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For its outstanding performance…

Winner of a FundGrade A+® Award in 2020 at Fundata’s from Fundata Canada inc., in the Canadian Equity category, out of a total of 418 funds.

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*: $527,181,894
Number of Securities: 209

Target Asset Mix

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

*As at May 21, 2021

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, 2021

Royal Bank of Canada 6.4%
Canadian Pacific Railway Limited 5.1%
The Toronto-Dominion Bank 4.8%
iShares Core S&P/TSX Capped Composite Index ETF 3.9%
Shopify Inc., Cl. A 3.6%
The Bank of Nova Scotia 3.5%
Cash and Cash Equivalent 3.0%
TC Energy Corporation 2.6%
Brookfield Asset Management Inc., Cl. A 2.4%
Canadian Natural Resources, Ltd. 2.3%
Manulife Financial Corporation 2.1%
National Bank of Canada 2.0%
Constellation Software Inc. 1.9%
Brookfield Renewable Partners LP 1.8%
Magna International Inc. 1.6%
Thomson Reuters Corporation 1.5%
Nutrien Ltd. 1.4%
Rogers Communications Inc., Cl. B 1.4%
Dollarama Inc. 1.3%
FirstService Corporation 1.3%
TFI International Inc. 1.2%
Sun Life Financial Inc. 1.1%
Quebecor Inc., Cl. B 1.0%
Canadian Imperial Bank of Commerce 1.0%
Alimentation Couche-Tard Inc., Cl. B 1.0%
Net asset value as at March 31, 2021 512 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, 2020.

The FDP Canadian Equity Portfolio, Series A posted a net return of 8.4% for 2020, versus 23.3% for 2019. The FDP Canadian Equity Portfolio, Series I posted a net return of 9.7% for 2020.

Following a challenging first quarter caused by the global pandemic, markets started to recover, up to new highs from the lows reached in March. Exceptional monetary and fiscal measures implemented by governments and central banks relieved both markets and economies.

The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a 5.6% return for 2020. Seven of the index’s eleven component sectors posted positive returns. Information Technology (84.2%), thanks to the strong performance of e-commerce company Shopify, and Utilities (23.3%), driven by gold stocks, contributed significantly to the index’s performance. Conversely, Energy (-26.2%), impeded by falling oil demand—which went from USD61.06 a barrel in late December 2019 to USD48.52 as at December 31, 2020—, and Health Care (-22.8%) detracted from index performance.

In the fourth quarter, positive news about COVID-19 vaccines, central banks’ intention to maintain an accommodating monetary policy for an extended period and the U.S. President-elect’s plan to introduce additional stimulus contributed to market performance and  caused the  Energy, Consumer Discretionary, Health Care (especially cannabis stocks), Financials and Real Estate sectors to rebound.

Despite markets generally rebounding from their March 2020 lows, the impact of the pandemic on the global economic recovery remains uncertain. Vaccines’ efficacy and speed of rollout will significantly impact investors’ confidence in financial markets.

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