List of Core HoldingsWhen I checked and printer out the listing back in Jan 31, the only difference between FTN and FFN were :-
1) FTN had The Bank of Nova Scotia, but not FFN; and
2) FFN had Great-West LIfeco, but not FTN.
FTN looked to have dropped The Bank of Nova Scotia too - the funds seemed to be able to change their holdings as and when they liked. Then I came across the following fine print on the same page as the holdings :-
Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. Top holdings by weight may include holdings other than the core holdings as 15% of the net asset value may be invested in equity securities other than the core holdings (as per the Prospectus).
Hence, the above Core Holdings List may change because 15% of the NAV may be invested in equity securities other than the core holdings. This has been mentioned in the prospectus.
But I wonder what's the rationale for changing the weightage of the counters.