TORONTO, Oct. 24, 2017 /CNW/ - TD Asset Management Inc. (TDAM), the manager of the TD Managed Assets Program (MAP), today announced changes to the management fee disclosure of the funds in TD MAP Portfolios. 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 October 26, 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 each series of each of the TD Managed Portfolios, TD FundSmart Managed Portfolios and TD Managed Index Portfolios under TD MAP, the specified annual management fee rate that will be disclosed will be a different rate than the maximum annual fee rate that is currently disclosed in the simplified prospectus. Certain series of certain funds also have capped management expense ratios (MER), as disclosed in the simplified prospectus. The disclosed rate of the capped MERs for some of these series will be reduced.
These changes are not expected to result in a material difference in the annual management fees or MERs charged to the funds in respect of affected series. The annual management fee rates and capped MERs, if any, of the applicable series of the funds will be as follows:
| Mutual Fund |
Series |
Current |
Annual |
Current |
New Maximum |
||||||
| TD Managed Portfolios |
|||||||||||
| TD Managed Income Portfolio |
Investor Series |
2.10% |
1.70% |
2.10% |
1.90% |
||||||
| TD Managed Income Portfolio |
H-Series |
2.10% |
1.70% |
2.10% |
1.90% |
||||||
| TD Managed Income Portfolio |
Premium Series |
1.60% |
1.50% |
1.60% |
1.60% |
||||||
| TD Managed Income Portfolio |
K-Series |
1.60% |
1.50% |
1.60% |
1.60% |
||||||
| TD Managed Income Portfolio |
Advisor Series |
2.35% |
1.70% |
2.35% |
1.90% |
||||||
| TD Managed Income Portfolio |
T-Series |
2.35% |
1.70% |
2.35% |
1.90% |
||||||
| TD Managed Income Portfolio |
F-Series |
0.75% |
0.70% |
n/a |
n/a |
||||||
| TD Managed Income Portfolio |
S-Series |
0.75% |
0.70% |
n/a |
n/a |
||||||
| TD Managed Income & Moderate Growth Portfolio |
Investor Series |
2.30% |
1.90% |
2.30% |
2.10% |
||||||
| TD Managed Income & Moderate Growth Portfolio |
H-Series |
2.30% |
1.90% |
2.30% |
2.10% |
||||||
| TD Managed Income & Moderate Growth Portfolio |
Premium Series |
1.80% |
1.70% |
1.80% |
1.80% |
||||||
| TD Managed Income & Moderate Growth Portfolio |
K-Series |
1.80% |
1.70% |
1.80% |
1.80% |
||||||
| TD Managed Income & Moderate Growth Portfolio |
Advisor Series |
2.55% |
1.90% |
2.55% |
2.10% |
||||||
| TD Managed Income & Moderate Growth Portfolio |
T-Series |
2.55% |
1.90% |
2.55% |
2.10% |
||||||
| TD Managed Income & Moderate Growth Portfolio |
F-Series |
0.95% |
0.80% |
n/a |
n/a |
||||||
| TD Managed Income & Moderate Growth Portfolio |
S-Series |
0.95% |
0.80% |
n/a |
n/a |
||||||
| TD Managed Balanced Growth Portfolio |
Investor Series |
2.45% |
2.00% |
2.45% |
2.25% |
||||||
| TD Managed Balanced Growth Portfolio |
H-Series |
2.45% |
2.00% |
2.45% |
2.25% |
||||||
| TD Managed Balanced Growth Portfolio |
Premium Series |
1.95% |
1.80% |
1.95% |
1.95% |
||||||
| TD Managed Balanced Growth Portfolio |
K-Series |
1.95% |
1.80% |
1.95% |
1.95% |
||||||
| TD Managed Balanced Growth Portfolio |
Advisor Series |
2.70% |
2.00% |
2.70% |
2.25% |
||||||
| TD Managed Balanced Growth Portfolio |
T-Series |
2.70% |
2.00% |
2.70% |
2.25% |
||||||
| TD Managed Balanced Growth Portfolio |
F-Series |
1.10% |
0.90% |
n/a |
n/a |
||||||
| TD Managed Balanced Growth Portfolio |
S-Series |
1.10% |
0.90% |
n/a |
n/a |
||||||
| TD Managed Aggressive Growth Portfolio |
Investor Series |
2.55% |
2.10% |
2.55% |
2.35% |
||||||
| TD Managed Aggressive Growth Portfolio |
Premium Series |
2.05% |
