2015 Target Distribution Rates with Return of Capital

Transcription

1 2015 Target Distribution Rates with Return of Capital

2 2015 Target Distribution Rates with Return of Capital TD Mutual Funds Investor H Premium K TD Income Advantage Portfolio TDB963 TDB393 TDB2005 Annual Distribution Rate % 5.00% 2.09% Monthly Distribution/Unit $ $ $ NAV per unit (as of December 31, 2014) $11.82 $13.44 $10.91 Return of Capital (% of 2014 Distributions) 19.83% 63.46% 23.69% TD Corporate Bond Capital Yield Fund TDB207 TDB2004 Annual Distribution Rate % 3.44% Monthly Distribution/Unit $ $ NAV per unit (as of December 31, 2014) $15.50 $10.02 Return of Capital (% of 2014 Distributions) 69.16% 72.11% TD High Yield Bond Fund TDB626 TDB2020 TDB2026 Monthly Distribution/Unit variable $ variable NAV per unit (as of December 31, 2014) $15.05 Return of Capital (% of 2014 Distributions) 81.86% TD Monthly Income Fund TDB622 TDB398 Annual Distribution Rate % 6.00% Monthly Distribution/Unit $ $ NAV per unit (as of December 31, 2014) $19.94 $13.72 Return of Capital (% of 2014 Distributions) 27.81% 77.18% TD Tactical Monthly Income Fund TDB2580 TDB2586 TDB2593 TDB2559 Annual Distribution Rate % 6.00% 3.25% 6.00% Monthly Distribution/Unit $ $ $ $ NAV per unit (as of December 31, 2014) $11.70 $16.50 $10.83 $14.81 Return of Capital (% of 2014 Distributions) 61.33% 76.73% 54.36% 59.50% TD U.S. Monthly Income Fund TDB2460 TDB2466 TDB2473 Annual Distribution Rate % 6.00% 0.83% Monthly Distribution/Unit $ $ $ NAV per unit (as of December 31, 2014) $13.25 $17.13 $10.84 Return of Capital (% of 2014 Distributions) 58.24% 95.54% 29.34% TD U.S. Monthly Income Fund - C$ TDB2780 TDB2786 TDB2793 Annual Distribution Rate % 6.00% 0.91% Monthly Distribution/Unit $ $ $ NAV per unit (as of December 31, 2014) $12.38 $17.52 $11.91 Return of Capital (% of 2014 Distributions) 43.32% 89.89% 14.90% TD Diversified Monthly Income Fund TDB159 TDB613 Annual Distribution Rate % 6.00% Monthly Distribution/Unit $ $ NAV per unit (as of December 31, 2014) $23.05 $12.61 Return of Capital (% of 2014 Distributions) 39.05% 85.47% TD Strategic Yield Fund TDB2600 TDB2606 TDB2613 Annual Distribution Rate % 7.00% 5.00% Monthly Distribution/Unit $ $ $ NAV per unit (as of December 31, 2014) $10.89 $15.63 $10.31 Return of Capital (% of 2014 Distributions) 60.43% 70.50% 60.87% TD Dividend Income Fund TDB627 TDB271 TDB2924 Annual Distribution Rate 1 n/a 7.00% n/a Monthly Distribution/Unit variable $ variable NAV per unit (as of December 31, 2014) $11.72 Return of Capital (% of 2014 Distributions) 83.41% As of April 8, 2013 this fund was closed to additional investments.

3 TD Mutual Funds Investor H Premium TD Dividend Growth Fund TDB972 TDB298 TDB2926 Monthly Distribution/Unit variable - quarterly $ variable - quarterly NAV per unit (as of December 31, 2014) $11.76 Return of Capital (% of 2014 Distributions) 94.34% TD Canadian Low Volatility Fund TDB2940 TDB2946 TDB2953 Monthly Distribution/Unit variable - quarterly $ variable - quarterly NAV per unit (as of December 31, 2014) $12.75 Return of Capital (% of 2014 Distributions) 25.21% TD U.S. Low Volatility Fund TDB2820 TDB2826 TDB2833 Monthly Distribution/Unit variable - annually $ variable - annually NAV per unit (as of December 31, 2014) $16.61 Return of Capital (% of 2014 Distributions) 58.08% TD North American Dividend Fund TDB619 TDB3001 TDB2930 Monthly Distribution/Unit variable - quarterly $ variable - quarterly NAV per unit (as of December 31, 2014) $16.16 Return of Capital (% of 2014 Distributions) 96.94% Epoch U.S. Shareholder Yield Fund 2 - C$ TDB2960 TDB2966 TDB2973 Monthly Distribution/Unit variable - quarterly $ variable - quarterly NAV per unit (as of December 31, 2014) $16.63 Return of Capital (% of 2014 Distributions) 99.60% TD Global Low Volatility Fund TDB2540 TDB2546 TDB2553 Monthly Distribution/Unit variable - annually $ variable - annually NAV per unit (as of December 31, 2014) $15.46 Return of Capital (% of 2014 Distributions) 80.06% Epoch Global Shareholder Yield Fund 2 TDB231 TDB237 TDB2932 Monthly Distribution/Unit variable - quarterly $ variable - quarterly NAV per unit (as of December 31, 2014) $8.88 Return of Capital (% of 2014 Distributions) 69.34% TD Emerging Markets Low Volatility Fund TDB2840 TDB2846 Annual Distribution Rate 1 n/a 8.00% Monthly Distribution/Unit variable - annually $ NAV per unit (as of December 31, 2014) $14.70 Return of Capital (% of 2014 Distributions) 88.35% TD Retirement Portfolios Investor H Premium K TD Retirement Conservative Portfolio TDB2740 TDB2746 TDB2753 TDB2759 Monthly Distribution/Unit variable - quarterly $ variable - quarterly $ NAV per unit (as of December 31, 2014) $15.13 $14.97 Return of Capital (% of 2014 Distributions) 77.15% 56.26% TD Retirement Balanced Portfolio TDB2760 TDB2766 TDB2773 TDB2779 Monthly Distribution/Unit variable - quarterly $ variable - quarterly $ NAV per unit (as of December 31, 2014) $15.35 $15.06 Return of Capital (% of 2014 Distributions) 70.61% 68.16%

