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Institutional Funds
TD Emerald 20+ Strip Bond Pooled Fund Trust
Investment Strategy
The portfolio of the Fund consists of Canadian, federal or provincial issued strip bonds that are selected and weighted to approximate the overall characteristics of the FTSE TMX Canada 20+ Strip Bond Index. A strip bond is created from existing conventional bonds by separating each of the coupon payments as well as the principal payment (the residual), from one another. Once stripped, each coupon and the residual can trade as a separate security, allowing the holder to receive a single known payment on a specific date (also known as a "zero coupon" bond). The FTSE TMX Canada 20+ Strip Bond Index is comprised of federal and provincial strip bonds with a term to maturity greater than 20 years.
The Fund is managed based on the philosophy that it is both impractical and financially prohibitive to fully replicate an index in pursuit of market returns. The Fund uses stratified sampling to efficiently achieve index-like returns
Investment Objective
The investment objective of the Fund is to provide performance similar to the performance of the FTSE TMX Canada 20+ Strip Bond Index.
Who Should Invest
The Fund is designed for institutional investors seeking to extend the duration of their fixed income portfolios.
Fund Facts
| Asset Class | Fixed Income |
| Management Philosophy | Passive |
| Inception Date | September 04, 2007 |
| Benchmark | FTSE Canada 20+ Strip Bond Index |
Details
| NAV($) / Yield (%) | 9.0003 (As of June 30, 2020) |
| Distribution Date | May 29, 2020 |
| Income Distribution | 0.0170 |
| Capital Distribution | 0.0000 |
| Total Distribution | 0.0170 |
| AUM (in millions) | 286.65 (As of May 31, 2020) |
| Distribution Frequency | Monthly |
*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 | -0.12 | 0.06 | 8.83 | 14.10 | 13.83 | 10.05 | 8.88 | 8.08 | 10.28 | 9.44 |
| Benchmark | -0.11 | 0.15 | 8.99 | 14.34 | 14.10 | 10.15 | 8.85 | 8.17 | 10.33 | 9.43 |
*Performance as of May 31, 2020. Year To Date - performance based on most recent month-end data.
*Benchmark is FTSE Canada 20+ Strip Bond Index
Note: Fund performance is before fees but after expenses
Yearly Performance
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| Fund | 21.46 | -2.48 | 13.09 | 3.72 | 4.64 |
| Benchmark | 21.52 | -2.14 | 13.03 | 2.93 | 5.14 |