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July 23, 2008

TD Mutual Funds

Fund Profiles

Global Equity Funds

TD Global Div idend Fund

TD Global Value Fund

TD Global Se lect Fund

TD Global Mult i -Cap Fund

TD Global Susta inabi l i ty Fund

TD Internat ional Equi ty Fund

TD Internat ional Equi ty Growth Fund

TD European Growth Fund

TD Japanese Growth Fund

TD Asian Growth Fund

TD Pac i f ic R im Fund

TD Emerging Markets Fund

TD Lat in Amer ican Growth Fund

Table of Contents

TD Global Dividend Fund 1

TD Global Value Fund 3

TD Global Select Fund 5

TD Global Multi-Cap Fund 7

TD Global Sustainability Fund 9

TD International Equity Fund 11

TD International Equity Growth Fund 13

TD European Growth Fund 15

TD Japanese Growth Fund 17

TD Asian Growth Fund 19

TD Pacific Rim Fund 21

TD Emerging Markets Fund 23

TD Latin American Growth Fund 25

Global Equity Funds

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TD Global Dividend Fund

Fund details

Fund type Global Equity

Securities offered Investor Series unitsInstitutional Series unitsO-Series unitsH-Series units

Start date Investor Series – September 6, 2006Institutional Series – December 7, 2006*O-Series – Not available to the public prior to

the date of this prospectusH-Series – September 4, 2007

The Fund was formed on August 28, 2006.

Portfolio adviser TD Asset Management Inc. (TDAM)

Management fee Investor Series – Up to 2.00% (excluding GST)Institutional Series – Up to 1.00%

(excluding GST)O-Series – Negotiated with, and paid by

unitholders directly to, the ManagerH-Series – Up to 2.00% (excluding GST)

Administration fee Investor Series – 0.30% (excluding GST)H-Series – 0.30% (excluding GST)

* Institutional Series units were offered by way of a prospectus exemption prior toJuly 23, 2007.

What does the Fund invest in?

Investment objectives

The fundamental investment objective is to provide growthand income by investing primarily in dividend-paying equitysecurities and other income-producing instruments fromanywhere in the world.

The fundamental investment objective may only be changedwith the approval of a majority of unitholders, given at ameeting called for that purpose.

Investment strategies

The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by investing primarily in adiversified global portfolio of income-producing securitieswhich may include, but is not limited to, dividend-payingcommon and preferred shares, income trusts, and bonds.Asset allocation is primarily driven by a strategic view onreturn expectations for the various asset classes. Commonshare investments will focus on companies that areexpected to pay out increasing dividends over time and/orcompanies that have above-average dividend yields.

The Fund may use specified derivatives, such as options,futures and forward contracts, to:

n gain exposure to equity instruments without actuallyinvesting in them directly (including when owning thederivative investment is more efficient or less costly thanowning the equity instrument itself)

n reduce the risk associated with currency fluctuations

n enhance income

n provide downside risk protection for one or more stocks

The Fund holds money market instruments or cash to meetits obligations under the derivatives instruments.

The Fund may engage in securities lending, repurchase orreverse repurchase transactions in a manner consistent withits investment objectives and as permitted by Canadiansecurities regulatory authorities. For more information, seeSecurities lending, repurchase and reverse repurchasetransactions in Your guide to understanding the Fund Profilein the first part of this document.

In some market conditions, the Fund may invest a portion ofits assets in short-term or other debt securities.

We may change the Fund’s investment strategies at ourdiscretion without notice or approval.

What are the risks of investing in the Fund?

Risks of investing in the Fund may include:

n capital depreciation risk

n commodity risk

n credit risk

n derivatives risk

n equity risk

n foreign currency risk

n foreign market risk

n income trust risk

n interest rate risk

n large investor risk

n liquidity risk

n repurchase and reverse repurchase agreements risk

n securities lending risk

n series risk

These and other risks, which may also apply to the Fund, aredescribed under the heading Fund-specific risks in the firstpart of this document.

This document provides specific information about the TD Global Dividend Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD Global Dividend Fund

Who should invest in the Fund?

