TD Asset Management Inc. makes changes to risk rating on seven TD Mutual Funds and other changes to certain TD Mutual Funds
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TORONTO, July 18, 2017 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, announced today that effective on or about July 27, 2017, the TD Mutual Funds listed below (the Funds) will be changing their risk rating as indicated:
|
TD Mutual Fund |
Previous Risk Rating |
New Risk Rating |
|
Risk Rating Decreases |
||
|
TD Corporate Bond Plus Fund |
Low to Medium |
Low |
|
TD U.S. Corporate Bond Fund |
Low to Medium |
Low |
|
TD Global Low Volatility Fund |
Medium |
Low to Medium |
|
TD Global Low Volatility Class |
Medium |
Low to Medium |
|
Risk Rating Increases |
||
|
TD Canadian Equity Fund |
Medium |
Medium to High |
|
TD Canadian Equity Class |
Medium |
Medium to High |
|
TD High Yield Bond Fund |
Low to Medium |
Medium |
The changes are based on the new methodology mandated by the Canadian Securities Administrators (the CSA) and the related annual review by TDAM to determine the risk level of publicly-offered mutual funds. The changes are not a result of any modifications made to the investment objectives, strategies or management of the Funds.
A summary of the CSA's risk classification methodology and the investment objectives and strategies can be found in the applicable TD Mutual Fund simplified prospectus available at tdassetmanagement.com.
Name changes
Effective on or about July 27, 2017, TDAM will change the names of the following TD Mutual Funds:
|
Current Name |
New Name |
|
TD Global Bond Fund |
TD Global Core Plus Bond Fund |
|
TD Target Return Conservative Fund |
TD Global Conservative Opportunities Fund |
|
TD Target Return Balanced Fund |
TD Global Balanced Opportunities Fund |
The investment objectives and investment strategies of the funds will not change.
Annual management fee rate disclosure change
TDAM will change the management fee disclosure in the current TD Mutual Funds simplified prospectus for all series of all the funds in the simplified prospectus. Currently, the annual management fee rate for each series of each fund is expressed as a maximum annual rate in the simplified prospectus. Effective on or about July 27, 2017, the simplified prospectus will disclose a specified annual management fee rate. Going forward, where TDAM chooses to charge a management fee below the specified annual rate, a waived management fee will be stated in the Financial Reports of the applicable fund.
For some series, the specified annual management fee rate that will be disclosed will be a different rate than the maximum annual fee rate which is currently disclosed in the simplified prospectus. Generally, these changes are not expected to result in a material difference in the annual management fees charged to the funds in respect of the affected series. Such series are as follows:
|
Mutual Fund |
Series |
Current maximum |
Annual |
|
Money Market Funds | |||
|
TD Canadian Money Market Fund |
Investor Series |
1.00% |
0.80% |
|
TD Canadian Money Market Fund |
Advisor Series |
1.00% |
0.80% |
|
TD Canadian Money Market Fund |
F-Series |
0.75% |
0.55% |
|
TD U.S. Money Market Fund |
Investor Series |
1.00% |
0.80% |
|
Fixed Income Funds | |||
|
TD Short Term Bond Fund |
Institutional Series |
0.75% |
0.40% |
|
TD Canadian Bond Fund |
Institutional Series |
0.75% |
0.40% |
|
TD Canadian Core Plus Bond Fund |
Institutional Series |
0.75% |
0.45% |
|
TD Global Bond Fund |
Investor Series |
1.35% |
1.20% |
|
TD Global Bond Fund |
Advisor Series |
1.35% |
1.20% |
|
TD Global Bond Fund |
F-Series |
0.85% |
0.70% |
|
TD Global Bond Fund |
Institutional Series |
1.00% |
0.40% |
|
TD Global Bond Fund |
D-Series |
1.00% |
0.95% |
|
TD High Yield Bond Fund |
Institutional Series |
1.00% |
0.55% |
|
TD Income Advantage Portfolio |
Institutional Series |
1.00% |
0.45% |
|
TD Ultra Short Term Bond Fund |
Investor Series |
1.25% |
1.00% |
|
TD Ultra Short Term Bond Fund |
Advisor Series |
1.25% |
1.00% |
|
TD Ultra Short Term Bond Fund |
F-Series |
0.75% |
0.55% |
|
TD Ultra Short Term Bond Fund |
D-Series |
1.00% |
0.80% |
|
Mutual Fund |
Series |
Current maximum |
Annual |
|
Balanced Funds | |||
|
TD Dividend Income Fund |
Institutional Series |
1.00% |
0.45% |
|
Canadian Equity | |||
|
TD Dividend Growth Fund |
Institutional Series |
1.00% |
0.50% |
|
TD Canadian Equity Fund |
Institutional Series |
1.00% |
0.55% |
