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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*: $33,930,417
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

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, 2020

SPDR S&P 500 ETF Trust59.10%
iShares Core S&P 500 Index ETF (CAD- Hedged)22.70%
Invesco QQQ Trust Series 16.50%
iShares S&P 500 Value Index Fund4.10%
Invesco S&P 500 Quality ETF3.10%
iShares MSCI USA Momentum Factor ETF2.20%
Invesco S&P 500 Low Volatility ETF1.20%
Encaisse et équivalents1.00%
Net asset value as at March 31, 2020
31 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, 2019.

The FDP US Equity Portfolio, Series A posted a net return of 23.7% for 2019, versus 0.6% for 2018.

  • Supported by positive economic growth, an economy at full employment and the Fed’s shift in rhetoric and adoption of a more accommodative monetary policy, the U.S. stock market, as measured by the S&P 500 Index, posted a net return of 24.8% in Canadian dollars.
  • The Canadian dollar appreciated 5.3% against the U.S. dollar. The Information Technology sector significantly bolstered the S&P 500’s performance and lessening trade tensions was favourable to investors, consumers and businesses.
Manufacturing activity and changes in global economic growth are still raising some concerns.

The 2020 U.S. election will have repercussions on investor confidence in financial markets.

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