For the third year in a row, CDSPI’s Family of Funds has achieved the top ranking in investment performance based on data from Morningstar Direct1—an accomplishment that underscores the consistency and strength of our investment approach.
In an April, 2026 Investment Executive article by journalist Joel Kranc, CDSPI was recognized once more as the industry’s leading segregated fund performer.
CDSPI topped the 2025 performance list, with 90.2% of its assets under management ranking in the first and second quartiles, according to Morningstar Direct—up from 89% in 2024.
Steven Moscone, Vice President of Advisory Services at CDSPI Advisory Services Inc., emphasizes that maintaining a top position over multiple years reflects both discipline and resilience. These results highlight “the value of diversification, with non-U.S. equities, emerging-market bonds and gold and the TSX leading. As we enter 2026, geopolitical uncertainty reinforces our focus on risk management and consistency.”
Last year “marked our third consecutive year of top-quartile performance,” Moscone added. This translates into tangible benefits for the dental community, especially for incorporated dentists who may rely on segregated funds for both creditor protection and efficient estate transfer outside of probate.
Understanding Morningstar Ratings
Morningstar Ratings provide a concise way to evaluate a fund’s historical performance by factoring in risk-adjusted returns and expenses. Funds are assigned between one and five stars, offering a relative comparison against peers in the same category.
Morningstar Ratings can be a helpful starting point when assessing investment options:
Comparative Insight:
They make it easier to evaluate how a fund stacks up against similar offerings.
Risk Awareness:
By incorporating risk-adjusted returns, they highlight how effectively a fund balances performance with volatility.
Cost Consideration:
Fees are taken into account, helping investors judge whether returns justify expenses.
Efficient Screening:
They simplify the process of narrowing down a broad universe of funds.
“Ratings are one piece of a much larger puzzle,” says Shan Janmohamed CFP®, RRC®, Investment Planning Advisor with CDSPI Advisory Services Inc. “We work with clients to interpret peer analysis, investment mandates and research in the context of their overall financial plan, helping them make informed, personalized decisions.”
Staying Focused in Changing Markets
Amid ongoing geopolitical uncertainty and no clear market direction, CDSPI clients benefit from a diversified approach built to perform across various market conditions. While markets will continue to shift, a structured, long-term strategy—supported by regular reviews—helps keep portfolios aligned with evolving goals and conditions.
Strong investment performance supports long-term outcomes—but advice adds measurable value. Portfolios guided by a financial advisor have been shown to outperform by an average of 3.85%2, driven by disciplined planning, behavioural guidance and ongoing management. Paired with top-quartile performance, this can further enhance returns while helping manage risk.
If you have questions about your financial plan, investment strategy, or if you’d like to add CDSPI Funds to your investment portfolio, please contact CDSPI Advisory Services at 1.800.561.9401, email investment@cdspi.com, or book a meeting online.
1 A golden year for seg funds | Investment Executive | Joel Kranc
2 What's the value of a Canadian Financial Advisor | Investment Executive
Past performance is not necessarily indicative of future results. For more details on the calculation of Morningstar ratings, please see morningstar.ca .