What Funds Can I Invest In?
Within the Canadian Dentists’ Investment Program,
you can choose from more than 30 different CDA investment funds managed by leading
fund managers.
To learn about all of the CDA investment funds, download the CDA Fund Descriptions document, or click on the individual links.
Download CDA Fund Descriptions (Effective January, 2010)
Note: To view the CDA Fund Descriptions, you
need to have Adobe Acrobat Reader installed on your computer.
CDA Managed Risk Portfolios
Introduced in 2007, the CDA Managed Risk Portfolios are nine different “wrap” funds, which consist of a basket of different underlying investments wrapped into a single investment product. Two categories of these funds are available: passively managed Index Fund Portfolios and actively managed Income/Equity Fund Portfolios. As with all CDA funds, you are strongly advised to consult with your investment planning advisor at CDSPI Advisory Services Inc. before choosing any of the following wrap funds for your plan.
To learn more about the CDA Managed Risk Portfolios, see the information below or download the brochure:
Wrap Up Your Investments — In One Easy-to-Manage Package
Note: To view this brochure, you
will need to have Adobe Acrobat Reader installed on your computer.
CDA Conservative Index Portfolio
Fund Manager
BlackRock Asset Management Canada Limited (BlackRock®)
Investment Objective
To provide investors with a single fund that diversifies investments among bonds, Canadian equities and foreign equities, with an aim of providing a balance of income and growth — with slightly more emphasis on income over growth.
Investment Strategy
This fund invests in several BlackRock® index funds containing stocks and bonds. Investments in the fund are designed to track various broad market indices.
Portfolio Composition
Income : 60%
Equity: 40% (15% US, 15% international and 10% Canadian stocks)
Risk Level
Moderate
Management Fee
0.85%
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CDA Moderate Index Portfolio
Fund Manager
BlackRock Asset Management Canada Limited (BlackRock®)
Investment Objective
To provide investors with a single fund that diversifies investments among bonds, Canadian equities and foreign equities, with an aim of providing a balance of income and growth over the long term.
Investment Strategy
This fund invests in several BlackRock® index funds containing stocks and bonds. Investments in the fund are designed to track various broad market indices.
Portfolio Composition
Income: 40%
Equity: 60% (30% Canadian, 15% US and 15% international stocks)
Risk Level
Moderate
Management Fee
0.85%
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CDA Aggressive Index Portfolio
Fund Manager
BlackRock Asset Management Canada Limited (BlackRock®)
Investment Objective
To provide investors with a single fund that diversifies investments among bonds, Canadian equities and foreign equities, with an aim of providing long-term growth.
Investment Strategy
This fund invests in several BlackRock® index funds containing stocks and bonds. The income/equity asset mix in the portfolio asset Investments in the fund are designed to track various broad market indices.
Portfolio Composition
Income: 20%
Equity: 80% (50% Canadian, 15% US and 15% international stocks)
Risk Level
Moderate High
Management Fee
0.85%
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CDA Income Portfolio
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide investors with a predictable flow of income and some capital appreciation.
Investment Strategy
The fund’s focus is on income with a diversified basket of bond and income funds complemented by mostly large-cap equity funds. The combination of underlying CI funds within the portfolio is chosen by the fund manager to provide stable returns while reducing overall risk.
Portfolio Composition
Income: 70%
Equity: 30% (20% Canadian, 5% US and 5% international stocks)
Risk Level
Low Moderate
Management Fee
1.65%
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CDA Income Plus Portfolio
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide investors with a balance between income and capital growth.
Investment Strategy
The fund provides capital preservation and income with some growth from the mainly large-cap equity portion of the portfolio. The income component is divided between bond and other income funds. The combination of underlying CI funds within the portfolio is chosen by the fund manager to provide stable returns while reducing overall risk.
Portfolio Composition
Income: 55%
Equity: 45% (20% Canadian, 16% US and 9% international stocks)
Risk Level
Low Moderate
Management Fee
1.65%
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CDA Balanced Portfolio
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide investors with a balance of long-term capital growth and interest income.
Investment Strategy
The fund has a greater equity weighting while curbing volatility with a strong component of income investments. The combination of underlying CI funds within the portfolio is chosen by the fund manager to provide stable returns while reducing overall risk.
