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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.
    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 March 31, 2019

Royal Bank of Canada 6.70%
The Toronto-Dominion Bank 6.20%
iShares S&P/TSX 60 Index ETF 5.30%
Brookfield Asset Management Inc. Cl. A 4.80%
Alimentation Couche-Tard Inc. Cl. B 3.40%
Suncor Energy Inc. 3.20%
Cash and Cash Equivalent 3.10%
Waste Connections, Inc. 3.10%
Canadian National Railway Company 3.00%
Canadian Pacific Railway Limited 2.80%
Thomson Reuters Corporation 2.60%
Quebecor Inc. Cl. B 2.50%
Fortis Inc. 2.30%
Sun Life Financial Inc. 2,20%
Constellation Software Inc. 2,20%
Pembina Pipeline Corporation 2.10%
Restaurant Brands International Inc. 2.00%
CGI Inc. 2.00%
Canadian Apartment Properties REIT 1.90%
Canadian Natural Resources Ltd. 1.80%
Parkland Fuel Corporation 1.80%
Barrick Gold Corporation 1.50%
Shopify Inc. Cl. A 1.40%
Wheaton Precious Metals Corp. 1.20%
Enbridge Inc. 1.20%
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 Interim Management Report of Fund Performance (Operating Results), June 2019.

The FDP Canadian Equity Portfolio, Series A posted a net return of 17.0% for the first six-month period of 2019, versus -8.4% for 2018. The FDP Canadian Equity Portfolio, Series I posted a net return of 17.6% for the first half of the year.

  • The Canadian stock market, as measured by the S&P/TSX Composite Dividend Index, posted a 15.2% return during the same period.
  • 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. The benchmark index’s dividend yield was close to 3.5%.

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