Institutional Investing
 

Institutional Funds

TD Emerald Long 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% Long Liability Driven Benchmark
Details
NAV($) / Yield (%)10.5068 (As of March 20, 2019)
Distribution DateDecember 31, 2018
Income Distribution0.3892
Capital Distribution0.0120
Total Distribution0.4012
AUM (in millions)268.52 (As of February 28, 2019)
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
Fund0.564.883.133.965.46----3.65
Benchmark0.445.273.484.925.91----3.78

*Performance as of February 28, 2019. Year To Date - performance based on most recent month-end data.

*Benchmark is 100% Long Liability Driven Benchmark

Note: Fund performance is before fees but after expenses

Yearly Performance
20182017201620152014
Fund-2.0010.15---
Benchmark-1.3810.09---
March 21, 2019