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N O V E M B E R 2 0 2 0

Fund FactsGUARANTEED INVESTMENT FUNDS – HELIOS2

Financial Information as of December 31, 2019 (unless otherwise indicated)

This document contains a description of the investments offered under the Helios2 Contract and other information on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2.

DFS Guaranteed Investment Funds are established by Desjardins Financial Security Life Assurance Company.

Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company. 13188E01 (2020-11)

This document contains a description of the investments offered under the Helios2 Contract and other information on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2. It must be read in conjunction with the Helios2 Contract and Information Folder. The definitions of certain terms used in this document are to be found in the Glossary of the Contract and Information Folder.

Subject to any applicable guarantees, any part of the Deposit or other amount that is allocated to a segregated fund is invested at the risk of the Owner and may increase or decrease in value.

WHAT THIS DOCUMENT CONTAINS

The Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2We certify that the information folder, including the Fund Facts document, provides brief and plain disclosure of all material facts relating to the individual variable insurance contract called the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2, which is issued by Desjardins Financial Security Life Assurance Company. The Company intends to engage in the continuous sale of individual variable insurance contracts under the Desjardins Financial Security Guaranteed Investment Funds Plan.

Denis Dubois President and Chief Operating Officer

Éric Landry Vice-President, Investment Solutions

Desjardins Financial Security Life Assurance CompanyDesjardins Financial Security Life Assurance Company specializes in providing financial security through a sound combination of insurance and investment products. Over five million Canadians from coast to coast rely on Desjardins Financial Security to protect and grow their capital. A subsidiary of Desjardins Group, the largest integrated cooperative financial group in Canada, with $313 billion in assets as of December 31, 2019, Desjardins Financial Security has offices in Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montreal, Quebec, Lévis, Halifax and St. John’s.

The head office of the Company is located at 200, rue des Commandeurs, Lévis, Quebec, G6V 6R2, and we have a place of business at 1 Complexe Desjardins, P.O. Box 9000, Montreal, Quebec H5B 1H5.

The contracts issued under the Desjardins Financial Security Guaranteed Investment Funds Plan are sold through licensed life insurance representatives in Canada.

1

Table of Contents

2 TABLE OF CONTENTS

List of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Portfolio Managers of the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Objectives and Strategies of the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Investment Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Responsible Investment Portfolios . . . . . . . . . . . . . 10

Wise ETF Portfolios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Individual Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Income Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Balanced and Asset Allocation Funds . . . . . . . . . . . . . . 15

Canadian Equity Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Foreign Equity Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Fund Facts – Desjardins Financial Security Guaranteed Investment Funds . . . . . . . . . . . . . . . . . . . . . . . . . . 23

DFS GIF – Conservative . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

DFS GIF – Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

DFS GIF – Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

DFS GIF – Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

DFS GIF – Maximum Growth . . . . . . . . . . . . . . . . . . . . . . 36

DFS GIF – Conservative – Desjardins SocieTerra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

DFS GIF – Moderate – Desjardins SocieTerra . . . . 42

DFS GIF – Balanced – Desjardins SocieTerra . . . . . 45

DFS GIF – Growth – Desjardins SocieTerra . . . . . . . 48

DFS GIF – Maximum Growth – Desjardins SocieTerra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

DFS GIF – 100% Equity – Desjardins SocieTerra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

DFS GIF – Fixed Income – Desjardins Wise ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57

DFS GIF – Conservative – Desjardins Wise ETF. . 60

DFS GIF – Balanced – Desjardins Wise ETF . . . . . . 63

DFS GIF – Growth – Desjardins Wise ETF . . . . . . . . 66

DFS GIF – Maximum Growth – Desjardins Wise ETF . . . . . . . . . . . . . . . . . . . 69

DFS GIF – 100% Equity – Desjardins Wise ETF . . . . . . . . . . . . . . . . . . . 72

DFS GIF – Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . 75

DFS GIF – Canadian Bond . . . . . . . . . . . . . . . . . . . . . . . . . 78

DFS GIF – Global Tactical Bond – Desjardins . . . . . 81

DFS GIF – Diversified Income – Franklin Quotential . . . . . . . . . . . . . . . . . . . . 84

FUND FACTS – NOVEMBER 2020 3

DFS GIF – Balanced Income – Franklin Quotential . . . . . . . . . . . . . . . . . . . . 87

DFS GIF – Canadian Balanced – Fidelity . . . . . . . . . 90

DFS GIF – U.S. Monthly Income – Fidelity . . . . . . . 93

DFS GIF – Global Balanced – Jarislowsky Fraser . . . . . . . . . . . . . . . . . . . . . . 96

DFS GIF – Canadian Balanced – Fiera Capital . . . 99

DFS GIF – Balanced Growth – Franklin Quotential . . . . . . . . . . . . . . . . . . . 102

