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FUND FACTS ELITE & 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
INV-2063-EN-06/20
Introduction to Fund Facts Elite & Elite XL Investment Program Plans
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 information This 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)
Fund Facts
Table of Contents
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
Fund Facts
••••••
Money Market Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $118.2 Million Fund Portfolio Turnover Rate: N/A
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 1.07% $24.26 940,441
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
† Proportion of total fund value
Total Investments: 25
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?
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 Returns This 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.
low low to moderate
moderate moderate to high
high
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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: December 1987 Managed by: Empire Life Investments Inc. Total Fund Value: $622.2 Million Fund Portfolio Turnover Rate: 43.39%
FUND CLASS
MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
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.
TOP 10 INVESTMENTS† %
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
† Proportion of total fund value Total Investments: 105
Investment Segmentation (%)
Canadian Bonds 83.3 Segregated/Mutual Funds 9.1 Canadian Equities 3.0 U.S. Bonds 2.9 International Bonds 0.8 Short Term Investments 0.5 Other Net Assets (Liabilities) 0.4
How risky is it?
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 $1,235 on December 31, 2019. This works out to an average of 2.1% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 4 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/205 of 42
Fund Facts
•••••••••
Income Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: January 2002 Managed by: Empire Life Investments Inc. Total Fund Value: $430.7 Million Fund Portfolio Turnover Rate: 26.49%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.28% $19.90 5,270,625
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.
TOP 10 INVESTMENTS† %
American Value Fund - Class F 12.3
Empire Life Strategic Corporate Bond - Class F 5.4
Government of Canada 2.250% Jun 1, 2029 2.8
Government of Canada 2.750% Dec 1, 2048 1.7
Royal Bank of Canada 1.700% Jan 2, 2020 1.4
Canada Housing Trust 2.400% Dec 15, 2022 1.3
Government of Canada 0.750% Sep 1, 2021 1.3
Scotiabank Capital Trust 5.650% Dec 31, 2056 1.3
Bank of Nova Scotia 1.2
Ryder Truck Rental Canada Limited 2.033% Jan 6, 2020 1.2
Total 29.9
† Proportion of total fund value Total Investments: 204
Investment Segmentation (%)
Canadian Bonds 52.5 Segregated/Mutual Funds 17.7 Canadian Equities 17.5 International Equities 5.2 Short Term Investments 4.2 U.S. Bonds 2.0 International Bonds 0.5 Other Net Assets (Liabilities) 0.3 U.S. Equities 0.1
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and 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 $1,420 on December 31, 2019. This works out to an average of 3.6% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 6 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/207 of 42
Fund Facts
•••••••••
Balanced Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $495.5 Million Fund Portfolio Turnover Rate: 30.64%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.67% $53.95 3,283,017
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.
TOP 10 INVESTMENTS† %
American Value Fund - Class F 19.1
Government of Canada 2.250% Jun 1, 2029 2.3
Canada Housing Trust No 1 1.800% Dec 15, 2024 2.0
Bank of Nova Scotia 1.8
Canada Housing Trust 1.150% Dec 15, 2021 1.4
Toronto-Dominion Bank 1.3
Royal Bank of Canada 1.3
Brookfield Asset Management Inc. 'A' 1.3
Government of Canada 2.750% Dec 1, 2048 1.1
Keyera Corporation 1.1
Total 32.7
† Proportion of total fund value Total Investments: 202
Investment Segmentation (%)
Canadian Bonds 44.6 Canadian Equities 25.3 Segregated/Mutual Funds 19.1 International Equities 7.4 U.S. Bonds 1.8 Short Term Investments 1.0 International Bonds 0.4 Other Net Assets (Liabilities) 0.3 U.S. Equities 0.1
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and 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 $1,456 on December 31, 2019. This works out to an average of 3.8% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
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%
INV-2063-EN-06/20 8 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/209 of 42
Fund Facts
••••••••••
Asset Allocation Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: May 1994 Managed by: Empire Life Investments Inc. Total Fund Value: $1,212.9 Million Fund Portfolio Turnover Rate: 51.62%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER) NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.66% $36.95 5,905,608
What does the fund invest in? This segregated fund primarily invests in a diversified mix of Canadian equity and fixed income securities.
