TORONTO, December 2, 2011 – TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, was named Morningstar Fixed Income Fund Manager of the Year - for the second consecutive year - at the 17th annual Morningstar^® Canadian Investment Awards^TM in Toronto.

“It’s terrific that our fixed income portfolio management team was recognized by Morningstar for a second year in a row,” said Sandy Cimoroni, President, TD Mutual Funds. “This is a great acknowledgement of our collaborative approach to investment management and the strength of the entire team led by Satish Rai, Chief Investment Officer, TDAM and Ken Miner, Vice Chair, TDAM.”

“Fixed income is an essential component of a well-balanced portfolio. Our disciplined approach to investment excellence and risk management helps investors work confidently towards their long-term financial goals,” added Cimoroni.

The TD Health Sciences Fund - managed by TDAM, sub-advised by Dr. Kris Jenner, Vice President, T. Rowe Price Associates, Inc. - was awarded top honours in the category for Best Healthcare Equity Fund for the third consecutive year.

The following TDAM funds were named finalists:

• TD Canadian Bond Fund - managed by Satish Rai, Chief Investment Officer, TDAM, Geoff Wilson, Managing Director, TDAM, David McCulla, Vice President and Director, TDAM, and Christopher Case, Vice President and Director, TDAM
  
• TD U.S. Small-Cap Equity Fund - managed by TDAM, sub-advised by Gregory A. McCrickard, Vice President, and J. David Wagner, Vice President, T. Rowe Price Associates, Inc.

About TD Asset Management Inc.
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. TD Mutual 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 October 31, 2011, TDAM was the fourth largest mutual fund company in Canada, with $61.4 billion invested in TD Mutual Funds.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, which contains detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated.

^®©2011 Morningstar is a registered mark of Morningstar Research Inc. All rights reserved. ^®/ The TD logo and other trade-marks are the property of The Toronto-Dominion Bank or a wholly-owned subsidiary, in Canada and/or other countries.

For more information:

Ali Duncan Martin
TD Bank Group
416-983-4412
ali.duncanmartin@td.com

Carly Libman
TD Bank Group
416-983-4384
carly.libman@td.com