N-Q 1 v306317_nq.htm QUARTERLY REPORT

 

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

 

Investment Company Act file number                       811-09086           

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

(FORMERLY KNOWN AS “TD WATERHOUSE FAMILY OF FUNDS, INC.”)

(Exact name of registrant as specified in charter)

 

 

31 West 52nd Street, New York, New York 10019

 

 (Address of principal executive offices) (Zip code)

 

 

Kevin LeBlanc, President, TD Asset Management USA Funds Inc., 31 West 52nd Street, NY, NY 10019

 

 (Name and address of agent for service)

 

 

Registrant’s telephone number, including area code:__212-827-7061

 

Date of fiscal year end: October 31, 2011

 

Date of reporting period: January 31, 2012

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

 

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C.

§ 3507.

 

 
 

 

 

Item 1. Schedule of Investments.

 

File the schedules as of the close of the reporting period as set forth in §§ 210.12-12 - 12-14 of Regulation S-X [17 CFR 210.12-12 - 12-14]. The schedules need not be audited.

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
COMMERCIAL PAPER — 25.7%          
BANKS — 11.0%          
Australia & New Zealand Banking Group          
0.31%, 2/29/12 (A)  $20,000,000   $19,995,178 
0.63%, 9/6/12 (A)   25,000,000    24,904,625 
           
Bank of Montreal          
0.10%, 2/22/12   20,000,000    19,998,833 
0.11%, 3/2/12   25,000,000    24,997,708 
           
Caisse Centrale Desjardins du Quebec          
0.24%, 2/2/12 (A)   25,000,000    24,999,834 
0.12%, 2/14/12 (A)   25,000,000    24,998,917 
0.18%, 3/1/12 (A)   25,000,000    24,996,375 
0.20%, 4/10/12 (A)   24,000,000    23,990,800 
           
Commonwealth Bank of Australia          
0.46%, 2/6/12 (A)   25,000,000    25,000,000 
0.22%, 4/10/12   16,000,000    15,993,253 
0.49%, 5/7/12 (A)   25,000,000    24,967,333 
           
Old Line Funding LLC          
0.25%, 5/21/12   26,000,000    25,980,139 
0.24%, 5/22/12 (A)   15,000,000    14,988,900 
         295,811,895 
FINANCIALS — 0.8%          
JPMorgan Chase & Co.          
0.18%, 4/26/12   20,000,000    19,991,500 
           
INDUSTRIAL & OTHER COMMERCIAL PAPER — 13.9%           
General Electric Capital Corp.          
0.12%, 4/24/12   40,000,000    39,988,933 
0.34%, 5/1/12   20,000,000    19,983,000 
0.39%, 5/9/12   20,000,000    19,978,767 
           
Johnson & Johnson          
0.07%, 2/17/12 (A)   25,000,000    24,999,222 
0.08%, 3/19/12   25,000,000    24,997,389 
0.06%, 3/28/12 (A)   20,000,000    19,998,133 
0.04%, 4/4/12 (A)   30,000,000    29,997,900 
           
Leland Stanford Junior University          
0.18%, 2/24/12   18,000,000    17,997,930 
           
Procter & Gamble Co.          
0.10%, 3/15/12 (A)   24,000,000    23,997,133 
0.12%, 4/12/12 (A)   24,000,000    23,994,320 
0.07%, 5/2/12 (A)   23,500,000    23,495,842 
           
Province of Quebec Canada          
0.06%, 3/6/12 (A)   9,000,000    8,999,490 
           
University of California          
0.13%, 2/15/12   49,000,000    48,997,523 
0.14%, 3/16/12   31,000,000    30,994,696 

 

Yale University          
0.13%, 2/16/12   16,000,000    15,999,133 
         374,419,411 
TOTAL COMMERCIAL PAPER        690,222,806 
           
MUNICIPAL OBLIGATIONS — 25.1%          
Baton Rouge, Exxon Project, AMT, RB          
0.05%, 2/1/12 (B)   9,000,000    9,000,000 
California State, Educational Facilities Authority, California Institute of Technology, Ser B, RB          
0.04%, 2/2/12 (B)   3,500,000    3,500,000 
California State, Educational Facilities Authority, Stanford University, Ser L, RB          
0.04%, 2/1/12 (B)   2,955,000    2,955,000 
California State, Health Facilities Financing Authority, Health Facility Catholic Project, RB, (LOC: Bank of Montreal)          
0.04%, 2/1/12 (B)   4,800,000    4,800,000 
California State, Housing Finance Agency, Home Mortgage Project, Ser M, AMT, RB, (LOC: Fannie Mae)          
0.06%, 2/1/12 (B) (C)   2,200,000    2,200,000 
California State, Housing Finance Agency, Multi-Family Housing Project, Ser F, RB, (LOC: Fannie Mae)          
0.05%, 2/1/12 (B) (C)   3,600,000    3,600,000 
California State, Infrastructure & Economic Development Bank, Buck Institute Age Research Project, RB, (LOC: U.S. Bank N.A.)          
0.06%, 2/1/12 (B)   5,000,000    5,000,000 
California State, Infrastructure & Economic Development Bank, J Paul Getty Project, Ser A, RB          
0.05%, 2/1/12 (B)   3,400,000    3,400,000 
California State, Infrastructure & Economic Development Bank, J Paul Getty Project, Ser A2, RB          
0.05%, 2/1/12 (B)   4,000,000    4,000,000 
California State, Municipal Finance Authority, La Sierra University Project, Ser B, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/2/12 (B)   100,000    100,000 
California State, Pollution Control Financing Authority, Pacific Gas & Electric Project, Ser C, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.04%, 2/1/12 (B)   36,600,000    36,600,000 
California State, Pollution Control Financing Authority, Pacific Gas & Electric Project, Ser E, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.04%, 2/1/12 (B)   7,800,000    7,800,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
California State, Pollution Control Financing Authority, Pacific Gas & Electric Project, Ser F, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.04%, 2/1/12 (B)  $5,600,000   $5,600,000 
California State, Ser A-1, GO, (LOC: JPMorgan Chase Bank, N.A.)          
0.03%, 2/1/12 (B)   2,500,000    2,500,000 
California Statewide, Community Development Authority, Crossing Senior Phase II Project, AMT, RB, (LOC: Fannie Mae)          
0.08%, 2/2/12 (B) (C)   3,030,000    3,030,000 
Chicago, Ser D-2-REMK, GO, (LOC: Northern Trust Company)          
0.04%, 2/1/12 (B)   14,000,000    14,000,000 
Coconino County, Pollution Control Finance Authority, Arizona Public Service Company Project, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.09%, 2/1/12 (B)   3,000,000    3,000,000 
Connecticut State, Health & Educational Facility Authority, Yale University Project, Ser V-1, RB          
0.03%, 2/1/12 (B)   36,530,000    36,530,000 
Connecticut State, Health & Educational Facility Authority, Yale University Project, Ser Y-3, RB          
0.03%, 2/1/12 (B)   10,950,000    10,950,000 
Corporate Finance Managers Inc., Ser B, (LOC: Wells Fargo Bank, N.A.)          
0.22%, 2/2/12 (B)   48,785,000    48,785,000 
Cuyahoga County, Metrohealth System Project, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/2/12 (B)   57,605,000    57,605,000 
Emery County, Pollution Control Finance Authority, Pacificorp Project, RB, (LOC: Wells Fargo Bank, N.A.)          
0.07%, 2/1/12 (B)   3,500,000    3,500,000 
Greater East Texas, Higher Education Authority, Ser B, AMT, RB, (LOC: State Street Bank & Trust Co.)          
0.08%, 2/2/12 (B)   3,350,000    3,350,000 
Gulf Coast, Waste Disposal Authority, Exxon Mobil Project, Ser B, AMT, RB          
0.05%, 2/1/12 (B)   16,950,000    16,950,000 
Harris County, Industrial Development Corp., Exxon Mobil Project, AMT, RB          
0.05%, 2/1/12 (B)   15,300,000    15,300,000 
Hendersonville, Industrial Development Board, Windsor Park Project, RB, Fannie Mae          
0.16%, 2/1/12 (B)   4,200,000    4,200,000 
Idaho State, TAN          
2.00%, 6/29/12   10,000,000    10,070,611 

Illinois State, Developmental Finance Authority, American College of Surgeons Project, RB, (LOC: Northern Trust Company)                    
0.44%, 2/3/12 (B)   8,200,000    8,200,000 
Johns Hopkins University, TECP          
0.13%, 4/3/12   3,000,000    3,000,000 
Kern Water Bank Authority, Ser 2003B, RB, (LOC: Wells Fargo Bank, N.A.)          
0.22%, 2/2/12 (B)   2,178,000    2,178,000 
Lauren Co. LLC, Ser 2003, (LOC: Wells Fargo Bank, N.A.)          
0.27%, 2/2/12 (A) (B)   505,000    505,000 
Lincoln County, Pollution Control Finance Authority, Exxon Project, Ser A, AMT, RB          
0.04%, 2/1/12 (B)   6,000,000    6,000,000 
Lincoln County, Pollution Control Finance Authority, Exxon Project, Ser B, AMT, RB          
0.04%, 2/1/12 (B)   8,700,000    8,700,000 
Los Angeles County, Metropolitan Transportation Authority, Proposition C, Ser C4, RB, (LOC: U.S. Bank N.A.)          
0.03%, 2/2/12 (B)   3,000,000    3,000,000 
Los Angeles County, TECP          
0.16%, 2/6/12   11,020,000    11,020,000 
Lower Neches Valley Authority, Industrial Development Corp., Exxon-Mobil Project, Ser B, AMT, RB          
0.07%, 2/16/12 (B)   23,000,000    23,000,000 
Lower Neches Valley Authority, Industrial Development Corp., Sub-Ser B-2, AMT, RB, (LOC: Exxon)          
0.05%, 2/16/12 (B)   15,000,000    15,000,000 
Massachusetts State, Ser A, TRAN          
2.00%, 4/26/12   23,000,000    23,099,630 
Michigan State, Housing Development Authority, Ser B, AMT, RB, (LOC: Fannie Mae)          
0.09%, 2/1/12 (B) (C)   1,800,000    1,800,000 
Minnesota State, Office of Higher Education, Ser A, RB, (LOC: U.S. Bank N.A.)          
0.16%, 2/2/12 (B)   17,000,000    17,000,000 
Missouri State, Health & Educational Facilities Authority, Health Care Project, Ser E, RB, (LOC: PNC Bank N.A.)          
0.04%, 2/1/12 (B)   10,300,000    10,300,000 
Missouri State, Health & Educational Facilities Authority, Lutheran Senior Services Project, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/2/12 (B)   3,000,000    3,000,000 
New York City, Housing Development Corp., Lyric Development Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.06%, 2/1/12 (B) (C)   7,300,000    7,300,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
New York City, Industrial Development Agency, MSMC Realty Corp. Project, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.05%, 2/1/12 (B)  $2,600,000   $2,600,000 
New York City, Municipal Water Finance Authority, 2nd General Resolution Project, Ser AA-1, RB, (LIQ: State Street Bank & Trust Co./Calsters)          
0.04%, 2/1/12 (B)   25,005,000    25,005,000 
New York City, Municipal Water Finance Authority, RB          
0.04%, 2/1/12 (B)   15,760,000    15,760,000 
New York City, Sub-Ser L-4, GO, (LOC: U.S. Bank N.A.)          
0.03%, 2/1/12 (B)   28,350,000    28,350,000 
New York State, Housing Finance Agency, 363 West 30th Street Project, Ser A, AMT, RB, (LOC: Freddie Mac)          
0.06%, 2/1/12 (B) (C)   2,800,000    2,800,000 
New York State, Housing Finance Agency, Dekalb Ace Project, Ser B, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/1/12 (B)   2,620,000    2,620,000 
Oregon State, TAN          
2.00%, 6/29/12   18,000,000    18,129,166 
PCP Investors LLC, Ser 2003, (LOC: Wells Fargo Bank, N.A.)          
0.22%, 2/2/12 (B)   1,300,000    1,300,000 
Regent of the University of California          
0.12%, 3/8/12   13,000,000    13,000,000 
Rhode Island State, Student Loan Authority, Ser A, RB, (LOC: State Street Bank & Trust Co.)          
0.15%, 2/1/12 (B)   15,000,000    15,000,000 
South Placer, Wastewater Authority, Ser B, RB, (LOC: U.S. Bank N.A.)          
0.04%, 2/2/12 (B)   3,360,000    3,360,000 
St. Joseph, Industrial Development Authority, Heartland Regional Medical Center Project, Ser A, RB, (LOC: U.S. Bank N.A.)          
0.06%, 2/1/12 (B)   3,600,000    3,600,000 
Texas State, Veterans Housing Project, GO, (LIQ: JPMorgan Chase Bank, N.A.)          
0.11%, 2/1/12 (B)   11,200,000    11,200,000 
University of California, Ser Y-1, RB          
0.38%, 2/1/12 (B)   4,700,000    4,700,000 
University of California, Ser Z-1, RB          
0.12%, 2/2/12 (B)   10,000,000    10,000,000 
University of Michigan, TECP          
0.11%, 2/7/12   6,000,000    6,000,000 
Vermont State, Student Assistance Authority, Ser B-1, AMT, RB, (LOC: Bank of New York/Mellon)          
0.09%, 2/2/12 (B)   11,965,000    11,965,000 

Virginia State, Small Business Financing Authority, Carilion Clinic Obligations Project, Ser B, RB, (LOC: PNC Bank N.A.)          
0.05%, 2/1/12 (B)   20,000,000    20,000,000 
Wayne County, Airport Authority, Detroit Metropolitan Wayne Airport Project, Ser E2, AMT, RB, (LOC: PNC Bank N.A.)          
0.09%, 2/1/12 (B)   16,000,000    16,000,000 
Westgate Investment Fund, Ser 2005, (LOC: Wells Fargo Bank, N.A.)          
0.22%, 2/1/12 (B)   1,500,000    1,500,000 
TOTAL MUNICIPAL OBLIGATIONS        674,317,407 
           
