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Fund Overview

This fund is designed for investors who …

  • Have a low risk tolerance and wish to temporarily invest money that is destined for a cash payout in the near future.
  • Wish to grow their temporary cash with a minimum of risk and volatility during this period.

Investment Objectives

  • Achieve a high level of income, while maintaining liquidity.
  • Achieve stable returns and low volatility on its units.
  • Invest primarily in debt instruments of top quality Canadian issuers.
  • May also invest in debt instruments of Canadian and foreign issuers with a high credit rating.

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

Sommaire

Volatility:

Low

Category: Canadian Money Market
Start Date: December 31, 1987
RRSP Admissibility: Yes, 100% eligible

Benchmark: DEX Treasury Bonds 91 days


Assets*: $60,619,871
Number of Securities: 54

Target Asset Mix:

  • Short Term: 100%

*As at May 24, 2019

Portfolio Management

Managers

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

City of Sherbrooke 2.20% Dec. 10, 20199,10%
City of Trois-Rivières 2.05% Oct. 26, 20196,80%
Royal Bank of Canada 0.01% Oct. 09, 20196,50%
The Bank of Nova Scotia 1.82% Oct. 04, 20194,90%
City of Mascouche 2.00% Oct. 09, 20204,80%
Société de transport de l’Outaouais 2.00% Oct. 12, 20194,50%
Société de transport de Laval 2.35% Oct. 21, 20193,70%
City of Sherbrooke 2.25% Mar. 06, 20203,60%
Town of Saint-Jérôme 2.00% Oct. 04, 20193,50%
Town of Saint-Jérôme 2.40% Feb. 05, 20203,00%
Government of Canada Treasury Bill 1.64% Oct. 17, 20192,90%
City of Sherbrooke 2.00% Jul. 31, 20202,90%
City of Shawinigan 2.00% Apr. 16, 20202,70%
Bank of Montreal 1.80% Oct. 10, 20192,60%
City of Shawinigan 1.95% Nov. 01, 20192,10%
Canadian Imperial Bank of Commerce 1.82% Oct. 15, 20191,90%
Toronto Dominion Bank 1.81% Oct. 23, 20191,90%
Government of Canada Treasury Bill 1.75% Oct. 02, 20191,80%
Societe de transport de Levis 2.00% Oct. 10, 20201,70%
City of Baie-Comeau 1.85% Dec. 05, 20191,60%
City of Magog 1.95% Nov. 01, 20191,60%
Bank of Montreal 1.82% Oct. 17, 20191,60%
The Bank of Nova Scotia 1.82% Oct. 21, 20191,60%
City of Saint-Hyacinthe 2.05% Feb. 28, 20201,60%
City of Magog 2.25% Oct. 02, 20191,50%
Net asset value as at May 24, 2019
60 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 Cash Management Portfolio, Series A posted a net return of 0.9% for the first six-month period of 2019, versus 1.4% for 2018.

The slowdown in global economic growth led central banks, including the U.S. Federal Reserve and the European Central Bank in particular, to implement a new approach and adopt a more accommodative monetary policy.

  • Under these circumstances, the Bank of Canada left its overnight rate unchanged, having hiked it by 125 basis points so far since the beginning of the current tightening cycle.
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