TORONTO, Aug. 6, 2014 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds announced changes to the TD U.S. Equity Portfolio and TD U.S. Equity Currency Neutral Portfolio (the "Portfolios") effective July 28, 2014.

The TD U.S. Low Volatility Fund and TD U.S. Quantitative Equity Fund have been added to the Portfolios, while exposure to the TD U.S. Blue Chip Equity Fund and the Epoch U.S. Large-Cap Value Fund¹ has been reduced to allow for the new allocations.

The changes provide the Portfolios with greater diversification across sectors and investment styles to enhance performance potential in a variety of market conditions and help reduce the expected volatility of the Portfolios when equity markets are under pressure.

Additionally, TDAM announced it has chosen to charge a lower management fee than the management fee set out in the prospectus for each Portfolio. While the maximum management fee remains unchanged, TDAM has chosen to charge a lower management fee on the Portfolios, as outlined below:

¹TD U.S. Large-Cap Value Fund was renamed Epoch U.S. Large-Cap Value Fund, effective July 24, 2014. 
²The 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.
³Management Fee charged prior to July 28 2014.
⁴Effective July 28, 2014, TDAM began charging a lower management fee for the funds noted above such that the annualized daily rate is as reflected in the table

About TD Asset Management Inc.
TDAM offers a diverse range of over 120 investment solutions including mutual funds, professionally managed portfolios and corporate class funds. As of June 30, 2014 TDAM manages retail mutual fund assets on behalf of more than 1.9 million investors and offers 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 June 30, 2014, TDAM was the fourth largest mutual fund company in Canada, with CDN$90 billion invested in TD Mutual Funds (Source: IFIC).

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SOURCE TD Asset Management Inc.