Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

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)

399 Park Avenue, 32 ^nd Floor, New York, NY 10022
(Address of principal executive offices)	(Zip code)

Kevin LeBlanc, President, TD Asset Management USA Funds Inc.,399 Park Avenue, 32 ^nd Floor, New York, NY 10022

(Name and address of agent for service)

Registrant’s telephone number, including area code:_ 212-827-7061

Date of fiscal year end: January 31, 2014

Date of reporting period: April 30, 2013

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 Core Bond Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION		PRINCIPAL AMOUNT		VALUE
CORPORATE OBLIGATIONS — 36.1%
BANKS — 14.2%
Australia & New Zealand Banking Group
0.90%, 2/12/16	$	100,000	$	100,444
Bank of America MTN
3.30%, 1/11/23		60,000		60,770
2.00%, 1/11/18		200,000		200,640
Bank of Montreal MTN
1.40%, 9/11/17		50,000		50,194
Bank of Nova Scotia
4.38%, 1/13/21		45,000		51,806
BB&T MTN
1.60%, 8/15/17		40,000		40,541
Citigroup
3.38%, 3/1/23		60,000		62,134
Commonwealth Bank of Australia NY
1.25%, 9/18/15		100,000		101,205
JPMorgan Chase
3.20%, 1/25/23		65,000		66,613
3.15%, 7/5/16		70,000		74,420
1.80%, 1/25/18		90,000		91,153
PNC Funding
3.30%, 3/8/22		35,000		36,781
2.70%, 9/19/16		70,000		73,922
Royal Bank of Canada MTN
1.15%, 3/13/15		100,000		101,238
US Bancorp MTN
1.65%, 5/15/17		50,000		51,201
Wells Fargo MTN
3.50%, 3/8/22		50,000		53,637
1.50%, 1/16/18		115,000		115,427
Westpac Banking
0.95%, 1/12/16		100,000		100,804
				1,432,930
CONSUMER DISCRETIONARY — 1.8%
Comcast
5.90%, 3/15/16		85,000		97,161
2.85%, 1/15/23		55,000		56,576
Discovery Communications
3.25%, 4/1/23		30,000		31,227
				184,964
CONSUMER STAPLES — 3.3%
Anheuser-Busch InBev Worldwide
1.38%, 7/15/17		50,000		50,670
CVS Caremark
5.75%, 6/1/17		80,000		94,590
2.75%, 12/1/22		35,000		35,273
Diageo Capital PLC
1.50%, 5/11/17		75,000		76,451
PepsiCo
1.25%, 8/13/17		50,000		50,359
SABMiller Holdings
3.75%, 1/15/22 (A)		25,000		27,337
				334,680
ENERGY — 4.7%
ConocoPhillips
4.60%, 1/15/15		100,000		106,894
Enterprise Products Operating
6.30%, 9/15/17		25,000		30,085
3.35%, 3/15/23		40,000		41,758
Kinder Morgan Energy Partners
3.50%, 3/1/16		110,000		117,558
Occidental Petroleum
1.75%, 2/15/17		120,000		123,794
Phillips 66
2.95%, 5/1/17		50,000		53,225
				473,314
FINANCIALS — 7.9%
AvalonBay Communities
2.95%, 9/15/22 ‡		25,000		25,290
Berkshire Hathaway
0.80%, 2/11/16		100,000		100,747
Burlington Northern Santa Fe
5.75%, 3/15/18		80,000		96,198
Caterpillar Financial Services
2.05%, 8/1/16		75,000		77,977
ERP Operating
5.13%, 3/15/16 ‡		45,000		50,154
4.63%, 12/15/21 ‡		40,000		45,652
General Electric Capital MTN
3.15%, 9/7/22		25,000		25,415
1.60%, 11/20/17		150,000		151,861
1.04%, 8/11/15 (B)		100,000		100,789
Simon Property Group
1.50%, 2/1/18 ‡ (A)		75,000		75,266
Toyota Motor Credit MTN
1.75%, 5/22/17		50,000		51,389
				800,738
INDUSTRIALS — 1.1%
Eaton Corp.
1.50%, 11/2/17 (A)		50,000		50,309
Union Pacific
4.16%, 7/15/22		55,000		62,744
				113,053
INFORMATION TECHNOLOGY — 0.6%
Oracle
1.20%, 10/15/17		60,000		60,369
TELECOMMUNICATION SERVICES — 2.5%
AT&T
1.40%, 12/1/17		50,000		50,226
0.88%, 2/13/15		100,000		100,413
Verizon Communications
0.70%, 11/2/15		100,000		99,701
				250,340
TOTAL CORPORATE OBLIGATIONS				3,650,388

U.S. GOVERNMENT MORTGAGE BACKED OBLIGATIONS — 28.5%
FANNIE MAE (C)— 12.8%
6.00%, 10/1/38		185,417		206,747
5.50%, 2/1/38		194,459		211,493
4.50%, 10/1/41		277,184		299,464
4.00%, 12/1/40		538,524		576,594
				1,294,298
FREDDIE MAC (C) — 11.9%
5.00%, 8/1/35		520,079		560,274
4.00%, 6/1/25		276,898		293,910
3.50%, 1/1/41		334,639		356,094
				1,210,278

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Core Bond Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	PRINCIPAL AMOUNT/SHARES		VALUE
GINNIE MAE — 3.8%
5.50%, 4/15/35	$	201,400	$	221,188
4.50%, 10/15/40		145,244		159,060
				380,248
TOTAL U.S. GOVERNMENT MORTGAGE BACKED OBLIGATIONS				2,884,824

U.S. TREASURY OBLIGATIONS — 22.8%
U.S. Treasury Bonds
5.38%, 2/15/31		441,000		630,216
5.00%, 5/15/37		216,000		304,864
2.75%, 11/15/42		65,000		63,050
				998,130
U.S. Treasury Inflation-Protected Security
0.13%, 4/15/17		99,150		105,564
U.S. Treasury Notes
2.63%, 8/15/20		165,000		182,029
2.13%, 5/31/15		171,000		177,720
1.75%, 5/15/22		35,000		35,626
1.63%, 8/15/22		175,000		175,506
1.38%, 11/30/18		517,000		533,641
0.88%, 12/31/16		100,000		101,617
				1,206,139
TOTAL U.S. TREASURY OBLIGATIONS				2,309,833

REGISTERED INVESTMENT COMPANIES — 9.7%
iShares 10+ Year Credit Bond Fund ETF		3,100		194,215
iShares Barclays Credit Bond ETF		2,540		290,500
iShares Barclays Intermediate ETF		4,390		490,626

TOTAL REGISTERED INVESTMENT COMPANIES				975,341
U.S. GOVERNMENT AGENCY OBLIGATION — 0.8%
FREDDIE MAC — 0.8%
2.38%, 1/13/22 (C)		80,000		84,117
TOTAL U.S. GOVERNMENT AGENCY OBLIGATION

TOTAL INVESTMENTS
(Cost $9,815,028) † — 97.9%				9,904,503
OTHER ASSETS AND LIABILITIES, NET — 2.1%				207,884
NET ASSETS — 100.0%			$	10,112,387

†	At April 30, 2013, the tax basis cost of the Fund's investments was $9,815,028 and the unrealized appreciation and depreciation were $94,694 and $(5,219), 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 April 30, 2013, these securities amounted to $152,912 or 1.51% 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 April 30, 2013. 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.

