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Institutional Funds
TD Emerald Hedged U.S. Equity Pooled Fund Trust II
Investment Strategy
The portfolio of the Fund consists of two components - an S&P 500 stock portfolio and a currency hedge. The portfolio replicates the S&P 500 Hedged Total Return Index by investing in all constituent stocks of the Index at, or close to benchmark weight. The Fund will also implement a currency hedge by selling foreign exchange forward contracts. The Fund is then able to lock in current exchange forward rates and manage its currency risk. Profits (losses) from the forward contracts are offset by losses (profits) in the value of the currency, thereby minimizing exposure to the currency. The Fund is managed based on the belief that indexing reduces portfolio risk by investing in a comprehensive range of securities while lowering costs compared with more active approaches.
Investment Objective
The Fund's objective is to track the performance of the S&P 500 Hedged Total Return Index.
Who Should Invest
The Fund is designed for Canadian registered pension plans and qualifying foundations, endowments and charities which are exempt from income tax in Canada and the United States in respect of dividend or interest income earned in the United States, seeking benchmark returns and exposure to a broad base of U.S. equities.
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Fund Facts
| Asset Class | Equity |
| Management Philosophy | Passive |
| Inception Date | December 09, 2010 |
| Benchmark | S&P 500 Hedged TR Index - C$ |
Details
| NAV($) / Yield (%) | 10.4362 (As of January 23, 2020) |
| Distribution Date | December 31, 2019 |
| Income Distribution | 0.2134 |
| Capital Distribution | 0.1307 |
| Total Distribution | 0.3441 |
| AUM (in millions) | 600.92 (As of December 31, 2019) |
| Distribution Frequency | Annual |
*Rates of return are time-weighted, reflecting income during the period but do not include any deduction for management fees.
Performance
| 1 M | 3 M | YTD | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y | 10 Y | Since Inception | |
| Fund | 2.91 | 8.90 | 29.76 | 29.76 | 10.58 | 13.98 | 13.31 | 10.71 | - | 13.08 |
| Benchmark | 2.92 | 8.93 | 29.86 | 29.86 | 10.67 | 14.06 | 13.39 | 10.78 | - | 13.17 |
*Performance as of December 31, 2019. Year To Date - performance based on most recent month-end data.
*Benchmark is S&P 500 Hedged TR Index - C$
Note: Fund performance is before fees but after expenses
Yearly Performance
| 2018 | 2017 | 2016 | 2015 | 2014 | |
| Fund | -5.76 | 21.10 | 11.33 | 0.90 | 14.22 |
| Benchmark | -5.70 | 21.16 | 11.40 | 0.91 | 14.33 |