CERTIFICATES OF DEPOSIT — 21.4%          
Australia & New Zealand Banking Group          
0.32%, 5/14/12   15,000,000    15,000,000 
Bank of Montreal, IL          
0.39%, 5/14/12   24,000,000    24,000,000 
0.47%, 8/14/12   25,000,000    25,001,350 
Bank of Nova Scotia          
0.50%, 2/1/12   14,600,000    14,600,123 
0.24%, 2/1/12   48,000,000    48,000,000 
0.91%, 3/17/12   50,000,000    50,000,000 
Canadian Imperial Bank of Commerce          
0.18%, 2/1/12   48,500,000    48,500,000 
0.34%, 2/28/12   35,000,000    35,000,000 
National Australia Bank          
0.38%, 3/5/12   25,000,000    25,000,000 
0.70%, 3/6/12   15,000,000    15,000,000 
0.73%, 4/10/12   13,500,000    13,500,000 
0.42%, 4/17/12   24,000,000    24,006,066 
National Bank of Canada, NY          
0.37%, 2/1/12   50,000,000    50,000,000 
0.27%, 2/1/12   34,000,000    34,000,000 
0.40%, 2/20/12   23,000,000    23,001,096 
Royal Bank of Canada, NY          
0.49%, 2/1/12   9,000,000    9,000,000 
0.32%, 2/29/12   24,000,000    24,000,000 
0.59%, 4/11/12   25,000,000    25,002,019 
Westpac Banking Corp., NY          
0.60%, 4/13/12   49,000,000    49,000,000 
0.42%, 6/29/12   25,000,000    25,014,393 
TOTAL CERTIFICATES OF DEPOSIT        576,625,047 
           
CORPORATE OBLIGATIONS — 9.4%          
           
BANKS — 6.2%          
Australia & New Zealand Banking Group Ltd.          
2.40%, 1/11/13 (A)   10,000,000    10,143,671 
Bank of New York Mellon Corp. MTN          
4.95%, 11/1/12   32,182,000    33,226,375 
Commonwealth Bank of Australia MTN          
0.59%, 2/1/12 (A) (D)   23,000,000    23,018,991 
0.71%, 2/6/12 (A) (D)   2,900,000    2,900,000 
National Australia Bank MTN          
2.35%, 11/16/12 (A)   23,000,000    23,258,752 

  

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
U.S. Bank          
0.78%, 4/26/12 (D)  $22,650,000   $22,691,467 
Wachovia Corp.          
0.68%, 3/1/12 (D)   18,200,000    18,202,493 
0.69%, 4/23/12 (D)   13,000,000    13,004,105 
Westpac Banking Corp.          
1.11%, 4/23/12 (A) (D)   3,000,000    3,010,377 
2.25%, 11/19/12   17,000,000    17,186,863 
         166,643,094 
DOMESTIC/FOREIGN BANK SUPPORTED — 1.4%          
Academy of the New Church, (LOC: Wells Fargo Bank, N.A.)          
0.22%, 2/2/12 (D)   23,415,000    23,415,000 
Net Magan Two LLC, (LOC: Wells Fargo Bank, N.A.)          
0.20%, 2/2/12 (D)   15,200,000    15,200,000 
         38,615,000 
FINANCIALS — 1.8%          
Toyota Motor Credit Corp. MTN          
0.50%, 2/23/12 (D)   48,000,000    48,000,000 
           
TOTAL CORPORATE OBLIGATIONS        253,258,094 
           
U.S. GOVERNMENT AGENCY OBLIGATIONS — 5.5%          
FEDERAL FARM CREDIT BANK — 2.3%          
0.25%, 4/2/12   25,000,000    24,998,953 
0.27%, 4/25/12   36,350,000    36,350,485 
         61,349,438 
FREDDIE MAC — 3.2%          
0.44%, 2/8/12 (C) (D)   87,000,000    86,999,336 
           
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS        148,348,774 
           
REGIONAL GOVERNMENT OBLIGATIONS — 3.9%          
Export Development Canada          
1.75%, 9/24/12   8,270,000    8,349,575 
Export Development Canada MTN          
0.65%, 3/7/12 (A) (D)   25,000,000    25,036,907 
2.38%, 3/19/12   20,000,000    20,059,362 
Financement-Quebec          
5.00%, 10/25/12   29,000,000    29,947,480 
Province of Ontario Canada          
4.95%, 6/1/12   22,215,000    22,560,907 
           
TOTAL REGIONAL GOVERNMENT OBLIGATIONS        105,954,231 
           
U.S. TREASURY OBLIGATION — 0.6%          
U.S. Treasury Note          
0.63%, 6/30/12   15,750,000    15,783,108 
           
TOTAL U.S. TREASURY OBLIGATION        15,783,108 
           
REPURCHASE AGREEMENTS — 10.7%          
Counterparty: Bank of Nova Scotia          
0.190% dated 1/31/12, due 2/1/12          
in the amount of $85,000,449, fully collateralized by various U.S. government obligations, coupon range 1.25%-4.50%, maturity range 11/15/12-1/30/17, value of $85,446,000   85,000,000    85,000,000 
Counterparty: Barclays Capital, Inc.          
0.180% dated 1/31/12, due 2/1/12          

in the amount of $10,000,050, fully collateralized by a $10,106,500 U.S. Treasury Note, coupon 0.625%, maturity 7/15/14, value $10,106,500   10,000,000    10,000,000 
Counterparty: Deutsche Bank Securities          
0.220% dated 1/31/12, due 2/1/12          
in the amount of $17,362,106, fully collateralized by various U.S. government obligations, coupon range 3.125%-5.05%, maturity range 1/26/15-3/11/16, value $15,741,000   17,362,000    17,362,000 
Counterparty: RBC Capital Markets Corp.          
0.100% dated 1/31/12, due 2/1/12          
in the amount of $175,000,486, fully collateralized by various U.S. government obligations, coupon range 0.25%-2.625%, maturity range 11/30/13-8/15/20, value $176,859,400   175,000,000    175,000,000 
TOTAL REPURCHASE AGREEMENTS        287,362,000 
           
TOTAL INVESTMENTS          
(Cost $2,751,871,467)† —  102.3%        2,751,871,467 
OTHER ASSETS —  (2.3)%        (61,837,230)
NET ASSETS — 100.0%       $2,690,034,237 

 

† For Federal tax purposes, the Portfolio's aggregate tax cost is equal to book cost.
(A) Security exempt from registration under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2012, these securities amounted to $452,197,700 or 16.81% of net assets of the Portfolio. These securities have been deemed liquid by the Board of Directors.
(B) Security payable on demand. The rate shown, which is subject to change, is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(C) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.
(D) Variable rate security. The rate shown is the current rate on January 31, 2012. Date shown represents the next interest reset date.

 

AMT — Alternative Minimum Tax

GO — General Obligation

LIQ — Liquidity Agreement

LLC — Limited Liability Company

LOC — Letter of Credit

MTN — Medium Term Note

N.A. — National Association

RB — Revenue Bond

Ser — Series

TAN — Tax Anticipation Note

TECP — Tax Exempt Commercial Paper

TRAN — Tax Revenue Anticipation Note

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Portfolio’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Portfolio’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM U.S. Government Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
U.S. GOVERNMENT AGENCY OBLIGATIONS — 59.9%          
FANNIE MAE — 6.0%          
0.34%, 2/1/12 (A) (B)  $10,000,000   $10,009,938 
0.30%, 2/23/12 (A) (B)   8,900,000    8,913,563 
0.27%, 2/26/12 (A) (B)   10,000,000    10,005,729 
6.13%, 3/15/12 (A)   25,000,000    25,179,992 
         54,109,222 
FANNIE MAE, DISCOUNT NOTE — 2.8%          
0.06%, 5/30/12 (A) (C)   25,000,000    24,995,042 
           
FEDERAL FARM CREDIT BANK — 18.6%          
0.26%, 2/1/12 (B)   60,000,000    60,032,888 
0.12%, 2/7/12 (B)   50,000,000    50,000,000 
0.23%, 2/22/12 (B)   5,000,000    4,999,713 
0.17%, 2/29/12 (B)   12,500,000    12,499,623 
0.25%, 4/2/12   24,000,000    23,998,995 
0.27%, 4/25/12   15,000,000    15,000,200 
         166,531,419 
FEDERAL HOME LOAN BANK — 9.5%          
0.19%, 2/1/12 (B)   20,000,000    20,000,000 
5.75%, 5/15/12   25,000,000    25,404,771 
0.08%, 5/29/12   15,000,000    14,998,481 
0.25%, 6/29/12   25,000,000    25,014,175 
         85,417,427 
FEDERAL HOME LOAN BANK, DISCOUNT NOTE — 2.8%          
0.02%, 3/30/12 (C)   25,000,000    24,999,396 
           
FREDDIE MAC — 13.3%          
0.23%, 2/1/12 (A) (B)   12,500,000    12,507,490 
0.24%, 2/2/12 (A) (B)   13,600,000    13,606,918 
0.44%, 2/8/12 (A) (B)   40,000,000    39,999,695 
0.28%, 2/11/12 (A) (B)   8,392,000    8,396,261 
2.13%, 3/23/12 (A)   10,000,000    10,028,974 
5.13%, 7/15/12 (A)   13,901,000    14,216,004 
1.13%, 7/27/12 (A)   20,000,000    20,096,383 
         118,851,725 
FREDDIE MAC, DISCOUNT NOTE — 6.9%          
0.15%, 3/20/12 (A) (C)   35,000,000    34,993,000 
0.07%, 6/4/12 (A) (C)   15,000,000    14,996,642 
0.06%, 6/22/12 (A) (C)   12,500,000    12,497,042 
         62,486,684 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS        537,390,915 
           
U.S. TREASURY OBLIGATIONS — 10.3%          
U.S. Treasury Bills          
0.03%, 6/7/12 (C)   12,500,000    12,498,677 
U.S. Treasury Notes          
1.38%, 2/15/12   20,000,000    20,010,085 
4.50%, 3/31/12   50,000,000    50,356,976 
0.63%, 6/30/12   10,000,000    10,021,021 
TOTAL U.S. TREASURY OBLIGATIONS        92,886,759 
           
REPURCHASE AGREEMENTS — 29.6%          
Counterparty: Bank of Nova Scotia          
0.190% dated 1/31/12, due 2/1/12          
in the amount of $85,000,449, fully collateralized by various U.S. government obligations, coupon range 1.25%-4.60%, maturity range 1/30/17-2/17/26, value of $85,347,000 85,000,000 85,000,000

Counterparty: Barclays Capital, Inc.  
0.180% dated 1/31/12, due 2/1/12          
in the amount of $10,000,050, fully collateralized by a $10,106,500 U.S. Treasury Note, coupon 0.625%, maturity 7/15/14, value $10,106,500   10,000,000    10,000,000 
Counterparty: Deutsche Bank Securities          
0.220% dated 1/31/12, due 2/1/12          
in the amount of $20,586,126, fully collateralized by various U.S. government obligations, coupon 0.00%, maturity range 6/4/12-9/15/29, value $21,681,000   20,586,000    20,586,000 
Counterparty: RBC Capital Markets Corp.          
0.100% dated 1/31/12, due 2/1/12          
in the amount of $150,000,417, fully collateralized by a $151,976,800 U.S. Treasury Note, coupon 1.375%, maturity 3/15/12, value $151,976,800   150,000,000    150,000,000 
TOTAL REPURCHASE AGREEMENTS        265,586,000 
           
TOTAL INVESTMENTS          
(Cost $895,863,674)† —  99.8%        895,863,674 
OTHER ASSETS AND LIABILITIES, NET —  0.2%        1,365,616 
NET ASSETS — 100.0%       $897,229,290 

 

† For Federal tax purposes, the Portfolio's aggregate tax cost is equal to book cost.
(A) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.
(B) Variable rate security. The rate shown is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(C) The rate shown is the effective yield at time of purchase.

