TORONTO, Sept. 19, 2018 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of the TD Exchange-Traded Funds (individually a "TD ETF", and collectively, the "TD ETFs"), today announced changes to the underlying indices of, and certain other changes to, the TD ETFs. All of the changes described below will be effective on or about November 20, 2018. TDAM will provide at least 30 days' prior written notice regarding the applicable changes, to unitholders of record as of September 28^th, 2018 of each TD ETF.

Index changes

TDAM is changing the underlying index of each TD ETF from an index provided by S&P Opco, LLC, a subsidiary of S&P Dow Jones Indices LLC ("S&P") to an index provided by Solactive AG ("Solactive").

The table below sets out the name of the current and new underlying index.  Information about the Solactive indices are available at solactive.com.

Name changes of certain TD ETFs

As a result of the change in the underlying index, the names of three TD ETFs are also changing, as set out in the table below:

Lower management fees on select TD ETFs

TDAM will lower the management fee on select TD ETFs as set out in the table below:

The changes to the underlying indices described above align with the current investment objectives and strategies of each TD ETF and will provide investors with substantially the same exposure to the asset classes, sectors and/or geographic regions to which each TD ETF is currently exposed. There will be no changes to the distribution policy or risk rating of each TD ETF.

An amendment to the offering documents of the TD ETFs will be filed with the Canadian securities regulatory authorities on or about September 20, 2018.

Additional information

S&P related disclosure
The S&P 500® index, the S&P 500® CAD Hedged index, the S&P EPAC Ex-Korea LargeMidCap index, the S&P EPAC Ex-Korea LargeMidCap CAD hedged index, the S&P Canada Aggregate Bond index and the S&P/TSX Capped Composite index (collectively, the "Indices") are  products of S&P Dow Jones Indices LLC ("SPDJI"), and have been licensed for use by TD Asset Management Inc. ("TDAM").  Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones");TSX is a registered Trademark of TSX Inc.; and These trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by TDAM.  TD S&P 500 Index ETF, TD S&P 500 CAD Hedged Index ETF, TD International Equity Index ETF, TD International Equity CAD Hedged Index ETF, TD Canadian Aggregate Bond Index ETF and TD S&P/TSX Capped Composite Index ETF are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of any of the Indices.

Solactive related disclosure
The TD Canadian Aggregate Bond Index ETF, TD S&P/TSX Capped Composite Index ETF, TD S&P 500 Index ETF, TD S&P 500 CAD Hedged Index ETF, TD International Equity Index ETF, and TD International Equity CAD Hedged Index ETF are not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Solactive Canadian Select Universe Bond Index, Solactive Canada Broad Market Index (CA NTR), Solactive US Large Cap CAD Index (CA NTR), Solactive US Large Cap Hedged to CAD Index (CA NTR), Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), and Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index (CA NTR) are calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the TD ETFs. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the TD ETFs constitutes a recommendation by Solactive AG to invest capital in said TD ETFs nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this TD ETFs.

About TDAM
TDAM, a member of TD Bank Group, is a North American investment management firm. Operating through TDAM in Canada and TDAM USA Inc. in the U.S., TDAM brings new thinking to investors' most important challenges. 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 $357 billion in assets as at June 30, 2018. Assets under management include TDAM, TDAM USA Inc. and Epoch Investment Partners Inc. (Epoch). Epoch is a wholly owned subsidiary of The Toronto-Dominion Bank and an affiliate of TDAM.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and ETF Facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.

SOURCE TD Asset Management Inc.