EMPIRE LIFE EQUITY GROWTH FUND #3

Segregated Funds as of March 31, 2024 Closed To New Investors

INVESTMENT MANAGEMENT Empire Life Investment Team	WHY INVEST IN THIS FUND You are seeking growth by investing primarily in Canadian large cap equity securities
FUND FACTS Asset Class Canadian Equity Size (Mill) $1.47 MER 2.35 % Inception January 29, 1971 Total Holdings 182	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX Canadian Equities 50.6 % U.S. Equities 33.0 % International Equities 9.7 % Cash and Cash Equivalents 6.7 % SECTOR MIX Financials 26.1 % Energy 14.3 % Industrials 12.9 % Information technology 12.9 % Consumer discretionary 7.0 % Consumer staples 6.3 % Materials 6.1 % Health care 5.9 % Utilities 3.6 % Communication services 3.2 % Real Estate 1.8 %	GROWTH OF $10,000 For Illustration Purposes Only
TOP 10 HOLDINGS Royal Bank of Canada 3.3 % Microsoft Corporation 2.8 % Toronto-Dominion Bank 2.3 % ROYAL BK OF CAD 5.3% 01APR24 $USD TD 2.0 % Agnico Eagle Mines Limited 1.9 % Bank of Montreal 1.8 % Canadian Natural Resources Limited 1.7 % Brookfield Asset Management Inc. 'A' 1.7 % Canadian Pacific Railway Limited 1.6 % Cameco Corp. 1.6 % Total of Top 10 20.7 %	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception 3.30 7.33 7.33 13.02 8.17 8.20 7.42 10.41 CALENDAR YEAR RETURNS 2016 2017 2018 2019 2020 2021 2022 2023 11.13 7.15 -7.91 18.06 3.11 20.66 -2.85 8.07

Empire Life will endeavour to ensure the information presented is accurate and updated, but will not be held liable for inaccuracies. A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. ** Annual Compound Returns: Returns under 1 year are simple rates of return. All others are annual compound rates of return. All returns are calculated after taking expenses, management and administration fees into account. Past performance is no guarantee of future performance. ^® Registered Trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.