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Institutional Funds
TD Emerald Hedged U.S. Market 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 U.S. equity component of the portfolio via direct stock holdings, and holds units in the fully replicated TD Emerald U.S. Market 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 S&P 500 Hedged Total Return Index.
Investment Objective
The Fund's objective is to track the performance of a broad based U.S. equity market index that measures the return of large-capitalization U.S. stocks, hedged into Canadian dollars.
Who Should Invest
The Fund is designed for institutional investors seeking cost-effective passive U.S equity exposure without the currency risk.
Click here to view Strategy Overview
Fund Facts
| Asset Class | Equity |
| Management Philosophy | Passive |
| Inception Date | August 14, 1997 |
| Benchmark | 85% S&P 500 Hedged Total Return Index - C$, 15% S&P 500 Hedged Price Index - C$ |
Details
| NAV($) / Yield (%) | 12.1758 (As of January 23, 2020) |
| Distribution Date | December 31, 2019 |
| Income Distribution | 0.2776 |
| Capital Distribution | 0.0000 |
| Total Distribution | 0.2776 |
| AUM (in millions) | 89.08 (As of December 31, 2019) |
| Distribution Frequency | Annual |
*Rates of return are time-weighted, reflecting income during the period but do not include any deduction for management fees.
Performance
| 1 M | 3 M | YTD | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y | 10 Y | Since Inception | |
| Fund | 2.86 | 8.78 | 29.25 | 29.25 | 10.14 | 13.53 | 12.92 | 10.33 | 12.63 | 6.66 |
| Benchmark | 2.90 | 8.85 | 29.48 | 29.48 | 10.34 | 13.72 | 13.09 | 10.54 | 12.95 | 7.17 |
*Performance as of December 31, 2019. Year To Date - performance based on most recent month-end data.
*Benchmark is 85% S&P 500 Hedged Total Return Index - C$, 15% S&P 500 Hedged Price Index - C$
Note: Fund performance is before fees but after expenses
Yearly Performance
| 2018 | 2017 | 2016 | 2015 | 2014 | |
| Fund | -6.15 | 20.63 | 11.11 | 0.56 | 13.76 |
| Benchmark | -5.98 | 20.80 | 11.22 | 0.91 | 14.33 |