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ETF
/ Fixed Income
Fund Overview
Risk Analysis
Fund Objectives
TD Select U.S. Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to the performance of a diversified portfolio of primarily investment-grade U.S. corporate bonds, divided (“laddered”) into five groupings with staggered maturities from approximately one to five years. The TD ETF may also seek added value from non-investment-grade debt instruments to enhance total return.
Investment Approach
TD Select U.S. Short Term Corporate Bond Ladder ETF will invest primarily in investment-grade U.S. corporate bonds denominated in U.S. dollars. In addition, the TD ETF may invest in non-investment-grade bonds denominated primarily in U.S. dollars. The portfolio manager will use fundamental credit research and quantitative screens to narrow the universe of U.S. dollar-denominated corporate bonds rated BBB or higher to create a "selection universe". The selection universe will be divided up into five term groupings of bonds maturing from 0-1.49 years, 1.5-2.49 years, 2.5-3.49 years, 3.5-4.49 years and 4.5-5.5 years. Bonds will usually remain in their term group until the next reconstitution date, done quarterly. Each term grouping is expected to represent approximately 20% of the TD ETF and bonds from the selection universe will be selected for each term grouping by yield, subject to the portfolio manager’s discretion, on an approximately equally weighted basis. The TD ETF may invest in non-investment-grade bonds with terms to maturity up to 5.5 years, rated B or higher at the time of purchase, to an extent that will vary from time to time but is not typically expected to exceed 25% of its assets. Investments in non-investment-grade bonds will be integrated into the term groupings such that each term grouping continues to represent approximately 20% of the overall TD ETF. The proportion of investment-grade to non-investment-grade bonds may differ from term grouping to term grouping.
Key Facts
Portfolio Adviser
TD Asset Management Inc.
Category
Global Corporate Fixed Income
Benchmark
Bloomberg Barclays US Corporate 1-5 Years Total Return Index (Value Unhedged)
Max Mgmt Fee (%)
0.25
Total Fund Assets (Millions)**
(updated monthly) $14.23
Asset Class
Fixed Income
Eligibility for Registered Plans
Yes
Ex-Dividend Date
Jan 30, 2025
Record Date
Jan 30, 2025
Pay Date
Feb 6, 2025
Daily Volume
(updated daily) 1,600
Units Outstanding
(updated daily) 975,000
Performance Overview
Growth of 10k Chart : Line Graph displaying the Growth of $10k
Historical Performance (%)
Performance as of Jan 31, 2025
Inception Date: Nov 8, 2018
Calendar Performance (%)
Performance as of Jan 31, 2025
Portfolio Analysis
Asset Mix
Fund documents and Resources
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NOTE: THIS TD ETF profile (the "Profile") IS NOT A REGULATORY ETF FACTS DOCUMENT AND IS FOR INFORMATIONAL PURPOSES ONLY. In contrast, ETF Facts are prescribed documents that are updated annually or more frequently as required (i.e., if there is an amendment, etc.). To access the ETF Facts, please download it from the Fund Documents and Resources section of the digital fund card page.
The performance and portfolio analysis information displayed in the Profile may have different as of dates as indicated
The information contained in this Profile is based on information available as at the date indicated on the Profile page and does not necessarily reflect subsequent changes in market conditions. This information has been drawn from sources believed to be reliable. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. This Profile does not provide financial, legal, tax or investment advise. Particular investment, tax, or trading strategies should be evaluated relative to each individual objectives and risk tolerance.
The Growth Data Table represents a hypothetical investment of the ETF over the last 10 years, or from the last day of the since inception month for ETFs with less than 10 years of performance history.
The Top Ten Holdings may change due to ongoing portfolio transactions within the ETF.
The MER percentage is based on actual expenses reported in the ETF's most recent Semi-Annual or Annual Management Report of Fund Performance. expressed on an annualized basis.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and the ETF Facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. Index returns do not represent TD ETF returns. The indicated rates of return are the historical total returns for the periods including changes in unit value and reinvestment of all distributions and do not take into account redemption, commission charges or income taxes payable by any unitholder that would have reduced returns. Past performance may not be repeated.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.
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