ETF - Exchange-Traded Fund

MTN - Medium Term Note

PLC - Public Limited Company

The following is a list of the inputs used as of April 30, 2013, in valuing the Fund’s investments carried at value:

Investments in Securities		Level 1		Level 2		Level 3		Total
Corporate Obligations	$	—	$	3,650,388	$	—	$	3,650,388
U.S. Government Mortgage Backed Obligations		—		2,884,824		—		2,884,824
U.S. Treasury Obligations		—		2,309,833		—		2,309,833
Registered Investment Companies		975,341		—		—		975,341
U.S. Government Agency Obligation		—		84,117		—		84,117
Total Investments in Securities	$	975,341	$	8,929,162	$	—	$	9,904,503

For the period ended April 30, 2013, there have been no transfers between Level 1 and Level 2 assets and liabilities. Transfers between Levels are recognized at period end.

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM High Yield Bond Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	PRINCIPAL AMOUNT		VALUE
CORPORATE OBLIGATIONS — 91.7%
CONSUMER DISCRETIONARY — 34.4%
AMC Entertainment
8.75%, 6/1/19	$	80,000	$	88,100
American Greetings
7.38%, 12/1/21		120,000		121,500
Ameristar Casinos
7.50%, 4/15/21		80,000		89,200
Best Buy
5.50%, 3/15/21		80,000		81,200
Burlington Coat Factory Warehouse
10.00%, 2/15/19		120,000		134,250
Chrysler Group
8.00%, 6/15/19		80,000		89,600
Dana Holding
6.50%, 2/15/19		120,000		129,750
DISH DBS
7.75%, 5/31/15		120,000		132,450
4.63%, 7/15/17		100,000		101,500
Gannett
7.13%, 9/1/18		80,000		87,200
Goodyear Tire & Rubber
7.00%, 5/15/22		120,000		129,750
Jarden
7.50%, 5/1/17		160,000		182,400
JC Penney
7.65%, 8/15/16		80,000		79,400
L Brands
8.50%, 6/15/19		160,000		198,400
Lamar Media
7.88%, 4/15/18		80,000		87,400
Levi Strauss
6.88%, 5/1/22		80,000		89,300
Media General
11.75%, 2/15/17		80,000		90,400
MGM Resorts International
11.13%, 11/15/17		80,000		84,736
PVH
7.38%, 5/15/20		80,000		89,900
Quiksilver
6.88%, 4/15/15		40,000		40,051
Royal Caribbean Cruises
6.88%, 12/1/13		120,000		123,450
Sears Holdings
6.63%, 10/15/18		40,000		39,700
Shea Homes
8.63%, 5/15/19		100,000		113,625
Sinclair Television Group
9.25%, 11/1/17 (A)		180,000		195,300
Sirius XM Radio
5.25%, 8/15/22 (A) (B)		40,000		41,300
Spectrum Brands Escrow
6.38%, 11/15/20 (A)		80,000		87,400
Tomkins
9.00%, 10/1/18		80,000		88,900
TRW Automotive
8.88%, 12/1/17 (A)		120,000		129,900
Valassis Communications
6.63%, 2/1/21		120,000		127,200
Visteon
6.75%, 4/15/19		80,000		86,300
Warner Chilcott
7.75%, 9/15/18		80,000		86,800
WMG Acquisition
6.00%, 1/15/21 (A)		120,000		128,400
Wynn Las Vegas
7.75%, 8/15/20		80,000		91,600
				3,466,362
CONSUMER STAPLES — 3.7%
Constellation Brands
7.25%, 5/15/17		120,000		139,800
Dole Food
8.00%, 10/1/16 (A)		80,000		83,200
Pilgrim's Pride
7.88%, 12/15/18		40,000		43,400
Reynolds Group Issuer
6.88%, 2/15/21 (B)		100,000		109,000
				375,400
ENERGY — 3.3%
MEG Energy
6.50%, 3/15/21 (A)		77,000		82,582
Peabody Energy
6.00%, 11/15/18		130,000		140,400
Precision Drilling
6.50%, 12/15/21		100,000		108,250
				331,232
FINANCIALS — 3.9%
Ally Financial
6.25%, 12/1/17		80,000		90,793
CIT Group
5.00%, 5/15/17		120,000		130,800
Neuberger Berman Group
5.63%, 3/15/20 (A)		160,000		170,000
				391,593
HEALTH CARE — 4.2%
Apria Healthcare Group
11.25%, 11/1/14		160,000		164,600
HCA
8.50%, 4/15/19		80,000		88,200
Hologic
2.00%, 12/15/13 (C)		80,000		80,300
Kinetic Concepts
10.50%, 11/1/18		80,000		89,800
				422,900
INDUSTRIALS — 15.3%
Air Canada
9.25%, 8/1/15 (A)		80,000		85,000
Bombardier
7.50%, 3/15/18 (A)		80,000		92,300
Case New Holland
7.88%, 12/1/17		80,000		95,200
CHC Helicopter
9.25%, 10/15/20		80,000		85,300
Hertz
6.75%, 4/15/19		80,000		88,600
International Lease Finance
8.75%, 3/15/17		160,000		192,400
8.63%, 9/15/15		20,000		22,800
Iron Mountain
8.38%, 8/15/21		120,000		134,100

