fund facts elite & elite xl investment program€¦ · empire life strategic corporate bond -...

INV-2063-EN-06/20

FUND FACTSELITE & ELITE XL

INVESTMENT PROGRAMS

Any part of the deposit or other amount that is allocated to a segregated fund is invested at the risk of the owner and may increase or decrease in value.

As at December 31, 2019

This fund facts booklet contains individual fund facts for the segregated funds available under

the Elite & Elite XL Investment Program plans. You can choose to invest in one or more of the

funds available.

The individual fund facts describe the key features of each segregated fund including its risk level,

past performance, suitability, guarantees, and what fees and charges may apply.

The individual fund facts are not complete without the following description of your rescission

rights and our contact information.

What if I change my mind?You can change your mind about your investment within two business days of receiving your

confirmation notice.

You have to tell us in writing that you want to cancel the transaction. We will assume you have

received your confirmation notice five business days after it is mailed. The amount returned will

be the lesser of the amount you invested or the value of the fund if it has gone down. The amount

returned only applies to the specific transaction and will include a refund of any sales charges or

other fees you paid.

For more informationThis summary may not contain all of the information you need. Please read the Information Folder

and Policy Provisions for more details.

Contact Information

The Empire Life Insurance Company

259 King Street East

Kingston, Ontario K7L 3A8

Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Email: [email protected] (English) or [email protected] (French)

Introduction to Fund Facts Elite & Elite XL Investment Program Plans

Table of ContentsFund Facts

Money Market Fund .................................................................................................................... 1

Bond Fund .....................................................................................................................................3

Income Fund .................................................................................................................................5

Balanced Fund ..............................................................................................................................7

Asset Allocation Fund .................................................................................................................9

Global Balanced Fund .............................................................................................................. 11

Canadian Equity Fund ...............................................................................................................13

Dividend Growth Fund .............................................................................................................15

Elite Equity Fund .........................................................................................................................17

Small Cap Equity Fund .............................................................................................................19

American Value Fund ................................................................................................................21

Global Equity Fund ................................................................................................................... 23

Global Smaller Companies Fund .......................................................................................... 25

International Equity Fund.........................................................................................................27

Global Dividend Growth Fund .............................................................................................. 29

US Equity Index Fund ................................................................................................................31

Conservative Portfolio Fund .................................................................................................. 33

Balanced Portfolio Fund ......................................................................................................... 35

Moderate Growth Portfolio Fund ..........................................................................................37

Growth Portfolio Fund ............................................................................................................ 39

Aggressive Growth Portfolio Fund ........................................................................................41

INV-2063-EN-06/201 of 42

Note: New deposits available only to existing contract holders.

Quick FactsDate Fund Created: February 1989Managed by: Empire Life Investments Inc. Total Fund Value: $118.2 Million Fund Portfolio Turnover Rate: N/A

FUNDCLASS MINIMUM INVESTMENT

MATURITY/DEATH BENEFIT GUARANTEE (%)

MANAGEMENT EXPENSE RATIO

(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

A $500 initial, $30 per fund 75/100 1.07% $24.26 940,441

Fund Facts

Money Market Fund


What does the fund invest in?This segregated fund primarily invests in short-term securities such as treasury bills and short-term debt issued by governments and Canadian corporations.

TOP 10 INVESTMENTS† %

Great-West Lifeco Inc. 4.650% Aug 13, 2020 6.5

HSBC Bank Canada 1.816% Jul 7, 2020 5.6

Capital Desjardins Inc. 5.187% May 5, 2020 5.6

Greater Toronto Airports Authority 1.922% Jan 8, 2020 5.1

AT&T Inc. 3.825% Nov 25, 2020 4.3

BP Capital Markets PLC 3.497% Nov 9, 2020 4.3

Metropolitan Life Global Funding I 3.027% Jun 11, 2020 4.3

AltaLink Investments Limited Partnership 3.265% Jun 5, 2020 4.2

Bank of Nova Scotia 2.090% Sep 9, 2020 4.2

Toyota Credit Canada Inc. 2.050% May 20, 2020 4.2

Total 48.3

Total Investments: 25†Proportion of total fund value

Investment Segmentation (%)

• Canadian Bonds 58.1

• Short Term Investments 28.5

• U.S. Bonds 8.5

• International Bonds 4.3

• Other Net Assets (Liabilities) 0.5

• Cash and Cash Equivalents 0.1

How risky is it?

low low to moderate

moderate moderate to high

high

The value of your investments can go down. Refer to the Information Folder for more information.

