Fiera Capital Income and Growth Fund

As at August 31, 2017 (unless otherwise indicated)

Formerly: Fiera Capital Balanced Fund

Fund Objective

The objective of the Fund is to achieve over a longer-term investment horizon, the highest possible return that is consistent with a fundamental investment philosophy which emphasizes broad diversification across and within all major security classes. The Fund invests primarily in Canadian equity and fixed-income securities.

Management Style

The fund combines the strengths and experience of our Canadian Equity, Bond and Global Equity investment teams. Our active asset allocation team seeks to generate attractive returns and offer effective capital protection throughout the economic cycle.

Reasons to Own the Fund

  • Fundamental-based asset allocation
  • Multi-manager approach, combining experience and performance
  • Diversified core investment solution

Fund Details

Unit price (Series D)
As at 2017/09/22
$20.8724
Asset class Canadian Equity Balanced
Number of holdings 141
Duration 8.3 1
Size $79 million
Inception November 22, 1985
Fund Codes
Series D SIC 001
Management Fees
Series D 1.25%
Distributions Monthly
Minimum Investment $500
Subsequent Investment $100
Pre-Authorized Cheque Plan Yes
Switches Yes
RSP Eligibility Yes
Settlement T+2

Performance (%)

Compounded returns (Series D) • As at August 31, 2017
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs 5 Yrs 10 Yrs SI
0.80 -2.59 0.87 3.10 4.61 8.28 4.56 7.23
Calendar returns (Series D) • As at December 31
YTD-2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
3.07 5.52 4.04 11.24 14.41 4.68 -0.56 9.02 16.81 -18.82 2.30

Growth of $10,000

Characteristics

Top 10 Holdings (%)
01. Canada Sep 07 17 4.4
02. Canada Nov 02 17 2.9
03. Royal Bank of Canada 2.5
04. Toronto Dominion BK 2.2
05. Canada Oct 05 17 1.7
06. Brookfield Asset Mgmt 1.6
07. Canada Govt 2.75 Dec 01 48 1.5
08. Bank of Nova Scotia 1.4
09. Moodys Corp 1.4
10. Waste Connections 1.4
Total 21.0
Asset Allocation (%)
Cash & Short Term 6.3
Bonds 28.1
Canadian Equities 39.4
Foreign Equities 26.2
Total 100.0
Sector Allocation (%)
Energy 8.0
Materials 8.9
Industrials 17.0
Consumer Discretionary 10.1
Consumer Staples 8.4
Health Care 6.9
Financials 24.3
Information Technology 10.9
Telecommunication Services 1.2
Utilities 2.3
Total 100.0
Equity Geographic allocation (%)
United States 22.8
United Kingdom 4.1
Europe ex-UK 8.2
Japan 2.8
Asia-Pacific 2.0
Canada 60.1
Total 100.0

Management Team

Candice Bangsund, CFACandice Bangsund, CFA

Vice President and Portfolio Manager, Global Asset Allocation

Candice Bangsund is a member of the Asset Allocation committee, focusing on central banks and fundamental macro analysis. She also actively participates in the development and communication of the Asset Allocation strategy.

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Candice Bangsund is a member of the Asset Allocation committee, focusing on central banks and fundamental macro analysis. She also actively participates in the development and communication of the Asset Allocation strategy.

Ms. Bangsund’s career in the investment industry spans almost eleven years, including eight years as an Investment Research Analyst for Franklin Templeton. While working with Franklin Templeton and the Franklin Templeton Global Asset Allocation Committee, she gained extensive experience with global macroeconomic research for asset classes, regions, sectors, commodities, and currencies. She also conducted multi-manager fund research and analysis with a focus on Canadian and Global Equity asset classes.

Ms. Bangsund obtained her Chartered Financial Analyst designation in 2009. She is a 2003 graduate of the University of Regina in Finance.

François Bourdon, FCIA, FSA, CFA, PRMFrançois Bourdon, FCIA, FSA, CFA, PRM

Chief Investment Solutions Officer

François Bourdon is Chief Investment Solutions Officer at Fiera Capital. In this role, Mr. Bourdon supports our business units in the development of new investment strategies, in collaboration with the CIO Office.

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He is also responsible for communicating Fiera Capital’s views related to the economy and investments and is jointly responsible for asset allocation decisions as well as for the management of the Global Bond, Multi Strategy Income and other non-traditional income strategies.

Mr. Bourdon has 21 years of industry experience and has been with the firm since its inception. Over the course of his career, he has held various positions including Associate Chief Investment Officer, Portfolio Manager - Quantitative Research, Director - Sales Strategies and Product Development as well as a consultant with leading Canadian investment management and life insurance organizations.