DFS GIF – Canadian Balanced – CI Signature. . . 105

DFS GIF – Income and Growth – CI Signature . . 108

DFS GIF – Growth and Income – NEI . . . . . . . . . . . . . 111

DFS GIF – Growth – NEI Select . . . . . . . . . . . . . . . . . . . 114

DFS GIF – Asset Allocation – Cambridge . . . . . . . . 117

DFS GIF – Growth – Franklin Quotential . . . . . . . . 120

DFS GIF – Dividend Income – Desjardins . . . . . . . 123

DFS GIF – Canadian Dividend – NEI . . . . . . . . . . . . . 126

DFS GIF – Canadian Equity – Desjardins . . . . . . . . 129

DFS GIF – Canadian Equity – Jarislowsky Fraser . . . . . . . . . . . . . . . . . . . . . 132

DFS GIF – Canadian Equity – Fidelity True North® . . . . . . . . . . . . . . . . . . . 135

DFS GIF – Canadian Equity – Franklin Bissett . . 138

DFS GIF – Canadian Small Cap Equity – NEI. . . . . 141

DFS GIF – Small Cap – Franklin Bissett . . . . . . . . . . 144

DFS GIF – American Equity – MFS . . . . . . . . . . . . . . . 147

DFS GIF – American Equity Value – Desjardins . 150

DFS GIF – Global Dividend – Desjardins . . . . . . . . 153

DFS GIF – Global Equity – Desjardins . . . . . . . . . . . 156

DFS GIF – Global Equity – MFS . . . . . . . . . . . . . . . . . . 159

DFS GIF – International Equity – MFS . . . . . . . . . . . 162

DFS GIF – International Equity Growth – Desjardins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165

Management Fees, Management Expense Ratios and Guarantee Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168

List of FundsInvestment SolutionsDFS GIF – ConservativeDFS GIF – ModerateDFS GIF – BalancedDFS GIF – GrowthDFS GIF – Maximum Growth

Responsible Investment PortfoliosDFS GIF – Conservative – Desjardins SocieTerraDFS GIF – Moderate – Desjardins SocieTerraDFS GIF – Balanced – Desjardins SocieTerraDFS GIF – Growth – Desjardins SocieTerraDFS GIF – Maximum Growth – Desjardins SocieTerraDFS GIF – 100% Equity – Desjardins SocieTerra

Wise ETF PortfoliosDFS GIF – Fixed Income – Desjardins Wise ETFDFS GIF – Conservative – Desjardins Wise ETFDFS GIF – Balanced – Desjardins Wise ETFDFS GIF – Growth – Desjardins Wise ETFDFS GIF – Maximum Growth – Desjardins Wise ETFDFS GIF – 100% Equity – Desjardins Wise ETF

Individual Funds

IncomeDFS GIF – Money MarketDFS GIF – Canadian BondDFS GIF – Global Tactical Bond – Desjardins

Balanced and Asset AllocationDFS GIF – Diversified Income – Franklin Quotential*†DFS GIF – Balanced Income – Franklin Quotential*†DFS GIF – Canadian Balanced – Fidelity*DFS GIF – U.S. Monthly Income – FidelityDFS GIF – Global Balanced – Jarislowsky FraserDFS GIF – Canadian Balanced – Fiera CapitalDFS GIF – Balanced Growth – Franklin Quotential*†DFS GIF – Canadian Balanced – CI SignatureDFS GIF – Income and Growth – CI SignatureDFS GIF – Growth and Income – NEIDFS GIF – Growth – NEI SelectDFS GIF – Asset Allocation – CambridgeDFS GIF – Growth – Franklin Quotential*†

Canadian EquityDFS GIF – Dividend Income – DesjardinsDFS GIF – Canadian Dividend – NEIDFS GIF – Canadian Equity – DesjardinsDFS GIF – Canadian Equity – Jarislowsky FraserDFS GIF – Canadian Equity – Fidelity True North®

DFS GIF – Canadian Equity – Franklin Bissett†DFS GIF – Canadian Small Cap Equity – NEI*DFS GIF – Small Cap – Franklin Bissett*†

Foreign EquityDFS GIF – American Equity – MFSDFS GIF – American Equity Value – DesjardinsDFS GIF – Global Dividend – DesjardinsDFS GIF – Global Equity – DesjardinsDFS GIF – Global Equity – MFSDFS GIF – International Equity – MFSDFS GIF – International Equity Growth – Desjardins

® Fidelity True North is a registered trademark of FMR Corp.* These Funds are not available with Helios2 – 100/100 i.† These Funds are not available for new Deposits or fund switches.


6 PORTFOLIO MANAGERS OF THE FUNDS

Portfolio Managers of the FundsIn order to provide the best possible choice of Funds, Desjardins Financial Security Life Assurance Company has retained the following portfolio managers:

Portfolio Manager Fund

CI Investments Inc.

2 Queen Street East, 20th Floor Toronto, Ontario, M5C 3G7

DFS GIF – Canadian Balanced – CI SignatureDFS GIF – Income and Growth – CI SignatureDFS GIF – Asset Allocation – Cambridge

Desjardins Global Asset Management Inc.

