2009 SEMI-ANNUAL FINANCIAL REPORT pdf

Mutual Funds
2009 Semi-Annual Financial Report
●
TD Mutual Funds 2009 Semi-Annual Financial Report
2 Management’s Responsibility
for Financial Reporting
Financial Statements
MONEY MARKET FUNDS
3 TD Canadian T-Bill Fund
5 TD Canadian Money Market Fund
10 TD Premium Money Market Fund
15 TD U.S. Money Market Fund
FIXED INCOME FUNDS
19 TD Short Term Bond Fund
23 TD Mortgage Fund
26 TD Canadian Bond Fund
31 TD Canadian Core Plus Bond Fund
37 TD Corporate Bond Capital Yield Fund
42 TD Real Return Bond Fund
45 TD Global Bond Fund
51 TD High Yield Income Fund
59 TD Income Advantage Portfolio
BALANCED FUNDS
63 TD Monthly Income Fund
70 TD Balanced Income Fund
76 TD Diversified Monthly Income Fund
84 TD Balanced Growth Fund
90 TD Dividend Income Fund
CANADIAN EQUITY FUNDS
98 TD Dividend Growth Fund

102 TD Income Trust Capital Yield Fund
106 TD Canadian Blue Chip Equity Fund
111 TD Canadian Equity Fund
116 TD Canadian Value Fund
120 TD Canadian Small-Cap Equity Fund
U.S. EQUITY FUNDS
124 TD North American Dividend Fund
128 TD U.S. Blue Chip Equity Fund
132 TD U.S. Quantitative Equity Fund
136 TD U.S. Large-Cap Value Fund
140 TD U.S. Large-Cap Value Currency Neutral Fund
143 TD U.S. Mid-Cap Growth Fund
147 TD U.S. Small-Cap Equity Fund
152 TD U.S. Equity Advantage Portfolio
155 TD U.S. Equity Advantage Currency Neutral Portfolio
GLOBAL EQUITY FUNDS
158 TD Global Dividend Fund
163 TD Global Value Fund
167 TD Global Select Fund
171 TD Global Multi-Cap Fund
175 TD Global Sustainability Fund
179 TD International Equity Fund
184 TD International Equity Growth Fund
188 TD European Growth Fund
192 TD Japanese Growth Fund
196 TD Asian Growth Fund
200 TD Pacific Rim Fund
203 TD Emerging Markets Fund
208 TD Latin American Growth Fund
212 TD Global Equity Advantage Portfolio

SECTOR FUNDS
215 TD Resource Fund
220 TD Energy Fund
224 TD Precious Metals Fund
230 TD Entertainment & Communications Fund
234 TD Science & Technology Fund
238 TD Health Sciences Fund
INDEX FUNDS
244 TD Canadian Bond Index Fund
255 TD Balanced Index Fund
257 TD Canadian Index Fund
262 TD Dow Jones Industrial Average
SM
Index Fund
266 TD U.S. Index Fund
273 TD U.S. Index Currency Neutral Fund
277 TD Nasdaq
®
Index Fund
282 TD International Index Fund
294 TD International Index Currency Neutral Fund
298 TD European Index Fund
306 TD Japanese Index Fund
312 Notes to Financial Statements
2009 Semi-Annual Financial Report TD Mutual Funds
1
TD Mutual Funds 2009 Semi-Annual Financial Report
2
The accompanying unaudited interim financial statements have
been prepared by TD Asset Management Inc. as Manager of the

Funds and approved by its Board of Directors. The Manager
is responsible for the integrity, objectivity and reliability of the
data presented. This responsibility includes selecting appropriate
accounting principles and making judgments and estimates
consistent with Canadian generally accepted accounting
principles. The Manager is also responsible for the development
of internal controls over the financial reporting process which
are designed to provide reasonable assurance that relevant and
reliable financial information is produced and the safeguarding
of all assets of the Funds.
The Board of Directors of TD Asset Management Inc. is
responsible for reviewing and approving the financial statements
and overseeing management’s performance of its financial
reporting responsibilities.
On behalf of TD Asset Management Inc.,
Manager of the Funds
Timothy Pinnington Rudy Sankovic
Director and President Director and
TD Mutual Funds Chief Financial Officer
August 13, 2009 August 13, 2009
●
Notice to Unitholders
The Auditors of the Funds have not reviewed
these Financial Statements
TD Asset Management Inc., the Manager of the Funds, appoints
an independent auditor to audit the Funds’ annual financial
statements. Applicable securities laws require that if an auditor
has not reviewed the Funds’ interim financial statements, this
must be disclosed in an accompanying notice.
Management’s Responsibility for Financial Reporting

●
Management ’s Responsibility for Financial Reporting
2009 Semi-Annual Financial Report TD Mutual Funds
3
MO N E Y MA R K E T FUN D S
Statements of Changes in Net Assets
(in 000s except number of units)
for the periods ended June 30, 2009 and 2008 (Unaudited)
Investor Series
2009 2008
Net Assets, Beginning of the Period $ 507,395 $ 285,446
Increase (Decrease) in Net Assets
from Investment Operations 742 3,726
Capital Unit Transactions
†
Proceeds from Sale of Units 246,204 211,736
Reinvestments of Distributions 734 3,666
Amounts Paid on Redemptions (365,008) (219,484)
(118,070) (4,082)
Distributions to Unitholders (742) (3,726)
Increase (Decrease) in Net Assets
for the Period (118,070) (4,082)
Net Assets, End of the Period $ 389,325 $ 281,364
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 50,739,499 28,544,555
Units Issued 24,620,397 21,173,633
Units Issued on Reinvestments 73,387 366,603
Units Redeemed (36,500,794) (21,948,345)
Units Outstanding, End of the Period 38,932,489 28,136,446

The accompanying notes are an integral part of these financial statements.
Statements of Net Assets
(in 000s except per unit amounts and number of units)
as at June 30, 2009 and December 31, 2008 (Unaudited)
2009 2008
Assets
Short-Term Investments $ 389,969 $ 507,769
Cash 72 73
Interest Receivable 654 69
Subscriptions Receivable 615 1,423
391,310 509,334
Liabilities
Accrued Liabilities 85 402
Redemptions Payable 1,898 1,530
Distributions Payable 27
1,985 1,939
Net Assets (Note 3) $ 389,325 $ 507,395
Net Assets Representing Unitholders’ Equity (Note 4)
Investor Series $ 389,325 $ 507,395
Number of Units Outstanding
Investor Series 38,932,489 50,739,499
Net Assets Per Unit (Note 3)
Investor Series $ 10.00 $ 10.00
Statements of Investment Operations
(in 000s except per unit amounts)
for the periods ended June 30, 2009 and 2008 (Unaudited)
2009 2008
Investment Income
Interest $ 1,744 $ 5,137
Securities Lending 41 31

1,785 5,168
Expenses (Note 5)
Management Fee 2,138 1,441
Independent Review Committee Fees 11
2,139 1,442
Less: Waived Expenses (1,096) (0)
1,043 1,442
Net Investment Income (Loss) 742 3,726
Increase (Decrease) in Net Assets
from Investment Operations
†
$ 742 $ 3,726
†
Increase (Decrease) in Net Assets from Investment Operations
Investor Series $ 742 $ 3,726
Increase (Decrease) in Net Assets from Investment Operations – Per Unit
Investor Series $ 0.02 $ 0.12
Financial Statements
●
TD Canadian T-Bill Fund
TD Mutual Funds 2009 Semi-Annual Financial ReportPortfolio Listings
4
MO N E Y MA R K E T FUN D S
Credit Risk (Note 11)
The table below summarizes the debt instruments by credit ratings.
Percentage Percentage
of Total Debt of Total Net
Credit Rating° Instruments (%) Assets (%)
R-1 High 67.51 67.62
R-1 Mid 22.44 22.48

R-1 Low 4.90 4.91
AAA 5.15 5.16
Total 100.00 100.17
° Credit ratings are obtained from Standard & Poor’s, Moody’s
or DBRS ratings.
The accompanying notes are an integral part of these
financial statements.
Short-Term Investments – 100.2%
FEDERAL & GUARANTEES – 56.7%
Canada Housing Trust No. 1
$ 10,000,000 4.65% due September 15, 2009 $ 10,090,103 $ 10,090,103
10,000,000 0.41% due March 15, 2010 10,001,452 10,001,452
Government of Canada Treasury Bill
50,000,000 0.36% due July 09, 2009 49,996,057 49,996,057
62,000,000 0.28% due July 23, 2009 61,989,380 61,989,380
10,000,000 0.22% due August 06, 2009 9,997,833 9,997,833
18,000,000 0.18% due August 20, 2009 17,995,592 17,995,592
10,000,000 0.23% due September 17, 2009 9,994,986 9,994,986
11,000,000 1.00% due January 21, 2010 10,938,987 10,938,987
15,000,000 0.70% due February 18, 2010 14,933,681 14,933,681
5,000,000 0.67% due April 15, 2010 4,973,930 4,973,930
20,000,000 0.46% due May 13, 2010 19,920,729 19,920,729
220,832,730 220,832,730
PROVINCIAL & GUARANTEE S – 31.3%
Alberta Treasury Branches
10,000,000 0.21% due August 28, 2009 9,996,639 9,996,639
Hydro-Quebec
1,000,000 6.00% due July 15, 2009 1,001,910 1,001,910
Province of Manitoba Treasury Bill
25,000,000 0.40% due July 02, 2009 24,999,724 24,999,724

Province of New Brunswick
26,800,000 0.40% due July 09, 2009 26,797,649 26,797,649
5,800,000 4.50% due December 02, 2009 5,892,577 5,892,577
Province of Nova Scotia
10,000,000 0.41% due July 07, 2009 9,999,326 9,999,326
9,100,000 0.22% due July 09, 2009 9,099,563 9,099,563
Province of Ontario
22,000,000 Floating Rate due November 07, 2009 22,003,396 22,003,396
Province of Ontario Treasury Bill
1,333,000 0.78% due August 19, 2009 1,331,611 1,331,611
Province of Saskatchewan
10,000,000 10.00% due January 18, 2010 10,513,402 10,513,402
121,635,797 121,635,797
CORPORATE – 12.2%
Bank of Montreal
29,200,000 0.25% due July 02, 2009 29,200,000 29,200,000
National Bank of Canada
18,300,000 0.25% due July 02, 2009 18,300,000 18,300,000
47,500,000 47,500,000
TOTAL INVESTMENT
PORTFOLIO – 100.2%
389,968,527 389,968,527
OTHER NET LIABILITIES – (0.2%)
(643,640) (643,640)
TOTAL NET ASSETS – 100.0%
$ 389,324,887 $ 389,324,887
●
TD Canadian T-Bill Fund
Statement of Investment Portfolio
as at June 30, 2009 (Unaudited)

Par Value Description Cost Fair Value
2009 Semi-Annual Financial Report TD Mutual Funds
5
MO N E Y MA R K E T FUN D S
Statements of Investment Operations
(in 000s except per unit amounts)
for the periods ended June 30, 2009 and 2008 (Unaudited)
2009 2008
Investment Income
Interest $ 29,472 $ 85,122
Securities Lending 96 94
29,568 85,216
Expenses (Note 5)
Management Fee 20,239 19,511
Independent Review Committee Fees 13 12
20,252 19,523
Less: Waived Expenses (3,600) (0)
16,652 19,523
Net Investment Income (Loss) 12,916 65,693
Increase (Decrease) in Net Assets
from Investment Operations
†
$ 12,916 $ 65,693
†
Increase (Decrease) in Net Assets from Investment Operations
Investor Series $ 10,286 $ 58,998
Institutional Series $ 1,486 $ 3,089
Advisor Series $ 856 $ 2,748
F-Series $ 245 $ 800
O-Series $ 43 $ 58

$ 12,916 $ 65,693
Increase (Decrease) in Net Assets from Investment Operations – Per Unit
Investor Series $ 0.03 $ 0.15
Institutional Series $ 0.05 $ 0.18
Advisor Series $ 0.02 $ 0.14
F-Series $ 0.04 $ 0.17
O-Series $ 0.06 $ 0.18
The accompanying notes are an integral part of these financial statements.
Statements of Net Assets
(in 000s except per unit amounts and number of units)
as at June 30, 2009 and December 31, 2008 (Unaudited)
2009 2008
Assets
Short-Term Investments $ 4,468,429 $ 4,664,353
Cash 276 241
Interest Receivable 2,224 2,438
Subscriptions Receivable 18,930 15,111
4,489,859 4,682,143
Liabilities
Accrued Liabilities 2,119 3,459
Redemptions Payable 14,896 10,979
Distributions Payable 287 878
17,302 15,316
Net Assets (Note 3) $ 4,472,557 $ 4,666,827
Net Assets Representing Unitholders’ Equity (Note 4)
Investor Series $ 3,780,388 $ 3,924,619
Institutional Series $ 274,514 $ 323,392
Advisor Series $ 339,630 $ 347,290
F-Series $ 63,653 $ 66,093
O-Series $ 14,372 $ 5,433