TOP 10 INVESTMENTS† %
Empire Life Strategic Corporate Bond - Class F 5.0
Royal Bank of Canada 1.700% Jan 2, 2020 2.5
Government of Canada 0.750% Sep 1, 2020 2.0
Empire Life Short Term High Income GIF - Class F 2.0
Bank of Nova Scotia 1.8
Canadian Imperial Bank of Commerce 1.8
Brookfield Asset Management Inc. 'A' 1.8
Canada Housing Trust 2.400% Dec 15, 2022 1.7
Government of Canada 1.656% Feb 20, 2020 1.6
Cenovus Energy Inc. 1.6
Total 21.8
† Proportion of total fund value Total Investments: 216
Investment Segmentation (%)
Canadian Equities 32.5 Canadian Bonds 26.3 U.S. Equities 15.2 Short Term Investments 11.3 International Equities 7.2 Segregated/Mutual Funds 6.9 U.S. Bonds 0.7 International Bonds 0.3 Cash and Cash Equivalents 0.1 Other Net Assets (Liabilities) -0.5
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate 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 $1,714 on December 31, 2019. This works out to an average of 5.5% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 10 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2011 of 42
Fund Facts
•••••••••
Global Balanced Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: June 2003 Managed by: Empire Life Investments Inc. Total Fund Value: $306.3 Million Portfolio Turnover Rate: 37.38%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER) NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.95% $13.22 1,229,500
What does the fund invest in? This segregated fund primarily invests in a diversified mix of primarily global equity and fixed income securities.
TOP 10 INVESTMENTS† %
Brookfield Asset Management Inc. 'A' 2.5
US Treasury Notes 1.375% Aug 31, 2020 1.7
Municipal Finance Authority of British Columbia 1.794% Feb 12, 2020
1.6
Bank of Nova Scotia 1.6
Toronto-Dominion Bank 1.6
Royal Bank of Canada 1.5
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
† Proportion of total fund value Total Investments: 126
Investment Segmentation (%)
U.S. Equities 25.9 Canadian Equities 24.1 International Equities 19.3 Canadian Bonds 17.0 U.S. Bonds 7.7 International Bonds 2.9 Short Term 2.7 Other Net Assets (Liabilities) 0.2 Cash and Cash Equivalents 0.2
How risky is it?
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 growth and income, wanting to invest mostly in global stocks and bonds and is willing to accept a low to moderate 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 $1,538 on December 31, 2019. This works out to an average of 4.4% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 12 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2013 of 42
Fund Facts
•••••
Canadian Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: October 2005 Managed by: Empire Life Investments Inc. Total Fund Value: $238.8 Million Fund Portfolio Turnover Rate: 32.08%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.70% $16.03 12,846,705
What does the fund invest in? This segregated fund primarily invests in Canadian mid to large market capitalization stocks.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 6.0
Brookfield Asset Management Inc. 'A' 4.9
Toronto-Dominion Bank 4.9
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
Bank of Nova Scotia 2.6
Total 36.1
† Proportion of total fund value Total Investments: 53
Investment Segmentation (%)
Canadian Equities 87.5 U.S. Equities 6.8 Short Term Investments 3.8 International Equities 1.8 Cash and Cash Equivalents 0.1
How risky is it?
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 growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate 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 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.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
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%
INV-2063-EN-06/20 14 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2015 of 42
Fund Facts
•••••
Dividend Growth Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $1,314.9 Million Fund Portfolio Turnover Rate: 24.35%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.68% $37.15 14,731,844
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.
TOP 10 INVESTMENTS† %
Bank of Nova Scotia 5.1
Brookfield Asset Management Inc. 'A' 4.9
Toronto-Dominion Bank 4.9
Royal Bank of Canada 4.8
Bunzl PLC 3.5
Keyera Corporation 3.3
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
† Proportion of total fund value Total Investments: 45
Investment Segmentation (%)
Canadian Equities 73.5 International Equities 12.9 U.S. Equities 8.0 Short Term Investments 5.4 Other Net Assets (Liabilities) 0.2
How risky is it?