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM High Yield Bond Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	PRINCIPAL AMOUNT		VALUE
Manitowoc
8.50%, 11/1/20	$	80,000	$	91,200
Meritor
8.13%, 9/15/15		40,000		43,200
Navistar International
8.25%, 11/1/21		80,000		83,300
RR Donnelley & Sons
7.88%, 3/15/21		100,000		109,000
Schaeffler Finance
7.75%, 2/15/17 (A)		120,000		136,350
Spirit Aerosystems
6.75%, 12/15/20		100,000		107,750
Terex
6.50%, 4/1/20 (B)		80,000		87,200
United Rentals North America
5.75%, 7/15/18		80,000		87,200
				1,540,900
INFORMATION TECHNOLOGY — 5.0%
Advanced Micro Devices
7.75%, 8/1/20		40,000		39,200
IAC
4.75%, 12/15/22 (A)		80,000		80,400
Jabil Circuit
5.63%, 12/15/20		160,000		171,600
Seagate HDD Cayman
7.75%, 12/15/18 (A)		120,000		132,300
SunGard Data Systems
7.38%, 11/15/18		80,000		86,400
				509,900
MATERIALS — 12.3%
AK Steel
7.63%, 5/15/20		120,000		104,100
Aleris International
7.63%, 2/15/18		80,000		86,400
Atkore International
9.88%, 1/1/18		40,000		44,050
Cascades
7.75%, 12/15/17		120,000		128,100
Domtar
10.75%, 6/1/17		80,000		103,526
FMG Resources August 2006 PTY
6.88%, 2/1/18 (A)		80,000		85,200
HudBay Minerals
9.50%, 10/1/20		40,000		43,300
Inmet Mining
8.75%, 6/1/20 (A)		120,000		129,600
NOVA Chemicals
8.63%, 11/1/19		120,000		135,750
Resolute Forest Products
10.25%, 10/15/18		100,000		116,800
Steel Dynamics
7.63%, 3/15/20		100,000		112,000
Tembec Industries
11.25%, 12/15/18		40,000		44,500
United States Steel
7.38%, 4/1/20		100,000		105,500
				1,238,826
TELECOMMUNICATION SERVICES — 6.4%
CenturyLink
6.45%, 6/15/21		80,000		88,572
Cincinnati Bell
8.38%, 10/15/20		80,000		85,800
Intelsat Jackson Holdings
7.25%, 10/15/20		80,000		88,800
MetroPCS Wireless
6.63%, 11/15/20		120,000		129,900
Qwest Communications International
7.13%, 4/1/18		120,000		124,860
Sprint Nextel
6.00%, 12/1/16		120,000		130,200
				648,132
UTILITIES — 3.2%
AES
8.00%, 10/15/17		120,000		143,700
Calpine
7.88%, 7/31/20 (A)		80,000		90,600
NRG Energy
8.50%, 6/15/19		80,000		88,400
				322,700
TOTAL CORPORATE OBLIGATIONS				9,247,945

TOTAL INVESTMENTS
(Cost $9,195,643) † — 91.7%				9,247,945
OTHER ASSETS AND LIABILITIES, NET — 8.3%				838,495
NET ASSETS — 100.0%			$	10,086,440

†	At April 30, 2013, the tax basis cost of the Fund's investments was $9,195,643 and the unrealized appreciation and depreciation were $74,512 and $(22,210), 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 April 30, 2013, these securities amounted to $1,749,832 or 17.35% 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 April 30, 2013. Date shown represents the final maturity date.
(C)	Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on April 30, 2013. The coupon on a step bond changes on a specified date.

PTY — Proprietary

As of April 30, 2013, all the investments are classified as Level 2. For the period ended April 30, 2013, there have been no transfers between Level 1 and Level 2 assets and liabilities. Transfers between Levels are recognized at period end.

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM U.S. Equity Income Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
COMMON STOCK — 97.9%
CONSUMER DISCRETIONARY — 8.1%
Comcast, Cl A		1,610	$	63,257
Genuine Parts		700		53,431
Home Depot		730		53,546
Mattel		2,050		93,603
McDonald's		510		52,091
Regal Entertainment Group, Cl A		2,260		40,544
Time Warner		1,170		69,943
				426,415
CONSUMER STAPLES — 17.9%
Altria Group		2,650		96,751
Campbell Soup		1,400		64,974
Coca-Cola		1,290		54,606
Coca-Cola Enterprises		1,260		46,154
Colgate-Palmolive		240		28,658
CVS Caremark		480		27,926
Hershey		730		65,087
Kimberly-Clark		930		95,967
Kraft Foods Group		1,310		67,452
Lorillard		1,350		57,901
Molson Coors Brewing, Cl B		1,000		51,600
PepsiCo		340		28,040
Philip Morris International		810		77,428
Procter & Gamble		650		49,901
Reynolds American		1,640		77,769
Wal-Mart Stores		720		55,958
				946,172
ENERGY — 8.0%
Chevron		210		25,622
ConocoPhillips		900		54,405
Diamond Offshore Drilling		1,020		70,482
Enterprise Products Partners (A)		650		39,423
Exxon Mobil		260		23,137
Kinder Morgan Energy Partners (A)		450		39,803
MarkWest Energy Partners (A)		570		36,024
ONEOK Partners (A)		650		35,165
Royal Dutch Shell PLC ADR, Cl A		800		54,376
Spectra Energy		1,440		45,403
				423,840
FINANCIALS — 8.0%
Arthur J Gallagher		1,910		81,079
BlackRock, Cl A		180		47,970
CME Group, Cl A		830		50,514
Health Care REIT ‡		570		42,733
M&T Bank		420		42,084
Marsh & McLennan		1,060		40,291
Republic Services		570		27,183
Travelers		360		30,748
Ventas ‡		380		30,259
Waddell & Reed Financial, Cl A		730		31,295
				424,156
HEALTH CARE — 7.3%
AbbVie		1,990		91,639
Bristol-Myers Squibb		1,730		68,716
Johnson & Johnson		1,030		87,787
Medtronic		1,120		52,282
Merck		1,740		81,780
				382,204
INDUSTRIALS — 16.1%
3M		640		67,014
Boeing		450		41,134
Deere		280		25,004
Deluxe		1,350		51,489
Eaton PLC		1,090		66,937
Emerson Electric		1,310		72,718
General Dynamics		630		46,595
Honeywell International		920		67,657
Lockheed Martin		770		76,299
Raytheon		1,350		82,863
Republic Services, Cl A		1,490		50,779
RR Donnelley & Sons		2,630		32,375
United Parcel Service, Cl B		290		24,894
United Technologies		540		49,297
Waste Management		2,220		90,976
				846,031
INFORMATION TECHNOLOGY — 9.8%
Apple		90		39,847
Automatic Data Processing		990		66,667
Intel		1,220		29,219
KLA-Tencor		960		52,080
Linear Technology		660		24,090
Microchip Technology		1,730		63,007
Microsoft		1,470		48,657
Oracle		1,580		51,792
Paychex		1,710		62,261
Seagate Technology PLC		2,120		77,804
				515,424
MATERIALS — 2.2%
Bemis		680		26,758
Dow Chemical		619		20,990
EI du Pont de Nemours		770		41,973
RPM International		870		28,188
				117,909
TELECOMMUNICATION SERVICES — 4.1%
AT&T		1,660		62,183
CenturyLink		2,210		83,030
Verizon Communications		1,280		69,005
				214,218
UTILITIES — 16.4%
CMS Energy		2,060		61,677
Dominion Resources		880		54,279
Duke Energy		1,060		79,712
Entergy		400		28,492
Integrys Energy Group		820		50,479
NiSource		2,420		74,367
Northeast Utilities		1,260		57,116
ONEOK		1,090		55,982
PPL		2,040		68,095
SCANA		750		40,650
Southern		1,000		48,230
TECO Energy		1,880		35,964
Vectren		1,150		43,194
Westar Energy		1,200		41,952
WGL Holdings		810		37,438

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM U.S. Equity Income Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
Wisconsin Energy		1,930	$	86,734
				864,361
TOTAL COMMON STOCK				5,160,730

TOTAL INVESTMENTS
(Cost $4,899,257) † — 97.9%				5,160,730
OTHER ASSETS AND LIABILITIES, NET — 2.1%				110,755
NET ASSETS — 100.0%			$	5,271,485

†

At April 30, 2013, the tax basis cost of the Fund's investments was $4,899,257 and the unrealized appreciation and depreciation were $276,506 and $(15,033), respectively.

