Fiera Capital Equity Growth Fund

As at May 31, 2017 (unless otherwise indicated)

Fund Objective

The objective of the Fund is to achieve over the longer term the highest possible return that is consistent with a fundamental investment philosophy. The Fund invests primarily in Canadian equity securities issued by Canadian companies, with a significant bias toward small to medium capitalization stocks.

Management Style

We believe that our philosophical approach of building a portfolio stock-by stock, employing a research focused, bottom-up approach is the best method for building a portfolio that will outperform the market over the long term. We focus on companies with significant competitive advantages and superior return on equity and growth relative to industry peers. Finally we purchase companies at a discount to fair value based on fair value over 3 years.

Reasons to Own the Fund

  • Invests in best of breed companies with entrepreneurial management teams with significant ownership interest in their companies.
  • Our Proprietary ranking system allows us to optimize our client's portfolio. This quantitative and qualitative system allows our client's portfolio to own our best investment ideas.
  • Long term capital appreciation with less volatility driven by a portfolio of companies with superior return on equity (ROE) and growth coupled with lower financial leverage.

Fund Details

Unit price (Class B)
As at 2017/06/23
$109.2051
Asset class Canadian Equity Small/ Medium Cap
Fund type Mutual Fund
Number of holdings 63
Size $388 million
Inception November 20, 1986
Fund Codes
Class B SIC 003
Management Fees
Class B 1.25%
Distributions Semi-annual
Minimum Investment $5,000
Subsequent Investment $1,000
Pre-Authorized Cheque Plan Yes
Switches Yes
RSP Eligibility Yes
Settlement T+3

Volatility

Medium to High
The risk level is Medium to High

Performance (%)

Compounded returns (Class B) • As at April 30, 2017
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs 5 Yrs 10 Yrs SI
-2.20 -2.95 -2.45 1.72 1.80 9.40 3.59 11.62
Calendar returns (Class B) • As at December 31
YTD-2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
-4.96 12.79 0.11 9.99 32.08 0.52 -8.86 33.23 61.55 -54.01 16.27

Growth of $10,000

Characteristics

Top-10 Holdings (%)
01. Tricon Capital Group 4.1
02. Parex Resources 3.5
03. New Flyer Industries 3.3
04. Enghouse Systems Ltd 3.3
05. Boyd Group Incm Fund Trust Unit 3.2
06. Kinaxis Inc 3.1
07. Intertape Polymer 3.1
08. Sleep Country Canada 3.0
09. Badger Daylighting 2.7
10. Uni Select Inc 2.6
Total 31.9
Asset Allocation (%)
Cash & Short Term 0.5
Canadian Equities 99.5
Total 100.0
Sector Allocation (%)
Energy 14.7
Materials 14.0
Industrials 20.2
Consumer Discretionary 11.8
Consumer Staples 2.5
Health Care 2.5
Financials 5.2
Information Technology 11.6
Telecommunication Services 0.0
Utilities 3.4
Real Estate 14.1
ETF , Index & Others 0.0
Total 100.0
Geographic Allocation (%)
Canada 100.0
Total 100.0

Management Team

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.

Read biography

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.

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.