Ms. Rachana Bhat of TD Asset Management reports

TD ASSET MANAGEMENT INC. EXPANDS ITS TD TARGET MATURITY BOND ETFS LINEUP WITH NEW TD TARGET 2031 INVESTMENT GRADE BOND FUND - ETF SERIES ("TBCK")

TD Asset Management Inc. (TDAM), the manager of TD exchange-traded funds (ETFs), has launched TD Target 2031 Investment Grade Bond Fund -- ETF series (TBCK), which begins trading today on the Toronto Stock Exchange.

Part of the broader TD target maturity bond ETFs suite, TBCK offers exposure to a portfolio of investment-grade Canadian corporate bonds denominated in Canadian dollars with a target maturity of 2031, supporting investors seeking a defined investment horizon.

For investors, TBCK offers:

• A simple and efficient way to manage cash flows with the potential to earn an attractive yield from a diversified portfolio of investment-grade Canadian corporate bonds;
• Ability to align maturity dates with cash needs, providing a streamlined way to help meet financial goals;
• A convenient and cost-efficient solution, with a low management fee of 0.20 per cent, that can be used within laddered bond strategies to help structure fixed-income allocations across maturities.

"Our TD target maturity bond ETFs are designed for investors seeking regular income and capital preservation while benefiting from professional management and low costs," said Rachana Bhat, CFA, vice-president and director, lead of credit portfolio management, TDAM. "Each TD target maturity bond ETF is structured with a defined maturity date, offering a simple and efficient way to build bond ladders. By holding a basket of bonds from different issuers and sectors, TBCK can also provide investors with enhanced diversification, potentially contributing to the overall resilience of a fixed-income portfolio."

The suite of TD target maturity bond ETFs trading on the TSX include:

• TD Target 2027 Investment Grade Bond ETF (TBCG);
• TD Target 2028 Investment Grade Bond ETF (TBCH);
• TD Target 2029 Investment Grade Bond ETF (TBCI);
• TD Target 2030 Investment Grade Bond ETF (TBCJ);
• TD Target 2031 Investment Grade Bond Fund -- ETF series (TBCK).

It is anticipated that TBCK will cease trading on or about Nov. 30, 2031, with wind-up and termination occurring shortly thereafter.