EMPIRE LIFE
SMALL CAP EQUITY MUTUAL FUND

Series A Mutual Fund as of August 31, 2017

PORTFOLIO MANAGER Jennifer Law, CFA Empire Life Investment Team	WHY INVEST IN THIS FUND You are seeking growth by investing primarily in Canadian small cap equity securities
FUND FACTS Asset Class Canadian Equity Size (Mill) $0.5 MER (2019) 2.55 % Inception January 9, 2012 Total Holdings 67	RISK TOLERANCE low low to medium medium medium to high high
	GROWTH OF $10,000 - SINCE INCEPTION For Illustration Purposes Only
	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception 0.37 -2.56 0.30 0.16 3.10 5.06   3.61 CALENDAR YEAR RETURNS 2009 2010 2011 2012 2013 2014 2015 2016         8.25 2.88 -0.92 14.82 RECENT DISTRIBUTIONS Oct-2016 Nov-2016 Dec-2016 Jan-2017 Feb-2017 Mar-2017             Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017       2.6531

Empire Life Investments Inc. is the Manager of the Empire Life Mutual Funds (the “Funds”). The units of the Funds are available only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such units. Annual Compound Returns: Returns under 1 year are simple rates of return. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemptions, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. ^® Registered trademark of The Empire Life Insurance Company. Empire Life Investments Inc. is a licensed user of this trademark.