ETF / Fixed Income

TD Target 2025 Investment Grade Bond ETF

Fund Code / Ticker Symbol
TBCE
Closing Price
as of Dec 13, 2024
$25.52

$0.00  0.00%

NAV
as of Dec 13, 2024
$25.51

$+0.00 +0.01%

MER
as of Jun 30, 2024
0.23%

Fund Overview

Risk Analysis

Fund Objectives

TD Target 2025 Investment Grade Bond ETF seeks to provide regular income and preserve capital by investing primarily in a portfolio of investment-grade Canadian corporate bonds denominated in Canadian dollars each maturing in 2025, which corresponds to the expected year of termination of the TD ETF. It is anticipated that the TD ETF will cease trading and be delisted on or about November 30, 2025, with wind-up and termination occurring shortly thereafter.

Investment Approach

The portfolio adviser seeks to achieve the investment objectives of the TD Target Maturity Canadian Bond ETFs by investing primarily in a portfolio of investment-grade Canadian corporate bonds denominated in Canadian dollars. As target maturity funds, each TD Target Maturity Canadian Bond ETF has a pre-determined, specified, lifespan. It is therefore anticipated that, outside of the exception noted below, bonds held by a TD Target Maturity Canadian Bond ETF will mature in the same year the TD Target Maturity Canadian Bond ETF is expected to terminate.

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Key Facts

Portfolio Adviser
TD Asset Management Inc.
Category
Canadian Short Term Fixed Income
Benchmark
ICE BofA 1-3 Year Canada Corporate Index

Benchmark Details

Max Mgmt Fee (%)
0.20
Total Fund Assets (Millions)**
(updated monthly) $111.05
Asset Class
Fixed Income
Eligibility for Registered Plans
Yes
Ex-Dividend Date
Record Date
Pay Date
Daily Volume
(updated daily)
Units Outstanding
(updated daily)

Portfolio Analysis

Asset Mix


  • Sector Mix

    All sectors may not add up to 100% due to rounding.

    Cash and Cash Equivalent
    81.70%
    Fixed Income
    16.50%
    Other
    1.90%
  • Fund Geography

    All regions may not add up to 100% due to rounding.

    Canada
    98.10%
    Other
    1.90%
  • Top Ten Holdings

    Toronto-Dominion Bank 3.11% 22-Apr-2025
    5.72%
    Bell Canada 3.35% 12-Jan-2025
    4.78%
    Bank of Montreal 2.37% 03-Jan-2025
    4.77%
    Federation Csses Desjardins Qc 2.86% 26-May-2025
    4.77%
    Rogers Communications Inc 3.10% 15-Apr-2025
    3.95%
    Ford Credit Canada Co 6.78% 15-Sep-2025
    3.91%
    Federation Csses Desjardins Qc 5.20% 01-Oct-2025
    2.9%
    Canadian Western Bank 3.86% 21-Apr-2025
    2.87%
    Heathrow Funding Ltd 3.25% 21-May-2025
    2.45%
    Enbridge Inc 2.44% 02-May-2025
    2.08%

  • Characteristics

    Number of Holdings
    (updated daily)
    61
    Weighted Avg.
    (updated monthly)
    Term Maturity
    0.58
    Coupon
    3.32
    Current Yield
    3.3200
    Current Yield To Maturity
    3.9000
    Duration
    0.57
  • Trading Information

    Ticker Symbol
    TBCE
    Exchange
    TSX
    Currency
    CAN
    Investment Program (Drip)
    Yes
    CUSIP#
    87252E101
    SEDOL#
    NA0
    ISIN
    CA87252E1016

Fund documents and Resources

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Managers

Managing Director, Lead of High Yield Fixed Income
Vice President, Active Fixed Income Portfolio mgmt

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Important Fund Information

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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