TD Asset Management (TDAM), the manager of the TD Private Target Return Fund, Wednesday announced a change to the risk rating of the fund.

The risk rating of the fund has changed to “Low” from “Low to Medium”, 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 change is reflected in the fund’s updated simplified prospectus filed with Canadian securities regulators on Wednesday.

TDAM is a fully integrated North American investment manager, with over $211 billion in assets under management as of Jan. 31, 2013.