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Portfolio’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Portfolio’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Municipal Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

  

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
MUNICIPAL OBLIGATIONS — 99.3%          
           
ALABAMA — 0.6%          
Montgomery, Industrial Development Board, Anderson ALACO Lawn Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.41%, 2/2/12 (A)  $4,650,000   $4,650,000 
           
ALASKA — 0.4%          
Valdez, Ser A, RB          
0.05%, 2/1/12 (A)   3,500,000    3,500,000 
           
ARIZONA — 1.6%          
Coconino County, Pollution Control Finance Authority, Arizona Public Service Company Project, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.09%, 2/1/12 (A)   12,870,000    12,870,000 
           
CALIFORNIA — 9.7%          
California State, Educational Facilities Authority, California Institute of Technology, Ser B, RB          
0.04%, 2/2/12 (A)   4,200,000    4,200,000 
California State, Educational Facilities Authority, TECP          
0.08%, 2/17/12   2,500,000    2,500,000 
California State, Housing Finance Agency, Home Mortgage Project, Ser M, AMT, RB, (LOC: Fannie Mae)          
0.06%, 2/1/12 (A) (B)   7,340,000    7,340,000 
California State, Housing Finance Agency, Multi-Family Housing Project, Ser B, AMT, RB, (TCLF: Fannie Mae; Freddie Mac)          
0.07%, 2/1/12 (A) (B)   10,380,000    10,380,000 
California State, Housing Finance Agency, Multi-Family Housing Project, Ser F, RB, (LOC: Fannie Mae)          
0.05%, 2/1/12 (A) (B)   2,450,000    2,450,000 
California State, Pollution Control Financing Authority, Pacific Gas & Electric Project, Ser C, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.04%, 2/1/12 (A)   440,000    440,000 
California Statewide, Community Development Authority, Rady Childrens Hospital Project, Ser D, RB, (LOC: Bank of Montreal)          
0.03%, 2/1/12 (A)   12,000,000    12,000,000 
California Statewide, Community Development Authority, RB, (LIQ: Royal Bank of Canada)          
0.07%, 2/2/12 (A)   12,800,000    12,800,000 
Oakland-Alameda County, TECP          
0.20%, 3/19/12   9,000,000    8,999,389 
Regent of the University of California          
0.06%, 2/8/12   10,000,000    10,000,000 

San Francisco City & County, Airports Commission Authority, Ser A-1, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.03%, 2/1/12 (A)   7,100,000    7,100,000 
         78,209,389 
COLORADO — 1.1%          
Boulder, Housing Authority, Broadway East Apartments Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.24%, 2/2/12 (A)   1,015,000    1,015,000 
Colorado State, Educational & Cultural Facilities Authority, National Jewish Federation, Ser F-2, RB, (LOC: Northern Trust Company)          
0.10%, 2/1/12 (A)   2,080,000    2,080,000 
Colorado State, Educational & Cultural Facilities Authority, Ready Foods Inc. Project, Ser A, AMT, RB, (LOC: U.S. Bank N.A.)          
0.19%, 2/2/12 (A)   1,900,000    1,900,000 
Colorado State, Educational & Cultural Facilities Authority, Single Family Project, Ser C-3, AMT, RB, (LOC: Fannie Mae)          
0.11%, 2/1/12 (A) (B)   3,600,000    3,600,000 
Colorado State, Housing & Finance Authority, Warneke Paper Box Co. Project, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.28%, 2/2/12 (A)   500,000    500,000 
         9,095,000 
CONNECTICUT — 1.5%          
Connecticut State, Health & Educational Facility Authority, Ser V-2, RB          
0.03%, 2/1/12 (A)   3,350,000    3,350,000 
Connecticut State, Health & Educational Facility Authority, Yale University, Ser X-2, RB          
0.05%, 2/2/12 (A)   8,690,000    8,690,000 
         12,040,000 
FLORIDA — 1.2%          
Alachua County, Housing Finance Authority, Brookside Apartments Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.15%, 2/1/12 (A) (B)   7,010,000    7,010,000 
Florida State, Housing Finance Corp., Heritage Pointe Project, Ser I-1, AMT, RB, (LOC: Fannie Mae)          
0.15%, 2/1/12 (A) (B)   2,400,000    2,400,000 
         9,410,000 
GEORGIA — 2.9%          
Douglas County, Development Authority, Ser A, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.18%, 2/2/12 (A)   4,300,000    4,300,000 
Main Street Natural Gas Inc., Ser A, RB, (LIQ: Royal Bank of Canada)          
0.14%, 2/2/12 (A)   20,000,000    20,000,000 
         24,300,000 

  

 
 

  

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Municipal Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
IDAHO — 1.5%          
Idaho State, TAN          
2.00%, 6/29/12  $12,000,000   $12,084,734 
           
ILLINOIS — 5.0%          
Chicago, Ser D-1-REMK, GO, (LOC: Bank of Montreal)          
0.04%, 2/1/12 (A)   5,000,000    5,000,000 
Chicago, Ser D-2-REMK, GO, (LOC: Northern Trust Company)          
0.04%, 2/1/12 (A)   5,000,000    5,000,000 
Illinois State, Education Facilities Authority, Adler Planetarium Project, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/1/12 (A)   5,000,000    5,000,000 
Illinois State, Education Facilities Authority, TECP          
0.19%, 4/4/12   12,165,000    12,165,000 
Illinois State, Finance Authority, Carle Foundation Project, Ser B, RB, (LOC: Northern Trust Company)          
0.05%, 2/2/12 (A)   1,800,000    1,800,000 
Illinois State, Finance Authority, Carle Foundation Project, Ser C, RB, (LOC: Northern Trust Company)          
0.06%, 2/2/12 (A)   3,700,000    3,700,000 
Illinois State, Finance Authority, Rush University Medical Center Project, Ser A, RB, (LOC: Northern Trust Company)          
0.13%, 2/2/12 (A)   3,600,000    3,600,000 
Lake County, Solid Waste Disposal, Countryside Landfill Inc., AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.12%, 2/2/12 (A)   2,100,000    2,100,000 
Oswego, Industrial Development Revenue Bond, Griffith Laboratories Project, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.28%, 2/1/12 (A)   3,630,000    3,630,000 
         41,995,000 
INDIANA — 1.0%          
Indiana State, Development Finance Authority, Sheet Metal Workers Local 20, RB, (LOC: U.S. Bank N.A.)          
0.30%, 2/2/12 (A)   575,000    575,000 
Indiana State, Finance Authority, Parkview Health System Project, Ser C, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/1/12 (A)   4,000,000    4,000,000 
Indiana State, Health System Finance Authority, Sisters St. Francis Project, Ser I, RB, (LOC: Wells Fargo Bank, N.A.)          
0.06%, 2/1/12 (A)   3,000,000    3,000,000 
         7,575,000 
IOWA — 1.4%          
Iowa State, Finance Authority, Cone Enterprise Project, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.18%, 2/2/12 (A)   7,560,000    7,560,000 

Iowa State, Finance Authority, Corporate Center Association Project, RB, (LOC: Wells Fargo Bank, N.A.)          
0.08%, 2/2/12 (A)   3,580,000    3,580,000 
Iowa State, Finance Authority, Embria Health, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.28%, 2/2/12 (A)   1,085,000    1,085,000 
         12,225,000 
KENTUCKY — 0.4%          
Williamstown, League of Cities Funding Trust, Ser B, RB, (LOC: U.S. Bank N.A.)          
0.13%, 2/3/12 (A)   3,300,000    3,300,000 
           
MARYLAND — 4.3%          
Johns Hopkins University          
0.08%, 6/7/12   13,494,000    13,494,000 
Johns Hopkins University, TECP          
0.13%, 2/2/12   7,900,000    7,900,000 
0.13%, 4/3/12   10,141,000    10,141,000 
0.12%, 4/4/12   4,200,000    4,200,000 
         35,735,000 
MASSACHUSETTS — 0.5%          
Massachusetts State, Ser A, TRAN          
2.00%, 4/26/12   4,500,000    4,519,493 
           
MICHIGAN — 9.0%          
Michigan State, Finance Authority, Ser C-3, RB, (LOC: Bank of Nova Scotia)          
2.00%, 8/20/12   14,000,000    14,130,263 
Michigan State, Housing Development Authority, Alderwood Project, AMT, RB, (LOC: Federal Home Loan Bank)          
0.10%, 2/2/12 (A)   8,155,000    8,155,000 
Michigan State, Housing Development Authority, Ser B, AMT, RB, (LOC: Fannie Mae)          
0.09%, 2/1/12 (A) (B)   16,935,000    16,935,000 
University of Michigan, TECP          
0.14%, 2/3/12   12,000,000    12,000,000 
0.11%, 2/7/12   22,000,000    22,000,000 
         73,220,263 
MINNESOTA — 1.9%          
Minnesota State, Office of Higher Education, Supplement Student Loan Project, Ser B, AMT, RB, (LOC: U.S. Bank N.A.)          
0.13%, 2/2/12 (A)   10,750,000    10,750,000 
St. Paul, Housing & Redevelopment Authority, Allina Health System Project, Ser C, RB, (LOC: Wells Fargo Bank, N.A.)          
0.06%, 2/2/12 (A)   5,000,000    5,000,000 
         15,750,000 
MISSOURI — 3.0%          
Missouri State, Health & Educational Facilities Authority, Lutheran Senior Services Project, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/2/12 (A)   13,650,000    13,650,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Municipal Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
St. Joseph, Industrial Development Authority, Heartland Regional Medical Center Project, Ser A, RB, (LOC: U.S. Bank N.A.)        
0.06%, 2/1/12 (A)  $11,000,000   $11,000,000 
         24,650,000 
NEW JERSEY — 0.1%          
New Jersey State, Economic Development Authority, Accurate Box Company, Ser A, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.23%, 2/2/12 (A)   635,000    635,000 
           
NEW MEXICO — 1.2%          
New Mexico State, Finance Authority, Ser A-1, RB, (LOC: State Street Bank & Trust Co.)          
0.04%, 2/2/12 (A)   9,500,000    9,500,000 
           
NEW YORK — 4.2%          
Liberty, Development Corp., World Trade Center Project, Ser A, RB          
0.30%, 4/1/12 (A)   4,000,000    4,000,000 
Nassau, Health Care Corp., RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.08%, 2/3/12 (A)   5,000,000    5,000,000 
New York City, Housing Development Corp., Lyric Development Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.06%, 2/1/12 (A) (B)   3,000,000    3,000,000 
New York City, Municipal Water Finance Authority, RB, (LIQ: Calsters/State Street Bank & Trust Co.)          
0.03%, 2/1/12 (A)   2,700,000    2,700,000 
New York City, Ser 1995, GO, (LOC: Morgan Guaranty Trust)          
0.06%, 2/1/12 (A)   2,400,000    2,400,000 
New York State, Power Authority, GO, (LIQ: JPMorgan Chase Bank, N.A., Bank of Nova Scotia, Wells Fargo Bank, N.A., State Street Bank & Trust Co., Bank of New York)          
0.19%, 3/1/12 (A)   6,950,000    6,950,000 
Thruway Authority, Personal Transportation Project, Ser A, RB          
1.50%, 3/15/12   10,525,000    10,541,768 
         34,591,768 
OHIO — 4.3%          
Allen County, Ohio Hospital Facilities, Catholic Healthcare Project, Ser D, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.12%, 2/1/12 (A)   6,800,000    6,800,000 
Cuyahoga County, Metrohealth System Project, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/2/12 (A)   11,000,000    11,000,000 
Franklin County, Health Care, Ohio Presbyterian Project, RB, (LOC: PNC Bank N.A.)          
0.11%, 2/2/12 (A)   7,000,000    7,000,000 

Parma, Hospital Improvement, General Hospital, Ser A, RB, (LOC: PNC Bank N.A.)          
0.11%, 2/2/12 (A)   10,860,000    10,860,000 
         35,660,000 
OREGON — 1.5%          
Oregon State, TAN          
2.00%, 6/29/12   12,000,000    12,086,111 
           
PENNSYLVANIA — 4.9%          
Berks County, Municipal Authority, Reading Hospital Medical Center Project, Ser A-4, RB          
0.08%, 2/2/12 (A)   6,200,000    6,200,000 
Berks County, Municipal Authority, Reading Hospital Medical Center Project, Ser A-5, RB          
0.31%, 2/2/12 (A)   9,800,000    9,800,000 
Pennsylvania State University, Ser B, RB          
0.30%, 6/1/31 (A)   15,000,000    15,000,000 
Philadelphia, Authority for Industrial Development, Ser B-3, RB, (LOC: PNC Bank N.A.)          
0.11%, 2/2/12 (A)   5,325,000    5,325,000 
Washington County, Hospital Authority, Washington Hospital Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.47%, 7/1/12 (A)   4,000,000    4,000,000 
         40,325,000 
TEXAS — 14.0%          
Greater East Texas, Higher Education Authority, Ser B, AMT, RB, (LOC: State Street Bank & Trust Co.)          
0.08%, 2/2/12 (A)   10,000,000    10,000,000 
Greater East Texas, Higher Education, Ser B-TEND, AMT, RB, (LOC: State Street Bank & Trust Co.)          
0.14%, 2/2/12 (A) (C)   10,000,000    10,000,000 
Gulf Coast, Waste Disposal Authority, Exxon Mobil Project, Ser B, AMT, RB          
0.05%, 2/1/12 (A)   2,000,000    2,000,000 
Harris County, TAN          
1.50%, 2/29/12   19,000,000    19,019,801 
Lower Neches Valley Authority, Industrial Development Corp., Exxon-Mobil Project, RB          
0.03%, 2/1/12 (A)   1,400,000    1,400,000 
Lower Neches Valley Authority, Industrial Development Corp., Sub-Ser B-2, AMT, RB, (LOC: Exxon)          
0.05%, 2/1/12 (A)   2,500,000    2,500,000 
Tarrant County, Cultural Education Facilities Finance Corp., Baylor Health Care System Project, RB, (LOC: Northern Trust Company)          
0.06%, 2/1/12 (A)   3,000,000    3,000,000 
Tarrant County, Cultural Education Facilities Finance Corp., Baylor Health Care System Project, RB, (LOC: Wells Fargo Bank, N.A.)          
0.07%, 2/1/12 (A)   4,000,000    4,000,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Municipal Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
Texas A&M University, TECP          
0.08%, 4/3/12  $23,500,000   $23,500,000 
Texas State, Department of Housing & Community Affairs, Chisholm Trails Apartments, AMT, RB, (LOC: Fannie Mae)          
0.16%, 2/2/12 (A) (B)   6,000,000    6,000,000 
Texas State, Ser A, RB          
2.50%, 8/30/12   28,000,000    28,358,862 
University of Texas, Permanent University Funding System, Ser A, RB          
0.04%, 2/2/12 (A)   4,900,000    4,900,000 
         114,678,663 
UTAH — 1.5%          
Park City, Ski & Snowboard Association, RB, (LOC: Wells Fargo Bank, N.A.)          
0.13%, 2/2/12 (A)   4,260,000    4,260,000 
Utah State, Housing Corp., Pointe Apartments Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.10%, 2/2/12 (A)   8,200,000    8,200,000 
         12,460,000 
VARIOUS STATES — 5.9%          
Freddie Mac, Multi-Family Certificates, Ser M001, Cl A          
0.20%, 2/2/12 (A)   19,188,630    19,188,630 
Freddie Mac, Multi-Family Certificates, Ser M002, AMT, RB          
0.14%, 2/2/12 (A)   19,604,398    19,604,398 
Freddie Mac, Multi-Family Certificates, Ser M008, AMT, RB          
0.14%, 2/2/12 (A) (C)   9,946,814    9,946,814 
         48,739,842 
VERMONT — 4.4%          
Vermont State, Student Assistance Authority, Ser B-1, AMT, RB, (LOC: Bank of New York/Mellon)          
0.09%, 2/2/12 (A)   35,760,000    35,760,000 
           
