Company: TDBCP
Filing Date: 2025-03-03
Form Type: 424B2
Source: 0001140361-25-006776
Chunk: 25

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-03
Form: 424B2
Chunk 25
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 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 to the IWN Fund and any other website referenced in this section, is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. We have not undertaken an independent review or due diligence of any publicly available information with respect to the IWN Fund or the target index. Information filed by iShares with the SEC, including the prospectus for the IWN Fund, can be found by reference to its SEC file numbers: 333-92935 and 811- 09729 or its CIK Code: 0001100663.

| TD SECURITIES (USA) LLC | P-19 |

Historical Information The graph below illustrates the performance of IWN from February 28, 2015 through February 28, 2025. The dotted line represents its Contingent Interest Barrier Value and Barrier Value of $96.66, which is equal to 60