TORONTO, July 18, 2018 /CNW/ - TD Asset Management Inc.
(TDAM), the manager of TD Mutual Funds, announced today its
intention to rename and expand its cash flow series options, launch
new TD Mutual Funds series options and make changes to certain TD
Mutual Funds, subject to filing of the TD Mutual Funds Simplified
Prospectus and regulatory approval.
These changes are designed to provide investors with a broader
range of portfolio diversification choices and help strengthen
TDAM's existing lineup of investment solutions.
Cash flow series name changes and extensions
On or about July 26, 2018, TDAM
will rename its existing suite of cash flow series options to
provide better transparency and increase the ease of use of the
series. This change will include the target annualized distribution
rate in the series name, either 5% or 8% depending on the fund.
Additionally, on or about August 16,
2018, TDAM will launch new FT5 Series extensions to provide
two payout rate options (5% and 8%) on select existing fee-based
cash flow series. The table below denotes the cash flow series name
changes as well as the new series extensions.
Funds
|
New Rebranded Cash
Flow Series
|
Formerly
H-Series
|
Formerly
T‑Series
|
Formerly
S-Series
|
H5
|
H8
|
T5
|
T8
|
FT5
|
FT8
|
Fixed
Income
|
TD Income Advantage
Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Global Income
Fund
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Global Core Plus
Bond Fund
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Global
Unconstrained Bond Fund
|
X
|
-
|
X
|
-
|
X
|
-
|
TD High Yield Bond
Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
Balanced
|
TD Dividend Income
Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD Monthly Income
Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD Diversified
Monthly Income Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD U.S. Monthly
Income Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD U.S. Monthly
Income Fund - C$
|
-
|
X
|
-
|
X
|
New
|
X
|
TD Tactical Monthly
Income Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD Strategic Yield
Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
Canadian
Equity
|
TD Canadian Low
Volatility Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD Dividend Growth
Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
U.S.
Equity
|
TD U.S. Low
Volatility Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD U.S. Low
Volatility Currency Neutral Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD North American
Dividend Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD U.S. Dividend
Growth Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD U.S. Risk Managed
Equity Fund
|
X
|
-
|
X
|
-
|
X
|
-
|
Global
Equity
|
TD Global Risk
Managed Equity Fund
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Global Low
Volatility Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
TD Emerging Markets
Low Volatility Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
Epoch
Funds
|
Epoch Global
Shareholder Yield Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
Epoch Global
Shareholder Yield Currency Neutral Fund
|
-
|
X
|
-
|
X
|
-
|
X
|
Epoch U.S.
Shareholder Yield Fund
|
-
|
X
|
-
|
X
|
New
|
X
|
Retirement
Portfolios
|
TD Retirement
Conservative Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Retirement
Balanced Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
TD US$ Retirement
Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Advantage
Investment Portfolios
|
TD Advantage Balanced
Income Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Advantage Balanced
Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
TD Advantage Balanced
Growth Portfolio
|
X
|
-
|
X
|
-
|
X
|
-
|
These changes are designed to simplify and expand TDAM's cash
flow series options, seeking to make it easier for investors to
choose the most suitable TDAM investment product to help meet their
needs.
Launch of F-Series for TD Comfort Portfolios
On or about August 16, 2018, TDAM
will launch F-Series on the TD Comfort Portfolios to allow for
in-kind transfers of Investor Series TD Comfort Portfolios to a
fee-based platform without triggering capital gains for clients
holding assets in non-registered accounts.
TD Comfort
Portfolios
|
New
Series
|
TD Comfort
Conservative Income Portfolio
|
F-Series
|
TD Comfort Balanced
Income Portfolio
|
F-Series
|
TD Comfort Balanced
Portfolio
|
F-Series
|
TD Comfort Balanced
Growth Portfolio
|
F-Series
|
TD Comfort Growth
Portfolio
|
F-Series
|
TD Comfort Aggressive
Growth Portfolio
|
F-Series
|
Addition of USD purchase options on certain F-Series of
existing TD Mutual Funds
On or about August 16, 2018, TDAM
will add 14 U.S. dollar purchase
options on certain F-Series of existing TD Mutual Funds. These new
USD purchase options are designed to provide investors with a
broader spectrum of investment alternatives to help meet their
portfolio needs.