VIRGINIA — 4.4%          
Norfolk, Economic Development Authority, Sentara Healthcare Project, Ser A, RB          
0.41%, 11/1/34 (A)   11,500,000    11,500,000 
Norfolk, Industrial Development Authority          
0.13%, 2/15/12   10,000,000    10,000,000 
Norfolk, Industrial Development Authority, TECP          
0.14%, 2/6/12   10,500,000    10,500,000 
0.10%, 6/7/12   4,320,000    4,320,000 
         36,320,000 
WASHINGTON — 4.1%          
Olympia, Economic Development Corp., Spring Air Northwest Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.17%, 2/2/12 (A)   800,000    800,000 

Washington State, Economic Development Finance Authority, Seadrunar Project, Ser E, RB, (LOC: U.S. Bank N.A.)          
0.14%, 2/2/12 (A)   100,000    100,000 
Washington State, Housing Finance Commission, Boardwalk Apartments Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.11%, 2/2/12 (A) (B)   9,320,000    9,320,000 
Washington State, Housing Finance Commission, Eagle's Landing Apartments Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.17%, 2/2/12 (A) (B)   6,365,000    6,365,000 
Washington State, Housing Finance Commission, Lake Wash Apartment Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.11%, 2/1/12 (A)   1,550,000    1,550,000 
Washington State, Housing Finance Commission, Merrill Gardens Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.19%, 2/2/12 (A) (B)   2,000,000    2,000,000 
Washington State, Housing Finance Commission, Oxford Square Apartments Project, Ser A, AMT, RB, (LOC: U.S. Bank N.A.)          
0.17%, 2/2/12 (A)   2,250,000    2,250,000 
Washington State, Housing Finance Commission, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.17%, 2/2/12 (A) (B)   6,200,000    6,200,000 
Washington State, Housing Finance Commission, Woodlands Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.17%, 2/2/12 (A) (B)   4,620,000    4,620,000 
         33,205,000 
WYOMING — 1.8%          
Wyoming State, Student Loan Corp., Ser A-2, RB, (LOC: Royal Bank of Canada)          
0.12%, 2/2/12 (A)   15,000,000    15,000,000 
           
TOTAL MUNICIPAL OBLIGATIONS          
(Cost $814,090,263)† —  99.3%        814,090,263 
OTHER ASSETS AND LIABILITIES, NET —  0.7%        5,763,004 
NET ASSETS — 100.0%       $819,853,267 

 

† For Federal tax purposes, the Portfolio's aggregate tax cost is equal to book cost.
(A) Security payable on demand. The rate shown, which is subject to change, is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(B) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.

(C) Security exempt from registration under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2012, these securities amounted to $19,946,814 or 2.43% of net assets of the Portfolio. These securities have been deemed liquid by the Board of Directors.

 

AMT — Alternative Minimum Tax

Cl — Class

GO — General Obligation

LIQ — Liquidity Agreement

LOC — Letter of Credit

N.A. — National Association

RB — Revenue Bond

Ser — Series

TAN — Tax Anticipation Note

TCLF — Temporary Credit Liquidity Facility

TECP — Tax Exempt Commercial Paper

TRAN — Tax Revenue Anticipation Note

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Portfolio’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Portfolio’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM California Municipal Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
MUNICIPAL OBLIGATIONS — 100.1%          
           
CALIFORNIA — 100.1%          
California State University, TECP          
0.16%, 3/1/12  $4,145,000   $4,145,000 
California State, Educational Facilities Authority, California Institute of Technology, Ser B, RB          
0.04%, 2/2/12  (A)   14,650,000    14,650,000 
California State, Educational Facilities Authority, TECP          
0.08%, 2/17/12   10,500,000    10,500,000 
California State, Health Facilities Financing Authority, RB, (LOC: Bank of Montreal)          
0.06%, 2/1/12  (A)   6,725,000    6,725,000 
California State, Housing Finance Agency, Multi-Family Housing Project, Ser B, AMT, RB, (LOC: Fannie Mae)          
0.07%, 2/1/12  (A) (B)   5,200,000    5,200,000 
California State, Infrastructure & Economic Development Bank, J Paul Getty Project, Ser A, RB          
0.05%, 2/1/12  (A)   800,000    800,000 
California State, Infrastructure & Economic Development Bank, J Paul Getty Project, Ser A2, RB          
0.05%, 2/1/12  (A)   3,275,000    3,275,000 
California State, Kindergarten Project, GO, (LOC: State Street Bank & Trust Co.)          
0.04%, 2/1/12  (A)   4,250,000    4,250,000 
California State, Municipal Finance Authority, La Sierra University Project, Ser B, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/2/12  (A)   3,200,000    3,200,000 
California State, Pollution Control Financing Authority, Pacific Gas & Electric Project, Ser C, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.11%, 2/1/12  (A)   100,000    100,000 
California State, Pollution Control Financing Authority, Pacific Gas & Electric Project, Ser E, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.04%, 2/1/12  (A)   1,600,000    1,600,000 
California State, Ser A-1, GO, (LOC: JPMorgan Chase Bank, N.A.)          
0.03%, 2/1/12  (A)   1,700,000    1,700,000 
California State, Ser A-3, GO, (LOC: Bank of Montreal)          
0.04%, 2/1/12  (A)   10,000,000    10,000,000 
California Statewide, Community Development Authority, Ser B, RB, (LOC: Wells Fargo Bank, N.A.)          
0.03%, 2/1/12  (A)   950,000    950,000 
California Statewide, Community Development Authority, Rady Childrens Hospital Project, Ser D, RB, (LOC: Bank of Montreal)          
0.03%, 2/1/12  (A)   5,000,000    5,000,000 

California Statewide, Community Development Authority, RB, (LIQ: Royal Bank of Canada)          
0.07%, 2/2/12  (A)   12,000,000    12,000,000 
Newport Beach, Ser E, RB, (LOC: Northern Trust Company)          
0.05%, 2/1/12  (A)   5,000,000    5,000,000 
Freddie Mac, Multi-Family Certificates, Ser M001, Cl A          
0.20%, 2/2/12  (A)   17,974,950    17,974,950 
Freddie Mac, Multi-Family Certificates, Ser M007, Cl A          
0.20%, 2/2/12  (A)   9,965,569    9,965,569 
Health Facilities Authority, Children's Hospital Project, Ser C, RB, (LOC: U.S. Bank N.A.)          
0.06%, 2/1/12  (A)   8,100,000    8,100,000 
Housing Finance Agency, Multi-Family Housing, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.06%, 2/1/12  (A) (B)   3,600,000    3,600,000 
Housing Finance Agency, Multi-Family Housing, Ser E, AMT, RB, (LOC: Fannie Mae)          
0.07%, 2/1/12  (A) (B)   3,000,000    3,000,000 
Infrastructure & Economic Development Bank, J Paul Getty Project, Ser A, AMT, RB, (LOC: Comerica Bank)          
0.35%, 2/2/12  (A)   805,000    805,000 
Infrastructure & Economic Development Bank, Nature Kist Snacks Project, Ser A, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.20%, 2/2/12  (A)   2,800,000    2,800,000 
Irvine, Assessment District No. 94-13, Oak Creek Special Assessment Bonds, Ser 1997, SAB, (LOC: State Street Bank & Trust Co.)          
0.06%, 2/1/12  (A)   612,000    612,000 
Lancaster, Redevelopment Agency, Cedar Creek Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.15%, 2/2/12  (A) (B)   7,400,000    7,400,000 
Los Angeles County, Metropolitan Transportation Authority, Proposition C, Ser C4, RB, (LOC: U.S. Bank N.A.)          
0.03%, 2/2/12  (A)   2,050,000    2,050,000 
Los Angeles County, Metropolitan Transportation Authority, Ser C2, RB, (LOC: U.S. Bank N.A.)          
0.03%, 2/2/12  (A)   5,000,000    5,000,000 
Los Angeles County, TECP          
0.16%, 2/6/12   6,000,000    6,000,000 
0.16%, 3/5/12   7,000,000    7,000,000 
Los Angeles, Wastewater System, Ser B, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.03%, 2/2/12  (A)   2,000,000    2,000,000 
Municipal Finance Authority, Goodwill Industries-Orange County, RB, (LOC: Wells Fargo Bank, N.A.)          
0.17%, 2/2/12  (A)   1,135,000    1,135,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM California Municipal Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
Municipal Finance Authority, La Sierra University Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/2/12  (A)  $2,400,000   $2,400,000 
Oakland-Alameda County, TECP          
0.20%, 3/19/12   10,000,000    9,999,321 
Pollution Control Financing Authority, Pacific Gas & Electric, Ser B, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.16%, 2/1/12  (A)   800,000    800,000 
Regent of the University of California          
0.12%, 3/8/12   5,000,000    5,000,000 
Regent of the University of California, TECP          
0.10%, 5/8/12   4,800,000    4,800,000 
Riverside County, Teeter Finance Authority, TECP, (LOC: Bank of Nova Scotia)          
0.16%, 2/16/12   11,200,000    11,200,000 
Sacramento County, Sanitation District Financing Authority, Ser A, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.06%, 2/1/12  (A)   4,600,000    4,600,000 
San Diego County, COP, (LOC: Northern Trust Company)          
0.08%, 2/2/12  (A)   3,250,000    3,250,000 
San Francisco City & County, Airports Commission Authority, Ser A-1, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.03%, 2/1/12  (A)   6,900,000    6,900,000 
Santa Clara County, Finance Authority, El Camino Hospital Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.06%, 2/1/12  (A)   4,600,000    4,600,000 
Santa Clara County, Finance Authority, Housing Authority Office Project, Ser A, RB, (LOC: U.S. Bank N.A.)          
0.08%, 2/2/12  (A)   1,420,000    1,420,000 
Santa Cruz County, Housing Authority, Paloma Del Mar Apartments Project, Ser A, AMT, RB, (LOC: Wells Fargo Bank, N.A.)          
0.17%, 2/1/12  (A)   7,700,000    7,700,000 
South Placer, Wastewater Authority, Ser A, RB, (LOC: State Street Bank & Trust Co.)          
0.04%, 2/2/12  (A)   10,800,000    10,800,000 
South Placer, Wastewater Authority, Ser B, RB, (LOC: U.S. Bank N.A.)          
0.04%, 2/2/12  (A)   4,800,000    4,800,000 
Statewide, Community Development Authority, Coventry Place Apartments Project, AMT, RB, (LOC: Fannie Mae)          
0.11%, 2/2/12  (A) (B)   9,600,000    9,600,000 
Statewide, Community Development Authority, John Muir Health Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.03%, 2/1/12  (A)   5,600,000    5,600,000 
Statewide, Community Development Authority, Masters College Project, RB, (LOC: U.S. Bank N.A.)          
0.05%, 2/2/12  (A)   2,605,000    2,605,000 

Statewide, Community Development Authority, Oakmont Chino Hills, Ser P, AMT, RB, (LOC: Fannie Mae)          
0.07%, 2/2/12  (A) (B)   5,000,000    5,000,000 
Statewide, Community Development Authority, Pavillion Apartments Project, Ser M, AMT, RB, (LOC: Fannie Mae)          
0.14%, 2/2/12  (A) (B)   3,600,000    3,600,000 
University of California, TECP          
0.12%, 2/15/12   10,000,000    10,000,000 
Ventura County, TECP          
0.13%, 2/16/12   13,500,000    13,500,000 
Ventura County, TECP, (LOC: Bank of Nova Scotia)          
0.16%, 2/14/12   2,000,000    2,000,000 
Whittier, Health Facilities Authority, Presbyterian Intercommunity Project, Ser A, RB, (LOC: U.S. Bank N.A.)          
0.04%, 2/1/12  (A)   1,300,000    1,300,000 
Whittier, Health Facilities Authority, Presbyterian Intercommunity Project, Ser B, RB, (LOC: U.S. Bank N.A.)          
0.04%, 2/1/12  (A)   7,500,000    7,500,000 
TOTAL MUNICIPAL OBLIGATIONS          
(Cost $305,511,840)† —  100.1%        305,511,840 
OTHER ASSETS AND LIABILITIES, NET —  (0.1)%        (231,750)
NET ASSETS — 100.0%       $305,280,090 

 

† For Federal tax purposes, the Portfolio's aggregate tax cost is equal to book cost.
(A) Security payable on demand. The rate shown, which is subject to change, is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(B) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.

