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Fund Overview

This fund is designed for investors who …

  • Seek capital growth over the long term in a diversified portfolio of Canadian issuers.
  • Have a medium to high risk tolerance.
  • Have a long-term horizon and expect some performance volatility associated with equity securities.

Investment Objectives

  • Achieve long-term capital growth through investment diversification.
  • Invest primarily in equity securities of mostly large capitalization Canadian issuers, but also of small or medium capitalization Canadian issuers.
  • Invest in equity securities of foreign issuers and in debt instruments of Canadian and foreign issuers.

Fund Facts are published once a year. Read them now.

Summary

Volatility:

Average

Category: Canadian Equity (Pure)
Start Date: December 31, 1987
RRSP Admissibility: Yes, 100% eligible

Benchmark: S&P/TSX Toronto Stock Exchange Index


Assets*: $394,483,081
Number of Securities: 164

Target Asset Mix

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

*As at May 24, 2019

Portfolio Management

Managers

  • External managers: Fidelity Investments Canada ULC, Triasima Portfolio Management Inc and Manulife Investment Management Limited.

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

Royal Bank of Canada7,10%
The Toronto-Dominion Bank6,50%
Brookfield Asset Management Inc.5,10%
Canadian Pacific Railway Limited4,20%
Cash and Cash Equivalent3,80%
iShares S&P/TSX 60 Index ETF3%
Sun Life Financial Inc.2,70%
Suncor Energy Inc.2,60%
Fortis Inc.2,40%
TC Energy Corporation2,40%
National Bank of Canada2,40%
Alimentation Couche-Tard Inc. Cl. B2,30%
iShares Core S&P/TSX Capped Composite Index ETF2,30%
Constellation Software Inc.2,20%
Thomson Reuters Corporation2,20%
Waste Connections, Inc.2,10%
Barrick Gold Corporation2,10%
CGI Inc.2,10%
Shopify Inc. Cl. A2%
Parkland Fuel Corporation1,80%
Restaurant Brands International Inc.1,80%
Quebecor Inc. Cl. B1,80%
Air Canada1,70%
Pembina Pipeline Corporation1,60%
Canadian Apartment Properties REIT1,60%
Net asset value as at May 24, 2019
394 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, 2019.

The FDP Canadian Equity Portfolio, Series A posted a net return of 23.3% for 2019, versus -8.4% for 2018. The FDP Canadian Equity Portfolio, Series I posted a net return of 24.7% for 2019.

  • The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a 22.9% return for 2019, with 10 of the 11 sectors within the index yielding positive returns.
  • Unlike in 2018, rising oil prices, which went from USD45.41 a barrel in late December 2018 to USD61.06 as at December 31, 2019, representing a 34.4% increase, enabled the Energy sector to post a 21.7% return over the year.

Information Technology (64.1%), Utilities (37.4%) and Industrials (25.5%) all contributed significantly to the index’s performance. Health Care was the only sector posting negative returns on the back of declining cannabis stocks.

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