TD Asset Management Inc. (TDAM) Thursday announced plans to terminate the operations of nine mutual funds.
Effective September 19, the funds will no longer accept additional investments and will be terminated on December 6.
TDAM says the funds are being terminated in order to simplify its lineup.
The funds that will be terminated include:
> TD Global Equity Portfolio
> TD Global Multi-Cap Fund
> TD Global Value Fund
> TD International Value Fund
> TD Pacific Rim Fund
> TD U.S. Large-Cap Value Currency Neutral Fund
> TD Global Sustainability Fund
> TD Global Sustainability Class
> TD Global Multi-Cap Class
Securityholders may redeem or switch their holdings in the funds for settlement on or prior to the termination date. TDAM says it will liquidate the holdings of the terminating funds at fair market value, determine distributions, and distribute the net assets to remaining securityholders.
Securityholders will not be required to pay any redemption fees, sales charges or other fees associated with the termination of the funds.