$ 4,472,557 $ 4,666,827
Number of Units Outstanding
Investor Series 378,038,797 392,461,870
Institutional Series 27,451,453 32,339,134
Advisor Series 33,963,028 34,729,028
F-Series 6,365,271 6,609,329
O-Series 1,437,178 543,310
Net Assets Per Unit (Note 3)
Investor Series $ 10.00 $ 10.00
Institutional Series $ 10.00 $ 10.00
Advisor Series $ 10.00 $ 10.00
F-Series $ 10.00 $ 10.00
O-Series $ 10.00 $ 10.00
Financial Statements
●
TD Canadian Money Market Fund
TD Mutual Funds 2009 Semi-Annual Financial Report
6
Financial Statements
●
TD Canadian Money Market Fund
MO N E Y MA R K E T FUN D S
Statements of Changes in Net Assets
(in 000s except number of units)
for the periods ended June 30, 2009 and 2008 (Unaudited)
Investor Series Institutional Series Advisor Series
2009 2008 2009 2008 2009 2008
Net Assets, Beginning of the Period $ 3,924,619 $ 3,712,349 $ 323,392 $ 140,144 $ 347,290 $ 147,654
Increase (Decrease) in Net Assets
from Investment Operations 10,286 58,998 1,486 3,089 856 2,748

Capital Unit Transactions
†
Proceeds from Sale of Units 1,761,232 2,830,593 184,049 266,973 179,370 165,384
Reinvestments of Distributions 10,159 58,244 78 177 831 2,664
Amounts Paid on Redemptions (1,915,622) (2,531,938) (233,005) (163,569) (187,861) (106,496)
(144,231) 356,899 (48,878) 103,581 (7,660) 61,552
Distributions to Unitholders (10,286) (58,998) (1,486) (3,089) (856) (2,748)
Increase (Decrease) in Net Assets
for the Period (144,231) 356,899 (48,878) 103,581 (7,660) 61,552
Net Assets, End of the Period $ 3,780,388 $ 4,069,248 $ 274,514 $ 243,725 $ 339,630 $ 209,206
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 392,461,870 371,234,966 32,339,134 14,014,371 34,729,028 14,765,373
Units Issued 176,123,169 283,059,229 18,404,919 26,697,335 17,937,026 16,538,413
Units Issued on Reinvestments 1,015,947 5,824,423 7,899 17,722 83,100 266,419
Units Redeemed (191,562,189) (253,193,844) (23,300,499) (16,356,887) (18,786,126) (10,649,571)
Units Outstanding, End of the Period 378,038,797 406,924,774 27,451,453 24,372,541 33,963,028 20,920,634
F-Series O-Series TOTAL
2009 2008 2009 2008 2009 2008
Net Assets, Beginning of the Period $ 66,093 $ 41,471 $ 5,433 $0$4,666,827 $ 4,041,618
Increase (Decrease) in Net Assets
from Investment Operations 245 800 43 58 12,916 65,693
Capital Unit Transactions
†
Proceeds from Sale of Units 47,121 54,667 9,557 5,679 2,181,329 3,323,296
Reinvestments of Distributions 242 785 43 58 11,354 61,928
Amounts Paid on Redemptions (49,803) (40,613) (661) (357) (2,386,953) (2,842,973)
(2,440) 14,839 8,939 5,380 (194,270) 542,251
Distributions to Unitholders (245) (800) (43) (58) (12,916) (65,693)
Increase (Decrease) in Net Assets

for the Period (2,440) 14,839 8,939 5,380 (194,270) 542,251
Net Assets, End of the Period $ 63,653 $ 56,310 $ 14,372 $ 5,380 $ 4,472,557 $ 4,583,869
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 6,609,329 4,147,118 543,310 11
Units Issued 4,712,040 5,466,642 955,682 567,851
Units Issued on Reinvestments 24,228 78,466 4,327 5,797
Units Redeemed (4,980,326) (4,061,277) (66,141) (35,678)
Units Outstanding, End of the Period 6,365,271 5,630,949 1,437,178 537,981
The accompanying notes are an integral part of these financial statements.
2009 Semi-Annual Financial Report TD Mutual Funds Portfolio Listings
7
MO N E Y MA R K E T FUN D S
$ $$
Par Value Description Cost Fair Value
The Bank of Nova Scotia
50,000,000 0.57% due July 14, 2009 49,989,857 49,989,857
25,000,000 0.57% due July 17, 2009 24,993,745 24,993,745
25,000,000 3.10% due August 13, 2009 24,911,431 24,911,431
15,000,000 0.34% due September 01, 2009 14,991,327 14,991,327
25,000,000 0.34% due September 10, 2009 24,983,408 24,983,408
10,000,000 3.30% due September 11, 2009 9,936,980 9,936,980
8,000,000 0.65% due September 14, 2009 7,989,352 7,989,352
15,000,000 3.45% due November 05, 2009 15,102,635 15,102,635
15,000,000 3.15% due November 18, 2009 14,824,269 14,824,269
60,000,000 3.93% due February 18, 2010 61,074,002 61,074,002
5,000,000 0.80% due March 02, 2010 4,973,483 4,973,483
10,000,000 0.85% due March 09, 2010 9,942,056 9,942,056
10,000,000 0.85% due March 11, 2010 9,941,546 9,941,546
7,000,000 0.80% due March 15, 2010 6,960,906 6,960,906

25,000,000 Floating Rate due May 13, 2010 25,000,000 25,000,000
30,000,000 Floating Rate due June 17, 2010 30,000,000 30,000,000
Bay Street Funding Trust
20,000,000 0.53% due August 17, 2009 19,986,359 19,986,359
8,200,000 0.58% due August 21, 2009 8,193,347 8,193,347
8,000,000 0.53% due August 25, 2009 7,993,622 7,993,622
7,000,000 0.53% due August 27, 2009 6,994,212 6,994,212
4,000,000 0.55% due September 11, 2009 3,995,680 3,995,680
12,000,000 0.55% due September 14, 2009 11,986,500 11,986,500
25,000,000 0.55% due September 16, 2009 24,971,125 24,971,125
26,000,000 0.55% due September 18, 2009 25,969,101 25,969,101
Borealis Finance Trust
6,700,000 0.33% due July 02, 2009 6,699,939 6,699,939
4,500,000 0.31% due July 15, 2009 4,499,472 4,499,472
8,000,000 0.30% due July 16, 2009 7,999,012 7,999,012
11,765,000 0.32% due July 28, 2009 11,762,213 11,762,213
2,000,000 0.33% due August 06, 2009 1,999,349 1,999,349
4,000,000 0.33% due August 20, 2009 3,998,179 3,998,179
Caisse centrale Desjardins
17,200,000 0.27% due July 30, 2009 17,196,295 17,196,295
19,700,000 0.28% due August 10, 2009 19,693,964 19,693,964
Canadian Imperial Bank of Commerce
22,000,000 0.27% due July 03, 2009 21,999,673 21,999,673
17,000,000 0.27% due July 08, 2009 16,999,125 16,999,125
23,500,000 0.27% due July 09, 2009 23,498,618 23,498,618
9,000,000 0.53% due July 13, 2009 8,998,433 8,998,433
25,000,000 0.53% due July 15, 2009 24,994,972 24,994,972
15,800,000 0.40% due July 20, 2009 15,796,710 15,796,710
43,000,000 0.28% due July 27, 2009 42,991,470 42,991,470
16,000,000 0.29% due July 31, 2009 15,996,191 15,996,191

2,800,000 0.28% due August 28, 2009 2,798,751 2,798,751
12,000,000 Floating Rate due October 23, 2009 12,000,742 12,000,742
10,000,000 Floating Rate due February 08, 2010 10,000,000 10,000,000
10,000,000 Floating Rate due March 18, 2010 10,000,000 10,000,000
Canadian Master Trust
25,000,000 0.53% due July 30, 2009 24,989,419 24,989,419
30,000,000 0.60% due August 07, 2009 29,981,739 29,981,739
16,000,000 0.56% due August 31, 2009 15,985,080 15,985,080
13,000,000 1.15% due September 15, 2009 12,968,986 12,968,986
12,000,000 1.25% due October 19, 2009 11,955,049 11,955,049
27,000,000 0.85% due October 29, 2009 26,924,811 26,924,811
20,000,000 0.85% due October 30, 2009 19,943,888 19,943,888
12,000,000 0.70% due December 04, 2009 11,964,206 11,964,206
Short-Term Investments – 99.9%
FEDERAL & GUARANTEES – 10.7%
Canada Housing Trust No. 1
$ 12,000,000 0.41% due March 15, 2010 $ 12,001,743 $ 12,001,743
30,000,000 3.75% due March 15, 2010 30,647,452 30,647,452
Export Development Canada
8,000,000 6.20% due June 22, 2010 8,432,385 8,432,385
Government of Canada Treasury Bill
16,000,000 3.12% due July 09, 2009 15,989,387 15,989,387
50,000,000 0.84% due July 23, 2009 49,974,857 49,974,857
72,500,000 2.69% due August 06, 2009 72,312,384 72,312,384
29,000,000 2.71% due September 03, 2009 28,865,580 28,865,580
10,000,000 0.57% due September 17, 2009 9,987,871 9,987,871
34,000,000 0.42% due December 24, 2009 33,931,367 33,931,367
82,000,000 0.72% due January 21, 2010 81,672,935 81,672,935
54,000,000 0.54% due February 18, 2010 53,816,762 53,816,762
34,000,000 0.46% due March 18, 2010 33,887,883 33,887,883

12,000,000 0.67% due April 15, 2010 11,937,431 11,937,431
20,000,000 0.42% due May 13, 2010 19,927,594 19,927,594
16,000,000 0.60% due June 10, 2010 15,910,031 15,910,031
479,295,662 479,295,662
PROVINCIAL & GUARANTEE S – 4.9%
Hydro-Quebec
14,000,000 6.00% due July 15, 2009 14,026,737 14,026,737
Province of British Columbia
18,000,000 6.25% due December 01, 2009 18,406,285 18,406,285
5,000,000 0.73% due March 24, 2010 4,973,591 4,973,591
8,000,000 0.63% due June 08, 2010 7,953,064 7,953,064
Province of Manitoba
15,000,000 Floating Rate due May 15, 2010 14,983,664 14,983,664
Province of Ontario
127,000,000 Floating Rate due November 07, 2009 127,015,388 127,015,388
9,516,000 6.20% due November 19, 2009 9,707,041 9,707,041
10,000,000 0.67% due December 02, 2009 9,971,800 9,971,800
Province of Ontario Treasury Bill
8,000,000 0.78% due August 19, 2009 7,991,662 7,991,662
Province of Quebec Treasury Bill
5,000,000 0.88% due January 29, 2010 4,974,663 4,974,663
220,003,895 220,003,895
CORPORATE – 84.3%
Bank of America N.A.
1,300,000 0.30% due July 08, 2009 1,299,924 1,299,924
16,000,000 0.30% due July 14, 2009 15,998,287 15,998,287
20,000,000 0.30% due July 15, 2009 19,997,667 19,997,667
11,300,000 0.30% due July 20, 2009 11,298,232 11,298,232
7,000,000 0.30% due July 23, 2009 6,998,732 6,998,732
4,600,000 0.30% due July 29, 2009 4,598,956 4,598,956

5,000,000 0.30% due July 30, 2009 4,998,799 4,998,799
Bank of Montreal
26,450,000 Floating Rate due July 31, 2009 26,451,103 26,451,103
●
TD Canadian Money Market Fund
Statement of Investment Portfolio
as at June 30, 2009 (Unaudited)
Par Value Description Cost Fair Value
TD Mutual Funds 2009 Semi-Annual Financial ReportPortfolio Listings
8
TD Canadian Money Market Fund
MO N E Y MA R K E T FUN D S
Par Value Description Cost Fair ValuePar Value Description Cost Fair Value
$ $$$ $$
National Bank of Canada
35,600,000 0.27% due July 02, 2009 35,599,736 35,599,736
16,100,000 0.26% due July 07, 2009 16,099,320 16,099,320
25,000,000 0.52% due July 13, 2009 24,995,719 24,995,719
8,700,000 0.33% due July 22, 2009 8,698,356 8,698,356
OMERS Realty Corporation
30,000,000 0.56% due July 07, 2009 29,997,249 29,997,249
4,000,000 0.30% due July 09, 2009 3,999,736 3,999,736
5,000,000 0.56% due July 13, 2009 4,999,080 4,999,080
20,000,000 0.33% due July 17, 2009 19,997,090 19,997,090
20,000,000 0.32% due August 18, 2009 19,991,573 19,991,573
5,000,000 0.30% due September 02, 2009 4,997,413 4,997,413
Plaza Trust
13,700,000 0.55% due July 02, 2009 13,699,792 13,699,792
21,000,000 0.55% due July 15, 2009 20,995,590 20,995,590
12,470,000 0.55% due July 16, 2009 12,467,185 12,467,185

