Fund Overview
This fund is designed for investors who …
- Seek steady income through investments in Canadian issuers paying superior dividends.
- Have a medium risk tolerance.
Investment Objectives
- Provide income and achieve medium- and long-term capital growth through investment diversification.
- Invest primarily in equity securities, including income trust units, of Canadian issuers that pay income or dividends.
- Invest in securities of foreign issuers that pay income or dividends and in debt instruments of Canadian and foreign issuers.
Fund Facts are published once a year. Read them now.
Summary
Volatility:
Average Category: Dividend
Start Date: February 1, 2008
RRSP Admissibility: Yes, 100% eligible
Benchmark: S&P/TSX Toronto Stock Exchange Index
Assets *: $115,749,741
Number of Securities: 76
Target Asset Mix:
- Canadian Equity: 100%
- Foreign Equity: 0%
- Short Term: 0%
*As at April 30, 2024
Portfolio Management
Managers
- External Managers : Desjardins Global Asset Management Inc.(DGAM), Beutel, Goodman & Company Ltd, 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 March 31, 2024
| Royal Bank of Canada | 7.5% |
| Bank of Montreal | 5.1% |
| The Toronto-Dominion Bank | 5.0% |
| Canadian Natural Resources Limited | 4.0% |
| The Bank of Nova Scotia | 3.7% |
| Sun Life Financial Inc. | 3.7% |
| Canadian National Railway Company | 3.2% |
| Suncor Energy Inc. | 3.0% |
| Enbridge Inc. | 2.8% |
| Manulife Financial Corporation | 2.7% |
| Constellation Software Inc. | 2.6% |
| Canadian Pacific Kansas City Limited | 2.5% |
| Cenovus Energy Inc. | 2.4% |
| Restaurant Brands International Inc. | 2.3% |
| RB Global, Inc. | 2.1% |
| Brookfield Corporation, Cl. A | 2.0% |
| Cash and Cash Equivalents | 1.9% |
| Alimentation Couche-Tard Inc. | 1.8% |
| Quebecor Inc., Cl. B | 1.8% |
| Nutrien Ltd. | 1.6% |
| Open Text Corporation | 1.6% |
| TC Energy Corporation | 1.5% |
| Magna International Inc. | 1.5% |
| SNC-Lavalin Group Inc., Cl. A | 1.5% |
| Fortis Inc. | 1.4% |
| Net asset value as at March 31, 2024 | 121 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, 2023.
The FDP Canadian Dividend Equity Portfolio, Series A posted a net return of 5.8% for 2023, versus -3.3% for 2022. The FDP Canadian Dividend Equity Portfolio, Series I posted a net return of 7.1% for 2023.
Rate hikes weighed heavily on Canadian markets, but the unexpectedly resilient Canadian economy drove investors’ optimism. The Canadian stock market, as measured by the S&P/TSX Composite Index, posted a 9.6% return for 2023.
Stock selection impeded the FDP Canadian Dividend Equity Portfolio’s returns, but this was partly offset in part by an overweight to the Information Technology sector.
