A Mutual Funds Representative with TD Investment Services Inc. will help you choose the right mutual fund for you and will be available to help you every step of the way.
There are over 60 different
Morningstar®, Canada's leading source for independent mutual fund investment analysis, has consistently ranked
TD has a range of high-quality mutual funds to match your investing needs and a Mutual Funds Representative with TD Investment Services Inc. will help you choose the mutual funds that are suitable for you. They can also answer any questions you may have along the way.
A Money Market Fund may be a good choice if you are looking for a short-term, low-risk investment. This means that it is a relatively safe investment that is designed to give you a steady stream of interest income.To learn more about specific Money Market Funds, select a fund from the list below:
A Fixed Income Fund is generally considered to be a medium-term investment. Compared to money market funds, these funds typically distribute interest income and offer a higher potential return.To learn more about specific Fixed Income Funds, select a fund from the list below:
A Balanced Fund offers you the best of both worlds: the stability of bonds and the growth potential of stocks. By investing in a mix, you're helping to minimize your risk.To learn more about specific Balanced Funds, select a fund from the list below:
A Growth Fund offers long-term growth potential for investors who are willing to accept a medium to high degree of risk. A Growth Fund, also called an Equity Fund, invests your money mainly in publically traded stocks.To learn more about specific Canadian Equity Funds, select a fund from the list below:
A Sector Fund is a mutual fund that is invested in a specific industry sector. While sector funds come with a high degree of risk, they also have the highest potential for return.To learn more about specific Sector Funds, select a fund from the list below:
An Index Fund is managed to match or track the components of one or more market indices. Among the most well-known market indices are Standard & Poor's 500 Index (S&P 500) and the Dow Jones. An Index Fund combines long-term growth potential, low operating expenses, diversification and potential tax-efficiencies.To learn more about specific Index Funds, select a fund from the list below:
We've provided answers to some of the most common questions people have about mutual funds.
The Six Steps to Building a Financial Plan is an effective way to get started on the road toward financial peace of mind.
Once you have a better idea of where you are now and where you want to be in the future, we recommend that you work with a
You'll benefit from a diversified portfolio that reflects your personal investment needs and objectives.
Once you've created a personalized investment portfolio, you can conveniently access your account - as well as make account transactions - anywhere, anytime.
EasyWeb Internet Access is available 24 hours a day, seven days a week - free of charge. The cut-off time for online Mutual Funds transactions is 3 p.m. ET. Any transaction after this time will be processed as of the next valuation day.
EasyLine, a fully automated touchtone telephone service provided by
Or simply visit any
Since mutual funds qualify as securities and not deposits, they are not guaranteed, their values change frequently and past performance may not be repeated.
However, fund managers and the funds themselves operate under strict securities regulations. For example, mutual funds are owned by the unitholders (people who own the mutual fund) and are separate legal entities from the companies that operate them. Securities legislation also requires that mutual fund assets be held in trust by a custodian on behalf of unitholders.
You can choose funds that invest in money market investments such as government issued treasury bills, income investments such as bonds, or equity investments such as stocks of corporations, both domestic and international.
Some funds are broadly diversified, while others target an asset class or a specific sector of the economy, such as international bonds or science and technology stocks. Others aim to replicate the performance of a well-known index, such as the S&P/TSX Composite Index in Canada or Standard & Poor's (S&P) 500 in the United States.
While there are hundreds of choices, each mutual fund will fall into one of the three main asset classes: safety, income or growth. Or, you can choose a balanced fund which is actively managed to maintain a mix of various asset classes.
The minimum initial investment for TD Mutual Funds is $100 for a non-registered account and $100 for an RSP account. The minimum subsequent investment is $100 for both types of accounts.
A TD Mutual Funds Pre-Authorized Purchase Plan is a convenient and affordable way to build your savings. You can start with as little as $25 per fund per transaction and this amount can be automatically deducted from your bank account on a weekly, bi-weekly, semi-monthly, monthly, quarterly, semi-annual, or annual basis.