11,000,000 0.55% due July 17, 2009 10,997,360 10,997,360
11,290,000 0.55% due July 23, 2009 11,286,274 11,286,274
24,180,000 0.55% due July 24, 2009 24,171,658 24,171,658
9,300,000 0.55% due July 28, 2009 9,296,198 9,296,198
21,300,000 0.55% due July 29, 2009 21,291,054 21,291,054
10,465,000 0.65% due July 30, 2009 10,459,593 10,459,593
24,000,000 0.64% due August 04, 2009 23,985,754 23,985,754
25,000,000 0.59% due August 05, 2009 24,985,886 24,985,886
10,050,000 0.55% due August 07, 2009 10,044,422 10,044,422
15,000,000 0.55% due September 04, 2009 14,985,375 14,985,375
6,595,000 0.55% due September 08, 2009 6,588,149 6,588,149
25,000,000 0.55% due September 09, 2009 24,973,750 24,973,750
5,000,000 0.55% due September 15, 2009 4,994,279 4,994,279
10,000,000 0.55% due September 17, 2009 9,988,300 9,988,300
PURE Trust
10,000,000 0.60% due July 02, 2009 9,999,835 9,999,835
13,000,000 0.55% due July 10, 2009 12,998,245 12,998,245
16,000,000 0.55% due July 16, 2009 15,996,400 15,996,400
13,400,000 0.70% due July 21, 2009 13,394,878 13,394,878
27,000,000 0.56% due July 22, 2009 26,991,372 26,991,372
5,000,000 0.55% due July 23, 2009 4,998,350 4,998,350
22,600,000 0.55% due July 24, 2009 22,592,203 22,592,203
38,040,000 0.55% due July 28, 2009 38,024,560 38,024,560
8,000,000 0.55% due July 29, 2009 7,996,640 7,996,640
10,000,000 0.65% due August 04, 2009 9,993,952 9,993,952
15,000,000 0.55% due September 09, 2009 14,984,250 14,984,250
38,620,000 0.53% due September 15, 2009 38,577,078 38,577,078
10,080,000 0.55% due September 18, 2009 10,068,055 10,068,055
13,400,000 0.70% due November 04, 2009 13,367,733 13,367,733
Ridge Trust

4,000,000 0.53% due July 16, 2009 3,999,130 3,999,130
40,000,000 0.90% due July 20, 2009 39,981,299 39,981,299
34,000,000 0.90% due July 22, 2009 33,982,425 33,982,425
34,000,000 0.90% due July 24, 2009 33,980,744 33,980,744
35,000,000 0.80% due July 27, 2009 34,980,076 34,980,076
15,000,000 0.53% due July 30, 2009 14,993,651 14,993,651
5,800,000 0.53% due August 05, 2009 5,797,057 5,797,057
17,000,000 0.56% due September 17, 2009 16,979,668 16,979,668
40,000,000 0.70% due October 05, 2009 39,926,484 39,926,484
20,000,000 0.80% due October 28, 2009 19,948,073 19,948,073
37,000,000 0.85% due November 02, 2009 36,893,608 36,893,608
4,000,000 0.70% due December 08, 2009 3,987,760 3,987,760
4,000,000 0.70% due December 09, 2009 3,987,689 3,987,689
CARE Trust
11,000,000 1.20% due August 04, 2009 10,987,746 10,987,746
12,000,000 0.60% due August 07, 2009 11,992,695 11,992,695
11,100,000 1.20% due September 08, 2009 11,074,971 11,074,971
11,000,000 1.25% due October 13, 2009 10,961,078 10,961,078
10,700,000 1.25% due October 20, 2009 10,659,566 10,659,566
12,000,000 1.00% due October 23, 2009 11,962,677 11,962,677
12,000,000 0.85% due October 26, 2009 11,967,421 11,967,421
12,000,000 0.85% due October 30, 2009 11,966,333 11,966,333
10,000,000 0.80% due November 03, 2009 9,972,746 9,972,746
CDP Financial Inc.
15,075,000 0.29% due July 07, 2009 15,074,272 15,074,272
7,750,000 0.29% due July 09, 2009 7,749,509 7,749,509
28,400,000 0.59% due July 16, 2009 28,393,177 28,393,177
17,300,000 0.36% due July 21, 2009 17,296,615 17,296,615
16,000,000 0.61% due July 22, 2009 15,994,400 15,994,400
10,000,000 0.35% due July 28, 2009 9,997,421 9,997,421

15,000,000 0.33% due August 06, 2009 14,995,134 14,995,134
5,000,000 0.34% due August 10, 2009 4,998,147 4,998,147
20,000,000 0.33% due August 18, 2009 19,991,348 19,991,348
Diversified Trust
20,000,000 0.53% due July 27, 2009 19,992,423 19,992,423
20,000,000 0.53% due July 29, 2009 19,991,929 19,991,929
12,000,000 0.53% due July 30, 2009 11,994,921 11,994,921
27,000,000 0.53% due August 05, 2009 26,986,298 26,986,298
700,000 1.20% due September 01, 2009 698,579 698,579
20,000,000 0.56% due September 16, 2009 19,976,477 19,976,477
20,000,000 0.56% due September 17, 2009 19,976,080 19,976,080
10,000,000 0.70% due December 03, 2009 9,970,348 9,970,348
4,000,000 0.70% due December 10, 2009 3,987,613 3,987,613
GE Capital Canada Funding Company
17,700,000 0.62% due July 22, 2009 17,693,669 17,693,669
4,000,000 0.40% due August 06, 2009 3,998,404 3,998,404
5,000,000 Floating Rate due August 17, 2009 5,000,000 5,000,000
15,500,000 0.67% due August 20, 2009 15,485,764 15,485,764
11,200,000 0.65% due August 28, 2009 11,188,420 11,188,420
HSBC Bank Canada
8,100,000 0.30% due July 07, 2009 8,099,607 8,099,607
41,000,000 0.30% due July 08, 2009 40,997,612 40,997,612
20,000,000 0.30% due July 09, 2009 19,998,696 19,998,696
10,000,000 0.32% due July 10, 2009 9,999,213 9,999,213
8,100,000 0.30% due July 13, 2009 8,099,202 8,099,202
15,000,000 0.29% due July 20, 2009 14,997,702 14,997,702
20,000,000 0.30% due July 21, 2009 19,996,690 19,996,690
10,000,000 0.30% due July 24, 2009 9,998,097 9,998,097
18,000,000 0.30% due July 28, 2009 17,995,978 17,995,978
18,100,000 0.35% due July 31, 2009 18,094,817 18,094,817

27,600,000 0.34% due August 04, 2009 27,591,188 27,591,188
9,900,000 0.31% due August 07, 2009 9,896,935 9,896,935
6,000,000 0.32% due August 25, 2009 5,997,085 5,997,085
5,000,000 0.34% due August 31, 2009 4,997,170 4,997,170
JPMorgan Chase Bank
25,600,000 0.29% due July 03, 2009 25,599,600 25,599,600
15,000,000 0.29% due July 06, 2009 14,999,403 14,999,403
12,100,000 0.29% due July 08, 2009 12,099,328 12,099,328
6,000,000 0.26% due July 16, 2009 5,999,368 5,999,368
10,000,000 0.28% due July 16, 2009 9,998,850 9,998,850
20,000,000 0.29% due July 17, 2009 19,997,500 19,997,500
10,500,000 0.28% due July 24, 2009 10,498,149 10,498,149
15,000,000 0.28% due July 27, 2009 14,996,991 14,996,991
2009 Semi-Annual Financial Report TD Mutual Funds Portfolio Listings
9
TD Canadian Money Market Fund
MO N E Y MA R K E T FUN D S
$ $$
Par Value Description Cost Fair ValuePar Value Description Cost Fair Value
$ $$
Storm King Funding
10,000,000 0.50% due July 06, 2009 9,999,318 9,999,318
7,880,000 1.05% due July 13, 2009 7,877,288 7,877,288
16,000,000 0.55% due July 14, 2009 15,996,841 15,996,841
9,000,000 0.55% due July 21, 2009 8,997,300 8,997,300
5,300,000 0.55% due July 23, 2009 5,298,251 5,298,251
5,000,000 0.70% due July 24, 2009 4,997,800 4,997,800
6,730,000 0.70% due July 28, 2009 6,726,526 6,726,526
14,000,000 0.55% due July 29, 2009 13,994,120 13,994,120
15,000,000 0.55% due August 05, 2009 14,992,125 14,992,125

12,900,000 0.55% due August 07, 2009 12,892,827 12,892,827
5,000,000 0.55% due September 01, 2009 4,995,332 4,995,332
14,000,000 0.55% due September 09, 2009 13,985,300 13,985,300
19,000,000 0.55% due September 11, 2009 18,979,480 18,979,480
18,500,000 0.55% due September 14, 2009 18,479,188 18,479,188
20,300,000 0.55% due September 15, 2009 20,276,794 20,276,794
10,000,000 0.55% due September 16, 2009 9,988,407 9,988,407
13,000,000 0.55% due September 17, 2009 12,984,790 12,984,790
4,000,000 0.55% due September 28, 2009 3,994,640 3,994,640
SUMMIT Trust
5,000,000 0.53% due July 02, 2009 4,999,928 4,999,928
20,000,000 1.50% due July 06, 2009 19,995,910 19,995,910
20,000,000 0.53% due July 27, 2009 19,992,423 19,992,423
26,000,000 0.53% due July 31, 2009 25,988,610 25,988,610
20,000,000 1.55% due August 04, 2009 19,971,314 19,971,314
20,000,000 1.60% due September 02, 2009 19,945,190 19,945,190
16,900,000 0.56% due September 11, 2009 16,881,333 16,881,333
24,400,000 0.56% due September 14, 2009 24,371,940 24,371,940
9,000,000 0.56% due September 16, 2009 8,989,415 8,989,415
8,000,000 1.30% due October 09, 2009 7,971,672 7,971,672
Wells Fargo Financial Corporation Canada
4,000,000 0.28% due July 29, 2009 3,999,150 3,999,150
3,769,129,179 3,769,129,179
TOTAL INVESTMENT
PORTFOLIO – 99.9%
4,468,428,736 4,468,428,736
OTHER NET ASSETS – 0.1%
4,128,537 4,128,537
TOTAL NET ASSETS – 100.0%
$ 4,472,557,273 $ 4,472,557,273

Credit Risk (Note 11)
The table below summarizes the debt instruments by credit ratings.
Percentage Percentage
of Total Debt of Total Net
Credit Rating° Instruments (%) Assets (%)
R-1 High 93.69 93.60
R-1 Mid 5.02 5.02
AAA 0.95 0.95
AA 0.34 0.34
Total 100.00 99.91
° Credit ratings are obtained from Standard & Poor’s, Moody’s
or DBRS ratings.
The accompanying notes are an integral part of these
financial statements.
Royal Bank of Canada
18,000,000 0.27% due July 15, 2009 17,998,152 17,998,152
5,000,000 0.48% due July 20, 2009 4,998,747 4,998,747
7,000,000 3.20% due August 26, 2009 6,966,696 6,966,696
5,000,000 3.10% due September 02, 2009 4,974,049 4,974,049
23,000,000 0.48% due September 10, 2009 22,978,549 22,978,549
SAFE Trust
8,000,000 1.25% due October 22, 2009 7,969,244 7,969,244
7,000,000 1.10% due November 10, 2009 6,972,280 6,972,280
8,000,000 1.10% due November 13, 2009 7,967,600 7,967,600
7,000,000 1.10% due November 17, 2009 6,970,810 6,970,810
4,300,000 1.10% due November 24, 2009 4,281,166 4,281,166
SMART Trust
20,000,000 1.65% due July 10, 2009 19,991,900 19,991,900
10,000,000 1.50% due August 14, 2009 9,982,021 9,982,021
8,000,000 1.40% due September 08, 2009 7,978,937 7,978,937

7,000,000 1.50% due October 06, 2009 6,972,318 6,972,318
17,000,000 1.10% due November 12, 2009 16,931,660 16,931,660
8,000,000 1.10% due November 20, 2009 7,965,982 7,965,982
15,000,000 1.10% due November 23, 2009 14,934,868 14,934,868
3,500,000 0.95% due December 15, 2009 3,484,866 3,484,866
Societe Generale (Canada Branch)
20,000,000 0.29% due July 10, 2009 19,998,594 19,998,594
7,900,000 0.28% due July 13, 2009 7,899,275 7,899,275
12,000,000 0.28% due July 30, 2009 11,997,339 11,997,339
SOUND Trust
5,000,000 0.90% due September 04, 2009 4,992,008 4,992,008
17,000,000 1.50% due October 01, 2009 16,936,230 16,936,230
5,000,000 1.00% due October 02, 2009 4,987,321 4,987,321
7,000,000 1.50% due October 05, 2009 6,972,603 6,972,603
36,000,000 1.50% due October 07, 2009 35,856,181 35,856,181
15,000,000 1.50% due October 08, 2009 14,939,464 14,939,464
18,000,000 1.50% due October 14, 2009 17,922,930 17,922,930
16,000,000 1.50% due October 16, 2009 15,930,203 15,930,203
18,200,000 1.25% due October 21, 2009 18,130,605 18,130,605
10,000,000 1.25% due October 26, 2009 9,960,207 9,960,207
13,000,000 1.25% due October 28, 2009 12,947,334 12,947,334
14,000,000 1.10% due November 10, 2009 13,944,560 13,944,560
14,000,000 1.10% due November 16, 2009 13,942,144 13,942,144
8,000,000 1.10% due November 17, 2009 7,966,640 7,966,640
8,000,000 1.10% due November 20, 2009 7,965,981 7,965,981
STARS Trust
4,000,000 0.53% due July 10, 2009 3,999,479 3,999,479
8,000,000 0.53% due July 17, 2009 7,998,141 7,998,141
34,200,000 0.56% due August 31, 2009 34,168,012 34,168,012
16,000,000 0.56% due September 01, 2009 15,984,789 15,984,789

