During the quarter I replaced the TD Canadian Bond Fund with the TD Canadian Core Plus Bond Fund on my Recommended List of Funds. The reason that I made the move was that I believe that the Core Plus Bond is better positioned for the current and expected fixed income environment. About 70% of the Core Plus Bond is managed in a near identical fashion to the TD Canadian Bond Fund. This portion invests in investment grade bonds. Up to 30% of the fund can be invested in tactical investments including global bonds, high yield bonds, emerging market debt and global real return bonds. It is my view that this tactical portion of the fund will put it in a position to be able to deliver decent relative returns compared with the TD Canadian Bond Fund. I do expect that the Core Plus strategy will carry a higher level of potential volatility. If this is a concern, you should likely consider the one of the other bond offerings.