(A)

Security considered to be a Master Limited Partnership. At April 30, 2013, these securities amounted to $150,415 or 2.85% of net assets.

‡

Real Estate Investment Trust.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

REIT — Real Estate Investment Trust

As of April 30, 2013, all the investments are classified as Level 1. For the period ended April 30, 2013, there have been no transfers between Level 1 and Level 2 assets and liabilities. Transfers between Levels are recognized at period end.

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM U.S. Large Cap Core Equity Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
COMMON STOCK — 95.8
CONSUMER DISCRETIONARY — 13.4%
Comcast, Cl A		2,500	$	98,225
Delphi Automotive PLC		580		26,802
Genuine Parts		740		56,484
International Game Technology		5,140		87,123
Kohl's		1,800		84,708
McDonald's		750		76,605
Staples		4,120		54,548
Time Warner		1,960		117,169
TJX		2,040		99,491
				701,155
CONSUMER STAPLES — 6.3%
Colgate-Palmolive		530		63,287
CVS Caremark		1,850		107,633
JM Smucker		570		58,841
PepsiCo		1,200		98,964
				328,725
ENERGY — 8.7%
Cameron International *		1,240		76,322
Devon Energy		1,250		68,825
Exxon Mobil		1,460		129,925
National Oilwell Varco		1,310		85,438
Occidental Petroleum		1,060		94,616
				455,126
FINANCIALS — 16.3%
American Express		1,500		102,615
American International Group *		1,280		53,017
Ameriprise Financial		860		64,096
BlackRock, Cl A		560		149,240
Capital One Financial *		1,250		72,225
CIT Group *		1,880		79,919
Citigroup		1,140		53,192
CME Group, Cl A		1,330		80,944
Marsh & McLennan		2,410		91,604
Ventas ‡		1,290		102,723
				849,575
HEALTH CARE — 13.9%
Abbott Laboratories		2,200		81,224
AbbVie		1,950		89,798
Aetna		1,650		94,776
Agilent Technologies		2,410		99,870
DaVita HealthCare Partners *		980		116,277
Laboratory Corp of America Holdings *		550		51,348
Thermo Fisher Scientific		1,000		80,680
UnitedHealth Group		1,840		110,271
				724,244
INDUSTRIALS — 8.3%
Boeing		1,450		132,544
Danaher		1,850		112,739
Ingersoll-Rand PLC		1,510		81,238
Rockwell Collins		950		59,774
United Technologies		530		48,384
				434,679
INFORMATION TECHNOLOGY — 17.6%
Apple		340		150,535
Applied Materials		5,080		73,711
Check Point Software Technologies *		960		44,755
Cognizant Technology Solutions, Cl A *		196		12,701
Electronic Arts *		2,540		44,730
Fidelity National Information Services		2,040		85,782
Microsoft		5,290		175,099
Oracle		3,360		110,141
Texas Instruments		2,830		102,474
Visa, Cl A		690		116,237
				916,165
MATERIALS — 5.6%
Ecolab		220		18,616
EI du Pont de Nemours		1,540		83,946
International Paper		1,650		77,517
Praxair		980		112,014
				292,093
TELECOMMUNICATION SERVICES — 2.1%
CenturyLink		2,940		110,456
UTILITIES — 3.6%
Northeast Utilities		1,930		87,487
Wisconsin Energy		2,240		100,666
				188,153
TOTAL COMMON STOCK				5,000,371

TOTAL INVESTMENTS
(Cost $4,773,838) † — 95.8%				5,000,371
OTHER ASSETS AND LIABILITIES, NET — 4.2%				218,834
NET ASSETS — 100.0%			$	5,219,205

†	At April 30, 2013, the tax basis cost of the Fund's investments was $4,773,838 and the unrealized appreciation and depreciation were $250,175 and $(23,642), respectively.
*	Non-income producing security.
‡	Real Estate Investment Trust.

Cl — Class

PLC — Public Limited Company

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global Equity Income Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
COMMON STOCK — 49.9%
UNITED STATES — 49.9%
CONSUMER DISCRETIONARY — 4.9%
Comcast, Cl A		1,480	$	58,149
Mattel		1,440		65,750
McDonald's		395		40,345
Regal Entertainment Group, Cl A		2,325		41,711
Time Warner		865		51,710
				257,665
CONSUMER STAPLES — 8.6%
Altria Group		2,280		83,243
Coca-Cola		695		29,419
Kimberly-Clark		795		82,036
Lorillard		1,770		75,915
PepsiCo		375		30,926
Philip Morris International		760		72,648
Reynolds American		1,720		81,562
				455,749
ENERGY — 5.8%
ConocoPhillips		1,100		66,495
Diamond Offshore Drilling		1,015		70,137
Enterprise Products Partners (A)		710		43,062
Kinder Morgan Energy Partners (A)		730		64,569
MarkWest Energy Partners (A)		530		33,496
Spectra Energy		945		29,796
				307,555
FINANCIALS — 3.0%
Arthur J Gallagher		765		32,474
CME Group, Cl A		860		52,340
Health Care REIT ‡		590		44,232
Travelers		390		33,310
				162,356
HEALTH CARE — 3.7%
AbbVie		1,695		78,055
Bristol-Myers Squibb		980		38,926
Johnson & Johnson		505		43,041
Merck		840		39,480
				199,502
INDUSTRIALS — 5.2%
Deere		285		25,451
Emerson Electric		675		37,469
Honeywell International		555		40,815
Lockheed Martin		795		78,777
RR Donnelley & Sons		2,710		33,360
Waste Management		1,410		57,782
				273,654
INFORMATION TECHNOLOGY — 3.3%
Automatic Data Processing		475		31,986
KLA-Tencor		755		40,959
Microchip Technology		1,660		60,457
Microsoft		1,310		43,361
				176,763
MATERIALS — 1.2%
Dow Chemical		619		20,990
EI du Pont de Nemours		795		43,335
				64,325
TELECOMMUNICATION SERVICES — 4.4%
AT&T		1,585		59,374
CenturyLink		2,255		84,720
Verizon Communications		1,705		91,917
				236,011
UTILITIES — 9.8%
CMS Energy		1,515		45,359
Dominion Resources		670		41,326
Duke Energy		1,160		87,232
Integrys Energy Group		645		39,706
NiSource		1,055		32,420
PPL		2,815		93,965
SCANA		585		31,707
Southern		1,095		52,812
TECO Energy		2,810		53,755
Vectren		1,075		40,377
				518,659
TOTAL COMMON STOCK				2,652,239

