TD Asset Management Inc. Announces Risk Rating Change for the TD Resource Fund

TORONTO, July 28, 2011 /CNW/ - TD Asset Management Inc. (TDAM), the manager of the TD Resource Fund (the Fund), today announced a change to the risk rating associated with investing in the Fund. This change is reflected in the Fund's updated simplified prospectus filed on July 27, 2011.

The Investment Funds Institute of Canada recently established guidelines for determining risk ratings based primarily upon the variability of returns for a mutual fund. Based on these guidelines, TDAM determined it was prudent to change the risk rating for the Fund from "medium to high" to "high".

No changes have been made to the investment objectives, strategies or management of the Fund, as set out in the updated simplified 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 June 30, 2011, TDAM was the fourth largest mutual fund company in Canada, with $62.3 billion invested in TD Mutual Funds.