EMPIRE LIFE EMBLEM GLOBAL CONSERVATIVE PORTFOLIO GIF

Class L Guaranteed Investment Funds as of December 31, 2021

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) $49.63 MER 2.79 % Inception May 28, 2018 Total Holdings 404	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX Canadian Bonds 31.9 % U.S. Bonds 29.3 % U.S. Equities 13.9 % International Equities 12.3 % Cash and Cash Equivalents 7.2 % Canadian Equities 4.0 % International Bonds 1.5 % BOND TYPE Investment Grade Corporate 34.2 % High Yield Corporate 29.1 % Federal Government 22.2 % Preferred Shares 8.8 % Convertible 2.3 % Provincial Government 2.1 % Floating Rate 1.3 %	GROWTH OF $10,000 For Illustration Purposes Only
TOP 10 HOLDINGS Canada Housing Trust 1.750% June 15, 2030 4.2 % Royal Bank of Canada Floating Rate 2.088% June 30, 2030 4.2 % Canada Housing Trust No.1, 1.4%, 3/15/2031 2.2 % Government of Canada 2.000% June 1, 2028 1.9 % TOYOTA CREDIT CAD 29JUL22 DN 1.8 % Canada Housing Trust 2.350% December 15, 2018 1.6 % Ford Credit Canada Co., 2.71%, 2/23/2022 1.4 % Scotiabank Capital Trust 5.650% December 31, 2056 1.2 % Ocean Spray Cranberries Inc., 6.25% 1.0 % John Deere Financial Inc. 2.990% January 14, 2022 1.0 % Total of Top 10 20.4 %	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception 0.71 0.62 1.41 1.41 4.78     3.34 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.