Toronto-based TD Asset Management Inc. (TDAM) will terminate the TD Corporate Bond Plus Fund.

The fund is set to close on or about Oct. 22, and will no longer accept additional purchases as of today. 

Fundholders will have up to the close of business on the termination date to redeem or switch their holdings. TDAM said it would not charge short-term trading fees, switch fees, sales charges or other fees related to the fund being terminated.

On the termination date, TDAM will liquidate the remaining holdings of the fund and distribute the net assets to fundholders.