TD U.S. Long Term Treasury Bond ETF

The investment objective of TD U.S. Long Term Treasury Bond ETF (the Fund) is to seek to earn a high rate of interest income by investing primarily in, or gaining exposure to, longer-dated U.S. Treasury bonds. To achieve Fund’s objective, the Fund primarily invests in semi-annual pay fixed rate bonds issued by the U.S. Treasury, denominated in U.S. dollars, with terms to maturity greater than 10 years, but may, from time to time, invest in U.S. Treasury bonds with terms to maturity between 7 and 10 years, with an overall portfolio duration target of approximately 15 years.