Company: TDBCP
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001140361-25-026939
Chunk: 30

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-23
Form: 424B2
Chunk 30
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 the base date of December 31, 1986. Historical Information The graph below illustrates the performance of RTY from July 22, 2015 through July 22, 2025. Russell 2000 ®Index (RTY) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

| TD SECURITIES (USA) LLC | P-20 |

#### VanEck®Semiconductor ETF
We have derived all information contained herein regarding the VanEck ®Semiconductor ETF (the “SMH Fund”) and the target index, as defined below, from publicly available information. Such information reflects the policies of, and is subject to change by the SMH Fund’s investment adviser, Van Eck Associates Corporation (“Van Eck” or the “investment adviser”) and the index sponsor of the target index, as defined below. The SMH Fund is one of the separate investment portfolios that constitute the VanEck ®ETF Trust (“VanEck Trust”). The SMH Fund seeks to provide investment results that correspond generally to the price and yield performance of the MVIS ®US Listed Semiconductor 25 Index (the “target index”). The target index tracks the performance of the largest U.S.-listed companies that generate at least 50% of their revenues from semiconductors, and contains only companies which are engaged primarily in the production of semiconductors and semiconductor equipment. The target index is calculated, maintained and published by, MV Index Solutions GmbH (the “index sponsor”). The index sponsor is under no obligation to continue to publish, and may discontinue or suspend the publication of, the target index at any time. Select information regarding the SMH Fund’s expense ratio and its top constituents, country, industry and/or sector weightings may be made available on the SMH Fund’s website. Expenses of the SMH Fund reduce the net asset value of the assets held by the SMH Fund and, therefore, reduce the value of the shares of the SMH Fund. The SMH Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the target index by investing in a portfolio of securities that generally replicates the target index. The SMH Fund normally invests at least 80% of its total assets in securities that comprise the target index. The SMH Fund may concentrate its investments in a particular industry or group of industries to the extent that the target index concentrates in an industry or group of industries. The SMH Fund may or may not hold all of the