The Fund may be suitable for medium to long-term investorswho are:

n more interested in growth than income

n contributing to the growth component of a diversifiedportfolio

n willing to accept a moderate level of risk

Distribution policy

In the case of Investor Series, Institutional Series and O-Seriesunits, the Fund may distribute net income quarterly or atother times. In the case of H-Series units, the Fund intendsto make a distribution monthly that may consist of net income,net realized capital gains and/or return of capital. If thedistributions in a year are less than the Fund’s net incomeand net realized capital gains for the year, the Fund willmake an additional distribution in December.

Fund expenses indirectly borne by investors

Mutual funds pay for some expenses out of the Fund’s assets.That means investors in a mutual fund indirectly pay for theseexpenses through lower returns.

The table below is intended to help you compare thecumulative cost of investing in this Fund with the cost ofinvesting in other mutual funds. This example assumes that:(i) you invest $1,000 in units of the Fund for the timeperiods indicated; (ii) your investment has an annual 5%return; and (iii) the Fund’s MER for the Series units duringthe 10-year period remains the same as that incurred in itslast financial year.

Although your actual costs may be higher or lower, based onthese assumptions, your costs would be:

1 year 3 years 5 years 10 years

Investor Series $25.01 $78.84 $138.20 $314.57

Institutional Series $10.87 $34.25 $ 60.04 $136.66

H-Series $25.01 $78.84 $138.20 $314.57

See Fees and expenses in the first part of this document formore information on the costs of investing in the Fund thatare not included in the calculation of the MER.

This document provides specific information about the TD Global Dividend Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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Fund details


Securities offered Investor Series unitsInstitutional Series units

Start date Investor Series – September 6, 2006Institutional Series – November 6, 2006


Portfolio adviser Global Currents Investment Management,LLC* (Philadelphia, U.S.A.)


(excluding GST)

Administration fee Investor Series – 0.30% (excluding GST)

* Effective July 1, 2008, the investment adviser agreement between TDAM andBrandywine Global Investment Management, LLC (“Brandywine”) was assigned toBrandywine’s affiliate Global Currents Investment Management, LLC.



The fundamental investment objective is to achieve long-termcapital appreciation by investing primarily in equity securitiesof issuers located anywhere in the world.



The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by investing primarily in a diversified portfolio of global stocks that covervarious industries in developed markets and that may alsoinclude emerging markets. The portfolio adviser employsquantitative screening to generate a diversified universe ofstocks trading below their normal valuation and then conductsfundamental analysis to identify the companies that willlikely reach their long-term value. The portfolio adviserfocuses on the longer term, as opposed to developingspecific short-term earnings forecasts.




n enhance income








n commodity risk

n derivatives risk

n equity risk



n income trust risk

n large investor risk (as at June 25, 2008, four unitholdersheld 31.50%, 29.64%, 17.14% and 10.51%, respectively,of the units of the Fund)

n liquidity risk



n series risk

n small company risk




n seeking a diversified global equity fund

n contributing to the growth component of a diversified portfolio


This document provides specific information about the TD Global Value Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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Distribution policy

The Fund distributes net income and net realized capitalgains annually in December.






Investor Series $26.04 $82.08 $143.86 $327.47



This document provides specific information about the TD Global Value Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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TD Global Select Fund

Fund details



Start date Investor Series – January 4, 1994Institutional Series – October 18, 2000

The Fund was formed on December 15, 1993.

Portfolio adviser OppenheimerFunds, Inc.(New York, U.S.A.)


(excluding GST)




The fundamental investment objective is to seek to achievelong-term capital appreciation by investing primarily inequity securities of companies from anywhere in the world,including companies considered to be global leaders in theirrespective industries.



