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Institutional Funds
TD Emerald Enhanced Real Return Bond Overlay Pooled Fund Trust
Investment Strategy
The Fund seeks to provide investors with the benefits of flexibility and cost effectiveness within a transparent fund structure, to gain exposure to two times the benchmark through the use of repurchase and reverse repurchase agreements. A provincial spread overlay strategy will be implemented on top of the RRB exposure to seek to capture the higher Provincial bond yield above the Federal bond yield and will be actively managed to help add additional absolute returns and improve the expected risk-adjusted returns.
Investment Objective
The investment objective of the Fund is to seek to provide a return in excess of 2 times the return of the Government of Canada Real Return bond market, net of funding costs and other expenses, in order to provide a hedge against liabilities of an investor that is sensitive to changes in real interest rates.
Who Should Invest
The Fund is designed for Canadian pension plans seeking to better match the interest rate exposure associated with their pension liabilities by increasing their real return fixed income exposure.
Click here to view Strategy Overview
Fund Facts
| Asset Class | Fixed Income |
| Management Philosophy | Active Fundamental |
| Inception Date | August 15, 2018 |
| Benchmark | 2 x FTSE Canada Real Return Bond Index - 1 Month CDOR |
Details
| NAV($) / Yield (%) | 10.0000 (As of -) |
| Distribution Date | December 31, 2019 |
| Income Distribution | 2.5867 |
| Capital Distribution | 0.0000 |
| Total Distribution | 2.5867 |
| AUM (in millions) | 23.61 (As of May 31, 2020) |
| Distribution Frequency | - |
*Rates of return are time-weighted, reflecting income during the period but do not include any deduction for management fees.
Performance
| 1 M | 3 M | YTD | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y | 10 Y | Since Inception | |
| Fund | 0.72 | -4.57 | 4.97 | 5.61 | - | - | - | - | - | 7.46 |
| Benchmark | 0.70 | -4.22 | 5.77 | 5.74 | - | - | - | - | - | 8.16 |
*Performance as of May 31, 2020. Year To Date - performance based on most recent month-end data.
*Benchmark is 2 x FTSE Canada Real Return Bond Index - 1 Month CDOR
Note: Fund performance is before fees but after expenses
Yearly Performance
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| Fund | 15.74 | - | - | - | - |
| Benchmark | 14.36 | - | - | - | - |