Portfolio Composition
Income: 35%
Equity: 65% (26% Canadian, 24% US and 15% international stocks)
Risk Level
Moderate
Management Fee
1.65%
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CDA Conservative Growth Portfolio
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide investors with long-term capital growth and some fixed-income stability.
Investment Strategy
The fund has significant equity weighting while the income component helps to dampen volatility. The combination of underlying CI funds within the portfolio is chosen by the fund manager to provide stable returns while reducing overall risk.
Portfolio Composition
Income: 25%
Equity: 75% (31% Canadian, 26% US and 18% international stocks)
Risk Level
Moderate
Management Fee
1.65%
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CDA Moderate Growth Portfolio
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide investors with long-term capital growth and some fixed-income stability.
Investment Strategy
The fund offers well-diversified exposure to Canadian, American and international equities, with a smaller income component. The combination of underlying CI funds within the portfolio is chosen by the fund manager to provide stable returns while reducing overall risk.
Portfolio Composition
Income: 20%
Equity: 80% (31% Canadian, 28% US and 21% international stocks)
Risk Level
Moderate High
Management Fee
1.65%
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CDA Aggressive Growth Portfolio
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide investors with long-term capital growth.
Investment Strategy
This fund is constructed to provide maximum expected returns in the long term, along with higher volatility in the short term. The combination of underlying CI funds within the portfolio is chosen by the fund manager to provide stable returns while reducing overall risk.
Portfolio Composition
Equity: 100% (40% Canadian, 35% US and 25% international stocks)
Risk Level
Moderate High
Management Fee
1.65%
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CDA Canadian Bond Fund Corporate Class (CI)
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To obtain a long-term total return.
Investment Strategy
The fund invests primarily in fixed income securities of Canadian governments and companies, that the portfolio advisor believes offers an attractive yield and the opportunity for capital gains.
Risk Level
Moderate
Management Fee
1.10%
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CDA Corporate Bond Fund Corporate Class (CI)
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To achieve a yield advantage by using fundamental value analysis to evaluate investments.
Investment Strategy
Invests mainly in Canadian fixed-income securities.
Risk Level
Moderate
Management Fee
1.25%
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CDA Income and Growth Fund Corporate Class (CI)
Fund Manager
CI Investments Inc. (CI)
Investment Objective
To provide a steady flow of current income while preserving capital.
Investment Strategy
Invests in a diversified portfolio of securities composed mainly of equity, equity-related and fixed income securities of Canadian issuers. The fund may also invest in foreign securities.
Risk Level
Moderate
Management Fee
1.45%
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Aggressive Equity Fund
Fund manager
Altamira
Investment Objective
High returns through investments in small, emerging companies.
Investment Instruments
Equities in small, emerging Canadian and foreign companies.
Management Style
Higher risk. Actively managed. Includes a well-diversified group of
“up-and-coming” companies in promising growth sectors.
Management Fee
1.00%
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Balanced Fund
Fund manager
Phillips, Hager & North Investment Management Ltd.
Investment Objective
Capital growth and level of income with lower volatility than a pure
stock fund.
Investment Instruments
Canadian stocks, bonds and money market investments, and foreign funds.
Management Style
Medium risk. Changes its mix of stock and bond holdings according to
the economic climate to smooth out volatility and increase returns.
Management Fee
1.20%
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Balanced Value Fund
Fund manager
McLean Budden
Investment Objective
Combination of capital growth and income with moderate asset mix changes.
Managed to exceed a passive benchmark.
Investment Instruments
Invests in a diversified mix of Canadian and non-Canadian equities,
fixed income securities and money market instruments.
Management Style
Medium risk. The equity part of the portfolio emphasizes companies featuring
attractive relative valuations, strong management teams and sound balance
sheets. The fixed income component is actively managed using securities
rated “A” or higher. Interest rate anticipation and yield
curve placement are important factors. The equity and bond components
are subject to extensive risk controls.
Management Fee
0.95%
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Bond Fund
Fund manager
Phillips, Hager & North Investment Management Ltd.
Investment Objective
To provide relatively high yields and stability of capital.
Investment Instruments
Primarily high-quality Canadian corporate bonds and government bonds issued in Canadian dollars.