The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by investing primarily in a diversified portfolio of equity investments acrossvarious industries in developed markets and, to a lesserextent, emerging markets. The investment process includesconducting fundamental analysis of a company’s financialstatements, management structure, operations and productdevelopment, and considers factors affecting the industry ofwhich the issuer is a part. The portfolio adviser considersoverall and relative economic conditions in global markets,and seeks broad portfolio diversification in different countriesto help moderate the risks of foreign investing. The portfolioadviser also considers the effect of worldwide trends on thegrowth of various business sectors. The trends or global“themes” currently considered include development of newtechnologies, corporate restructuring, the growth of massaffluence and demographic changes.




n enhance income








n commodity risk

n derivatives risk

n equity risk



n income trust risk

n large investor risk (as at June 25, 2008, two unitholdersheld 33.43% and 19.13%, respectively, of the units of the Fund)

n liquidity risk



n series risk


This document provides specific information about the TD Global Select Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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TD Global Select Fund



n seeking a core global equity fund with wide geographicdiversification and some foreign currency exposure



Distribution policy







Investor Series $25.01 $78.84 $138.20 $314.57

Institutional Series $ 9.23 $29.08 $ 50.97 $116.03


This document provides specific information about the TD Global Select Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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TD Global Multi-Cap Fund

Fund details


Securities offered Investor Series unitsInstitutional Series unitsO-Series units

Start date Investor Series – September 6, 2006Institutional Series – November 6, 2006O-Series – Not available to the public prior

to the date of this prospectus


Portfolio adviser T. Rowe Price International, Inc.(Baltimore, U.S.A)


(excluding GST)O-Series – Negotiated with, and paid by

unitholders directly to, the Manager




The fundamental investment objective is to achieve long-termcapital appreciation by investing primarily in equity securitiesof companies from anywhere in the world.



The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by investing primarily in a diversified portfolio of global stocks that cover variousindustries in developed markets and, to a lesser extent,emerging markets. Stocks may be purchased anywherethroughout the market capitalization spectrum. Investmentopportunities are assessed in a global sector context using agrowth investing approach. Investments are chosen based onone or more of the following characteristics: leading marketposition, attractive business niche, strong franchise, earningsgrowth, cash flow sufficient to support growing dividends,healthy balance sheets, sound management team, andreasonable stock price valuation.




n enhance income








n commodity risk

n derivatives risk

n equity risk



n income trust risk

n large investor risk (as at June 25, 2008, one unitholderheld 70.07% of the units of the Fund)

n liquidity risk



n series risk



This document provides specific information about the TD Global Multi-Cap Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD Global Multi-Cap Fund


The Fund may be suitable for long-term investors who:

n are seeking a diversified global equity fund

n want to contribute to the growth component of adiversified portfolio

n are willing to accept a moderate level of risk

Distribution policy







Investor Series $26.04 $82.08 $143.86 $327.47



This document provides specific information about the TD Global Multi-Cap Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD Global Sustainability Fund

Fund details


Securities offered Investor Series units

Start date Investor Series – September 4, 2007

The Fund was formed on July 19, 2007.


Management fee Investor Series – Up to 2.10% (excluding GST)




The fundamental investment objective is to seek to achievelong-term capital appreciation by investing primarily inequity securities of companies around the globe, that areviewed as contributing to the world’s future sustainability.



The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by investing primarily incompanies from anywhere in the world that are viewed as (i)best-in-class with respect to environmental, social and/oreconomic factors as defined by the Dow Jones SustainabilityWorld Index using SAM Research’s Corporate SustainabilityAssessmentTM, and/or (ii) emerging specialists in cleanenergy technology and resource efficiency. The criteria usedby SAM Research to identify sustainability leaders mayinclude corporate governance, risk and crisis management,codes of conduct/compliance/corruption and bribery,environmental performance, environmental reporting, humancapital development, talent attraction and retention, labourpractice indicators, corporate citizenship/philanthropy, socialreporting, industry-specific criteria and other factors.

