Institutional Investing
 

Institutional Funds

TD Emerald Mid 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 

Click here to view fund profile 

Fund Facts
Asset ClassFixed Income
Management PhilosophyActive Fundamental
Inception DateApril 11, 2016
Benchmark100% Mid Liability Driven Benchmark
Details
NAV($) / Yield (%)9.7252 (As of January 21, 2019)
Distribution DateDecember 31, 2018
Income Distribution0.3309
Capital Distribution0.0000
Total Distribution0.3309
AUM (in millions)285.38 (As of December 31, 2018)
Distribution FrequencyAnnual

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

Performance
1 M3 MYTD1 Y2 Y3 Y4 Y5 Y10 YSince Inception
Fund1.501.930.070.073.13----2.25
Benchmark1.552.080.230.232.96----1.99

*Performance as of December 31, 2018. Year To Date - performance based on most recent month-end data.

*Benchmark is 100% Mid Liability Driven Benchmark

Note: Fund performance is before fees but after expenses

Yearly Performance
20172016201520142013
Fund6.29----
Benchmark5.76----
January 22, 2019