14,000,000 0.56% due September 02, 2009 13,986,476 13,986,476
12,500,000 0.56% due September 03, 2009 12,487,733 12,487,733
26,000,000 0.65% due September 04, 2009 25,969,971 25,969,971
20,000,000 0.56% due September 08, 2009 19,978,792 19,978,792
9,000,000 0.90% due October 22, 2009 8,975,053 8,975,053
31,000,000 0.85% due October 23, 2009 30,918,011 30,918,011
13,000,000 0.85% due October 27, 2009 12,964,458 12,964,458
10,000,000 0.80% due November 03, 2009 9,972,746 9,972,746
20,000,000 0.70% due November 25, 2009 19,943,873 19,943,873
20,000,000 0.70% due November 27, 2009 19,943,064 19,943,064
18,900,000 0.70% due December 03, 2009 18,844,000 18,844,000
14,000,000 0.70% due December 04, 2009 13,958,230 13,958,230
17,000,000 0.70% due December 07, 2009 16,948,278 16,948,278
TD Mutual Funds 2009 Semi-Annual Financial Report
10
Financial Statements
MO N E Y MA R K E T FUN D S
Statements of Investment Operations
(in 000s except per unit amounts)
for the periods ended June 30, 2009 and 2008 (Unaudited)
2009 2008
Investment Income
Interest $ 42,845 $ 134,189
Securities Lending 144 117
42,989 134,306
Expenses (Note 5)
Management Fee 10,179 10,723
Independent Review Committee Fees 19 17
Bank Charges and Interest 01
10,198 10,741

Less: Waived Expenses (18) (18)
10,180 10,723
Net Investment Income (Loss) 32,809 123,583
Increase (Decrease) in Net Assets
from Investment Operations
†
$ 32,809 $ 123,583
†
Increase (Decrease) in Net Assets from Investment Operations
Investor Series $ 31,448 $ 121,967
F-Series $ 1,361 $ 1,616
$ 32,809 $ 123,583
Increase (Decrease) in Net Assets from Investment Operations – Per Unit
Investor Series $ 0.05 $ 0.18
F-Series $ 0.05 $ 0.19
The accompanying notes are an integral part of these financial statements.
Statements of Net Assets
(in 000s except per unit amounts and number of units)
as at June 30, 2009 and December 31, 2008 (Unaudited)
2009 2008
Assets
Short-Term Investments $ 6,342,116 $ 6,732,952
Cash 101 303
Interest Receivable 3,486 3,986
Subscriptions Receivable 34,249 44,959
6,379,952 6,782,200
Liabilities
Accrued Liabilities 1,633 1,760
Redemptions Payable 25,656 8,959
Distributions Payable 56 335

27,345 11,054
Net Assets (Note 3) $ 6,352,607 $ 6,771,146
Net Assets Representing Unitholders’ Equity (Note 4)
Investor Series $ 6,028,068 $ 6,576,011
F-Series $ 324,539 $ 195,135
$ 6,352,607 $ 6,771,146
Number of Units Outstanding
Investor Series 602,806,794 657,601,118
F-Series 32,453,886 19,513,497
Net Assets Per Unit (Note 3)
Investor Series $ 10.00 $ 10.00
F-Series $ 10.00 $ 10.00
●
TD Premium Money Market Fund
2009 Semi-Annual Financial Report TD Mutual Funds
11
Financial Statements
Statements of Changes in Net Assets
(in 000s except number of units)
for the periods ended June 30, 2009 and 2008 (Unaudited)
Investor Series F-Series TOTAL
2009 2008 2009 2008 2009 2008
Net Assets, Beginning of the Period $ 6,576,011 $ 6,014,347 $ 195,135 $ 51,633 $ 6,771,146 $ 6,065,980
Increase (Decrease) in Net Assets
from Investment Operations 31,448 121,967 1,361 1,616 32,809 123,583
Capital Unit Transactions
†
Proceeds from Sale of Units 2,996,161 5,327,741 386,570 167,592 3,382,731 5,495,333
Reinvestments of Distributions 30,638 118,935 1,287 1,542 31,925 120,477
Amounts Paid on Redemptions (3,574,742) (4,240,179) (258,453) (85,757) (3,833,195) (4,325,936)

(547,943) 1,206,497 129,404 83,377 (418,539) 1,289,874
Distributions to Unitholders (31,448) (121,967) (1,361) (1,616) (32,809) (123,583)
Increase (Decrease) in Net Assets
for the Period (547,943) 1,206,497 129,404 83,377 (418,539) 1,289,874
Net Assets, End of the Period $ 6,028,068 $ 7,220,844 $ 324,539 $ 135,010 $ 6,352,607 $ 7,355,854
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 657,601,118 601,434,706 19,513,497 5,163,274
Units Issued 299,616,131 532,774,132 38,657,022 16,759,235
Units Issued on Reinvestments 3,063,749 11,893,473 128,708 154,214
Units Redeemed (357,474,204) (424,017,865) (25,845,341) (8,575,738)
Units Outstanding, End of the Period 602,806,794 722,084,446 32,453,886 13,500,985
The accompanying notes are an integral part of these financial statements.
MO N E Y MA R K E T FUN D S
●
TD Premium Money Market Fund
TD Mutual Funds 2009 Semi-Annual Financial ReportPortfolio Listings
12
MO N E Y MA R K E T FUN D S
Par Value Description Cost Fair Value
$$$
Short-Term Investments – 99.8%
FEDERAL & GUARANTEES – 10.6%
Canada Housing Trust No. 1
$ 18,000,000 0.41% due March 15, 2010 $ 18,002,614 $ 18,002,614
45,000,000 3.75% due March 15, 2010 45,977,214 45,977,214
Government of Canada Treasury Bill
42,000,000 2.91% due July 09, 2009 41,973,931 41,973,931
50,000,000 0.84% due July 23, 2009 49,974,857 49,974,857
98,000,000 2.69% due August 06, 2009 97,746,685 97,746,685

51,000,000 2.71% due September 03, 2009 50,763,789 50,763,789
15,000,000 0.57% due September 17, 2009 14,981,807 14,981,807
35,200,000 0.42% due December 24, 2009 35,128,945 35,128,945
111,000,000 0.72% due January 21, 2010 110,556,291 110,556,291
78,000,000 0.54% due February 18, 2010 77,733,509 77,733,509
48,000,000 0.46% due March 18, 2010 47,841,717 47,841,717
18,000,000 0.67% due April 15, 2010 17,906,147 17,906,147
40,000,000 0.42% due May 13, 2010 39,855,189 39,855,189
24,000,000 0.60% due June 10, 2010 23,865,046 23,865,046
672,307,741 672,307,741
PROVINCIAL & GUARANTEE S – 5.5%
Hydro-Quebec
20,000,000 6.00% due July 15, 2009 20,038,196 20,038,196
Province of British Columbia
27,000,000 6.25% due December 01, 2009 27,609,428 27,609,428
5,000,000 0.73% due March 24, 2010 4,973,591 4,973,591
11,000,000 0.63% due June 08, 2010 10,935,463 10,935,463
Province of Manitoba
25,000,000 Floating Rate due May 15, 2010 24,972,774 24,972,774
Province of Ontario
215,000,000 Floating Rate due November 07, 2009 215,026,255 215,026,255
15,000,000 6.20% due November 19, 2009 15,301,136 15,301,136
14,000,000 0.67% due December 02, 2009 13,960,520 13,960,520
Province of Ontario Treasury Bill
12,000,000 0.78% due August 19, 2009 11,987,493 11,987,493
Province of Quebec Treasury Bill
5,000,000 0.88% due January 29, 2010 4,974,663 4,974,663
349,779,519 349,779,519
CORPORATE – 83.7%
Bank of America N.A.

18,700,000 0.30% due July 08, 2009 18,698,909 18,698,909
24,000,000 0.30% due July 14, 2009 23,997,431 23,997,431
33,400,000 0.30% due July 15, 2009 33,396,103 33,396,103
8,700,000 0.30% due July 20, 2009 8,698,639 8,698,639
20,000,000 0.30% due July 23, 2009 19,996,376 19,996,376
33,600,000 0.30% due July 29, 2009 33,592,372 33,592,372
10,000,000 0.30% due July 30, 2009 9,997,597 9,997,597
Bank of Montreal
36,940,000 Floating Rate due July 31, 2009 36,941,618 36,941,618
The Bank of Nova Scotia
50,000,000 0.57% due July 14, 2009 49,989,857 49,989,857
25,000,000 0.57% due July 17, 2009 24,993,745 24,993,745
15,000,000 0.30% due August 10, 2009 14,995,085 14,995,085
30,000,000 3.10% due August 13, 2009 29,893,717 29,893,717
45,000,000 0.34% due September 10, 2009 44,970,134 44,970,134
15,000,000 3.30% due September 11, 2009 14,905,470 14,905,470
2,000,000 0.65% due September 14, 2009 1,997,338 1,997,338
38,000,000 3.45% due November 05, 2009 38,260,009 38,260,009
●
TD Premium Money Market Fund
Statement of Investment Portfolio
as at June 30, 2009 (Unaudited)
Par Value Description Cost Fair Value
35,000,000 3.15% due November 18, 2009 34,589,962 34,589,962
75,000,000 3.93% due February 18, 2010 76,342,502 76,342,502
20,000,000 0.85% due March 09, 2010 19,884,111 19,884,111
14,000,000 0.85% due March 11, 2010 13,918,164 13,918,164
8,000,000 0.80% due March 15, 2010 7,955,322 7,955,322
47,000,000 Floating Rate due May 13, 2010 47,000,000 47,000,000
50,000,000 Floating Rate due June 17, 2010 50,000,000 50,000,000

Bay Street Funding Trust
30,000,000 0.53% due August 17, 2009 29,979,538 29,979,538
14,000,000 0.58% due August 21, 2009 13,988,641 13,988,641
11,800,000 0.53% due August 25, 2009 11,790,593 11,790,593
15,000,000 0.53% due August 27, 2009 14,987,598 14,987,598
7,000,000 0.55% due September 11, 2009 6,992,440 6,992,440
16,500,000 0.55% due September 14, 2009 16,481,438 16,481,438
36,000,000 0.55% due September 16, 2009 35,958,420 35,958,420
39,000,000 0.55% due September 18, 2009 38,953,747 38,953,747
Borealis Finance Trust
6,600,000 0.33% due July 02, 2009 6,599,940 6,599,940
4,000,000 0.31% due July 15, 2009 3,999,531 3,999,531
12,000,000 0.30% due July 16, 2009 11,998,518 11,998,518
17,000,000 0.32% due July 28, 2009 16,995,967 16,995,967
2,700,000 0.33% due August 06, 2009 2,699,121 2,699,121
10,300,000 0.33% due August 20, 2009 10,295,378 10,295,378
Caisse centrale Desjardins
16,100,000 0.27% due July 30, 2009 16,096,532 16,096,532
30,300,000 0.28% due August 10, 2009 30,290,717 30,290,717
Canadian Imperial Bank of Commerce
6,800,000 0.26% due July 03, 2009 6,799,902 6,799,902
13,000,000 0.26% due July 06, 2009 12,999,540 12,999,540
48,000,000 0.27% due July 08, 2009 47,997,553 47,997,553
27,900,000 0.27% due July 09, 2009 27,898,359 27,898,359
18,000,000 0.53% due July 13, 2009 17,996,867 17,996,867
21,000,000 0.52% due July 15, 2009 20,995,797 20,995,797
5,700,000 0.52% due July 20, 2009 5,698,465 5,698,465
25,600,000 0.27% due July 21, 2009 25,596,160 25,596,160
20,000,000 0.27% due July 22, 2009 19,996,889 19,996,889
28,300,000 0.28% due July 27, 2009 28,294,303 28,294,303

