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.
- 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.
Category: Canadian Money Market
Start Date: December 31, 1987
RRSP Admissibility: Yes, 100% eligible
Benchmark: DEX Treasury Bonds 91 days
Number of Securities: 189
Target Asset Mix:
- Short Term: 100%
*As at May 21, 2021
Main Securities as at March 31, 2021
|Cash and Cash Equivalent||90.8%|
|Honda Canada Finance Inc., 0.76%, Sep. 19, 2022||1.7%|
|Honda Canada Finance Inc., 0.53%, Feb. 26, 2024||1.0%|
|City of Saguenay, 1.85%, Apr. 20, 2022||0.9%|
|City of Côte Saint-Luc, 1.90%, May 23, 2022||0.7%|
|Municipality of Levis, 3.30%, Jun. 06, 2022||0.7%|
|Town of Mont-Laurier, 1.85%, Apr. 11, 2022||0.4%|
|City of L’Ancienne-Lorette, 3.30%, Jul. 25, 2022||0.4%|
|Town of Pincourt, 1.80%, May 23, 2022||0.4%|
|City of Saint-Jean-sur-Richelieu, 1.75%, Jun. 13, 2022||0.2%|
|City of Trois-Rivieres, 1.85%, Apr. 20, 2022||0.2%|
|Société de transport de Laval, 1.85%, May 09, 2022||0.2%|
|City of Saguenay, 2.60%, Apr. 26, 2022||0.2%|
|City of La Prairie, 2.25%, Sep. 07, 2022||0.2%|
|City of Shawinigan, 3.40%, May 16, 2022||0.2%|
|Town of Cowansville, 1.85%, Apr. 18, 2022||0.2%|
|Municipality of Morin-Heights, 2.85%, Aug. 22, 2022||0.2%|
|Société de transport de l’Outaouais, 1.85%, Apr. 13, 2022||0.1%|
|City of Rimouski, 2.10%, May 28, 2022||0.1%|
|Municipality of Levis, 3.30%, Sep. 06, 2022||0.1%|
|City of Saint-Lambert, 3.30%, Jul. 25, 2022||0.1%|
|City of Riviere-du-Loup, 1.70%, Jun. 13, 2022||0.1%|
|City of Longueuil, 3.35%, Jul. 11, 2022||0.1%|
|City of Repentigny, 3.30%, Sep. 26, 2022||0.1%|
|La Prairie Bassin, 1.90%, May 24, 2022||0.1%|
|Net asset value as at March 31, 2021||115 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 Annual Management Report of Portfolio Performance (Operating Results), as at December 31, 2020.
The FDP Cash Management Portfolio, Series A posted a net return of 1.3% for 2020, versus 1.8% for 2019.
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. For its part, the Bank of Canada has announced quantitative easing measures, purchasing government of Canada, provincial and corporate bonds and lowering its bank rate by 50 basis points on three occasions in 2020, lowering it from 1.75% to 0.25%.
In the last few months of 2020, 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 late in the year.