January 24 2023

Announcement: TD Greystone Target Date Plus Funds Added to the Core Investment Platform of Sun Life Group Retirement Services

5 min read

TD Asset Management Inc. (TDAM) is pleased to advise that on January 23, 2023, Sun Life Group Retirement Services (GRS) announced the addition of the TD Greystone Target Date Plus Funds to its Core investment platform effective March 2023.

Please take a moment to read the announcement from Sun Life below:

"Sun Life Group Retirement Services (GRS) is pleased to announce the upcoming addition of the TD Greystone Target Date Plus Series of Segregated Funds (the Funds). The Funds will be available on our Core investment platform in March 2023. Given the importance of target date funds in Capital Accumulation Plans, we’re providing this update ahead of their official launch on platform. We’ll provide more details closer to when the Funds become available.

About the TD Greystone Target Date Plus Funds

The Funds were created in 2014 and the series currently consists of nine funds that range in target maturity from 2025 to 2060, in 5-year increments, and a retirement fund. The Funds are a unique offering on the Core platform, due to their significant allocation to alternative asset classes. The Funds each invest 20-25% in alternatives, which consist of Canadian and global real estate, global infrastructure and commercial mortgages. This allocation to alternatives has the potential for improved risk and return characteristics, when compared to other existing target date funds available on the Core platform, which currently include minimal or no allocation to direct alternatives.

The Funds’ objective is to seek to deliver strong long-term returns and reduce volatility of each vintage as the maturity date approaches. To reduce the Funds’ volatility as the maturity date nears, investments in risker assets (i.e., equities) will decrease, while investments in lower risk assets (i.e., fixed income) will increase. Primary investments include: i) equity, ii) bonds, iii) global & Canadian real estate, iv) infrastructure, and v) commercial mortgages."

Should you have any questions about this Sun Life announcement, please contact your TDAM Relationship Management Team.

The information contained herein has been provided by TD Asset Management Inc. and is for information purposes only. The information has been drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

All products contain risk. Important information about the pooled funds is contained in their offering circular, which we encourage you to read before investing. Please obtain a copy. The indicated rates of return are the historical annual compounded total returns of the funds including changes in unit value and reinvestment of all distributions. Yields, investment returns and unit values will fluctuate for all funds. All performance data represent past returns and are not necessarily indicative of future performance. Pooled Fund units are not deposits as defined by the Canada Deposit Insurance Corporation or any other government deposit insurer and are not guaranteed by The Toronto-Dominion Bank. Investment strategies and current holdings are subject to change. TD Pooled Funds are managed by TD Asset Management Inc.

Management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. Mutual fund strategies and current holdings are subject to change.

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