EMPIRE LIFE EMBLEM GLOBAL CONSERVATIVE PORTFOLIO GIF

Class L Guaranteed Investment Funds as of June 30, 2022

INVESTMENT MANAGEMENT Empire Life Investment Team	WHY INVEST IN THIS FUND You are seeking growth and income by investing primarily in global equity and fixed income securities, with a target equity allocation of 30%
FUND FACTS Asset Class Portfolio Funds Size (Mill) $44.54 MER 2.79 % Inception May 28, 2018 Total Holdings 405	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX U.S. Bonds 34.6 % Canadian Bonds 30.3 % U.S. Equities 13.6 % International Equities 9.7 % Cash and Cash Equivalents 6.5 % Canadian Equities 4.1 % International Bonds 1.2 % BOND TYPE High Yield Corporate 32.8 % Investment Grade Corporate 31.7 % Federal Government 22.6 % Preferred Shares 7.2 % Floating Rate 2.6 % Provincial Government 2.0 % Convertible 1.2 %	GROWTH OF $10,000 For Illustration Purposes Only
TOP 10 HOLDINGS Royal Bank of Canada Floating Rate 2.088% June 30, 2030 4.3 % Canada Housing Trust 1.750% June 15, 2030 4.1 % ROYAL BK OF CAD 1.45% 04JUL22 TD 3.1 % Canada Housing Trust No.1, 1.4%, 3/15/2031 2.1 % Toyota Credit Canada Inc., 7/29/2022 2.1 % Government of Canada 2.000% June 1, 2028 1.9 % AutoNation Inc., 3.5%, 11/15/2024 1.9 % Quebecor Media Inc., 5.75%, 1/15/2023 1.9 % Canada Housing Trust 2.350% December 15, 2018 1.6 % Brookfield Property Finance ULC, 4.35%, 7/3/2023 1.3 % Total of Top 10 24.2 %	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception -3.14 -5.61 -10.33 -9.21 -0.48     0.22 CALENDAR YEAR RETURNS 2014 2015 2016 2017 2018 2019 2020 2021           6.49 6.54 1.41

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.