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Trending ETFs

Name

As of 10/29/2020

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.12

$50 M

-

3.38%

Vitals

YTD Return

-4.1%

1 yr return

-4.4%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

-1.1%

Net Assets

$50 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$9.1
$9.09
$9.70

Expenses

OPERATING FEES

Expense Ratio 3.38%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 259.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/29/2020

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.12

$50 M

-

3.38%

FCARX - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Fiera Capital Diversified Alternatives Fund
  • Fund Family Name
    Fiera Capital
  • Inception Date
    Jul 25, 2014
  • Shares Outstanding
    1416
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Jurish

Fund Description


FCARX - Performance

Return Ranking - Trailing

Period FCARX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -29.4% 291.6% 61.86%
1 Yr -4.4% -30.0% 23.6% 77.32%
3 Yr -1.0%* -17.7% 9.7% 76.89%
5 Yr -1.1%* -10.3% 10.2% 91.70%
10 Yr N/A* -0.5% 5.3% N/A

* Annualized

Return Ranking - Calendar

Period FCARX Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -10.2% 27.3% 19.33%
2022 -8.3% -20.8% 10.9% 73.98%
2021 -0.6% -12.4% 29.4% 86.11%
2020 0.0% -10.5% 15.8% 53.66%
2019 -8.5% -22.0% 6.0% 85.09%

Total Return Ranking - Trailing

Period FCARX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -29.4% 291.6% 61.86%
1 Yr -4.4% -30.0% 23.6% 70.10%
3 Yr -1.0%* -17.7% 9.7% 73.11%
5 Yr -1.1%* -10.3% 10.2% 89.96%
10 Yr N/A* -0.5% 5.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FCARX Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -10.2% 27.3% 19.33%
2022 -8.3% -20.8% 10.9% 78.46%
2021 -0.6% -8.4% 29.4% 93.06%
2020 0.0% -5.9% 18.0% 65.85%
2019 -3.1% -22.0% 9.2% 67.08%

NAV & Total Return History


FCARX - Holdings

Concentration Analysis

FCARX Category Low Category High FCARX % Rank
Net Assets 50 M 937 K 5.61 B 67.82%
Number of Holdings 255 4 3106 49.83%
Net Assets in Top 10 47.7 M -80.3 M 2.32 B 55.71%
Weighting of Top 10 N/A 8.3% 99.9% 25.00%

Top 10 Holdings

  1. 10 Year Treasury Note Future Dec 20 28.60%
  2. 10 Year Treasury Note Future Dec 20 28.60%
  3. 10 Year Treasury Note Future Dec 20 28.60%
  4. 10 Year Treasury Note Future Dec 20 28.60%
  5. 10 Year Treasury Note Future Dec 20 28.60%
  6. 10 Year Treasury Note Future Dec 20 28.60%
  7. 10 Year Treasury Note Future Dec 20 28.60%
  8. 10 Year Treasury Note Future Dec 20 28.60%
  9. 10 Year Treasury Note Future Dec 20 28.60%
  10. 10 Year Treasury Note Future Dec 20 28.60%

Asset Allocation

Weighting Return Low Return High FCARX % Rank
Bonds
57.37% -448.46% 17034.14% 21.11%
Cash
31.99% -16955.40% 527.15% 43.25%
Stocks
10.65% -12.15% 208.15% 73.01%
Preferred Stocks
0.00% -0.12% 52.62% 48.44%
Other
0.00% -13.24% 110.12% 75.43%
Convertible Bonds
0.00% 0.00% 80.56% 60.90%

Stock Sector Breakdown

Weighting Return Low Return High FCARX % Rank
Technology
16.51% 0.00% 100.00% 60.30%
Financial Services
16.08% 0.00% 60.67% 34.08%
Consumer Cyclical
12.30% 0.00% 23.96% 30.71%
Communication Services
10.79% 0.00% 28.42% 23.60%
Consumer Defense
9.82% 0.00% 36.59% 15.36%
Industrials
9.04% 0.00% 22.91% 43.82%
Healthcare
7.97% 0.00% 60.35% 86.14%
Basic Materials
6.96% 0.00% 21.30% 14.98%
Real Estate
4.38% 0.00% 78.90% 30.34%
Energy
3.75% 0.00% 100.00% 27.72%
Utilities
2.41% 0.00% 17.25% 70.04%

Stock Geographic Breakdown

Weighting Return Low Return High FCARX % Rank
Non US
7.40% -15.16% 45.04% 45.67%
US
3.25% -12.93% 208.15% 74.05%

Bond Sector Breakdown

Weighting Return Low Return High FCARX % Rank
Government
67.32% 0.00% 85.75% 3.46%
Cash & Equivalents
19.71% 1.64% 100.00% 78.89%
Derivative
12.97% 0.00% 89.73% 31.14%
Securitized
0.00% 0.00% 87.39% 59.17%
Corporate
0.00% 0.00% 76.96% 73.70%
Municipal
0.00% 0.00% 25.47% 27.34%

Bond Geographic Breakdown

Weighting Return Low Return High FCARX % Rank
US
43.00% -68.77% 17003.70% 23.18%
Non US
14.37% -482.38% 83.05% 13.49%

FCARX - Expenses

Operational Fees

FCARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.38% 0.29% 31.15% 12.24%
Management Fee 1.75% 0.00% 2.50% 87.38%
12b-1 Fee 0.25% 0.00% 1.00% 23.42%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FCARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FCARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 259.00% 0.00% 496.00% 81.85%

FCARX - Distributions

Dividend Yield Analysis

FCARX Category Low Category High FCARX % Rank
Dividend Yield 0.00% 0.00% 4.01% 12.62%

