EMPIRE LIFE INCOME GIF

Class L Guaranteed Investment Funds as of August 31, 2019

INVESTMENT MANAGEMENT Empire Life Investment Team	WHY INVEST IN THIS FUND You are seeking growth and income by investing in a strategic mix of primarily Canadian equity and fixed income securities.
FUND FACTS Asset Class Canadian Balanced Size (Mill) $402.61 MER 2.27 % Inception November 3, 2014 Total Holdings 346	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX Canadian Bonds 57.4 % Canadian Equity 18.5 % US Equity 10.6 % International Equity 4.9 % Cash 4.9 % US Bonds 3.7 % BOND TYPE Investment Grade Corporate 51.3 % Provincial Government 24.4 % Federal Government 15.9 % High Yield Corporate 5.1 % Municipal Government 1.6 % Convertible 0.6 % Preferred Shares 0.6 % Floating Rate 0.5 %	GROWTH OF $10,000 For Illustration Purposes Only
TOP 10 HOLDINGS CANADIAN GOVERNMENT BOND 2.75% 01DEC48 1.9 % CANADA HOUSING TRUST 2.4% 15DEC22 1.4 % SCOTIABANK CAP 5.65% 31DEC56 1.4 % ROYAL BK OF CANADA 1.7% 03SEP19 TD 1.2 % BANK OF NOVA SCOTIA CAD 1.2 % HYDRO ONE INC 05SEP19 DN 1.2 % CANADIAN GOVERNMENT BOND 2.0% 01JUN28 1.2 % NEW BRUNSWICK PROV DEBE 3.55% 03JUN43 1.2 % TORONTO-DOMINION BK (I/L) 1.1 % TOROMONT INDS LTD 1.0 % Total of Top 10 12.8 %	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception 0.44 1.84 8.79 3.52 2.38     2.73 CALENDAR YEAR RETURNS 2011 2012 2013 2014 2015 2016 2017 2018         0.42 3.90 3.40 -4.18

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 Guaranteed Investment 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.