Institutional Investing

Institutional Funds

TD Emerald Short Liability Driven Provincial Bond Pooled Fund Trust

Investment Strategy

Each Fund utilizes a key rate duration matching approach. This approach focuses on minimizing the key sources of risk in a cost-effective manner while ensuring rebalancing flexibility and taking into account the nature of the available hedging instruments. Our approach aims to further reduce risk by matching the overall asset and liability durations and convexities and by ensuring the portfolio returns track the liability benchmark.

Investment Objective

The Funds seek to mitigate interest rate risks for pension plans by investing in Canadian provincial bonds. Each Fund's performance objective is to provide performance similar to a benchmark derived from the liability cash flows of typical Canadian pension plans. The benchmark differs for each Fund, with associated demographics ranging from plans with a high proportion of retirees to those with a high proportion of active members.

Who Should Invest

The TD Emerald Liability Driven Provincial Bond Pooled Fund Trusts are designed for institutional investors who wish to create a tailored liability hedging strategy.

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Fund Facts
Asset ClassFixed Income
Management PhilosophyActive Fundamental
Inception DateApril 11, 2016
Benchmark100% Short Liability Driven Benchmark
NAV($) / Yield (%)10.6613 (As of June 30, 2020)
Distribution DateDecember 31, 2019
Income Distribution0.2821
Capital Distribution0.0000
Total Distribution0.2821
AUM (in millions)201.85 (As of May 31, 2020)
Distribution FrequencyAnnual

*Rates of return are time-weighted, reflecting income during the period but do not include any deduction for management fees.

1 M3 MYTD1 Y2 Y3 Y4 Y5 Y10 YSince Inception

*Performance as of May 31, 2020. Year To Date - performance based on most recent month-end data.

*Benchmark is 100% Short Liability Driven Benchmark

Note: Fund performance is before fees but after expenses

Yearly Performance
July 02, 2020