In addition to large-capitalization companies, the Fundmay also invest to a lesser extent in small- and mid-capitalization companies in developed markets, andemerging market companies.


n gain exposure to equity instruments without actuallyinvesting in them directly (including when owning the

derivative investment is more efficient or less costly thanowning the equity instrument itself)


n enhance income








n commodity risk

n derivatives risk

n equity risk



n income trust risk


n liquidity risk



n series risk





n want to invest in companies whose business activitiesreflect an interest in the world’s future sustainability

n want to contribute to the growth component of adiversified portfolio


This document provides specific information about the TD Global Sustainability Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD Global Sustainability Fund

Distribution policy







Investor Series $25.01 $78.84 $138.20 $314.57


Additional information

The Fund is not sponsored, endorsed, sold or promoted bySAM Indexes GmbH, Dow Jones & Company, Inc., or any oftheir respective affiliates. Neither SAM Indexes GmbH, DowJones & Company, Inc. nor any of their respective affiliatesmakes any representation or warranty, express or implied, tothe unitholders of or counterparts to the Fund or any memberof the public regarding the advisability of investing insecurities or commodities generally or in the Fund particularly.The only relationship of SAM Indexes GmbH to TDAM is thelicensing of certain trademarks, trade names and service marksand of the Dow Jones Sustainability IndexesSM, which isdetermined, composed and calculated without regard toTDAM or the Fund. Neither SAM Indexes GmbH, DowJones & Company, Inc. nor any of their respective affiliates hasany obligation to take the needs of TDAM or the unitholdersof the Fund into consideration in determining, composing orcalculating Dow Jones Sustainability IndexesSM. NeitherSAM Indexes GmbH, Dow Jones & Company, Inc. nor any oftheir respective affiliates is responsible for nor has participatedin the determination of the timing of, prices at, or quantities ofthe Fund’s units to be issued or in the determination orcalculation of the equation by which the Fund’s units are to be

converted into cash. Neither SAM Indexes GmbH, DowJones & Company, Inc. nor any of their respective affiliatesshall have any obligation or liability in connection with theadministration, marketing or trading of the Fund.Notwithstanding the foregoing, SAM Indexes GmbH,Dow Jones & Company, Inc. and their respective affiliatesmay independently issue and/or sponsor financial productsunrelated to the Funds currently being issued by TDAM, butwhich may be similar to and competitive with the Fund.

NONE OF SAM INDEXES GMBH, DOW JONES &COMPANY, INC. OR ANY OF THEIR RESPECTIVEAFFILIATES GUARANTEES THE ACCURACY AND/ORTHE COMPLETENESS OF THE DOW JONESSUSTAINABILITY INDEXESSM OR ANY DATAINCLUDED THEREIN AND NONE OF SAM INDEXESGMBH, DOW JONES & COMPANY, INC. OR ANY OFTHEIR RESPECTIVE AFFILIATES SHALL HAVE ANYLIABILITY FOR ANY ERRORS, OMISSIONS, ORINTERRUPTIONS THEREIN. NONE OF SAM INDEXESGMBH, DOW JONES & COMPANY, INC. OR ANY OFTHEIR RESPECTIVE AFFILIATES MAKES ANYWARRANTY, EXPRESS OR IMPLIED, AS TO RESULTSTO BE OBTAINED BY TDAM, UNITHOLDERS OF THEFUND, OR ANY OTHER PERSON OR ENTITY FROMTHE USE OF THE DOW JONES SUSTAINABILITYINDEXESSM OR ANY DATA INCLUDED THEREIN.NONE OF SAM INDEXES GMBH, DOW JONES &COMPANY, INC., OR ANY OF THEIR RESPECTIVEAFFILIATES MAKES ANY EXPRESS OR IMPLIEDWARRANTIES, AND EXPRESSLY DISCLAIMS ALLWARRANTIES OF MERCHANTABILITY OR FITNESSFOR A PARTICULAR PURPOSE OR USE WITH RESPECTTO THE DOW JONES SUSTAINABILITY INDEXSM ORANY DATA INCLUDED THEREIN. WITHOUT LIMITINGANY OF THE FOREGOING, IN NO EVENT SHALL SAMINDEXES GMBH, DOW JONES & COMPANY, INC. ORANY OF THEIR RESPECTIVE AFFILIATES HAVE ANYLIABILITY FOR ANY LOST PROFITS OR INDIRECT,PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGESOR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITYTHEREOF. OTHER THAN DOW JONES & COMPANY,INC. AND LICENSOR’S AFFILIATES THERE ARE NOTHIRD PARTY BENEFICIARIES OF ANY AGREEMENTSOR ARRANGEMENTS BETWEEN SAM INDEXES GMBHAND TDAM.

