Core Viewpoint - TD Asset Management Inc. announced changes to the risk ratings of certain TD Mutual Funds, effective on or about October 23, 2025, indicating a decrease in risk levels for specific portfolios [1][2]. Risk Rating Changes - The TD Managed Aggressive Growth Portfolio and the TD Managed Aggressive Growth ETF Portfolio will have their risk ratings changed from Medium to Low to Medium [3]. - There are no changes to the investment objectives, strategies, or management of the Funds associated with the new risk ratings [3]. Methodology and Compliance - The risk rating changes are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators (CSA) and the annual review conducted by TDAM [4]. - Detailed information regarding the CSA's risk classification methodology and the Funds' investment objectives and strategies can be found in the TD Mutual Funds Simplified Prospectus [4]. Company Overview - TD Asset Management Inc. is a North American investment management firm that manages assets on behalf of nearly 2 million retail investors and offers a diversified suite of investment solutions [7]. - As of June 30, 2025, TDAM manages $504 billion in assets, operating in Canada and the United States through its affiliate, Epoch Investment Partners, Inc. [7].

Core Viewpoint - Picton Mahoney Asset Management has announced a renaming of its funds to streamline the naming convention across its fund family, effective June 13, 2025 [1][2]. Fund Name Changes - The following mutual funds have undergone name changes: - Picton Mahoney Fortified Equity Fund to PICTON Global Equity Fund - Picton Mahoney Fortified Income Fund to PICTON Income Fund - Picton Mahoney Fortified Core Bond Fund to PICTON Core Bond Fund - Picton Mahoney Fortified Multi-Asset Fund to PICTON Balanced Fund - Alternative mutual funds have also been renamed, including: - Picton Mahoney Fortified Long Short Alternative Fund to PICTON Long Short Equity Alternative Fund - Picton Mahoney Fortified Active Extension Alternative Fund to PICTON Long Short Equity (130/30) Alternative Fund - Picton Mahoney Fortified Market Neutral Alternative Fund to PICTON Market Neutral Equity Alternative Fund [2][3]. Ticker Symbol Changes - The ticker symbol for the ETF units of the PICTON Credit Opportunities Alternative Fund will change from "PFSS" to "PFCO" while other ticker symbols will remain unchanged. The changes are expected to be reflected on the Toronto Stock Exchange around June 18, 2025, pending final approval [3]. Risk Rating Changes - The risk ratings for the following funds have been updated: - PICTON Multi-Strategy Alpha Alternative Fund from Low-to-Medium to Low - PICTON Income Fund from Low-to-Medium to Low - These changes are based on the risk classification methodology mandated by the Canadian Securities Administrators and are part of an annual review process [4][5]. Company Overview - Picton Mahoney Asset Management, founded in 2004 and 100% employee-owned, manages over $13.6 billion in assets as of March 31, 2025. The firm specializes in differentiated investment solutions and rules-based volatility management, offering a full suite of investment solutions to institutional and retail investors across Canada [8].

Core Viewpoint - S&P Global Ratings has revised its outlook on Banco Itaú Chile to "Positive" from "Stable" due to improvements in asset quality, strengthened capitalization, and reduced exposure to Colombia [1]. Group 1 - S&P affirmed Banco Itaú Chile's long-term issuer credit rating at 'BBB+' [1]. - The revision in outlook reflects an improvement in asset quality metrics [1]. - The company has strengthened its capitalization [1]. Group 2 - There has been a decrease in Banco Itaú Chile's exposure to Colombia [1].