Fiera Capital Diversified Bond Fund

As at August 31, 2017 (unless otherwise indicated)

Formerly: Fiera Capital Bond Fund

Fund Objective

The objective of the Fund is to provide safety of capital and high current income primarily through investment in Canadian income securities. The Fund will primarily invest in short and long-term debt securities issued or guaranteed by Federal, Provincial, and Municipal governments, as well as those issued by Canadian companies.

Management Style

The fund takes an active fundamental and tactical top-down investment approach which may be contrarian at market extremes. The investment style emphasizes duration calls, technical analysis for short-term trading and conservative corporate credit selection.

Reasons to Own the Fund

  • Experienced institutional manager
  • Active, top-down investment with a focus on active duration management
  • Quality investment-grade portfolio (BBB or above)

Fund Details

Unit price (Series D)
As at 2017/09/22
$12.6128
Asset class Canadian Fixed Income
Number of holdings 42
Duration 8.3
Size $51 million
Inception November 22, 1985
Fund Codes
Series D SIC 002
Management Fees
Series D 0.75%
Distributions Quarterly
Minimum Investment $500
Subsequent Investment $100
Pre-Authorized Cheque Plan Yes
Switches Yes
RSP Eligibility Yes
Settlement T+2

Volatility

Low
The risk level is Low

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
1.58 -1.84 1.42 -2.24 1.85 2.03 3.79 6.68
Calendar returns (Series D) • As at December 31
YTD-2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
2.25 -0.09 1.47 8.25 -2.31 4.27 8.31 5.66 5.89 2.24 1.42

Growth of $10,000

Characteristics

Top 10 Holdings (%)
01. Canada Nov 02 17 5.9
02. Canada Govt 2.75 Dec 01 48 5.3
03. Canada Govt 0.500 Aug 01 18 4.3
04. Toronto Comm Housing 4.877 May 11 37 4.1
05. Royal Office Finance 5.209 Nov 12 32 3.8
06. Ontario 3.500 Jun 02 24 2.9
07. Quebec Prov 4.500 Dec 01 18 2.8
08. Quebec Prov 3.500 Dec 01 48 2.4
09. Canada Nov 16 17 2.4
10. Ks Sp Ltd Patnrsp 3.210 Jun 15 19 2.1
Total 36.0
Asset Allocation (%)
Cash & Short Term 25.0
Bonds 75.0
Total 100.0
Sector Allocation (%)
Total 100.0
Equity Geographic allocation (%)
Total 100.0

Management Team

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.

Read biography

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.

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.