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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 American issuers.
  • Want to participate in the indices of the American market.
  • Have capital-growth objectives in the long term and whose risk tolerance is medium.

Investment Objectives

  • Achieve long-term capital growth.
  • Invest in securities included in one or more American stock market indices in proportion to their weight in such indices, with a minimum of 60% of the assets tracking the performance of S&P 500 market index, or favours investments whose returns track those of these indices.

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

Summary

Volatility:

Average

Category: US Equity
Start Date: July 24, 2000
RRSP Admissibility: Yes, 100% eligible

Benchmark: S&P/500 Index not hedged to the Canadian dollar


Assets*: $35,087,184
Number of Securities: 10

Target Asset Mix:

  • Short Term: 0%
  • American Securities (S&P 500): 100%
  • Other securities in other American indexes or sub-indexes: 0%

*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 March 31, 2019

SPDR S&P 500 ETF Trust 54.30%
iShares Core S&P 500 Index ETF (CAD- Hedged) 25.00%
iShares S&P 500/BARRA Value Index Fund 6.50%
Invesco QQQ Trust Series 1 6.20%
Invesco S&P 500 Quality ETF 3.50%
iShares MSCI USA Momentum Factor ETF 2.70%
iShares Core S&P Small-Cap ETF 1.20%
Cash and Cash Equivalent 0.50%
Net asset value as at May 24, 2019
35 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 Fund Performance (Operating Results), December 2018.

The FDP US Equity Portfolio, Series A posted a net return of 0.6% for 2018, versus 11.8% for 2017.

  • The U.S. stock market, as measured by the S&P 500 Index, posted a net return of 4.2% in Canadian dollars. The growth-style approach outperformed its value-style counterpart during the year, posting a 8.8% and -1.0% return, respectively.
  • Supported by robust economic growth and rising interest rates, the U.S. dollar contributed positively to performance.

Despite a steadily growing U.S. economy at full employment, the repercussions of the tightening of monetary policy by the U.S. Federal Reserve, a looming trade war with China and potential slowdown in global economic growth drove widespread uncertainty on the markets.

A moderate inflation rate would however allow many central banks to maintain an accommodating monetary policy.

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