Fiera Capital International Equity Fund
Data updated: 2023-08-02
C000194215 — Fiera Capital International Equity Fund. Europe Blend / Core Equity · $263.75M AUM. Holdings, fees, performance and SEC filings.
C000194215 Fund Overview
Fiera Capital International Equity Fund is a US mutual fund managed by Fiera Capital Series Trust, categorised as Europe Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fiera Capital Series Trust
- Category: Europe Blend / Core Equity
- Assets under management: $263.75M
- 1-year return: 22.4%
- SEC CIK: 0001691994
- SEC series ID: S000059228
- Share class ID: C000194215
C000194215 Investment Objective and Strategy
Fiera Capital International Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fiera Capital Series Trust.
Investment objective
The Fund seeks to achieve capital appreciation.
Principal investment strategy
"Fiera Capital Inc. (the ""Adviser"") seeks to achieve the Fund's investment objective by investing in a portfolio of international equities. The Fund may invest in issuers with market capitalizations of any size, though it generally expects to focus on issuers with market capitalization in excess of $1 billion. Under normal market conditions, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of companies located in at least three countries other than the United States, including emerging market countries. For these purposes, a company is considered located in a country outside the United States if: (i) the company's securities are principally traded on such country's exchange or (ii) the company's securities are included in the MSCI World Ex-US Index.
In addition, the Fund considers countries represented in the MSCI Emerging Markets Index to be emerging market countries. From time to time, the Fund may focus its investments in certain countries or geographic areas, including Europe. Equity securities include common stock, preferred stock, convertible securities and depositary receipts. In addition, the Fund may enter into forward currency contracts to hedge the currency exposure associated with some or all of the Fund's securities, to shift investment exposure from one currency to another, to shift U.S. dollar exposure to achieve a representative weighted mix of major currencies in its benchmark, or to adjust an underweight country exposure in its portfolio. The Fund may also invest in securities issued by other investment companies. In pursuing the Fund's investment objective, the Adviser employs a bottom-up stock selection approach which results in a portfolio generally ranging from 25 to 45 companies.
A bottom-up stock selection approach focuses on the analysis of individual stocks (microeconomic factors) as opposed to the significance of economic cycles and market cycles (macroeconomic factors). The Adviser looks for companies that have growth potential that are believed to be trading at attractive valuations. In doing so, the Adviser focuses on companies believed by the portfolio management team to have the following characteristics, among others: Sustainable competitive advantage in an industry with high barriers to entry; Attractive industry with pricing power, organic growth and limited cyclicality; Strong management teams with sound corporate governance; History of stable profit margins; Solid balance sheet with low leverage; and Attractive valuation with a stock price below intrinsic value.
In evaluating whether to sell a security, the Adviser considers, among other factors, whether in its view the company no longer continues to meet the standards described above and/or the Adviser believes there are more attractive opportunities available for investment by the Fund. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer issuers than can a diversified fund."
C000194215 Performance
Total returns for C000194215 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 22.4% |
| 3 years (annualised) | 10.3% |
C000194215 Risk Information
Risk metrics for C000194215, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.0%
C000194215 Costs and Fees
C000194215 costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.30%
- Portfolio turnover: 11%
- Brokerage commissions: 1.98 bps of average net assets (SEC N-CEN)
C000194215 Cashflows
Over the 12 months to 2023-06, Fiera Capital International Equity Fund had net inflows of $100.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $13.04M |
| 2023-05 | $8.02M |
| 2023-04 | $2.97M |
| 2023-03 | $6.50M |
| 2023-02 | $2.33M |
| 2023-01 | $10.77M |
C000194215 Debt Constituents
No individual debt constituents are reported in Fiera Capital International Equity Fund's latest SEC N-PORT filing.
C000194215 Prospectus and SEC Filings
Official Fiera Capital International Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus (485BPOS) — filed 2021-07-29
- Portfolio holdings (N-PORT) — filed 2023-08-02
- Portfolio holdings (N-PORT) — filed 2023-05-18
- Portfolio holdings (N-PORT) — filed 2023-02-22
- Annual census (N-CEN) — filed 2023-06-14
- Annual census (N-CEN) — filed 2022-06-09
Related Funds
Other Europe Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.