EMPIRE LIFE MULTI-STRATEGY GLOBAL CONSERVATIVE PORTFOLIO GIF

Class L Guaranteed Investment Funds as of April 30, 2025

INVESTMENT MANAGEMENT Dave Paterson, CFA Empire Life Investment Team	WHY INVEST IN THIS FUND You are seeking income and long-term capital growth by investing primarily in fixed income securities and in global equity securities.
FUND FACTS Asset Class Portfolio Funds Size (Mill) $23.23 MER 2.72 % Inception October 23, 2019 Total Holdings 4251	RISK TOLERANCE low low to medium medium medium to high high
ASSET MIX (as at March 31, 2025) Canadian Equities 31.4 % Canadian Bonds 30.1 % U.S. Equities 12.9 % U.S. Bonds 8.2 % International Equities 7.0 % International Bonds 5.3 % Cash and Cash Equivalents 5.1 % Mutual Fund 0.0 % Other Net Assets (Liabilities) 0.0 % SECTOR MIX (as at March 31, 2025) Financials 21.5 % Information technology 15.8 % Industrials 13.4 % Health care 10.7 % Consumer discretionary 10.1 % Consumer staples 8.2 % Communication services 5.8 % Materials 5.4 % Energy 5.3 % Utilities 2.8 % Real Estate 1.2 %	GROWTH OF $10,000 For Illustration Purposes Only
	COMPOUND ANNUAL RETURNS 1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception -1.67 -2.96 -1.37 5.98 3.46 1.77   1.24 CALENDAR YEAR RETURNS 2017 2018 2019 2020 2021 2022 2023 2024       3.45 1.24 -10.66 6.39 7.87

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.