1.90% |
2.05% |
2.05% |
||||||
| TD Managed Aggressive Growth Portfolio |
Advisor Series |
2.80% |
2.10% |
2.80% |
2.35% |
||||||
| TD Managed Aggressive Growth Portfolio |
F-Series |
1.20% |
1.00% |
n/a |
n/a |
||||||
| TD Managed Maximum Equity Growth Portfolio |
Investor Series |
2.70% |
2.20% |
2.70% |
2.50% |
||||||
| TD Managed Maximum Equity Growth Portfolio |
Premium Series |
2.20% |
2.00% |
2.20% |
2.20% |
||||||
| TD Managed Maximum Equity Growth Portfolio |
Advisor Series |
2.95% |
2.20% |
2.95% |
2.50% |
||||||
| TD Managed Maximum Equity Growth Portfolio |
F-Series |
1.35% |
1.10% |
n/a |
n/a |
||||||
| TD FundSmart Managed Portfolios |
|||||||||||
| TD FundSmart Managed Income & Moderate Growth Portfolio |
Investor Series |
2.80% |
2.35% |
2.80% |
2.75% |
||||||
| TD FundSmart Managed Income & Moderate Growth Portfolio |
H-Series |
2.80% |
2.35% |
2.80% |
2.75% |
||||||
| TD FundSmart Managed Income & Moderate Growth Portfolio |
Premium Series |
2.25% |
2.00% |
2.25% |
2.25% |
||||||
| TD FundSmart Managed Income & Moderate Growth Portfolio |
K-Series |
2.25% |
2.00% |
2.25% |
2.25% |
||||||
| TD FundSmart Managed Income & Moderate Growth Portfolio |
Advisor Series |
2.90% |
2.35% |
2.90% |
2.75% |
||||||
| TD FundSmart Managed Income & Moderate Growth Portfolio |
T-Series |
2.90% |
2.35% |
2.90% |
2.75% |
||||||
| TD FundSmart Managed Balanced Growth Portfolio |
Investor Series |
2.95% |
2.50% |
2.95% |
2.90% |
||||||
| TD FundSmart Managed Balanced Growth Portfolio |
H-Series |
2.95% |
2.50% |
2.95% |
2.90% |
||||||
| TD FundSmart Managed Balanced Growth Portfolio |
Premium Series |
2.35% |
2.10% |
2.35% |
2.35% |
||||||
| TD FundSmart Managed Balanced Growth Portfolio |
K-Series |
2.35% |
2.10% |
2.35% |
2.35% |
||||||
| TD FundSmart Managed Balanced Growth Portfolio |
Advisor Series |
3.05% |
2.50% |
3.05% |
2.90% |
||||||
| TD FundSmart Managed Balanced Growth Portfolio |
T-Series |
3.05% |
2.50% |
3.05% |
2.90% |
||||||
| TD FundSmart Managed Aggressive Growth Portfolio |
Investor Series |
3.05% |
2.55% |
3.05% |
2.95% |
||||||
| TD FundSmart Managed Aggressive Growth Portfolio |
Premium Series |
2.40% |
2.15% |
2.40% |
2.40% |
||||||
| TD FundSmart Managed Aggressive Growth Portfolio |
Advisor Series |
3.15% |
2.55% |
3.15% |
2.95% |
||||||
| TD Managed Index Portfolios |
|||||||||||
| TD Managed Index Income Portfolio |
Investor Series |
1.50% |
1.35% |
1.50% |
1.50% |
||||||
| TD Managed Index Income Portfolio |
e-Series |
1.20% |
1.10% |
1.20% |
1.20% |
||||||
| TD Managed Index Income & Moderate Growth Portfolio |
Investor Series |
1.55% |
1.40% |
1.55% |
1.55% |
||||||
| TD Managed Index Income & Moderate Growth Portfolio |
e-Series |
1.25% |
1.15% |
1.25% |
1.25% |
||||||
| TD Managed Index Balanced Growth Portfolio |
Investor Series |
1.60% |
1.45% |
1.60% |
1.60% |
||||||
| TD Managed Index Balanced Growth Portfolio |
e-Series |
1.30% |
1.20% |
1.30% |
1.30% |
||||||
| TD Managed Index Aggressive Growth Portfolio |
Investor Series |
1.65% |
1.50% |
1.65% |
1.65% |
||||||
| TD Managed Index Aggressive Growth Portfolio |
e-Series |
1.35% |
1.25% |
1.35% |
1.35% |
||||||
| TD Managed Index Maximum Equity Growth Portfolio |
Investor Series |
1.70% |
1.55% |
1.70% |
1.70% |
||||||
| TD Managed Index Maximum Equity Growth Portfolio |
e-Series |
1.40% |
1.30% |
1.40% |
1.40% |
||||||
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$344 billion in assets as at September 30, 2017.
SOURCE TD Asset Management Inc.
Emily Vear, TD Bank Group, 416-983-2132, [email protected]
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