Who is this fund for?This fund may be right for a person seeking income, wanting to invest mostly in Canadian bonds and is willing to accept a low level of risk.

How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.

Average Return A person who invested $1,000 on December 31, 2009 has $1,031 on December 31, 2019. This works out to an average of 0.3% a year.

Year-by-Year ReturnsThis chart shows how the fund has performed in the past.

Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.

0.0% 0.8%0.3% 0.4% 0.3%0.2% 0.2% 0.0%0.0%

-3%

0%

3%

6%

2019201820172016201520142013201220112010

1.1%

INV-2063-EN-06/20 2 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.

How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.

1. Sales Charges (Elite Investment Program only)

SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS

Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.

• 100% of your deposit is used to buy units.

• The DSC is deducted from the amount you sell.

• You can sell up to a certain percentage of your units each year without paying a DSC.

• You can transfer to other funds without paying a DSC.

• The DSC schedule begins on the date you first invest in a fund.

• Any DSC you pay goes to Empire Life.

1 year of buying 5.0

2 years of buying 4.0




After 5 years 0.0

2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.

3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.

4. Other Fees

FEE WHAT YOU PAY

100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.

Excessive Trading Fee Up to 2.00% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.

What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.

For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.

Contact information:




Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca

Email (English): [email protected]

Email (French): [email protected]

INV-2063-EN-06/203 of 42

Fund Facts

Bond Fund



Quick FactsDate Fund Created: December 1987Managed by: Empire Life Investments Inc. Total Fund Value: $622.2 Million Fund Portfolio Turnover Rate: 43.39%

FUNDCLASS

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

A $500 initial, $30 per fund 75/100 2.29% $51.01 6,257,707

What does the fund invest in?This segregated fund primarily invests in government issued bonds as well as bonds, debentures and investment grade notes issued by corporations.


Government of Canada 2.250% Jun 1, 2029 9.7

Empire Life Strategic Corporate Bond - Class F 9.1

Government of Canada 2.750% Dec 1, 2048 2.7

Province of Nova Scotia 4.500% Jun 1, 2037 2.2

Province of Quebec 3.500% Dec 1, 2045 2.1

Scotiabank Capital Trust 5.650% Dec 31, 2056 2.0

Hydro-Quebec 4.000% Feb 15, 2055 2.0

Province of New Brunswick 3.550% Jun 3, 2043 1.9

Canada Housing Trust 2.400% Dec 15, 2022 1.9

Province of Ontario 2.400% Jun 2, 2026 1.7

Total 35.3




• Segregated/Mutual Funds 9.1

• Canadian Equities 3.0

• U.S. Bonds 2.9




How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking income, wanting to invest mostly in Canadian bonds and is willing to accept a low level of risk.





-5%

0%

5%

10%

2019201820172016201520142013201220112010

2.6%-1.8%

5.2%2.5%

5.5%

-2.2%

6.6%

1.4% 0.8% 1.2%





Deferred Sales Charge (DSC)If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.












After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY


Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.







Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/205 of 42


Quick FactsDate Fund Created: January 2002Managed by: Empire Life Investments Inc. Total Fund Value: $430.7 Million Fund Portfolio Turnover Rate: 26.49%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Income Fund


What does the fund invest in?This segregated fund primarily invests in investment grade bonds, debentures and notes issued by corporations and the Government of Canada, Canadian provinces, territories and municipalities and foreign governments. The fund invests directly and in units of other Empire Life segregated funds.


American Value Fund - Class F 12.3




Royal Bank of Canada 1.700% Jan 2, 2020 1.4


Government of Canada 0.750% Sep 1, 2021 1.3


Bank of Nova Scotia 1.2

Ryder Truck Rental Canada Limited 2.033% Jan 6, 2020 1.2

Total 29.9






• International Equities 5.2


• U.S. Bonds 2.0



• U.S. Equities 0.1

How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.





-10%

-5%

0%

5%

10%

15%

2019201820172016201520142013201220112010

-4.2%

10.0%

3.7%6.3%

3.4% 2.8%6.7%

3.9% 3.4%0.4%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/207 of 42


Quick FactsDate Fund Created: February 1989Managed by: Empire Life Investments Inc. Total Fund Value: $495.5 Million Fund Portfolio Turnover Rate: 30.64%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Balanced Fund


What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily Canadian equity and fixed income securities. The fund invests directly and in units of other Empire Life segregated funds.




