TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, says the TD Retirement Conservative Portfolio and TD Retirement Balanced Portfolio will now be available in K-series, the cash flow version of its Premium Series. TDAM has also added K-series to the TD Tactical Monthly Income Fund.
For investors who meet the minimum investment requirements, K-series provides access to potentially tax-efficient cash flows, with the added advantage of lower management fees relative to other series of these funds.
“As the population ages, more investors are looking for ways to fund their retirement. Expanding our broad solutions by adding K-series to these funds helps give affluent investors, close to or in retirement, the cash flow they are seeking,” said Paul Orlander, president, TD Mutual Funds, in a release.
TDAM’s K-Series require a minimum investment of $150,000 for the TD Retirement Portfolios and $100,000 for the TD Tactical Monthly Income Fund. Subsequent investment minimums are $100 for all funds.