TDAM said the income fund’s investment objective seeks to provide a consistent level of monthly income in US dollars by investing mainly in, or obtaining exposure to, income-producing securities, with capital appreciation as a secondary objective.
According to TDAM, income-producing securities may include, but are not limited to, dividend-paying common shares and preferred shares, bonds, exchange-traded funds and real estate investment trusts.
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The management team for the fund includes David Sykes, vice president and director at TDAM, Glenn Davis, managing director at TDAM USA Inc.and Geoff Wilson, also a managing director at TDAM.
TD Mutual Funds president Thomas Dyck said this fund offers investors looking for a US dollar income stream the benefit of TDAM’s long-term investment approach, an opportunity to have exposure to US dividend-paying securities, and access to an award-winning fixed income management team.
TD Mutual Funds is also expanding its US dollar purchase options to the Investor, Advisor and F-Series (eligible for fee-based accounts) of the TD US Large-Cap Value Fund, and the Advisor and F-Series of the TD US Mid-Cap Growth Fund.
These funds are sub-advised by US money management firm T. Rowe Price Associates.
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