| Fund Company | TD Mutual Funds |
| Fund Type | International Equity |
| Rating | F |
| Style | Index |
| Risk Level | Medium |
| Load Status | No Load / Optional |
| RRSP/RRIF Suitability | Fair |
| TFSA Suitability | Fair |
| Manager | Vishal Bhatia since April 2006 Dino Bourdos since November 2010 |
| MER | 1.38% |
| Code | TDB 964 – No Load Units TDB 829 – Front End Units TDB 839 – DSC Units |
| Minimum Investment | $500 |
Analysis: As the name suggests, this fund is designed to replicate, after fees, the performance of the MSCI EAFE Index. It has no exposure to Canadian or U.S. based companies.
With this version of the fund, its currency exposure is not hedged. But for those who do wish to hedge this risk, there is a hedged version available.
Our biggest beef with this fund is that its costs were high for an index fund. The MER is 1.38%. However, TD has a e-series that you can buy direct, at a much more reasonable 0.51%, which makes this a more attractive option.
Still, it is our opinion that a high quality actively managed International Fund will do better than this offering over the long term, even with the lower MER going forward. We would suggest that investors looking for actively managed international exposure take a look at Mawer International Equity, Renaissance International Equity or Invesco International Growth Class. Each of those are high quality funds that should outpace the index fund over the long term.
For those just looking for low cost exposure to International equities in a mutual fund, this would be our top pick.