4 TD Advantage Investment Portfolios Investor H TD Advantage Balanced Income Portfolio TDB2060 TDB2066 Annual Distribution Rate 1 n/a 5.00% Monthly Distribution/Unit variable - quarterly $ NAV per unit (as of December 31, 2014) $15.11 Return of Capital (% of 2014 Distributions) 82.12% TD Advantage Balanced Portfolio TDB2080 TDB2086 Annual Distribution Rate 1 n/a 5.00% Monthly Distribution/Unit variable - quarterly $ NAV per unit (as of December 31, 2014) $15.16 Return of Capital (% of 2014 Distributions) n/a 87.55% TD Advantage Balanced Growth Portfolio TDB2100 TDB2106 Annual Distribution Rate 1 n/a 5.00% Monthly Distribution/Unit variable - quarterly $ NAV per unit (as of December 31, 2014) $14.77 Return of Capital (% of 2014 Distributions) 89.57% TD Managed Assets Program Investor H Premium K TD Managed Income Portfolio TBD330 TBD733 TBD170 TBD616 Monthly Distribution/Unit vari. - quar. $ vari. - quar. $ NAV per unit (as of December 31, 2014) $13.55 $13.93 Return of Capital (% of 2014 Distributions) 76.62% 71.06% TD Managed Income & Moderate Growth Portfolio TBD331 TDB735 TBD171 TDB617 Monthly Distribution/Unit vari. - quar. $ vari. - quar. $ NAV per unit (as of December 31, 2014) $12.85 $13.25 Return of Capital (% of 2014 Distributions) 82.54% 85.44% TD Managed Balanced Growth Portfolio TBD332 TDB736 TBD172 TDB618 Monthly Distribution/Unit vari. - quar. $ vari. - quar. $ NAV per unit (as of December 31, 2014) $12.31 $12.85 Return of Capital (% of 2014 Distributions) 89.97% 90.05% TD FundSmart Managed Income Portfolio TBD360 TDB604 TBD180 TDB667 Monthly Distribution/Unit vari. - quar. $ vari. - quar. $ NAV per unit (as of December 31, 2014) $13.18 $13.99 Return of Capital (% of 2014 Distributions) 83.56% 82.24% TD FundSmart Managed Income & Moderate Growth TBD361 TDB607 TBD181 TDB668 Monthly Distribution/Unit vari. - quar. $ vari. - quar. $ NAV per unit (as of December 31, 2014) $12.70 $13.22 Return of Capital (% of 2014 Distributions) 97.15% 95.14% TD FundSmart Managed Balanced Growth Portfolio TBD362 TDB629 TBD182 TDB669 Monthly Distribution/Unit vari. - quar. $ vari. - quar. $ NAV per unit (as of December 31, 2014) $12.00 $12.02 Return of Capital (% of 2014 Distributions) % %

5 To provide you with flexibility, we offer a variety of solutions and purchase options. Descriptions Fund / Portfolio Minimums Investor Series: For clients investing on a no-load basis. Series / Fund Minimum Initial Investment Minimum Additional Investment H-Series: Investors transacting on a no-load basis who wish to receive a regular monthly cash flow from a Fund. Monthly distributions may consist of net income, net realized capital gains and/or a return of capital. Premium Series: For large investors and others who make the required minimum investment, as determined by TD Asset Management Inc. ( TDAM ) from time to time. K-Series: Large investors and others who make the required minimum investment, as determined by TDAM from time to time who wish to receive a regular monthly cash flow from a Fund. Distributions will consist of net income, net realized capital gains and/or a return of capital monthly. Investor Series: $2,000 $100 TD Income Advantage Portfolio TD Advantage Investment Portfolios TD Managed Portfolios TD FundSmart Managed Portfolio Premium Series, K-Series: $150,000 $100 TD Retirement Portfolios TD Managed Portfolios All other Funds: Investor Series $100 $100 H-Series $5,000 $100 Premium Series $100,000 $100 K-Series $100,000 $100

