TD Greystone Mortgage Fund
Trust (Open-end pooled fund) · Commercial
Managed by TD Asset Management Inc.
Data as of: December 31, 2025
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
The TD Greystone Mortgage Fund is an open-end pooled fund managed by TD Asset Management Inc. and offered to institutional investors. Launched in September 2007 from commercial-mortgage portfolios TDAM had managed on a segregated basis since 1988, it invests in a diversified portfolio of Canadian commercial mortgages, aiming to provide a stable, sustainable long-term income stream with enhanced yield relative to traditional fixed income. The portfolio consists mainly of first mortgages on stabilized commercial real estate, with conservative loan-to-value ratios. It is among the largest funds of its type in Canada.
At a glance
| Assets under management (AUM) | $11B CAD |
| 2025 return | 5.62% |
| First mortgages | 100% |
| Property focus | Commercial (100%) |
| Structure | Trust (Open-end pooled fund) |
| Investor access | Institutional only |
Portfolio & performance
The portfolio is composed of commercial mortgages (100%).
| Property Type | Share (%) |
| Commercial | 100% |
TD Greystone Mortgage Fund returns
| Calendar year | Net return |
| 2023 | 6.57% |
| 2024 | 6.2% |
| 2025 | 5.62% |
Return objective (2026)
TD Greystone Mortgage Fund has a target return of the FTSE Canada Short Term Overall Bond (60%) + Mid Term Overall Bond (40%) return, plus 0.5%.
Fund facts
| Structure | Trust (Open-end pooled fund) |
| First mortgages | 100% |
| Leverage | Unleveraged |
| Latest data | December 31, 2025 |
Additional fund details
For Canadian institutional investment professionals only
Investor access
Institutional access only
This fund is offered to Canadian institutional investment professionals only and is not available to individual investors.
Minimum investment terms are not publicly disclosed.
About the manager
TD Asset Management Inc. (TDAM) is the institutional and retail asset-management arm of The Toronto-Dominion Bank, operating under the TD Global Investment Solutions brand alongside affiliate TD Epoch. It manages public-market and private-alternative strategies, including commercial mortgages, commercial real estate, infrastructure, and private debt, for institutional, private-client, and retail investors. TDAM's alternative-investments platform began managing Canadian commercial real estate and mortgages for institutional clients in 1988. Its mortgage strategies are offered to institutional investors, with portfolios focused on first mortgages secured by high-quality Canadian commercial real estate.
Disclaimer:
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