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 growth, wanting to invest in Canadian stocks and is willing to accept a low to moderate 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 $1,675 on December 31, 2019. This works out to an average of 5.3% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
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%
INV-2063-EN-06/20 16 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2017 of 42
Fund Facts
•••••
Elite Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: December 1969 Managed by: Empire Life Investments Inc. Total Fund Value: $1,062.3 Million Fund Portfolio Turnover Rate: 23.88%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
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.
TOP 10 INVESTMENTS† %
American Value Fund - Class F 31.6
Bank of Nova Scotia 3.2
Toronto-Dominion Bank 2.4
Royal Bank of Canada 2.3
Brookfield Asset Management Inc. 'A' 2.3
Royal Bank of Canada 1.700% Jan 2, 2020 2.1
Keyera Corporation 1.9
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
† Proportion of total fund value Total Investments: 99
Investment Segmentation (%)
Canadian Equities 45.8 Segregated/Mutual Funds 31.6 International Equities 12.9 Short Term Investments 9.3 Other Net Assets (Liabilities) 0.2
How risky is it?
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 growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate 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 $1,908 on December 31, 2019. This works out to an average of 6.7% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
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%
INV-2063-EN-06/20 18 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2019 of 42
Fund Facts
••••
Small Cap Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $138.8 Million Fund Portfolio Turnover Rate: 48.94%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.69% $29.68 4,041,738
What does the fund invest in? This segregated fund primarily invests in Canadian small to mid market capitalization stocks.
TOP 10 INVESTMENTS† %
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
† Proportion of total fund value
Total Investments: 65
Investment Segmentation (%)
Canadian Equities 94.5 U.S. Equities 3.0 International Equities 1.8 Short Term Investments 0.7
How risky is it?
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 growth, wanting to invest mostly in Canadian stocks of smaller companies and is willing to accept a moderate 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 $1,172 on December 31, 2019. This works out to an average of 1.6% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 20 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2021 of 42
Fund Facts
••••
American Value Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: January 2002 Managed by: Empire Life Investments Inc. Total Fund Value: $1,046.6 Million Fund Portfolio Turnover Rate: 39.59%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.69% $21.14 9,597,924
What does the fund invest in? This segregated fund primarily invests in U.S. mid to large market capitalization stocks.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.550% Jan 2, 2020 5.6
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
† Proportion of total fund value Total Investments: 58
Investment Segmentation (%)
U.S. Equities 85.1 Short Term Investments 8.0 International Equities 6.5 Other Net Assets (Liabilities) 0.4
How risky is it?
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 growth, wanting to invest mostly in U.S. stocks and is willing to accept a low to moderate 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 $2,867 on December 31, 2019. This works out to an average of 11.1% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 22 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2023 of 42
Fund Facts
•••••
Global Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $162.6 Million Fund Portfolio Turnover Rate: 101.02%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.67% $43.77 1,260,830
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.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 5.5
Visa Inc. 'A' 2.1
MasterCard Inc. 'A' 1.9
AT&T Inc. 1.9
Altria Group Inc. 1.8
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
† Proportion of total fund value Total Investments: 105
Investment Segmentation (%)
U.S. Equities 49.6 International Equities 44.5 Short Term Investments 5.5 Other Net Assets (Liabilities) 0.4 Cash and Cash Equivalents 0.1
How risky is it?
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 growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate 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 $2,224 on December 31, 2019. This works out to an average of 8.3% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 24 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2025 of 42
Fund Facts
••••••
Global Smaller Companies Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: October 2005 Managed by: Empire Life Investments Inc. Total Fund Value: $34.2 Million Fund Portfolio Turnover Rate: 33.34%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 3.06% $16.99 1,276,309
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.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 14.4
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
† Proportion of total fund value Total Investments: 50
Investment Segmentation for the fund (%)
International Equities 44.0 U.S. Equities 39.4 Short Term Investments 14.4 Canadian Equities 1.8 Other Net Assets (Liabilities) 0.3 Cash and Cash Equivalents 0.1
How risky is it?
