Company: TDBCP
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001140361-25-005406
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-21
Form: 424B2
Chunk 26
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, with lower price-to-book ratios and lower forecasted and historical growth. The target index is a subset of the Russell 2000 ®Index, which measures the performance of the smallest 2,000 companies included in the Russell 3000 ®Index. The Russell 3000 ®Index is composed of the 3,000 largest U.S. companies by market capitalization and represents approximately 98% of the market capitalization of the U.S. equity market. The target index is calculated, maintained and published by, the index sponsor. The index sponsor is under no obligation to continue to publish, and may discontinue or suspend the publication of, the target index at any time. Select information regarding the IWN Fund’s expense ratio and its top constituents, country, industry and/or sector weightings may be made available on the IWN Fund’s website. Expenses of the IWN Fund reduce the net asset value of the assets held by the IWN Fund and, therefore, reduce the value of the shares of the IWN Fund. BFA uses a representative sampling strategy to manage the IWN Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of the securities included in the target index that the investment adviser determines to collectively have an investment profile similar to that of the target index. The securities selected are intended to have, in the aggregate, investment characteristics (based on market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the target index. The IWN Fund may or may not hold all of the securities that are included in the target index. The IWN Fund generally invests at least 80% of its assets in securities of the target index and in depositary receipts representing securities of the target index. The IWN Fund may invest the remainder of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the target index, but which BFA believes will help track the target index. The IWN Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in the stocks of a particular industry or group of industries to approximately the same extent that the target index is concentrated. Shares of the IWN Fund are listed on the NYSE Arca under the ticker symbol “IWN.” Information from outside sources including, but not limited to the prospectus related