Fund Overview
This fund is designed for investors who …
- Seek steady income through investments in Canadian issuers paying superior dividends.
- Have a medium risk tolerance.
Investment Objectives
- Provide income and achieve medium- and long-term capital growth through investment diversification.
- Invest primarily in equity securities, including income trust units, of Canadian issuers that pay income or dividends.
- Invest in securities of foreign issuers that pay income or dividends and in debt instruments of Canadian and foreign issuers.
Fund Facts are published once a year. Read them now.
Summary
Volatility:
Category: Dividend
Start Date: February 1, 2008
RRSP Admissibility: Yes, 100% eligible
Benchmark: S&P/TSX Composite Dividend
Assets *: $115,749,741
Number of Securities: 76
Target Asset Mix:
- Canadian Equity: 100%
- Foreign Equity: 0%
- Short Term: 0%
*As at April 30, 2024
Portfolio Management
Managers
- External Managers : Desjardins Global Asset Management Inc.(DGAM), Professionals’ Financial – Mutual Funds Inc.
Main Securities as at September 30, 2025
| Royal Bank of Canada | 7.8% |
| Toronto-Dominion Bank | 6.0% |
| Bank of Montreal | 4.9% |
| Enbridge Inc. | 4.4% |
| Agnico Eagle Mines Ltd. | 3.9% |
| Canadian Imperial Bank of Commerce | 3.1% |
| Canadian Natural Resources Ltd. | 3.0% |
| Bank of Nova Scotia | 2.9% |
| Brookfield Corporation | 2.9% |
| Canadian Pacific Kansas City Limited | 2.8% |
| Suncor Energy Inc. | 2.8% |
| TC Energy Corporation | 2.6% |
| Manulife Financial Corporation | 2.2% |
| Canadian Dollars | 2.0% |
| Waste Connections, Inc. | 1.8% |
| Constellation Software Inc. | 1.7% |
| iShares Core S&P/TSX Capped Composite Index ETF | 1.6% |
| Government of Canada 0.0% 22-OCT-2025 | 1.6% |
| Canadian National Railway Co. | 1.6% |
| Intact Financial Corporation | 1.5% |
| Cenovus Energy Inc. | 1.3% |
| Brookfield Asset Management Ltd. Class A | 1.2% |
| Kinross Gold Corporation | 1.2% |
| Microsoft Corporation | 1.1% |
| Fortis Inc. | 1.1% |
| Net asset value as at September 30, 2025 | 120 M $ |
Returns
Returns *
* 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.
Managers' Comments
The FDP Canadian Dividend Equity Portfolio, Series A posted a net return of 6.9% for the first six months of 2025, versus 13.9% for 2024. The FDP Canadian Dividend Equity Portfolio, Series I posted a net return of 7.5% for the first six months of 2025.
The Bank of Canada (BoC) continued the monetary easing cycle initiated in late 2024 with two further rate cuts in January and March 2025, bringing the key interest rate to 2.75% in June. Markets welcomed these cuts given that inflation remained firmly within the central bank’s target range.
The Canadian stock market, as measured by the S&P/TSX Composite Dividend Index, posted a 10.4% return over the first six months of 2025, outperforming the S&P/TSX Composite Index (10.2% return over the same period).
The Portfolio underperformed its benchmark index, mainly due to its underweight to the Materials sector and stock selection in the Health Care sector. However, stock selection in Information Technology and Communication Services partially offset these losses.
