Key stats
About TD TARGET 2029 INVESTMENT GRADE BON UNITS CAD
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Inception date
Jan 14, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
TD Asset Management, Inc.
The ETF is an actively managed fund that seeks to provide income and capital preservation over a pre-determined time horizon by investing in investment grade Canadian corporate bonds with an effective maturity in 2029. The portfolio manager utilizes fundamental credit research and quantitative screens to select securities that provide a high level of interest income. Selected bonds will generally be held until maturity. The fund may also hold money market instruments or other short-term debt securities for cash management. The fund will attempt to minimize reinvestment risk in the year of termination. The fund will terminate on or about November 30, 2029. During the maturity period, the fund's investments will transition to cash and cash equivalents or additional investment-grade corporate bonds maturing in 2029.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.08%
Cash0.92%
Stock breakdown by region
North America93.10%
Europe6.90%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TBCI last dividends amounted to 0.06 CAD. The month before, the issuer paid 0.06 CAD in dividends, which shows a 5.36% decrease.
TBCI assets under management is 13.15 M CAD. It's risen 44.56% over the last month.
TBCI fund flows account for 12.14 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TBCI pays dividends to its holders with the dividend yield of 2.51%. The last dividend (Jun 5, 2025) amounted to 0.06 CAD. The dividends are paid monthly.
TBCI shares are issued by The Toronto-Dominion Bank under the brand TD. The ETF was launched on Jan 14, 2025, and its management style is Passive.
TBCI follows the ICE BofA Canada Corporate (1-5 Y). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TBCI invests in bonds.
TBCI trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.