Fiera Canadian Preferred Share Registered Fund

NXG 5208
Fund Code
2013-08-26
Inception Date
$33,509,955
As of 2020-03-31
Total Net Assets
$6.3195
(Registered, F)
As of 2020-03-31
NAVPS
Preferred Share Fixed Income
Asset Class
S&P/TSX Preferred Share Index
Benchmark

Fund Update

10/18/19 On October 18, 2019, the sub-advisor for the fund was changed from J. Zechner Associates Inc. to Fiera Capital Corporation. Changes in the investment strategies of the fund were made because of the sub-advisor change. Portfolio allocations and performance measurement periods prior to this date are reflective of the previous investment strategy.

Fund Overview

Investment Objective

  • Pursues a steady flow of income primarily through investment in Canadian preferred shares.
  • Fiera Canadian Preferred Share Registered Fund seeks to achieve the investment objective through the investment of substantially all its portfolio assets in non-publicly offered debt and Inter-Fund class shares of Fiera Canadian Preferred Share Class.

Investment Strategy

  • The Portfolio Manager conducts a thorough assessment of macroeconomic factors followed by extensive credit and relative value analysis. This results in a high-quality, relatively conservative diversified portfolio of preferred shares with the potential to deliver returns in excess of industry indices through the Portfolio Manager’s long term positioning and approach, trading process, duration management and understanding of technical factors specific to preferred shares.
  • Although the Fund is expected to primarily invest in preferred share securities the Portfolio Manager may at times utilize other fixed income securities including money market securities and government bonds, preferred share ETFs, agency and/or corporate bonds to a maximum of 40% of the portfolio.
  • The Fund may invest up to 20% of the cost of its net assets in foreign securities.

Reasons to own the fund

  • Investors who want exposure to dividend income through a diversified portfolio of Canadian preferred shares

Sales and Support

For financial professionals