TDAM makes changes to ETFs

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TD Asset Management Inc. (TDAM) is making changes to TD ETFs, including index, name and management fee changes.

Changes will be effective around Nov. 20 and TDAM will provide at least 30 days’ written notice to those unitholders, a release said.

TDAM is changing the underlying index of each ETF from an index provided by S&P Opco, LLC, a subsidiary of S&P Dow Jones Indices LLC, to an index provided by Solactive AG.

Changes to the underlying indexes align with current investment objectives and strategies of each ETF and will provide investors with substantially the same exposure to the asset classes, sectors and geographic regions to which each ETF is currently exposed, the release said. There will be no changes to distribution policies or risk ratings.

As a result of the change in the underlying index, the names of three ETFs are changing:

Ticker	Current name	New Name
TTP	TD S&P/TSX Capped Composite Index ETF	TD Canadian Equity Index ETF
TPU	TD S&P 500 Index ETF	TD U.S. Equity Index ETF
THU	TD S&P 500 CAD Hedged Index ETF	TD U.S. Equity CAD Hedged Index ETF

TDAM will lower the management fee on the ETFs in the table below:

Ticker	Current name	Current management fee	New management fee
TDB	TD Canadian Aggregate Bond Index ETF	0.10%	0.08%
TTP	TD S&P/TSX Capped Composite Index ETF	0.07%	0.05%
TPU	TD S&P 500 Index ETF	0.10%	0.08%
THU	TD S&P 500 CAD Hedged Index ETF	0.10%	0.08%

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