6 1 Target distribution rates are based on Net Asset Value (NAV) per unit (PU) for the Funds. For example, TD Corporate Bond Capital Yield Investor Series: $0.04x12 =$0.48/15.00=3.20%, assuming NAVPU of $15.00 at the time of purchase. The target distribution rates will change with changes in the series NAVPU or monthly distribution per unit (e.g. if TD Corporate Bond Capital Yield Investor Series NAVPU increases to $17, assuming no change in the monthly distribution per unit, distribution rate target decreases from 3.20% to 2.83% (0.04x12/$17). The most recent actual monthly distributions per unit are available on the TD Asset Management Inc. s website at Percentage of Total Distributions Comprising Reinvested Units TD Income Advantage Portfolio 87% TD Global Low Volatility Fund 95% TD Corporate Bond Capital Yield Fund 68% Epoch Global Shareholder Yield Fund 2 66% TD High Yield Bond Fund 85% TD Emerging Markets Low Volatility Fund 99% TD Monthly Income Fund 90% TD Retirement Conservative Portfolio 80% TD Tactical Monthly Income Fund 88% TD Retirement Balanced Portfolio 81% TD U.S. Monthly Income Fund 81% TD Advantage Balanced Income Portfolio 78% TD U.S. Monthly Income Fund - C$ 80% TD Advantage Balanced Portfolio 86% TD Diversified Monthly Income Fund 87% TD Advantage Balanced Growth Portfolio 82% TD Strategic Yield Fund 80% TD Managed Income Portfolio 89% TD Dividend Income Fund 87% TD Managed Income & Moderate Growth Portfolio 90% TD Dividend Growth Fund 81% TD Managed Balanced Growth Portfolio 94% TD Canadian Low Volatility Fund 94% TD FundSmart Managed Income Portfolio 85% TD U.S. Low Volatility Fund - C$ 99% TD FundSmart Managed Income & Moderate Growth Portfolio 76% TD North American Dividend 94% TD FundSmart Managed Balanced Growth Portfolio 40% Epoch U.S. Shareholder Yield Fund 2 - C$ 59% 2 Effective July 24, 2014, TD Global Dividend Fund was renamed Epoch Global Shareholder Yield Fund; TD U.S. Shareholder Yield Fund was renamed Epoch U.S. Shareholder Yield Fund. The information contained herein has been provided by TD Asset Management Inc. ( TDAM ) and is for information purposes only. The information has been drawn from sources believed to be reliable. Where such statements are based in whole or in part on information provided by third parties, they are not guaranteed to be accurate or complete. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual s objectives and risk tolerance. TDAM, The Toronto-Dominion Bank and its affiliates and related entities are not liable for any errors or omissions in the information or for any loss or damage suffered. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, which contains detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. TD Mutual Funds and the TD Managed Assets Program are managed by TDAM, a wholly owned subsidiary of The Toronto-Dominion Bank and are available through authorized dealers. Target distribution rates are based on Net Asset Value (NAV) per unit (PU) for the Fund(s). The target distribution rates will change with the changes in the series NAVPU or monthly distribution per unit. This is a target distribution only, is not guaranteed, may be adjusted from time to time without notice and is not a prediction of future distributions. The most recent actual monthly distributions per unit are available on the TDAM website at tdassetmanagement.com. The payment of distributions should not be confused with a fund s performance, rate of return or yield. If distributions paid by a fund are greater than the performance of the fund, the difference will be deducted from your invested capital. Capital gains taxes deferred will be payable when the units of a fund are sold or to some extent when their adjusted cost basis goes to zero. Returns of capital (ROC) distributions do not constitute part of a fund s rate of return or yield. ROC reduces the adjusted cost base of the units to which it relates. Forward-looking statements ( FLS ) are based on current expectations and projections about future economic, political and relevant market factors in each case assuming no changes to applicable tax or other laws or government regulation. Certain statements in the target annual distribution rates above may constitute FLS, which involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the various TD Mutual Funds to be materially different from any future results, performance, or achievements expressed or implied by such FLS. Specifically, this document contains information about the target annual distribution rates for the funds specified above. Please note that the target annual distribution rates are targets only and are subject to inherent risks and uncertainties. A variety of factors, many of which are beyond TDAM s control, could cause actual annual distribution rates to differ materially from the target annual distribution rates. These factors include the level of redemptions experienced by a fund, the magnitude of the gains and losses realized by a fund, the amount of dividend and interest income received by a fund, and the unrealized investment gain or loss of the fund as at the fund s record date, as well as normal market conditions and trading patterns, all of which could affect a fund s NAVPU or monthly distribution/unit. This list is not exhaustive of the factors that may affect any of the target annual distribution rates. These and other factors should be considered carefully and readers should not place undue reliance on the target annual distribution rates. Therefore, the monthly distribution/unit may be materially higher or lower than those set out above. The target annual distribution rates are based on currently available information. Although TDAM may provide target annual distribution rates for a fund, TDAM does not guarantee the amount that the fund will make in monthly distributions/unit. TDAM does not undertake to update target annual distribution rates. All trademarks are the property of their respective owners. The TD logo and other trade-marks are the property of The Toronto-Dominion Bank. (0215)