 

AMT — Alternative Minimum Tax

Cl — Class

COP — Certificate of Participation

GO — General Obligation

LIQ — Liquidity Agreement

LOC — Letter of Credit

N.A. — National Association

RB — Revenue Bond

SAB — Special Assessment Bond

Ser — Series

TECP — Tax Exempt Commercial Paper

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Portfolio’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Portfolio’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM New York Municipal Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
MUNICIPAL OBLIGATIONS — 92.4%          
           
NEW YORK — 92.4%          
Albany, Industrial Development Agency, South Mall Towers Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.09%, 2/2/12  (A) (B)  $3,520,000   $3,520,000 
Connetquot, Central School District of Islip, TAN          
1.25%, 6/28/12   6,000,000    6,023,019 
Dormitory Authority, Columbia University, Ser A, RB          
0.03%, 2/1/12  (B)   6,000,000    6,000,000 
Dormitory Authority, Rockefeller University, Ser B, RB          
0.03%, 2/2/12  (B)   7,300,000    7,300,000 
Dutchess County, Industrial Development Agency, Marist College, Ser A, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.06%, 2/2/12  (B)   1,600,000    1,600,000 
Geneva, Housing Finance Authority, Depaul Community Facs., Ser A, AMT, RB, (LOC: Canandaigua National Bank & Trust Co.)          
0.12%, 2/2/12  (B)   2,130,000    2,130,000 
Housing Finance Agency, 150 East 44th Street Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.07%, 2/1/12  (A) (B)   2,000,000    2,000,000 
Housing Finance Agency, 1500 Lexington Avenue Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.08%, 2/1/12  (A) (B)   3,000,000    3,000,000 
Housing Finance Agency, 240 East 39th Street Project, AMT, RB, (LOC: Freddie Mac)          
0.06%, 2/1/12  (A) (B)   1,000,000    1,000,000 
Housing Finance Agency, 345 East 94th Street Project, Ser A, AMT, RB, (LOC: Freddie Mac)          
0.07%, 2/1/12  (A) (B)   11,700,000    11,700,000 
Housing Finance Agency, 80 Dekalb Avenue Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/1/12  (B)   6,240,000    6,240,000 
Housing Finance Agency, Bowery Place I Project, Ser A, RB, (LOC: Freddie Mac)          
0.05%, 2/1/12  (A) (B)   5,000,000    5,000,000 
Housing Finance Agency, Gethsemane Apartments Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.07%, 2/1/12  (A) (B)   1,400,000    1,400,000 
Housing Finance Agency, Gotham West Project, Ser A-2, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/1/12  (B)   1,200,000    1,200,000 
Housing Finance Agency, West 38th Street Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.07%, 2/1/12  (A) (B)   2,250,000    2,250,000 
Liberty, Development Corp., World Trade Center Project, Ser A, RB          
0.30%, 4/1/12  (B)   5,000,000    5,000,000 

Long Island Power Authority          
0.09%, 6/6/12   2,831,000    2,831,000 
Nassau County, Interim Finance Authority, Ser C, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.06%, 2/1/12  (B)   400,000    400,000 
Nassau, Health Care Corp., RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.08%, 2/3/12  (B)   5,000,000    5,000,000 
New York City, Sub-Ser I, GO, (LOC: Calsters)          
0.05%, 2/1/12  (B)   840,000    840,000 
New York City, Housing Development Corp., Atlantic Court Apartments Project, Ser A, AMT, RB, (LOC: Freddie Mac)          
0.06%, 2/1/12  (A) (B)   7,400,000    7,400,000 
New York City, Housing Development Corp., Nicole Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.06%, 2/1/12  (A) (B)   5,000,000    5,000,000 
New York City, Industrial Development Agency, MSMC Realty Corp. Project, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.05%, 2/1/12  (B)   2,490,000    2,490,000 
New York City, Industrial Development Agency, USA Waste Services, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.10%, 2/2/12  (B)   1,400,000    1,400,000 
New York City, Municipal Water Finance Authority, RB, (LIQ: Calsters/State Street Bank & Trust Co.)          
0.03%, 2/1/12  (B)   2,300,000    2,300,000 
New York City, Municipal Water Finance Authority, 2nd General Resolution Project, Ser AA-1, RB, (LIQ: State Street Bank & Trust Co./Calsters)          
0.04%, 2/1/12  (B)   1,975,000    1,975,000 
New York City, Municipal Water Finance Authority, 2nd General, Ser DD-2, RB, (LIQ: Calsters/State Street Bank & Trust Co.)          
0.03%, 2/1/12  (B)   700,000    700,000 
New York City, Municipal Water Finance Authority, Ser B-2, RB, (LIQ: Royal Bank of Canada)          
0.04%, 2/2/12  (B)   1,760,000    1,760,000 
New York City, Ser A-5, GO, (LIQ: Bank of Nova Scotia)          
0.02%, 2/1/12  (B)   4,500,000    4,500,000 
New York City, Ser F-6, GO, (LOC: JPMorgan Chase Bank, N.A.)          
0.06%, 2/1/12  (B)   800,000    800,000 
New York City, Sub-Ser L-4, GO, (LOC: U.S. Bank N.A.)          
0.03%, 2/1/12  (B)   4,700,000    4,700,000 
New York City, Transitional Finance Authority, Ser 3, RB, (LIQ: Royal Bank of Canada)          
0.05%, 2/1/12  (B)   2,550,000    2,550,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM New York Municipal Money Market Portfolio • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
New York City, Transitional Future Tax Secured, Ser A, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.06%, 2/1/12  (B)  $2,800,000   $2,800,000 
New York State, Dormitory Authority, TECP          
0.09%, 5/2/12   6,500,000    6,500,000 
New York State, Housing Finance Agency, Dekalb Ace Project, Ser B, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/1/12  (B)   7,900,000    7,900,000 
New York State, Power Authority          
0.16%, 3/15/12   6,850,000    6,850,000 
New York State, Power Authority, GO, (LIQ: JPMorgan Chase Bank, N.A., Bank of Nova Scotia, Wells Fargo Bank, N.A., State Street Bank & Trust Co., Bank of New York)          
0.19%, 3/1/12  (B)   1,685,000    1,685,000 
Thruway Authority, Personal Transportation Project, Ser A, RB          
1.50%, 3/15/12   6,000,000    6,009,558 
Triborough Bridge & Tunnel Authority, Ser B, RB, (LOC: State Street Bank & Trust Co.)          
0.04%, 2/1/12  (B)   6,340,000    6,340,000 
Triborough Bridge & Tunnel Authority, Ser B-2-REMK, RB, (LOC: Calsters)          
0.06%, 2/8/12  (B)   4,000,000    4,000,000 
TOTAL MUNICIPAL OBLIGATIONS        152,093,577 
U.S. GOVERNMENT AGENCY OBLIGATION — 7.9%          
FEDERAL HOME LOAN BANK, DISCOUNT NOTE — 7.9%          
0.07%, 6/1/12 (C)   13,000,000    12,997,160 
           
TOTAL U.S. GOVERNMENT AGENCY OBLIGATION        12,997,160 
           
TOTAL INVESTMENTS          
(Cost $165,090,737)† —  100.3%        165,090,737 
OTHER ASSETS AND LIABILITIES, NET —  (0.3)%        (435,632)
NET ASSETS — 100.0%       $164,655,105 

 

† For Federal tax purposes, the Portfolio's aggregate tax cost is equal to book cost.
(A) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.
(B) Security payable on demand. The rate shown, which is subject to change, is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(C) The rate shown is the effective yield at time of purchase.

 

AMT — Alternative Minimum Tax

GO — General Obligation

LIQ — Liquidity Agreement

LOC — Letter of Credit

N.A. — National Association

RB — Revenue Bond

Ser — Series

TAN — Tax Anticipation Note

TECP — Tax Exempt Commercial Paper

  

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Portfolio’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Portfolio’s most recent semi-annual or annual financial statements.

 

 
 

 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional Money Market Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
COMMERCIAL PAPER — 22.9%          
BANKS — 10.8%          
Australia & New Zealand Banking Group          
0.31%, 2/29/12 (A)  $2,000,000   $1,999,518 
0.63%, 9/6/12 (A)   2,000,000    1,992,370 
Bank of Montreal          
0.10%, 2/22/12   2,000,000    1,999,883 
0.11%, 3/2/12   1,000,000    999,908 
Caisse Centrale Desjardins du Quebec          
0.24%, 2/2/12 (A)   2,000,000    1,999,987 
0.12%, 2/14/12 (A)   2,000,000    1,999,913 
0.20%, 4/10/12 (A)   1,000,000    999,617 
Commonwealth Bank of Australia          
0.46%, 2/6/12 (A)   1,500,000    1,500,000 
0.22%, 4/10/12   1,000,000    999,578 
0.49%, 5/7/12 (A)   2,000,000    1,997,387 
Old Line Funding LLC          
0.25%, 5/21/12   1,000,000    999,236 
0.24%, 5/22/12 (A)   2,000,000    1,998,520 
         19,485,917 
INDUSTRIAL & OTHER COMMERCIAL PAPER — 12.1%          
General Electric Capital Corp.          
0.12%, 4/24/12   1,000,000    999,723 
0.34%, 5/1/12   2,000,000    1,998,300 
0.39%, 5/9/12   1,500,000    1,498,408 
Johnson & Johnson          
0.07%, 2/17/12 (A)   2,000,000    1,999,938 
0.08%, 3/19/12   2,000,000    1,999,791 
0.04%, 4/4/12 (A)   1,000,000    999,930 
Leland Stanford Junior University          
0.18%, 2/24/12   3,000,000    2,999,655 
Procter & Gamble Co.          
0.10%, 3/15/12 (A)   1,000,000    999,881 
0.12%, 4/12/12 (A)   1,000,000    999,763 
0.07%, 5/2/12 (A)   1,500,000    1,499,735 
Province of Quebec Canada          
0.06%, 3/6/12 (A)   1,000,000    999,943 
University of California          
0.13%, 2/15/12   1,000,000    999,949 
0.14%, 3/16/12   2,000,000    1,999,658 
Yale University          
0.13%, 2/16/12   2,000,000    1,999,892 
         21,994,566 
           
TOTAL COMMERCIAL PAPER        41,480,483 
           
MUNICIPAL OBLIGATIONS — 14.4%          
Illinois, Finance Authority, Rehab Institute Chicago Project, Ser B, RB, (LOC: JPMorgan Chase)          
0.06%, 2/2/12 (B)   1,600,000    1,600,000 
Johns Hopkins University, TECP          
0.13%, 4/3/12   3,000,000    3,000,000 
Lincoln County, Pollution Control Finance Authority, Exxon Project, Ser B, AMT, RB          
0.04%, 2/1/12 (B)   3,000,000    3,000,000 
Los Angeles County, TECP          
0.16%, 2/6/12   1,000,000    1,000,000 
Lower Neches Valley Authority, Industrial Development Corp., Exxon-Mobil Project, RB          
0.03%, 2/1/12 (B)   2,000,000    2,000,000 
Lower Neches Valley Authority, Industrial Development Corp., Exxon-Mobil Project, Ser B, AMT, RB          
0.05%, 2/1/12 (B)   1,855,000    1,855,000 
Rhode Island State, Student Loan Authority, Ser A, RB, (LOC: State Street Bank & Trust Co.)          
0.15%, 2/1/12 (B)   2,600,000    2,600,000 
Santa Clara County, Finance Authority, El Camino Hospital Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.06%, 2/1/12 (B)   300,000    300,000 
Syracuse, Industrial Development Agency, Syracuse University Project, RB, (LOC: JPMorgan Chase)          
0.04%, 2/1/12 (B)   2,500,000    2,500,000 
University of California, Ser Y-1, RB          
0.38%, 2/1/12 (C)   300,000    300,000 
University of Michigan, TECP          
0.11%, 2/7/12   3,000,000    3,000,000 
Virginia State, Small Business Financing Authority, Carilion Clinic Obligations Project, Ser B, RB, (LOC: PNC Bank N.A.)          
0.05%, 2/1/12 (B)   4,980,000    4,980,000 
           
TOTAL MUNICIPAL OBLIGATIONS        26,135,000 
           
CERTIFICATES OF DEPOSIT — 11.6%          
Australia & New Zealand Banking Group          
0.32%, 5/14/12   2,000,000    2,000,000 
Bank of Montreal, IL          
0.39%, 5/14/12   1,000,000    1,000,000 
0.47%, 8/14/12   1,000,000    1,000,054 
Bank of Nova Scotia          
0.50%, 2/1/12   400,000    400,003 
0.24%, 2/1/12   2,000,000    2,000,000 
0.91%, 3/17/12   2,000,000    2,000,000 
Canadian Imperial Bank of Commerce          
0.18%, 2/1/12   1,500,000    1,500,000 
0.34%, 2/28/12   1,000,000    1,000,000 
National Australia Bank          
0.73%, 4/10/12   1,500,000    1,500,000 
0.42%, 4/17/12   1,000,000    1,000,253 
National Bank of Canada, NY          
0.37%, 2/1/12   1,500,000    1,500,000 
0.27%, 2/1/12   1,000,000    1,000,000 
0.40%, 2/20/12   2,000,000    2,000,095 
Royal Bank of Canada, NY          
0.49%, 2/1/12   1,000,000    1,000,000 
0.32%, 2/29/12   1,000,000    1,000,000 
Westpac Banking Corp., NY          
0.60%, 4/13/12   1,000,000    1,000,000 
           
TOTAL CERTIFICATES OF DEPOSIT        20,900,405 

 

 
 

 

  

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional Money Market Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
CORPORATE OBLIGATIONS — 10.6%          
BANKS — 7.8%          
Bank of New York Mellon Corp. MTN          
4.95%, 11/1/12  $3,000,000   $3,097,361 
Commonwealth Bank of Australia MTN          
0.59%, 2/1/12 (A) (C)   2,000,000    2,001,651 
0.71%, 4/26/12 (A) (C)   500,000    500,000 
National Australia Bank MTN          
2.35%, 11/16/12 (A)   2,000,000    2,022,500 
U.S. Bank          
0.78%, 4/26/12 (C)   2,000,000    2,003,662 
Wachovia Corp. MTN          
0.68%, 3/1/12 (C)   512,000    512,073 
Westpac Banking Corp.          
1.11%, 4/23/12 (A) (C)   2,000,000    2,006,918 
2.25%, 11/19/12   2,000,000    2,021,984 
         14,166,149 
FINANCIALS — 2.8%          
Toyota Motor Credit Corp. MTN          
0.50%, 2/23/12 (C)   2,000,000    2,000,000 
Wells Fargo & Co.          
5.25%, 10/23/12   3,000,000    3,099,065 
         5,099,065 
           
TOTAL CORPORATE OBLIGATIONS        19,265,214 
           
U.S. GOVERNMENT AGENCY OBLIGATIONS — 3.3%          
FANNIE MAE — 1.2%          
0.34%, 2/1/12 (C)(D)   2,150,000    2,152,137 
           
