- ISIN
- US31660Q7025
- CUSIP
- 31660Q702
- Issuer
- Fiera Capital
- Inception Date
- Jun 29, 2012
- Category
- Mid Cap Growth Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
APSGX Performance Chart
Fiera Capital Small/Mid-Cap Growth Fund (APSGX) is up 3.8% since the beginning of the year. APSGX is currently trading at $18 per share. Investors who bought $1,000 worth of APSGX shares 5 years ago would now be looking at an investment worth $1,196.
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Returns By Period
Fiera Capital Small/Mid-Cap Growth Fund (APSGX) has returned 3.80% so far this year and 16.52% over the past 12 months. Over the last ten years, APSGX has returned 11.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fiera Capital Small/Mid-Cap Growth Fund
- 1D
- 1.73%
- 1M
- 3.69%
- YTD
- 3.80%
- 6M
- 1.16%
- 1Y
- 16.52%
- 3Y*
- 8.23%
- 5Y*
- 3.65%
- 10Y*
- 11.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
APSGX Monthly Returns History
Based on dividend-adjusted daily data since Jun 29, 2012, APSGX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +18.2%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, APSGX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.23% | -2.28% | -4.02% | 6.92% | 1.42% | 2.29% | 3.80% | ||||||
| 2025 | 4.99% | -6.03% | -9.63% | 0.53% | 5.10% | 2.43% | 1.88% | 4.53% | -0.51% | 1.78% | 1.92% | -0.29% | 5.74% |
| 2024 | -0.90% | 6.46% | 1.64% | -5.80% | -0.59% | 0.36% | 1.84% | -0.35% | 0.35% | -0.47% | 10.95% | -7.63% | 4.69% |
| 2023 | 8.52% | -1.42% | -1.92% | 1.12% | -0.14% | 9.99% | 1.77% | -1.92% | -5.75% | -5.36% | 9.84% | 10.67% | 26.12% |
| 2022 | -9.42% | 1.38% | 1.78% | -10.75% | -4.09% | -8.23% | 12.17% | -0.53% | -9.33% | 8.21% | 2.57% | -7.48% | -23.71% |
| 2021 | 0.50% | 5.91% | -0.14% | 3.93% | -0.82% | 2.11% | -1.84% | 2.11% | -2.11% | 6.87% | -2.74% | 2.63% | 17.09% |
Benchmark Metrics
Fiera Capital Small/Mid-Cap Growth Fund has an annualized alpha of -2.30%, beta of 1.11, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since June 29, 2012.
- This fund participated in 109.19% of S&P 500 Index downside but only 100.19% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.30% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.11 and R2 of 0.80, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.30%
- Beta
- 1.11
- R²
- 0.80
- Upside Capture
- 100.19%
- Downside Capture
- 109.19%
Expense Ratio
APSGX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APSGX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APSGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.78 | -1.53 |
| Martin ratioReturn relative to average drawdown | 4.03 | 12.44 | -8.41 |
Dividends
Dividend History
Fiera Capital Small/Mid-Cap Growth Fund provided a 2.34% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.50 | $0.42 | $2.29 | $2.41 | $4.20 | $1.91 | $4.00 | $0.00 | $0.04 | $0.16 |
Dividend yield | 2.34% | 2.43% | 2.91% | 2.48% | 16.83% | 11.57% | 21.15% | 11.48% | 28.25% | 0.00% | 0.28% | 1.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Fiera Capital Small/Mid-Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.29 | $2.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 | $2.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fiera Capital Small/Mid-Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fiera Capital Small/Mid-Cap Growth Fund was 35.77%, occurring on Mar 18, 2020. Recovery took 55 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.77%Mar 2020 | 27d | 2mo 19d | 3mo 16dFeb 2020 - Jun 2020 |
Bear market2022 | -33.52%Jun 2022 | 7mo 13d | 2y 4mo | 3y 3dNov 2021 - Nov 2024 |
2016 bear market2016 | -29.26%Feb 2016 | 7mo 22d | 1y 2mo | 1y 10moJun 2015 - Apr 2017 |
2025 selloff2025 | -28.15%Apr 2025 | 4mo 4d | 8mo 7d | 1y 6dDec 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -27.64%Dec 2018 | 3mo 26d | 7mo 2d | 10mo 28dAug 2018 - Jul 2019 |
Drawdown Indicators
| APSGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -56.78% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -9.10% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -28.15% | -18.90% | -9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -33.52% | -25.43% | -8.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | -33.92% | -1.85% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -10.71% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 2.03% | +2.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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