TORONTO, March 27, 2013 /CNW/ - TD Asset Management (TDAM), the manager of the TD Private Target Return 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 Conservative Fund and the TD Target Return Balanced Fund, is among 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. For more information on TD Asset Management and our investment solutions, please visit www.tdassetmanagement.com

About TD Asset Management
TD Asset Management (TDAM) is a fully integrated North American investment manager, with over CDN$211 billion in assets under management as of January 31, 2013. TDAM operates as TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and high net worth individuals. A cornerstone of the success of TDAM's investment strategies has been the firm's disciplined and risk-controlled approach to investment, along with its ability to innovate progressive solutions that meet clients' changing needs and objectives.

Under TD Private Funds, TDAM manages approximately CDN$8.0 billion in assets. TD Waterhouse Private Investment Counsel Inc. is one of Canada's largest private client money management firms. TD Waterhouse Private Investment Counsel's extensive network of professional portfolio managers provide discretionary investment management services to high net worth individuals and their families, small and mid-size corporations, charitable organizations and foundations, and executors and trustees from coast to coast.

SOURCE: TD Bank Group