Strategy Overview

Strategy Description

The Integrated Fixed Income Short-Mid Bond Ethical strategy combines top-down macroeconomic analysis and bottom-up credit research, with an emphasis on security selection, with the goal of generating consistent outperformance across all market environments.

This strategy prioritizes capital preservation, liquidity, and diversification while benefitting from the Integrated Fixed Income team’s extensive credit research experience. The strategy applies an exclusionary ethical filter for companies with material revenues derived from specified prohibited products and services and seeks to improve the risk/return profile relative to the overall Canadian universe by structuring a lower duration portfolio with comparable yield through a focus on corporate and provincial securities.

Key Differentiators

  • Experienced fixed income team working together for over 20 years with specialized credit sector responsibilities
  • Proven ability to consistently outperform across market cycles
  • Flexible multi-discipline approach with an emphasis on credit research and issuer selection
  • Core fixed income strategy focused on capital preservation, liquidity, and targeting superior risk-adjusted returns
  • Portfolio structured to have lower interest rate risk than universe portfolios without sacrificing yield
  • Applies an exclusionary ethical filter to companies deriving material from prohibited products and services

Highlights

Inception Date
July 1, 2015
Assets Under Management ($M)
$1,152 (As of March 31, 2026)
Price
$9.8021 (As of June 9, 2026)
Last Distribution Paid ($)
$0.0311 (May 29, 2026)
Style
Active, multi-strategy, emphasis on credit
Process
Integration of bottom-up and top-down analysis
Expected sources of added value
80% Credit and sector, 10% Duration, 10% Yield Curve
Turnover
Low
Duration
Typically benchmark ± 0.5 year

Performance

Performance Per Period (%)

as at March 31, 2026
Q1 2026 YTD - 2026 1 Y 3 Y 5 Y 10 Y SI
IFI Short/Mid Term Composite 0.34 0.34 3.01 5.34 2.47 2.89 2.87
Customized benchmark 0.29 0.29 2.69 4.81 2.08 2.49 2.50
Value Added 0.05 0.05 0.32 0.53 0.39 0.40 0.37
Q1 2026
IFI Short/Mid Term Composite 0.34
Customized benchmark 0.29
Value Added 0.05
YTD - 2026
IFI Short/Mid Term Composite 0.34
Customized benchmark 0.29
Value Added 0.05
1 Y
IFI Short/Mid Term Composite 3.01
Customized benchmark 2.69
Value Added 0.32
3 Y
IFI Short/Mid Term Composite 5.34
Customized benchmark 4.81
Value Added 0.53
5 Y
IFI Short/Mid Term Composite 2.47
Customized benchmark 2.08
Value Added 0.39
10 Y
IFI Short/Mid Term Composite 2.89
Customized benchmark 2.49
Value Added 0.40
SI
IFI Short/Mid Term Composite 2.87
Customized benchmark 2.50
Value Added 0.37

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

Composite performance, gross of management fees.

Performance returns are annualized for periods of 1 year and up.

Customized benchmark is composed of 22.5% FTSE Canada Corporate Short Term, 20% FTSE Canada Provincial Short Term, 7.5% FTSE Canada Municipal Short Term, 22.5% FTSE Canada Corporate Mid Term ex BBB, 20% FTSE Canada Provincial Mid Term and  7.5% FTSE Canada Municipal Mid Term

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.