FEDERAL FARM CREDIT BANK — 0.4%          
0.25%, 4/2/12   750,000    749,969 
           
FREDDIE MAC — 1.7%          
0.44%, 2/8/12 (C)(D)   3,000,000    2,999,977 
           
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS        5,902,083 
           
REGIONAL GOVERNMENT OBLIGATIONS — 3.1%          
Export Development Canada MTN          
2.38%, 3/19/12   1,070,000    1,073,176 
1.75%, 9/24/12   2,000,000    2,019,244 
Financement-Quebec          
5.00%, 10/25/12   1,000,000    1,032,672 
Province of Ontario Canada          
4.95%, 6/1/12   1,500,000    1,523,356 
           
TOTAL REGIONAL GOVERNMENT OBLIGATIONS        5,648,448 
           
REPURCHASE AGREEMENTS — 35.1%          
Counterparty: Bank of Nova Scotia          
0.190% dated 1/31/12, due 02/1/12          
in the amount of $15,000,079, fully collateralized by various U.S. Government obligations, coupon range 2.38%-4.60%, maturity range 1/15/25-2/17/26, value $15,300,219   15,000,000    15,000,000 
Counterparty: Barclays Capital, Inc.          
0.180% dated 1/31/12, due 02/1/12          
in the amount of $10,000,050, fully collateralized by a U.S. Treasury Note, coupon 0.63%, maturity 7/15/24, value $10,200,033   10,000,000    10,000,000 
Counterparty: Deutsche Bank Securities          
0.220% dated 1/31/12, due 02/1/12          
in the amount of $28,541,174, fully collateralized by various U.S. Government obligations, coupon range 0.00%-5.38%, maturity range 5/15/19-10/15/19, value $29,112,191   28,541,000    28,541,000 
Counterparty: RBC Capital Markets Corp.          
0.100% dated 1/31/12, due 02/1/12          
in the amount of $10,000,028, fully collateralized by a U.S. Treasury Note, coupon 1.50%, maturity 8/31/18, value $10,200,024   10,000,000    10,000,000 
TOTAL REPURCHASE AGREEMENTS        63,541,000 
           
TOTAL INVESTMENTS          
(Cost $182,872,633) † — 101.0%        182,872,633 
OTHER ASSETS AND LIABILITIES, NET — (1.0)%        (1,851,444)
NET ASSETS — 100.0%       $181,021,189 

 

† For Federal tax purposes, the Fund’s aggregate tax cost is equal to book cost.
(A) Security exempt from registration under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2012, these securities amounted to $28,517,571 or 15.75% of net assets of the Fund. These securities have been deemed liquid by the Board of Directors.
(B) Security payable on demand. The rate shown, which is subject to change, is the current rate on January 31, 2012. Date shown is the next interest reset date.
(C) Variable rate security. The rate shown is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(D) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.

  

AMT — Alternative Minimum Tax

LLC — Limited Liability Company

LOC — Letter of Credit

MTN — Medium Term Note

N.A. — National Association

RB — Revenue Bond

Ser — Series

TECP — Tax Exempt Commercial Paper

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent semi-annual or annual financial statements.

 

 
 

 

  

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional Municipal Money Market Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
MUNICIPAL OBLIGATIONS — 100.0%          
           
ALASKA — 0.9%          
Valdez, Marine Terminal, Exxon Pipeline Project, Ser C, RB          
0.07%, 2/1/12  (A)  $1,000,000   $1,000,000 
           
CALIFORNIA — 31.5%          
California State University, TECP          
0.16%, 3/1/12   2,500,000    2,500,000 
California State, Educational Facilities Authority, TECP          
0.08%, 2/17/12   2,000,000    2,000,000 
California State, Health Facilities Financing Authority, Health Facility Catholic Project, RB, (LOC: Bank of Montreal)          
0.04%, 2/1/12  (A)   3,000,000    3,000,000 
California State, Housing Finance Agency, Multi-Family Housing Project, RB, GO          
0.06%, 2/1/12  (A)   1,000,000    1,000,000 
California State, Housing Finance Agency, Multi-Family Housing Project, Ser B, AMT, RB, (LOC: Fannie Mae; Freddie Mac)          
0.08%, 2/1/12  (A)(B)   4,000,000    4,000,000 
California State, Infrastructure & Economic Development Bank, J Paul Getty Project, Ser A, RB          
0.05%, 2/1/12  (A)   600,000    600,000 
California State, Kindergarten Project, Ser A-3, GO, (LOC: State Street Bank & Trust Co.)          
0.04%, 2/1/12  (A)   4,100,000    4,100,000 
Los Angeles County, Metropolitan Transportation Authority, Proposition C, Ser C4, RB, (LOC: U.S. Bank N.A.)          
0.03%, 2/2/12  (A)   1,000,000    1,000,000 
Los Angeles County, TECP          
0.16%, 3/5/12   1,000,000    1,000,000 
Municipal Finance Authority, La Sierra University Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.05%, 2/2/12  (A)   3,600,000    3,600,000 
Oakland-Alameda County, TECP          
0.20%, 3/19/12   1,000,000    999,932 
Pollution Control Financing Authority, Pacific Gas & Electric, Ser B, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.07%, 2/1/12  (A)   3,000,000    3,000,000 
Regent of the University of California, TECP          
0.10%, 5/8/12   500,000    500,000 
San Francisco City & County, Airports Commission Authority, Ser A-1, AMT, RB, (LOC: JPMorgan Chase Bank, N.A.)          
0.03%, 2/1/12  (A)   1,000,000    1,000,000 
Statewide, Community Development Authority, John Muir Health Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.04%, 2/1/12  (A)   1,800,000    1,800,000 
University of California, TECP          
0.12%, 2/15/12   2,000,000    2,000,000 
Ventura County, TECP          
0.13%, 2/16/12   350,000    350,000 
Ventura County, TECP (LOC: Bank of Nova Scotia)          
0.16%, 2/14/12   1,500,000    1,500,000 
         33,949,932 
CONNECTICUT — 4.7%          
Connecticut State, Health & Educational Facility Authority, Yale University Project, Ser V-1, RB          
0.03%, 2/1/12  (A)   3,000,000    3,000,000 
Connecticut State, Health & Educational Facility Authority, Yale University Project, Ser Y-3, RB          
0.03%, 2/1/12  (A)   2,000,000    2,000,000 
         5,000,000 
ILLINOIS — 6.5%          
Illinois State, Education Facilities Authority, Adler Planetarium Project, RB, (LOC: PNC Bank N.A.)          
0.05%, 2/1/12  (A)   1,000,000    1,000,000 
Illinois State, Education Facilities Authority, TECP          
0.19%, 4/4/12   3,500,000    3,500,000 
Illinois State, Finance Authority, Carle Foundation Project, Ser B, RB, (LOC: Northern Trust Company)          
0.04%, 2/2/12  (A)   450,000    450,000 
Illinois State, Finance Authority, North Park University Project, RB, (LOC: JPMorgan Chase)          
0.07%, 2/1/12  (A)   2,000,000    2,000,000 
         6,950,000 
INDIANA — 1.2%          
Indiana State, Finance Authority, Parkview Health System Project, Ser C, RB, (LOC: PNC Bank N.A.)          
0.05%, 2/1/12  (A)   1,250,000    1,250,000 
           
IOWA — 0.8%          
Iowa State, Finance Authority, Corporate Center Association Project, RB, (LOC: Wells Fargo Bank, N.A.)          
0.08%, 2/2/12  (A)   895,000    895,000 
           
MARYLAND — 3.5%          
Johns Hopkins University, TECP          
0.13%, 2/2/12   1,000,000    1,000,000 
0.13%, 4/3/12   2,000,000    2,000,000 
0.12%, 4/4/12   800,000    800,000 
         3,800,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional Municipal Money Market Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
MASSACHUSETTS — 0.5%          
Massachusetts State, Ser A, TRAN          
2.00%, 4/26/12  $500,000   $502,166 
           
MICHIGAN — 4.6%          
Michigan State, Finance Authority, Ser C-3, RB, (LOC: Bank of Nova Scotia)          
2.00%, 8/20/12   1,000,000    1,009,305 
Michigan State, Housing Development Authority, Ser B, AMT, RB, (LOC: Fannie Mae)          
0.09%, 2/1/12  (A)(B)   300,000    300,000 
University of Michigan, TECP          
0.14%, 2/3/12   3,700,000    3,700,000 
         5,009,305 
NEW MEXICO — 1.4%          
New Mexico State, Finance Authority, Ser A-1, RB, (LOC: State Street Bank & Trust Co.)          
0.07%, 2/2/12  (A)   500,000    500,000 
New Mexico State, Finance Authority, Sub-Ser B-1, RB          
0.07%, 2/2/12  (A)   1,000,000    1,000,000 
         1,500,000 
NEW YORK — 14.5%          
Albany, Industrial Development Agency, South Mall Towers Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.09%, 2/2/12  (A)(B)   300,000    300,000 
Dormitory Authority, Rockefeller University, Ser B, RB          
0.03%, 2/2/12  (A)   500,000    500,000 
Housing Finance Agency, 1500 Lexington Avenue Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.08%, 2/1/12  (A)(B)   2,000,000    2,000,000 
Liberty, Development Corp., World Trade Center Project, Ser A, RB          
0.30%, 4/1/12  (A)   1,000,000    1,000,000 
New York City, Municipal Water Finance Authority, RB, (LIQ: Calsters/State Street Bank & Trust Co.)          
0.03%, 2/1/12  (A)   1,300,000    1,300,000 
New York City, Municipal Water Finance Authority, Ser B-2, RB, (LIQ: Royal Bank of Canada)          
0.04%, 2/2/12  (A)   1,000,000    1,000,000 
New York City, Ser A-5, GO, (LIQ: Bank of Nova Scotia)          
0.02%, 2/1/12  (A)   2,500,000    2,500,000 
New York City, Transitional Finance Authority, Ser 3, RB, (LIQ: Royal Bank of Canada)          
0.05%, 2/1/12  (A)   3,400,000    3,400,000 
New York State, Dormitory Authority, TECP          
0.09%, 5/2/12   2,500,000    2,500,000 
New York State, Housing Finance Agency, Union Square South Housing, AMT, RB, (LOC: Fannie Mae)          
0.08%, 2/1/12  (A)(B)   100,000    100,000 
Thruway Authority, Personal Transportation Project, Ser A, RB          
1.50%, 3/15/12   1,000,000    1,001,593 
         15,601,593 
OHIO — 1.7%          
Cuyahoga County, Metrohealth System Project, RB, (LOC: PNC Bank N.A.)          
0.06%, 2/2/12  (A)   1,800,000    1,800,000 
           
OREGON — 1.4%          
Clackamas County, Hospital Facility Authority, Legacy Health Systems, Ser B, RB, (LOC: U.S. Bank N.A.)          
0.08%, 2/1/12  (A)   1,500,000    1,500,000 
           
PENNSYLVANIA — 4.4%          
Berks County, Municipal Authority, Reading Hospital Medical Center Project, Ser A-4, RB          
0.08%, 2/2/12  (A)   1,400,000    1,400,000 
Pennsylvania State University, Ser B, RB          
0.30%, 6/1/31  (A)   2,850,000    2,850,000 
Washington County, Hospital Authority, Washington Hospital Project, Ser A, RB, (LOC: Wells Fargo Bank, N.A.)          
0.47%, 7/1/12  (A)   475,000    475,000 
         4,725,000 
TENNESSEE — 0.7%          
Hendersonville, Industrial Development Board, Windsor Park Project, RB          
0.16%, 2/1/12  (A)   800,000    800,000 
           
TEXAS — 7.6%          
Greater East Texas, Higher Education Authority, Ser B, AMT, RB, (LOC: State Street Bank & Trust Co.)          
0.08%, 2/2/12  (A)   650,000    650,000 
Harris County, TAN          
1.50%, 2/29/12   1,000,000    1,001,042 
Lower Neches Valley Authority, Industrial Development Corp., Exxon-Mobil Project, RB          
0.03%, 2/1/12  (A)   2,000,000    2,000,000 
Tarrant County, Cultural Education Facilities Finance Corp., Baylor Health Care System Project, RB, (LOC: Northern Trust Company)          
0.07%, 2/1/12  (A)   500,000    500,000 
Tarrant County, Cultural Education Facilities Finance Corp., Baylor Health Care System Project, RB, (LOC: Wells Fargo Bank, N.A.)          
0.08%, 2/1/12  (A)   400,000    400,000 
Texas A&M University, TECP          
0.08%, 4/3/12   1,500,000    1,500,000 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional Municipal Money Market Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
Texas State, Ser A, TRAN          
2.50%, 8/30/12  $2,000,000   $2,025,633 
         8,076,675 
UTAH — 1.6%          
Utah State, Housing Corp., Pointe Apartments Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.10%, 2/2/12  (A)   1,670,000    1,670,000 
           
VERMONT — 2.9%          
Vermont State, Student Assistance Authority, Ser B-1, AMT, RB, (LOC: Bank of New York/Mellon)          
0.09%, 2/2/12  (A)   3,100,000    3,100,000 
           
VIRGINIA — 4.0%          
Norfolk, Economic Development Authority, Sentara Healthcare Project, Ser A, RB          
0.41%, 11/1/34  (A)   500,000    500,000 
Norfolk, Industrial Development Authority, TECP          
0.14%, 2/6/12   1,500,000    1,500,000 
0.10%, 6/7/12   2,000,000    2,000,000 
Suffolk, Redevelopment & Housing Authority, Oak Springs Apartments, RB, (LOC: Freddie Mac)          
0.16%, 2/1/12  (A)(B)   200,000    200,000 
         4,200,000 
WASHINGTON — 1.9%          
Washington State, Economic Development Finance Authority, Seadrunar Project, Ser E, RB          
0.09%, 2/2/12  (A)   690,000    690,000 
Washington State, Housing Finance Commission, Boardwalk Apartments Project, Ser A, AMT, RB, (LOC: Fannie Mae)          
0.12%, 2/2/12  (A)(B)   600,000    600,000 
Washington State, Housing Finance Commission, Lake Wash Apartment Project, AMT, RB, (LOC: U.S. Bank N.A.)          
0.12%, 2/1/12  (A)   800,000    800,000 
         2,090,000 
WISCONSIN — 0.9%          
Wisconsin State, TECP, (LIQ: Calsters/ State St.)          
0.17%, 2/1/12   1,000,000    1,000,000 
           
WYOMING — 2.8%          
County of Lincoln, Pacificorp. Project, RB, (LOC: Exxon)          
0.08%, 2/1/12  (A)   1,000,000    1,000,000 
Lincoln County, Pollution Control Finance Authority, Exxon Project, Ser A, AMT, RB          
0.04%, 2/1/12  (A)   2,000,000    2,000,000 
         3,000,000 
           
TOTAL MUNICIPAL OBLIGATIONS        107,419,671 
           
TOTAL INVESTMENTS          
(Cost $107,419,671 ) † — 100.0%        107,419,671 
OTHER ASSETS AND LIABILITIES, NET — 0.0%        (10,764)
NET ASSETS — 100.0%       $107,408,907 

 

† For Federal tax purposes, the Fund’s aggregate tax cost is equal to book cost.
(A) Security payable on demand. The rate shown, which is subject to change, is the current rate on January 31, 2012. Date shown is the next interest reset date.
(B) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.

