Canadian Equity Low Beta

Strategy Overview

Investment Strategy

Systematic investment process that focuses on identifying mid-to-large cap firms with robust attributes reflecting a balance of defensive risk traits, disciplined capital allocation and strong fundamentals through a concentrated portfolio of 35 stocks. The team works on identifying high-conviction low beta stocks that offer stability and upside potential, aiming to deliver measured equity participation while limiting exposure to downside risk, ensuring the portfolio remains defensively positioned yet responsive to emerging opportunities. Our rigorous quantitative process is designed to isolate these alpha sources using market, fundamental, behavioral and forecast factors. This active process is built to generate repeatable risk-adjusted outperformance through a disciplined and systematic process.

Why Invest in this Strategy

Close-Knit experienced quantitative team
Systematic, disciplined and robust portfolio construction process geared towards extracting repeatable risk adjusted outperformance in mid-to-large cap stocks
Aims to maximize risk adjusted returns over full market cycle
Defensive stance providing smoother returns during volatile market periods, reducing the emotional and financial stress of large portfolio swing
This strategy aims to reduce losses during adverse market conditions, preserving more capital for future growth

Highlights

								Inception Date
								December 1, 2017
							

								Assets Under Management ($M)
								$96 (As of September 30, 2025)
							

								Price
								$11.2802 (As of January 27, 2026)
							

								Last Distribution Paid ($)
								$1.0518 (December 31, 2025)
							

								Style
								Active, Quantitative factor
							

								Process
								Systematic, Bottom-Up
							

								Rebalancing
								Quarterly Selection
							

								Number of holdings
								35 stocks
							

Performance (%)

Annual Performance

	Q3 2025	YTD - 2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Canadian Equity Low Beta Composite	5.26	16.02	22.06	11.65	0.22	18.89	4.13	25.77	-2.61	-	-	-
S&P/TSX Index	12.50	23.93	21.65	11.75	-5.84	25.09	5.60	22.88	-8.89	-	-	-
Value Added	-7.24	-7.91	0.41	-0.10	6.06	-6.20	-1.47	2.89	6.28	-	-	-

Q3 2025
	%
Canadian Equity Low Beta Composite	5.26
S&P/TSX Index	12.50
Value Added	-7.24

YTD - 2025
	%
Canadian Equity Low Beta Composite	16.02
S&P/TSX Index	23.93
Value Added	-7.91

2024
	%
Canadian Equity Low Beta Composite	22.06
S&P/TSX Index	21.65
Value Added	0.41

2023
	%
Canadian Equity Low Beta Composite	11.65
S&P/TSX Index	11.75
Value Added	-0.10

2022
	%
Canadian Equity Low Beta Composite	0.22
S&P/TSX Index	-5.84
Value Added	6.06

2021
	%
Canadian Equity Low Beta Composite	18.89
S&P/TSX Index	25.09
Value Added	-6.20

2020
	%
Canadian Equity Low Beta Composite	4.13
S&P/TSX Index	5.60
Value Added	-1.47

2019
	%
Canadian Equity Low Beta Composite	25.77
S&P/TSX Index	22.88
Value Added	2.89

2018
	%
Canadian Equity Low Beta Composite	-2.61
S&P/TSX Index	-8.89
Value Added	6.28

2017
	%
Canadian Equity Low Beta Composite	-
S&P/TSX Index	-
Value Added	-

2016
	%
Canadian Equity Low Beta Composite	-
S&P/TSX Index	-
Value Added	-

2015
	%
Canadian Equity Low Beta Composite	-
S&P/TSX Index	-
Value Added	-

Annualized as at September 30, 2025

	1 Y	2 Y	3 Y	4 Y	5 Y	6 Y	7 Y	8 Y	9 Y	10 Y	SI
Canadian Equity Low Beta Composite	16.85	24.28	18.94	13.55	14.22	12.10	12.94	-	-	-	11.84
S&P/TSX Index	28.60	27.66	21.31	14.00	16.68	13.71	12.74	-	-	-	11.67
Value Added	-11.75	-3.38	-2.37	-0.45	-2.46	-1.61	0.20	-	-	-	0.17

1 Y
	%
Canadian Equity Low Beta Composite	16.85
S&P/TSX Index	28.60
Value Added	-11.75

2 Y
	%
Canadian Equity Low Beta Composite	24.28
S&P/TSX Index	27.66
Value Added	-3.38

3 Y
	%
Canadian Equity Low Beta Composite	18.94
S&P/TSX Index	21.31
Value Added	-2.37

4 Y
	%
Canadian Equity Low Beta Composite	13.55
S&P/TSX Index	14.00
Value Added	-0.45

5 Y
	%
Canadian Equity Low Beta Composite	14.22
S&P/TSX Index	16.68
Value Added	-2.46

6 Y
	%
Canadian Equity Low Beta Composite	12.10
S&P/TSX Index	13.71
Value Added	-1.61

7 Y
	%
Canadian Equity Low Beta Composite	12.94
S&P/TSX Index	12.74
Value Added	0.20

8 Y
	%
Canadian Equity Low Beta Composite	-
S&P/TSX Index	-
Value Added	-

9 Y
	%
Canadian Equity Low Beta Composite	-
S&P/TSX Index	-
Value Added	-

10 Y
	%
Canadian Equity Low Beta Composite	-
S&P/TSX Index	-
Value Added	-

SI
	%
Canadian Equity Low Beta Composite	11.84
S&P/TSX Index	11.67
Value Added	0.17

Past performance is not a guarantee or indicator of future results. Inherent in any investment is the risk of loss.

Composite returns, presented gross of management fees

Investment Team

Michael Lavigne MSc, FRM, CIM

Senior Managing Director, Public Markets Platform

Montreal

View profile

The SIS team combines expertise and experience in financial engineering, trading and execution to deliver superior client outcomes and service.

Documents

Strategy Profile

Disclaimer

The information provided herein does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Past performance is no guarantee of future results. Information pertaining to Fiera pooled funds is not to be construed as a public offering of securities in any jurisdictions of Canada. The offering of units of Fiera pooled fund is made pursuant to the fund’s Trust Agreement and only to those investors in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about Fiera pooled funds, including a statement of the fund’s investment objective, is contained in its Trust Agreement, a copy of which may be obtained from Fiera Capital Corporation. Unit values and investment returns will fluctuate. Please read the Trust Agreement of the pooled funds before investing. All performance data assume reinvestment of all distributions or dividends and do not take into account other charges or income taxes payable by any unitholder that would have reduced returns. Pooled funds are not guaranteed, their values change frequently and past performance may not be repeated.