FOREIGN COMMON STOCK — 48.8%
AUSTRALIA — 2.2%
Telstra		12,700		65,567
Westpac Banking		1,400		49,057
				114,624
BELGIUM — 0.7%
Anheuser-Busch InBev		400		38,060
CANADA — 3.8%
BCE		2,125		99,537
Rogers Communications, Cl B		990		48,829
Shaw Communications, Cl B		2,240		51,006
				199,372
FRANCE — 5.8%
Sanofi		455		49,866
SCOR		2,160		65,554
Total SA		1,460		73,584
Vinci		1,395		67,166
Vivendi		2,405		54,477
				310,647
GERMANY — 6.7%
BASF		795		74,251
Bayer AG		355		37,037
Daimler		1,425		78,848
Deutsche Post		1,080		25,630
Deutsche Telekom		5,420		64,112
Muenchener Rueckversicherungs		390		77,992
				357,870
ITALY — 1.5%
Terna Rete Elettrica Nazionale		17,300		80,972
NORWAY — 0.7%
Orkla		4,200		37,801
PHILIPPINES — 0.6%
Philippine Long Distance Telephone ADR		420		30,857

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global Equity Income Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
SWEDEN — 0.6%
Svenska Handelsbanken, Cl A		700	$	31,797
SWITZERLAND — 5.3%
Nestle SA		740		52,846
Novartis AG		765		56,811
Roche Holding AG		320		79,983
Swisscom		195		91,816
				281,456
TAIWAN — 0.6%
Taiwan Semiconductor Manufacturing ADR		1,695		32,341
UNITED KINGDOM — 20.3%
AstraZeneca PLC ADR		1,515		78,659
BAE Systems PLC		13,170		76,818
British American Tobacco PLC		795		44,037
Centrica PLC		10,900		62,816
Compass Group PLC		2,180		28,682
Diageo PLC ADR		220		26,884
GlaxoSmithKline PLC		3,380		87,182
Imperial Tobacco Group PLC		2,355		84,137
National Grid PLC		5,695		72,496
Pearson PLC		2,850		51,841
Reckitt Benckiser Group PLC		615		44,861
Royal Dutch Shell PLC ADR, Cl A		1,255		85,302
Severn Trent PLC		1,550		43,844
SSE PLC		3,015		72,920
Unilever PLC		710		30,726
United Utilities Group		5,480		63,034
Vodafone Group		31,810		96,946
WM Morrison Supermarkets PLC		5,575		25,296
				1,076,481
TOTAL FOREIGN COMMON STOCK				2,592,278

TOTAL INVESTMENTS
(Cost $4,960,865) † — 98.7%				5,244,517
OTHER ASSETS AND LIABILITIES, NET — 1.3%				67,574
NET ASSETS — 100.0%			$	5,312,091

†

At April 30, 2013, the tax basis cost of the Fund's investments was $4,960,865 and the unrealized appreciation and depreciation were $291,710 and $(8,058), respectively.

(A)

Security considered to be a Master Limited Partnership. At April 30, 2013, these securities amounted to $141,127 or 2.66% of net assets.

‡

Real Estate Investment Trust.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

REIT — Real Estate Investment Trust

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global Low Volatility Equity Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
FOREIGN COMMON STOCK — 61.9%
AUSTRALIA — 11.0%
AGL Energy		3,127	$	51,447
Amcor		7,970		81,716
Asciano		4,291		24,022
CFS Retail Property Trust Group ‡		33,937		77,401
Coca-Cola Amatil		4,832		75,841
Crown		5,857		78,328
Dexus Property Group ‡		68,201		81,663
GPT Group ‡		19,016		80,827
Mirvac Group ‡		35,416		64,987
Origin Energy		4,039		51,587
SP AusNet		53,281		69,322
Stockland ‡		18,814		75,482
Tatts Group		23,029		78,068
Telstra		15,762		81,375
Wesfarmers		317		14,253
Westfield Group ‡		6,635		80,135
Woolworths		2,095		79,078
				1,145,532
BELGIUM — 0.9%
Belgacom		2,889		66,582
Colruyt		624		31,494
				98,076
CANADA — 10.0%
Bank of Montreal		1,200		75,267
BCE		1,650		77,288
Bell Aliant		2,900		77,548
Canadian Imperial Bank of Commerce		950		75,975
Canadian National Railway		600		58,740
Fortis		2,300		79,791
Intact Financial		1,150		70,088
Metro, Cl A		450		30,517
RioCan ‡		2,800		82,017
Rogers Communications, Cl B		1,200		59,187
Shaw Communications, Cl B		3,000		68,311
TELUS		2,200		79,160
Tim Hortons		1,450		78,556
TransAlta		3,800		55,862
TransCanada		1,550		76,835
				1,045,142
CHINA — 0.9%
China BlueChemical		9,000		5,486
China Petroleum & Chemical		66,000		72,207
Parkson Retail Group		26,000		14,072
PetroChina		4,000		5,088
				96,853
DENMARK — 0.6%
William Demant Holding *		782		62,575
FRANCE — 3.6%
Air Liquide		595		75,318
Bureau Veritas		585		71,687
Danone		1,042		79,605
L'Oreal		77		13,730
Societe BIC		644		68,723
Sodexo		785		65,554
				374,617
GERMANY — 2.2%
Fresenius		602		75,491
Fresenius Medical Care		1,099		75,840
Hannover Rueckversicherung		920		77,687
				229,018
HONG KONG — 5.0%
Beijing Enterprises Holdings		9,750		72,935
Cheung Kong Infrastructure Holdings		11,000		79,805
China Mobile		7,250		79,366
CLP Holdings		8,750		77,125
Guangdong Investment		63,000		60,969
Kunlun Energy		36,000		70,421
Power Assets Holdings		7,750		75,701
				516,322
JAPAN — 7.8%
Aeon		2,050		28,999
Air Water		2,500		40,391
Ajinomoto		4,500		61,717
FamilyMart		1,650		75,404
Hankyu Hanshin Holdings		10,500		67,857
Lawson		1,000		78,781
McDonald's Holdings Japan		2,900		84,574
Nippon Telegraph & Telephone		1,200		59,394
Nissin Foods Holdings		1,650		73,965
Nitori Holdings		950		71,529
Ono Pharmaceutical		1,300		85,613
Shizuoka Bank		2,000		24,455
Taisho Pharmaceutical Holdings		300		22,219
Tobu Railway		1,000		5,806
Tokyo Gas		1,000		5,703
USS		200		25,625
				812,032
LUXEMBOURG — 0.7%
SES		2,346		73,254
NETHERLANDS — 0.9%
Koninklijke Ahold		819		12,921
Koninklijke Vopak		838		46,418
Unilever		910		38,733
				98,072
NEW ZEALAND — 0.2%
Contact Energy		3,433		15,537
SINGAPORE — 3.6%
ComfortDelGro		33,500		53,988
Singapore Press Holdings		20,500		74,231
Singapore Technologies Engineering		22,500		80,377
Singapore Telecommunications		26,000		82,958
StarHub		22,000		84,485
				376,039
SOUTH AFRICA — 1.1%
AngloGold Ashanti		3,289		61,356
Gold Fields		8,039		57,219
				118,575
SWEDEN — 0.7%
TeliaSonera		10,406		71,594

