TD Asset Management Inc. (TDAM) has announced a change to the risk rating of TD Target Return Conservative Fund.

The change is reflected in the fund’s updated simplified prospectus filed with Canadian securities regulators on Wendesday.

The risk rating of the fund has changed from “Low to Medium” to “Low” to reflect the fund’s risk level. No changes have been made to the investment objectives, strategies or management of the fund, as set out in the updated simplified prospectus.

The fund, along with the TD Target Return Balanced Fund, are the first funds in Canada to focus on seeking to achieve a defined target return. The investment strategies of these funds provide the portfolio managers with the flexibility to choose from different asset classes and a wide range of investments, including defensive investments, globally.

“Lowering the TD Target Return Conservative Fund’s risk rating better aligns it to the actual level of risk needed for the fund to seek to achieve its objectives,” says Sandra Cimoroni, president, TD Mutual Funds. “Investors can feel more secure knowing that the fund has a low risk rating and may be appropriate as a substitute for fixed income investments in their portfolio.”

In addition, TDAM is making changes to the short term trading fee period for the e-series funds, other than the TD Managed Index Portfolios. Effective on July 25, TDAM will reduce the short term trading fee period of e-Series funds from 90 days to 30 days, aligning it with its investor series.