TD Asset Management Inc. announces reductions to management fees, changes to fund names and risk ratings for certain TD Mutual Funds
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TORONTO, July 17, 2023 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds, announced today several changes to the TD Mutual Funds (the "Funds") line-up, effective on or about July 27, 2023 (the "Effective Date").
The following changes will be reflected in the TD Mutual Funds Simplified Prospectus and Fund Facts that will be filed on or about July 27, 2023.
Lower management fees
As of the Effective Date, TDAM will lower the management fees for select series of the Funds as set out in the table below:
TD Mutual Fund | Series | Current Management Fee | New Management Fee |
TD Canadian Bond Fund | D, F | 0.55 % | 0.50 % |
TD Canadian Money Market Fund | Advisor, Investor | 0.65 % | 0.50 % |
D, F | 0.40 % | 0.25 % | |
Institutional | 0.30 % | 0.25 % | |
TD Short Term Bond Fund | D, F | 0.55 % | 0.50 % |
TD Ultra Short Term Bond Fund | D, F | 0.55 % | 0.45 % |
TD U.S. Money Market Fund | Investor | 0.65 % | 0.50 % |
D, F | 0.40 % | 0.25 % |
Risk rating changes
As of the Effective Date, the risk ratings for certain Funds will be changing as indicated below:
TD Mutual Fund | Current Risk Rating | New Risk Rating |
Risk Rating Decreases | ||
TD Tactical Pool | Medium | Low to Medium |
TD Tactical Pool Class | Medium | Low to Medium |
Risk Rating Increases | ||
TD Advantage Balanced Income | Low | Low to Medium |
TD Science & Technology Fund | Medium to high | High |
TD U.S. Blue Chip Equity Fund | Medium | Medium to High |
TD U.S. Dividend Growth Fund | Low to Medium | Medium |
There are no changes to the investment objectives, strategies or management of the Funds associated with the new risk ratings.
The risk rating changes are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators (the "CSA") and an annual review conducted by TDAM to determine the risk level of publicly offered investment funds. A summary of the CSA's risk classification methodology, as well as the investment objectives and strategies for the Funds can be found in the TD Mutual Funds' simplified prospectus, available on TDAM's website, as noted below, or on SEDAR at www.sedar.com.
Name changes
TDAM is changing the names of the following Funds to simplify the naming convention across the TD Mutual Funds line-up. As of the Effective Date, the following Funds will undergo a name change as indicated below:
Current Name | New Name |
Epoch Global Equity Fund | TD Global Equity Growth Fund |
Epoch Global Shareholder Yield Fund | TD Global Shareholder Yield Fund |
Epoch International Equity Fund | TD International Equity Fund |
Epoch U.S. Large-Cap Value Fund | TD U.S. Large-Cap Value Fund |
Epoch U.S. Shareholder Yield Fund | TD U.S. Shareholder Yield Fund |
Epoch Global Equity Class | TD Global Equity Growth Class |
Epoch U.S. Large-Cap Value Class | TD U.S. Large-Cap Value Class |
TD International Stock Fund | TD International Equity Focused Fund |
TD International Stock Class | TD International Equity Focused Class |
The investment objectives and investment strategies of the Funds will not change as a result of the above name changes.
For more information regarding TD Mutual Funds, visit TDAssetManagement.com.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed or insured. Their values change frequently. There can be no assurances that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated. Mutual fund strategies and current holdings are subject to change.
TD Mutual Funds and the TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank and are available through authorized dealers.
®The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.
About TD Asset Management Inc.
TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. 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 $421 billion in assets. Aggregate statistics are as of March 31, 2023 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank.
SOURCE TD Asset Management Inc.