Transfers between TD Mutual Funds are free, however, a 2% early redemption fee is payable to all funds except money market funds if you transfer or sell units of these funds within 30 days (90 days for
Frequent trading can hurt a fund's performance by forcing the portfolio manager to keep more cash in the fund than would otherwise be needed or to sell investments at an inappropriate time. It may also increase a fund's transaction costs.
Mutual funds are sold through registered Mutual Funds Representatives or other registered advisors with mutual fund or securities dealers associated with banks, trust companies and insurance companies in Canada.
At TD, you can purchase
Net income and net realized capital gains earned by a mutual fund are generally passed on to investors in the form of distributions. The frequency of distributions will vary depending on the mutual fund but will generally be monthly, quarterly or annually.
You can also earn a capital gain when you sell your mutual fund or switch from one mutual fund to another at a price higher than you paid.
The tax treatment of distributions received or capital gains realized will depend upon the type of account in which you hold the investment.
If you hold a mutual fund in a registered plan (such as an RSP, RIF, RESP or TFSA) distributions paid by a mutual fund and any capital gains realized are generally sheltered from tax. Any amount you withdraw from a registered plan (excluding a TFSA) is generally fully taxable. Amounts withdrawn from a TFSA are not taxable.
If you hold a mutual fund in a non-registered account, distributions paid by the mutual fund are taxable whether they are received in cash or reinvested into the mutual fund. You will receive a T3 Supplementary/Relevé 16 tax slip which will tell you the amount and type of income to report on your tax return. You must also include in your taxable income any capital gains realized from selling or switching your mutual fund. It's up to you to calculate and report the capital gains you realize on your transactions. Although an official tax slip is not required, mutual fund companies are required to report all sales or switches to Canada Revenue Agency.
Book value is the original cost of purchases and reinvested distributions minus the average cost of any redemptions. Average cost per unit is used to calculate any capital gains or losses you may earn when you sell or transfer units of a fund you hold in a non-registered account. The average cost per unit is the book value of your fund divided by the number of units you hold.
Technically speaking, there's a difference between a global fund and an international fund, from a North American perspective. A global fund may invest in all the markets of the world, including North America, whereas an international fund generally excludes North America.
While past performance does not guarantee future growth, annualized returns for different periods (e.g. 1-year, 3-years, 5-years, 10 years) are often used to compare funds and the quality of their management. Most major daily newspapers publish mutual funds performance tables each month for periods ranging from one month to 10 years or more.
Comparing a fund with others in its peer group is a good way to evaluate past performance. Mutual fund tables make it easy by grouping similar funds together. The ability to consistently outperform its peers is one sign of a good-quality fund.
To make a fair comparison, it is important to recognize that all funds in one category are not the same. For example, some Canadian equity funds are managed conservatively, while others aggressively pursue growth. One fund manager may emphasize longer-term value, while another may actively trade investment positions at different times in the market cycle. If in doubt, find out from the fund company, the simplified prospectus or the fund facts sheet, what the fund's investment objectives are and how the fund is managed. While some performance numbers can be very attractive, you may discover that the fund's investments are too risky for you.
While market timing is not illegal, our funds are designed for long-term mutual fund investors. TDAM started to charge an early redemption fee (ERF) for most
The original purchase price (cost) of your investment plus re-invested distributions valued at the time of purchase.
A per-share payment designated by a company's board of directors to be distributed among shareholders. For preferred shares, it is generally a fixed amount. For common shares, the dividend varies with the fortunes of the company and the amount of cash on hand. Dividends are passed to mutual fund investors in the form of distributions.
An Index Fund matches or tracks the components of one of the market indices on the stock market. Among the most well-known market indices are Standard & Poor's 500 Index (S&P 500) and the Dow Jones Industrial Average.
Managers of growth mutual funds typically invest the majority of their fund's assets in growth stocks. These are stocks of companies that are expected to grow at an above-average rate. This growth may be in the form of earnings, cash flow, revenue or volume.
Managers of value mutual funds invest in companies that they feel are trading below their estimated true (or intrinsic) value. Over time, these managers believe that the market will come to recognize the value of the business and the stock price will move up accordingly.