TORONTO, July 18, 2025 - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds and TD Managed Assets Program ("TD MAP") Portfolios (collectively, the "Funds"), today announced fund mergers and terminations, as indicated below.

Fund Mergers

Effective on or about October 24, 2025 (the "Effective Date"), TDAM will merge each of the Discontinuing Funds (the “Discontinuing Funds”) into each of the corresponding Continuing Funds (the “Continuing Funds”) as indicated in the table below, on a tax-deferred basis (collectively, the "Mergers").

TD FundSmart Managed Portfolios Mergers
 

Discontinuing Fund	Continuing Fund
道明精选基金管理积极增值投资组合	道明管理积极增值投资组合
道明精选基金管理均衡增值投资组合	道明管理平衡增值投资组合
道明精选基金管理收入及温和增值投资组合	道明管理收益与适度增值投资组合

 

The decision to merge the TD FundSmart Managed Portfolios will further optimize portfolio management efficiency within TDAM's managed portfolio programs. TDAM believes the Mergers are in the best interests of the Discontinuing Funds.

The Independent Review Committee of each of the Discontinuing Funds considered the Mergers and after determining that they achieve a fair and reasonable result for the Discontinuing Funds provided a positive recommendation in respect of each of the Mergers.

None of the Discontinuing Funds or Continuing Funds will bear any of the costs or expenses of the Mergers. Such costs will be borne by TDAM.

Securityholders of each Discontinuing Fund will receive units of the equivalent series of the respective Continuing Fund, determined on a dollar-for-dollar basis. Each Discontinuing Fund will be wound up as soon as reasonably possible following its merger.

Securityholders may redeem or switch their holdings of a Discontinuing Fund until market close on the Effective Date.

 

Termination of certain TD Mutual Funds

Effective on or about October 24, 2025, TDAM will terminate the following funds (the "Terminating Funds"):

• 道明全球保守机会基金
• 道明全球平衡机会基金
  
  

Effective today, the Terminating Funds will no longer accept additional purchases, including purchases made through Pre-Authorized Purchase Plans and Pre-Authorized Contribution Plans. Securityholders may redeem or switch their holdings of a Terminating Fund for settlement on, or prior to, market close on October 24, 2025. TDAM will not charge securityholders any short-term trading fees, sales charges or other fees related to transactions involving the Terminating Funds.

On or about October 24, 2025, TDAM will liquidate the holdings of the Terminating Funds at fair market value, determine distributions and distribute the net assets to securityholders.

If a Terminating Fund is held in a non-registered account, redemptions of securities from the termination will be treated as a taxable disposition and may result in capital gains or losses. There will be no immediate tax implication of the redemption of securities from the Terminating Fund if held within a registered plan.

A notice will be sent to each securityholder of the Terminating Funds and Discontinuing Funds regarding the mergers and terminations at least 60 days prior to these changes taking effect.

进行互惠基金投资可能需要负担相关佣金、尾随佣金、管理费以及支出。请在投资前阅读基金概况和招股说明书，内附详细的投资信息。互惠基金不受到保证或保险，其价值经常变动，而且过往表现可能无法再现。互惠基金策略和当前所持资产可能会有变动。

TD Mutual Funds and TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.

® TD标志和其他TD商标为道明银行或其子公司的产权。

About TD Asset Management Inc.

TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $496 billion in assets. Aggregate statistics are as of March 31, 2025, for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank.

SOURCE: TD Asset Management Inc.

For further information: Alicia Skrinjar, TD Bank Group, alicia.skrinjar@td.com