TDAM’s new fixed-income mutual funds

Toronto-based TD Asset Management Inc. has launched two global fixed-income mutual funds. TD Global Income Fund invests primarily in corporate fixed-income securities from around the world that have modest exposure to foreign currencies. To find these investments, the fund’s portfolio managers employ a fundamental economic analysis of regions, currencies and interest rates. Advisor commissions are 0%-5% for front-end sales; 5% for deferred sales; 1% for the low-load option; or 3% for the low-load 2 option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 of the low-load schedule; or begin at 3.5% in Year 1 and end at zero after Year 4 of the low-load 2 option. Trailing commissions are 0.5% for front-end sales; 0.25% for deferred sales; 0.5% for low-load sales, 0.25% for the first four years of the low-load 2 sales option and 0.5% thereafter. Management fees are 1.2% for A-class units and 0.7% for F-class units. Minimum investment is $500. TD Global Unconstrained Bond Fund’s objective is to maximize total return for investors while preserving capital. To reach this objective, the fund’s portfolio manager has the flexibility to invest in a broad range of fixed-income issuers in different countries, sectors and industries around the world. Advisor commissions are 0%-5% for front-end sales; 5% for deferred sales; 1% for the low-load option; or 3% for the low-load 2 option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 of the low-load schedule; or begin at 3.5% in Year 1 and end at zero after Year 4 of the low-load 2 option. Trailing commissions are 0.5% for front-end sales; 0.25% for deferred sales; 0.5% for low-load sales; and 0.25% for the first four years of the low-load 2 sales option, and 0.5% thereafter. Management fees are 1.3% for A-class units and 0.8% for F-class units. Minimum investment is $500.

(fcollie@investmentexecutive.com).