TAILIEUCHUNG - 2009 SEMI-ANNUAL FINANCIAL REPORT

Yet – outside the major pension funds and insurance companies – institutional investor allocations to clean energy projects remain limited, particularly when it comes to the types of direct investment which can help close the financing gap. Reasons for institutional investor hesitancy include a lack of information and expertise when it comes to the type of direct infrastructure investment required to finance clean energy projects, and a potentially unsupportive regulatory backdrop. These problems are compounded by a lack of suitable investment vehicles providing the risk/return profile that institutional investors need to manage the risks specific to clean energy projects. . | ID Mutual Funds TD Mutual Funds 2009 Semi-Annual Financial Report 2 3 5 10 15 19 23 26 31 37 42 45 51 59 63 70 76 84 90 98 102 106 111 116 120 124 128 132 136 140 143 147 152 155 Management s Responsibility for Financial Reporting Financial Statements MONEY MARKET FUNDS TD Canadian T-Bill Fund TD Canadian Money Market Fund TD Premium Money Market Fund TD . Money Market Fund FIXED INCOME FUNDS TD Short Term Bond Fund TD Mortgage Fund TD Canadian Bond Fund TD Canadian Core Plus Bond Fund TD Corporate Bond Capital Yield Fund TD Real Return Bond Fund TD Global Bond Fund TD High Yield Income Fund TD Income Advantage Portfolio BALANCED FUNDS TD Monthly Income Fund TD Balanced Income Fund TD Diversified Monthly Income Fund TD Balanced Growth Fund TD Dividend Income Fund CANADIAN EQUITY FUNDS TD Dividend Growth Fund TD Income Trust Capital Yield Fund TD Canadian Blue Chip Equity Fund TD Canadian Equity Fund TD Canadian Value Fund TD Canadian Small-Cap Equity Fund . EQUITY FUNDS TD North American Dividend Fund TD . Blue Chip Equity Fund TD . Quantitative Equity Fund TD . Large-Cap Value Fund TD . Large-Cap Value Currency Neutral Fund TD . Mid-Cap Growth Fund TD . Small-Cap Equity Fund TD . Equity Advantage Portfolio TD . 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 .

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