Company: TDBCP
Filing Date: 2025-01-06
Form Type: 424B2
Source: 0001140361-25-000316
Chunk: 28

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-06
Form: 424B2
Chunk 28
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 December 31, 1987. Construction of the MSCI Indices MSCI undertakes an index construction process at an individual market level, which involves: (i) defining the equity universe for each market; (ii) determining the market investable equity universe for each market; (iii) determining market capitalization size segments for each market; (iv) applying index continuity rules for the standard index; (v) creating style segments within each size segment within each market; and (vi) classifying securities under the Global Industry Classification Standard. The index construction methodology differs in some cases depending on whether the relevant market is considered a developed market or an emerging market. The MSCI ®Emerging Markets Index SMis a standard index, meaning that only securities that would qualify for inclusion in a large cap index or a mid cap index will be included as described below. Defining the Equity Universe

| (i) | Identifying Eligible Equity Securities: The equity universe initially looks at securities listed in any of the countries in the MSCI global index series, which will be classified as either “developed markets” or “emerging markets”. All      
 listed equity securities, including real estate investment trusts and certain income trusts in Canada are eligible for inclusion in the equity universe. Limited partnerships, limited liability companies and business trusts, which are listed 
 in the U.S. and are not structured to be taxed as limited partnerships, are likewise eligible for inclusion in the equity universe. Conversely, mutual funds, exchange traded funds, equity derivatives and most investment trusts are not       
 eligible for inclusion in the equity universe. Preferred shares that exhibit characteristics of equity securities are eligible.                                                                                                                  |

| (ii) | Country Classification of Eligible Securities: Each company and its securities (i.e., share classes) are classified in one and only one country, which allows for a distinctive sorting of each company by its respective country. |

Determining the Market Investable Equity Universes A market investable equity universe for a market is derived by (1) identifying eligible listings for each security in the equity universe; and (2) applying investability screens to individual companies and securities in the equity universe that are classified in that market. A market is generally equivalent to a single country. The global investable equity universe is the aggregation of all market investable equity universes.

| (1) | Identifying Eligible Listings: A security may have a listing in the country where it is classified (a “local listing”) and/or in a different country (a “foreign listing”).