Institutional Funds

Investment Strategy

Over the long term, the Fund aims to achieve similar returns to benchmark, with less volatility. The Fund is broadly diversified, investing primarily in global equity included in the MSCI All Country World Index ND - C$. TD Asset Management Inc. aims to optimize the Fund by overweighting equities that are expected to deliver less volatile returns and by underweighting or excluding equities that are expected to deliver more volatile returns. As a result, the Fund may possess significantly different characteristics than the Index, and exhibit high tracking error compared to the benchmark, even though the standard deviation of return is expected to be less than that of the Index.

Investment Objective

The investment objective of the Fund is to provide a better risk-adjusted return than the MSCI All Country World Index.

Who Should Invest

The Fund is designed for institutional investors seeking a broadly diversified portfolio with less volatile returns than the MSCI All Country World Index ND - C$.

Fund Facts

Asset Class	Global Equity
Management Philosophy	Active Quantitative
Inception Date	May 09, 2011
Benchmark	MSCI All Country World Index ND (C$)

Details

NAV($) / Yield (%)	15.9374 (As of January 20, 2021)
Distribution Date	December 31, 2020
Income Distribution	0.5442
Capital Distribution	0.0000
Total Distribution	0.5442
AUM (in millions)	2,817.67 (As of December 31, 2020)
Distribution Frequency	Annual

Performance

	1 M	3 M	YTD	1 Y	2 Y	3 Y	4 Y	5 Y	10 Y	Since Inception
Fund	0.72	1.57	-11.32	-11.32	0.82	1.06	3.49	4.47	-	10.14
Benchmark	2.87	9.38	14.22	14.22	17.17	10.67	11.94	10.33	-	11.97

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	14.64	1.52	11.15	8.48	15.87
Benchmark	20.20	-1.26	15.83	4.13	17.10