This fund is designed for investors who…
- Seek steady income and diversification of their assets.
- Are concerned with security and capital growth and whose risk tolerance is low.
- Achieve steady income and ensure invested capital preservation.
- Invest primarily in debt instruments of Canadian and foreign issuers.
- May also invest in equity securities of Canadian and foreign issuers paying dividends or income.
Fund Facts are published once a year. Read them now.
Category: Canadian Bond
Start Date: March 31, 1978
RRSP Admissibility: yes, 100% eligible
- 50% DEX short term
- 50% DEX mid-term
Number of Securities: 98
Bond Duration: 4.28 yrs
Target Asset Mix
- Bonds: 100%
- Short Term: 0%
*As at May 24, 2019
Main Securities as at September 30, 2019
|Canadian Imperial Bank of Commerce 1.64% Jul. 12, 2021||4,40%|
|Province of Ontario 3.50% Jun. 02, 2043||3,90%|
|Government of Canada 4.00% Jun. 01, 2041||3,50%|
|Province of Ontario 2.40% Jun. 02, 2026||3,20%|
|HSBC Bank Canada 2.45% Jan. 29, 2021||3,20%|
|Province of Ontario 2.60% Jun. 02, 2025||3,00%|
|Canada Housing Trust No. 1 1.75% Jun. 15, 2022||3,00%|
|Dollarama Inc. 3.55% Nov. 06, 2023||2,40%|
|Province of Quebec 3.50% Dec. 01, 2045||2,30%|
|Government of Canada 2.75% Dec. 01, 2048||2,20%|
|The Empire Life Insurance Company 3.38% Dec. 16, 2026||2,20%|
|Province of Ontario 2.60% Jun. 02, 2027||2,10%|
|HSBC Bank Canada 2.25% Sep. 15, 2022||1,80%|
|Canada Housing Trust No. 1 2.35% Jun. 15, 2023||1,80%|
|Province of Quebec 6.25% Jun. 01, 2032||1,70%|
|Bell Canada 4.95% May. 19, 2021||1,70%|
|Province of Ontario 5.85% Mar. 08, 2033||1,60%|
|Government of Canada 5.75% Jun. 01, 2029||1,60%|
|Cash and Cash Equivalent||1,50%|
|Province of Ontario 4.60% Jun. 02, 2039||1,50%|
|Province of Quebec 5.00% Dec. 01, 2041||1,50%|
|Crombie Real Estate Investment Trust 3.96% Jun. 01, 2021||1,50%|
|Province of Quebec 3.50% Dec. 01, 2022||1,40%|
|Province of Ontario 5.60% Jun. 02, 2035||1,40%|
|Royal Bank of Canada 1.97% Mar. 02, 2022||1,30%|
Net asset value as at Mary 24, 2019
|329 M $|
* Returns for the first and last year are not annualized
* Non annualized return
$1,000 Invested Amount since inception
Note that the results shown are for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investments ins FDP Portfolio’s. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns, including changes in portfolio value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by an investor that would have reduced returns. References to indices are for information purposes only. Comparisons with indices may vary according to the portfolio size, investment timing, and mandate objective. The funds’ securities are not insured by the Canada Deposit Insurance Corporation. Mutual funds are not guaranteed, their value changes frequently, and past performance may not be repeated.
The Managers’ Comments are taken from the Interim Management Report of Fund Performance (Operating Results), June 2019.
The FDP Canadian Bond Portfolio, Series A posted a net return of 6.3% for the first six-month period of 2019, versus 0.6% for 2018. The FDP Canadian Bond Portfolio, Series I posted a net return of 6.8% for the first half of the year.
- The bond market, as measured by the FTSE Canada Universe Bond Index, posted a 6.5% return over the first half of 2019.
- The 10-year government of Canada bond yield declined by 50 basis points in 2019, causing the spread between long- and short-term yields to narrow considerably.
Due in part to a slowdown in global economic growth, the flattening of the yield curve led central banks, including the U.S. Federal Reserve and the European Central Bank in particular, to implement a new approach and adopt a more accommodative monetary policy.
Credit spreads tightened in the provincial bond and corporate bond sectors in 2019.