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global Low Volatility Equity Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
SWITZERLAND — 1.7%
Nestle SA		1,020	$	72,841
Schindler Holding		213		31,178
Swisscom		161		75,808
				179,827
TAIWAN — 1.5%
Chunghwa Telecom ADR		2,400		77,376
Taiwan Semiconductor Manufacturing ADR		4,350		82,998
				160,374
UNITED KINGDOM — 9.5%
AstraZeneca PLC		1,587		82,398
Centrica PLC		12,218		70,411
Compass Group PLC		5,788		76,152
Diageo		2,380		72,609
G4S PLC		16,669		80,993
GlaxoSmithKline PLC		3,213		82,874
National Grid PLC		6,513		82,909
Pearson PLC		272		4,948
Reckitt Benckiser Group PLC		1,037		75,644
Severn Trent PLC		2,906		82,201
Shire PLC		868		26,993
SSE PLC		3,285		79,450
United Utilities Group		6,991		80,414
Vodafone Group		11,249		34,283
WM Morrison Supermarkets PLC		11,861		53,817
				986,096
TOTAL FOREIGN COMMON STOCK				6,459,535
COMMON STOCK — 31.3%
UNITED STATES — 31.3%
CONSUMER DISCRETIONARY — 2.7%
AutoZone *		150		61,363
McDonald's		750		76,605
PetSmart		1,200		81,888
TJX		1,200		58,524
				278,380
CONSUMER STAPLES — 10.3%
Campbell Soup		1,750		81,217
Church & Dwight		350		22,361
Clorox		900		77,625
Coca-Cola		1,850		78,310
Colgate-Palmolive		650		77,616
Costco Wholesale		150		16,265
Dr Pepper Snapple Group		1,600		78,128
General Mills		1,550		78,151
Hershey		850		75,786
Hormel Foods		850		35,080
Kellogg		1,150		74,796
Kimberly-Clark		750		77,393
McCormick		1,050		75,537
PepsiCo		950		78,347
Procter & Gamble		850		65,255
Wal-Mart Stores		1,050		81,606
				1,073,473
FINANCIALS — 4.4%
American Capital Agency ‡		2,350		78,278
Annaly Capital Management ‡		4,700		74,918
Arch Capital Group *		1,400		74,284
Chubb		900		79,263
RenaissanceRe Holdings		800		75,112
WR Berkley		1,750		75,985
				457,840
HEALTH CARE — 1.5%
Cardinal Health		1,350		59,697
Eli Lilly		1,300		71,994
Johnson & Johnson		350		29,831
				161,522
INDUSTRIALS — 0.7%
Lockheed Martin		700		69,363
INFORMATION TECHNOLOGY — 0.6%
International Business Machines		300		60,762
UTILITIES — 11.1%
Ameren		150		5,437
American Electric Power		150		7,714
American Water Works		1,800		75,384
CMS Energy		1,950		58,383
Consolidated Edison		1,250		79,562
Dominion Resources		1,300		80,184
DTE Energy		1,150		83,812
Duke Energy		1,050		78,960
Edison International		100		5,380
Entergy		1,100		78,353
Pepco Holdings		3,550		80,230
Pinnacle West Capital		1,250		76,125
PPL		2,400		80,112
Public Service Enterprise Group		1,300		47,593
SCANA		1,500		81,300
Southern		1,650		79,580
Wisconsin Energy		1,800		80,892
Xcel Energy		2,550		81,065
				1,160,066
TOTAL COMMON STOCK				3,261,406
REGISTERED INVESTMENT COMPANIES — 5.4%
United States — 5.4%
iShares MSCI EAFE Index Fund		1,100		68,134
iShares MSCI Malaysia ETF		27,400		433,468
SPDR S&P 500 ETF Trust		400		63,872
TOTAL REGISTERED INVESTMENT COMPANIES				565,474

TOTAL INVESTMENTS
(Cost $9,850,047) † — 98.6%				10,286,415
OTHER ASSETS AND LIABILITIES, NET — 1.4%				142,215
NET ASSETS — 100.0%			$	10,428,630

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global Low Volatility Equity Fund • Schedule of Investments

April 30, 2013 (unaudited)

A list of the open forward foreign currency contracts held by the Fund at April 30, 2013, is as follows:

					Unrealized
					Appreciation
Settlement Date	Currency to Deliver		Currency to Receive		(Depreciation)
5/31/13	AUD	795,000	USD	826,271	$	4,015
5/31/13	CAD	791,000	USD	772,558		(12,021	)
5/31/13	CHF	127,500	USD	134,860		(2,305	)
5/31/13	DKK	290,000	USD	50,690		(553	)
5/31/13	EUR	511,500	USD	661,190		(12,558	)
5/31/13	GBP	456,700	USD	693,042		(16,224	)
5/31/13	HKD	3,540,000	USD	456,180		(71	)
5/31/13	JPY	54,375,000	USD	573,818		15,960
5/31/13	NZD	15,000	USD	12,432		(397	)
5/31/13	SEK	345,000	USD	53,402		206
5/31/13	SGD	327,000	USD	261,799		(3,690	)
					$	(27,638	)

A list of the counterparties for the open forward foreign currency contracts held by the Fund at April 30, 2013, is as follows:

	Settlement		Currency to			Currency to		Unrealized
Counterparty	Date		Deliver			Receive		Depreciation
Bank of New York Mellon		5/31/13	$	(4,523,881	)	$	4,496,243	$	(27,638	)

For the period ended April 30, 2013, the total amount of all open forward foreign currency contracts, as presented in the table above, are representative of the volume of activity for this derivative type during the period.

†	At April 30, 2013, the tax basis cost of the Fund's investments was $9,850,047 and the unrealized appreciation and depreciation were $521,466 and $(85,098), respectively.
*	Non-income producing security.
‡	Real Estate Investment Trust.

ADR — American Depositary Receipt

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DKK — Danish Krone

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

EUR — Euro

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

MSCI — Morgan Stanley Capital International

NZD — New Zealand Dollar

PLC — Public Limited Company

S&P — Standard & Poor's

SEK — Swedish Krone

SGD — Singapore Dollar

SPDR — Standard & Poor's Depositary Receipt

USD — U.S. Dollar

The following is a list of the inputs used as of April 30, 2013, in valuing the Fund’s investments carried at value:

Investments in Securities		Level 1		Level 2		Level 3		Total
Foreign Common Stock	$	6,459,535	$	—	$	—	$	6,459,535
Common Stock		3,261,406		—		—		3,261,406
Registered Investment Companies		565,474		—		—		565,474
Total Investments in Securities	$	10,286,415	$	—	$	—	$	10,286,415

Other Financial Instruments		Level 1				Level 2				Level 3				Total
Forwards Contracts*		$	—			$	(27,638	)		$	—			$	(27,638	)

* Forwards contracts are valued at the unrealized depreciation of the instrument.

For the period ended April 30, 2013, there have been no transfers between Level 1 and Level 2 assets and liabilities. Transfers between Levels are recognized at period end.

