TORONTO, Sept. 19, 2018 /CNW/ - TD Asset Management Inc.
("TDAM"), the manager of the TD Exchange-Traded Funds
(individually a "TD ETF", and collectively, the "TD ETFs"), today
announced changes to the underlying indices of, and certain other
changes to, the TD ETFs. All of the changes described below will be
effective on or about November 20,
2018. TDAM will provide at least 30 days' prior written
notice regarding the applicable changes, to unitholders of record
as of September 28th, 2018
of each TD ETF.
Index changes
TDAM is changing the underlying index of each TD ETF from an
index provided by S&P Opco, LLC, a subsidiary of S&P Dow
Jones Indices LLC ("S&P") to an index provided by Solactive AG
("Solactive").
The table below sets out the name of the current and new
underlying index. Information about the Solactive indices are
available at solactive.com.
Ticker
|
TD
ETF
|
Current
Index
|
New
Index
|
TDB
|
TD Canadian Aggregate
Bond Index ETF
|
S&P Canada
Aggregate Bond Index
|
Solactive Canadian
Select Universe Bond Index
|
TTP
|
TD S&P/TSX Capped
Composite Index ETF
|
S&P/TSX Capped
Composite Index
|
Solactive Canada
Broad Market Index (CA NTR)
|
TPU
|
TD S&P 500 Index
ETF
|
S&P 500®
Index
|
Solactive US Large
Cap CAD Index (CA NTR)
|
THU
|
TD S&P 500 CAD
Hedged Index ETF
|
S&P 500® CAD
Hedged Index
|
Solactive US Large
Cap Hedged to CAD Index (CA NTR)
|
TPE
|
TD International
Equity Index ETF
|
S&P EPAC Ex-Korea
LargeMidCap Index
|
Solactive GBS
Developed Markets ex North America Large & Mid Cap CAD Index
(CA NTR)
|
THE
|
TD International
Equity CAD Hedged Index ETF
|
S&P EPAC Ex-Korea
LargeMidCap CAD Hedged Index
|
Solactive GBS
Developed Markets ex North America Large & Mid Cap Hedged to
CAD Index (CA NTR)
|
Name changes of certain TD ETFs
As a result of the change in the underlying index, the names of
three TD ETFs are also changing, as set out in the table below:
Ticker
|
Current
Name
|
New
Name
|
TTP
|
TD S&P/TSX Capped
Composite Index ETF
|
TD Canadian Equity
Index ETF
|
TPU
|
TD S&P 500 Index
ETF
|
TD U.S. Equity Index
ETF
|
THU
|
TD S&P 500 CAD
Hedged Index ETF
|
TD U.S. Equity CAD
Hedged Index ETF
|
Lower management fees on select TD ETFs
TDAM will lower the management fee on select TD ETFs as set out
in the table below:
Ticker
|
Current TD ETF
Name
|
Current Management
Fee
|
New Management
Fee
|
TDB
|
TD Canadian Aggregate
Bond Index ETF
|
0.10%
|
0.08%
|
TTP
|
TD S&P/TSX Capped
Composite Index ETF
|
0.07%
|
0.05%
|
TPU
|
TD S&P 500 Index
ETF
|
0.10%
|
0.08%
|
THU
|
TD S&P 500 CAD
Hedged Index ETF
|
0.10%
|
0.08%
|
The changes to the underlying indices described above align with
the current investment objectives and strategies of each
TD ETF and will provide investors with substantially the same
exposure to the asset classes, sectors and/or geographic regions to
which each TD ETF is currently exposed. There will be no changes to
the distribution policy or risk rating of each TD ETF.
An amendment to the offering documents of the TD ETFs will
be filed with the Canadian securities regulatory authorities on or
about September 20, 2018.
Additional information
S&P related disclosure
The S&P 500® index, the
S&P 500® CAD Hedged index, the S&P EPAC Ex-Korea
LargeMidCap index, the S&P EPAC Ex-Korea LargeMidCap CAD hedged
index, the S&P Canada Aggregate Bond index and the S&P/TSX
Capped Composite index (collectively, the "Indices") are
products of S&P Dow Jones Indices LLC ("SPDJI"), and have been
licensed for use by TD Asset Management Inc. ("TDAM").
Standard & Poor's® and S&P® are registered trademarks of
Standard & Poor's Financial Services LLC ("S&P"); Dow
Jones® is a registered trademark of Dow Jones Trademark Holdings
LLC ("Dow Jones");TSX is a registered Trademark of TSX Inc.; and
These trademarks have been licensed for use by SPDJI and
sublicensed for certain purposes by TDAM. TD S&P 500
Index ETF, TD S&P 500 CAD Hedged
Index ETF, TD International Equity Index ETF, TD International
Equity CAD Hedged Index ETF, TD Canadian Aggregate Bond Index ETF
and TD S&P/TSX Capped Composite Index ETF are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and none of such parties make any
representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors,
omissions, or interruptions of any of the Indices.
Solactive related disclosure
The TD Canadian
Aggregate Bond Index ETF, TD S&P/TSX Capped Composite Index
ETF, TD S&P 500 Index ETF, TD S&P 500 CAD Hedged Index ETF, TD International Equity
Index ETF, and TD International Equity CAD Hedged Index ETF are not
sponsored, promoted, sold or supported in any other manner by
Solactive AG nor does Solactive AG offer any express or implicit
guarantee or assurance either with regard to the results of using
the Index and/or Index trade mark or the Index Price at any time or
in any other respect. The Solactive Canadian Select Universe Bond
Index, Solactive Canada Broad Market Index (CA NTR), Solactive US
Large Cap CAD Index (CA NTR), Solactive US Large Cap Hedged to CAD
Index (CA NTR), Solactive GBS Developed Markets ex North America
Large & Mid Cap CAD Index (CA NTR), and Solactive GBS Developed
Markets ex North America Large & Mid Cap Hedged to CAD Index
(CA NTR) are calculated and published by Solactive AG. Solactive AG
uses its best efforts to ensure that the Index is calculated
correctly. Irrespective of its obligations towards the Issuer,
Solactive AG has no obligation to point out errors in the Index to
third parties including but not limited to investors and/or
financial intermediaries of the TD ETFs. Neither publication of the
Index by Solactive AG nor the licensing of the Index or Index trade
mark for the purpose of use in connection with the TD ETFs
constitutes a recommendation by Solactive AG to invest capital in
said TD ETFs nor does it in any way represent an assurance or
opinion of Solactive AG with regard to any investment in this TD
ETFs.
About TDAM
TDAM, a member of TD Bank Group, is a North American investment
management firm. Operating through TDAM in Canada and TDAM USA Inc. in the U.S., TDAM brings new thinking
to investors' most important challenges. TDAM offers investment
solutions to corporations, pension funds, endowments, foundations
and individual investors. Additionally, TDAM manages assets on
behalf of almost 2 million retail investors and offers a broadly
diversified suite of investment solutions including mutual funds,
professionally managed portfolios and corporate class funds. Asset
management businesses at TD manage $357
billion in assets as at June 30,
2018. Assets under management include TDAM, TDAM
USA Inc. and Epoch Investment
Partners Inc. (Epoch). Epoch is a wholly owned subsidiary of The
Toronto-Dominion Bank and an affiliate of TDAM.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETFs). Please read the
prospectus and ETF Facts before investing. ETFs are not guaranteed,
their values change frequently and past performance may not be
repeated. ETF units are bought and sold at market price on a stock
exchange and brokerage commissions will reduce returns.
SOURCE TD Asset Management Inc.