Company: TDBCP
Filing Date: 2025-01-06
Form Type: 424B2
Source: 0001140361-25-000316
Chunk: 29

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-06
Form: 424B2
Chunk 29
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 A security may be represented by either a local listing or a       
 foreign listing (including a depositary receipt) in the global investable equity universe. A security may be represented by a foreign listing only if the security is classified in a country that meets the foreign listing materiality       
 requirement (as described below), and the security’s foreign listing is traded on an eligible stock exchange of a developed market country if the security is classified in a developed market country or, if the security is classified in an 
 emerging market country, an eligible stock exchange of a developed market country or an emerging market country.                                                                                                                               |

In order for a country to meet the foreign listing materiality requirement, MSCI determines all securities represented by a foreign listing that would be included in the country’s MSCI Country Investable Market Index if foreign listings were eligible from that country. The aggregate free-float adjusted market capitalization for all such securities should represent at least (i) 5% of the free float-adjusted market capitalization of the relevant MSCI Country Investable Market Index and (ii) 0.05% of the free-float adjusted market capitalization of the MSCI ACWI Investable Market Index. If a country does not meet the foreign listing materiality requirement, then securities in that country may not be represented by a foreign listing in the global investable equity universe.

| (2) | Applying Investability Screens: The investability screens used to determine the investable equity universe in each market are: |

| (i) | Equity Universe Minimum Size Requirement: This investability screen is applied at the company level. In order to be included in a market investable equity universe, a company must have the required minimum full market capitalization. The 
 equity universe minimum size requirement applies to companies in all markets and is derived as follows:                                                                                                                                       |

| • | First, the companies in the developed market equity universe are sorted in descending order of full market capitalization and the cumulative coverage of the free float-adjusted market capitalization of the developed market equity 
 universe is                                                                                                                                                                                                                           |

| TD SECURITIES (USA) LLC | P-22 |

calculated for each company. Each company’s free float-adjusted market capitalization is represented by the aggregation of the free float-adjusted market capitalization of the securities of that company in the equity universe.

| • | Second, when the cumulative free float-adjusted market capitalization coverage of 99% of the sorted equity universe is achieved, by adding each company’s free float-adjusted