Fiera Capital Bond Fund

As at July 31, 2017 (unless otherwise indicated)

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 (Class B)
As at 2017/08/22
$12.7625
Asset class Canadian Fixed Income
Fund type Mutual Fund
Number of holdings 42
Duration 8.3
Size $51.7
Inception November 22, 1985
Fund Codes
Class B SIC 002
Management Fees
Class B 0.75%
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

Low
The risk level is Low

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
1.36 3.32 -1.17 1.91 2.96 2.81 3.69 6.77
Calendar returns (Class B) • As at December 31
YTD-2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
2.90 -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 Govt 2.75 Dec 01 48 9.2
02. Royal Office Finance 5.209 Nov 12 32 4.5
03. Toronto Comm Housing 4.877 May 11 37 4.0
04. Ontario 3.500 Jun 02 24 3.7
05. Canada Govt 0.500 Aug 01 18 3.6
06. Quebec Prov 3.500 Dec 01 48 3.5
07. Quebec Prov 4.500 Dec 01 18 2.8
08. Quebec Prov 2.750 Sep 01 25 2.5
09. Brookfield Off Pro 3.244 Jan 09 20 2.5
10. Cadillac Fairv Fin 4.310 Jan 25 21 2.5
Total 38.8
Asset Allocation (%)
Cash & Short Term 4.2
Bonds 95.8
Total 100.0
Bond Type (%)
Short Term 0.0
Federal Bonds 20.1
Provincial / Municipal Bonds 41.0
Corporate Debentures 39.8
Total 100.0
Credit Quality (%)
AAA 21.5
AA 35.4
A 28.5
BBB 14.6
None 0.0
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.