Magnifying glass highlighting investment stock quotes in business section of newspaper.
© Ingram Publishing / Thinkstock

TD Asset Management is lowering the risk ratings for three mutual funds.

The amendments will be included in the simplified prospectus to be filed with regulators around Nov. 22, the firm said.

The three funds affected are:

Fund

Previous risk rating

New risk rating

TD Nasdaq Index Fund

High

Medium to high

TD Advantage Balanced Income
Portfolio

Low to medium

Low

TD Comfort Balanced Income
Portfolio

Low to medium

Low