Company Announcements

TORONTO , July 24, 2025 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds, announced today risk rating changes for certain TD Mutual Funds (the "Funds") listed below, effective on or about July 24, 2025.

Risk Rating Changes

The following funds will change their risk ratings as indicated below. These changes will be reflected in the TD Mutual Funds' Simplified Prospectus and Fund Facts that will be filed on or about July 24, 2025.

TDAM is required to conduct an annual review to determine the risk level of publicly-offered investment funds. The risk rating changes are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators (the "CSA") and the related annual review by TDAM to determine the risk level of publicly-offered investment funds. There are no changes to the investment objectives, strategies or management of the Funds.

A summary of the CSA's risk classification methodology and each of the Funds' investment objectives and strategies can be found in the TD Mutual Funds Simplified Prospectus, available on TDAM's website, as noted below, or on SEDAR+ at www.sedarplus.ca.

For more information regarding TD Mutual Funds, visit TDAssetManagement.com.

About TD Asset Management Inc.

TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $496 billion in assets. Aggregate statistics are as of March 31, 2025 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently, and past performance may not be repeated. Mutual fund strategies and current holdings are subject to change.

TD Mutual Funds are managed by TDAM, a wholly-owned subsidiary of The Toronto-Dominion Bank and are available through authorized dealers.

^® The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

SOURCE TD Asset Management Inc.