Canada Housing Trust No 1 1.800% Dec 15, 2024 2.0



Toronto-Dominion Bank 1.3

Royal Bank of Canada 1.3

Brookfield Asset Management Inc. 'A' 1.3


Keyera Corporation 1.1

Total 32.7







• U.S. Bonds 1.8





How risky is it?

low low to moderate


high






-20%

-10%

0%

10%

20%

2019201820172016201520142013201220112010

3.8% 3.6% -5.5%

11.8%4.2% 1.4%

8.9% 6.4% 4.5%0.1%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/209 of 42


Quick FactsDate Fund Created: May 1994Managed by: Empire Life Investments Inc. Total Fund Value: $1,212.9 Million Fund Portfolio Turnover Rate: 51.62%




(MER) NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Asset Allocation Fund


What does the fund invest in?This segregated fund primarily invests in a diversified mix of Canadian equity and fixed income securities.




Government of Canada 0.750% Sep 1, 2020 2.0

Empire Life Short Term High Income GIF - Class F 2.0


Canadian Imperial Bank of Commerce 1.8



Government of Canada 1.656% Feb 20, 2020 1.6

Cenovus Energy Inc. 1.6

Total 21.8









• U.S. Bonds 0.7



• Other Net Assets (Liabilities) -0.5

How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.




-20%

-10%

0%

10%

20%

2019201820172016201520142013201220112010

3.4%7.3%

-7.6%

12.3%

-1.9%

16.6%11.4% 7.6%

2.6%5.9%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2011 of 42

Fund Facts

Global Balanced Fund



Quick FactsDate Fund Created: June 2003Managed by: Empire Life Investments Inc. Total Fund Value: $306.3 Million Portfolio Turnover Rate: 37.38%




(MER) NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily global equity and fixed income securities.



US Treasury Notes 1.375% Aug 31, 2020 1.7

Municipal Finance Authority of British Columbia 1.794% Feb 12, 2020

1.6




Bundesrepublik Deutschland Bundesanleihe 0.000% Aug 15, 2050

1.5

Altria Group Inc. 1.4

Province of Manitoba 5.250% Sep 13, 2023 1.3

Johnson & Johnson 1.3

Total 16.0







• U.S. Bonds 7.7


• Short Term 2.7



How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in global stocks and bonds and is willing to accept a low to moderate level of risk.




-1.6% -4.6%-1.1%4.0%

15.9%

7.8% 6.3%1.7%

6.4%

-20%

-10%

0%

10%

20%

2019201820172016201520142013201220112010

10.7%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2013 of 42

Fund Facts

Canadian Equity Fund



Quick FactsDate Fund Created: October 2005Managed by: Empire Life Investments Inc. Total Fund Value: $238.8 Million Fund Portfolio Turnover Rate: 32.08%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


What does the fund invest in?This segregated fund primarily invests in Canadian mid to large market capitalization stocks.





Saputo Inc. 3.2

Cenovus Energy Inc. 3.1

Canadian Natural Resources Limited 2.9

Toromont Industries Limited 2.9

Onex Corporation Voting Shares 2.8

CGI Inc. 2.8


Total 36.1








How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.


Average returns A person who invested $1,000 on December 31, 2009 has $1,683 on December 31, 2019. This works out to an average of 5.3% a year.


12.7%18.4%

-14.8%2.8%-5.3%

10.9%

-1.4%

15.0%

5.3%

-25.0%

-12.5%

0.0%

12.5%

25.0%

2019201820172016201520142013201220112010

14.8%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2015 of 42


Quick FactsDate Fund Created: January 1998Managed by: Empire Life Investments Inc. Total Fund Value: $1,314.9 Million Fund Portfolio Turnover Rate: 24.35%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Dividend Growth Fund


What does the fund invest in?This segregated fund primarily invests in dividend paying Canadian mid to large market capitalization stocks. Equity investments include common stocks, preferred stocks, convertible preferred stocks and convertible debentures.






Bunzl PLC 3.5


Saputo Inc. 3.3

Alimentation Couche-Tard Inc. 'B' 2.9

Brookfield Property Partners Limited Partnership 2.9

Canadian Natural Resources Limited 2.9

Total 38.5








How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest in Canadian stocks and is willing to accept a low to moderate level of risk.




