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Forge First Conservative Alternative Fund Series A

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Alternative Multi-Stratgy

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2022

Click for more information on Fundata’s FundGrade

NAVPS
(05-28-2025) 		$16.38
Change
$0.03 (0.18%)

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jun 2019Nov 2019Apr 2020Sep 2020Feb 2021Jul 2021Dec 2021May 2022Oct 2022Mar 2023Aug 2023Jan 2024Jun 2024Nov 2024Apr 2025Jul 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025May 2019Mar 2020Jan 2021Nov 2021Sep 2022Jul 2023May 2024Mar 2025Ma…$10,000$12,000$14,000$16,000$8,000$9,500$10,500$11,000$11,500Period

Legend

Forge First Conservative Alternative Fund Series A

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Fund Returns

Inception Return (April 24, 2019): 6.62%

Fund Returns
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 -2.07% -2.86% 0.26% -2.88% 3.69% 6.66% 4.08% 3.89% 8.22% 6.62% - - - -
Benchmark -0.10% -2.00% 4.34% 1.41% 17.85% 13.20% 9.57% 10.07% 14.37% 10.31% 10.21% 9.29% 9.91% 8.27%
Category Average -1.59% -2.52% -0.78% -1.25% 1.20% 3.20% 1.89% 1.35% 3.64% 2.60% - - - -
Category Rank 65 / 115 61 / 109 51 / 100 68 / 106 49 / 94 29 / 75 27 / 56 19 / 50 6 / 43 8 / 36 - - - -
Quartile Ranking 3 3 3 3 3 2 2 2 1 1 - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.15% 2.11% 1.89% -1.86% 0.72% 0.72% 2.25% 0.96% -0.03% -0.88% 0.08% -2.07%
Benchmark 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10%

Best Monthly Return Since Inception

5.33% (April 2020)

Worst Monthly Return Since Inception

-6.84% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - 16.52% 8.10% 1.04% 5.69% 11.31%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - 4.04% 6.86% -5.49% 4.47% 5.04%
Quartile Ranking - - - - - 2 3 2 2 2
Category Rank - - - - - 10/ 39 28/ 47 19/ 54 31/ 75 31/ 88

Best Calendar Return (Last 10 years)

16.52% (2020)

Worst Calendar Return (Last 10 years)

1.04% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 55.23
Canadian Equity 21.58
Canadian Corporate Bonds 18.02
Foreign Corporate Bonds 3.63
International Equity 1.76
Other -0.22

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 55.23
Fixed Income 21.48
Industrial Services 5.62
Consumer Goods 5.47
Financial Services 3.88
Other 8.32

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.66
Europe 2.17
Latin America 1.28
Asia 1.27
Africa and Middle East 0.65
Other -0.03

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return510152025303540455055-15%-10%-5%0%5%10%15%20%

Forge First Conservative Alternative Fund Series A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 3.94% 4.66% -
Beta 0.09% 0.14% -
Alpha 0.03% 0.06% -
Rsquared 0.09% 0.15% -
Sharpe 0.04% 1.21% -
Sortino 0.43% 2.36% -
Treynor 0.02% 0.39% -
Tax Efficiency 91.01% 96.88% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.95% 3.94% 4.66% -
Beta 0.15% 0.09% 0.14% -
Alpha 0.01% 0.03% 0.06% -
Rsquared 0.10% 0.09% 0.15% -
Sharpe 0.01% 0.04% 1.21% -
Sortino 0.22% 0.43% 2.36% -
Treynor 0.00% 0.02% 0.39% -
Tax Efficiency 76.44% 91.01% 96.88% -

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) $47

Fund Codes

FundServ Code Load Code Sales Status
FOR200

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.

Investment Strategy

To achieve its investment objective, the Fund utilizes equity and fixed-income security selection, an active shorting strategy, capital structure arbitrage, convertible arbitrage, merger arbitrage, fixed-income investing, preferred equity investing, pairs trading, arbitrage trading, thematic trading, and the use of derivatives for leverage and/or borrowing for investment purposes.

Portfolio Management

Portfolio Manager

Forge First Asset Management Inc.

  • Keenan Murray
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 2.43%
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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