Financière des professionnels
 
My account

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*: $41,830,857
Number of Securities: 8

Target Asset Mix:

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

*As at April 30, 2023

Portfolio Management

Managers

  • Professionals’ Financial – Mutual Funds Inc.

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, 2023

SPDR S&P 500 ETF Trust 70.5%
iShares Core S&P 500 Index ETF (CAD- Hedged) 15.0%
Invesco S&P 500 Equal Weight ETF 6.2%
Invesco QQQ Trust, Series 1 4.2%
Invesco S&P 500 Low Volatility ETF 2.1%
Cash and Cash Equivalents 1.1%
iShares Core Dividend Growth ETF 0.8%
Net asset value as at September 30, 2023 42 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, 2022.

The FDP US Equity Portfolio, Series A posted a net return of -15.0% for 2022, versus 24.5% for 2021.

Rate hikes in the United States and a potential recession had a negative effect on the U.S. market during the year. The U.S. stock market, as measured by the S&P 500 Index, posted a net return of -12.2% in Canadian dollars for 2022. In turn, the Canadian dollar, like many other global currencies, weakened by 6.8% relative to the U.S. dollar, which bolstered returns for Canadian investors.

Value-style securities outperformed their growth-style counterparts during the year, with each posting a -5.3% and -29.4% return, respectively. Only two of the index’s eleven component sectors posted positive returns, with Energy (+65.8%) leading the pack, bolstered by oil prices and the war in Ukraine. Utilities also posted positive returns (+1.4%). Conversely, Consumer Discretionary (-37.0%) and Communication Services (-39.9%) were the worst-performing sectors.

The FDP US Equity Portfolio seeks to generate more added value than the S&P 500 through a substantial allocation to benchmark index’s component securities and positions in ETFs to add value. In 2022, the portfolio lost 1.86% in value, mostly due to the currency exchange fluctuation hedged portion that didn’t benefit from the Canadian dollar depreciating.

Performance for 2022 was affected by inflations, central banks’ more aggressive- than-expected interventions, the war in Ukraine, the labour shortage and supply chain issues.
Contact us