U.S. dollar purchase options for TD U.S. Large-Cap Value Fund and TD U.S. Mid-Cap Growth Fund expanded

TORONTO, Aug. 16, 2011 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds, today announced the launch of the TD U.S. Monthly Income Fund (the "Fund").

The Fund's investment objective seeks to provide a consistent level of monthly income in U.S. dollars by investing mainly in, or obtaining exposure to, income-producing securities, with capital appreciation as a secondary objective. Income-producing securities may include, but are not limited to, dividend-paying common shares and preferred shares, bonds, exchange-traded funds and real estate investment trusts.

The management team for the Fund includes David Sykes, Vice President and Director, TDAM, Glenn Davis, Managing Director, TDAM USA Inc.¹ and Geoff Wilson, Managing Director, TDAM.

"This Fund offers investors looking for a U.S. dollar income stream the benefit of TDAM's long-term investment approach, an opportunity to have exposure to U.S. dividend-paying securities, and access to an award-winning fixed income management team," said Thomas Dyck, President, TD Mutual Funds. TDAM was named Morningstar® Fixed Income Fund Manager of the Year at the 2010 Morningstar Canadian Investment Awards.

TD Mutual Funds is also expanding its U.S. dollar purchase options to the Investor, Advisor and F-Series (eligible for fee-based accounts) of the TD U.S. Large-Cap Value Fund, and the Advisor and F-Series of the TD U.S. Mid-Cap Growth Fund. These funds are sub-advised by U.S. money management firm T. Rowe Price Associates, Inc.

The new Fund and U.S. dollar purchase options for TD U.S. Large-Cap Value Fund and TD U.S. Mid-Cap Growth Fund are available for sale on August 16, 2011. For more information, please see the applicable TD Mutual Funds prospectus.

About TD Mutual Funds
Under the TD Mutual Funds name, TDAM provides a diverse range of over 70 mutual funds and 25 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 million investors and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Waterhouse Discount Brokerage, Financial Planning and Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of July 31, 2011, TDAM was the fourth largest mutual fund company in Canada, with $61.9 billion invested in TD Mutual Funds.

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¹ TDAM USA Inc. is a subsidiary of The Toronto-Dominion Bank.