For its fiscal year ended May 31, 2018, the Fonds de solidarité FTQ posted comprehensive income (profit) of $1.0 billion for its 667 417 shareholder-savers. Share value is now $40.73, representing an annual shareholder return of 7.5%. Net assets grew to $14.3 billion.
This performance is attributable to the Québec development capital investments portfolio, which posted a return of 14.1%. The portfolio’s private securities and specialized funds (14.4%) as well as the listed securities (13.0%) contributed to this performance.
During the financial year, the Fonds invested $1.1 billion to support local businesses with an impact on the Québec economy. The Fonds and its Fonds régionaux de solidarité FTQ welcomed 105 new partner companies, compared to 85 the previous year.
Various ways to contribute to the Fonds de solidarité FTQ
Quebecers can contribute to the Fonds in various ways and benefit from the 30% in extra tax credits available to individuals who invest in labour funds. More specifically:
- Through the Fonds’ local representatives in the workplace and through its field offices, where they can get help with enrolment and transactions;
- On www.fondsftq.com, where with just one click they can choose their method of contribution and payment as well as access their account to make online transactions; or
- By calling Saver Services at 1 800 567-FONDS (3663).
Compound annual return
The Fonds’ compound annual shareholder return (excluding the tax credits) is 7.5% for 1 year, 7.0% for 3 years, 7.8% for 5 years and 5% for 10 years.
Share issue for 2018-2019
As has happened a few times in the past, for the purpose of maintaining the balance of its business model, among other objectives, the Fonds de solidarité FTQ may limit the issuance of shares for the current fiscal year. The Fonds will prioritize existing subscription agreements whether by payroll deduction, employer contributions or preauthorized withdrawals and will continue issuing shares throughout the fiscal year in accordance with these agreements.
Please read the prospectus before buying shares of the Fonds de solidarité FTQ. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.