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Alternative Equity Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-11-2024)
$17.47
Change
-$0.03 (-0.16%)

As at March 31, 2024

Period
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Legend

Forge First Long Short Alternative Fund Series A

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Fund Returns

Inception Return (April 24, 2019): 6.95%

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 1.64% 1.25% -0.70% 3.54% 11.13% 0.21% 3.69% 10.45% - - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 2.36% 13.80% 13.80% 8.44% 14.42% 6.00% 5.82% 11.20% - - - - - -
Category Rank 117 / 185 125 / 162 105 / 157 125 / 162 84 / 148 100 / 131 71 / 99 35 / 65 - - - - - -
Quartile Ranking 3 4 3 4 3 4 3 3 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.69% -0.51% -1.14% 0.74% 1.59% 0.10% -0.70% 2.79% 2.61% 1.25% 0.61% 1.64%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

6.56% (November 2020)

Worst Monthly Return Since Inception

-7.82% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 14.67% 11.22% -4.96% 7.19%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - - 2 3 2 3
Category Rank - - - - - - 22/ 62 58/ 95 55/ 120 77/ 146

Best Calendar Return (Last 10 years)

14.67% (2020)

Worst Calendar Return (Last 10 years)

-4.96% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 52.86
Canadian Equity 29.74
Foreign Corporate Bonds 15.22
Income Trust Units 6.55
International Equity -0.15
Other -4.22

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 52.86
Fixed Income 12.48
Industrial Services 7.59
Real Estate 5.55
Financial Services 5.01
Other 16.51

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.12
Multi-National 7.07
Latin America 4.25
Asia 0.07
Europe -0.52
Other 0.01

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Forge First Long Short Alternative Fund Series A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 5.60% - -
Beta 0.29% - -
Alpha 0.01% - -
Rsquared 0.48% - -
Sharpe 0.21% - -
Sortino 0.19% - -
Treynor 0.04% - -
Tax Efficiency 100.00% - -
Volatility Volatility rating is 2 on a scale of 1 to 10 - -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.39% 5.60% - -
Beta 0.22% 0.29% - -
Alpha 0.08% 0.01% - -
Rsquared 0.40% 0.48% - -
Sharpe 1.35% 0.21% - -
Sortino 4.16% 0.19% - -
Treynor 0.27% 0.04% - -
Tax Efficiency 100.00% 100.00% - -

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) $49

Fund Codes

FundServ Code Load Code Sales Status
FOR100

Investment Objectives

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.

Investment Strategy

To achieve this investment objective, the Manager will (i) seek to maximize absolute returns on investments by making long investments in securities of companies identified as attractive investment candidates by the Manager's investment process and short selling of securities of companies identified as unattractive investments by the Manager's investment process and/or to hedge the market exposure of long positions; and (ii) implement portfolio construction with risk control measures to control

Portfolio Manager(s)

Name Start Date
Andrew McCreath 05-01-2014

Management and Organization

Fund Manager Forge First Asset Management Inc.
Advisor Forge First Asset Management Inc.
Custodian BMO Nesbitt Burns Inc
Registrar Pinnacle Fund Services Ltd.
Distributor -
Auditor Deloitte LLP

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 2.37%
Management Fee 2.00%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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