Mr. Bourdon graduated from Concordia University with a Bachelor of Mathematics (BMath) with a major in Actuarial Sciences. He later became a Fellow of the Society of Actuaries (FSA) and a fellow of the Canadian Institute of Actuaries (FCIA). He also obtained the Chartered Financial Analyst (CFA) and Professional Risk Manager (PRM) designations.

Christopher Laurie, MBA, CFAChristopher Laurie, MBA, CFA

Vice President and Senior Portfolio Manager, Fixed Income

Christopher Laurie is a member of the Tactical Fixed Income team and is the lead portfolio manager of the Tactical Fixed Income Strategy.

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Mr. Laurie has 29 years of industry experience and has been with the firm and a predecessor since 1994. Prior experiences include positions as Managing Director, as Vice President - Fixed income Strategy.

Mr. Laurie graduated from the University of Waterloo with a Bachelor of Applied Sciences (BSc), majoring in Electrical Engineering. He later received a Master of Business Administration (MBA) from the University of Western Ontario and also obtained the Chartered Financial Analyst (CFA) designation.

Frédérick Bérubé, CPA, CMA, CFAFrédérick Bérubé, CPA, CMA, CFA

Vice President and Portfolio Manager, Money Market

Frédérick Bérubé is responsible for managing money market portfolios.

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Frédérick Bérubé is responsible for managing money market portfolios.

Mr. Bérubé has 22 years of industry experience and has been with the firm since its inception. Prior experiences include positions as Portfolio Manager - Money Market, and Trader - Money Market at leading Canadian investment management firms.

Mr. Bérubé graduated from HEC Montréal with a Bachelor of Business Administration (BBA) majoring in Accounting and Finance. He later obtained the Chartered Professional Accountant (CPA), the Certified Management Accountant (CMA) and Chartered Financial Analyst (CFA) designations.

Michael Chan, MBA, CFAMichael Chan, MBA, CFA

Vice President and Senior Portfolio Manager, Small Cap Equities

Michael Chan is responsible for the management of the Canadian Equity Small Capitalization investment strategy and is also a member of the Canadian Equity Core team.

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Mr. Chan has 22 years of industry experience and has been with the firm and a predecessor since 2008. Prior experiences include a position as Executive Director and Vice President of Canadian Equities at a major Canadian investment management firm.

Mr. Chan obtained a Bachelor of Science (BSc), Mathematics from Dalhousie University, a Bachelor in Industrial Engineering (BEng) from the Technical University of Nova Scotia, and a Master of Business Administration (MBA) from Queen’s University. He also obtained the Chartered Financial Analyst (CFA) designation.

Ashish Chaturvedi, MBA, CFAAshish Chaturvedi, MBA, CFA

Vice President and Senior Portfolio Manager, Canadian Equities

Ashish Chaturvedi is a member of the Canadian Equity Core team and is jointly responsible for the management of the Canadian Equity Core investment strategy.

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Mr. Chaturvedi has 12 years of industry experience and has been with the firm and a predecessor since 2009. Prior experiences include positions as Vice President, Associate Director and Analyst of Canadian Equities with leading Canadian investment management firms.

Mr. Chaturvedi graduated from the Indian Institute of Technology with a Bachelor in Architecture and also holds a Master of Business Administration (MBA) from The Richard Ivey School of Business. He also obtained the Chartered Financial Analyst (CFA) designation.

Ray Halley, MBA, CFARay Halley, MBA, CFA

Vice President and Senior Portfolio Manager, Equities

Ray Halley is a member of the Canadian Equity Core team and is jointly responsible for the management of the Canadian Equity Core strategy.

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Mr. Halley has 17 years of industry experience and has been with the firm and a predecessor since 2009. Prior experiences include positions as Senior Portfolio Manager and Investment Analyst at major Canadian investment management firms.

Mr. Halley graduated from Memorial University of Newfoundland with a Bachelor of Business Administration (BBA), majoring in Finance. He later received a Master of Business Administration (MBA) from the University of Toronto Rotman School. He also obtained the Chartered Financial Analyst (CFA) designation.

Nadim Rizk, MBA, CFANadim Rizk, MBA, CFA

Senior Vice President and Lead Portfolio Manager, Global Equities

Nadim Rizk is a member of the Global Equity team and is the lead manager of the U.S., International and Global equity strategies.

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Mr. Rizk has over 19 years of industry experience and joined the firm in 2009. Prior experiences include positions as Head of Global Equities, Lead manager for U.S. and Global equity portfolios, as well as Senior Global Research Analyst positions at some of Canada’s leading investment management firms.

Mr. Rizk graduated from the American University of Beirut with a Bachelor of Business Administration (BBA), majoring in Finance. He later obtained a Master of Business Administration (MBA) from McGill University and also obtained the Chartered Financial Analyst (CFA) designation.

Documentation

Please read the simplified prospectus before investing. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this fund is a suitable investment for them.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.