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Canadian Dividend Equity

Fund Overview

Fund Overview
Portfolio Management
Returns
Managers' Comments

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 Composite Dividend

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), Professionals’ Financial – Mutual Funds Inc.

Main Securities as at September 30, 2024

Royal Bank of Canada	8.2%
Toronto-Dominion Bank	5.1%
Enbridge Inc.	3.9%
Bank of Nova Scotia	3.8%
iShares Core S&P/TSX Capped Composite Index ETF	3.6%
Canadian Natural Resources Limited	3.5%
Canadian Pacific Kansas City Limited	3.4%
Bank of Montreal	3.3%
Manulife Financial Corporation	3.2%
Constellation Software Inc.	2.9%
Suncor Energy Inc.	2.6%
Brookfield Corporation	2.5%
Sun Life Financial Inc.	2.4%
Canadian National Railway Company	2.3%
Pembina Pipeline Corporation	2.3%
BCE Inc.	2.3%
Agnico Eagle Mines Limited	2.1%
Brookfield Infrastructure Partners L.P.	2.0%
Alimentation Couche-Tard Inc.	1.8%
Government of Canada 0.0% 18-DEC-2024	1.7%
RioCan Real Estate Investment Trust	1.6%
Brookfield Asset Management Ltd. Class A	1.6%
Quebecor Inc. Class B	1.5%
Fairfax Financial Holdings Limited	1.5%
Restaurant Brands International, Inc.	1.1%

Net asset value as at September 30, 2024

119 M $

Returns

Returns ^*

* Returns for the first and last year are not annualized

Return in % at 28/02/2025

1 mo.*	3 mos. *	6 mos. *	1 yr.	2 yrs.	3 yrs.	5 yrs.	10 yrs.
-0%	0%	7.4%	14.9%	9.5%	6.3%	9.9%	6.5%

* 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 Interim Management Report of Portfolio Performance (Operating Results), as at June 30, 2024.

The FDP Canadian Dividend Equity Portfolio, Series A posted a net return of 3.4% for the first six months of 2024, versus 5.8% for 2023. The FDP Canadian Equity Portfolio, Series I posted a net return of 4.0% for the first six months of 2024.

The modest key interest rate reduction in early June 2024 (the first since the start of the COVID-19 pandemic in March 2020) was well received in the country and bolstered Canadian stock markets. The Canadian stock market, as measured by the S&P/TSX Composite Dividend Index, posted a 6.4% return over the first six months of 2024, outperforming the S&P/TSX Composite Index (6.1% return over the same period).

Stock selection detracted from the FDP Canadian Dividend Equity Portfolio’s performance over the first half of 2024, though the overweight to the Health Care and Information Technology sectors helped mitigate this negative performance.

As in 2023, inflation and labour shortages continued to weigh heavily on Canadian stock markets, though to a lesser extent than in the previous year as the economy’s started to show signs of a slowdown. Inflation has fallen within the central bank’s target range, enabling the first key rate cut in more than four years. Long-awaited, it was welcomed by investors and Canadian consumers.

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Canadian Dividend Equity

Fund Overview

Summary

Portfolio Management

Returns

Returns ^*

Return in % at 28/02/2025

$1,000 Invested Amount since inception

Managers' Comments

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Shareholders

Partners

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Canadian Dividend Equity

Fund Overview

Summary

Portfolio Management

Returns

Returns *

Return in % at 28/02/2025

$1,000 Invested Amount since inception

Managers' Comments

Fast links

Shareholders

Partners

Affiliated Companies

Shareholder of

Member of

Partners

Returns ^*