EMPIRE LIFE EMBLEM GLOBAL CONSERVATIVE PORTFOLIO GIF

Class L Guaranteed Investment Funds as of October 31, 2023

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) $41.49 MER 2.79 % Inception May 28, 2018 Total Holdings 383	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX U.S. Bonds 34.6 % Canadian Bonds 32.9 % U.S. Equities 13.2 % International Equities 9.1 % Cash and Cash Equivalents 4.3 % Canadian Equities 4.0 % International Bonds 1.9 % BOND TYPE Investment Grade Corporate 33.8 % Federal Government 33.5 % High Yield Corporate 22.9 % Floating Rate 4.6 % Provincial Government 2.2 % Preferred Shares 2.1 % Convertible 0.9 %	GROWTH OF $10,000 For Illustration Purposes Only
TOP 10 HOLDINGS Gov. of Canada, 1.75%, 12/1/2053 7.4 % ROYAL BK OF CAD 4.95% 01NOV23 TD 4.0 % AutoNation Inc., 3.5%, 11/15/2024 2.3 % Government of Canada 2.000% June 1, 2028 2.1 % Gov. of Canada, 2.5%, 12/1/2032 2.1 % Canada Housing Trust 1.750% June 15, 2030 2.0 % Gov. of Canada, 2%, 6/1/2032 1.9 % Canada Housing Trust 2.350% December 15, 2018 1.7 % Gov. of Canada, 0.02%, 6/1/2031 1.3 % WEC Energy Group Inc. (FRN), 6.25%, 5/15/2067 1.3 % Total of Top 10 26.1 %	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception 0.00 -2.03 -1.29 0.40 -1.13 1.34   0.78 CALENDAR YEAR RETURNS 2015 2016 2017 2018 2019 2020 2021 2022         6.49 6.54 1.41 -6.12

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.