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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 *: $263,720,728
Number of Securities: 192

Target Asset Mix:

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

*As at May 21, 2021

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, 2021

Royal Bank of Canada 7.4%
The Toronto-Dominion Bank 7.1%
Canadian National Railway Company 3.4%
The Bank of Nova Scotia 3.3%
Enbridge Inc. 3.2%
TC Energy Corporation 3.1%
Brookfield Asset Management Inc., Cl. A 3.1%
Bank of Montreal 2.8%
Canadian Pacific Railway Limited 2.8%
Sun Life Financial Inc. 2.6%
Manulife Financial Corporation 2.4%
iShares S&P/TSX Capped Financials Index ETF 2.3%
Canadian Natural Resources, Ltd. 2.1%
Constellation Software Inc. 1.9%
Nutrien Ltd. 1.8%
Waste Connections, Inc. 1.8%
Suncor Energy Inc. 1.7%
TELUS Corporation 1.6%
Rogers Communications Inc., Cl. B 1.5%
Cash and Cash Equivalent 1.4%
Thomson Reuters Corporation 1.4%
Restaurant Brands International Inc 1.2%
Alimentation Couche-Tard Inc., Cl. B 1.2%
Metro Inc. 1.4%
Magna International Inc. 1.1%
Net asset value as at March 31, 2021 261 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 Annual Management Report of Portfolio Performance (Operating Results), as at December 31, 2020.

The FDP Canadian Dividend Equity Portfolio, Series A posted a net return of 1.6% for 2020, versus 19.1% for 2019. The FDP Canadian Dividend Equity Portfolio, Series I posted a net return of 2.8% for 2020.

Following a challenging first quarter caused by the global pandemic, markets started to recover, up to new highs from the lows reached in March. Exceptional monetary and fiscal measures implemented by governments and central banks relieved both markets and economies.

The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a 5.6% return for 2020. Seven of the index’s eleven component sectors posted positive returns. Information Technology (84.2%), thanks to the strong performance of e-commerce company Shopify, and Utilities (23.3%), driven by gold stocks, contributed significantly to the index’s performance. Conversely, Energy (-26.2%), impeded by falling oil demand—which went from USD61.06 a barrel in late December 2019 to USD48.52 as at December 31, 2020—, and Health Care (-22.8%) detracted from index performance.

In the fourth quarter, positive news about COVID-19 vaccines, central banks’ intention to maintain an accommodating monetary policy for an extended period and the U.S. President-elect’s plan to introduce additional stimulus contributed to market performance and  caused the  Energy, Consumer Discretionary, Health Care (especially cannabis stocks), Financials and Real Estate sectors to rebound.

Despite markets generally rebounding from their March 2020 lows, the impact of the pandemic on the global economic recovery remains uncertain. Vaccines’ efficacy and speed of rollout will significantly impact investors’ confidence in financial markets.

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