44,600,000 0.29% due July 31, 2009 44,589,383 44,589,383
2,900,000 0.28% due August 28, 2009 2,898,706 2,898,706
17,000,000 Floating Rate due October 23, 2009 17,001,052 17,001,052
27,440,000 Floating Rate due February 08, 2010 27,440,000 27,440,000
27,440,000 Floating Rate due March 18, 2010 27,440,000 27,440,000
Canadian Master Trust
25,000,000 0.53% due July 30, 2009 24,989,419 24,989,419
22,000,000 0.60% due August 07, 2009 21,986,608 21,986,608
10,000,000 0.56% due August 31, 2009 9,990,675 9,990,675
15,000,000 1.15% due September 15, 2009 14,964,215 14,964,215
6,000,000 1.35% due September 30, 2009 5,979,930 5,979,930
13,000,000 1.25% due October 19, 2009 12,951,303 12,951,303
39,000,000 0.85% due October 29, 2009 38,891,393 38,891,393
25,000,000 0.85% due October 30, 2009 24,929,860 24,929,860
18,000,000 0.70% due December 04, 2009 17,946,309 17,946,309
CARE Trust
15,000,000 1.20% due August 04, 2009 14,983,290 14,983,290
15,000,000 0.60% due August 07, 2009 14,990,869 14,990,869
15,000,000 1.20% due September 08, 2009 14,966,176 14,966,176
15,000,000 1.25% due October 13, 2009 14,946,925 14,946,925
16,700,000 1.25% due October 20, 2009 16,636,893 16,636,893
15,000,000 1.00% due October 23, 2009 14,953,347 14,953,347
18,000,000 0.85% due October 26, 2009 17,951,131 17,951,131
15,000,000 0.85% due October 30, 2009 14,957,916 14,957,916
11,000,000 0.80% due November 03, 2009 10,970,020 10,970,020
2009 Semi-Annual Financial Report TD Mutual Funds Portfolio Listings
13
TD Premium Money Market Fund
MO N E Y MA R K E T FUN D S
$ $$

Par Value Description Cost Fair ValuePar Value Description Cost Fair Value
$ $$
OMERS Realty Corporation
15,000,000 0.56% due July 07, 2009 14,998,625 14,998,625
5,000,000 0.30% due July 09, 2009 4,999,671 4,999,671
10,000,000 0.56% due July 13, 2009 9,998,160 9,998,160
25,000,000 0.33% due July 17, 2009 24,996,363 24,996,363
30,000,000 0.32% due August 18, 2009 29,987,360 29,987,360
7,000,000 0.30% due September 01, 2009 6,996,444 6,996,444
7,800,000 0.30% due September 02, 2009 7,795,964 7,795,964
Plaza Trust
10,000,000 0.55% due July 02, 2009 9,999,848 9,999,848
15,100,000 0.55% due July 15, 2009 15,096,829 15,096,829
11,000,000 0.55% due July 16, 2009 10,997,513 10,997,513
14,000,000 0.55% due July 17, 2009 13,996,640 13,996,640
22,000,000 0.55% due July 23, 2009 21,992,740 21,992,740
45,000,000 0.55% due July 24, 2009 44,984,475 44,984,475
21,260,000 0.55% due July 28, 2009 21,251,308 21,251,308
20,000,000 0.55% due July 29, 2009 19,991,600 19,991,600
24,000,000 0.65% due July 30, 2009 23,987,600 23,987,600
20,415,000 0.63% due August 04, 2009 20,402,984 20,402,984
63,295,000 0.57% due August 05, 2009 63,260,175 63,260,175
15,000,000 0.55% due August 07, 2009 14,991,675 14,991,675
20,000,000 0.55% due September 04, 2009 19,980,500 19,980,500
11,000,000 0.55% due September 08, 2009 10,988,573 10,988,573
65,000,000 0.55% due September 09, 2009 64,931,750 64,931,750
10,000,000 0.55% due September 15, 2009 9,988,557 9,988,557
PURE Trust
10,950,000 0.60% due July 02, 2009 10,949,819 10,949,819
10,850,000 0.55% due July 03, 2009 10,849,675 10,849,675

13,000,000 0.55% due July 10, 2009 12,998,245 12,998,245
10,400,000 0.55% due July 14, 2009 10,397,972 10,397,972
5,000,000 0.55% due July 15, 2009 4,998,950 4,998,950
16,670,000 0.55% due July 16, 2009 16,666,249 16,666,249
8,650,000 0.70% due July 21, 2009 8,646,694 8,646,694
28,000,000 0.56% due July 22, 2009 27,991,052 27,991,052
13,805,000 0.55% due July 23, 2009 13,800,408 13,800,408
20,800,000 0.55% due July 24, 2009 20,792,824 20,792,824
39,700,000 0.55% due July 28, 2009 39,683,887 39,683,887
41,095,000 0.55% due July 29, 2009 41,077,740 41,077,740
11,000,000 0.65% due August 04, 2009 10,993,347 10,993,347
5,000,000 0.55% due September 08, 2009 4,994,825 4,994,825
33,000,000 0.53% due September 15, 2009 32,963,614 32,963,614
15,000,000 0.55% due September 18, 2009 14,982,225 14,982,225
15,000,000 0.50% due September 22, 2009 14,982,963 14,982,963
3,100,000 0.55% due September 28, 2009 3,095,846 3,095,846
19,000,000 0.70% due November 04, 2009 18,954,248 18,954,248
Ridge Trust
5,000,000 0.53% due July 16, 2009 4,998,913 4,998,913
60,000,000 0.90% due July 20, 2009 59,971,948 59,971,948
48,000,000 0.90% due July 22, 2009 47,975,188 47,975,188
48,000,000 0.90% due July 24, 2009 47,972,815 47,972,815
42,000,000 0.80% due July 27, 2009 41,976,091 41,976,091
20,000,000 0.53% due July 30, 2009 19,991,535 19,991,535
10,000,000 0.53% due August 05, 2009 9,994,925 9,994,925
24,000,000 0.56% due September 17, 2009 23,971,296 23,971,296
33,000,000 0.70% due October 05, 2009 32,939,349 32,939,349
30,000,000 0.80% due October 28, 2009 29,922,109 29,922,109
47,000,000 0.85% due November 02, 2009 46,864,853 46,864,853
7,000,000 0.70% due December 08, 2009 6,978,579 6,978,579

6,000,000 0.70% due December 09, 2009 5,981,534 5,981,534
CDP Financial Inc.
29,000,000 0.31% due July 07, 2009 28,998,534 28,998,534
2,800,000 0.29% due July 09, 2009 2,799,823 2,799,823
41,100,000 0.49% due July 16, 2009 41,091,710 41,091,710
35,700,000 0.36% due July 21, 2009 35,693,038 35,693,038
24,000,000 0.61% due July 22, 2009 23,991,600 23,991,600
15,100,000 0.35% due July 28, 2009 15,096,106 15,096,106
18,400,000 0.33% due August 05, 2009 18,394,190 18,394,190
27,800,000 0.33% due August 06, 2009 27,790,985 27,790,985
6,200,000 0.34% due August 10, 2009 6,197,703 6,197,703
25,000,000 0.33% due August 18, 2009 24,989,185 24,989,185
Diversified Trust
20,000,000 0.54% due July 24, 2009 19,993,253 19,993,253
30,000,000 0.53% due July 27, 2009 29,988,634 29,988,634
21,000,000 0.53% due July 29, 2009 20,991,526 20,991,526
18,000,000 0.53% due July 30, 2009 17,992,382 17,992,382
20,000,000 0.53% due August 05, 2009 19,989,850 19,989,850
27,000,000 0.56% due September 14, 2009 26,968,950 26,968,950
30,000,000 0.56% due September 16, 2009 29,964,715 29,964,715
30,000,000 0.56% due September 17, 2009 29,964,120 29,964,120
10,000,000 0.70% due December 03, 2009 9,970,348 9,970,348
6,000,000 0.70% due December 10, 2009 5,981,419 5,981,419
GE Capital Canada Funding Company
30,000,000 0.62% due July 21, 2009 29,989,810 29,989,810
2,300,000 0.62% due July 22, 2009 2,299,177 2,299,177
7,500,000 0.40% due August 06, 2009 7,497,008 7,497,008
25,000,000 Floating Rate due August 17, 2009 25,000,000 25,000,000
7,800,000 0.67% due August 20, 2009 7,792,836 7,792,836
1,100,000 0.65% due August 27, 2009 1,098,884 1,098,884

20,200,000 0.65% due August 28, 2009 20,179,115 20,179,115
15,200,000 0.58% due September 03, 2009 15,184,562 15,184,562
HSBC Bank Canada
36,000,000 0.30% due July 08, 2009 35,997,900 35,997,900
30,000,000 0.30% due July 09, 2009 29,998,044 29,998,044
13,000,000 0.32% due July 10, 2009 12,998,976 12,998,976
10,100,000 0.30% due July 13, 2009 10,099,004 10,099,004
20,000,000 0.29% due July 20, 2009 19,996,935 19,996,935
25,000,000 0.30% due July 21, 2009 24,995,862 24,995,862
9,200,000 0.35% due July 22, 2009 9,198,160 9,198,160
15,000,000 0.30% due July 24, 2009 14,997,145 14,997,145
23,000,000 0.30% due July 28, 2009 22,994,861 22,994,861
8,000,000 0.35% due July 31, 2009 7,997,709 7,997,709
50,000,000 0.34% due August 04, 2009 49,983,987 49,983,987
17,500,000 0.30% due August 07, 2009 17,494,641 17,494,641
10,000,000 0.32% due August 25, 2009 9,995,142 9,995,142
20,000,000 0.34% due August 31, 2009 19,988,682 19,988,682
JPMorgan Chase Bank
15,900,000 0.29% due July 03, 2009 15,899,752 15,899,752
25,000,000 0.29% due July 06, 2009 24,999,004 24,999,004
10,000,000 0.26% due July 16, 2009 9,998,946 9,998,946
30,000,000 0.29% due July 17, 2009 29,996,250 29,996,250
10,400,000 0.28% due July 24, 2009 10,398,166 10,398,166
30,000,000 0.28% due July 27, 2009 29,993,983 29,993,983
National Bank of Canada
22,500,000 0.27% due July 02, 2009 22,499,831 22,499,831
9,000,000 0.26% due July 07, 2009 8,999,620 8,999,620
34,000,000 0.52% due July 13, 2009 33,994,178 33,994,178
11,200,000 0.33% due July 22, 2009 11,197,883 11,197,883
5,100,000 0.26% due July 24, 2009 5,099,155 5,099,155

7,000,000 0.27% due July 30, 2009 6,998,508 6,998,508
20,000,000 0.27% due July 31, 2009 19,995,571 19,995,571
TD Mutual Funds 2009 Semi-Annual Financial ReportPortfolio Listings
14
TD Premium Money Market Fund
MO N E Y MA R K E T FUN D S
Par Value Description Cost Fair ValuePar Value Description Cost Fair Value
$ $$$ $$
Storm King Funding
5,000,000 0.50% due July 06, 2009 4,999,659 4,999,659
16,000,000 0.55% due July 14, 2009 15,996,841 15,996,841
5,000,000 1.00% due July 20, 2009 4,997,401 4,997,401
15,000,000 0.55% due July 21, 2009 14,995,500 14,995,500
10,000,000 0.55% due July 23, 2009 9,996,700 9,996,700
5,000,000 0.70% due July 24, 2009 4,997,800 4,997,800
18,000,000 0.70% due July 28, 2009 17,990,707 17,990,707
25,000,000 0.55% due July 29, 2009 24,989,500 24,989,500
22,000,000 0.55% due August 05, 2009 21,988,450 21,988,450
35,000,000 0.55% due August 07, 2009 34,980,542 34,980,542
15,500,000 0.55% due September 01, 2009 15,485,528 15,485,528
20,000,000 0.55% due September 09, 2009 19,979,000 19,979,000
25,000,000 0.55% due September 11, 2009 24,973,000 24,973,000
19,000,000 0.55% due September 14, 2009 18,978,625 18,978,625
20,000,000 0.55% due September 15, 2009 19,977,136 19,977,136
13,500,000 0.55% due September 16, 2009 13,484,349 13,484,349
22,000,000 0.55% due September 17, 2009 21,974,260 21,974,260
5,000,000 0.55% due September 28, 2009 4,993,301 4,993,301
SUMMIT Trust
5,000,000 0.53% due July 02, 2009 4,999,928 4,999,928
9,000,000 1.50% due July 06, 2009 8,998,159 8,998,159

36,000,000 0.53% due July 27, 2009 35,986,361 35,986,361
35,000,000 0.53% due July 31, 2009 34,984,676 34,984,676
25,000,000 0.94% due August 04, 2009 24,978,203 24,978,203
1,000,000 1.20% due September 01, 2009 997,970 997,970
10,000,000 1.60% due September 02, 2009 9,972,595 9,972,595
22,000,000 0.56% due September 11, 2009 21,975,700 21,975,700
23,000,000 0.56% due September 14, 2009 22,973,550 22,973,550
17,000,000 0.56% due September 16, 2009 16,980,003 16,980,003
26,000,000 1.40% due September 24, 2009 25,915,850 25,915,850
12,000,000 1.30% due October 09, 2009 11,957,508 11,957,508
Wells Fargo Financial Corporation Canada
6,000,000 0.28% due July 29, 2009 5,998,726 5,998,726
5,320,028,391 5,320,028,391
TOTAL INVESTMENT
PORTFOLIO – 99.8%
6,342,115,651 6,342,115,651
OTHER NET ASSETS – 0.2%
10,491,154 10,491,154
TOTAL NET ASSETS – 100.0%
$ 6,352,606,805 $ 6,352,606,805
Credit Risk (Note 11)
The table below summarizes the debt instruments by credit ratings.
Percentage Percentage
of Total Debt of Total Net
Credit Rating° Instruments (%) Assets (%)
R-1 High 92.54 92.38
R-1 Mid 5.84 5.83
AAA 1.01 1.01
AA 0.61 0.61
Total 100.00 99.83

