TD Asset Management Inc. (TDAM) announced Monday it is terminating seven mutual funds on or about Sept. 6, 2019.
Effective Monday, the following funds stopped accepting additional purchases:
- TD Canadian Value Fund
- TD Canadian Value Class
- TD U.S. Low Volatility Currency Neutral Fund
- Epoch European Equity Fund
- TD Advantage Growth Portfolio
- TD Advantage Aggressive Growth Portfolio
In a release, TDAM said fundholders will have up to the close of business on Sept. 6 to redeem or switch their holdings. TDAM said it would not charge short-term trading fees, switch fees, sales charges or other fees related to the funds being terminated.
On the termination date, TDAM will liquidate the remaining holdings of the funds and distribute the net assets to securityholders.