TD Asset Management Inc. announces reductions to management fees, changes to fund names and risk ratings for certain TD Mutual Funds

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 Portfolio	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.

Julie Bellissimo, TD Bank Group, [email protected]