New USD Purchase
Options
|
Series
|
Fixed
Income
|
TD Global Core Plus
Bond Fund
|
F-Series
|
TD High Yield
Fund
|
F-Series
|
U.S.
Equity
|
TD North American
Dividend Fund
|
F-Series
|
TD U.S. Small-Cap
Equity Fund
|
F-Series
|
Global
Equity
|
TD Global Risk
Managed Equity Fund
|
F-Series
|
TD Global Low
Volatility Fund
|
F-Series
|
Epoch Global Equity
Fund
|
F-Series
|
Epoch International
Equity Fund
|
F-Series
|
TD International
Growth Fund
|
F-Series
|
TD Emerging Markets
Low Volatility Fund
|
F-Series
|
TD Emerging Markets
Fund
|
F-Series
|
Sector
Funds
|
TD Global
Entertainment & Communications Fund
|
F-Series
|
TD Science &
Technology Fund
|
F-Series
|
TD Health Sciences
Fund
|
F-Series
|
Fee reductions for TD U.S. Equity Portfolio and Epoch Global
Shareholder Yield Fund
On or about July 26, 2018, TDAM
will lower the administration fee for the TD U.S. Equity Portfolio
as set out in the TD Mutual Funds Simplified Prospectus – reducing
the administration fee from 0.30% to 0.08% on Investor and D-Series
units of the funds. This change is not expected to result in a
material reduction in the management fees which have been charged
in respect to the affected series of the fund.
Series
|
Old Administration
Fee
|
New Administration
Fee
|
Investor Series
(C$)
|
0.30%
|
0.08%
|
D-Series
(C$)
|
0.30%
|
0.08%
|
Advisor Series
(C$)
|
N/A
|
N/A
|
F-Series
(C$)
|
N/A
|
N/A
|
In addition, TDAM will reduce the management fee on
Institutional Series of the Epoch Global Shareholder Yield Fund –
from 1.00% to 0.95%, in an effort to help provide better value for
institutional investors.
TD Entertainment & Communications Fund name
change
Effective on or about July 26,
2018, TDAM will change the name of the TD Entertainment
& Communications Fund to TD Global Entertainment &
Communications Fund.
TDAM is changing the name of the TD Entertainment &
Communications Fund to better reflect the underlying geographic
asset allocation of the fund. The investment objectives and
investment strategies of the fund will remain the same.
Risk rating changes to certain TD Mutual Funds
On or about July 26, 2018, the following TD Mutual Funds
will be changing their risk ratings as indicated below. These
changes will be reflected in the funds' Simplified Prospectus and
Fund Facts that will be filed on or about July 26, 2018.
TD Mutual
Fund
|
Previous Risk
Rating
|
New Risk
Rating
|
Risk Rating
Decreases
|
TD Fixed Income
Pool
|
Low to
Medium
|
Low
|
TD U.S. Mid-Cap
Growth Fund
|
Medium to
High
|
Medium
|
TD U.S. Mid-Cap
Growth Class
|
Medium to
High
|
Medium
|
TD Emerging Markets
Low Volatility Fund
|
Medium to
High
|
Medium
|
TD Asian Growth
Fund
|
High
|
Medium to
High
|
TD Emerging Markets
Fund
|
High
|
Medium to
High
|
TD Emerging Markets
Class
|
High
|
Medium to
High
|
TD Global
Entertainment & Communications Fund
|
High
|
Medium to
High
|
TD Science &
Technology Fund
|
High
|
Medium to
High
|
TD Health Sciences
Fund
|
High
|
Medium to
High
|
The risk rating changes are based on the 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.
For more information or to see the applicable TD Mutual Funds
Simplified Prospectus for the any of the funds discussed in this
release, please visit https://www.tdassetmanagement.com/
About 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. Asset management businesses at TD manage
$357 billion in assets as at
June 30, 2018. Assets under
management include TD Asset Management Inc., TDAM USA Inc. and Epoch Investment Partners Inc.
(Epoch). Epoch is a wholly owned subsidiary of The Toronto-Dominion
Bank and an affiliate of TD Asset Management Inc.
SOURCE TD Asset Management Inc.