Fiera Capital High Income Fund

As at May 31, 2017 (unless otherwise indicated)

Fund Objective

The objective of the Fund is to provide a high level of income along with moderate capital growth by primarily investing in a diversified portfolio of Canadian securities, including real estate investment trusts (REITs), income trusts, fixed-income securities and high-yielding equities.

Management Style

The fund may invest across a broad range of income-generating securities. When choosing equities, attention is paid to companies that pay a sustainable dividend, generate strong cash flows and are attractively valued on a risk-adjusted basis.

Reasons to Own the Fund

  • Focused on equities that pay a sustainable dividend, generate strong cash flows and are attractively valued
  • Straight-forward decision-making process, consistently applied in all markets
  • Monthly distribution targeted between 5% to 7% per annum

Fund Details

Unit price (Class B)
As at 2017/06/23
$17.8167
Asset class Canadian Dividend and Income Equity
Fund type Mutual Fund
Number of holdings 30
Size $28 million
Inception September 7, 2001
Fund Codes
Class B SIC 009
Management Fees
Class B 1.25%
Distributions Monthly
Minimum Investment $5,000
Subsequent Investment $1,000
Pre-Authorized Cheque Plan Yes
Switches Yes
RSP Eligibility Yes
Settlement T+3

Volatility

Medium
The risk level is Medium

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
0.90 2.56 7.48 16.29 2.67 7.83 4.79 9.84
Calendar returns (Class B) • As at December 31
YTD-2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
3.13 24.74 -13.14 2.16 21.90 8.03 0.09 19.07 27.97 -31.52 7.86

Growth of $10,000

Characteristics

Top-10 Holdings (%)
01. TransCanada Corp 8.4
02. Royal Bank of Canada 8.0
03. Enbridge Inc. 7.8
04. Bank of Nova Scotia 7.4
05. Pembina Pipeline 6.0
06. BCE Inc 5.3
07. Shaw Communications Class B Non Vtg 4.9
08. Brookfield Renewable Common Lpu 4.1
09. Brookfield Property Partners L.P.U 3.9
10. Bank of Montreal 3.7
Total 59.5
Asset Allocation (%)
Cash & Short Term 0.2
Canadian Equities 99.8
Total 100.0
Sector Allocation (%)
Energy 28.4
Materials 2.2
Industrials 2.3
Consumer Discretionary 6.2
Consumer Staples 0.0
Health Care 0.0
Financials 29.0
Information Technology 0.0
Telecommunication Services 8.3
Utilities 10.1
Real Estate 13.5
ETF , Index & Others 0.0
Total 100.0
Geographic Allocation (%)
Canada 100.0
Total 100.0

Management Team

Michael Brown, CPA, CA, CFAMichael Brown, CPA, CA, CFA

Vice President and Portfolio Manager, Equities

Michael Brown is a member of the Canadian Equity Value team, is the lead portfolio manager for the Canadian High Income Equity strategy and contributes to the management of the Canadian Equity Value strategy.

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Mr. Brown has 13 years of industry experience and has been with the firm and a predecessor since 2005. Prior experiences include positions as Assistant Portfolio Manager, Investment Analyst and Senior Associate at leading Canadian investment management firms.

Mr. Brown graduated from the University of Alberta with a Bachelor of Commerce (BComm), majoring in Accounting. He also obtained the Chartered Professional Accountant (CPA), Chartered Accountant (CA) and Chartered Financial Analyst (CFA) designations.

Patrick Potvin, M.SC., CFAPatrick Potvin, M.SC., CFA

Vice President and Senior Portfolio Manager, Equities

Patrick Potvin is a member of the Canadian Equity Value team, is responsible for managing the Canadian Equity Value strategy and contributes to the management of the Canadian High Income Equity investment strategy.

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Mr. Potvin has 20 years of industry experience and has been with the firm since its inception. Prior experiences include Portfolio Management and Financial Analyst positions at leading Canadian investment management companies. He also served as co-lead of Fiera Capital’s Canadian Small Cap strategy from 2003 to 2010.

Mr. Potvin graduated from Université du Québec à Trois-Rivières with a Bachelor of Business Administration (BBA), majoring in Finance. He later obtained a Master in Management degree (M.Sc.) in Finance from Université de Sherbrooke as well as the Chartered Financial Analyst (CFA) designation.

Patrice Filiatrault, CFAPatrice Filiatrault, CFA

Vice President and Portfolio Manager, Equities

Patrice Filiatrault is a member of the Canadian Equity Value team and contributes to the management of the Canadian Equity Value and High Income Equity strategies.

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Mr. Filiatrault has 22 years of industry experience and has joined the firm in 2014.  Prior experiences include positions as Senior Portfolio Manager and Senior Analyst for a major Canadian financial institution.

Mr. Filiatrault graduated from HEC Montréal with a Bachelor of Business Administration (BBA), majoring in Economics and Finance.  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.