Company: TDBCP
Filing Date: 2025-07-01
Form Type: 424B2
Source: 0001140361-25-024322
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-01
Form: 424B2
Chunk 10
---
DR ®Trust, a registered investment company. The Underlying Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Energy Select Sector Index, its underlying index. The Energy Select Sector Index measures the performance of the energy sector of the U.S. equity market. The Underlying Fund is composed of equity securities of companies in the oil, gas and consumable fuel, energy equipment and services industries. The Underlying Fund trades on the NYSE Arca under the ticker symbol “XLE.” Investment Objective and Strategy The Underlying Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Energy Select Sector Index. The investment manager of the Underlying Fund uses a replication strategy to try to achieve the Underlying Fund’s investment objective, which means that the Underlying Fund generally invests in substantially all of the securities represented in the Energy Select Sector Index in approximately the same proportions as the Energy Select Sector Index. Under normal market conditions, the Underlying Fund generally invests at least 95% of its total assets in the securities comprising the Energy Select Sector Index. In certain situations or market conditions, the Underlying Fund may temporarily depart from its normal investment policies and strategies provided that the alternative is consistent with the Underlying Fund’s investment objective and is in the best interest of the Underlying Fund. For example, if the Underlying Fund is unable to invest directly in a component security or if a derivative investment may provide higher liquidity than other types of investments, it may make larger than normal investments in derivatives to maintain exposure to the Energy Select Sector Index that it tracks. Consequently, under such circumstances, the Underlying Fund may invest in a different mix of investments than it would under normal circumstances. Notwithstanding the Underlying Fund’s investment objective, the return on your notes will not reflect any dividends paid on shares of the Underlying Fund, on the securities purchased by the Underlying Fund or on the securities that comprise the Energy Select Sector Index. The Select Sector Indices The Energy Select Sector Index is part of the Select Sector Indices. The Select Sector Indices are sub-indices of the S&P 500 ®Index (“SPX”). Each stock in the SPX is allocated to at least one Select Sector Index, and the combined companies of the eleven Select Sector Indices represent all of the companies in the SPX. The industry indices are sub-categories within each Select Sector Index and represent a specific industry segment of the overall Select Sector Index. The eleven Select Sector Indices seek