This document provides specific information about the TD Global Sustainability Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD International Equity Fund

Fund details

Fund type International Equity


Start date Investor Series – November 30, 1987Institutional Series – March 24, 2003


Portfolio adviser AllianceBernstein Canada, Inc.(Toronto, Canada)


(excluding GST)




The fundamental investment objective is to seek to achievelong-term capital growth by investing primarily in equitysecurities of issuers outside of Canada and the United States.



The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by using a well-diversifiedportfolio primarily comprising equity securities of companiesdomiciled in the developed countries of Europe, Australasia,and the Far East. The portfolio adviser utilizes an investmentstrategy that seeks companies that are viewed to be mispricedrelative to their long-term earnings prospects. Companies areassessed both from a global industry perspective and from acountry-based standpoint.

The Fund holds a diversified portfolio of investments in anumber of countries and in a wide range of industries.

The Fund considers issuers to be outside of Canada and theUnited States if (a) the issuer derives significant revenue fromgoods produced, sales made or services rendered outsideCanada and the United States, (b) the principal trading marketfor the securities of the issuer is outside Canada and theUnited States, (c) the issuer is organized under the laws of ajurisdiction other than Canada and the United States, or (d)the issuer has significant assets or a principal office outsideCanada and the United States.



n obtain the desired foreign currency exposure

n enhance income




The Fund’s portfolio turnover rate, which may be greaterthan 70%, indicates how actively the portfolio adviser managesthe Fund’s portfolio. The higher the Fund’s portfolio turnoverrate in a year, the greater the trading costs payable by theFund in the year, and the greater the chance of an investorreceiving taxable distributions in the year. There is notnecessarily a relationship between a high turnover rate andthe performance of the Fund.





n commodity risk

n derivatives risk

n equity risk



n large investor risk (as at June 25, 2008, three unitholdersheld 30.21%, 28.23% and 14.16%, respectively, of theunits of the Fund)

n liquidity risk



n series risk

This document provides specific information about the TD International Equity Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD International Equity Fund



The Fund may be suitable for medium to long-terminvestors who:

n already have sufficient Canadian and U.S. investmentsand are seeking geographic diversification outside ofNorth America

n would like to have some currency diversification outsideof North America

n are contributing to the growth component of adiversified portfolio


Distribution policy

The Fund may distribute net income quarterly or at othertimes and distributes net income and net realized capitalgains annually in December.






Investor Series $25.01 $78.84 $138.20 $314.57



This document provides specific information about the TD International Equity Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD International Equity Growth Fund

Fund details

Fund type International Equity


Start date Investor Series – September 6, 2006Institutional Series – November 6, 2006


Portfolio adviser Morgan Stanley Investment Management Inc.(New York, U.S.A.)


(excluding GST)




The fundamental investment objective is to achieve long-termcapital growth by investing primarily in stocks and othersecurities of, or with exposure to, companies outside Canadaand the U.S.



The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by using a well-diversifiedportfolio primarily comprising stocks or other securities ofor with exposure to companies in the markets of Europe,Australasia, and the Far East, and may include those inemerging market countries. The portfolio adviser employsa growth-oriented approach, seeking to identify companieswith solid management and sustainable competitive advantagesthat are supported by a strong balance sheet and exhibit anattractive price/earnings ratio that doesn’t reflect theirearnings growth potential.

The Fund considers issuers to be outside of Canada and theUnited States if (a) the issuer derives significant revenue fromgoods produced, sales made or services rendered outsideCanada and the United States, (b) the principal trading marketfor the securities of the issuer is outside Canada and the

United States, (c) the issuer is organized under the laws of ajurisdiction other than Canada and the United States, or (d)the issuer has significant assets or a principal office outsideCanada and the United States.



n obtain the desired foreign currency exposure








n commodity risk

n derivatives risk

n equity risk



n large investor risk (as at June 25, 2008, three unitholdersheld 29.70%, 27.90% and 14.10%, respectively, of theunits of the Fund)

n liquidity risk



n series risk


This document provides specific information about the TD International Equity Growth Fund. It should be read in conjunction with the rest ofthe simplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general informationabout the TD Mutual Funds together constitute the simplified prospectus.

