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TD Asset Management Inc. Chooses to Charge Lower Management Fees on Select TD Mutual Funds
TORONTO, Sept. 24, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, announced today that it has chosen to charge a lower management fee than the management fee set out in the prospectus on nine funds.
While the maximum management fee remains unchanged, TDAM has chosen to charge a lower management fee on select fixed income, U.S. equity, and global equity funds, as outlined below:
|Fixed Income Funds|
|TD Global Bond Fund||Investor||1.75||1.75||1.35|
|TD High Yield Bond Fund||Investor||1.75||1.65||1.45|
|U.S. Equity Funds|
|TD U.S. Large-Cap Value Fund||Investor||2.00||2.00||1.85|
|TD North American Dividend Fund||Investor||2.00||2.00||1.85|
|Global Equity Funds|
|TD International Growth Fund||Investor||2.15||2.15||2.00|
|TD European Growth Fund||Investor||2.25||2.25||2.00|
|TD International Index Fund||Investor||1.25||1.25||0.90|
|TD U.S. Large-Cap Value Class||Investor||2.00||2.00||1.85|
|TD International Growth Class||Investor||2.15||2.15||2.00|
- *The maximum management fee as stated in the prospectus remains unchanged for the funds noted above. TDAM reserves the right to charge up to the maximum management fee at any time without notice.
- **Management Fee charged prior to September 9th 2013.
- *** Effective September 9, 2013, TDAM began charging a lower management fee for the funds noted above such that the annualized daily rate is as reflected in the table.
For more information on these funds, please visit https://www.tdassetmanagement.com/home/index.jsp
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of 74 mutual funds, 28 professionally managed portfolios and 20 corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.8 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 Direct Investing, TD Wealth Financial Planning and TD Wealth Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of August 31, 2013, TDAM was the fourth largest mutual fund company in Canada, with CDN$75.2 billion invested in TD Mutual Funds.
SOURCE TD Asset Management Inc.
For media inquiries, please contact: Amanda Tran, TD Bank Group, 416-983-7212
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