Strategy Overview
Strategy Description
This strategy produces growing income and stable total returns through investment in real property across Canada comprising institutional grade, industrial, office, retail and multi-residential properties.
Fiera Real Estate is the investment manager of the underlying real estate strategy. Core real estate is an attractive element of a multi-asset portfolio based on its investment characteristics, and its ability to stabilize portfolio performance and protect against inflation. This strategy is risk-managed within an Investment Policy that establishes exposure limits by asset size, debt, property type, region, tenant exposure and development.
Highlights
- Inception Date
- July 1, 2013
- Price
- $11.4849 (As of May 29, 2026)
- Last Distribution Paid ($)
- $0.1089 (April 30, 2026)
Performance
Monthly Performance as at May 31, 2026
| Year | Jan. | Feb. | Mar. | Apr. | May | Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. | Year / YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 0.00 | -0.10 | 0.22 | 0.20 | 0.08 | 0.18 | 0.58 | ||||||
| 2014 | 0.72 | 0.15 | 1.24 | 0.00 | 0.05 | 1.07 | -0.05 | 0.23 | 1.30 | -0.12 | 0.12 | 0.96 | 5.83 |
| 2015 | 0.01 | -0.02 | 1.20 | -0.15 | 0.04 | 1.74 | -0.26 | -0.21 | 1.16 | -0.16 | 0.00 | 1.57 | 5.00 |
| 2016 | -0.18 | 0.01 | 1.46 | -0.11 | 0.02 | 1.36 | -0.12 | 0.01 | 2.51 | -0.16 | 0.02 | 2.39 | 7.42 |
| 2017 | -0.15 | 0.02 | 2.61 | -0.17 | 0.00 | 1.72 | 0.45 | 0.27 | 0.73 | 0.19 | 0.25 | 0.53 | 6.61 |
| 2018 | 0.39 | 0.29 | -0.13 | 1.18 | -0.26 | 1.67 | 0.46 | 0.07 | 2.01 | 0.45 | 0.19 | 0.68 | 7.20 |
| 2019 | 0.87 | 0.97 | 0.22 | 0.18 | -0.01 | 1.41 | 0.07 | 0.07 | 1.23 | 0.29 | 0.41 | 1.99 | 7.95 |
| 2020 | -0.21 | 0.27 | -2.07 | 2.16 | -2.96 | 1.41 | 0.68 | 1.18 | -0.32 | 0.57 | 0.41 | 1.82 | 2.85 |
| 2021 | 0.67 | 1.82 | 0.59 | 1.21 | 0.97 | 2.01 | 0.52 | 1.24 | 1.44 | 2.04 | 0.20 | 1.55 | 15.22 |
| 2022 | 1.59 | 1.42 | 2.12 | 1.56 | 1.71 | 0.64 | -0.07 | 1.38 | -0.67 | 0.09 | -1.10 | -2.26 | 6.50 |
| 2023 | -0.42 | 0.55 | -0.57 | 0.09 | 0.73 | 0.25 | 0.14 | 0.13 | -0.02 | -0.19 | -0.73 | -0.72 | -0.77 |
| 2024 | 0.41 | 0.40 | -0.26 | 0.50 | 0.23 | 0.08 | 0.03 | 0.34 | 1.46 | 0.43 | 0.47 | 1.50 | 5.72 |
| 2025 | -0.01 | 0.51 | 1.39 | 0.24 | 0.47 | 0.12 | 0.39 | 0.40 | 1.08 | 0.06 | -0.04 | 1.00 | 5.74 |
| 2026 | 0.17 | 0.08 | 1.02 | 0.33 | 0.04 | 1.64 | |||||||
| Net annualized return since inception | 5.94 | ||||||||||||
| Jan. | |
|---|---|
| Feb. | |
| Mar. | |
| Apr. | |
| May | |
| Jun. | |
| Jul. | 0.00 |
| Aug. | -0.10 |
| Sep. | 0.22 |
| Oct. | 0.20 |
| Nov. | 0.08 |
| Dec. | 0.18 |
| Year / YTD | 0.58 |
| Jan. | 0.72 |
|---|---|
| Feb. | 0.15 |
| Mar. | 1.24 |
| Apr. | 0.00 |
| May | 0.05 |
| Jun. | 1.07 |
| Jul. | -0.05 |
| Aug. | 0.23 |
| Sep. | 1.30 |
