Investment Objective
The fundamental investment objective is to seek to earn interest income through investing primarily in fixed-income securities of issuers anywhere in the world.
Benchmark Statement
Citigroup World Government Bond Index (WGBI) - unhedged (C$)
Recommended For
This Fund may be suitable for medium to long-term investors who would like to have some foreign currency exposure and are contributing to the income portion of a diversified portfolio. Investors in this Fund should be willing to accept a low to moderate level of risk.
Why Invest
The Fund is an excellent way to diversify the fixed income portion of your portfolio.
Provides exposure to fixed income products around the world.
The Fund is managed by the talented team who also manages the award-winning TD Short Term Bond Fund and TD Canadian Bond Fund.
Portfolio Update
Overall, the performance of global bonds was mixed in July. The Fund’s allocation to high-yield bonds sits at 15 percent, with a yield of 6.6 percent. The Fund remains overweight Canadian, European and Australian bonds and underweight Japanese and British bonds. The Fund is underweight the British pound, euro and Japanese yen against overweight positions in the U.S. and Canadian dollars. While the recent flight to quality has led to lower bond yields, the portfolio adviser sees a longer-term bias for yields to rise. Therefore, as part of the portfolio adviser’s commitment to seeking the best risk-adjusted returns, the duration is currently lower than benchmark, though yield remains higher than benchmark at 3.7 percent.
(July 31, 2010)
General Description
| Fund Codes:
|
TDB450
|
| Minimum non-RSP Investment:
|
$ 500.00
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| Minimum RSP Investment:
|
$ 500.00
|
| Minimum Subsequent Investment:
|
$ 100.00
|
| Early Redemption:
|
Up to 2.00% of purchase cost if redeemed within 30 days of purchase.
|
|
MER:
|
0.84% as of December 31, 2009.
|
| Sector Class:
|
Global Fixed Income
|
| Inception Date:
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Nov. 1, 2005
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| Assets:
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$ 152.32 million as of Aug. 31, 2010.
|
| Minimum PPP Amount:
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$25.00
|
|
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