Institutional Funds

Investment Strategy

The Fund seeks to achieve a high rate of interest income while maintaining an overall focus on principal protection through TD Asset Management Inc. (TDAM)'s active fundamental fixed income approach. The Fund maintains a diversified portfolio while investing primarily in long-term Canadian investment-grade corporate fixed income securities.

TDAM's active fundamental fixed income philosophy is grounded in an established set of guiding principles that stress extensive independent credit research and sound yield and credit curve analysis. TDAM believes that applying these principles through a highly disciplined portfolio construction methodology is the most predictable way to generate competitive risk-adjusted returns when measured against any given benchmark.

Investment Objective

The Fund aims to deliver yields similar to those of the FTSE TMX Canada Long Term Corporate Bond Index but with better portfolio diversification

Who Should Invest

The Fund is designed for investors seeking broad exposure to the Canadian long-term corporate bond market.

Fund Facts

Asset Class	Long Fixed Income
Management Philosophy	Active Fundamental
Inception Date	April 11, 2016
Benchmark	FTSE Canada Long Term Corporate Bond Index

Details

NAV($) / Yield (%)	11.4273 (As of January 20, 2021)
Distribution Date	December 31, 2020
Income Distribution	0.4283
Capital Distribution	0.0426
Total Distribution	0.4708
AUM (in millions)	515.36 (As of December 31, 2020)
Distribution Frequency	Annual

Performance

	1 M	3 M	YTD	1 Y	2 Y	3 Y	4 Y	5 Y	10 Y	Since Inception
Fund	1.05	2.71	10.16	10.16	12.41	7.78	7.93	-	-	7.13
Benchmark	0.97	2.67	11.12	11.12	12.75	8.19	8.34	-	-	7.49

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	14.70	-0.90	8.37	-	-
Benchmark	14.41	-0.40	8.80	-	-