TORONTO, June 5, 2024
/CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual
Funds, today announced its intention to terminate the following
funds (the "Terminating Funds") on or about October 25, 2024 (the "Termination Date"), to
simplify its offering line-up and continue to 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
Effective today, the Terminating Funds will no longer accept
additional purchases, including purchases made through
Pre-Authorized Contribution Plans.
Securityholders of the Terminating Funds are encouraged to
contact their investment professional to discuss the terminations
and their investment options. Securityholders may redeem or switch
their holdings in a Terminating Fund for settlement on, or prior
to, the close of business on the Termination Date in accordance
with the Terminating Funds' simplified prospectus. TDAM will not
charge securityholders 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 U.S.
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 Termination Date,
the proceeds from the termination will be deposited to 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 prior to
termination.
In addition, TDAM announced its intention to terminate TD
Alternative Risk Reduction Pool, on or about July 19th, 2024.
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 $454
billion in assets. Aggregate statistics are as of
March 31, 2024 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.
The TD Alternative Risk Reduction Pool (the "Pool") is an
alternative mutual fund. The Pool has the ability to invest in
asset classes or use investment strategies that are not permitted
for conventional mutual funds. The specific strategies that
differentiate the Pool from conventional mutual funds may include
the increased use of derivatives for hedging and non-hedging
purposes, the increased ability to sell securities short and the
ability to borrow cash to use for investment purposes. If
undertaken, these strategies will be used in accordance with the
Pool's objectives and strategies, and during certain market
conditions, may accelerate the pace at which the Pool decreases in
value.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
fund facts and prospectus, which contain detailed investment
information, before investing. Mutual funds are not guaranteed or
insured, their values change frequently, and past performance may
not be repeated.
TD Mutual Funds and the TD Managed Assets Program portfolios are
managed by TDAM, a wholly-owned subsidiary of The Toronto-Dominion
Bank and are available through authorized dealers.
® The TD logo and other TD trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
SOURCE TD Asset Management Inc.