 

AMT — Alternative Minimum Tax

GO — General Obligation

LIQ — Liquidity Agreement

LOC — Letter of Credit

N.A. — National Association

RB — Revenue Bond

Ser — Series

TAN — Tax Anticipation Note

TECP — Tax Exempt Commercial Paper

TRAN — Tax & Revenue Anticipation Note

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional U.S. Government Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
U.S. GOVERNMENT AGENCY OBLIGATIONS — 68.7%          
FANNIE MAE — 7.9%          
0.34%, 2/1/12 (A) (B)  $10,000,000   $10,009,938 
0.32%, 2/17/12 (A) (B)   22,330,000    22,344,235 
0.30%, 2/23/12 (A) (B)   8,900,000    8,913,563 
0.27%, 2/26/12 (A) (B)   10,000,000    10,005,729 
6.13%, 3/15/12 (A)   25,000,000    25,179,992 
         76,453,457 
FANNIE MAE, DISCOUNT NOTE — 7.7%          
0.10%, 2/13/12 (A) (C)   25,000,000    24,999,167 
0.09%, 4/4/12 (A) (C)   25,000,000    24,996,062 
0.06%, 5/30/12 (A) (C)   25,000,000    24,995,042 
         74,990,271 
FEDERAL FARM CREDIT BANK — 15.7%          
0.28%, 2/1/12 (B)   15,000,000    15,012,726 
0.26%, 2/1/12 (B)   10,000,000    10,004,924 
0.21%, 2/1/12 (B)   25,000,000    25,003,193 
0.19%, 2/1/12 (B)   25,000,000    24,998,395 
0.12%, 2/7/12 (B)   25,000,000    25,000,000 
0.10%, 2/7/12 (B)   30,000,000    29,995,926 
0.23%, 2/22/12 (B)   5,000,000    4,999,713 
0.46%, 2/27/12 (B)   5,300,000    5,308,578 
0.17%, 2/29/12 (B)   12,500,000    12,499,623 
         152,823,078 
FEDERAL HOME LOAN BANK — 8.5%          
0.19%, 2/1/12 (B)   5,000,000    5,000,000 
0.30%, 4/4/12   36,700,000    36,714,465 
5.75%, 5/15/12   25,000,000    25,404,771 
0.08%, 5/29/12   15,000,000    14,998,481 
         82,117,717 
FEDERAL HOME LOAN BANK, DISCOUNT NOTE — 4.6%          
0.12%, 2/17/12 (C)   19,100,000    19,098,981 
0.02%, 3/30/12 (C)   25,000,000    24,999,396 
         44,098,377 
FREDDIE MAC — 14.8%          
0.23%, 2/1/12 (A) (B)   37,150,000    37,159,408 
0.23%, 2/3/12 (A) (B)   25,000,000    25,004,211 
0.44%, 2/8/12 (A) (B)   10,000,000    9,999,924 
0.26%, 2/10/12 (A) (B)   14,900,000    14,903,992 
2.13%, 3/23/12 (A)   16,542,000    16,589,929 
5.13%, 7/15/12 (A)   14,000,000    14,317,248 
1.13%, 7/27/12 (A)   25,000,000    25,120,479 
         143,095,191 
FREDDIE MAC, DISCOUNT NOTE — 9.5%          
0.15%, 3/20/12 (A) (C)   35,000,000    34,993,000 
0.11%, 4/2/12 (A) (C)   25,000,000    24,995,340 
0.07%, 6/4/12 (A) (C)   20,000,000    19,995,522 
0.06%, 6/22/12 (A) (C)   12,500,000    12,497,042 
         92,480,904 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS        666,058,995 
           
U.S. TREASURY OBLIGATIONS — 5.4%          
U.S. Treasury Bills          
0.03%, 6/7/12 (C)   17,500,000    17,498,148 
U.S. Treasury Note          
1.38%, 2/15/12   25,000,000    25,012,606 
0.63%, 6/30/12   10,000,000    10,021,021 
         35,033,627 
TOTAL U.S. TREASURY OBLIGATIONS        52,531,775 

 

REPURCHASE AGREEMENTS — 25.8%          
Counterparty: Bank of Nova Scotia          
0.190% dated 1/31/12, due 02/1/12          
in the amount of $65,000,343, fully collateralized by a $64,837,000 FNMA, coupon rate 4.60%, maturity 2/17/26, value $66,300,731  65,000,000   65,000,000 
Counterparty: Barclays Capital, Inc.          
0.180% dated 1/31/12, due 02/1/12          
in the amount of $25,000,125, fully collateralized by a $25,266,200 U.S. Treasury obligation, coupon rate 0.63%, maturity 7/15/14, value $25,500,032   25,000,000    25,000,000 
Counterparty: Deutsche Bank Securities          
0.220% dated 1/31/12, due 02/1/12          
in the amount of $59,478,363, fully collateralized by various U.S. Treasury obligations, coupon range 0.00%-5.05%, maturity range 7/25/12-1/26/15, value $60,668,311   59,478,000    59,478,000 
Counterparty: RBC Capital Markets Corp.          
0.100% dated 1/31/12, due 02/1/12          
in the amount of $100,000,278, fully collateralized by a $100,788,600 U.S. Treasury obligation, coupon rate 1.38%, maturity 11/30/18, value $102,000,002   100,000,000    100,000,000 
TOTAL REPURCHASE AGREEMENTS        249,478,000 
           
TOTAL INVESTMENTS          
(Cost $968,068,770) † — 99.9%        968,068,770 
OTHER ASSETS AND LIABILITIES, NET — 0.1%        1,119,101 
NET ASSETS — 100.0%       $969,187,871 

 

† For Federal tax purposes, the Fund’s aggregate tax cost is equal to book cost.
(A) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.
(B) Variable rate security. The rate shown is the current rate on January 31, 2012. Date shown represents the next interest reset date.
(C) The rate shown is the effective yield at time of purchase.

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent semi-annual or annual financial statements.

 

 
 

  

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Institutional Treasury Obligations Money Market Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
U.S. TREASURY OBLIGATIONS — 53.5%          
U.S. Treasury Bills          
0.01%, 2/2/12 (A)  $10,000,000   $9,999,998 
0.01%, 2/9/12 (A)   10,000,000    9,999,989 
0.01%, 2/16/12 (A)   10,000,000    9,999,956 
0.02%, 2/23/12 (A)   10,000,000    9,999,881 
0.02%, 3/1/12 (A)   10,000,000    9,999,879 
0.06%, 3/8/12 (A)   15,000,000    14,999,145 
0.00%, 3/15/12 (A)   10,000,000    9,999,946 
0.02%, 3/22/12 (A)   10,000,000    9,999,660 
0.03%, 3/29/12 (A)   10,000,000    9,999,612 
0.01%, 4/5/12 (A)   20,000,000    19,999,822 
0.04%, 4/12/12 (A)   10,000,000    9,999,290 
0.01%, 4/19/12 (A)   10,000,000    9,999,903 
0.04%, 4/26/12 (A)   10,000,000    9,999,162 
0.04%, 5/3/12 (A)   10,000,000    9,998,978 
0.04%, 5/10/12 (A)   10,000,000    9,998,900 
0.00%, 5/17/12 (A)   10,000,000    9,998,528 
0.00%, 5/24/12 (A)   10,000,000    9,998,258 
0.03%, 6/7/12 (A)   15,000,000    14,998,412 
0.05%, 6/14/12 (A)   20,000,000    19,996,110 
0.06%, 6/28/12 (A)   10,000,000    9,997,533 
         229,982,962 
U.S. Treasury Notes          
1.00%, 3/31/12   15,000,000    15,022,017 
1.38%, 4/15/12   20,000,000    20,052,937 
1.00%, 4/30/12   10,000,000    10,022,440 
1.38%, 5/15/12   10,000,000    10,037,182 
4.75%, 5/31/12   10,000,000    10,152,399 
         65,286,975 
           
TOTAL U.S. TREASURY OBLIGATIONS        295,269,937 
           
REPURCHASE AGREEMENTS — 50.0%          
Counterparty: Bank of Nova Scotia          
0.170% dated 1/31/12, due 02/1/12          
in the amount of $65,000,307, fully collateralized by a $58,708,800 U.S. Treasury obligation, coupon rate 4.00%, maturity 2/15/15, value $66,300,409   65,000,000    65,000,000 
Counterparty: Barclays Capital, Inc.          
0.180% dated 1/31/12, due 02/1/12          
in the amount of $81,421,407, fully collateralized by a $83,137,100 U.S. Treasury obligation, coupon rate 0.00%, maturity 1/10/13, value $83,049,473   81,421,000    81,421,000 
Counterparty: RBC Capital Markets Corp.          
0.100% dated 1/31/12, due 02/1/12          
in the amount of $65,000,181, fully collateralized by a $63,952,400 U.S. Treasury obligation, coupon rate 1.38%, maturity 11/30/15, value $66,300,044   65,000,000    65,000,000 
Counterparty: Deutsche Bank Securities          
0.200% dated 1/31/12, due 02/1/12          
in the amount of $65,000,361, fully collateralized by various U.S. Treasury obligations, coupon range 0.00%-6.75%, maturity range 5/15/12-4/15/32, value $66,300,004   65,000,000    65,000,000 
           
TOTAL REPURCHASE AGREEMENTS        276,421,000 
           
TOTAL INVESTMENTS          
(Cost $571,690,937) † — 103.5%        571,690,937 
           
OTHER ASSETS AND LIABILITIES, NET — (3.5)%        (19,307,936)
NET ASSETS — 100.0%       $552,383,001 

 

† For Federal tax purposes, the Fund’s aggregate tax cost is equal to book cost.
(A) The rate shown is the effective yield at time of purchase.

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Short-Term Investment Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
CORPORATE OBLIGATIONS ‡ — 69.3%          
           
BANKS — 30.5%          
Australia & New Zealand Banking Group Ltd.          
2.40%, 1/11/13 (A)  $100,000   $100,796 
Bank of Montreal          
2.13%, 6/28/13   300,000    305,664 
Bank of New York Mellon Corp. MTN          
5.13%, 8/27/13   41,000    43,676 
5.00%, 3/23/12   20,000    20,131 
4.95%, 11/1/12   123,000    127,105 
Bank of Nova Scotia          
2.38%, 12/17/13   28,000    28,908 
2.25%, 1/22/13   220,000    223,682 
Northern Trust Corp.          
5.50%, 8/15/13   30,000    32,111 
5.20%, 11/9/12   59,000    61,031 
US Bancorp MTN          
2.00%, 6/14/13   300,000    305,947 
Wells Fargo & Co.          
4.38%, 1/31/13   300,000    311,194 
Westpac Banking Corp.          
2.25%, 11/19/12   300,000    303,772 
         1,864,017 
CONSUMER STAPLES — 9.0%          
Colgate-Palmolive Co. MTN          
5.98%, 4/25/12   156,000    157,923 
4.20%, 5/15/13   140,000    146,767 
Wal-Mart Stores Inc.          
5.00%, 4/5/12   240,000    241,905 
         546,595 
ENERGY — 4.9%          
Shell International Finance BV          
4.95%, 3/22/12   137,000    137,862 
1.88%, 3/25/13   160,000    162,897 
         300,759 
FINANCIALS — 14.4%          
General Electric Capital Corp. MTN          
4.38%, 3/3/12   195,000    195,539 
3.50%, 8/13/12   88,000    89,350 
John Deere Capital Corp. MTN          
2.88%, 6/19/12   100,000    101,063 
JPMorgan Chase & Co.          
4.75%, 5/1/13   87,000    91,297 
4.65%, 6/1/14   96,000    102,984 
Toyota Motor Credit Corp. MTN          
1.90%, 12/5/12   295,000    298,628 
         878,861 
HEALTH CARE — 10.5%          
Abbott Laboratories          
5.15%, 11/30/12   300,000    311,562 
AstraZeneca          
5.40%, 9/15/12   256,000    263,996 
Wyeth          
5.50%, 3/15/13   65,000    68,487 
         644,045 
TOTAL CORPORATE OBLIGATIONS        4,234,277 
           
U.S. TREASURY OBLIGATIONS — 12.2%          
U.S. Treasury Bills          
0.17%, 7/26/12 (B)   250,000    249,902 
0.16%, 6/28/12 to 5/31/12 (B)   500,000    499,874 
TOTAL U.S. TREASURY OBLIGATIONS        749,776 
           
