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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 (07-30-2026) |
$16.93 |
|---|---|
| Change |
$0.08
(0.46%)
|
As at June 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (April 24, 2019): 6.75%
| 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 | 0.06% | 2.88% | 3.59% | 3.59% | 4.38% | 5.15% | 7.04% | 5.60% | 4.51% | 7.76% | 6.93% | - | - | - |
| Benchmark | 0.50% | 6.96% | 11.16% | 11.16% | 32.87% | 29.58% | 23.48% | 20.08% | 14.85% | 17.82% | 14.73% | 13.31% | 12.99% | 12.79% |
| Category Average | 0.21% | 4.18% | 5.47% | 5.47% | 13.14% | 7.97% | 7.67% | 6.15% | 4.01% | 5.25% | 4.40% | - | - | - |
| Category Rank | 99 / 148 | 81 / 137 | 79 / 131 | 79 / 131 | 106 / 113 | 63 / 89 | 45 / 76 | 37 / 54 | 29 / 46 | 9 / 40 | 10 / 34 | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 1 | 2 | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.08% | -0.90% | -0.24% | -0.07% | 0.84% | 0.08% | 0.46% | 2.20% | -1.93% | 3.02% | -0.18% | 0.06% |
| Benchmark | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% |
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 | 35.59 |
| Cash and Equivalents | 21.24 |
| Canadian Equity | 20.14 |
| US Equity | 13.84 |
| Foreign Corporate Bonds | 5.18 |
| Other | 4.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 40.77 |
| Cash and Cash Equivalent | 21.24 |
| Technology | 10.24 |
| Energy | 6.92 |
| Industrial Services | 5.05 |
| Other | 15.78 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 92.75 |
| Asia | 3.63 |
| Europe | 3.29 |
| Africa and Middle East | 0.45 |
| Latin America | -0.04 |
| Other | -0.08 |
Top Holdings
| Name | Percent |
|---|---|
| BMO BANK LOAN | 20.15 |
| BANK OF MONTREAL DEP DISCOUNT NOTE | 13.72 |
| BANK MONTREAL MEDIUM DEP DISCOUNT NOTE | 7.84 |
| BANK OF MONTREAL DEP NT DISCOUNT NOTE | 7.27 |
| BANK of MONTREAL DISCOUNT NOTE | 5.65 |
| Cash and Cash Equivalents | 3.78 |
| Taiwan Semiconductor Manufactrg Co Ltd - ADR | 3.73 |
| Enerflex Ltd | 3.67 |
| Enbridge Inc 5.38% 27-Sep-2027 | 3.35 |
| TORONTO-DOMINION BANK/THE 7.23% 31-Oct-2049 | 3.24 |
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 | 4.48% | 3.94% | - |
|---|---|---|---|
| Beta | 0.18 | 0.10 | - |
| Alpha | 0.03 | 0.03 | - |
| Rsquared | 0.18% | 0.10% | - |
| Sharpe | 0.76 | 0.39 | - |
| Sortino | 1.52 | 0.62 | - |
| Treynor | 0.19 | 0.15 | - |
| Tax Efficiency | 95.06% | 95.22% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.56% | 4.48% | 3.94% | - |
| Beta | 0.25 | 0.18 | 0.10 | - |
| Alpha | -0.03 | 0.03 | 0.03 | - |
| Rsquared | 0.33% | 0.18% | 0.10% | - |
| Sharpe | 0.45 | 0.76 | 0.39 | - |
| Sortino | 0.54 | 1.52 | 0.62 | - |
| Treynor | 0.08 | 0.19 | 0.15 | - |
| Tax Efficiency | 100.00% | 95.06% | 95.22% | - |
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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