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 growth, wanting to invest mostly in global stocks of smaller companies and is willing to accept a low to moderate 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 $2,262 on December 31, 2019. This works out to an average of 8.5% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 26 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2027 of 42
Fund Facts
•••••
International Equity Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: June 2003 Managed by: Empire Life Investments Inc. Total Fund Value: $129.9 Million Fund Portfolio Turnover Rate: 73.28%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 3.03% $14.05 7,013,932
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.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 4.8
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
† Proportion of total fund value
Total Investments: 54
Investment Segmentation (%)
International Equities 90.6 Short Term Investments 7.1 U.S. Equities 2.0 Other Net Assets (Liabilities) 0.2 Cash and Cash Equivalents 0.1
How risky is it?
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 growth, wanting to invest mostly in global stocks and is willing to accept a moderate 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 $1,512 on December 31, 2019. This works out to an average of 4.2% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 28 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2029 of 42
Fund Facts
••••••
Global Dividend Growth Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: May 2007 Managed by: Empire Life Investments Inc. Total Fund Value: $91.2 Million Portfolio Turnover Rate: 42.61%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.63% $12.31 4,782,866
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.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2020 9.6
Altria Group Inc. 3.3
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
† Proportion of total fund value Total Investments: 53
Investment Segmentation (%)
U.S. Equities 53.2 International Equities 34.9 Short Term Investments 9.6 Canadian Equities 2.1 Other Net Assets (Liabilities) 0.1 Cash and Cash Equivalents 0.1
How risky is it?
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 growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate 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 $2,107 on December 31, 2019. This works out to an average of 7.7% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 30 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2031 of 42
Fund Facts
••••••
US Equity Index Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $64.6 Million Portfolio Turnover Rate: N/A
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.73% $24.05 1,978,653
What does the fund invest in? This segregated fund primarily invests in exchange traded funds (ETFs) and/or futures contracts.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.550% Jan 2, 2020 8.3
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
† Proportion of total fund value Total Investments: 20
Investment Segmentation (%)
Canadian Bonds 45.1 Short Term Investments 41.2 U.S. Bonds 10.9 International Bonds 1.6 Cash and Cash Equivalents 0.6 Other Net Assets (Liabilities) 0.6
How risky is it?
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 growth, wanting to invest mostly in U.S. stocks and is willing to accept a moderate 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 $2,662 on December 31, 2019. This works out to an average of 10.3% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
-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%
INV-2063-EN-06/20 32 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2033 of 42
Fund Facts
••
Conservative Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $114.4 Million Portfolio Turnover Rate: 5.49%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.57% $15.18 2,420,058
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.
TOP 10 INVESTMENTS† %
Bond Fund - Class A 64.3
Government of Canada 2.250% Jun 1, 2029 9.7
Empire Life Strategic Corporate Bond GIF -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
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
Royal Bank of Canada 1.700% Jan 2, 2020 1.0
Total 100.0
† Proportion of total fund value Total Investments: 6
Investment Segmentation for the fund (%)
Segregated/Mutual Funds 99.0 Short Term Investments 1.0
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and 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 $1,370 on December 31, 2019. This works out to an average of 3.2% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
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%
INV-2063-EN-06/20 34 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 Option only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2035 of 42
Fund Facts
••••
Balanced Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $156.6 Million Portfolio Turnover Rate: 0.69%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.62% $15.50 2,409,878
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 50% fixed income and 50% equities.