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TD International Equity Growth Fund



The Fund may be suitable for medium to long-terminvestors who:

n already have sufficient Canadian and U.S. investmentsand are seeking geographic diversification outside ofNorth America

n are contributing to the growth component of a diversifiedportfolio


Distribution policy







Investor Series $26.65 $84.01 $147.26 $335.20



This document provides specific information about the TD International Equity Growth Fund. It should be read in conjunction with the rest ofthe simplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general informationabout the TD Mutual Funds together constitute the simplified prospectus.

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Fund details

Fund type European Equity


Start date Investor Series – November 23, 1994Institutional Series – October 28, 2002




(excluding GST)




The fundamental investment objective is to seek to achievelong-term capital growth by investing primarily in equitysecurities of issuers in Europe.

The fundamental investment objective of the Fund may onlybe changed with the approval of a majority of unitholders,given at a meeting called for that purpose.


The portfolio adviser seeks to achieve the fundamentalinvestment objective of the Fund by investing primarily insecurities of issuers of varying market capitalizations that arelocated in a developed market in Europe. The criteria for stockselection is that, relative to the peer group, relative to historyand in absolute terms, a stock should be attractively valued.

The Fund considers issuers to be in Europe if (a) the issuerderives significant revenue from goods produced, sales madeor services rendered in Europe, (b) the principal tradingmarket for the securities of the issuer is in Europe, (c) theissuer is organized under the laws of a jurisdiction in Europe,or (d) the issuer has significant assets or a principal officein Europe.




n enhance income








n commodity risk

n derivatives risk

n equity risk




n liquidity risk



n series risk

n specialization risk




n seeking exposure to the economies and currencies of Europe, including through blue-chip European companies

n contributing to the growth component of a diversified portfolio


This document provides specific information about the TD European Growth Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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Distribution policy







Investor Series $27.68 $87.25 $152.92 $348.09



This document provides specific information about the TD European Growth Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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Fund details

Fund type Japanese Equity


Start date Investor Series – November 23, 1994Institutional Series – April 8, 2008




(excluding GST)




The fundamental investment objective of the Fund is toachieve long-term capital growth by investing primarily inequity securities issued by companies located in, or havingtheir principal activities in, Japan. Under certain marketconditions, short-term securities may be held in the portfolio.The Fund’s primary focus will be Japan, however, theinvestment adviser may invest up to 20% of the Fund’s assetsin companies domiciled outside of Japan, provided thebusiness of such companies is related to Japan.



The portfolio adviser seeks to achieve the investmentobjectives of the Fund by focusing on companies that areoperating in sound core business areas and that trade onreasonable valuations. In addition, it tries to identifycompanies that offer shareholders growth and positivereturns over the longer term.




n enhance income




The Fund’s portfolio turnover rate, which may be greaterthan 70% in a year, indicates how actively the portfolioadviser manages the Fund’s portfolio. The higher the Fund’sportfolio turnover rate in a year, the greater the trading costspayable by the Fund in the year, and the greater the chanceof an investor receiving taxable distributions in the year.There is not necessarily a relationship between a high turnoverrate and the performance of the Fund.





n commodity risk

n derivatives risk

n equity risk




n liquidity risk



n series risk



This document provides specific information about the TD Japanese Growth Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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The Fund may be suitable for long-term investors who are:

n seeking exposure to Japanese equities and the country’scurrency


n willing to accept a moderate to high level of risk

Distribution policy







Investor Series $27.68 $87.25 $152.92 $348.09

Institutional Series1 — — — —1 No units were issued prior to 2008.


This document provides specific information about the TD Japanese Growth Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

19

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Fund details

Fund type Asia ex-Japan Equity


Start date Investor Series – January 4, 1994Institutional Series – April 23, 2004


Portfolio adviser Martin Currie Inc.(Edinburgh, Scotland)


(excluding GST)




The fundamental investment objective is to seek to achievelong-term capital growth by investing primarily in equitysecurities of issuers in Asia and Australasia, excluding Japan.



