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Every year, Fundata Canada Inc. (Fundata) hosts an 'Evening of Excellence' to acknowledge those Canadian investment funds that have maintained an exceptional performance rating over the entire previous calendar year. Since its debut in 2012, The FundGrade A+® award has become a highly prized achievement in the Canadian investment funds industry and has been accepted and embraced by the financial services industry as a truly objective, independent mark of distinction for those funds and fund managers who receive the award. The FundGrade A+® is given annually to investment funds and their managers who have shown consistent, outstanding, risk-adjusted performance through the year.
For the twelfth consecutive year, several mutual funds managed by TD Asset Management Inc. (TDAM) were recognized at the annual Fundata FundGrade A+® Awards. A combination of 18 TD Mutual Funds, TD Managed Assets Program portfolios and TD Exchange-Traded Funds (TD ETFs) won in their respective categories at the 2023 awards, announced Thursday, February 1, 2024. This represents the most FundGrade A+™ Awards received by investment funds managed by TDAM in a single period.
To get his thoughts on these accomplishments, we caught up with David Sykes, Chief Investment Officer, Head of Investments, TDAM and Senior Vice President, TD Bank Group.
First off, congratulations on the awards and accomplishments!
Thank you very much! On behalf of our entire investment management team, I would like to thank Fundata for recognizing multiple investment funds, across several categories, at the 2023 FundGrade A+ Awards. Recognition from Fundata is always a tremendous honour for our TDAM Team. The awards reflect the dedication and expertise of our diverse investment teams. I also want to thank advisors, investors and clients for your continued confidence in our innovative solutions.
I know it takes a lot of effort for this type of success, but what do you feel are the main factors that contributed to this year's accomplishments?
Investment excellence and performance is the top priority for the investment team here at TDAM. Our philosophy is centered around investing in quality businesses with solid long-term prospects. But our philosophy alone isn't enough. Some of the key factors that contribute to our success include a consistent process which requires discipline, and this discipline is ultimately generated through our people. Our performance is the outcome of our philosophy, through our process and people - the 3 p's.
You took over as CIO about 2 years ago now, tell us about the evolution of your portfolio management team since then.
In our business, there is constant change. The markets change, the business evolves, and teams often change. At TDAM, we are always looking for ways to improve how we operate and how we are structured, and in the past two years have made some adjustments. The adjustments are always made with the goal of investment excellence. So, while structure and teams may change, the one thing that remains the same is our philosophy.
What is next for TDAM
As always, we continue to be forward thinking and consistently strive to ensure we provide more optimal solutions to our clients. This is typically done through adding new capabilities to our investment team. For example, several years ago, through the acquisition of Greystone Managed Investments Inc. we added alternative investment capabilities and solutions which increased our breath of experience and depth in solutions. Continuing to leverage this expertise we also recently launched new alternative focused solutions like the TD Alternative Commodities Pool and the TD Global Carbon Credit Index ETF (TCBN).
For a complete list of the winning TD Mutual Funds, TD Managed Assets Program Portfolios and ETFs, please visit our Awards and Recognition page.
The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved.Fundata是市场信息和投资基金数据的领先提供商，服务于加拿大金融服务行业和商业媒体。 The FundGrade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
TD Active Global Enhanced Dividend ETF was awarded the FundGrade A+™ Award in the Global Equity category for the 12-month period ending December 31, 2023 out of a total of 1095 funds.
TD Active Global Equity Growth ETF was awarded the FundGrade A+™ Award in the Global Equity category for the 12-month period ending December 31, 2023 out of a total of 1095 funds.
TD Active Preferred Share ETF was awarded the FundGrade A+™ Award in the Preferred Share Fixed Income category for the 12-month period ending December 31, 2023 out of a total of 45 funds.
TD Growth ETF Portfolio (formerly, TD One-Click Aggressive ETF Portfolio) was awarded the FundGrade A+™ Award in the Global Equity category for the 12-month period ending December 31, 2023 out of a total of 1095 funds.
TD Conservative ETF Portfolio, (formerly, TD One-Click Conservative ETF Portfolio) was awarded the FundGrade A+™ Award in the Global Fixed Income Balanced category for the 12-month period ending December 31, 2023 out of a total of 488 funds.
TD International Equity CAD Hedged Index ETF was awarded the FundGrade A+™ Award in the International Equity category for the 12-month period ending December 31, 2023 out of a total of 370 funds.
TD Q Canadian Dividend ETF was awarded the FundGrade A+™ Award in the Canadian Dividend & Income Equity category for the 12-month period ending December 31, 2023 out of a total of 258 funds.
TD Q Global Dividend ETF was awarded the FundGrade A+™ Award in the Global Equity category for the 12-month period ending December 31, 2023 out of a total of 1095 funds.
TD Q U.S. Small-Mid-Cap Equity ETF was awarded the FundGrade A+™ Award in the U.S. Small/Mid Cap Equity category for the 12-month period ending December 31, 2023 out of a total of 153 funds.
TD Select Short Term Corporate Bond Ladder ETF was awarded the FundGrade A+™ Award in the Canadian Short Term Fixed Income category for the 12-month period ending December 31, 2023 out of a total of 161 funds.
