TD Asset Management Inc. announces changes to certain TD Managed Assets Program Portfolios
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TORONTO, Oct. 24, 2018 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Managed Assets Program (TD MAP) Portfolios, announced today the renaming of its cash flow series options for TD Managed Portfolios and TD FundSmart Managed Portfolios. This change is intended to reflect the 5% target annualized distribution rate within the series name to help provide better transparency on the target annualized distribution rate of each series.
Portfolio | Cash Flow Series Renaming | |||||
Formerly H | Formerly T | Formerly S | Formerly | Formerly | Target | |
H5 Series | T5 Series | FT5 Series | WT5 Series | K5 Series | – | |
TD Managed Income Portfolio | X | X | X | X | X | 5% |
TD Managed Income & | X | X | X | X | X | 5% |
TD Managed Balanced Growth | X | X | X | X | X | 5% |
TD FundSmart Managed | X | X | – | – | X | 5% |
TD FundSmart Managed | X | X | – | – | X | 5% |
The TD Managed and TD FundSmart Managed Portfolios are diversified, professionally managed mutual fund solutions tailored to help meet the needs of various investors with certain investment objectives, risk tolerances, time horizons and return expectations. These changes aim to help simplify the cash flow series options for these portfolios, seeking to make it easier for investors to understand the target annualized distribution rate they may expect to potentially receive from their investment.
Additionally, the following TD MAP Portfolios will be changing their risk ratings as indicated below. These changes will be reflected in the TD MAP Simplified Prospectus and Fund Facts that will be filed on or about October 25, 2018.
Portfolio | Current Risk Rating | New Risk Rating |
TD Managed Income Portfolio | Low to Medium | Low |
TD Managed Index Income Portfolio | Low to Medium | Low |
TD Managed Income ETF Portfolio | Low to Medium | Low |
The risk rating changes are based on the 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 portfolios. A summary of the CSA's risk classification methodology and the investment objectives and strategies can be found in the applicable TD MAP Simplified Prospectus available at https://tdassetmanagement.com.
If you have any questions, further information on any of the portfolios discussed can be accessed via the link provided above.
About 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. Asset management businesses at TD manage $356 billion in assets as at September 30, 2018. Assets under management include TD Asset Management Inc., TDAM USA Inc. and Epoch Investment Partners Inc. (Epoch). Epoch is a wholly owned subsidiary of The Toronto-Dominion Bank and an affiliate of TD Asset Management Inc.
SOURCE TD Asset Management Inc.