U.S. GOVERNMENT AGENCY OBLIGATIONS — 6.8%          
FEDERAL FARM CREDIT BANK — 3.4%          
5.13%, 8/28/13   24,000    25,805 
5.05%, 11/25/13   15,000    16,267 
4.95%, 4/7/14   25,000    27,489 
4.90%, 4/29/14   25,000    27,526 
4.71%, 10/18/13   30,000    32,242 
4.40%, 4/25/12   10,000    10,100 
4.30%, 3/12/14   25,000    27,072 
4.15%, 5/15/13   10,000    10,497 
3.88%, 7/8/13   15,000    15,765 
3.30%, 2/13/12   15,000    15,016 
         207,779 
FEDERAL HOME LOAN BANK — 2.9%          
3.50%, 2/13/12   10,000    10,011 
2.85%, 3/27/14   15,000    15,787 
2.55%, 1/23/13   50,000    50,906 
1.26%, 7/12/12   100,000    100,514 
         177,218 
TENNESSEE VALLEY AUTHORITY — 0.5%          
6.79%, 5/23/12   30,000    30,624 
           
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS        415,621 
           
REPURCHASE AGREEMENT — 14.9%          
Counterparty: Deutsche Bank Securities          
0.220% dated 1/31/12, due 02/1/12          
in the amount of $910,006, fully collateralized by a $903,000 FFCB, coupon rate 1.50%, maturity 11/16/15, value $928,731   910,000    910,000 
           
TOTAL REPURCHASE AGREEMENT        910,000 
           
TOTAL INVESTMENTS          
(Cost $6,299,972) † — 103.2%        6,309,674 
OTHER ASSETS AND LIABILITIES, NET — (3.2)%        (198,602)
NET ASSETS — 100.0%       $6,111,072 

 

† At January 31, 2012, the tax basis cost of the Fund's investments was $6,299,972 and the unrealized appreciation and depreciation were $10,532 and $(830), respectively.
(A) Security exempt from registration under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2012, these securities amounted to $100,796 or 1.65% of net assets of the Fund. These securities have been deemed liquid by the Board of Directors.
(B) The rate shown is the effective yield at time of purchase.
‡ More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

 

MTN — Medium Term Note

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent semi-annual or annual financial statements.

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Short-Term Bond Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
CORPORATE OBLIGATIONS — 63.6%          
           
BANKS — 20.3%          
Bank of America Corp.          
7.38%, 5/15/14  $854,000   $921,481 
4.88%, 9/15/12   1,302,000    1,326,414 
Bank of New York Mellon Corp. MTN          
4.95%, 11/1/12   750,000    775,028 
Bank of Nova Scotia          
2.25%, 1/22/13   250,000    254,184 
2.15%, 8/3/16 (A)   500,000    513,409 
Barclays Bank          
5.45%, 9/12/12   514,000    526,255 
Canadian Imperial Bank of Commerce          
2.00%, 2/4/13 (A)   1,000,000    1,014,234 
Commonwealth Bank of Australia MTN          
3.75%, 10/15/14 (A)   1,000,000    1,041,220 
Cooperatieve Centrale Raiffeisen-Boerenleenbank          
2.65%, 8/17/12 (A)   500,000    505,033 
Deutsche Bank MTN          
4.88%, 5/20/13   408,000    422,301 
JPMorgan Chase & Co.          
5.38%, 10/1/12   750,000    774,122 
Nordea Bank          
1.75%, 10/4/13 (A)   500,000    496,207 
Royal Bank of Canada MTN          
1.13%, 1/15/14   1,250,000    1,258,110 
U. S. Bancorp MTN          
1.38%, 9/13/13   1,075,000    1,083,681 
Wells Fargo & Co.          
4.38%, 1/31/13   500,000    518,656 
         11,430,335 
CONSUMER DISCRETIONARY — 7.6%          
Anheuser-Busch Worldwide Inc.          
2.50%, 3/26/13   1,000,000    1,018,226 
Bottling Group          
4.63%, 11/15/12   750,000    774,361 
Comcast Cable Communications          
7.13%, 6/15/13   900,000    974,637 
Comcast Corp.          
6.50%, 1/15/15   165,000    189,141 
Diageo Capital          
5.20%, 1/30/13   500,000    523,558 
Home Depot Inc.          
5.25%, 12/16/13   750,000    815,186 
         4,295,109 
CONSUMER STAPLES — 4.4%          
Coca-Cola Co.          
0.75%, 11/15/13   500,000    503,383 
CVS Caremark Corp.          
4.88%, 9/15/14   517,000    567,636 
Kraft Foods Inc.          
6.25%, 6/1/12   95,000    96,639 
2.63%, 5/8/13   500,000    509,736 
PepsiCo Inc.          
3.75%, 3/1/14   750,000    796,198 
         2,473,592 
ENERGY — 9.9%          
Apache Corp.          
6.25%, 4/15/12   780,000    788,706 
Canadian Natural Resources          
5.45%, 10/1/12   500,000    514,909 
5.15%, 2/1/13   250,000    260,297 
ConocoPhillips          
4.75%, 10/15/12   1,100,000    1,133,653 
Husky Energy Inc.          
5.90%, 6/15/14   200,000    219,356 
Kinder Morgan Energy Partners          
5.13%, 11/15/14   250,000    269,925 
5.00%, 12/15/13   500,000    528,955 
Nova Gas Transmission          
8.50%, 12/15/12   335,000    357,107 
TransCanada PipeLines          
8.63%, 5/15/12   1,105,000    1,130,691 
3.40%, 6/1/15   350,000    371,585 
         5,575,184 
FINANCIALS — 10.7%          
Caterpillar Financial Services Corp. MTN          
6.20%, 9/30/13   381,000    415,425 
1.55%, 12/20/13   525,000    533,925 
Daimler Finance N.A.          
6.50%, 11/15/13   1,025,000    1,113,511 
ERP Operating          
6.63%, 3/15/12 ‡   725,000    729,959 
General Electric Capital Corp. MTN          
1.20%, 2/11/12 (B)   1,600,000    1,575,882 
0.68%, 2/1/12 (B)   350,000    350,208 
John Deere Capital Corp. MTN          
1.88%, 6/17/13   500,000    508,773 
Metropolitan Life Global Funding I          
2.88%, 9/17/12 (A)   800,000    810,230 
         6,037,913 
HEALTH CARE — 0.4%          
Johnson & Johnson          
1.20%, 5/15/14   250,000    254,432 
           
INDUSTRIAL — 2.8%          
General Dynamics Corp.          
1.38%, 1/15/15   510,000    516,126 
Raytheon Co.          
1.63%, 10/15/15   146,000    148,782 
Union Pacific Corp.          
5.45%, 1/31/13   495,000    518,626 
5.13%, 2/15/14   350,000    377,814 
         1,561,348 
TELECOMMUNICATION SERVICES — 1.5%          
AT&T Inc.          
4.95%, 1/15/13   500,000    521,021 
Rogers Communications Inc.          
6.25%, 6/15/13   300,000    319,469 
         840,490 

 

 
 

 

 

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Short-Term Bond Fund • Schedule of Investments

January 31, 2012 (Unaudited)

 

DESCRIPTION  PRINCIPAL
AMOUNT		   VALUE 
UTILITIES — 6.0%          
Consolidated Edison Co. of New York Inc.          
4.88%, 2/1/13  $750,000   $780,831 
3.85%, 6/15/13   511,000    529,161 
Duke Energy Carolinas LLC          
5.75%, 11/15/13   500,000    542,620 
5.63%, 11/30/12   247,000    257,157 
Pacific Gas & Electric Co.          
6.25%, 12/1/13   500,000    548,676 
Virginia Electric and Power Co.          
5.10%, 11/30/12   692,000    717,178 
         3,375,623 
           
TOTAL CORPORATE OBLIGATIONS        35,844,026 
           
U.S. GOVERNMENT MORTGAGE BACKED OBLIGATIONS — 15.4%          
FANNIE MAE, MBS POOLS — 8.6%          
12.00%, 8/1/16 to 3/1/17 (C)   35,613    38,692 
10.00%, 2/1/25 (C)   14,054    16,234 
9.50%, 8/1/22 (C)   8,650    9,904 
9.00%, 6/1/15 (C)   5,566    5,605 
8.50%, 9/1/15 (C)   44,662    48,626 
8.00%, 4/1/15 to 1/1/16 (C)   184,268    197,896 
7.50%, 7/1/13 to 3/1/31 (C)   118,870    125,838 
7.00%, 11/1/14 to 7/1/31 (C)   302,289    329,938 
6.50%, 1/1/13 to 11/1/17 (C)   202,176    219,155 
6.00%, 4/1/14 to 9/1/24 (C)   1,070,738    1,153,693 
5.50%, 6/1/18 to 6/1/24 (C)   1,553,122    1,690,541 
5.00%, 3/1/23 (C)   42,967    46,322 
4.50%, 5/1/18 to 1/1/19 (C)   691,616    742,004 
4.00%, 5/1/23 (C)   216,960    230,500 
         4,854,948 
FREDDIE MAC, MBS POOLS — 2.6%          
12.00%, 7/1/20 (C)   7,186    7,907 
9.00%, 6/1/16 (C)   6,609    7,315 
8.00%, 5/1/15 to 2/1/17 (C)   52,362    56,541 
7.00%, 12/1/14 to 3/1/16 (C)   53,915    57,010 
6.50%, 7/1/14 to 2/1/19 (C)   74,726    81,402 
6.00%, 8/1/24 (C)   65,838    70,860 
5.50%, 4/1/13 to 1/1/21 (C)   838,814    915,595 
5.00%, 10/1/23 (C)   156,094    168,429 
4.50%, 1/1/25 (C)   94,803    100,943 
         1,466,002 
GINNIE MAE, MBS POOLS — 4.2%          
8.00%, 10/15/25   38,897    40,403 
7.50%, 9/15/13   513    513 
7.00%, 12/15/23 to 12/15/38   1,017,453    1,143,554 
6.50%, 10/15/13 to 7/15/29   106,481    117,047 
6.00%, 2/15/14 to 2/15/32   958,204    1,048,359 
5.50%, 6/15/14   19,436    21,209 
         2,371,085 
           
TOTAL U.S. GOVERNMENT MORTGAGE BACKED OBLIGATIONS        8,692,035 
           
U.S. TREASURY OBLIGATIONS — 10.5%          
U.S. Treasury Inflation Indexed Bonds          
2.00%, 7/15/14   240,036    261,452 

U.S. Treasury Note          
1.38%, 11/30/15  2,450,000   2,535,559 
1.00%, 5/15/14 to 8/31/16   1,750,000    1,780,331 
0.50%, 10/15/14   1,325,000    1,332,868 
         5,648,758 
           
TOTAL U.S. TREASURY OBLIGATIONS        5,910,210 
           
REGIONAL GOVERNMENT OBLIGATIONS — 8.4%          
Province of Manitoba Canada          
2.63%, 7/15/15   700,000    738,665 
Province of New Brunswick Canada          
6.75%, 8/15/13   1,000,000    1,090,960 
Province of Nova Scotia Canada          
2.38%, 7/21/15   1,000,000    1,048,242 
Province of Ontario Canada          
3.50%, 7/15/13   500,000    520,032 
1.88%, 11/19/12   750,000    758,260 
Province of Quebec Canada          
4.60%, 5/26/15   500,000    560,090 
           
TOTAL REGIONAL GOVERNMENT OBLIGATIONS        4,716,249 
           
CERTIFICATE OF DEPOSIT — 0.4%          
Bank of Nova Scotia          
0.78%, 3/5/12   250,000    249,974 
           
TOTAL CERTIFICATE OF DEPOSIT        249,974 
           
REPURCHASE AGREEMENT — 1.1%          
Counterparty: Deutsche Bank Securities          
0.220% dated 1/31/12, due 02/1/12          
in the amount of $608,004, fully collateralized by a $603,000 FFCB, coupon rate 1.50%, maturity 11/16/15, value $620,182   608,000    608,000 
           
TOTAL REPURCHASE AGREEMENT        608,000 
           
TOTAL INVESTMENTS          
(Cost $55,436,952 ) † — 99.4%        56,020,494 
OTHER ASSETS AND LIABILITIES, NET — 0.6%        339,642 
NET ASSETS — 100.0%       $56,360,136 

 

† At January 31, 2012, the tax basis cost of the Fund's investments was $55,436,952 and the unrealized appreciation and depreciation were $618,935 and $(35,393), respectively.
(A) Security exempt from registration under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of January 31, 2012, these securities amounted to $4,380,333 or 7.77% of net assets of the Fund. These securities have been deemed liquid by the Board of Directors.
(B) Variable rate security. The rate shown is the current rate on January 31, 2012. Date shown represents the final maturity date.
(C) The Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship with FHFA as the conservator. The conservatorship is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations.
   

 ‡

 Real Estate Investment Trust

 

LLC — Limited Liability Company

MTN — Medium Term Note

MBS— Mortgage Backed Security

N.A. — National Association

 

As of January 31, 2012, all the investments are classified as Level 2. For the period ended January 31, 2012, there have been no transfers between Level 1 and Level 2 assets and liabilities.

 

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent semi-annual or annual financial statements.

 

 
 

 

 

Item 2. Controls and Procedures.

 

(a)Disclose the conclusions of the registrant's principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, that those disclosure controls and procedures provide reasonable assurance that information required to be disclosed by the registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

 

(b)Disclose any change in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

 

There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). Certifications pursuant to Rule 30a-2(a) are attached hereto.

 

 
 

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant) TD Asset Management USA Funds Inc.

 

By (Signature and Title)* /s/ Kevin LeBlanc, President

 

Date: March 20, 2012

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)* /s/ Kevin LeBlanc, President

 

Date: March 20, 2012

 

By (Signature and Title)* /s/ Eric Kleinschmidt, Treasurer

 

Date: March 20, 2012

 

* Print the name and title of each signing officer under his or her signature.