I am currently a holder of TD's e-Series funds in my investment portfolio.
However, the other day, I came across a new series of funds offered by TD: D-Series funds.
From what I can tell, the funds are too new to have their expense ratios published. However, as an example, this D-Series fund states:
- Annual management fee of up to 1.10%
- Administration fee is 0.30%
- Trailer fee of up to 0.25%
If I understand correctly, this adds up to nearly 1.70% which isn't really low cost. Perhaps, it is considered low cost compared to other advisor based mutual funds in Canada.
Now for my actual question: D-Series funds launched in February 2015. How is it possible that a fund doesn't have a published expense ratio after almost half a year of operations? As an investor, how do I know what I am getting in to?
