Fiera Intrinsic Balanced Class

NXG 1739
Fund Code
2007-07-03
Inception Date
$45,622,607
As of 2020-05-26
Total Net Assets
$10.2554
(Dividend, F)
As of 2020-05-26
NAVPS
Canadian Balanced
Asset Class
40% S&P/TSX Composite Index & 20% S&P 500 Index (CAD) & 40% FTSE Canada Universe Bond Index
Benchmark

Fund Update

10/18/19 On October 18, 2019, the sub-advisor for the fund was changed from Galibier Capital Management Ltd. and 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

  • Seeks to provide a combination of capital preservation, income generation and long term capital growth primarily through investment in a diversified portfolio of Canadian securities.
  • Fiera Intrinsic Balanced Class pursues the investment objective primarily through investment in publicly traded Canadian equity and income trust securities and in government issued or guaranteed bonds, corporate debentures, mortgage and asset backed securities and treasury bills.
  • Fiera Intrinsic Balanced Class may invest in fixed income and income trust securities directly, or indirectly through the use of derivatives, to provide the Fund, with an investment return similar to a direct investment, less the derivative costs.

Investment Strategy

  • The Portfolio Manager employs an asset allocation approach to managing a balanced portfolio of canadian equity and fixed income securities. The Fund’s relative positioning in equity and fixed income securities is actively managed and will each range between 25% and 75% of the Fund’s assets. The asset allocation process is based on the research and analysis of Central Banks’ monetary policies, economic fundamentals, market valuations, Market Sentiment and Technical indicators. The objective is to achieve an optimal portfolio positioning throughout economic cycles.
  • The Fixed Income Portfolio Manager will deploy investment strategies based on fundamental, technical, sentiment and seasonality based analysis. This will allow the Manager to identify macroeconomic and medium to long term economic trends, exploit short and medium-term investment opportunities, avoid market excess and help identify contrarian positioning as well as recognize seasonal movements in the Canadian bond market.
  • The Equity Portfolio Manager focuses on owning high quality, dividend growing businesses trading at attractive valuations, with a significant focus on capital preservation. The strategy looks to own good businesses that are durable and run by management teams that have demonstrated an ability to operate efficiently and allocate capital, thereby building intrinsic value over time for investors. The portfolio construction process is based on a dynamic sizing of portfolio positions based on the level of conviction of the Portfolio Manager, the relative valuation of the stocks, and the overall risk assessment.
  • The Fund may invest up to 30% of the cost of its net assets in foreign securities.

Reasons to own the fund

  • Investors who want a core Canadian balanced investment.
  • Investors who want a combination of equity and fixed income investments and are comfortable with the risks of equity and fixed income securities.

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