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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:

Average

Category: Dividend
Start Date: February 1, 2008
RRSP Admissibility: Yes, 100% eligible

Benchmark: S&P/TSX Toronto Stock Exchange Index


Assets *: $242,701,891
Number of Securities: 160

Target Asset Mix:

  • Canadian Equity: 100%
  • Foreign Equity: 0%
  • Short Term: 0%

*As at May 22, 2020

Portfolio Management

Managers

  • External Managers : Desjardins Global Asset Management Inc.(DGAM), Manulife Investment Management Limited and Beutel, Goodman & Company Ltd, Professionals’ Financial – Private Management Inc.

The Funds’ Investment Policies are developed by the Fund Manager’s Investment Committee, which meets regularly to make any necessary changes. The Committee includes both internal and external investment experts, as well as representatives of professional association shareholders.

Main Securities as at March 31, 2020

Cash and Cash Equivalent 12.3%
The Toronto-Dominion Bank 4.4%
Royal Bank of Canada 4,0%
The Bank of Nova Scotia
Metro Inc. 2.7%
Power Corporation of Canada 2.5%
Rogers Communications Inc. Cl. B 2.3%
Hydro One Limited 2.2%
Nutrien Ltd. 2.1%
TELUS Corporation 2.0%
Sun Life Financial Inc. 1.9%
Enbridge Inc. 1.8%
Thomson Reuters Corporation 1.7%
Brookfield Asset Management Inc. Cl. A 1.7%
Canadian Pacific Railway Limited 1.6%
Thermo Fisher Scientific Inc. 1.6%
Roper Technologies, Inc. 1.6%
Intact Financial Corporation 1.6%
Bank of Montreal 1.6%
Constellation Software Inc. 1.5%
Canadian Tire Corporation, Limited Cl. A 1.4%
Waste Connections, Inc. 1.4%
NextEra Energy, Inc. 4.87% Preferred 1.3%
GFL Environmental Inc. 6.00% Preferred 1.3%
BCE Inc. 1.3%
Net asset value as at March 31, 2020
224 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 Managers’ Comments are taken from the Management Report of Portfolio Performance (Operating Results), as at June 30, 2020.

The FDP Canadian Dividend Equity Portfolio, Series A posted a net return of -12.6% for the first six-month period of 2020, versus 19.1% for 2019. The FDP Canadian Dividend Equity Portfolio, Series I posted a net return of -12.1% for the first six-month period of 2020.

  • In the context of a global economy weakened by a pandemic, governments and central banks introduced unprecedented fiscal and monetary measures, which relieved markets and economies.
  • Markets rebounded during the second quarter, offsetting in part the lows reached in March 2020.

The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a -7.5% return over the first half of 2020. Three of the index’s eleven component sectors posted positive returns. Gold prices rising by 17.4% allowed the Materials sector to post a 15.4% return. The Information Technology sector rose by 62.0%, helped by the performance of Shopify. Conversely, falling oil prices, which went from USD61.06 in late December 2019 to USD39.27 as at June 30, 2020, representing a 35.7% decrease, negatively impacted the Energy sector, which posted a -30.4% return. Health Care (-31.0%), Real Estate (-20.0%), Financials (-16.2%) and Communication Services (-11.2%) all contributed negatively to the index’s performance.

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