TORONTO, Sept. 24, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of TD Mutual Funds, announced today that it has chosen to
charge a lower management fee than the management fee set out in the
prospectus on nine funds.
While the maximum management fee remains unchanged, TDAM has chosen to
charge a lower management fee on select fixed income, U.S. equity, and
global equity funds, as outlined below:
|
Fund Name
|
Series
|
Maximum
Management
Fee* (%)
|
Previous
Fee
Charged**
(%)
|
New Fee
Charged***
(%)
|
|
Fixed Income Funds
|
|
TD Global Bond Fund
|
Investor
|
1.75
|
1.75
|
1.35
|
|
Advisor
|
1.75
|
1.75
|
1.35
|
|
TD High Yield Bond Fund
|
Investor
|
1.75
|
1.65
|
1.45
|
|
Advisor
|
1.75
|
1.65
|
1.45
|
|
H
|
1.75
|
1.65
|
1.45
|
|
T
|
1.75
|
1.65
|
1.45
|
|
U.S. Equity Funds
|
|
TD U.S. Large-Cap Value Fund
|
Investor
|
2.00
|
2.00
|
1.85
|
|
Advisor
|
2.00
|
2.00
|
1.85
|
|
TD North American Dividend Fund
|
Investor
|
2.00
|
2.00
|
1.85
|
|
Advisor
|
2.00
|
2.00
|
1.85
|
|
Global Equity Funds
|
|
TD International Growth Fund
|
Investor
|
2.15
|
2.15
|
2.00
|
|
Advisor
|
2.15
|
2.15
|
2.00
|
|
TD European Growth Fund
|
Investor
|
2.25
|
2.25
|
2.00
|
|
TD International Index Fund
|
Investor
|
1.25
|
1.25
|
0.90
|
|
Corporate Class
|
|
TD U.S. Large-Cap Value Class
|
Investor
|
2.00
|
2.00
|
1.85
|
|
Advisor
|
2.00
|
2.00
|
1.85
|
|
TD International Growth Class
|
Investor
|
2.15
|
2.15
|
2.00
|
|
Advisor
|
2.15
|
2.15
|
2.00
|
-
*The maximum management fee as stated in the prospectus remains
unchanged for the funds noted above. TDAM reserves the right to charge
up to the maximum management fee at any time without notice.
-
**Management Fee charged prior to September 9th 2013.
-
*** Effective September 9, 2013, TDAM began charging a lower management
fee for the funds noted above such that the annualized daily rate is as
reflected in the table.
For more information on these funds, please visit https://www.tdassetmanagement.com/home/index.jsp
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of 74
mutual funds, 28 professionally managed portfolios and 20 corporate
class funds. TDAM manages retail mutual fund assets on behalf of more
than 1.8 million investors and TD Mutual Funds is one of the most
broadly diversified fund families in Canada. Funds are available at TD
Canada Trust branches (through TD Investment Services Inc.
representatives), TD Direct Investing, TD Wealth Financial Planning and
TD Wealth Private Investment Advice, as well as leading investment
dealers, independent brokers, advisors and financial planners. As of
August 31, 2013, TDAM was the fourth largest mutual fund company in
Canada, with CDN$75.2 billion invested in TD Mutual Funds.
SOURCE TD Asset Management Inc.
For media inquiries, please contact: Amanda Tran, TD Bank Group, 416-983-7212
amanda.tran@td.com
Copyright CNW Group 2013