TD Asset Management Inc. is proposing a series of changes to the underlying fund holdings of the TD Managed and TD FundSmart Managed Portfolios, which form part of the TD Managed Assets Program.

TDAM says that the changes reflect the ongoing review and monitoring of the portfolios’ asset mixes and their underlying fund holdings to ensure each portfolio is positioned for superior long-term performance, while remaining in-line with its investment objectives.

The portfolio review process involves conducting a thorough assessment of the portfolios’ asset allocation and the underlying fund selection. A combination of quantitative and qualitative measurements is used to isolate superior performing funds and optimal asset mixes. This process can result in periodic revisions to target weightings of the underlying funds and the addition or removal of underlying funds held in a portfolio based on factors such as changes in investment mandate, fund performance, market conditions and industry trends.

A notice detailing these proposed changes will be mailed to unitholders in July, and the implementation of these changes will occur on October 7.