° Credit ratings are obtained from Standard & Poor’s, Moody’s
or DBRS ratings.
The accompanying notes are an integral part of these
financial statements.
Royal Bank of Canada
22,000,000 0.27% due July 15, 2009 21,997,741 21,997,741
5,000,000 0.48% due July 20, 2009 4,998,747 4,998,747
7,000,000 3.20% due August 26, 2009 6,966,696 6,966,696
5,500,000 3.10% due September 02, 2009 5,471,454 5,471,454
45,000,000 0.48% due September 10, 2009 44,958,358 44,958,358
SAFE Trust
10,000,000 1.25% due October 22, 2009 9,961,555 9,961,555
6,000,000 1.10% due November 09, 2009 5,976,420 5,976,420
16,000,000 1.10% due November 10, 2009 15,936,640 15,936,640
12,000,000 1.10% due November 13, 2009 11,951,400 11,951,400
13,000,000 1.10% due November 17, 2009 12,945,790 12,945,790
6,000,000 1.10% due November 24, 2009 5,973,720 5,973,720
SMART Trust
30,000,000 1.65% due July 10, 2009 29,987,850 29,987,850
15,000,000 1.50% due August 14, 2009 14,973,032 14,973,032
12,000,000 1.40% due September 08, 2009 11,968,405 11,968,405
5,000,000 1.50% due October 06, 2009 4,980,227 4,980,227
23,000,000 1.10% due November 12, 2009 22,907,540 22,907,540
10,000,000 1.10% due November 20, 2009 9,957,477 9,957,477
21,000,000 1.10% due November 23, 2009 20,908,815 20,908,815
4,700,000 0.95% due December 15, 2009 4,679,677 4,679,677
Societe Generale (Canada Branch)
30,000,000 0.29% due July 10, 2009 29,997,891 29,997,891
15,100,000 0.28% due July 13, 2009 15,098,614 15,098,614
18,000,000 0.28% due July 30, 2009 17,996,008 17,996,008

SOUND Trust
5,000,000 0.90% due September 04, 2009 4,992,008 4,992,008
20,000,000 1.50% due October 01, 2009 19,924,977 19,924,977
10,000,000 1.00% due October 02, 2009 9,974,607 9,974,607
10,000,000 1.50% due October 05, 2009 9,960,862 9,960,862
26,000,000 1.50% due October 07, 2009 25,896,131 25,896,131
25,000,000 1.50% due October 08, 2009 24,899,107 24,899,107
22,000,000 1.50% due October 14, 2009 21,905,803 21,905,803
24,000,000 1.50% due October 16, 2009 23,895,305 23,895,305
20,000,000 1.25% due October 21, 2009 19,923,742 19,923,742
20,000,000 1.25% due October 26, 2009 19,920,414 19,920,414
22,000,000 1.25% due October 28, 2009 21,910,874 21,910,874
27,000,000 1.10% due November 09, 2009 26,893,890 26,893,890
20,000,000 1.10% due November 10, 2009 19,920,800 19,920,800
20,000,000 1.10% due November 16, 2009 19,917,349 19,917,349
12,000,000 1.10% due November 17, 2009 11,949,960 11,949,960
12,000,000 1.10% due November 20, 2009 11,948,972 11,948,972
STARS Trust
6,000,000 0.53% due July 10, 2009 5,999,218 5,999,218
12,000,000 0.53% due July 17, 2009 11,997,211 11,997,211
16,600,000 0.56% due August 31, 2009 16,584,473 16,584,473
22,000,000 0.56% due September 01, 2009 21,979,085 21,979,085
16,000,000 0.56% due September 02, 2009 15,984,544 15,984,544
20,000,000 0.56% due September 03, 2009 19,980,373 19,980,373
35,000,000 0.65% due September 04, 2009 34,959,576 34,959,576
30,000,000 0.56% due September 08, 2009 29,968,187 29,968,187
13,000,000 0.90% due October 22, 2009 12,963,965 12,963,965
35,000,000 0.85% due October 23, 2009 34,907,432 34,907,432
25,000,000 0.85% due October 27, 2009 24,931,650 24,931,650
5,800,000 0.80% due November 03, 2009 5,784,193 5,784,193

25,000,000 0.70% due November 25, 2009 24,929,841 24,929,841
30,000,000 0.70% due November 27, 2009 29,914,596 29,914,596
30,000,000 0.70% due December 03, 2009 29,911,111 29,911,111
16,000,000 0.70% due December 04, 2009 15,952,262 15,952,262
23,000,000 0.70% due December 07, 2009 22,930,023 22,930,023
2009 Semi-Annual Financial Report TD Mutual Funds
15
MO N E Y MA R K E T FUN D S
Statements of Investment Operations
(in 000s except per unit amounts)
for the periods ended June 30, 2009 and 2008 (Unaudited)
2009 2008
Investment Income
Interest $ 4,019 $ 21,734
Expenses (Note 5)
Management Fee 3,019 4,590
Independent Review Committee Fees 23
3,021 4,593
Less: Waived Expenses (1,118) (0)
1,903 4,593
Net Investment Income (Loss) 2,116 17,141
Increase (Decrease) in Net Assets
from Investment Operations
†
$ 2,116 $ 17,141
†
Increase (Decrease) in Net Assets from Investment Operations
Investor Series $ 1,011 $ 7,571
Premium Series $ 1,105 $ 9,570
O-Series $0$0

$ 2,116 $ 17,141
Increase (Decrease) in Net Assets from Investment Operations – Per Unit
Investor Series $ 0.02 $ 0.12
Premium Series $ 0.03 $ 0.15
O-Series $ 0.05 $ 0.15
The accompanying notes are an integral part of these financial statements.
Statements of Net Assets
(in 000s except per unit amounts and number of units)
as at June 30, 2009 and December 31, 2008 (Unaudited)
2009 2008
Assets
Short-Term Investments $ 838,911 $ 901,129
Cash 112 192
Interest Receivable 55 224
Subscriptions Receivable 8,157 5,604
847,235 907,149
Liabilities
Accrued Liabilities 280 549
Redemptions Payable 5,916 3,208
Distributions Payable 12 41
6,208 3,798
Net Assets (Note 3) $ 841,027 $ 903,351
Net Assets Representing Unitholders’ Equity (Note 4)
Investor Series $ 476,758 $ 480,342
Premium Series $ 364,259 $ 423,009
O-Series $ 10 $0
$ 841,027 $ 903,351
Number of Units Outstanding
Investor Series 47,675,801 48,034,202
Premium Series 36,425,926 42,300,856

O-Series 1,015 10
Net Assets Per Unit (Note 3)
Investor Series $ 10.00 $ 10.00
Premium Series $ 10.00 $ 10.00
O-Series $ 10.00 $ 10.00
Financial Statements
●
TD U.S. Money Market Fund
(expressed in United States dollars)
TD Mutual Funds 2009 Semi-Annual Financial Report
16
Financial Statements
●
TD U.S. Money Market Fund
(expressed in United States dollars)
MO N E Y MA R K E T FUN D S
Statements of Changes in Net Assets
(in 000s except number of units)
for the periods ended June 30, 2009 and 2008 (Unaudited)
Investor Series Premium Series
2009 2008 2009 2008
Net Assets, Beginning of the Period $ 480,342 $ 613,791 $ 423,009 $ 544,833
Increase (Decrease) in Net Assets
from Investment Operations 1,011 7,571 1,105 9,570
Capital Unit Transactions
†
Proceeds from Sale of Units 426,327 728,959 238,223 715,530
Reinvestments of Distributions 998 7,458 1,061 9,156
Amounts Paid on Redemptions (430,909) (677,555) (298,034) (603,262)
(3,584) 58,862 (58,750) 121,424

Distributions to Unitholders (1,011) (7,571) (1,105) (9,570)
Increase (Decrease) in Net Assets
for the Period (3,584) 58,862 (58,750) 121,424
Net Assets, End of the Period $ 476,758 $ 672,653 $ 364,259 $ 666,257
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 48,034,202 61,379,056 42,300,856 54,483,321
Units Issued 42,632,731 72,895,964 23,822,289 71,553,021
Units Issued on Reinvestments 99,782 745,833 106,115 915,555
Units Redeemed (43,090,914) (67,755,537) (29,803,334) (60,326,203)
Units Outstanding, End of the Period 47,675,801 67,265,316 36,425,926 66,625,694
O-Series TOTAL
2009 2008 2009 2008
Net Assets, Beginning of the Period $0$0$903,351 $ 1,158,624
Increase (Decrease) in Net Assets
from Investment Operations 00 2,116 17,141
Capital Unit Transactions
†
Proceeds from Sale of Units 10 0 664,560 1,444,489
Reinvestments of Distributions 00 2,059 16,614
Amounts Paid on Redemptions 00(728,943) (1,280,817)
10 0 (62,324) 180,286
Distributions to Unitholders 00 (2,116) (17,141)
Increase (Decrease) in Net Assets
for the Period 10 0 (62,324) 180,286
Net Assets, End of the Period $ 10 $0$841,027 $ 1,338,910
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 10 0
Units Issued 1,000 10

Units Issued on Reinvestments 50
Units Redeemed 00
Units Outstanding, End of the Period 1,015 10
The accompanying notes are an integral part of these financial statements.
2009 Semi-Annual Financial Report TD Mutual Funds Portfolio Listings
17
MO N E Y MA R K E T FUN D S
$ $$
Par Value Description Cost Fair Value
Canadian Imperial Bank of Commerce
7,000,000 0.21% due July 09, 2009 6,999,680 6,999,680
9,000,000 0.62% due July 16, 2009 8,997,715 8,997,715
8,100,000 0.63% due July 23, 2009 8,096,931 8,096,931
2,100,000 0.52% due July 30, 2009 2,099,138 2,099,138
3,000,000 0.45% due August 06, 2009 2,998,679 2,998,679
Canadian Master Trust
5,000,000 1.42% due July 06, 2009 4,999,032 4,999,032
3,500,000 1.29% due July 08, 2009 3,499,134 3,499,134
5,000,000 1.30% due July 15, 2009 4,997,522 4,997,522
12,000,000 1.23% due July 20, 2009 11,992,358 11,992,358
7,100,000 1.21% due July 22, 2009 7,095,052 7,095,052
6,490,000 0.81% due July 31, 2009 6,485,677 6,485,677
CARE Trust
6,100,000 0.66% due July 02, 2009 6,099,889 6,099,889
3,200,000 1.34% due July 07, 2009 3,199,299 3,199,299
5,300,000 1.37% due July 08, 2009 5,298,613 5,298,613
5,000,000 1.30% due July 15, 2009 4,997,522 4,997,522
5,000,000 1.22% due July 21, 2009 4,996,678 4,996,678
2,500,000 0.91% due July 23, 2009 2,498,625 2,498,625
11,700,000 0.81% due July 31, 2009 11,692,228 11,692,228

21,200,000 1.75% due September 01, 2009 21,137,488 21,137,488
Diversified Trust
5,300,000 0.70% due August 04, 2009 5,296,531 5,296,531
5,200,000 0.76% due August 18, 2009 5,194,814 5,194,814
3,800,000 0.76% due September 24, 2009 3,793,294 3,793,294
6,500,000 0.74% due September 28, 2009 6,488,308 6,488,308
2,100,000 0.91% due December 08, 2009 2,091,637 2,091,637
11,800,000 0.91% due December 14, 2009 11,751,248 11,751,248
7,300,000 0.91% due December 18, 2009 7,269,079 7,269,079
8,050,000 0.85% due December 22, 2009 8,017,447 8,017,447
HSBC Bank Canada
10,000,000 1.07% due July 08, 2009 9,997,962 9,997,962
9,000,000 1.07% due July 13, 2009 8,996,856 8,996,856
2,500,000 1.01% due July 15, 2009 2,499,032 2,499,032
8,000,000 0.35% due July 22, 2009 7,998,375 7,998,375
4,500,000 0.96% due July 28, 2009 4,496,804 4,496,804
4,400,000 0.90% due July 29, 2009 4,396,976 4,396,976
1,700,000 0.51% due August 19, 2009 1,698,843 1,698,843
1,000,000 0.51% due September 08, 2009 999,041 999,041
Plaza Trust
1,000,000 0.51% due July 10, 2009 999,873 999,873
4,000,000 0.51% due July 21, 2009 3,998,880 3,998,880
PURE Trust
11,950,000 0.45% due July 06, 2009 11,949,260 11,949,260
2,000,000 0.50% due July 07, 2009 1,999,836 1,999,836
1,000,000 0.51% due July 13, 2009 999,832 999,832
5,300,000 0.51% due July 14, 2009 5,299,035 5,299,035
8,000,000 0.45% due July 15, 2009 7,998,608 7,998,608
10,600,000 0.46% due July 22, 2009 10,597,202 10,597,202
2,200,000 0.51% due July 24, 2009 2,199,292 2,199,292