Management Style
Low risk. The average term to maturity of the fixed income securities in the portfolio is managed within strict guidelines, typically between seven and twelve years.
Management Fee
0.65%
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Bond & Mortgage Fund
Fund manager
Fiera
Investment Objective
Long term capital appreciation and high income.
Investment Instruments
Corporate & government bonds, debentures and mortgage-backed securities.
Management Style
Low risk. Short-term bonds purchased depending on interest
rate direction. May include a smaller component of mortgage investment.
Management Fee
0.99%
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Canadian Equity Fund
Fund manager
Invesco Trimark
Investment Objective
Significant capital growth with a high degree of reliability over the
long term.
Investment Instruments
Invests primarily in common shares of Canadian companies, as well as foreign equities.
Management Style
Long-term value fund. Medium Risk. Focuses on investing in the best
companies that have a unique business thesis unrecognized by other investors.
The portfolio represents a wide variety of business. The style is an
equal mix of value and growth considerations, with a strictly company
specific approach.
Management Fee
1.50%
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Common Stock Fund
Fund manager
Altamira
Investment Objective
Long term capital growth.
Investment Instruments
Larger Canadian companies with above-average earnings over the long
term, as well as foreign equities.
Management Style
Medium risk. Actively managed and growth driven. Invests in quality
companies with
the potential for greater than market revenue, income and earnings growth
within the framework of longer-term investment themes.
Management Fee
0.99%
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Dividend Fund
Fund manager
Phillips, Hager & North Investment Management Ltd.
Investment objective
To provide long-term capital growth and income by investing primarily in a well-diversified portfolio of dividend income-producing Canadian securities that have a relatively high yield. As well as current yield, investments are chosen for their long-term earnings growth potential.
Investment instruments
Invests primarily in dividend-paying Canadian common shares, and to a lesser extent, bonds and foreign equities.
Management style
Medium to higher risk. Because the fund invests primarily in Canadian companies, its value depends in part on the performance of the Canadian stock market and the health of the national economy. However, because the fund invests in many industries, it is less risky than a fund that specializes in a specific industry.
Management fee
1.20%
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Emerging Markets Fund
Fund manager
Brandes Investment Partners and Co.
Investment Objective
To achieve long-term capital appreciation by investing in equities of companies located or active mainly in emerging markets.
Investment Instruments
The Fund invest in a diversified group of companies that typically reside in Asia, Latin America, Europe and Africa.
Management Style
Higher risk. Brandes applies a Graham & Dodd value approach to stock selection, generally selecting stocks of companies that are financially strong but undervalued in the market at the time of purchase. Stocks are typically sold when they become fully valued, which usually happens over a period of at least three to five years.
Management Fee
1.77%
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European Fund
Fund manager
Invesco Trimark
Investment Objective
To produce strong capital growth over the long term.
Investment Instruments
The fund invests mainly in equities in companies located in Europe, including Eastern European countries and the Commonwealth of Independent States (countries of the former Soviet Union). It may from time-to-time invest in companies located in other countries, generally in the Mediterranean area.
Management Style
Medium risk. The manager employs a value approach to making investment decisions, with an aim of enhancing returns through judicious company selection.
Management Fee
1.45%
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Fixed Income Fund
Fund manager
McLean Budden
Investment Objective
To provide superior returns through a combination of income and capital
appreciation.
Investment Instruments
Corporate & government bonds. May contain U.S. dollar denominated
bonds up to a maximum of 10%.
Management Style
Low risk. Investment decisions based on a six- to twelve-month outlook
for interest rates and economic activity.
Management Fee
0.97%
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Global Fund
Fund manager
Invesco Trimark
Investment Objective
Strong capital growth with a high degree of reliability in the long
run.
Investment Instruments
Invests primarily in equities of companies anywhere in the world.
Management Style
Medium risk. Looks for companies that can profit from technological
advances, invest significantly for competitiveness, exploit new opportunities,
and have entrepreneurial management.
Management Fee
1.50%
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Global Growth Fund
Fund manager
Capital International Asset Management (Canada), Inc.
Investment Objective
To achieve long-term capital growth.
Investment Instruments
Invests primarily in common stocks, including growth-oriented stocks, on a global basis.
