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 U.S. equity included in the S&P 500 Total Return Index - US$, and the broader S&P Composite 1500 Index. TD Asset Management Inc. aims to optimize the Fund by overweighting equities that are expected to deliver less volatile returns and by underweighting or excluding equities that are expected to deliver more volatile returns. As a result, the Fund may possess significantly different characteristics than the Index, and exhibit high tracking error compared to the benchmark, even though the standard deviation of return is expected to be less than that of the Index. This Fund is available for purchase in US$ or C$.
Investment Objective
The investment objective of the Fund is to provide a better risk-adjusted total return than a capitalization weighted market index such as the S&P 500 Index, used to track the performance of U.S. equity securities over a full market cycle.
Who Should Invest
The Fund is designed for Canadian registered pension plans, qualifying foundations, endowments and charities which are exempt from income tax in Canada and income tax in the United States in respect of dividend or interest income in the United States, who are seeking a broadly diversified portfolio with a better risk- adjusted return than the S&P 500 Total Return Index - US$.
Fund Facts
US Equity |
Active Quantitative |
May 04, 2015 |
S&P 500 Total Return Index (USD) |