| Oct. | -0.12 |
| Nov. | 0.12 |
| Dec. | 0.96 |
| Year / YTD | 5.83 |
| Jan. | 0.01 |
|---|---|
| Feb. | -0.02 |
| Mar. | 1.20 |
| Apr. | -0.15 |
| May | 0.04 |
| Jun. | 1.74 |
| Jul. | -0.26 |
| Aug. | -0.21 |
| Sep. | 1.16 |
| Oct. | -0.16 |
| Nov. | 0.00 |
| Dec. | 1.57 |
| Year / YTD | 5.00 |
| Jan. | -0.18 |
|---|---|
| Feb. | 0.01 |
| Mar. | 1.46 |
| Apr. | -0.11 |
| May | 0.02 |
| Jun. | 1.36 |
| Jul. | -0.12 |
| Aug. | 0.01 |
| Sep. | 2.51 |
| Oct. | -0.16 |
| Nov. | 0.02 |
| Dec. | 2.39 |
| Year / YTD | 7.42 |
| Jan. | -0.15 |
|---|---|
| Feb. | 0.02 |
| Mar. | 2.61 |
| Apr. | -0.17 |
| May | 0.00 |
| Jun. | 1.72 |
| Jul. | 0.45 |
| Aug. | 0.27 |
| Sep. | 0.73 |
| Oct. | 0.19 |
| Nov. | 0.25 |
| Dec. | 0.53 |
| Year / YTD | 6.61 |
| Jan. | 0.39 |
|---|---|
| Feb. | 0.29 |
| Mar. | -0.13 |
| Apr. | 1.18 |
| May | -0.26 |
| Jun. | 1.67 |
| Jul. | 0.46 |
| Aug. | 0.07 |
| Sep. | 2.01 |
| Oct. | 0.45 |
| Nov. | 0.19 |
| Dec. | 0.68 |
| Year / YTD | 7.20 |
| Jan. | 0.87 |
|---|---|
| Feb. | 0.97 |
| Mar. | 0.22 |
| Apr. | 0.18 |
| May | -0.01 |
| Jun. | 1.41 |
| Jul. | 0.07 |
| Aug. | 0.07 |
| Sep. | 1.23 |
| Oct. | 0.29 |
| Nov. | 0.41 |
| Dec. | 1.99 |
| Year / YTD | 7.95 |
| Jan. | -0.21 |
|---|---|
| Feb. | 0.27 |
| Mar. | -2.07 |
| Apr. | 2.16 |
| May | -2.96 |
| Jun. | 1.41 |
| Jul. | 0.68 |
| Aug. | 1.18 |
| Sep. | -0.32 |
| Oct. | 0.57 |
| Nov. | 0.41 |
| Dec. | 1.82 |
| Year / YTD | 2.85 |
| Jan. | 0.67 |
|---|---|
| Feb. | 1.82 |
| Mar. | 0.59 |
| Apr. | 1.21 |
| May | 0.97 |
| Jun. | 2.01 |
| Jul. | 0.52 |
| Aug. | 1.24 |
| Sep. | 1.44 |
| Oct. | 2.04 |
| Nov. | 0.20 |
| Dec. | 1.55 |
| Year / YTD | 15.22 |
| Jan. | 1.59 |
|---|---|
| Feb. | 1.42 |
| Mar. | 2.12 |
| Apr. | 1.56 |
| May | 1.71 |
| Jun. | 0.64 |
| Jul. | -0.07 |
| Aug. | 1.38 |
| Sep. | -0.67 |
| Oct. | 0.09 |
| Nov. | -1.10 |
| Dec. | -2.26 |
| Year / YTD | 6.50 |
| Jan. | -0.42 |
|---|---|
| Feb. | 0.55 |
| Mar. | -0.57 |
| Apr. | 0.09 |
| May | 0.73 |
| Jun. | 0.25 |
| Jul. | 0.14 |
| Aug. | 0.13 |
| Sep. | -0.02 |
| Oct. | -0.19 |
| Nov. | -0.73 |
| Dec. | -0.72 |
| Year / YTD | -0.77 |
| Jan. | 0.41 |
|---|---|
| Feb. | 0.40 |
| Mar. | -0.26 |
| Apr. | 0.50 |
| May | 0.23 |
| Jun. | 0.08 |
| Jul. | 0.03 |
| Aug. | 0.34 |
| Sep. | 1.46 |
| Oct. | 0.43 |
| Nov. | 0.47 |
| Dec. | 1.50 |
| Year / YTD | 5.72 |
| Jan. | -0.01 |
|---|---|
| Feb. | 0.51 |
| Mar. | 1.39 |
| Apr. | 0.24 |
| May | 0.47 |
| Jun. | 0.12 |
| Jul. | 0.39 |
| Aug. | 0.40 |
| Sep. | 1.08 |
| Oct. | 0.06 |
| Nov. | -0.04 |
| Dec. | 1.00 |
| Year / YTD | 5.74 |
| Jan. | 0.17 |
|---|---|
| Feb. | 0.08 |
| Mar. | 1.02 |
| Apr. | 0.33 |
| May | 0.04 |
| Jun. | |
| Jul. | |
| Aug. | |
| Sep. | |
| Oct. | |
| Nov. | |
| Dec. | |
| Year / YTD | 1.64 |
Net annualized return since inception
