TD Asset Management Inc., the manager of TD Managed Assets Program, today announced plans to streamline its mutual fund portfolio line-up on or about August 4.

In this re-organization, several portfolios will be merged into their corresponding RSP portfolios, thereby simplifying the investment choices offered by one of Canada’s leading mutual fund companies. This re-organization follows the elimination of the foreign content limit on registered plans.

The mergers are as follows:

  • TD Managed Income Portfolio merges into TD Managed Income RSP Portfolio.
  • TD Managed Income & Moderate Growth Portfolio merges into TD Managed Income & Moderate Growth RSP Portfolio
  • TD Managed Balanced Growth Portfolio merges into TD Managed Balanced Growth RSP Portfolio
  • TD Managed Aggressive Growth Portfolio merges into TD Managed Aggressive Growth RSP Portfolio
  • TD Managed Maximum Equity Growth Portfolio merges into TD Managed Maximum Equity Growth RSP Portfolio
  • TD FundSmart Managed Income Portfolio merges into TD FundSmart Managed Income RSP Portfolio
  • TD FundSmart Managed Income & Moderate Growth Portfolio merges into TD FundSmart Managed Income & Moderate Growth RSP Portfolio
  • TD FundSmart Managed Balanced Growth Portfolio merges into TD FundSmart Managed Balanced Growth RSP Portfolio
  • TD FundSmart Managed Aggressive Growth Portfolio merges into TD FundSmart Managed Aggressive Growth RSP Portfolio
  • TD FundSmart Managed Maximum Equity Growth Portfolio merges into TD FundSmart Managed Maximum Equity Growth RSP Portfolio

On or about the effective date of the mergers, the Continuing Portfolios will change their names by removing the term “RSP”. This will not impact their eligibility for registered plans.

“This re-organization provides our customers with a more streamlined fund line-up,” says Timothy Pinnington, president of TD Mutual Funds.

The investment objectives and investment strategies for the corresponding discontinuing and continuing [ortfolios differ only with respect to maintaining eligibility for registered plans as it pertained to the foreign content rules.

Unitholders are not required to take any action as a result of this change. The units of each discontinuing portfolio will be exchanged on a dollar-for-dollar basis for units of the applicable continuing portfolio on a tax-deferred basis. The discontinuing portfolios will then cease operation. Investors will have the right to redeem units of the discontinuing [ortfolios up to the close of business on the effective date of the mergers. Following the mergers, existing pre-authorized purchase and redemption plans on the discontinuing portfolios will be re-established on the continuing portfolios.