|
TD Canadian Value Fund |
Institutional Series |
1.00% |
0.55% |
|
TD Canadian Small-Cap Equity Fund |
Institutional Series |
1.00% |
0.55% |
|
U.S. Equity | |||
|
TD North American Dividend Fund |
Institutional Series |
1.25% |
0.50% |
|
TD U.S. Blue Chip Equity Fund |
Institutional Series |
1.25% |
0.90% |
|
TD U.S. Mid-Cap Growth Fund |
Institutional Series |
1.25% |
0.90% |
|
International Equity | |||
|
TD Asian Growth Fund |
Institutional Series |
1.25% |
1.20% |
|
Sector Funds | |||
|
TD Resource Fund |
Investor Series |
1.85% |
1.80% |
|
TD Resource Fund |
Advisor Series |
1.85% |
1.80% |
|
TD Resource Fund |
F-Series |
1.00% |
0.95% |
|
Index Funds | |||
|
TD Canadian Bond Index Fund |
Institutional Series |
0.50% |
0.35% |
|
TD Canadian Bond Index Fund |
e-Series |
0.50% |
0.45% |
|
TD Canadian Index Fund |
Institutional Series |
0.50% |
0.30% |
|
TD Canadian Index Fund |
e-Series |
0.35% |
0.30% |
|
TD Dow Jones Industrial Average Index Fund |
e-Series |
0.35% |
0.30% |
|
TD U.S. Index Fund |
Institutional Series |
0.50% |
0.35% |
|
TD U.S. Index Currency Neutral Fund |
Institutional Series |
0.50% |
0.35% |
|
TD U.S. Index Currency Neutral Fund |
e-Series |
0.50% |
0.45% |
|
TD Nasdaq Index Fund |
Investor Series |
1.00% |
0.90% |
|
TD Nasdaq Index Fund |
e-Series |
0.50% |
0.45% |
|
TD International Index Fund |
Institutional Series |
0.50% |
0.45% |
|
TD International Index Fund |
e-Series |
0.50% |
0.45% |
|
TD International Index Currency Neutral Fund |
e-Series |
0.50% |
0.45% |
|
TD European Index Fund |
Investor Series |
1.00% |
0.90% |
|
TD European Index Fund |
e-Series |
0.50% |
0.45% |
|
Epoch Funds | |||
|
Epoch U.S. Large-Cap Value Fund |
Institutional Series |
1.25% |
0.80% |
|
Epoch European Equity Fund |
F-Series |
1.25% |
1.00% |
|
Mutual Funds |
Series |
Current maximum |
Annual |
|
TD Managed Pools | |||
|
TD Risk Management Pool |
W-Series |
1.00% |
0.60% |
|
TD Advantage Portfolios | |||
|
TD Advantage Balanced Income Portfolio |
Investor Series |
1.70% |
1.65% |
|
TD Advantage Balanced Income Portfolio |
Advisor Series |
1.70% |
1.65% |
|
TD Advantage Balanced Income Portfolio |
F-Series |
0.85% |
0.75% |
|
TD Advantage Balanced Income Portfolio |
H-Series |
1.70% |
1.65% |
|
TD Advantage Balanced Income Portfolio |
S-Series |
0.85% |
0.75% |
|
TD Advantage Balanced Income Portfolio |
T-Series |
1.70% |
1.65% |
|
TD Advantage Balanced Portfolio |
Investor Series |
1.85% |
1.75% |
|
TD Advantage Balanced Portfolio |
Advisor Series |
1.85% |
1.75% |
|
TD Advantage Balanced Portfolio |
F-Series |
0.90% |
0.85% |
|
TD Advantage Balanced Portfolio |
H-Series |
1.85% |
1.75% |
|
TD Advantage Balanced Portfolio |
S-Series |
0.90% |
0.85% |
|
TD Advantage Balanced Portfolio |
T-Series |
1.85% |
1.75% |
|
TD Advantage Balanced Growth Portfolio |
Investor Series |
1.90% |
1.85% |
|
TD Advantage Balanced Growth Portfolio |
Advisor Series |
1.90% |
1.85% |
|
TD Advantage Balanced Growth Portfolio |
F-Series |
1.00% |
0.95% |
|
TD Advantage Balanced Growth Portfolio |
H-Series |
1.90% |
1.85% |
|
TD Advantage Balanced Growth Portfolio |
S-Series |
1.00% |
0.95% |
|
TD Advantage Balanced Growth Portfolio |
T-Series |
1.90% |
1.85% |
|
TD Advantage Growth Portfolio |
Investor Series |
2.00% |
1.90% |
|
TD Advantage Growth Portfolio |
Advisor Series |
2.00% |
1.90% |
|
TD Advantage Aggressive Growth Portfolio |
Investor Series |
2.00% |
1.90% |
|
TD Advantage Aggressive Growth Portfolio |
Advisor Series |
2.00% |
1.90% |
|
TD Comfort Aggressive Growth Portfolio |
Investor Series |
1.95% |
1.90% |
|
Mutual Funds |
Series |
Current maximum |
Annual |
|
Corporate Class Funds | |||
|
TD Short Term Investment Class |
Investor Series |
1.00% |
0.90% |
|
TD Short Term Investment Class |
Advisor Series |
1.00% |
0.90% |
|
TD Short Term Investment Class |
F-Series |
0.75% |
0.65% |
The risk rating change, name change and annual management fee rate disclosure change will be reflected in the renewal of the simplified prospectus of the TD Mutual Funds.
TD Asset Management Inc.
TD Asset Management (TDAM), a member of TD Bank Group, is a North American investment management firm. Operating through TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S., TDAM brings new thinking to investors' most important challenges. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Collectively, TDAM manages C$347 billion in assets as at June 30, 2017.
SOURCE TD Asset Management Inc.