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global All Cap Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
COMMON STOCK — 56.7%
UNITED STATES — 56.7%
CONSUMER DISCRETIONARY — 7.1%
Comcast, Cl A		2,535	$	99,600
International Game Technology		12,410		210,350
Las Vegas Sands		2,945		165,656
Mattel		3,715		169,627
McDonald's		915		93,458
				738,691
CONSUMER STAPLES — 6.2%
Coca-Cola		4,150		175,670
CVS Caremark		2,895		168,431
PepsiCo		1,930		159,167
Philip Morris International		1,445		138,128
				641,396
ENERGY — 5.1%
Exxon Mobil		2,555		227,369
National Oilwell Varco		2,655		173,159
Occidental Petroleum		1,470		131,212
				531,740
FINANCIALS — 9.7%
American International Group *		5,160		213,727
Arthur J Gallagher		3,050		129,473
Blackstone Group (A)		5,165		106,141
CIT Group *		4,175		177,479
Citigroup		1,640		76,522
CME Group, Cl A		3,210		195,361
Franklin Resources		660		102,076
				1,000,779
HEALTH CARE — 4.0%
Abbott Laboratories		2,460		90,823
McKesson		1,495		158,201
UnitedHealth Group		2,750		164,808
				413,832
INDUSTRIALS — 9.0%
Boeing		2,535		231,724
Genesee & Wyoming, Cl A *		1,085		92,442
Hexcel *		4,365		133,133
Mueller Industries		2,750		142,395
Precision Castparts		835		159,727
United Technologies		1,760		160,670
				920,091
INFORMATION TECHNOLOGY — 6.9%
Apple		440		194,810
Automatic Data Processing		2,345		157,912
Cognizant Technology Solutions, Cl A *		499		32,335
Mastercard, Cl A		285		157,585
Microsoft		5,355		177,251
				719,893
MATERIALS — 7.0%
Ecolab		1,885		159,509
International Paper		2,630		123,557
Monsanto		1,545		165,037
Praxair		870		99,441
Rock Tenn, Cl A		1,785		178,750
				726,294
TELECOMMUNICATION SERVICES — 1.7%
CenturyLink		4,585		172,258

TOTAL COMMON STOCK				5,864,974
FOREIGN COMMON STOCK — 41.8%
AUSTRALIA — 1.0%
Amcor		10,690		109,604
BELGIUM — 1.9%
Anheuser-Busch InBev		2,075		197,436
CANADA — 1.1%
Shaw Communications, Cl B		5,115		116,470
FRANCE — 8.9%
Edenred *		4,195		139,662
Essilor International		1,695		190,722
Eutelsat Communications		1,735		62,641
JCDecaux		3,620		99,495
Safran		3,230		158,622
SCOR		5,450		165,403
Sodexo		1,230		102,714
				919,259
GERMANY — 5.6%
BASF		1,160		108,342
Bayer AG		1,580		164,839
Fresenius Medical Care		2,170		149,748
Linde		820		155,074
				578,003
IRELAND — 2.5%
Experian PLC		8,470		148,936
Ingersoll-Rand PLC		1,980		106,524
				255,460
ISRAEL — 1.3%
Check Point Software Technologies *		2,895		134,965
JAPAN — 3.4%
Bridgestone		4,825		181,893
JSR		7,235		166,468
				348,361
JERSEY — 1.6%
Delphi Automotive PLC		3,500		161,735
LUXEMBOURG — 2.1%
Intelsat *		2,450		49,367
SES		5,450		170,176
				219,543
SOUTH KOREA — 1.3%
Samsung Electronics GDR		200		138,200
SWITZERLAND — 3.6%
Givaudan		125		160,787
Novartis AG		1,400		103,969

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Global All Cap Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
Roche Holding AG		420	$	104,977
				369,733
UNITED KINGDOM — 7.5%
Compass Group PLC		11,770		154,856
Kingfisher PLC		22,470		109,284
Pearson PLC		5,700		103,681
Rexam PLC		19,430		155,888
Rolls-Royce Holdings PLC		8,345		146,479
WPP PLC		6,535		108,008
				778,196
TOTAL FOREIGN COMMON STOCK				4,326,965

TOTAL INVESTMENTS
(Cost $9,843,895) † — 98.5%				10,191,939
OTHER ASSETS AND LIABILITIES, NET — 1.5%				154,463
NET ASSETS — 100.0%			$	10,346,402

†

At April 30, 2013, the tax basis cost of the Fund's investments was $9,843,895 and the unrealized appreciation and depreciation were $408,364 and $(60,320), respectively.

Non-income producing security.

(A)

Security considered to be a Master Limited Partnership. At April 30, 2013, these securities amounted to $106,141 or 1.03% of net assets.

Cl — Class

GDR — Global Depositary Receipt

PLC — Public Limited Company

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Target Return Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	PRINCIPAL AMOUNT/SHARES		VALUE
U.S. TREASURY OBLIGATIONS — 44.8%
U.S. Treasury Bills (A)
0.06%, 6/27/13	$	500,000	$	499,982
0.05%, 5/23/13		500,000		499,991
0.04%, 7/25/13		350,000		349,959
TOTAL U.S. TREASURY OBLIGATIONS				1,349,932
CORPORATE OBLIGATIONS — 40.8%
BANKS — 6.7%
Bank of America
2.00%, 1/11/18		100,000		100,320
JPMorgan Chase
1.80%, 1/25/18		100,000		101,281
				201,601
CONSUMER DISCRETIONARY — 10.2%
AMC Entertainment
8.75%, 6/1/19		20,000		22,025
American Greetings
7.38%, 12/1/21		20,000		20,250
Ameristar Casinos
7.50%, 4/15/21		20,000		22,300
Burlington Coat Factory Warehouse
10.00%, 2/15/19		20,000		22,375
Chrysler Group
8.00%, 6/15/19		20,000		22,400
Dana Holding
6.50%, 2/15/19		20,000		21,625
Goodyear Tire & Rubber
7.00%, 5/15/22		20,000		21,625
Jarden
7.50%, 5/1/17		20,000		22,800
L Brands
8.50%, 6/15/19		20,000		24,800
MGM Resorts International
11.13%, 11/15/17		20,000		21,184
Royal Caribbean Cruises
6.88%, 12/1/13		20,000		20,575
TRW Automotive
8.88%, 12/1/17 (B)		20,000		21,650
Valassis Communications
6.63%, 2/1/21		20,000		21,200
WMG Acquisition
6.00%, 1/15/21 (B)		20,000		21,400
				306,209
CONSUMER STAPLES — 3.0%
Anheuser-Busch InBev Worldwide
5.38%, 1/15/20		55,000		66,911
Constellation Brands
7.25%, 5/15/17		20,000		23,300
				90,211
FINANCIALS — 5.5%
CIT Group
5.00%, 5/15/17		20,000		21,800
John Deere Capital
2.25%, 4/17/19		70,000		72,860
Neuberger Berman Group
5.63%, 3/15/20 (B)		20,000		21,250
Simon Property Group
1.50%, 2/1/18 ‡ (B)		50,000		50,178
				166,088
HEALTH CARE — 0.7%
Apria Healthcare Group
11.25%, 11/1/14		20,000		20,575