8,000,000 0.51% due August 04, 2009 7,996,234 7,996,234
10,200,000 0.51% due August 07, 2009 10,194,768 10,194,768
2,546,000 0.71% due September 25, 2009 2,541,745 2,541,745
Ridge Trust
5,000,000 1.12% due July 07, 2009 4,999,084 4,999,084
10,000,000 1.12% due July 10, 2009 9,997,254 9,997,254
10,000,000 1.22% due July 20, 2009 9,993,681 9,993,681
4,000,000 1.22% due July 21, 2009 3,997,342 3,997,342
10,000,000 1.22% due July 24, 2009 9,992,358 9,992,358
10,000,000 1.11% due July 27, 2009 9,992,091 9,992,091
4,000,000 0.99% due July 30, 2009 3,996,851 3,996,851
7,000,000 0.81% due August 05, 2009 6,994,577 6,994,577
Short-Term Investments – 99.7%
FEDERAL & GUARANTEES – 16.1%
Export Development Canada
$ 14,000,000 0.69% due September 08, 2009 $ 13,981,753 $ 13,981,753
26,000,000 0.76% due September 09, 2009 25,962,085 25,962,085
10,000,000 0.66% due September 17, 2009 9,985,960 9,985,960
Government of Canada
5,000,000 0.18% due July 14, 2009 4,999,675 4,999,675
20,000,000 0.61% due August 10, 2009 19,986,667 19,986,667
16,000,000 0.71% due September 09, 2009 15,978,222 15,978,222
25,000,000 0.82% due October 26, 2009 24,935,000 24,935,000
10,000,000 0.92% due December 04, 2009 9,961,000 9,961,000
10,000,000 0.76% due December 07, 2009 9,966,875 9,966,875
135,757,237 135,757,237
PROVINCIAL – 5.4%
Province of British Columbia
7,400,000 0.46% due July 09, 2009 7,399,260 7,399,260
8,000,000 0.51% due July 23, 2009 7,997,559 7,997,559

Province of Ontario
3,847,000 3.625% due October 21, 2009 3,878,169 3,878,169
Province of Ontario Treasury Bill
25,000,000 0.26% due September 17, 2009 24,985,917 24,985,917
Province of Quebec
1,000,000 0.26% due August 05, 2009 999,747 999,747
45,260,652 45,260,652
CORPORATE – 78.2%
Bank of America N.A.
1,700,000 0.26% due July 06, 2009 1,699,940 1,699,940
Bank of Montreal
6,500,000 0.36% due July 02, 2009 6,499,937 6,499,937
1,500,000 0.20% due July 13, 2009 1,499,901 1,499,901
3,100,000 0.24% due August 12, 2009 3,099,142 3,099,142
8,000,000 Floating Rate due September 28, 2009 8,000,130 8,000,130
The Bank of Nova Scotia
10,000,000 Floating Rate due April 20, 2010 10,000,000 10,000,000
13,000,000 0.93% due June 17, 2010 13,000,000 13,000,000
Bay Street Funding Trust
1,000,000 0.41% due July 28, 2009 999,696 999,696
10,000,000 0.76% due September 24, 2009 9,982,353 9,982,353
6,700,000 0.71% due September 25, 2009 6,688,793 6,688,793
BNP Paribas (Canada)
16,800,000 0.26% due July 08, 2009 16,799,177 16,799,177
2,800,000 0.30% due July 15, 2009 2,799,673 2,799,673
3,600,000 0.28% due July 17, 2009 3,599,554 3,599,554
Caisse centrale Desjardins
10,000,000 0.77% due July 14, 2009 9,997,256 9,997,256
15,300,000 0.75% due July 16, 2009 15,295,284 15,295,284
12,000,000 0.77% due July 17, 2009 11,995,954 11,995,954

2,300,000 0.93% due July 29, 2009 2,298,358 2,298,358
2,700,000 0.51% due September 14, 2009 2,697,196 2,697,196
●
TD U.S. Money Market Fund
(expressed in United States dollars)
Statement of Investment Portfolio
as at June 30, 2009 (Unaudited)
Par Value Description Cost Fair Value
TD Mutual Funds 2009 Semi-Annual Financial Report
MO N E Y MA R K E T FUN D S
Portfolio Listings
18
TD U.S. Money Market Fund
Par Value Description Cost Fair Value
$ $$
Royal Bank of Canada
5,800,000 0.20% due July 09, 2009 5,799,742 5,799,742
6,100,000 0.20% due July 22, 2009 6,099,305 6,099,305
6,800,000 0.20% due August 05, 2009 6,798,678 6,798,678
SAFE Trust
10,000,000 1.31% due November 18, 2009 9,950,125 9,950,125
Societe Generale (Canada Branch)
8,400,000 0.28% due July 10, 2009 8,399,415 8,399,415
STARS Trust
25,000,000 0.95% due July 30, 2009 24,981,245 24,981,245
8,000,000 0.81% due August 05, 2009 7,993,802 7,993,802
500,000 0.68% due August 07, 2009 499,654 499,654
11,100,000 0.86% due December 07, 2009 11,058,534 11,058,534
9,900,000 0.89% due December 09, 2009 9,861,192 9,861,192
Storm King Funding

5,000,000 0.56% due July 03, 2009 4,999,847 4,999,847
10,680,000 0.51% due July 13, 2009 10,678,206 10,678,206
1,440,000 0.50% due July 17, 2009 1,439,682 1,439,682
18,090,000 0.49% due July 21, 2009 18,085,122 18,085,122
SUMMIT Trust
11,600,000 1.29% due July 17, 2009 11,593,444 11,593,444
5,300,000 2.01% due August 06, 2009 5,289,589 5,289,589
9,000,000 0.73% due October 01, 2009 8,983,440 8,983,440
5,000,000 0.74% due October 02, 2009 4,990,601 4,990,601
5,000,000 1.57% due October 14, 2009 4,977,571 4,977,571
1,000,000 0.86% due December 07, 2009 996,264 996,264
9,300,000 0.87% due December 17, 2009 9,262,869 9,262,869
6,350,000 0.91% due December 21, 2009 6,322,688 6,322,688
6,000,000 0.87% due December 29, 2009 5,974,163 5,974,163
657,892,832 657,892,832
TOTAL INVESTMENT
PORTFOLIO – 99.7%
838,910,721 838,910,721
OTHER NET ASSETS – 0.3%
2,116,698 2,116,698
TOTAL NET ASSETS – 100.0%
$ 841,027,419 $ 841,027,419
Credit Risk (Note 11)
The table below summarizes the debt instruments by credit ratings.
Percentage Percentage
of Total Debt of Total Net
Credit Rating° Instruments (%) Assets (%)
R-1 High 95.10 94.86
R-1 Mid 1.21 1.20
AA 0.95 0.95

No Rating 2.74 2.73
Total 100.00 99.74
° Credit ratings are obtained from Standard & Poor’s, Moody’s
or DBRS ratings.
The accompanying notes are an integral part of these
financial statements.
2009 Semi-Annual Financial Report TD Mutual Funds
19
FI X E D IN C O M E FUN D S
Statements of Investment Operations
(in 000s except per unit amounts)
for the periods ended June 30, 2009 and 2008 (Unaudited)
2009 2008
Investment Income
Interest $ 31,906 $ 37,430
Securities Lending 37 70
31,943 37,500
Expenses (Note 5)
Management Fee 4,053 3,943
Independent Review Committee Fees 44
4,057 3,947
Less: Waived Expenses (1) (0)
4,056 3,947
Net Investment Income (Loss) 27,887 33,553
Net Realized Gain (Loss) on
Sale of Investments 9,382 9,847
Net Change in Unrealized Appreciation/
Depreciation of Investments 6,140 3,999
Net Gain (Loss) on Investments 15,522 13,846
Increase (Decrease) in Net Assets

from Investment Operations
†
$ 43,409 $ 47,399
†
Increase (Decrease) in Net Assets from Investment Operations
Investor Series $ 5,021 $ 3,346
Institutional Series $ 32,930 $ 40,409
Advisor Series $ 3,541 $ 1,218
F-Series $ 519 $ 89
O-Series $ 1,398 $ 2,337
$ 43,409 $ 47,399
Increase (Decrease) in Net Assets from Investment Operations – Per Unit
Investor Series $ 0.27 $ 0.23
Institutional Series $ 0.31 $ 0.29
Advisor Series $ 0.26 $ 0.23
F-Series $ 0.27 $ 0.27
O-Series $ 0.33 $ 0.30
The accompanying notes are an integral part of these financial statements.
Statements of Net Assets
(in 000s except per unit amounts and number of units)
as at June 30, 2009 and December 31, 2008 (Unaudited)
2009 2008
Assets
Investments at Fair Value (Note 3) $ 1,585,629 $ 1,376,659
Short-Term Investments 50,500 5,100
Cash 57 104
Interest Receivable 14,963 13,393
Subscriptions Receivable 19,869 1,327
Receivable for Investment Sales 0 2,151
1,671,018 1,398,734

Liabilities
Accrued Liabilities 822 600
Redemptions Payable 1,545 5,302
Distributions Payable 345 0
Payable for Investment Purchases 11,000 0
13,712 5,902
Net Assets (Note 3) $ 1,657,306 $ 1,392,832
Net Assets Representing Unitholders’ Equity (Note 4)
Investor Series $ 231,814 $ 153,756
Institutional Series $ 1,043,960 $ 1,125,223
Advisor Series $ 282,282 $ 67,377
F-Series $ 56,122 $ 4,991
O-Series $ 43,128 $ 41,485
$ 1,657,306 $ 1,392,832
Number of Units Outstanding
Investor Series 23,547,145 15,785,559
Institutional Series 103,015,723 112,099,500
Advisor Series 27,485,290 6,641,667
F-Series 5,462,930 492,821
O-Series 4,258,638 4,136,103
Net Assets Per Unit (Note 3)
Investor Series $ 9.84 $ 9.74
Institutional Series $ 10.13 $ 10.04
Advisor Series $ 10.27 $ 10.14
F-Series $ 10.27 $ 10.13
O-Series $ 10.13 $ 10.03
Financial Statements
●
TD Shor t Term Bond Fund
TD Mutual Funds 2009 Semi-Annual Financial Report

20
Financial Statements
●
TD Short Term Bond Fund
FI X E D IN C O M E FUN D S
Statements of Changes in Net Assets
(in 000s except number of units)
for the periods ended June 30, 2009 and 2008 (Unaudited)
Investor Series Institutional Series Advisor Series
2009 2008 2009 2008 2009 2008
Net Assets, Beginning of the Period $ 153,756 $ 137,577 $ 1,125,223 $ 1,427,312 $ 67,377 $ 52,913
Increase (Decrease) in Net Assets
from Investment Operations 5,021 3,346 32,930 40,409 3,541 1,218
Capital Unit Transactions
†
Proceeds from Sale of Units 95,267 24,245 140 1,251 235,072 12,697
Reinvestments of Distributions 3,040 2,444 20,558 19,445 1,865 808
Early Redemption Fees 60 32 360
Amounts Paid on Redemptions (22,092) (20,927) (112,169) (173,324) (23,442) (11,961)
76,221 5,762 (91,439) (152,625) 213,501 1,544
Distributions to Unitholders (3,184) (2,573) (22,754) (30,022) (2,137) (913)
Increase (Decrease) in Net Assets
for the Period 78,058 6,535 (81,263) (142,238) 214,905 1,849
Net Assets, End of the Period $ 231,814 $ 144,112 $ 1,043,960 $ 1,285,074 $ 282,282 $ 54,762
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 15,785,559 14,530,355 112,099,500 146,163,795 6,641,667 5,367,043
Units Issued 9,702,764 2,515,022 13,856 125,803 22,950,130 1,268,301
Units Issued on Reinvestments 310,321 254,381 2,038,032 1,963,031 182,359 80,744
Units Redeemed (2,251,499) (2,176,505) (11,135,665) (17,424,492) (2,288,866) (1,197,360)

Units Outstanding, End of the Period 23,547,145 15,123,253 103,015,723 130,828,137 27,485,290 5,518,728
F-Series O-Series TOTAL
2009 2008 2009 2008 2009 2008
Net Assets, Beginning of the Period $ 4,991 $ 3,341 $ 41,485 $ 77,101 $ 1,392,832 $ 1,698,244
Increase (Decrease) in Net Assets
from Investment Operations 519 89 1,398 2,337 43,409 47,399
Capital Unit Transactions
†
Proceeds from Sale of Units 53,687 786 1,991 23,412 386,157 62,391
Reinvestments of Distributions 270 62 912 1,988 26,645 24,747
Early Redemption Fees 10 20 47 3
Amounts Paid on Redemptions (2,994) (756) (1,673) (8,337) (162,370) (215,305)
50,964 92 1,232 17,063 250,479 (128,164)
Distributions to Unitholders (352) (69) (987) (2,078) (29,414) (35,655)
Increase (Decrease) in Net Assets
for the Period 51,131 112 1,643 17,322 264,474 (116,420)
Net Assets, End of the Period $ 56,122 $ 3,453 $ 43,128 $ 94,423 $ 1,657,306 $ 1,581,824
†
Capital Unit Transactions
Units Outstanding, Beginning of the Period 492,821 339,533 4,136,103 7,879,673
Units Issued 5,236,016 78,696 197,363 2,349,824
Units Issued on Reinvestments 26,340 6,173 90,574 200,249
Units Redeemed (292,247) (75,679) (165,402) (838,235)
Units Outstanding, End of the Period 5,462,930 348,723 4,258,638 9,591,511
The accompanying notes are an integral part of these financial statements.
2009 Semi-Annual Financial Report TD Mutual Funds Portfolio Listings
21
FI X E D IN C O M E FUN D S
$ $$
Par Value Description Cost Fair Value

