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.
View original content: http://www.newswire.ca/en/releases/archive/July2018/18/c3013.html