INDUSTRIALS — 4.8%
Bombardier
7.50%, 3/15/18 (B)		20,000		23,075
Burlington Northern Santa Fe
4.70%, 10/1/19		45,000		52,695
Case New Holland
7.88%, 12/1/17		20,000		23,800
Iron Mountain
8.38%, 8/15/21		20,000		22,350
Schaeffler Finance
7.75%, 2/15/17 (B)		20,000		22,725
				144,645
INFORMATION TECHNOLOGY — 4.2%
Jabil Circuit
5.63%, 12/15/20		20,000		21,450
Oracle
5.00%, 7/8/19		70,000		83,461
Seagate HDD Cayman
7.75%, 12/15/18 (B)		20,000		22,050
				126,961
MATERIALS — 2.9%
Aleris International
7.63%, 2/15/18		20,000		21,600
FMG Resources August 2006 PTY
6.88%, 2/1/18 (B)		20,000		21,300
Inmet Mining
8.75%, 6/1/20 (B)		20,000		21,600
NOVA Chemicals
8.63%, 11/1/19		20,000		22,625
				87,125
TELECOMMUNICATION SERVICES — 2.1%
MetroPCS Wireless
6.63%, 11/15/20		20,000		21,650
Qwest Communications International
7.13%, 4/1/18		20,000		20,810
Sprint Nextel
6.00%, 12/1/16		20,000		21,700
				64,160
UTILITIES — 0.7%
NRG Energy
8.50%, 6/15/19		20,000		22,100

TOTAL CORPORATE OBLIGATIONS				1,229,675
REGISTERED INVESTMENT COMPANIES — 10.7%
iShares Barclays 20+ Year Treasury Bond Fund		800		98,408
iShares JP Morgan Emerging Markets Bond Fund		200		24,280
iShares Lehman 3-7 Year Treasury		1,000		124,120

TD ASSET MANAGEMENT USA FUNDS INC.

TDAM Target Return Fund • Schedule of Investments

April 30, 2013 (unaudited)

DESCRIPTION	SHARES		VALUE
iShares S&P U.S. Preferred Stock Index Fund		1,100	$	44,847
Pennant Park Floating Rate Closed End Management Investment Company		2,150		30,444

TOTAL REGISTERED INVESTMENT COMPANIES				322,099

TOTAL INVESTMENTS
(Cost $2,892,006) † — 96.3%				2,901,706
OTHER ASSETS AND LIABILITIES, NET — 3.7%				110,099
NET ASSETS — 100.0%			$	3,011,805

†	At April 30, 2013, the tax basis cost of the Fund's investments was $2,892,006 and the unrealized appreciation and depreciation were $12,163 and $(2,463), respectively.
(A)	The rate shown is the effective yield at time of purchase.
(B)	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 April 30, 2013, these securities amounted to $225,228 or 7.48% of net assets of the Fund. These securities have been deemed liquid by the Board of Directors.
‡	Real Estate Investment Trust.

PTY — Proprietary

S&P — Standard & Poor’s

The following is a list of the inputs used as of April 30, 2013, in valuing the Fund’s investments carried at value:

Investments in Securities		Level 1		Level 2		Level 3		Total
U.S. Treasury Obligations	$	—	$	1,349,932	$	—	$	1,349,932
Corporate Obligations		—		1,229,675		—		1,229,675
Registered Investment Companies		322,099		—		—		322,099
Total Investments in Securities	$	322,099	$	2,579,607	$	—	$	2,901,706

For the period ended April 30, 2013, there have been no transfers between Level 1 and Level 2 assets and liabilities. Transfers between Levels are recognized at period end.

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Notes to Schedules of Investments.

TD ASSET MANAGEMENT USA FUNDS INC.

Notes to Schedules of Investments

April 30, 2013 (unaudited)

Securities Valuation — Securities and assets for which market quotations are readily available or which can be accurately valued within the Company’s established pricing procedures are valued at current market value. Securities and assets for which market quotations are readily available or which can be accurately valued within the Company’s established pricing procedures are valued at current market value. Each Fund values its securities using various methods depending on the primary market or exchange on which the securities trade. An equity security listed or traded on a foreign or domestic exchange, (except for The Nasdaq Stock Market, Inc. (“Nasdaq”)), is valued at its last sale price (prior to the time as of which assets are valued) on the exchange where it is principally traded. An equity security listed or traded on Nasdaq will be valued at the Nasdaq Official Closing Price (“NOCP”). If no NOCP is available, the security will be valued at the last sale price on the Nasdaq prior to the calculation of the Fund’s net asset value. If no sale price is shown on Nasdaq, the security will be valued at the mean of the last bid and asked prices. Lacking any such sales on the primary exchange on the day of valuation, the security is valued at the mean of the last bid and asked prices. All other equity securities for which over-the-counter market quotations are readily available generally are valued at the mean of the current bid and asked prices. Debt securities and other assets for which market quotations are readily available may be valued at market values determined by such securities’ most recent bid prices (sales prices if the principal market is an exchange) in the principal market in which they normally are traded, as furnished by recognized dealers in such securities or assets.

When market quotations are not readily available or not reflective of fair value as determined in accordance with fair value procedures approved by the Board (“Fair Value Procedures”), securities and assets are valued at fair value as determined pursuant to the Fair Value Procedures. Many of the securities in which certain Funds may invest are traded in markets that close before the close of regular trading on the NYSE. Normally, developments that could affect the values of portfolio securities that occur between the close of a foreign market and the close of regular trading on the NYSE will not be reflected in a Fund’s NAV. Accordingly, each Fund employs a valuation policy that monitors for significant events in foreign markets using various benchmarks and techniques in order to determine when it is appropriate to adjust previous closing prices and apply fair valuation in accordance with the Fair Value Procedures.

As necessary, a Fund uses an outside pricing service to provide it with closing market prices and information used for adjusting those prices. As a means of evaluating its fair value process, each Fund will periodically compare closing market prices, the next day’s opening prices in the same markets, and adjusted prices. The use of fair value pricing is expected to result in the use of prices that are more reflective of the actual market value of portfolio securities than would be the case if a Fund used closing prices, thereby reducing opportunities for profit from excessive short-term trading or market timing in a Fund’s shares.

In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. Generally Accepted Accounting Principles (“GAAP”), the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). The guidance establishes three levels of the fair value hierarchy as follows:

Level 1: Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the measurement date;

Level 2: Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly;

Level 3: Inputs that are unobservable.

A financial instrument’s level within the fair value hierarchy is based upon the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes “observable” requires significant judgment by management. Management considers observable data to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market.

For the period ended April 30, 2013, there have been no changes to the Funds’ fair valuation methodologies.

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: June 26, 2013

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: June 26, 2013

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

Date: June 26, 2013

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

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