TDAM's suite of ETF portfolio solutions offers investors one of the lowest costs in Canada
TORONTO, Sept. 1, 2023 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of the TD One-Click Suite of Exchange-Traded Funds (individually a "TD ETF", and collectively, the "TD ETFs"), today initiated changes to streamline the TD ETFs. The changes, announced July 28, 2023, include modifications to the composition of the TD ETFs, names and ticker symbols, and a reduction in the management fees. The TD ETFs identified below now trade under their new ticker symbols and offer one of the lowest management fees for all-in-one ETF portfolios in Canada.
The changes do not require any action on the part of investors. The change in names and ticker symbols will automatically be reflected in an investor's account and statements. The reduction in management fees is effective August 31, 2023, while the changes in the composition of the portfolios will be implemented over several days.
Portfolio changes
TDAM has simplified the composition of the TD ETFs by modifying the construction of the portfolios. The TD ETFs now generally invest in broad market index funds versus a mix of active and indexed ETFs, while still offering investors exposure to more than 2,500 companies. Streamlining the portfolio construction by investing in index ETFs allows TDAM to provide investors with broad market exposure while reducing the management fees on all three TD ETFs.
The TD ETFs will be rebalanced by the Passive Equity team lead by Laurie-Anne Davison, CFA, CAIA, Vice President & Director, Lead of Passive Investing, TDAM, previously managed by the Asset Allocation team. The benchmarks and target asset mix will remain unchanged and rebalancing to the target weights will occur on a quarterly basis.
Name changes of TD ETFs
The TD ETFs are now trading under the new ticker symbols, as set out in the table below:
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Previous
Ticker
|
Previous TD ETF Name
|
New
Ticker
|
New TD ETF Name
|
|
TOCC
|
TD One-Click Conservative ETF Portfolio
|
TCON
|
TD Conservative ETF Portfolio
|
|
TOCM
|
TD One-Click Moderate ETF Portfolio
|
TBAL
|
TD Balanced ETF Portfolio
|
|
TOCA
|
TD One-Click Aggressive ETF Portfolio
|
TGRO
|
TD Growth ETF Portfolio
|
Management fees of TD ETFs
The TD ETFs now offer one of the lowest management fees for all-in-one ETF portfolios in Canada, as set out in the table below:
|
Ticker
|
TD ETF Name
|
Management Fee
|
Asset Mix
|
|
TCON
|
TD Conservative ETF Portfolio
|
0.15 %
|
30% Equity / 70% Fixed Income
|
|
TBAL
|
TD Balanced ETF Portfolio
|
0.15 %
|
60% Equity / 40% Fixed Income
|
|
TGRO
|
TD Growth ETF Portfolio
|
0.15 %
|
90% Equity / 10% Fixed Income
|
The changes noted above, including changes to the portfolio compositions, align with the investment objectives of each TD ETF and will allow each TD ETF to more closely track its benchmark. There are no changes to the distribution policy or risk rating of each TD ETF. There are no changes to the Committee on Uniform Securities Identification Procedures (CUSIP) and International Securities Identification Number (ISIN) identifiers of each ETF as a result of these changes.
An amendment to the offering documents of the TD ETFs was filed with the Canadian securities regulatory authorities on July 28, 2023. See the initial announcement on the changes to the TD One-Click Suite of ETFs here.
Additional information about TD ETFs including the prospectus and ETF Facts, can be found at www.TDAssetManagement.com. Information about the complete suite of TD ETFs is also available on the TD ETF Resource Centre.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and ETF Facts before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.
TD Bank Group means The Toronto-Dominion Bank and its affiliates, who provide deposit, investment, loan, securities, trust, insurance and other products or services.
®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 $423 billion in assets. Aggregate statistics are as of June 30, 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.
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