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Asset Allocation

TD Target Date Plus

At a glance

This family of Target Date Plus strategies are the result of testing a wide spectrum of different asset mixes and glide paths. The strategies follow a "fund of funds" approach that includes equities, fixed income and private alternatives . The strategy will initially have an emphasis on capital growth (through equity exposure) but will increasingly seek more income and stability (through fixed income exposure) as it moves towards the target date.

Seeking Superior long-term Investment Returns

  1. Risk managed rather than simply managing equity exposure, taking account of all the risks facing plan members.

  2. Direct alternative investments incorporated through pooled fund investments.

  3. Multiple styles of equity and fixed income investing used, managed over time through both an equity and fixed income sub-glide path.

  1. Broad investment platform. We bring together broadly diversified asset class, sector, regional and investment style capabilities.

  2. Full-service offering. Our capabilities integrate alternatives into multi-asset portfolios for optimal factor diversification.

  3. Highly experieExperienced investment team. We have access to research, tools, and insights from one of the deepest asset allocation and derivatives teams in Canada.nced investment team. We have access to research, tools and insights from one of the deepest asset allocation and derivatives teams in Canada.

Philosophy and approach

  • We believe in improving retirement outcomes for Canadian Capital Accumulation Plan (CAP) members. We also believe that alternative investments have the potential to improve the probability of better savings and retirement outcomes.

    Our philosophy is to align the investment strategy with members’ savings and decumulation needs with the aim to help plan members improve retirement outcomes. The performance of the TD Target Date Plus strategies is a result of our philosophy being put into action through our disciplined, repeatable investment process.

  • Investment Process:

    Canadian demographic assumptions: All demographic and socio-economic assumptions are derived from government or reputable industry sources..

    Asset class assumptions:

    Consistent with our firm wide approach for multi-asset solutions, we set long-term asset class assumptions using an objective building block approach for expected returns, and historical standard deviations and correlations.

    Integrated execution: Through our proprietary Glide Path Analytics, we integrate demographic and asset class assumptions to develop the glide path. Trading, risk management, portfolio management, liquidity management and operations are integrated across fixed income, equities and alternatives for optimal execution.

  • Annual Glide Path Update:

    Our investment team uses what we call adaptive allocation to set the asset mix for the strategies. Adaptive allocation is a middle ground between tactical asset allocation (where the portfolio is actively tilted to try to take advantage of short-term opportunities in the market) and strategic asset allocation (where the portfolio’s asset mix is set using long-term asset class assumptions and not adjusted based on market environment). To implement adaptive allocation, we formally examine our glide path through the Annual Glide Path Update process at the end of each calendar year. Through this process, we re-run our proprietary Glide Path Model and incorporate any evolutions in available asset classes or funds, long-term asset class assumptions or demographics. This process helps to ensure that the strategies continue to meet plan member objectives in the current market environment.

ESG

Environment, Social, and Governance (ESG) integration aligns with our philosophy of seeking investments in sustainable, long-term assets through a risk-managed process. We strive for a fully integrated ESG engagement process in our investment products.

TD Asset Management's Fundamental Equity Investment team integrates ESG factors directly into their investment analysis through a process involving the following central components:

Systematic ESG Reviews We look at a number of ESG indicators that we believe apply to all industry sectors and elevate any issues that could put a company’s expected earnings at risk. Each company research report incorporates an ESG assessment, ensuring concerns around ESG risk exposures are reviewed, updated, and evaluated by our sector analysts.

Thematic ESG Research. We produce broad thematic ESG research on topics that have the potential to highly impact the companies in which TDAM invests. We have found this to be the best way to highlight the structural changes to various sectors and impacts to the companies themselves.

Active Ownership: Our in-depth research helps inform our commitment to active ownership. We strive to be active owners by engaging with the companies in which we invest and by taking advantage of our voting rights to help effect change. Our intent is to both improve corporate ESG disclosures as well as improve companies' ESG-related practices.

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At a glance

Philosophy and approach

Availability

Team

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Strategy Profile

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Availiability

  • TD Greystone Retirement Plus Fund
  • TD Greystone 2025 Target Date Plus Fund
  • TD Greystone 2030 Target Date Plus Fund
  • TD Greystone 2035 Target Date Plus Fund
  • TD Greystone 2040 Target Date Plus Fund
  • TD Greystone 2045 Target Date Plus Fund
  • TD Greystone 2050 Target Date Plus Fund
  • TD Greystone 2055 Target Date Plus Fund
  • TD Greystone 2060 Target Date Plus Fund
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