Institutional Funds

Investment Strategy

The Fund aims to provide broad exposure to the international equity market by closely matching key attributes of the MSCI EAFE ND Index – Hedged C$. The Fund holds units in the fully replicated TD Emerald International Equity Index Fund. Foreign currency exposure is substantially hedged to Canadian dollars using currency forwards. The Fund is managed based on the belief that indexing reduces portfolio risk by investing in a comprehensive range of securities, while lowering costs compared with more active approaches.

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	International Equity
Management Philosophy	Passive
Inception Date	June 30, 1999
Benchmark	MSCI EAFE Hedged to CAD

Details

NAV($) / Yield (%)	10.2682 (As of January 26, 2021)
Distribution Date	December 31, 2020
Income Distribution	0.2218
Capital Distribution	0.0000
Total Distribution	0.2218
AUM (in millions)	210.95 (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	2.51	11.40	0.52	0.52	11.29	3.67	6.68	6.41	7.06	3.41
Benchmark	2.53	11.45	0.50	0.50	11.33	3.66	6.72	6.52	7.19	3.78

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	23.21	-10.04	16.26	5.30	4.05
Benchmark	23.33	-10.13	16.46	5.74	5.33