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Forge First Conservative Alternative Fund Series A

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Alternative Multi-Stratgy

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022

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NAVPS
(12-20-2024) 		$16.66
Change
$0.00 (0.00%)

As at November 30, 2024

Period
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Legend

Forge First Conservative Alternative Fund Series A

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Fund Returns

Inception Return (April 24, 2019): 7.50%

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 2.25% 3.74% 5.91% 10.25% 13.62% 7.76% 5.27% 7.16% 8.48% - - - - -
Benchmark 6.37% 10.66% 16.91% 25.77% 30.69% 15.61% 10.90% 13.91% 11.92% 12.54% 10.25% 10.17% 10.75% 8.96%
Category Average 1.55% 1.61% 2.35% 6.15% 8.34% 4.94% 2.11% 3.55% 3.29% - - - - -
Category Rank 27 / 98 19 / 98 35 / 90 32 / 84 22 / 83 30 / 75 15 / 56 9 / 45 8 / 40 - - - - -
Quartile Ranking 2 1 2 2 2 2 2 1 1 - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.06% 0.95% 1.50% 1.27% 0.47% -0.15% 2.11% 1.89% -1.86% 0.72% 0.72% 2.25%
Benchmark 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37%

Best Monthly Return Since Inception

5.33% (April 2020)

Worst Monthly Return Since Inception

-6.84% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 16.52% 8.10% 1.04% 5.69%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - - - 1 3 2 2
Category Rank - - - - - - 9/ 40 30/ 49 19/ 56 31/ 75

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 43.14
Canadian Equity 21.90
Canadian Corporate Bonds 21.88
Foreign Corporate Bonds 6.92
US Equity 4.08
Other 2.08

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 43.14
Fixed Income 26.97
Technology 9.09
Industrial Services 5.84
Financial Services 5.42
Other 9.54

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.43
Asia 1.92
Latin America 1.52
Africa and Middle East 0.72
Europe -0.54
Other -0.05

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 Conservative Alternative Fund Series A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 3.71% 5.98% -
Beta 0.07% 0.24% -
Alpha 0.04% 0.05% -
Rsquared 0.07% 0.41% -
Sharpe 0.45% 1.01% -
Sortino 1.02% 1.46% -
Treynor 0.24% 0.25% -
Tax Efficiency 98.84% - -
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 4.43% 3.71% 5.98% -
Beta 0.17% 0.07% 0.24% -
Alpha 0.08% 0.04% 0.05% -
Rsquared 0.12% 0.07% 0.41% -
Sharpe 1.90% 0.45% 1.01% -
Sortino 4.62% 1.02% 1.46% -
Treynor 0.49% 0.24% 0.25% -
Tax Efficiency 98.92% 98.84% - -

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) $44

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 Manager(s)

Name Start Date
Keenan Murray 08-08-2024

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 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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