EMPIRE LIFE GLOBAL BALANCED FUND

Class A Segregated Funds as of March 31, 2024

INVESTMENT MANAGEMENT Ian Fung, CFA Doug Cooper, CFA Ashley Misquitta, CFA David Mann, CFA	WHY INVEST IN THIS FUND You are seeking growth and income by investing in a strategic mix of primarily global equity and fixed income securities, with a target equity allocation of 70%
FUND FACTS Asset Class Global Balanced Size (Mill) $302.57 MER (2020) 2.95 % Inception June 23, 2003 Total Holdings 163	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX Canadian Equities 29.6 % U.S. Equities 26.2 % International Equities 14.6 % U.S. Bonds 12.6 % Canadian Bonds 7.9 % International Bonds 6.5 % Cash and Cash Equivalents 2.6 % SECTOR MIX Financials 26.4 % Energy 13.5 % Health care 10.9 % Industrials 9.0 % Consumer discretionary 8.4 % Information technology 7.7 % Consumer staples 7.4 % Communication services 5.9 % Materials 5.0 % Utilities 4.3 % Real Estate 1.5 %	GROWTH OF $10,000 For Illustration Purposes Only
TOP 10 HOLDINGS Toronto-Dominion Bank 2.4 % Canadian Natural Resources Limited 2.1 % Province of British Columbia, 1.3%, 1/29/2031 1.8 % United States Treasury Note, 2.88%, 5/15/2032 1.8 % Royal Bank of Canada 1.8 % Microsoft Corporation 1.5 % ROYAL BK OF CAD 4.95% 01APR24 TD 1.5 % Cintas Corporation 1.4 % Government of Canada 2.000% June 1, 2028 1.4 % Merck & Company Inc. 1.2 % Total of Top 10 17.0 %	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception 2.43 4.87 4.87 7.58 2.94 3.56 3.77 2.05 CALENDAR YEAR RETURNS 2016 2017 2018 2019 2020 2021 2022 2023 1.74 6.36 -4.60 10.72 3.69 8.15 -6.46 4.52

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.