Institutional Funds

Investment Strategy

The Fund aims to provide broad exposure to the global equity market by closely matching key attributes of the MSCI World ex-Canada Total Return Index ND – C$. The Fund employs full replication techniques for its U.S. equity component via direct stock holdings, and holds units in the fully replicated TD Emerald International Equity Index Fund for its international equity component. Through this approach, the Fund mimics the key characteristics and return of the benchmark, net of dividend withholding taxes. 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 investment objective of the Fund is to provide performance similar to the performance of the MSCI World ex-Canada TRI ND(C$).

Who Should Invest

The Fund is designed for institutional investors seeking benchmark return and exposure to a broad base of global developed market equities.

Fund Facts

Asset Class	Global Equity
Management Philosophy	Passive
Inception Date	August 31, 1999
Benchmark	MSCI World ex-Canada TRI ND (C$)

Details

NAV($) / Yield (%)	11.6413 (As of January 20, 2021)
Distribution Date	December 31, 2020
Income Distribution	0.1872
Capital Distribution	0.1279
Total Distribution	0.3151
AUM (in millions)	824.15 (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	2.50	8.71	14.43	14.43	17.89	11.63	12.41	10.55	13.20	4.90
Benchmark	2.50	8.69	14.23	14.23	17.68	11.41	12.19	10.35	12.98	4.86

Note: Fund performance is before fees but after expenses

Yearly Performance

	2019	2018	2017	2016	2015
Fund	21.45	0.09	14.77	3.43	20.27
Benchmark	21.22	-0.15	14.58	3.27	20.04