EnCana Corporation
12,500,000 4.30% due March 12, 2012 12,341,808 13,025,629
ENMAX Corporation
10,000,000 5.85% due April 08, 2014 9,988,900 9,754,897
First Capital Realty Inc.
4,500,000 5.25% due March 30, 2011 4,506,840 4,406,164
12,000,000 5.08% due June 21, 2012 11,553,600 11,251,697
4,000,000 5.36% due January 31, 2014 3,473,860 3,693,458
GE Capital Canada Funding Company
10,000,000 3.65% due June 07, 2010 9,994,100 10,134,348
10,000,000 4.75% due May 02, 2011 9,986,800 10,255,060
24,000,000 5.29% due August 17, 2012 24,067,020 24,685,393
17,000,000 5.15% due June 06, 2013 17,106,110 17,282,394
Glacier Credit Card Trust
21,400,000 5.027% due February 20, 2013 21,311,260 21,349,434
Golden Credit Card Trust
30,000,000 4.254% due February 15, 2011 29,936,100 31,018,469
Honda Canada Finance Inc.
30,000,000 5.613% due September 12, 2013 30,000,000 30,348,207
HSBC Bank Canada
27,000,000 4.59% due March 28, 2011 26,993,790 28,037,435
John Deere Credit Inc.
8,250,000 4.40% due March 30, 2011 8,247,608 8,456,415
5,000,000 5.30% due July 27, 2012 4,998,250 5,167,786
Keybank Nova Scotia Funding Company
11,000,000 4.21% due December 14, 2009 10,999,670 10,946,825
Master Credit Card Trust
17,000,000 4.444% due November 21, 2011 16,940,900 17,685,395
20,000,000 5.297% due August 21, 2012 20,000,000 21,282,153
Merrill Lynch Financial Assets Inc.

15,392,000 6.79% due April 15, 2011 16,134,356 15,588,839
10,550,000 6.38% due November 12, 2011 11,011,774 10,678,460
13,000,000 5.245% due June 12, 2013 13,025,870 12,344,616
Merrill Lynch Mortgage Loans Inc.
10,068,676 7.139% due March 15, 2010 11,474,427 10,190,390
OMERS Realty CTT Holdings Two Inc.
6,000,000 4.05% due May 05, 2014 5,998,380 6,039,977
Petro-Canada Centre
6,000,000 6.379% due June 09, 2014 6,000,000 6,000,000
RioCan Real Estate Investment Trust
10,000,000 5.70% due September 11, 2012 9,997,000 9,890,043
20,000,000 8.33% due April 03, 2014 20,000,000 20,783,978
Rogers Communications Inc.
1,000,000 7.25% due December 15, 2011 1,106,480 1,092,668
1,608,000 7.625% due December 15, 2011 1,799,224 1,728,288
Royal Bank of Canada
15,000,000 5.20% due August 15, 2012 16,143,450 16,012,638
15,000,000 5.06% due July 17, 2013 15,858,150 15,998,162
15,000,000 5.00% due January 20, 2014 16,168,600 15,985,295
Schlumberger Canada Limited
3,500,000 5.14% due July 12, 2010 3,499,405 3,591,656
Shaw Communications Inc.
6,000,000 7.50% due November 20, 2013 6,319,020 6,644,520
Shoppers Drug Mart Corporation
17,300,000 4.99% due June 03, 2013 17,299,525 18,093,067
Bonds – 95.7%
FEDERAL BONDS & GU A RANTEES – 25.7%
Canada Housing Trust No. 1
$ 77,000,000 4.00% due June 15, 2012 $ 75,070,214 $ 80,965,259
137,000,000 4.55% due December 15, 2012 143,336,248 146,455,455

65,000,000 2.70% due December 15, 2013 65,360,800 64,688,632
35,000,000 2.20% due March 15, 2014 35,192,500 34,019,980
40,000,000 3.15% due June 15, 2014 40,057,200 40,442,002
Government of Canada
20,000,000 1.00% due September 01, 2011 19,914,400 19,832,136
16,500,000 3.50% due June 01, 2013 17,624,261 17,261,367
20,000,000 5.00% due June 01, 2014 22,250,000 22,324,278
418,805,623 425,989,109
PROVINCIAL BONDS & GUARANTEES – 8.4%
Ontario Infrastructure Projects Corporation
13,500,000 3.95% due June 03, 2013 13,477,995 13,901,035
Ontario School Boards Financing Corporation
6,700,000 5.30% due November 07, 2013 7,384,338 7,288,246
Province of Ontario
30,000,000 4.40% due December 02, 2011 31,804,800 31,812,379
40,000,000 4.75% due June 02, 2013 42,118,100 42,877,373
40,000,000 5.00% due March 08, 2014 43,366,000 43,399,392
138,151,233 139,278,425
CORPORATE BONDS – 61.6%
Bank of Montreal
10,000,000 5.04% due September 04, 2012 10,256,100 10,617,326
35,000,000 5.05% due September 03, 2013 35,390,650 37,203,961
The Bank of Nova Scotia
28,000,000 5.04% due April 08, 2013 27,994,960 29,709,324
15,000,000 4.56% due October 30, 2013 15,890,100 15,690,275
bcIMC Realty Corporation
41,000,000 5.25% due September 19, 2012 41,065,750 42,384,632
Bell Aliant Regional Communications,
Limited Partnership
20,000,000 4.72% due September 26, 2011 20,020,600 20,407,288

Boardwalk Real Estate Investment Trust
9,300,000 5.31% due January 23, 2012 9,316,647 8,991,833
Canadian Credit Card Trust
12,500,000 4.143% due April 26, 2010 12,500,000 12,712,819
20,000,000 5.365% due March 25, 2013 20,000,000 20,514,858
Canadian Imperial Bank of Commerce
15,000,000 5.00% due September 10, 2012 16,036,350 15,878,744
20,000,000 4.95% due January 23, 2014 21,138,600 21,215,342
Canadian Pacific Railway Company
10,000,000 4.90% due June 15, 2010 10,442,000 10,265,715
CARDS II Trust
18,000,000 3.869% due October 15, 2010 17,979,484 18,499,223
Caterpillar Financial Services Limited
31,000,000 4.94% due June 01, 2012 31,123,910 31,558,219
12,100,000 5.20% due June 03, 2013 12,099,032 12,287,996
Citigroup Finance Canada Inc.
23,500,000 5.13% due October 25, 2010 23,494,125 23,386,433
Enbridge Income Fund
3,500,000 4.19% due December 21, 2009 3,499,370 3,530,791
●
TD Shor t Term Bond Fund
Statement of Investment Portfolio
as at June 30, 2009 (Unaudited)
Par Value Description Cost Fair Value
TD Mutual Funds 2009 Semi-Annual Financial ReportPortfolio Listings
22
TD Short Term Bond Fund
FI X E D IN C O M E FUN D S
Par Value Description Cost Fair Value
$ $$

Credit Risk (Note 11)
The table below summarizes the debt instruments by credit ratings.
Percentage Percentage
of Total of Total Net
Credit Rating° Bonds (%) Assets (%)
AAA 39.35 37.65
AA 33.88 32.42
A 14.57 13.94
BBB 11.56 11.06
No Rating 0.64 0.61
Total 100.00 95.68
° Credit ratings are obtained from Standard & Poor’s, Moody’s
or DBRS ratings.
Interest Rate Risk (Note 11)
The table below summarizes the Fund’s exposure to interest rate risk
by remaining term to maturity.
Term to Maturity Total Exposure
Bonds (000s)
Less than 1 year $ 57,781
1-5 years 1,527,848
Total $ 1,585,629
As at June 30, 2009 had the prevailing interest rate changed by 1%,
assuming a parallel shift in the yield curve, with all other variables
held constant, net assets would have decreased or increased,
respectively, by approximately
(in 000s) $45,508 (approximately 2.75%
of net assets). The Fund’s sensitivity to interest rate changes was
estimated using the weighted average duration of the bond portfolio.
In practice, the actual trading results may differ from the above
approximate sensitivity analysis amounts and the differences could

be material.
The accompanying notes are an integral part of these
financial statements.
Suncor Energy Inc.
28,000,000 6.70% due August 22, 2011 30,609,030 30,237,708
TELUS Corporation
5,100,000 4.50% due March 15, 2012 5,091,455 5,265,526
6,000,000 4.95% due May 15, 2014 5,999,760 6,135,674
Thomson Reuters Corporation
24,700,000 5.25% due July 15, 2011 24,641,955 25,942,652
Timmins Square Limited Partnership
and Trinity Shopping Centres Partnership
10,000,000 5.797% due June 30, 2010 10,629,700 10,190,588
The Toronto-Dominion Bank*
34,000,000 4.854% due February 13, 2013 36,263,050 35,978,755
Toyota Credit Canada Inc.
40,000,000 5.05% due July 27, 2012 39,979,200 40,670,464
TransCanada PipeLines Limited
15,000,000 4.30% due January 13, 2011 14,993,250 15,523,371
15,000,000 5.05% due August 20, 2013 14,980,350 15,943,566
Wells Fargo Financial Corporation Canada
10,000,000 4.45% due September 13, 2011 10,027,800 10,211,555
Woodbridge Finance Corporation
28,000,000 5.315% due October 18, 2010 28,000,000 28,901,773
YPG Holdings Inc.
11,000,000 6.85% due December 03, 2013 11,000,000 11,060,940
1,004,745,505 1,020,361,107
TOTAL INVESTMENT
PORTFOLIO – 95.7%
1,561,702,361 1,585,628,641

SHORT-TERM
INVESTMENTS – 3.0%
50,500,000 50,500,000
OTHER NET ASSETS – 1.3%
21,177,780 21,177,780
TOTAL NET ASSETS – 100.0%
$ 1,633,380,141 $ 1,657,306,421
* Related party to the Fund as an affiliated entity of
TD Asset Management Inc.
2009 Semi-Annual Financial Report TD Mutual Funds
23
FI X E D IN C O M E FUN D S
Statements of Investment Operations
(in 000s except per unit amounts)
for the periods ended June 30, 2009 and 2008 (Unaudited)
2009 2008
Investment Income
Interest $ 14,820 $ 14,337
Securities Lending 42
14,824 14,339
Expenses (Note 5)
Management Fee 3,251 3,250
Administration Fee 217 203
Independent Review Committee Fees 22
Bank Charges and Interest 01
3,470 3,456
Less: Waived Expenses (0) (1)
3,470 3,455
Net Investment Income (Loss) 11,354 10,884
Net Realized Gain (Loss) on

Sale of Investments (330) (360)
Net Change in Unrealized Appreciation/
Depreciation of Investments 6,787 8,297
Net Gain (Loss) on Investments 6,457 7,937
Increase (Decrease) in Net Assets
from Investment Operations
†
$ 17,811 $ 18,821
†
Increase (Decrease) in Net Assets from Investment Operations
Investor Series $ 7,650 $ 7,640
Institutional Series $ 10,161 $ 11,181
$ 17,811 $ 18,821
Increase (Decrease) in Net Assets from Investment Operations – Per Unit
Investor Series $ 1.71 $ 1.76
Institutional Series $ 0.35 $ 0.33
The accompanying notes are an integral part of these financial statements.
Statements of Net Assets
(in 000s except per unit amounts and number of units)
as at June 30, 2009 and December 31, 2008 (Unaudited)
2009 2008
Assets
Investments at Fair Value (Note 3) $ 568,784 $ 545,730
Short-Term Investments 10,000 4,400
Cash 103 90
Interest Receivable 1,039 787
Unamortized Liquidity/Guarantee Fees (Note 3) 1,647 1,523
Subscriptions Receivable 899 870
Receivable for Investment Sales 14,592 12,416
597,064 565,816

Liabilities
Accrued Liabilities 607 564
Redemptions Payable 723 3,854
Distributions Payable 41 0
Payable for Investment Purchases 2,500 2,804
3,871 7,222
Net Assets (Note 3) $ 593,193 $ 558,594
Net Assets Representing Unitholders’ Equity (Note 4)
Investor Series $ 306,433 $ 254,000
Institutional Series $ 286,760 $ 304,594
$ 593,193 $ 558,594
Number of Units Outstanding
Investor Series 4,936,449 4,139,170
Institutional Series 28,199,068 30,275,076
Net Assets Per Unit (Note 3)
Investor Series $ 62.08 $ 61.36
Institutional Series $ 10.17 $ 10.06
Financial Statements
●
TD Mor tgage Fund