Fiera Capital Small/mid-Cap Growth Fund
Data updated: 2023-08-02
C000194404 — Fiera Capital Small/mid-Cap Growth Fund. Global (incl. US) Mid Cap Growth Equity · $79.85M AUM. Holdings, fees, performance and SEC filings.
C000194404 Fund Overview
Fiera Capital Small/mid-Cap Growth Fund is a US mutual fund managed by Fiera Capital Series Trust, categorised as Global (incl. US) Mid Cap Growth 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: Global (incl. US) Mid Cap Growth Equity
- Assets under management: $79.85M
- 1-year return: 21.3%
- SEC CIK: 0001691994
- SEC series ID: S000059239
- Share class ID: C000194404
C000194404 Investment Objective and Strategy
Fiera Capital Small/mid-Cap Growth 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 long-term capital growth.
Principal investment strategy
"Fiera Capital Inc. (the ""Adviser"") seeks to achieve the Fund's investment objective by investing in a diversified portfolio of common stocks of companies believed to be small- and mid-cap growth-oriented companies that are selected for their long-term capital appreciation potential and which the Adviser expects to grow faster than the U.S. economy. The Fund considers an issuer to be a small- or mid-capitalization issuer if it has a market capitalization, at the time of purchase, within the range of the largest and smallest capitalized issuers included in the Russell 2500 Growth Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. The Fund may also invest in exchange-traded funds (""ETFs""). Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks of small- and mid-cap companies.
The Fund may invest up to 15% of its assets in common stocks of foreign small- and mid-cap companies through the purchase of American Depository Receipts (""ADRs"") and/or foreign domiciled companies listed on U.S. stock exchanges. The Fund may from time to time emphasize one or more sectors in selecting its investments, including the information technology/technology-related sectors. In selecting investments for the Fund, the Adviser uses an approach that combines ""top-down"" secular/macro-economic trend analysis with ""bottom- up"" security selection. The ""top-down"" approach takes into consideration factors such as interest rates, inflation, fiscal and monetary policy, global demographic trends, the regulatory environment and other attractive global investment opportunities. Through this ""top-down"" view, the Adviser seeks to provide a framework for ""bottom up"" research by identifying sectors, industries and companies that may benefit from the sustainability of the observed trends.
The Adviser then looks to fundamental ""bottom-up"" research for individual companies that it believes are exhibiting earnings growth potential at different stages of a company's growth cycle and may benefit from the observed secular/macro trends. The core investments of the Fund typically include more established companies that the Adviser recognizes as ""stable growth"" companies. The Adviser believes that stable growth companies can typically provide more stability and consistency in volatile markets and are identified as exhibiting potential earnings acceleration, consistency of earnings, solid fundamentals (e.g., a strong balance sheet, the ability to generate free cash flow), franchise durability and reasonable valuations in the context of projected growth rates. The Fund may also invest in companies that are in the earlier stages of their growth cycle that the Adviser recognizes as ""emerging growth"" companies.
The Adviser believes that emerging growth companies can typically exhibit more aggressive growth characteristics and may be experiencing a significant positive transformation or a favorable catalyst impacting their long-term earnings potential. Characteristics the Adviser considers in identifying emerging growth companies for the Fund include accelerating revenue growth, strong relative strength, company specific market advantage, or an introduction of a new product line with a large addressable marketplace. The Fund may sell securities and other investments when the Adviser believes that they have achieved full valuation, the Adviser identifies a more attractive investment, the Fund needs to maintain portfolio diversification, or an individual stock experiences declining fundamentals, negative earnings reports or similar adverse events or other relevant factors.
In general, once a common stock reaches $12 billion in market capitalization, the Adviser expects to gradually liquidate the position."
C000194404 Performance
Total returns for C000194404 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 21.3% |
| 3 years (annualised) | 13.6% |
C000194404 Risk Information
Risk metrics for C000194404, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.4%
C000194404 Costs and Fees
C000194404 costs about $105 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.05%
- Gross expense ratio: 1.15%
- Portfolio turnover: 24%
- Brokerage commissions: 9.99 bps of average net assets (SEC N-CEN)
C000194404 Cashflows
Over the 12 months to 2023-06, Fiera Capital Small/mid-Cap Growth Fund had net inflows of $48.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $5.13M |
| 2023-05 | $1.69M |
| 2023-04 | $2.98M |
| 2023-03 | $1.93M |
| 2023-02 | $1.71M |
| 2023-01 | $3.45M |
C000194404 Debt Constituents
No individual debt constituents are reported in Fiera Capital Small/mid-Cap Growth Fund's latest SEC N-PORT filing.
C000194404 Prospectus and SEC Filings
Official Fiera Capital Small/mid-Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus (485BPOS) — filed 2021-07-29
- Prospectus (485BPOS) — filed 2020-08-19
- 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 Global (incl. US) Mid Cap Growth 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.