TDAM announces changes to mutual fund lineup

By The IJ Staff | July 20, 2018, 9:45 a.m.

TD Asset Management (TDAM) announced this week that it intends to make a number of changes to its mutual fund lineup, including renaming and expanding its cash flow series options and launching new TD Mutual Funds series options.

These changes are aimed at giving investors “a broader range of portfolio diversification choices and help strengthen TDAM's existing lineup of investment solutions,” says the company.

Better transparency

TDAM will rename its existing suite of cash flow series options to provide better transparency and increase the ease of use of the series on or about July 26. This change will include the target annualized distribution rate in the series name, either 5% or 8% depending on the fund.

Additionally, TDAM will launch new FT5 Series extensions to provide two payout rate options (5% and 8%) on select existing fee-based cash flow series.

In-kind transfers

Furthermore, on or about Aug. 16, TDAM will launch F-Series on the TD Comfort Portfolios to allow for in-kind transfers of Investor Series TD Comfort Portfolios to a fee-based platform without triggering capital gains for clients holding assets in non-registered accounts.

The company will also add 14 U.S. dollar purchase options on certain F-Series of existing TD Mutual Funds.