Past performance is not a guarantee or indicator of future results. Inherent in any investment is the risk of loss.
Returns are net of fees payable to underlying strategies.
Investment Team
Fiera Private Markets Solutions provides efficient access to a diverse global suite of innovative investment solutions through thoughtfully managed and optimized asset class portfolios. Clients benefit from global exposure to high quality private credit, real estate, natural capital, infrastructure and private equity investment opportunities.
They are assisted by an analyst.
Additional Strategies
Managed by the Team
Documents
Important Disclosures
Nothing on this website should be viewed as a recommendation, offer or solicitation to buy or sell any security or investment and does not constitute investment, legal, tax or accounting advice. Services are offered only to qualified investors and only in accordance with applicable laws and regulations in each relevant jurisdiction. Information is believed to be accurate as of the publication date but may change without notice; no warranty is provided, and Fiera Capital and its affiliates disclaim liability for its use.
Past performance is not a guarantee of future results. Inherent in any investment is the potential for loss. Target returns are aspirational, forward-looking and do not represent actual performance. There is no guarantee that such performance will be achieved, and actual results may vary substantially. Metrics (e.g., exposures, ratios, characteristics) are for reference only and may not capture all relevant factors. Different metrics may lead to materially different conclusions; Any specific holdings mentioned are for illustration only, and may not represent the full portfolio, past holdings, or future positions. Indices are unmanaged, not investable, and do not reflect fees or expenses. Index comparisons are provided for context and portfolio holdings may differ significantly from those of any index; All investment strategies involve risks, including market, economic, financial, operational, liquidity, valuation, and regulatory risks. Certain strategies may use leverage, derivatives, or concentrated exposures, which can increase volatility and risk of loss; No strategy, diversification approach, or risk management technique can eliminate risk, or guarantee returns in all market environments; Investors should review relevant governing documents and consult their own advisers before making investment decisions.
Environmental, social, governance (“ESG”) or impact related goals, commitments, or initiatives referenced on this website are voluntary, may not apply uniformly across strategies, and may be modified or discontinued at Fiera Capital’s discretion. ESG-related processes do not guarantee any specific investment outcome.