Company: TDBCP
Filing Date: 2025-06-30
Form Type: 424B2
Source: 0001140361-25-024190
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-30
Form: 424B2
Chunk 14
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 and volume, the ratio of annual dollar value traded (defined as average closing price over the period                                                                                             
 multiplied by historical volume over the last 365 calendar days) to float-adjusted market capitalization should be at least 1.00, and the stock should trade a minimum of 250,000 shares in each of the six months leading up to the 
 evaluation date.                                                                                                                                                                                                                     |

| ● | IWF. The IWF for each company represents the portion of the total shares outstanding that are considered part of the public float for purposes of the S&P U.S. Indices. An IWF of at least 
 0.10 is required.                                                                                                                                                                          |

| ● | Financial Viability.The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net                                                                   
 income excluding discontinued operations) should be positive as should the most recent quarter. For REITs, financial viability is based on GAAP earnings and/or Funds From Operations (FFO), if reported. |

| ● | Treatment of IPOs.Initial public offerings should be traded on an eligible exchange for at least 12 months before being considered for                                                 
 addition to an S&P U.S. Index. Spin-offs or in-specie distributions from existing constituents do not need to be seasoned for 12 months prior to their inclusion in an S&P U.S. Index. |

| ● | Sector Balance.A company is evaluated for its contribution to sector balance maintenance, as measured by a comparison of each GICS®sector’s weight in an index with its weight in the S&P U.S. Total Market Index, in the relevant market capitalization range. The S&P Total Market Index is a 
 float-adjusted, market-capitalization weighted index designed to track the broad U.S. equity market, including large-, mid-, small- and micro-cap stocks.                                                                                                                                       |

SPDJI believes turnover in membership in the S&P U.S. Indices should be avoided when possible. At times a stock may appear to temporarily violate one or more of the addition criteria. However, the addition criteria are for addition to the S&P U.S. Indices, not for continued membership. As a result, a constituent of the S&P U.S. Indices that appears to violate criteria for addition to the S&P U.S. Indices is not deleted unless ongoing conditions warrant an index change. Calculation of the S&P U.S. Indices The S&P U.S. Indices are float-adjusted market capitalization-weighted indices. On any given day, the index