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
management fee
disclosed in simplified
prospectus
|
Annual
management fee
to be disclosed in
simplified
prospectus
effective on or
about July 27, 2017
|
|
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
management fee
disclosed in
simplified
prospectus
|
Annual
management fee
to be disclosed
in
simplified
prospectus
effective on or
about July 27, 2017
|
|
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
management fee
disclosed in
simplified
prospectus
|
Annual
management fee to
be disclosed in
simplified
prospectus
effective on or
about July 27, 2017
|
|
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 management
fee disclosed in
simplified
prospectus
|
Annual
management fee
disclosed in
simplified
prospectus effective
on or about
July 27, 2017
|
|
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.