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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 $2 of indirect bond exposure via an overlay.
Investment Objective
The investment objective of the Fund is to provide exposure to long-term provincial bonds approximately equal to 3 times the cash value of the Fund in order to provide a hedge against liabilities of an investor that are sensitive to changes in long-term interest rates.
Who Should Invest
The Fund is designed for Canadian pension funds seeking to better match the interest rate exposure associated with their pension liabilities by increasing their fixed income exposure.
Click here to view Strategy Overview
Fund Facts
| Asset Class | Fixed Income |
| Management Philosophy | Passive |
| Inception Date | January 26, 2010 |
| Benchmark | 3x FTSE Canada Long Term Provincial Bond Index minus 2x one-month CDOR |
Details
| NAV($) / Yield (%) | 12.3625 (As of June 30, 2020) |
| Distribution Date | December 31, 2019 |
| Income Distribution | 2.8081 |
| Capital Distribution | 0.0000 |
| Total Distribution | 2.8081 |
| AUM (in millions) | 1,237.68 (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 | 0.44 | 3.76 | 21.02 | 25.79 | 27.24 | 16.14 | 14.92 | 13.40 | 18.29 | 18.59 |
| Benchmark | 0.53 | 3.89 | 21.29 | 26.00 | 27.23 | 16.01 | 14.75 | 13.22 | 18.13 | 18.48 |
*Performance as of May 31, 2020. 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
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| Fund | 37.42 | -6.24 | 20.98 | 3.72 | 7.98 |
| Benchmark | 37.06 | -6.33 | 20.50 | 3.45 | 7.80 |