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.

Emily Vear, TD Bank Group, 416-983-2132, [email protected]