Changes announced for TD Asset Management

Changes announced for TD Asset Management

Changes announced for TD Asset Management TD Asset Management Inc. (TDAM) has announced that TDAM USA Inc. will be removed as a sub-adviser of its TD US Monthly Income Fund. The same release says that the risk rating for TD Canadian Core Plus Bond Fund will be lowered from "low to medium" to "low".

The removal of TDAM USA Inc. as sub-advisor will take effect on or about August 4. TDAM will continue to supervise, with full discretion, the investment decisions and asset allocation of TD US Monthly Income Fund. The fund may gain exposure to US fixed-income securities through investment in TD US Corporate Bond Fund, which is still sub-advised by TDAM USA Inc. In addition, TD US Monthly Income Fund has, and will maintain, the ability to also gain exposure to US fixed-income securities either directly or indirectly through investment trusts and ETFs whenever it would be deemed more efficient.

The lowered risk rating for the Canadian Core Plus Bond Fund is consistent with its demonstrated volatility since inception and better represents expected volatility going forward.  Investors should note that no material changes have been made to the fund’s investment objectives, strategies, or management.

The release reports that the changes will be reflected upon the renewal of the TD Mutual Funds' simplified prospectus and Fund Facts, which are scheduled for filing on or about July 28.


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