TORONTO, July 28, 2023 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of the TD One-Click Suite of Exchange-Traded Funds (individually a "TD ETF", and collectively, the "TD ETFs"), today announced a plan to simplify the suite of TD ETFs including modifications to the composition of the TD ETF portfolios, names and ticker symbol changes, and a reduction in the management fees. All of the changes described below will be effective on or about August 31, 2023.

TDAM is simplifying the composition of the TD ETFs by modifying the construction of the portfolios. TD ETFs will generally invest in index ETFs in order to provide investors with broad market exposure while reducing the management fees. The benchmarks and target asset mix will remain the same and rebalancing to the target weights will occur on a quarterly basis.

The names and ticker symbols of the TD ETFs are also changing, as set out in the table below:

Streamlining the portfolio construction by investing in index ETFs allows TDAM to lower the management fees on all three TD ETFs, as set out in the table below:

The changes noted above, including changes to the portfolio compositions, align with the current investment objectives and strategies of each TD ETF and will allow each TD ETF to more closely track its benchmark. There will be no changes to the distribution policy or risk rating of each TD ETF. There are no changes to the CUSIP (Committee on Uniform Securities Identification Procedures) and ISIN (International Securities Identification Number) identifiers of each ETF as a result of these changes.

An amendment to the offering documents of the TD ETFs will be filed with the Canadian securities regulatory authorities on or about July 28, 2023.

Additional information about TD ETFs including the prospectus and ETF Facts, can be found at www.TDAssetManagement.com. Information about the complete suite of TD ETFs is also available on the TD ETF Resource Centre.

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.

TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.

TD Bank Group means The Toronto-Dominion Bank and its affiliates, who provide deposit, investment, loan, securities, trust, insurance and other products or services.

^®The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. 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 $423 billion in assets. Aggregate statistics are as of June 30, 2023 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank.

SOURCE TD Asset Management Inc.