TDB902 e-series US index

[stryperfan2015]

I never paid attention in the past but just noticed that

top holing of the TDB902 fund are:

• TD U.S. Equity Index ETF, TPU 35.6%
• Microsoft Corporation 4.5%
• Apple Inc. 3.9%
• NVIDIA Corporation 2.8%
• Amazon.com Inc. 2.4%
• Alphabet Inc. 2.3%
• Meta Platforms Inc. 1.6%
• Eli Lilly & Company 1.0%
• Broadcom Inc. 0.9%
  

but if you check - TD U.S. Equity Index ETF:

it looks very the same:

Microsoft Corp - Common 7.02%

Apple Inc - Common 5.8%

NVIDIA Corp - Common 4.81%

Amazon.com Inc - Common 3.63%

Meta Platforms Inc - Common Cl A 2.52%

Alphabet Inc - Common Cl A 2.0%

Alphabet Inc - Common Cl C 1.69%

Eli Lilly and Co - Common 1.48%

Broadcom Inc - Common 1.3%

what's the point?

 

[mimi2047]

@stryperfan2015 At this point the e-Series mostly wrap the ETFs. I know that the equivalent ETF is the primary holding of the e-Series international fund for instance. The “point” is in how each is purchased and the corresponding overhead and administrative structures. The mutual funds have simplified drips and fractional shares and no commissions to purchase, where the ETFs will have the smallest fractional of lower MER and will incur transaction commissions if bought or sold outside EasyTrade.

 

[jjp297]

@stryperfan2015

what's the point?

There is no point. They initially held the stocks, then they changed to hold TPU (Solacive S&P500 index), then they have this mix. It's all about 99% duplication (they hold 498 instead of 504) so there should be no difference in performance.

 

[stryperfan2015]

@jjp297 can it be about TD making more on fees?

 

[jjp297]

@stryperfan2015 Could be (probably) because it doesn't make sense their setup now. The only thing I can see is someone had a stroke and made an error when reporting.

 

[uniquetexasgirl]

@stryperfan2015 Sell it and buy VFV or ZSP to save fees

 

[barlowgirl]

@uniquetexasgirl I’m unfamiliar with those, are they low mer mutual funds also?

 

[uniquetexasgirl]

@barlowgirl They are low mer ETFs