Institutional Investing

Institutional Funds

TD Emerald Systematic Alpha Hedged U.S. Equity Pooled Fund Trust

Investment Strategy

The portfolio of the Fund consists primarily of securities which are included in the benchmark. The investment process will utilize a proprietary quantitative model that combines fundamental insight and quantitative rigour to create a multi-factor adaptive model that forecasts the relative attractiveness of securities in the selection universe. Based on the predictions of the model, the portfolio manager will seek to overweight stocks that are expected to outperform and underweight stocks that are expected to underperform, while maintaining overall risk characteristics similar to the benchmark. The Fund is expected to be broadly diversified and comprised of a large number of securities, but will not necessarily include all securities included in the benchmark.

The Fund will also implement a currency hedge by selling foreign exchange forward contracts. The Fund is then able to lock in current exchange forward rates and manage its currency risk. Profits (losses) from the forward contracts are offset by losses (profits) in the value of the currency, thereby negating exposure to the currency.

The  enhanced equity strategy is based on the following beliefs:
* Inefficiencies in markets create exploitable market anomalies
* Quantitative investment strategies are well suited to identify and draw on these inefficiencies
* Comprehensive risk management fosters optimal risk-adjusted returns

Investment Objective

The investment objective of the Fund is to enhance the performance of the Fund in relation to the performance of the S&P 500 Hedged Canadian Dollar Total Return Index over the long term.

Who Should Invest

The Fund is designed for Canadian registered pension plans, qualifying foundations, endowments and charities who are exempt from income tax in Canada and the U.S. in respect of dividend or interest income in the U.S., who are seeking to outperform the S&P 500 Hedged Total Return Index - C$ over the long term, while maintaining a risk profile similar to the index.

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Fund Facts
Asset ClassEquity
Management PhilosophyActive Quantitative
Inception DateOctober 05, 2006
BenchmarkS&P 500 Hedged TRI
NAV($) / Yield (%)0.0000 (As of March 21, 2019)
Distribution DateDecember 29, 2017
Income Distribution0.1570
Capital Distribution0.8734
Total Distribution1.0304
AUM (in millions)- (As of -)
Distribution FrequencyAnnual

*Rates of return are time-weighted, reflecting income during the period but do not include any deduction for management fees.

1 M3 MYTD1 Y2 Y3 Y4 Y5 Y10 YSince Inception

*Performance as of -. Year To Date - performance based on most recent month-end data.

*Benchmark is S&P 500 Hedged TRI

Note: Fund performance is before fees but after expenses

Yearly Performance
June 26, 2019