TD Canadian Blue Chip Dividend Fund was awarded the FundGrade A+™ Award in Canadian Dividend & Income Equity category for the 12-month period ending December 31, 2023 out of a total of 258 funds.
TD Canadian Diversified Yield Fund was awarded the FundGrade A+™ Award in the Canadian Neutral Balanced category for the 12-month period ending December 31, 2023 out of a total of 250 funds.
TD Global Equity Focused Fund was awarded the FundGrade A+™ Award in the Global Equity category for the 12-month period ending December 31, 2023 out of a total of 1095 funds.
TD International Index Currency Neutral Fund was awarded the FundGrade A+™ Award in the International Equity category for the 12-month period ending December 31, 2023 out of a total of 370 funds.
TD Managed Aggressive Growth ETF Portfolio was awarded the FundGrade A+™ Award in the Global Equity Balanced category for the 12-month period ending December 31, 2023 out of a total of 704 funds.
TD Managed Balanced Growth ETF Portfolio was awarded the FundGrade A+™ Award in the Global Neutral Balanced category for the 12-month period ending December 31, 2023 out of a total of 888 funds.
TD U.S. Monthly Income Fund was awarded the FundGrade A+™ Award in the Global Neutral Balanced category for the 12-month period ending December 31, 2023 out of a total of 888 funds.
TD U.S. Quantitative Equity Fund was awarded the FundGrade A+™ Award in the U.S. Equity category for the 12-month period ending December 31, 2023 out of a total of 794 funds.
The FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved.年度FundGrade A+®奖项由Fundata Canada Inc.授予，旨在表彰表现最佳的加拿大投资基金。FundGrade A+®计算是FundGrade每月评级的补充，并在每个日历年结束时进行计算。
The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from two to 10 years.然后在计算每月FundGrade时将分数加权平均。 The top 10 per cent of funds earn an A Grade; the next 20 per cent of funds earn a B Grade; the next 40 per cent of funds earn a C Grade; the next 20 per cent of funds receive a D Grade; and the lowest 10 per cent of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year.FundGrade A+®使用GPA式计算，从“A”到“E”的每月FundGrade评级分别获得4到0分。基金全年的平均分数将决定其GPA。GPA为3.5或以上的基金均被授予FundGrade A+®奖。如需了解更多信息，请访问www.FundGradeAwards.com。尽管Fundata尽一切努力确保本页面所含数据的准确性和可靠性，但Fundata并不保证其准确性。
进行互惠基金和/或交易所买卖基金（“ETF”）投资（统称“基金”）可能会产生相关的佣金、管理费和支出。进行互惠基金投资可能会产生相关的尾随佣金。交易所买卖基金单位在证券交易所按市场价格进行买卖，因此收益会因经纪人佣金的支付而减少。在进行基金投资之前，请参阅基金概况或摘要文件及招股章程，其中包含了详细的投资信息。此类基金不在加拿大存款保险局 (Canada Deposit Insurance Corporation) 或任何其他政府存款保险机构的承保范围内，并且无担保或保险。互惠基金价值经常变动。货币市场基金的每单位资产净值不获保证会维持不变，您的投资本金亦不获保证全数归还。过往表现未必会重现。
The TD International Equity CAD Hedged Index ETF is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect.Solactive GBS发达市场 (北美除外) 大中型对冲加元指数 (CA NTR) 由Solactive AG计算并发布。Solactive AG会尽一切努力确保指数计算正确。 Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the TD International Equity CAD Hedged Index ETF. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the TD International Equity CAD Hedged Index ETF constitutes a recommendation by Solactive AG to invest capital in said TD International Equity CAD Hedged Index ETF nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this TD International Equity CAD Hedged Index ETF.
Solactive AG并未赞助、推广、出售或以任何其他方式支持道明国际指数货币中立基金 (“基金”)，也未就使用Solactive GBS发达市场 (北美除外) 大中型对冲加元指数 (CA NTR) 和/或与该指数相关的任何商标或该指数在任何时间点的价格或任何其他方面所取得的结果提供任何明示或暗示的保证或担保。Solactive GBS发达市场 (北美除外) 大中型对冲加元指数 (CA NTR) 由Solactive AG计算并发布。Solactive AG会尽最大努力确保Solactive GBS发达市场 (北美除外) 大中型对冲加元指数 (CA NTR) 计算无误。 Irrespective of its obligations towards TDAM, Solactive AG has no obligation to point out errors in the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index (CA NTR) to third parties including but not limited to investors and/or financial intermediaries of the Fund. Neither publication of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index (CA NTR) by Solactive AG nor the licensing of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index (CA NTR) or any trade mark(s) associated with the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index (CA NTR) for the purpose of use in connection with the Fund constitutes a recommendation by Solactive AG to invest capital in said Fund nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in the Fund.
道明互惠基金和道明资产管理计划投资组合由道明银行 (Toronto-Dominion Bank) 全资子公司道明资产管理有限公司 (TD Asset Management Inc.) 管理，并通过授权经销商销售。
TD ETF由道明银行全资子公司道明资产管理有限公司管理。
道明银行集团 (TD Bank Group) 是指道明银行及旗下提供存款、投资、贷款、证券、信托、保险、 其他产品或服务的附属机构。
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