TOP 10 INVESTMENTS† %
Bond Fund - Class A 48.6
Dividend Growth Fund - Class A 15.3
Canadian Equity Fund - Class A 15.0
American Value Fund - Class A 8.4
International Equity Fund - Class A 7.6
Small Cap Equity Fund - Class A 4.0
Royal Bank of Canada 1.700% Jan 2, 2020 1.0
Total 99.9
† Proportion of total fund value Total Investments: 7
Investment Segmentation for the fund (%)
Segregated/Mutual Funds 98.9 Short Term Investments 1.0 Cash and Cash Equivalents 0.2 Other Net Assets (Liabilities) -0.1
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and 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 $1,419 on December 31, 2019. This works out to an average of 3.6% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
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%
INV-2063-EN-06/20 36 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2037 of 42
Fund Facts
••••
Moderate Growth Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $238.0 Million Portfolio Turnover Rate: 0.21%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.71% $16.03 3,817,561
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 35% fixed income and 65% equities.
TOP 10 INVESTMENTS† %
Bond Fund - Class A 34.7
Canadian Equity Fund - Class A 20.4
Dividend Growth Fund - Class A 19.4
American Value Fund - Class A 10.9
International Equity Fund - Class A 9.9
Small Cap Equity Fund - Class A 4.0
Royal Bank of Canada 1.700% Jan 2, 2020 0.7
Total 100.0
† Proportion of total fund value Total Investments: 7
Investment Segmentation for the fund (%)
Segregated/Mutual Funds 99.3 Short Term Investments 0.7 Cash and Cash Equivalents 0.1 Other Net Assets (Liabilities) -0.1
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and 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 $1,498 on December 31, 2019. This works out to an average of 4.1% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
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%
INV-2063-EN-06/20 38 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2039 of 42
Fund Facts
•••
Growth Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $199.9 Million Portfolio Turnover Rate: 3.14%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.75% $16.61 1,772,481
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 20% fixed income and 80% equities.
TOP 10 INVESTMENTS† %
Canadian Equity Fund - Class A 24.7
Dividend Growth Fund - Class A 24.4
Bond Fund - Class A 19.4
American Value Fund - Class A 10.7
International Equity Fund - Class A 10.2
Small Cap Equity Fund - Class A 9.9
Royal Bank of Canada 1.700% Jan 2, 2020 0.8
Total 100.1
† Proportion of total fund value Total Investments: 7
Investment Segmentation for the fund (%)
Segregated/Mutual Funds 99.3 Short Term Investments 0.8 Other Net Assets (Liabilities) -0.1
How risky is it?
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 growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate 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 $1,543 on December 31, 2019. This works out to an average of 4.4% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
high
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%
INV-2063-EN-06/20 40 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/2041 of 42
Fund Facts
•••
Aggressive Growth Portfolio Fund
As at December 31, 2019
Note: New deposits available only to existing contract holders.
Quick Facts Date Fund Created: September 2004 Managed by: Empire Life Investments Inc. Total Fund Value: $161.6 Million Portfolio Turnover Rate: 4.33%
FUND CLASS MINIMUM INVESTMENT
MATURITY/ DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNIT UNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.80% $17.58 1,123,647
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.
TOP 10 INVESTMENTS† %
Canadian Equity Fund - Class A 29.9
Dividend Growth Fund - Class A 29.2
Small Cap Equity Fund - Class A 14.7
American Value Fund - Class A 12.9
International Equity Fund - Class A 12.6
Royal Bank of Canada 1.700% Jan 2, 2020 0.8
Total 100.1
† Proportion of total fund value Total Investments: 6
Investment Segmentation for the fund (%)
Segregated/Mutual Funds 99.3
Short Term Investments 0.8
Other Net Assets (Liabilities) -0.1
How risky is it?
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 growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate 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 $1,647 on December 31, 2019. This works out to an average of 5.1% a year.
Year-by-Year Returns This 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.
low low to moderate
moderate moderate to high
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%
INV-2063-EN-06/20 42 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: %
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
• 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.
2. Ongoing Fund Expenses The 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 Commissions Empire 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% 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:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
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-06/20
The Empire Life Insurance Company
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.
1 Based on total assets as reported in December 31, 2018 OSFI filings 2 As at June 14, 2019. For the latest rating, access www.ambest.com.
Follow Empire Life on Twitter @EmpireLife or visit our website, www.empire.ca for
more information.
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