TD Asset Management, the manager of TD Mutual Funds, is changing the TD U.S. Equity Portfolio and TD U.S. Equity Currency Neutral Portfolio.
The TD U.S. Low Volatility Fund and TD U.S. Quantitative Equity Fund have been added to the portfolios, while exposure to the TD U.S. Blue Chip Equity Fund and the Epoch U.S. Large-Cap Value Fund1 has been reduced to allow for the new allocations.
Read: TD AM dropping 3 mutual funds
The changes are meant to provide the portfolios with greater diversification across sectors and investment styles and help reduce volatility.
Additionally, TDAM is lowering its management fee.
Read: TD AM alters strategy of Canadian low-vol pool
| Fund Name | Series | Maximum
Management Fee2 (%) |
Previous Fee
Charged (%)3 |
New Fee
Charged (%)4 |
| TD US Equity Portfolio | Investor | 2.00% | 2.00% | 1.85% |
| Advisor | 2.00% | 2.00% | 1.85% | |
| F | 1.00% | 1.00% | 0.85% | |
| TD US Equity Canadian Currency
Neutral Portfolio |
Investor | 2.00% | 2.00% | 1.85% |
| Advisor | 2.00% | 2.00% | 1.85% | |
| F | 1.00% | 1.00% | 0.85% |
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1TD U.S. Large-Cap Value Fund was renamed Epoch U.S. Large-Cap Value Fund, effective July 24, 2014.
2The maximum management fee as stated in the prospectus remains unchanged for the funds noted above. TDAM reserves the right to charge up to the maximum management fee at any time without notice.
3Management Fee charged prior to July 28 2014.
4Effective July 28, 2014, TDAM began charging a lower management fee for the funds noted above such that the annualized daily rate is as reflected in the table.