TD Asset Management will implement changes to TD Mutual Funds, including lower fees, name changes, and adjusted risk ratings
TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, has announced changes to the TD Mutual Funds line-up, effective on or about July 25.
The TD Mutual Funds Simplified Prospectus and Fund Facts will reflect these changes, which TDAM will file on or about July 25.
Lower Management and Administration Fees
Starting July 25, TDAM will reduce the management and administration fees for specific series of the Funds as shown below:
|
TD Mutual Fund |
Series |
Current Management Fee |
New Management Fee |
|---|---|---|---|
|
TD High Yield Bond Fund |
Investor Series, H8 Series, Advisor Series, T8 Series |
1.45% |
1.20% |
|
D Series |
0.95% |
0.70% |
|
|
F Series, FT5 Series, FT8 Series |
0.85% |
0.70% |
|
TD Mutual Fund |
Series |
Current Administration Fee |
New Administration Fee |
|---|---|---|---|
|
TD Global Income Fund |
Investor Series, H5 Series, D-Series, Advisor Series, T5 Series |
0.20% |
0.15% |
|
TD Global Core Plus Bond Fund |
Investor Series, H5 Series, D-Series, Advisor Series, T5 Series |
0.20% |
0.15% |
|
TD Global Unconstrained Bond Fund |
Investor Series, H5 Series, D-Series, Advisor Series, T5 Series |
0.20% |
0.15% |
Name Changes
The following Funds will undergo name changes:
|
Current Name |
New Name |
|---|---|
|
TD US Quantitative Equity Fund |
TD US Disciplined Equity Alpha Fund™ |
|
TD Global Equity Growth Fund |
TD Global Capital Reinvestment Fund |
|
TD Global Equity Growth Class |
TD Global Capital Reinvestment Class |
The investment objectives and strategies of the Funds will remain unchanged despite the name changes.
Risk Rating Changes
The risk ratings for certain Funds will change as indicated below:
|
TD Mutual Fund |
Current Risk Rating |
New Risk Rating |
|---|---|---|
|
TD Global Conservative Opportunities Fund |
Low |
Low to Medium |
|
TD US Equity Focused Currency Neutral Fund |
Medium |
Medium to High |
|
TD US$ Retirement Portfolio |
Low |
Low to Medium |
|
TD Comfort Balanced Income Portfolio |
Low |
Low to Medium |
TDAM conducts an annual review to determine the risk level of publicly offered investment funds. These risk rating changes do not alter the investment objectives, strategies, or management of the Funds.
The changes adhere to the standardized risk classification methodology mandated by the Canadian Securities Administrators (CSA).
