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.
- 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.
Category: Canadian Equity (Pure)
Start Date: December 31, 1987
RRSP Admissibility: Yes, 100% eligible
Benchmark: S&P/TSX Toronto Stock Exchange Index
Number of Securities: 179
Target Asset Mix
- Canadian Equity: 100%
- Foreign Equity: 0%
- Short Term: 0%
*As at April 30, 2018
- External managers: Fidelity Investments Canada ULC, Triasima Portfolio Management Inc and Manulife Asset Management Limited.
Read the investment approach.
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, 2018
|Royal Bank of Canada||7.20%|
|The Toronto-Dominion Bank||7.10%|
|Cash and Equivalents||5.80%|
|Suncor Energy Inc.||4.40%|
|Brookfield Asset Management Inc. Cl. A||4.00%|
|Bank of Montreal||3.50%|
|Waste Connections, Inc.||3.00%|
|iShares S&P/TSX 60 Index ETF||2.70%|
|Canadian National Railway Company||2.60%|
|Shopify Inc. Cl. A||2.40%|
|Constellation Software Inc.||2.30%|
|Canadian Pacific Railway Company||2.30%|
|Sun Life Financial Inc.||2.20%|
|Rogers Communications Inc. Cl. B||2.10%|
|Canadian Natural Resources Ltd.||1.80%|
|Parkland Fuel Corporation||1.70%|
|Canadian Apartment Properties REIT||1.70%|
|CGI Group Inc. Cl. A||1.60%|
|Quebecor Inc. Cl. B||1.50%|
|CCL Industries Inc. Cl. B||1.30%|
|Restaurant Brands International Inc.||1.20%|
|BRP Inc., Sub. Voting||1.10%|
|Bausch Health Companies Inc.||1.00%|
Net asset value as at September 30, 2018
|377 M $|
* Returns for the first and last year are not annualized
* Non annualized return
$1,000 Invested Amount since inception
Note that the results shown are for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investments ins FDP Portfolio’s. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns, including changes in portfolio value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by an investor that would have reduced returns. References to indices are for information purposes only. Comparisons with indices may vary according to the portfolio size, investment timing, and mandate objective. The funds’ securities are not insured by the Canada Deposit Insurance Corporation. Mutual funds are not guaranteed, their value changes frequently, and past performance may not be repeated.
The Managers’ Comments are taken from the Management Report of Fund Performance (Operating Results), December 2018.
The FDP Canadian Equity Portfolio, Series A posted a net return of -8.4% for 2018, versus 5.7% for 2017. The FDP Canadian Equity Portfolio, Series I posted a net return of -7.4% for 2018.
- The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a -8.9% return for 2018. Eight of the index’s eleven component sectors posted negative returns.
- Oil prices fell by 24.8%, from 60.42US$ at the end of December 2017 to 45.41US$ at December 31, 2018. This price drop had a significant impact on the energy sector, which makes up over 18% of the Canadian index and posted a -18.3% return for 2018.
Health Care (-15.9%), Consumer Discretionary (-16.0%) and Utilities (-8.9%) all detracted from Index performance. These lacklustre returns were in part due to expectations of overnight rate hikes by the Bank of Canada and concerns over a slowdown in global economic growth. The Information Technology sector, however, posted a positive return of 13.0%.