5.0%-15.3%

11.9%-1.9%

18.9% 16.4%5.6%-2.7%

7.1%

-20%

-5%

10%

25%

40%

2019201820172016201520142013201220112010

12.6%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2017 of 42

Fund Facts

Elite Equity Fund



Quick FactsDate Fund Created: December 1969Managed by: Empire Life Investments Inc. Total Fund Value: $1,062.3 Million Fund Portfolio Turnover Rate: 23.88%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

A $500 initial, $30 per fund 75/100 2.68% $456.45 984,202

What does the fund invest in?This segregated fund primarily invests in Canadian large market capitalization stocks, with some exposure to foreign securities. The fund invests directly and in units of other Empire Life segregated funds.









Government of Canada 1.650% Jan 23, 2020 1.9

Canadian Treasury Bill 1.646% Mar 5, 2020 1.9

Bank of Montreal 1.8

Total 51.4








How risky is it?

low low to moderate


high






-25%

-15%

-5%

5%

15%

25%

2019201820172016201520142013201220112010

7.1% 5.9%

17.4%

-5.7%

22.9%

11.3%3.4%

10.1%6.1%

-8.0%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2019 of 42


Quick FactsDate Fund Created: January 1998Managed by: Empire Life Investments Inc. Total Fund Value: $138.8 Million Fund Portfolio Turnover Rate: 48.94%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Small Cap Equity Fund


What does the fund invest in?This segregated fund primarily invests in Canadian small to mid market capitalization stocks.


People Corporation 3.5

Kelt Exploration Limited 3.5

K-Bro Linen Inc. 3.4

Cineplex Inc. 3.0

Innergex Renewable Energy Inc. 2.8

TORC Oil & Gas Limited 2.8

Cott Corporation 2.7

The Westaim Corporation 2.6

Element Fleet Management Corporation 2.5

CES Energy Solutions Corporation 2.5

Total 29.3







How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks of smaller companies and is willing to accept a moderate level of risk.


Average Return

A person who invested $1,000 on December 31, 2009 has $1,172 on December 31, 2019. This works out to an average of 1.6% a year.


-30%

-18%

-6%

6%

18%

30%

2019201820172016201520142013201220112010

0.1% -23.1%11.3%

22.2%

-16.6%7.9% 3.3% -1.1%

14.4%6.5%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2021 of 42

Fund Facts

American Value Fund



Quick FactsDate Fund Created: January 2002Managed by: Empire Life Investments Inc. Total Fund Value: $1,046.6 Million Fund Portfolio Turnover Rate: 39.59%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


What does the fund invest in?This segregated fund primarily invests in U.S. mid to large market capitalization stocks.



Anthem Inc. 3.3

AT&T Inc. 3.3

Visa Inc. 'A' 3.1

Lowe's Companies Inc. 3.0

Microsoft Corporation 3.0

Alphabet Inc. 'C' 2.9

Apple Inc. 2.9

MasterCard Inc. 'A' 2.8

Philip Morris International Inc. 2.8

Total 32.7







How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in U.S. stocks and is willing to accept a low to moderate level of risk.




-10%

5%

20%

35%

2019201820172016201520142013201220112010

34.5%

0.5%

23.6%

0.7% -1.7%6.0% 9.9%10.2%

13.1%19.3%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2023 of 42


Quick FactsDate Fund Created: February 1989Managed by: Empire Life Investments Inc. Total Fund Value: $162.6 Million Fund Portfolio Turnover Rate: 101.02%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Global Equity Fund


What does the fund invest in?This segregated fund primarily invests in developed markets such as North America, Europe and Asia, but may also invest in emerging markets.



Visa Inc. 'A' 2.1

MasterCard Inc. 'A' 1.9

AT&T Inc. 1.9


Microsoft Corporation 1.7

Anthem Inc. 1.7

Alphabet Inc. 'C' 1.7

Apple Inc. 1.7

Philip Morris International Inc. 1.6

Total 21.6








How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate level of risk.




