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.
- 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.
Category: US Equity
Start Date: July 24, 2000
RRSP Admissibility: Yes, 100% eligible
Benchmark: S&P/500 Index not hedged to the Canadian dollar
Number of Securities: 9
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 22, 2020
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, 2020
|SPDR S&P 500 ETF Trust||57.7%|
|iShares Core S&P 500 Index ETF (CAD- Hedged)||23.4%|
|Invesco QQQ Trust Series 1||7.1%|
|iShares S&P 500 Value ETF||3.6%|
|Invesco S&P 500 Quality ETF||3.0%|
|iShares Edge MSCI USA Momentum Factor ETF||2.3%|
|Cash and Cash Equivalent||1.7%|
|Invesco S&P 500 Low Volatility ETF||1.1%|
|Net asset value as at September 30, 2020||38 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 Management Report of Portfolio Performance (Operating Results), as at June 30, 2020.
The FDP US Index Equity Portfolio, Series A posted a net return of 0.1% for the first six-month period of 2020, versus 23.7% for 2019. The U.S. stock market, as measured by the S&P 500 Index, posted a net return of 1.8% in Canadian dollars, in part due to the performance of large cap growth stocks such as Amazon, Apple, Microsoft, Google and Facebook, and to the weakening of the Canadian dollar by 4.8% relative to the U.S. dollar. Three of the index’s eleven component sectors posted positive returns. The Information Technology and Consumer Discretionary sectors posted 20.7% and 12.6% increases, respectively. Conversely, falling oil prices, which went from USD61.06 in late December 2019 to USD39.27 as at June 30, 2020, representing a 35.7% decrease, negatively impacted the Energy sector, which posted a -32.1% return. The Financials sector also posted a -16.2% return.
- 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.
- Markets rebounded during the second quarter, offsetting in part the lows reached in March 2020.
The U.S. Federal Reserve pledged to maintain interest rates near zero for an extended period and expanded its quantitative easing program.
The 2020 U.S. election will have repercussions on investor confidence in financial markets.