Management Style
Medium risk. The fund may be appropriate for investors who have a long-term investment objective and are seeking capital appreciation through investments in stocks of companies located around the world.
Management Fee
1.77%
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High Income Fund
Fund manager
Sceptre Investment Counsel Limited
Investment Objective
To provide a high level of tax-advantaged income along with moderate capital growth.
Investment Instruments
Primarily invests in a diversified selection of Canadian Royalty Income Trusts (with a primary emphasis on Real Estate Investment Trusts), fixed income securities and high-yielding Canadian equities.
Management Style
Medium risk. Trust investments are chosen on a fundamental basis. Emphasis is on the track record of management, quality of assets, competitive/sustainable advantages and discounted cash flow valuation.
Management Fee
1.45%
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International Equity Fund
Fund manager
Connor, Clark & Lunn Investment Management Ltd.
Investment Objective
To maximize long-term returns through broad exposure to non-North American economies.
Investment instruments
Assets held in a diversified group of mostly large companies across non-North American stock markets, with approximately five per cent of assets held in emerging markets.
Management style
Medium to higher risk. Because the fund invests in international markets, adding it to a domestic portfolio reduces the risk in the portfolio associated with the health of the North American economy. However, it does have risks associated with foreign exchange rates and market conditions in other countries.
Management fee
1.30%
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Money Market Fund
Fund manager
Fiera
Investment Objective
Safety of capital with a reasonable level of current income.
Investment Instruments
Treasury bills, certificates of deposit, short-term bonds and low-risk
commercial paper.
Management Style
Low risk. Selects cash and readily liquidated securities maturing within
one year or considerably less, depending on interest rates.
Management Fee
0.67%
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Pacific Basin Fund
Fund manager
CI Investments
Investment Objective
To obtain maximum long-term capital growth.
Investment Instruments
Primarily invests in equity securities of well-established Japanese and other Pacific Rim companies having good prospects for future growth.
Management Style
Medium risk. The portfolio manager follows a value approach to investing, with an aim to create wealth without assuming a high degree of capital risk. This is accomplished by developing a portfolio of high quality, undervalued businesses with outstanding risk/reward profiles.
Management Fee
1.77%
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S&P 500 Index Fund
Fund manager
BlackRock Asset Management Canada Limited (BlackRock®)
Investment Objective
To closely track the performance of Standard & Poor’s 500 Index.
Investment Instruments
Invests in ETFs (Exchange Traded Funds) such as Standard and Poor's
depository receipts — securities that hold all the stocks in the
S&P Index in amounts proportional to their weight in the Index.
Management Style
Medium risk. Buy and hold strategy. Should provide less volatile returns
when compared with actively managed funds.
Management Fee
0.67%
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TSX Composite Index Fund
Fund manager
BlackRock Asset Management Canada Limited (BlackRock®)
Investment Objective
To match the performance of the S&P/TSX Composite Index.
Investment Instruments
Invests in all stocks in the same relative weights as they are in the
Index.
Management Style
Medium to high risk. Buy and hold strategy. Should provide less volatile
returns when compared with actively managed funds.
Management Fee
0.67%
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US Large Cap Fund
Fund manager
Capital International Asset Management (Canada), Inc.
Investment Objective
To achieve long-term capital growth.
Investment Instruments
Invests in a portfolio comprised primarily of equity securities of large US issuers and securities whose principal markets are in the US (including ADRs and other US registered foreign securities).
Management Style
Medium risk. The fund may be appropriate for growth-oriented investors who are seeking a value-based approach to investing in US stocks.
Management Fee
1.46%
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US Small Cap Fund
Fund manager
Invesco Trimark
Investment Objective
To produce strong capital growth over the long term.
Investment Instruments
The fund invests mainly in common shares of a diversified group of US companies with small-market capitalizations.
Management Style
Medium risk. The manager employs a bottom-up, value style approach to investing, with an aim of focusing on undervalued small-cap US companies.
Management Fee
1.25%
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Guaranteed Funds
Fund manager
Sun Life Assurance Company of Canada
Investment Objective
Fixed rates of interest guaranteed for term selected (1-5 years).
Investment Instruments
Various different investment products, fully backed by Sun Life’s
assets.
Management Style
Low risk. Rates set are highly competitive with those in the marketplace.
Management Fee
N/A
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