TD Asset Management Inc. makes changes to risk rating on seven TD Mutual Funds and other changes to certain TD Mutual Funds

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.

For further information: Emily Vear, TD Bank Group, 416-983-2132, emily.vear@td.com


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