Cash in Action Strategy

Strategy Overview

Investment Strategy

The Fiera Cash in Action strategy is an actively managed cash management solution whose primary objectives are to provide robust liquidity and preserve capital, with a secondary focus on generating the highest possible income within a risk-controlled environment. The strategy employs a combination of top-down macroeconomic and bottom-up credit analysis to benefit from both spread variations and interest rate fluctuations to generate consistent outperformance across all market environments.

Why Invest in this Strategy

Experienced fixed income team working together for over 20 years with specialized credit sector responsibilities.
Highly liquid, highly secure fund benefitting from the same rigorous credit research and approval process that underpins all Integrated Fixed Income strategies.
Cash management solution with 30+ year track record developed in conjunction with Canadian universities, emphasizing liquidity and capital preservation.

Highlights

			Inception Date
			April 1, 2013
		

			Price
			$10.0000 (As of November 12, 2025)
		

			Last Distribution Paid ($)
			$0.0007 (November 12, 2025)
		

			Process
			Top-down and bottom-up analysis
		

			Performance objective
			FTSE Canada 30‑day T-bills +0.15%
		

			Minimum credit rating
			R1 Mid
		

			Maximum maturity
			60 days for each holding
		

Performance (%)

Annual Performance

	Q3 2025	YTD - 2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash in Action Strategy	0.68	2.19	4.60	5.02	1.96	0.14	0.72	1.82	1.51	0.85	0.67	0.75
FTSE Canada 30 Day T-Bill Index	0.67	2.11	4.71	4.77	1.69	0.09	0.61	1.68	1.30	0.63	0.47	0.56
Value Added	0.01	0.08	-0.11	0.25	0.27	0.05	0.11	0.14	0.21	0.22	0.20	0.19

Q3 2025
	%
Cash in Action Strategy	0.68
FTSE Canada 30 Day T-Bill Index	0.67
Value Added	0.01

YTD - 2025
	%
Cash in Action Strategy	2.19
FTSE Canada 30 Day T-Bill Index	2.11
Value Added	0.08

2024
	%
Cash in Action Strategy	4.60
FTSE Canada 30 Day T-Bill Index	4.71
Value Added	-0.11

2023
	%
Cash in Action Strategy	5.02
FTSE Canada 30 Day T-Bill Index	4.77
Value Added	0.25

2022
	%
Cash in Action Strategy	1.96
FTSE Canada 30 Day T-Bill Index	1.69
Value Added	0.27

2021
	%
Cash in Action Strategy	0.14
FTSE Canada 30 Day T-Bill Index	0.09
Value Added	0.05

2020
	%
Cash in Action Strategy	0.72
FTSE Canada 30 Day T-Bill Index	0.61
Value Added	0.11

2019
	%
Cash in Action Strategy	1.82
FTSE Canada 30 Day T-Bill Index	1.68
Value Added	0.14

2018
	%
Cash in Action Strategy	1.51
FTSE Canada 30 Day T-Bill Index	1.30
Value Added	0.21

2017
	%
Cash in Action Strategy	0.85
FTSE Canada 30 Day T-Bill Index	0.63
Value Added	0.22

2016
	%
Cash in Action Strategy	0.67
FTSE Canada 30 Day T-Bill Index	0.47
Value Added	0.20

2015
	%
Cash in Action Strategy	0.75
FTSE Canada 30 Day T-Bill Index	0.56
Value Added	0.19

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
Cash in Action Strategy	3.21	4.08	4.27	3.45	2.78	2.50	2.40	2.27	2.10	1.95	3.54
FTSE Canada 30 Day T-Bill Index	3.14	4.05	4.17	3.32	2.67	2.39	2.28	2.14	1.96	1.81	-
Value Added	0.07	0.03	0.10	0.13	0.11	0.11	0.12	0.13	0.14	0.14	-

1 Y
	%
Cash in Action Strategy	3.21
FTSE Canada 30 Day T-Bill Index	3.14
Value Added	0.07

2 Y
	%
Cash in Action Strategy	4.08
FTSE Canada 30 Day T-Bill Index	4.05
Value Added	0.03

3 Y
	%
Cash in Action Strategy	4.27
FTSE Canada 30 Day T-Bill Index	4.17
Value Added	0.10

4 Y
	%
Cash in Action Strategy	3.45
FTSE Canada 30 Day T-Bill Index	3.32
Value Added	0.13

5 Y
	%
Cash in Action Strategy	2.78
FTSE Canada 30 Day T-Bill Index	2.67
Value Added	0.11

6 Y
	%
Cash in Action Strategy	2.50
FTSE Canada 30 Day T-Bill Index	2.39
Value Added	0.11

7 Y
	%
Cash in Action Strategy	2.40
FTSE Canada 30 Day T-Bill Index	2.28
Value Added	0.12

8 Y
	%
Cash in Action Strategy	2.27
FTSE Canada 30 Day T-Bill Index	2.14
Value Added	0.13

9 Y
	%
Cash in Action Strategy	2.10
FTSE Canada 30 Day T-Bill Index	1.96
Value Added	0.14

10 Y
	%
Cash in Action Strategy	1.95
FTSE Canada 30 Day T-Bill Index	1.81
Value Added	0.14

SI
	%
Cash in Action Strategy	3.54
FTSE Canada 30 Day T-Bill Index	-
Value Added	-

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

Pooled fund performance, gross of management fees.

Investment Team

Jeff Seaver BA, CFA

Portfolio Manager, Fixed Income

Toronto

View profile

He is supported by the credit analysis skills of the Integrated Fixed Income Team as well as by a trader dedicated to treasury management.

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.