Institutional Investing
 

Institutional Funds

TD Emerald Long 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 three times the FTSE TMX Canada Long Term Provincial Bond Index (net of funding costs) for every dollar invested into the Fund. The composition of the Fund will generally be $1 of direct investment in physical bonds and $2 of indirect bond exposure via an overlay.

Investment Objective

The investment objective of the Fund is to provide exposure to long-term provincial bonds approximately equal to 3 times the cash value of the Fund in order to provide a hedge against liabilities of an investor that are sensitive to changes in long-term interest rates.

Who Should Invest

The Fund is designed for Canadian pension funds seeking to better match the interest rate exposure associated with their pension liabilities by increasing their fixed income exposure.

Click here to view Strategy Overview

 

* On September 30, 2014 the benchmark changed from 3x FTSE TMX Canada Long Term Government Bond Index minus 2x one-month CDOR to 3x FTSE TMX Canada Long Term Provincial Bond Index minus 2x one-month CDOR.

Fund Facts
Asset ClassFixed Income
Management PhilosophyPassive
Inception DateJanuary 26, 2010
Benchmark3x FTSE Canada Long Term Provincial Bond Index minus 2x one-month CDOR
Details
NAV($) / Yield (%)9.5713 (As of January 21, 2019)
Distribution DateDecember 29, 2017
Income Distribution2.2966
Capital Distribution0.0000
Total Distribution2.2966
AUM (in millions)841.85 (As of December 31, 2018)
Distribution Frequency-

*Rates of return are time-weighted, reflecting income during the period but do not include any deduction for management fees.

Performance
1 M3 MYTD1 Y2 Y3 Y4 Y5 Y10 YSince Inception
Fund3.833.16-6.24-6.246.505.576.1714.93-15.09
Benchmark3.793.16-6.33-6.336.245.305.9214.67-14.97

*Performance as of December 31, 2018. Year To Date - performance based on most recent month-end data.

*Benchmark is 3x FTSE Canada Long Term Provincial Bond Index minus 2x one-month CDOR

Note: Fund performance is before fees but after expenses

Yearly Performance
20172016201520142013
Fund20.983.727.9857.84-22.70
Benchmark20.503.457.8057.48-22.58
January 22, 2019