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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 *: $310,297,135
Number of Securities: 168

Target Asset Mix:

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

*As at May 24, 2019

Portfolio Management

Managers

  • External Managers : Lincluden Investment Management Limited, Manulife Investment Management Limited and Beutel, Goodman & Company Ltd.

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 September 30, 2019

Cash and Cash Equivalent8,90%
Royal Bank of Canada4,90%
The Toronto-Dominion Bank4,60%
The Bank of Nova Scotia3,60%
SPDR S&P 500 ETF Trust2,90%
Power Financial Corporation2,90%
Metro Inc.2,80%
Rogers Communications Inc. Cl. B2,30%
Enbridge Inc.2,20%
Nutrien Ltd.2,20%
Canadian Natural Resources Ltd.2,10%
Sun Life Financial Inc.2,00%
Bank of Montreal1,70%
Intact Financial Corporation1,50%
Inter Pipeline, Ltd.1,50%
Waste Connections, Inc.1,40%
TELUS Corporation1,40%
Danaher Corporation Series A 4.75% Preferred1,40%
Roper Industries, Inc.1,40%
BCE Inc.1,40%
Canadian Pacific Railway Limited1,40%
Brookfield Property Partners LP1,30%
Brookfield Asset Management Inc. Cl. A1,30%
Hydro One Limited1,20%
Crescent Point Energy Corp. Cl. A1,20%
Net asset value as at May 24, 2019
310 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 Interim Management Report of Fund Performance (Operating Results), June 2019.

The FDP Canadian Dividend Equity Portfolio, Series A posted a net return of 13.1% for the first six-month period of 2019, versus -6% for 2018. The FDP Canadian Dividend Equity Portfolio, Series I posted a net return of 13.7% for the first half of the year.

  • The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a 16.2% return over the first half of 2019.
  • The index’s eleven component sectors all posted positive returns.
  • Unlike in 2018, rising oil prices, which went from USD45.41 a barrel in late December 2018 to USD58.47 as at June 30, 2019, representing a 28.8% increase, enabled the Energy sector to post a 12.3% return over the six-month period.

Information Technology (44.0%), Health Care (35.2%), Utilities (22.4%) and Industrials (21.1%) all contributed significantly to the index’s performance.

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