Toronto-based TD Asset Management Inc. (TDAM) is renaming its five cash flow series options for TD Managed Portfolios and TD FundSmart Managed Portfolios, the company announced Wednesday.
The change is intended to reflect the 5% target annualized distribution rate within the series name to help provide better transparency on the target annualized distribution rate of each series, says TDAM in a news release.
Additionally, three TD managed assets program (MAP) portfolios will be lowering their risk ratings.
The ratings for TD Managed Income Portfolio, TD Managed Index Income Portfolio and TD Managed Income ETF Portfolio will change to “low” from “low to medium”.
These changes will be reflected in the TD MAP Simplified Prospectus and Fund Facts that will be filed on or about Oct. 25, 2018.
Full details are available in the company’s news release.