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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*: $400,538,756
Number of Securities: 161

Target Asset Mix

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

*As at May 22, 2020

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 March 31, 2020 

Royal Bank of Canada 6.6%
iShares Core S&P/TSX Capped Composite Index ETF 5.4 %
Cash and Cash Equivalent 5.0%
Brookfield Asset Management Inc. 4.6%
Canadian Pacific Railway Limited 4.5%
The Toronto-Dominion Bank 4.2%
TC Energy Corporation 3.9%
The Bank of Nova Scotia 3.7%
iShares S&P/TSX 60 Index ETF 3.5%
Barrick Gold Corporation 3.1%
Shopify Inc. Cl. A 3.0%
Thomson Reuters Corporation 2.5%
Fortis Inc. 2.4%
Constellation Software Inc 2.2%
Quebecor Inc. Cl. B 2.1%
Financière Sun Life Inc 1.8%
Intact Financial Corporation 1.8%
Brookfield Renewable Partners LP 1.7%
Métro Inc. 1.6%
Alimentation Couche-Tard Inc. Cl. B 1.6%
Franco-Nevada Corporation 1.5%
Canadian Apartment Properties REI 1.4%
Suncor Energy Inc. 1.3%
Restaurant Brands International Inc. 1.1%
Wheaton Precious Metals Corp 1.1%
Net asset value as at March 31, 2020
355 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 Management Report of Portfolio Performance (Operating Results), as at June 30, 2020.

The FDP Canadian Equity Portfolio, Series A posted a net return of -5.1% for the first six-month period of 2020, versus 23.3% for 2019. The FDP Canadian Equity Portfolio, Series I posted a net return of -4.6% for the first six-month period of 2020.

  • In the context of a global economy weakened by a pandemic, governments and central banks introduced unprecedented fiscal and monetary measures, which relieved markets and economies.
  • Markets rebounded during the second quarter, offsetting in part the lows reached in March 2020.

The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a -7.5% return over the first half of 2020. Three of the index’s eleven component sectors posted positive returns. Gold prices rising by 17.4% allowed the Materials sector to post a 15.4% return. The Information Technology sector rose by 62.0%, helped by the performance of Shopify. Conversely, falling oil prices, which went from USD61.06 in late December 2019 to USD39.27 as at June 30, 2020, representing a 35.7% decrease, negatively impacted the Energy sector, which posted a -30.4% return. Health Care (-31.0%), Real Estate (-20.0%), Financials (-16.2%) and Communication Services (-11.2%) all contributed negatively to the index’s performance.

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