J. Zechner Associates
|Managed Fund Since||Joined Firm||Began Investment Career|
Founded in 1993, J. Zechner Associates is an independent, partner-owned organization focused on serving the investment management needs of institutional clients, mutual funds, as well as high-net worth individuals and families. They emphasize an active, disciplined and team-based approach to money management in their three main areas of specialty: Canadian Equity, Canadian Fixed Income, and Balanced.
J Zechner Associates Inc. is portfolio sub-advisor in respect of the Fiera Canadian Bond Fund. The Fiera Canadian Bond Class invests substantially all its portfolio assets in units of Fiera Canadian Bond Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions for Dividend and the Return of Capital should not be confused with a mutual fund's performance, rate of return or yield. If distributions paid by a mutual fund are greater than the performance of the fund, then the investment will decline. Distributions paid as a result of capital gains realized by a mutual fund and income and dividends earned by a fund are taxable in the investor's hands in the year they are paid. For Return of Capital, the adjusted cost base will be reduced by the amount of any returns of capital. If the adjusted cost base goes below zero, then investors will have to pay capital gains tax on the amount below zero.
Fiera Investments LP (the "Manager") currently reduces or absorbs all or any portion of the management fee and/or operating expenses of the Fund and can terminate the reduction or absorption at any time. The Manager expects to continue to absorb these fees or expenses until such time as the Fund is of sufficient size to reasonably absorb all fees and expenses. If it had not done so, the MER would have been higher.
On June 5, 2018: shares of the Return of Capital class and the Dividend class that were applicable only to Fiera Canadian Bond Class are no longer offered for sale. On the same date, the Return of Capital class of Fiera Canadian Bond Class was renamed Return of Capital 6 class, the Dividend class of Fiera Canadian Bond Class was renamed Dividend 6 class, what was the Return of Capital 40 class of Fiera Canadian Bond Class was renamed Return of Capital class and what was the Dividend 40 class of Fiera Canadian Bond Class was renamed Dividend class.