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Institutional Funds
TD Emerald Hedged International Equity Index Pooled Fund Trust
Investment Strategy
The Fund seeks to provide investors with the benefits of flexibility and cost effective implementation within an efficient fund structure, utilizing a modular approach. The Fund employs full replication for the EAFE component of the portfolio via direct stock holdings, and holds units in the fully replicated TD Emerald International Equity Index Fund. Foreign currency exposure is substantially hedged to Canadian dollars utilizing currency forwards. Through this approach, the portfolio mimics the characteristics and return of the EAFE Index.
Investment Objective
The Fund's objective is to track the performance of the MSCI Europe, Australasia and Far East Index or any other index determined by TD Asset Management Inc. (TDAM) used to track the performance of EAFE equity securities (the "EAFE Index"), hedged into Canadian dollars.
Who Should Invest
The Fund is designed for institutional investors seeking cost-effective passive foreign equity exposure without currency risk.
Fund Facts
| Asset Class | Equity |
| Management Philosophy | Passive |
| Inception Date | June 30, 1999 |
| Benchmark | MSCI EAFE Hedged to CAD |
Details
| NAV($) / Yield (%) | 10.3101 (As of January 23, 2020) |
| Distribution Date | December 31, 2019 |
| Income Distribution | 0.3896 |
| Capital Distribution | 0.3116 |
| Total Distribution | 0.7012 |
| AUM (in millions) | 281.26 (As of December 31, 2019) |
| Distribution Frequency | Annual |
*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 | 1.48 | 5.60 | 23.21 | 23.21 | 5.28 | 8.82 | 7.93 | 7.14 | 7.42 | 3.55 |
| Benchmark | 1.51 | 5.67 | 23.33 | 23.33 | 5.28 | 8.88 | 8.09 | 7.53 | 7.64 | 3.94 |
*Performance as of December 31, 2019. Year To Date - performance based on most recent month-end data.
*Benchmark is MSCI EAFE Hedged to CAD
Note: Fund performance is before fees but after expenses
Yearly Performance
| 2018 | 2017 | 2016 | 2015 | 2014 | |
| Fund | -10.04 | 16.26 | 5.30 | 4.05 | 5.89 |
| Benchmark | -10.13 | 16.46 | 5.74 | 5.33 | 5.92 |