-0.7% -8.8%13.6%

31.9%

11.3% 12.4%-1.6%

15.5%

-1.8%

-25%

0%

25%

50%

2019201820172016201520142013201220112010

17.6%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2025 of 42


Quick FactsDate Fund Created: October 2005Managed by: Empire Life Investments Inc. Total Fund Value: $34.2 Million Fund Portfolio Turnover Rate: 33.34%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

Global Smaller Companies Fund


What does the fund invest in?This segregated fund primarily invests in small to mid market capitalization stocks in developed markets such as North America, Europe, and Asia, but may also invest in emerging markets.



China Lesso Group Holdings Limited 2.6

ANSYS Inc. 2.5

Tyler Technologies Inc. 2.5

CDW Corporation 2.4

Teleperformance 2.3

American Water Works Company Inc. 2.3

Church & Dwight Company Inc. 2.1

Intertek Group PLC 2.1

MSCI Inc. 'A' 2.0

Total 35.2


Investment Segmentation for the fund (%)







How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks of smaller companies and is willing to accept a low to moderate level of risk.





-20%

-5%

10%

25%

40%

2019201820172016201520142013201220112010

-6.1%

21.7%13.6%

-19.8% 2.5%11.2%13.0%

27.7%

5.8%

24.8%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2027 of 42


Quick FactsDate Fund Created: June 2003Managed by: Empire Life Investments Inc. Total Fund Value: $129.9 Million Fund Portfolio Turnover Rate: 73.28%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


Fund Facts

International Equity Fund


What does the fund invest in?This segregated fund primarily invests in developed markets such as Europe and Asia, but may also invest in North America and in emerging markets.



Nestle SA 3.2

Novartis AG 2.9

Air Liquide SA 2.7

Kerry Group PLC 2.5

SAP SE 2.5

Safran SA 2.5

Vonovia SE 2.4

Bayerische Motoren Werke AG 2.4

Diageo PLC 2.4

Total 28.3








How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a moderate level of risk.




-25.0%

-12.5%

0.0%

12.5%

25.0%

2019201820172016201520142013201220112010

-4.3% 2.5%

15.9% 14.8%

-9.1%-16.4%

14.5%23.8%

-8.7%

17.9%


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2029 of 42

Fund Facts

Global Dividend Growth Fund



Quick FactsDate Fund Created: May 2007Managed by: Empire Life Investments Inc. Total Fund Value: $91.2 Million Portfolio Turnover Rate: 42.61%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


What does the fund invest in?This segregated fund primarily invests in dividend paying global mid to large market capitalization stocks. Equity investments include common stocks, preferred stocks, convertible preferred stocks, and convertible debentures.




Occidental Petroleum Corporation 3.0

Nestle SA 2.5

Airbus SE 2.5

Ross Stores Inc. 2.4

Visa Inc. 'A' 2.4

UnitedHealth Group Inc. 2.3

First Republic Bank 2.3

American Water Works Company Inc. 2.3

Total 32.6









How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate level of risk.


Average ReturnA person who invested $1,000 on December 31, 2009 has $2,107 on December 31, 2019. This works out to an average of 7.7% a year.



-1.7%-0.5% -5.5%

9.4%

26.6%

9.4%13.9%

-3.7%

15.3%

-10%

-2%

6%

14%

22%

30%

2019201820172016201520142013201220112010

18.9%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY



What if I change my mind?

You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.






Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2031 of 42

Fund Facts

US Equity Index Fund


What does the fund invest in?This segregated fund primarily invests in exchange traded funds (ETFs) and/or futures contracts.



Government of Canada 1.755% Jan 9, 2020 7.7

Great-West Lifeco Inc. 4.650% Aug 13, 2020 6.3

Capital Desjardins Inc. 5.187% May 5, 2020 6.3

Inter Pipeline Limited 3.448% Jul 20, 2020 6.2

Metropolitan Life Global Funding I 3.027% Jun 11, 2020 6.2

Enbridge Gas Distribution Inc. 2.011% Jan 13, 2020 6.2

Daimler Canada Finance Inc. 1.570% May 25, 2020 6.2

John Deere Canada Funding Inc. 1.600% Jul 13, 2020 6.2

AT&T Inc. 3.825% Nov 25, 2020 4.7

Total 64.3





• U.S. Bonds 10.9




How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in U.S. stocks and is willing to accept a moderate level of risk.


Average Return

A person who invested $1,000 on December 31, 2009 has $2,662 on December 31, 2019. This works out to an average of 10.3% a year.



