Company: TDBCP
Filing Date: 2025-07-30
Form Type: 424B2
Source: 0001140361-25-028053
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-30
Form: 424B2
Chunk 23
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 in the fund underlying index in approximately the same proportions as the fund underlying index. Under normal market conditions, the XLK Fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the fund underlying index. In addition, the XLK Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSGA). Shares of the XLK Fund are listed on the NYSE Arca under the ticker symbol “XLK”. Information from outside sources including, but not limited to the prospectus related to the XLK 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 XLK Fund or the fund underlying index. Information filed by Select Sector SPDR with the SEC, including the prospectus for the XLK Fund, can be found by reference to its SEC file numbers: 333-57791 and 811-08837 or its CIK Code: 0001064641. Historical Information We obtained the closing prices of the XLK Fund in the graph below from Bloomberg, without independent verification. The following graph sets forth daily fund closing prices of the XLK Fundfor the period from January 1, 2020 to July 29, 2025. The closing price on July 29, 2025 was $264.09. The historical performance of the XLK Fundshould not be taken as an indication of the future performance of the XLK Fund, and no assurance can be given as to the closing price of the XLK Fundon any day during the term of the securities. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

P-20

| The Consumer Discretionary Select Sector SPDR®Fund |

We have derived all information contained herein regarding the Consumer Discretionary Select Sector SPDR ®Fund (the “XLY Fund”) and the fund underlying index from publicly available information. Such information reflects the policies of, and is subject to changes by, the XLY Fund’s investment adviser, SSGA Funds Management, Inc. (“SSGA”) and the index sponsor of the fund underlying index. The XLY Fund is one of the separate investment portfolios that constitute The Select Sector SPDR ®Trust (“Select Sector SPDR”). The XLY Fund