Dividend Distribution Analysis

FCARX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

FCARX Category Low Category High FCARX % Rank
Net Income Ratio -0.77% -1.38% 6.83% 97.90%

Capital Gain Distribution Analysis

FCARX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Annually

Distributions History

View More +

FCARX - Fund Manager Analysis

Managers

Mark Jurish


Start Date

Tenure

Tenure Rank

Jul 25, 2014

6.19

6.2%

Mark A. Jurish, Executive Vice President, Head of Hedge Fund Investing and Seeding Strategies, joined Fiera Capital Inc when the Adviser acquired a majority of the assets of Larch Lane in 2016. Mr. Jurish was the CEO/CIO and a Partner of Larch Lane, which he founded in December 1999, and served as the Chief Executive Officer and a member of Larch Lane’s investment committee. Prior to forming Larch Lane in 1999, Mr. Jurish was Managing Director at Paloma Partners (“Paloma”), a firm that he joined in 1988. At Paloma, Mr. Jurish was primarily responsible for evaluating, selecting and monitoring suitable investments for various Paloma trading entities, as well as creating and structuring new products. His duties included the creation and management of the fund that formed the basis for Larch Lane’s flagship fund – Larch Lane Absolute Return. From 1986 to 1988, Mr. Jurish was employed at Skadden, Arps, Slate, Meagher and Flom as a specialist in financial investment modeling and management consulting. Mr. Jurish began his financial career in 1984 at Arthur Young & Company (a predecessor of Ernst & Young), an international accounting and consulting firm. Mr. Jurish received his BA from State University of New York at Albany and his MBA in Finance from the New York University Leonard Stern School of Business.

Kazuhiro Shimbo


Start Date

Tenure

Tenure Rank

Jul 25, 2014

6.19

6.2%

Kazuhiro Shimbo, Chief Investment Officer, manages MAI’s quantitative investment team, which includes professionals in research, portfolio and risk management, and trading. Dr. Shimbo joined MAI at its inception in 2007 as the Head of Risk Management. Prior to joining MAI, Dr. Shimbo was employed at the Industrial Bank of Japan (“IBJ”) for over seven years. For the last three years of his tenure at IBJ, Dr. Shimbo served as the Quantitative Researcher and then the Portfolio Manager at its derivatives market making desk. Dr. Shimbo earned his Ph.D. in Applied Probability from Cornell University. He also holds a M.S. from the University of London and a B.S. from Kyoto University in Japan.

Iraj Kani


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.0

1.0%

Dr. Iraj Kani, Senior Vice President of Quantitative Strategies, joined Fiera Capital Inc. when the firm acquired Samson Capital in 2015. Dr. Kani was a Principal and Quantitative Strategist of Samson Capital. Prior to joining Samson Capital, he was the Vice President of the Quantitative Strategies Group at Goldman Sachs from 1991 to 1998, where he was the senior modeler for the equity derivatives division. Before joining Goldman Sachs, he was a member of quantitative modeling in the Fixed Income Derivatives Trading group at Bankers Trust. Prior to Bankers Trust, Dr. Kani was a research fellow at Harvard University. Dr. Kani currently serves as an Adjunct Associate Professor of Financial Engineering in the Department of Industrial Engineering and Operations Research at Columbia University, and as a fellow of Financial Mathematics at the Courant Institute of New York University. Dr. Kani received his BS in both Mathematics and Physics and his MS in Mathematics from the University of Minnesota, his MS in Particle Physics from the University of Michigan and his PhD in Theoretical Particle Physics from the University of Oxford.

Jonathan Lewis


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.0

1.0%

Jonathan Lewis, Chief Investment Officer, joined of Fiera Capital Inc. when the firm acquired Samson Capital Advisors LLC (“Samson Capital”) in 2015. Jonathan was the Managing Principal and Chief Investment Officer of Samson Capital, which he co-founded in 2004. Prior to co-founding Samson Capital, he was the Chief Fixed Income Strategist and Portfolio Manager at OFFIT Investment Group (formerly OFFITBANK) from 1999 to 2004, a Portfolio Manager, Vice President and Head of Fixed Income at Skandia Asset Management from 1988 to 1999, and a money market trader at Dean Witter Reynolds from 1986 to 1988. Jonathan is a Phi Beta Kappa graduate of the University of North Carolina at Chapel Hill. He received his MA from New York University Graduate School of Arts and Sciences and his MBA from the Columbia University Graduate School of Business.

Diego Orlanski


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.0

1.0%

Dr. Diego Orlanski, Chief Risk Officer of Larch Lane Partner LLC. Prior to co-founding Larch Lane in 2019, Dr. Orlanski was a Principal and Director of Risk Management at Seagul Capital L.P., a firm that managed long-short equity strategies and tail-risk hedging programs, from 2007 to 2019, and a Managing Director and Director of Risk Management of Larch Lane Advisors from 2002 to 2007. While at Larch Lane Advisors, Dr. Orlanski was actively involved in the management of the firm’s fund-of-hedge funds strategies, focusing on strategy allocations; manager due diligence, selection and monitoring; and portfolio level risk management and optimization. He also helped determine, negotiate and monitor risk programs for start-up hedge funds. From 1993 to 2002, Dr. Orlanski was a co-founder of an emerging market, multi-strategy hedge fund, concentrating on risk management and portfolio optimization. Prior to that, he was a derivative trader and structurer at Bankers Trust Company. Dr. Orlanski has a BA from Princeton University, a PhD from Columbia Business School and is currently pursuing an MSL from Fordham University School of Law.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.96 4.36 3.34