-15%

0%

15%

30%

2019201820172016201520142013201220112010

11.1%

-1.4%

13.2%

-7.9%

27.0%29.9%

11.3%

-1.1%9.0%

17.6%


Quick FactsDate Fund Created: January 1998Managed by: Empire Life Investments Inc. Total Fund Value: $64.6 Million Portfolio Turnover Rate: N/A




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2033 of 42

Fund Facts

Conservative Portfolio Fund



Quick FactsDate Fund Created: September 2004Managed by: Empire Life Investments Inc. Total Fund Value: $114.4 Million Portfolio Turnover Rate: 5.49%




(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 65% fixed income and 35% equities.


Bond Fund - Class A 64.3


Empire Life Strategic Corporate Bond GIF -Class F 9.1


Province of Nova Scotia 4.500% Jun 1, 2037 2.2

Province of Quebec 3.500% Dec 1, 2045 2.1


Hydro-Quebec 4.000% Feb 15, 2055 2.0

Province of New Brunswick 3.550% Jun 3, 2043 1.9


Province of Ontario 2.400% Jun 2, 2026 1.7

Canadian Equity Fund - Class A 12.4

Dividend Growth Fund - Class A 12.1

American Value Fund - Class A 5.3

International Equity Fund - Class A 4.9


Total 100.0





How risky is it?

low low to moderate


high







-10%

-5%

0%

5%

10%

15%

2019201820172016201520142013201220112010

8.1%3.4%

-5.3%0.1%3.8% 5.8% 7.5%

1.8%4.1% 3.3%



1. Sales Charges (Elite Investment Option only)














After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2035 of 42

Fund Facts

Balanced Portfolio Fund







(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING









Small Cap Equity Fund - Class A 4.0


Total 99.9







How risky is it?

low low to moderate


high







-15%-10%-5%0%5%

10%15%

2019201820172016201520142013201220112010

9.8%4.3%

-7.1%-3.0%4.3%

8.9% 7.8%2.2%

5.3% 4.5%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2037 of 42

Fund Facts

Moderate Growth Portfolio Fund







(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING











Total 100.0







How risky is it?

low low to moderate


high







-25%

-15%

-5%

5%

15%

25%

2019201820172016201520142013201220112010

-8.5%

11.2%

-4.8%5.2% 4.8%

12.5%8.2%

2.5% 6.5% 5.5%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2039 of 42

Fund Facts

Growth Portfolio Fund







(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING











Total 100.1






How risky is it?

low low to moderate


high


Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.





2.1%8.9% 6.2%

-11.0%6.9%

-6.8%4.9%

15.2%8.3%

-15%

-5%

5%

15%

25%

2019201820172016201520142013201220112010

12.6%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/2041 of 42

Fund Facts

Aggressive Growth Portfolio Fund







(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 100% equities.








Total 100.1






How risky is it?

low low to moderate


high







-13.2%

9.1%

-9.1%5.4% 8.6%

2.4%

11.1%7.6%

19.5%

-15%

-5%

5%

15%

25%

2019201820172016201520142013201220112010

14.5%

















After 5 years 0.0



4. Other Fees

FEE WHAT YOU PAY









Phone Number: 1 800 561-1268

Fax: 1 800 419-4051

Web: www.empire.ca



INV-2063-EN-06/20


259 King Street East,

Kingston, ON K7L 3A8

The Empire Life Insurance Company (Empire Life) is a proud Canadian company

that has been in business since 1923. We offer individual and group life and health

insurance, investment and retirement products, including mutual funds through our

wholly-owned subsidiary Empire Life Investments Inc.

Empire Life is among the top 10 life insurance companies in Canada1 and is rated A

(Excellent) by A.M. Best Company2. Our mission is to make it simple, fast and easy

for Canadians to get the investment, insurance and group benefits coverage they

need to build wealth, generate income, and achieve financial security.

Follow Empire Life on Twitter @EmpireLife or visit our website, www.empire.ca for

more information.1 Based on total assets as reported in December 31, 2018 OSFI filings2 As at June 14, 2019. For the latest rating, access www.ambest.com.

The information in this document is for general information purposes only and is not to be construed as providing legal, tax, financial or professional advice. The Empire Life Insurance Company assumes no responsibility for any reliance made on or misuse or omissions of the information contained in this document. Please seek professional advice before making any decision.® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.

Insurance & Investments – Simple. Fast. Easy.®

empire.ca [email protected] 1 877 548-1881

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