TD Asset Management Inc., the manager of TD Mutual Funds, today announced the addition of three tax-efficient series for six existing TD Managed Assets Program portfolios.
“The series extensions allow us to provide investment solutions that are a great way for investors to obtain a consistent monthly cash flow while maintaining their asset allocation,” says Tim Pinnington, president, TD Mutual Funds.
This series extension introduces the new K-Series. The K-Series is designed to provide a tax-efficient cash flow option to larger investors with a minimum investment amount of $250,000.
The capped management expense ratio (MER) for the new K-Series units of the portfolios is at least 0.50% per annum below the capped MER for the H-Series units of the portfolios.
The six existing managed portfolios offering new series units are as follows:
- TD Managed Income Portfolio;
- TD Managed Income & Moderate Growth Portfolio;
- TD Managed Balanced Growth Portfolio;
- TD FundSmart Managed Income Portfolio;
- TD FundSmart Managed Income & Moderate Growth Portfolio;
- TD FundSmart Managed Balanced Growth Portfolio.
TD Managed Assets Program is a fund-of-fund investment solution that offers investors a wide range of professionally designed and managed portfolios to suit their needs. As of September 30, the program had combined assets under management of over $13 billion.