The portfolio adviser employs a growth-at-a-reasonable-pricestyle in order to add value over the longer term. Investmentsare subjected to a rigorous analysis using a framework basedon four key factors: quality, growth, value and positive change.This framework is used to identify mispriced securities withimproving or deteriorating fundamentals. This processconstantly identifies investments for the Fund that can beevaluated on a consistent basis. To assist in the managementof risk and to provide a framework for portfolio construction,the portfolio adviser also employs a top-down countryselection overlay within the investment process.

The Fund considers issuers to be in Asia or Australasia, otherthan Japan, if (a) the issuer derives significant revenue fromgoods produced, sales made or services rendered in that area,(b) the principal trading market for the securities of the issueris in that area, (c) the issuer is organized under the laws of ajurisdiction in that area, or (d) the issuer has significant assetsor a principal office in that area.




n enhance income









n commodity risk

n derivatives risk

n equity risk




n liquidity risk



n series risk


This document provides specific information about the TD Asian Growth Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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n seeking exposure to the economies of Asia (other thanJapan) and/or Pacific nations


n willing to accept a high level of risk

Distribution policy







Investor Series $28.29 $89.18 $156.32 $355.83



This document provides specific information about the TD Asian Growth Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

21

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TD Pacific Rim Fund

Fund details

Fund type Asia/Pacific Rim Equity

Securities offered Investor Series units

Start date Investor Series – January 31, 1994


Portfolio adviser Martin Currie Inc.(Edinburgh, Scotland)





The fundamental investment objective is to seek to achievelong-term capital growth by investing primarily in equitysecurities of issuers in Asia or Australasia.



The portfolio adviser employs a growth-at-a-reasonable-pricestyle in order to add value over the longer term. Investmentsare subjected to a rigorous analysis using a framework basedon four key factors: quality, growth, value and positive change.This framework is used to identify mispriced securities withimproving or deteriorating fundamentals. This processconstantly identifies investments for the Fund that can beevaluated on a consistent basis. To assist in the managementof risk and to provide a framework for portfolio construction,the portfolio adviser also employs a top-down countryselection overlay within the investment process. Undercertain market conditions, short-term securities may be heldby the Fund.

The Fund considers issuers to be in Asia or Australasia if (a)the issuer derives significant revenue from goods produced,sales made or services rendered in that area, (b) the principaltrading market for the securities of the issuer is in that area,(c) the issuer is organized under the laws of a jurisdiction inthat area, or (d) the issuer has significant assets or aprincipal office in that area.




n enhance income









n commodity risk

n derivatives risk

n equity risk




n liquidity risk




This document provides specific information about the TD Pacific Rim Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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TD Pacific Rim Fund




n seeking exposure to Asian and Australasian equitymarkets and currencies


n willing to accept a moderate to high level of risk

Distribution policy

The Fund distributes net income and net realized capitalgains, if any, annually in December.






Investor Series $25.52 $80.46 $141.03 $321.02


This document provides specific information about the TD Pacific Rim Fund. It should be read in conjunction with the rest of the simplifiedprospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information about theTD Mutual Funds together constitute the simplified prospectus.

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Fund details

Fund type Emerging Markets Equity


Start date Investor Series – December 21, 1992Institutional Series – October 18, 2000

The Fund was formed on November 19, 1992.



(excluding GST)




The fundamental investment objective is to seek to achievelong-term capital growth by investing primarily in equitysecurities of issuers in emerging countries.



The portfolio adviser seeks to achieve the fundamentalinvestment objective by investing primarily in growth-oriented equity securities in emerging markets. Theinvestment approach combines top-down country allocationwith bottom-up stock selection. Investment selectioncriteria include attractive growth characteristics, reasonablevaluations and management that have strong shareholdervalue orientation. The Fund invests in equity securities bypurchasing common and preferred shares and may holdfixed income securities as an equity substitute when debt isthe preferred way to access a market. The Fund will bemanaged so as to be invested in a diversified portfolio ofsecurities of issuers in emerging countries. Under normalconditions, at least 65% of the Fund’s total assets will beinvested in securities of issuers in emerging countries.However, in some market conditions, short-term securitiesmay be held by the Fund.

