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Email this1:52 pm
March 15, 2020
Offline
Quick question about TDB2914: Yesterday (April 4th 2024) I've switched from TDB8150 to this one. Today I see the funds switched (a sell + buy order, both in "Fulfilled" status, along with the yesterday's original "Switch" order which still shows as "Open"). But I do see all my cash now under the TDB2914 in TDDI's "Account Holdings" section of WebTrader.
Today (April 5th) I tried to buy more of TDB2914, for a fairly small cash amount, i.e. $248. And the order shows as rejected under "Order Status" almost instantly. Even though when submitting the Buy order, it did not show any rejections, but the typical warning messages (commissions and the fact that the fund is subject to a minimum holding time period, which btw I find peculiar because the Fund Fact page doesn't mention anything about a min holding period).
The TDB2914 has a minimum "subsequent purchase" amount of $0, right? So I'm wondering - why I can't buy $248 more of it, if I already have a 6-figures amount worth of it already?
Maybe I have to wait until T+2 i.e. until Monday April 8th, for the TDB2914's initial purchase to settle, and until then TD WebBroker thinks that I did not meet the 100k minimum initial investment on it?
2:01 pm
October 27, 2013
Online
Your initial order of Apr 4th has not yet settled. It is fulfilled in that the order was accepted/confirmed, but it will settle today (T+1) and you will be the owner of record of units today. Only after you actually own the first $100k plus of the fund can you then buy $248 more. With the weekend, it means Monday.
5:53 pm
March 15, 2020
Offline
AltaRed said
Your initial order of Apr 4th has not yet settled. It is fulfilled in that the order was accepted/confirmed, but it will settle today (T+1) and you will be the owner of record of units today. Only after you actually own the first $100k plus of the fund can you then buy $248 more. With the weekend, it means Monday.
Ah, makes sense. Thank you for explaining it.
4:53 pm
March 15, 2020
Offline
Btw, at TDDI, in addition to this pair of sell + buy orders for my TDB8150 => TDB2194 switch request:
1. Trade Date = 05 Apr 2024
Settle Date = 05 Apr 2024
SELL
ISA-TDB@4.55% PA /NL'FRACWE ARE RELATED TO ISSUERAS OF APR 04,2024PART OF SWITCH ORDER
2. Trade Date = 05 Apr 2024
Settle Date = 05 Apr 2024
BUY
TD PRM MN MKT D /NL'FRACDISCLOSURE ENCLOSEDAS OF APR 04,2024PART OF SWITCH ORDER
... I also see this third activity (most recent chronologically):
3. Trade Date = 05 Apr 2024
Settle Date = 04 Apr 2024
DRIP
ISA-TDB@4.55% PA /NL'FRACVALUE = 265.58
Is that DRIP journaled as compensation for accumulated interest between Apr 1st and April 4th? Is there a way to verify that the $265.58 DRIP really bought/reinvested more of the TDB8150, before it then got switched to TDB2194?? Like, is it possible to see more details, i.e. number of "Mutual Fund" units before and after a DRIP event at TDDI? Probably only via the Monthly e-Document statements, right?
The last DRIP activity prior to the DRIP dated April 5 shows as follows:
4. Trade Date = 01 Apr 2024
Settle Date = 28 Mar 2024
ISA-TDB@4.55% PA
Thanks.
5:57 pm
October 27, 2013
Online
I am guessing #3 is indeed earned interest prior to the trade date.
There will always be those additional ISA units generated when one sells/switches the entirely of the holding and they are booked immediately before the transaction date. There is nothing to see for additional ISA units as they are automatically priced at $10. $265.58 represents 26.558 units.
6:12 pm
March 15, 2020
Offline
AltaRed said
There is nothing to see for additional ISA units as they are automatically priced at $10. $265.58 represents 26.558 units.
Well, how can one verify that those 26.558 units covering 4-day interest (I suppose between April 1 and April 4, interval including) have really ADDED to the total number of units held PRIOR to the switch? 🙂
I should probably be able to see that with the next monthly statement, issued at the beginning of May - that $265.58 DRIP shown either as re-invested into the switched-to TDB2914, or just as some money amount added to the previous statement's ending balance.
So far, subtracting the March's ending balance and the previous DRIP (item #4 in my prior post), from the CURRENT account balance (i.e. shown under "Holdings"), shows exactly that $265.58 amount, hinting that TDDI didn't try to pull a fast one. 🙂
Thanks.
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