TD Asset Management Inc. will terminate several funds to streamline its offerings and deliver value to clients
TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, has announced its plan to terminate the following funds on or about October 25, to simplify its offering line-up and deliver value to its clients:
- TD Advantage Balanced Income Portfolio
- TD Advantage Balanced Portfolio
- TD Advantage Balanced Growth Portfolio
- TD Managed Index Income Portfolio
- TD Managed Index Income & Moderate Growth Portfolio
- TD Managed Index Balanced Growth Portfolio
- TD Managed Index Aggressive Growth Portfolio
- TD Managed Index Maximum Equity Growth Portfolio
- TD Global Equity Income Pool
- TD Global Equity Income Balanced Pool
- TD North American Small-Cap Equity Fund
- TD Real Return Bond Fund
As of today, these Terminating Funds will no longer accept additional purchases, including those made through Pre-Authorized Contribution Plans.
Securityholders should contact their investment professional to discuss the terminations and their investment options.
Securityholders can redeem or switch their holdings in a Terminating Fund for settlement on, or before, the close of business on the Termination Date, following the Terminating Funds' simplified prospectus.
TDAM will not impose any short-term trading fees, switch fees, sales charges, or other fees related to transactions involving the Terminating Funds.
On the Termination Date, TDAM will liquidate the holdings of the Terminating Funds at fair market value, determine distributions, and distribute the net assets to securityholders.
For Client Name Accounts:
If securities of the Terminating Funds held in a registered account are not redeemed or switched on or before the Termination Date, the proceeds from the termination will be switched to the applicable series of TD Canadian Money Market Fund or TD US Money Market Fund (US$) with the equivalent currency.
If securities of the Terminating Funds held in a non-registered account are not redeemed or switched on or before the Termination Date, the proceeds from the termination will be deposited into the bank account on file or, where bank account information is unavailable, a cheque will be issued.
For Client Nominee Accounts:
If securities of the Terminating Funds held in a nominee account under a dealer name are not redeemed or switched on or before the Termination Date, the proceeds from the termination will be paid to the cash position in the applicable nominee account.
A notice will be sent to each securityholder of the Terminating Funds regarding the terminations at least 60 days before termination.
Additionally, TDAM announced its intention to terminate TD Alternative Risk Reduction Pool on or about July 19.
