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TD Asset Management Inc. Announces Fund Risk Rating and Short Term Trading Fee Period Changes
TORONTO, July 25, 2012 /CNW/ - TD Asset Management Inc. (TDAM), the manager of the TD Target Return Conservative Fund (the Fund), today announced a change to the risk rating of the Fund. The change is reflected in the Fund's updated simplified prospectus filed with Canadian securities regulators today.
The risk rating of the Fund has changed from "Low to Medium" to "Low" to reflect the Fund's risk level. No changes have been made to the investment objectives, strategies or management of the Fund, as set out in the updated simplified prospectus.
This Fund, along with the TD Target Return Balanced Fund, are the first funds in Canada to focus on seeking to achieve a defined target return. The investment strategies of these Funds provide the Portfolio Managers with the flexibility to choose from different asset classes and a wide range of investments, including defensive investments, globally.
"Lowering the TD Target Return Conservative Fund's risk rating better aligns it to the actual level of risk needed for the Fund to seek to achieve its objectives," says Sandra Cimoroni, President, TD Mutual Funds. "Investors can feel more secure knowing that the Fund has a low risk rating and may be appropriate as a substitute for fixed income investments in their portfolio."
In addition, TDAM is making changes to the Short Term Trading Fee period for the e-Series Funds, other than the TD Managed Index Portfolios. Effective on or about July 25, 2012, TDAM will reduce the Short Term Trading Fee period of e-Series Funds from 90 days to 30 days, aligning it with its Investor Series.
For more information on TD Asset Management and our investment solutions, please visit www.tdassetmanagement.com
About TD Asset Management Inc.
Under the TD Mutual Funds name, TD Asset Management (TDAM) provides a diverse range of over 70 mutual funds and 25 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 million investors and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Waterhouse Discount Brokerage, Financial Planning and Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of April 30, 2012, TDAM was the fourth largest mutual fund company in Canada, with $65.5 billion invested in TD Mutual Funds.
SOURCE: TD Bank Group
For media inquiries, please contact:
Ali Duncan Martin
TD Bank Group
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