TD WebBroker ISA (Investment Savings Account). | Page 4 | Investing | Discussion forum

AltaRed said
If you are talking about TDDI as a brokerage, then yes, a number of MMFs and Cash ETFs would pay better than TDB8150.  

Any good MMF and Cash ETFs suggestions @ TDDI?
Thank you.

MG said

Check out TDB2913  

Whoa, very cool, thanks!
I'd move everything from TDB8150 ISA into the TDB2913 MMF (6 figures). Unless it's not considered wise?

Wait, the TDB2913's 0.28% MER vs. TDB8150 (which is zero) kind of kills the deal. Oh well, no free lunch :).

Quoted yields are net of MER. Thus TDB2914 MMF has a net yield of 5.07% to the investor regardless of MER.

FWIW, TDB8150 is A series ISA (deposit account) with a trailer fee (MER) of 0.25% (net yield 4.55%). TDB8151 is F series ISA (deposit account) with a trailer fee of zero (net yield 4.8%). I believe TDDI prevents DIY investors from purchasing F series, i.e. only available through third party advisors.

AltaRed said Quoted yields are net of MER. Thus TDB2914 MMF has a net yield of 5.07% to the investor regardless of MER.

Ah, I didn't know that the quoted yields are after MER. Thanks for clarifying on this!
That's super cool, and TDB2914 (5.07% yield, 0.25% MER, which @Okisavings has suggested) is even better than the TDB2913 (5.04% yield, 0.28% MER, which @MG has suggested).

FWIW, TDB8150 is A series ISA (deposit account) with a trailer fee (MER) of 0.25% (net yield 4.55%). TDB8151 is F series ISA (deposit account) with a trailer fee of zero (net yield 4.8%). I believe TDDI prevents DIY investors from purchasing F series, i.e. only available through third party advisors.  

Yes, precisely. Trying TDAM's / TDDI's F-series ISAs was my first attempt at buying, but I wasn't allowed. I also tried other Canadian Money Market Mutual Funds offered by TDDI, from non-TD issuers, which has even better 1-year returns (NPP119, CIB238, CIB237, BMO95142, CIG4113, RBF5120), but they were either F-series, or not F-series but TDDI not allowing a direct switch (showing an error message like "Mutual Fund selected to switch to is not in the same class).

Btw, the TDDI's "Research" section of the WebBroker portal, lists the TDB2194 and TDB2193 with 4.95% 1-year return. It's curious as to why they don't show the yield as a standard column, instead of 1-year return? Is there a way to configure that?

Also, where does one find TDDI ISA "Mutual Funds" via the same "Research" section of their portal? They seem to be listed neither under "Canadian Money Market" (doh), nor under "Fixed Income", and I could find find them only by typing their exact Mutual Fund Code. Is there a easier way to do it, and which gives you the whole list (as alternative to going to https://www.td.com/ca/en/asset-management/additional-solutions/ )?

I've just placed the order on TDDI, for a TDB8150 => TDB2194 switch! For both CAD-margin and CAD-TFSA accounts.
Thank you to: @MG, @Okisavings @AltaRed.

know what you own.

these mmf buy abcp for the yield p/u.

one can dig up the filings as I never buy that stuff.

on $500k deposit. yearly return:

5% = 25,000 (at Itrade you have 5 ISA each CDIC protection @$100k)

4.55% =22,750k (not sure how many ISA TDDI has)

5.07% = 25,350 (no CDIC)

ABCP: Anatomy of a panic
BOYD ERMAN, JACQUIE MCNISH, TARA PERKINS AND HEATHER SCOFFIELD
PUBLISHED NOVEMBER 17, 2007 globe and mail.

read up

Anyone have experience with this MMF?
BMO95142
https://bmofundcentral.com/fund/68033978/

AltaRed said
I was talking about MMFs, not individual issuers of CP that might be holdings within the MMF. With one or two exceptions I believe in the USA, the MMFs themselves have not broken $10 (or $1) as the case may be. None of them have failed.  

One US retail MM fund broke the buck during 2008-9 if I remembered correctly, none in Canada.

Here is a chronology of the year-long effort to revive the ABCP market after it seized up in the summer of 2007.

https://www.reuters.com/article/idUSN15470123/