Institutional Funds

Investment Strategy

The Fund seeks to achieve long-term performance in excess of the FTSE Canada Universe Bond Index through TD Asset Management Inc.'s (TDAM) active fundamental fixed income approach. The Fund maintains a diversified portfolio of Canadian investment-grade fixed income securities.

TDAM's active fundamental fixed income philosophy is grounded in an established set of guiding principles that stress extensive independent credit research, and sound yield and credit curve analysis. TDAM believes that applying these principles through a highly disciplined portfolio construction methodology is the most predictable way to generate competitive risk-adjusted returns when measured against any given benchmark.

Investment Objective

The investment objective of the Fund is to outperform the FTSE TMX Canada Universe Bond Index by 0.50% per annum over the long-term.

Who Should Invest

The Fund is designed for institutional investors who wish to achieve long-term performance in excess of the FTSE Canada Universe Bond Index through active fundamental fixed income management.

Fund Facts

Asset Class	Mid Fixed Income
Management Philosophy	Active Fundamental
Inception Date	June 30, 1989
Benchmark	FTSE Canada Universe Bond Index

Details

NAV($) / Yield (%)	13.2261 (As of February 25, 2021)
Distribution Date	December 31, 2020
Income Distribution	0.4156
Capital Distribution	0.3380
Total Distribution	0.7536
AUM (in millions)	1,845.05 (As of January 31, 2021)
Distribution Frequency	Annual

Performance

	1 M	3 M	YTD	1 Y	2 Y	3 Y	4 Y	5 Y	10 Y	Since Inception
Fund	-0.73	1.30	-0.73	6.31	7.94	6.48	5.38	4.66	4.88	7.29
Benchmark	-1.11	0.27	-1.11	4.44	6.46	5.50	4.57	3.87	4.42	6.98

Note: Fund performance is before fees but after expenses

Yearly Performance

	2020	2019	2018	2017	2016
Fund	10.39	7.95	1.35	2.78	2.19
Benchmark	8.68	6.87	1.41	2.52	1.66