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What is a Pre-Authorized Purchase Plan (PPP)?

TD's Pre-Authorized Purchase Plan is a systematic investment program that allows you to invest as little as $25 per month. In the TD Managed Assets Program, the minimum lump sum amount must be met prior to establishing a PPP. Under the Pre-Authorized Purchase Plan, the amount you select is automatically deducted from your bank account at regular intervals and invested in the fund. By investing a fixed amount at regular intervals, you automatically buy more units when prices are low and fewer units when prices are high. While this technique doesn't guarantee a profit or protect against a loss, it usually results in a lower average unit cost over time.