The Fund determines, from time to time, which countriesconstitute an emerging country. Currently, the Fund considersan emerging country to be a country within the MSCIEmerging Markets Index. This may be changed by the Fundfrom time to time without notice or approval.

The Fund considers issuers to be in an emerging country if(a) the issuer derives significant revenue from goods produced,sales made or services rendered in an emerging country, (b)the principal trading market for securities of the issuer is inan emerging country, (c) the issuer is organized under thelaws of an emerging country, or (d) the issuer has significantassets or a principal office in an emerging country.

The Fund may use specified derivatives, such as options,futures and forward contracts to:



n enhance income







This document provides specific information about the TD Emerging Markets Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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n commodity risk

n derivatives risk

n equity risk




n liquidity risk



n series risk




n seeking exposure to the developing economies andcurrencies around the globe


n willing to accept some short-term volatility forpotentially higher long-term returns

n willing to accept a high level of risk

Distribution policy







Investor Series $28.29 $89.18 $156.32 $355.83



This document provides specific information about the TD Emerging Markets Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD Latin American Growth Fund

Fund details

Fund type Emerging Markets Equity

Securities offered Investor Series units (C$) (US$)

Start date Investor Series – November 23, 1994







The fundamental investment objective is to achieve long-termcapital growth through investments in securities of companieslocated in, or having their principal activities in, Mexico andall countries in Central America and South America, includingArgentina, Brazil, Chile and Venezuela. Under certain marketconditions, short-term securities may be held in the portfolio.



The portfolio adviser seeks to achieve the fundamentalinvestment objective by investing in growth-oriented equitysecurities in Latin American markets. The investment approachcombines top-down country allocation with bottom-up stockselection. Investment selection criteria include attractivegrowth characteristics, reasonable valuations and managementthat has strong shareholder value orientation.

Typically, the portfolio adviser invests in equity securities bypurchasing common and preferred shares and may holdfixed income securities as an equity substitute when debt isthe only way to access a market.




n enhance income








n commodity risk

n concentration risk

n derivatives risk

n equity risk




n liquidity risk



n series risk



In the twelve-month period ending June 25, 2008, more than10% of the net assets of the Fund were invested in AmericanDepository Receipts of Petroleo Brasileiro S.A.; AmericanDepository Receipts and preferred shares of Cia Vale do RioDoce; and common shares of America Movil S.A.B. de C.V.The maximum percentage of net assets of the Fund investedin the securities of these issuers during the twelve-monthperiod ending June 25, 2008 was as follows: PetroleoBrasileiro S.A. – 17.28%; Cia Vale do Rio Doce – 12.82%;and America Movil S.A.B. de C.V. – 11.47%. The Fund mayhave experienced concentration risk as a result of theseinvestments.

This document provides specific information about the TD Latin American Growth Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

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TD Latin American Growth Fund



n want exposure to the developing economies of LatinAmerica

n are willing to accept some short-term volatility forpotentially higher long-term returns

n are contributing to the growth component of a diversifiedportfolio

n are willing to accept a high level of risk

Distribution policy







Investor Series $28.29 $89.18 $156.32 $355.83


This document provides specific information about the TD Latin American Growth Fund. It should be read in conjunction with the rest of thesimplified prospectus of the TD Mutual Funds dated July 23, 2008. This document and the document that provides general information aboutthe TD Mutual Funds together constitute the simplified prospectus.

MANAGER

TD Asset Management Inc.

MAILING ADDRESS

TD Asset Management Inc.Toronto Dominion Bank TowerToronto-Dominion Centre P.O. Box 100Toronto, OntarioM5K 1G8

TELEPHONE

English: 1-800-386-3757

French: 1-800-409-7125

Chinese: 1-800-288-1177

INTERNET

Site: www.tdassetmanagement.com

E-mail: [email protected]

IN PERSON

Visit your TD Canada Trust branch.

TD Mutual Funds are managed by TD Asset Management Inc., awholly-owned subsidiary of The Toronto-Dominion Bank.

TD Mutual Funds is a trade-mark of The Toronto-Dominion Bank,used under license.

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