***The Fiera Capital Small/Mid Cap Growth Fund was formerly known as the Apex Small/Mid-Cap Growth Fund, a series of The Ultimus Managers Trust, and was reorganized into a series of the Fiera Capital Series Trust as of 2/12/18. The Fund continues to be manages with the same investment approach and strategy
*Top-down investing involves analyzing macroeconomic trends. Bottom-up investing involves analyzing individual stocks’ fundamentals. Secular investing focuses on the identification of transformational technological, social, economic, political developments.
***Alpha is the excess return of the fund relative to the return of the benchmark index.
There is no guarantee that the product will achieve any of these benefits.
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To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information may be found in the Fund’s prospectus, which may be obtained by calling 855-771-7119, or by clicking the linked files above. Please read the prospectus carefully before investing.
The Fiera Capital Small/Mid-Cap Growth Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with the adviser or any of its affiliates. Fiera Capital Inc. is the advisor to the Fiera Capital Small/Mid-Cap Growth Fund.
The Fund invests primarily in small capitalization equity securities which, like all equity securities, carry the potential for unpredictable drops in value and periods of lackluster performance. Small capitalization companies may involve greater risks than large capitalization companies because these companies may lack the management experience, financial resources, product diversification and competitive strengths of larger companies. Small capitalization companies may be subject to greater price fluctuations and be less liquid compared to larger capitalization companies.
The Fund’s investments in foreign securities involve risks that may be different from those of U.S. securities. Foreign securities may not be subject to uniform audit and financial reporting and disclosure standards. In addition, the Fund’s foreign investments may be subject to adverse changes in investment or exchange control regulations, expropriation or confiscatory taxation, political or social instability, and nationalization of companies or industries. For additional information on these and other risks, please read the current prospectus.