TD Asset Management Enhances Investment Portfolio Strategy
Exciting Updates from TD Asset Management Inc.
TD Asset Management Inc. (TD) has recently taken steps to streamline its investment fund offerings through planned mergers and terminations of several funds. This initiative aims to enhance the overall efficiency of resource allocation within its managed portfolio programs, presenting an opportunity for securityholders to benefit from optimized investment strategies.
Fund Mergers Announcement
Effective on or about October 24, 2025, TD Asset Management Inc. will proceed with the merger of selected Discontinuing Funds into the respective Continuing Funds on a tax-deferred basis. This process aims to secure advancements in portfolio management efficiency for stakeholders of both funds.
Details on Merging Funds
The merging funds include:
- Discontinuing Fund: TD FundSmart Managed Aggressive Growth Portfolio
- Continuing Fund: TD Managed Aggressive Growth Portfolio
- Discontinuing Fund: TD FundSmart Managed Balanced Growth Portfolio
- Continuing Fund: TD Managed Balanced Growth Portfolio
- Discontinuing Fund: TD FundSmart Managed Income & Moderate Growth Portfolio
- Continuing Fund: TD Managed Income & Moderate Growth Portfolio
The decision to conduct these mergers stems from the belief that combining these funds will provide greater efficiencies and enhance the investment management capabilities of TD Asset Management Inc.
Independent Review Committee Recommendations
The Independent Review Committee evaluated the mergers for fairness and viability, providing its endorsement for each transition. It concluded that these actions will promote the best interests of existing securityholders in the Discontinuing Funds.
Details on Termination of Specific Funds
In addition to the mergers, TD Asset Management Inc. will also terminate certain funds as part of this restructuring. Effective on or about October 24, 2025, the following funds will be officially terminated:
- TD Global Conservative Opportunities Fund
- TD Global Balanced Opportunities Fund
Securityholders will be notified at least 60 days prior to these changes. During this grace period, they will be able to redeem or switch their holdings without incurring additional charges.
Investing Considerations
Securityholders are urged to consider their investment positions carefully, particularly concerning the upcoming termination of funds. Securityholders can redeem or switch their holdings until the market closes on the Effective Date. Notably, there will be no short-term trading fees associated with these transactions.
Market Liquidation and Tax Implications
Upon termination, TD Asset Management Inc. will liquidate the assets of the terminating funds at their fair market value and distribute the net assets accordingly. For those holding termination fund shares in non-registered accounts, be aware that tax implications may arise from capital gains or losses. Conversely, registered plans will not incur immediate tax consequences from these redemptions.
About TD Asset Management Inc.
TD Asset Management Inc., part of the TD Bank Group, is a prominent investment management firm. They cater to a diverse clientele, including corporations, pension funds, endowments, foundations, and individual investors. With an extensive suite of investment solutions and management of nearly $496 billion in assets, TDAM remains committed to optimizing investment strategies for their clients.
Frequently Asked Questions
What is the purpose of the merger announced by TD Asset Management?
The merger aims to streamline portfolio management and enhance resource allocation within TD's investment fund offerings.
When do the mergers and terminations take effect?
The effective date for the mergers and terminations is set for October 24, 2025.
Will securityholders incur any costs from the mergers?
No, securityholders will not bear any costs related to the mergers; these will be covered by TD Asset Management Inc.
What will happen to my holdings in the Discontinuing Funds?
Securityholders will receive units of the equivalent series in the Continuing Funds, based on a dollar-for-dollar equivalence.
How can I redeem my holdings before termination?
You may redeem or switch your holdings until the market closes on the effective date, without incurring additional fees.
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