Company: TDBCP
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0001140361-25-022196
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-11
Form: 424B2
Chunk 11
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 or publication of the Underlying Fund or any successor Underlying Fund.

#### The SPDR®S&P®Biotech ETF
The Underlying Fund is one of the separate investment portfolios that constitute the SPDR ®Series Trust (“SPDR”). The Underlying Fund seeks to provide investment results that correspond generally to the total return performance, before fees and expenses, of the Underlying Index. The Underlying Index seeks to measure the performance of the biotechnology segment of the S&P Total Market Index (“S&P TMI”). The biotechnology segment of the S&P TMI comprises the biotechnology sub-industry. The Underlying Index is calculated, maintained and published by, S&P Dow Jones Indices LLC (the “sponsor”). The sponsor is under no obligation to continue to publish, and may discontinue or suspend the publication of, the Underlying Index at any time. Select information regarding the Underlying Fund’s expense ratio and its top constituents may be made available on the Underlying Fund’s website. Expenses of the Underlying Fund reduce the net asset value of the assets held by the Underlying Fund and, therefore, reduce the value of the shares of the Underlying Fund. SSGA uses a sampling strategy to manage the Underlying Fund, an indexing investment strategy, which means that the Underlying Fund is not required to purchase all of the securities represented in the Underlying Index. Instead, the Underlying Fund may purchase a subset of the securities in the Underlying Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Underlying Index. The Underlying Fund may or may not hold all of the securities that are included in the Underlying Index. Under normal market conditions, the Underlying Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Underlying Index. In addition, in seeking to track the Underlying Index, the Underlying Fund may invest in equity securities that are not included in the Underlying Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSGA). In seeking to track the Underlying Index, the Underlying Fund’s assets may be concentrated in an industry or group of industries to the extent that the Underlying Index concentrates in a particular industry or group of industries. Futures contracts may be used by the Underlying Fund in seeking performance that corresponds to the Underlying Index and in managing cash flows. Shares of the Underlying Fund are