New fund and ETF changes at TDAM

Toronto-based TD Asset Management Inc. (TDAM) has added a new mutual fund to its product lineup. TD Global Equity Focused Fund provides investors with access to high-quality global companies that, in the portfolio manager’s view, have excellent business models, underestimated cash-flow generation and solid growth potential. The fund has a concentrated portfolio of fundamentally researched securities that seek to deliver long-term capital appreciation and income growth. Advisor commissions are 0%-5% for front-end sales; 5% for deferred sales charges; 1% for the low-load option; and 3% for the low-load 2 option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 of the low-load schedule; and begin at 3.5% in Year 1 and end at zero after Year 4 of the low-load 2 schedule. Trailing commissions are 1% for front-end sales; 0.5% for deferred sales charges; 1% for low-load sales; and 0.5% for the first four years of low-load 2 sales, and 1% thereafter. Management fees are 1.85% for A-class units and 0.85% for F-class units. Minimum investment is $500.

TDAM also has changed the underlying indices of six of its ETFs. TD Canadian Aggregate Bond Index ETF will follow the Solactive Canadian select universe bond index rather than its former index, the S&P Canada aggregate bond index. TD S&P/TSX Capped Composite Index ETF will follow the Solactive Canada broad market index rather than its former index, the S&P/TSX capped composite index; this ETF will be renamed TD Canadian Equity Index ETF. TD S&P 500 Index ETF will follow the Solactive U.S. large-cap CAD index rather than its former index, the S&P 500 composite index; this ETF’s name will be changed to TD U.S. Equity Index ETF. TD S&P 500 CAD Hedged Index ETF’s new index will be the Solactive U.S. large-cap hedge to CAD index rather than its former index, the S&P 500 CAD hedged index; this ETF will be renamed TD U.S. Equity CAD Hedged Index ETF. TD International Equity Index ETF’s new underlying index will be the Solactive GBS developed markets ex-North American large & mid-cap CAD index rather than its former index, the S&P EPAC ex-Korea large/mid-cap index. TD International Equity CAD Hedged Index ETF will follow the Solactive GBS Developed Markets ex-North America large & mid-cap hedged to CAD index instead of its former index, the S&P EPAC ex-Korea large/mid-cap CAD hedged index. The management fees for four of the affected ETFs will be lowered by 0.02%. The changes will take effect as of Nov. 20.