | 0.28 | - |
| Treynor | 0.11 | 0.08 | - |
| Tax Efficiency | 93.54% | 94.19% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.60% | 5.00% | 4.25% | - |
| Beta | 0.33 | 0.19 | 0.10 | - |
| Alpha | -0.08 | 0.01 | 0.02 | - |
| Rsquared | 0.36% | 0.16% | 0.09% | - |
| Sharpe | -0.35 | 0.41 | 0.18 | - |
| Sortino | -0.64 | 0.74 | 0.28 | - |
| Treynor | -0.06 | 0.11 | 0.08 | - |
| Tax Efficiency | 100.00% | 93.54% | 94.19% | - |
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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