1 Complexe Desjardins, South Tower, 20th Floor Montreal, Quebec, H5B 1B2

Investment Solutions:DFS GIF – ConservativeDFS GIF – ModerateDFS GIF – BalancedDFS GIF – GrowthDFS GIF – Maximum Growth

Responsible Investment Portfolios:DFS GIF – Conservative – Desjardins SocieTerraDFS GIF – Moderate – Desjardins SocieTerraDFS GIF – Balanced – Desjardins SocieTerraDFS GIF – Growth – Desjardins SocieTerraDFS GIF – Maximum Growth – Desjardins SocieTerraDFS GIF – 100% Equity – Desjardins SocieTerra

Wise ETF Portfolios:DFS GIF – Fixed Income – Desjardins Wise ETFDFS GIF – Conservative – Desjardins Wise ETFDFS GIF – Balanced – Desjardins Wise ETFDFS GIF – Growth – Desjardins Wise ETFDFS GIF – Maximum Growth – Desjardins Wise ETFDFS GIF – 100% Equity – Desjardins Wise ETF

Individual Funds:DFS GIF – Global Tactical Bond – DesjardinsDFS GIF – Dividend Income – DesjardinsDFS GIF – Canadian Equity – DesjardinsDFS GIF – American Equity Value – DesjardinsDFS GIF – Global Dividend – DesjardinsDFS GIF – Global Equity – DesjardinsDFS GIF – International Equity Growth – DesjardinsDFS GIF – Money MarketDFS GIF – Canadian Bond

Fidelity Investments Canada ULC

438 Bay Street, Suite 300 Toronto, Ontario, M5G 2N7

DFS GIF – Canadian Balanced – FidelityDFS GIF – U.S. Monthly Income – FidelityDFS GIF – Canadian Equity – Fidelity True North®

Fiera Capital Corporation

1981 McGill College Avenue, Suite 1500 Montreal, Quebec, H3A 0H5

DFS GIF – Canadian Balanced – Fiera Capital

Franklin Bissett Investment Management

200 King Street West, Suite 1500 Toronto, Ontario, M5H 3T4

DFS GIF – Canadian Equity – Franklin BissettDFS GIF – Small Cap – Franklin Bissett


Portfolio Manager Fund

Franklin Templeton Investments Corp.

200 King Street West, Suite 1500 Toronto, Ontario, M5H 3T4

DFS GIF – Diversified Income – Franklin QuotentialDFS GIF – Balanced Income – Franklin QuotentialDFS GIF – Balanced Growth – Franklin QuotentialDFS GIF – Growth – Franklin Quotential

Jarislowsky, Fraser Limited

1010 Sherbrooke St. West, 20th Floor Montreal, Quebec H3A 2R7

DFS GIF – Global Balanced – Jarislowsky FraserDFS GIF – Canadian Equity – Jarislowsky Fraser

MFS Investment Management Canada Limited

77 King Street West, 35th Floor Toronto, Ontario, M5K 1B7

DFS GIF – American Equity – MFSDFS GIF – International Equity – MFSDFS GIF – Global Equity – MFS

Northwest & Ethical Investments L.P.

151 Yonge Street, 12th Floor Toronto, Ontario, M5C 2W7

DFS GIF – Growth – NEI SelectDFS GIF – Growth and Income – NEIDFS GIF – Canadian Small Cap Equity – NEIDFS GIF – Canadian Dividend – NEI

For some of our Funds managed by Northwest & Ethical Investments L.P. and by Desjardins Global Asset Management Inc., the portfolio managers have retained portfolio sub-advisors to provide portfolio management services. The portfolio sub-advisors and Funds are listed below:

Fund Underlying Fund Portfolio Sub-Advisor

DFS GIF – Growth and Income – NEI Kingwest & Company

DFS GIF – Canadian Small Cap Equity – NEI Laurus Investment Counsel Inc.

DFS GIF – Canadian Dividend – NEI Lincluden Investment Management Limited

DFS GIF – International Equity Growth – Desjardins Baillie Gifford Overseas Limited

DFS GIF – Global Dividend – Desjardins Epoch Investment Partners, Inc.

DFS GIF – American Equity Value – Desjardins Wellington Management Canada ULC

DFS GIF – Global Tactical Bond – Desjardins PIMCO Canada Corp.

DFS GIF – Global Equity – Desjardins Lazard Asset Management LLC

Desjardins Financial Security Life Assurance Company has a Code of Professional Conduct in place which requires that some categories of contracts to be entered into with related parties be approved by the Board of Directors of the Company, after recommendation by the Company’s Ethics Committee.

Desjardins Financial Security Life Assurance Company, Desjardins Global Asset Management Inc. and Northwest & Ethical Investments L.P. are entities of the Desjardins Group. Desjardins Financial Security Life Assurance Company and Desjardins Global Asset Management Inc. are indirectly wholly owned subsidiaries of Fédération des caisses Desjardins du Québec. Northwest & Ethical Investments L.P. is entirely owned by Aviso Wealth Inc., the shareholder of which is held in equal shares by Desjardins Financial Holding Inc. and a partnership comprised of Canada’s five provincial Credit Union Centrals and the CUMIS Group. Policies are in place to ensure that all decisions are made in the best interest of the Funds.

8 OBJECTIVES AND STRATEGIES OF THE FUNDS

Objectives and Strategies of the Funds

DFS GIF – ConservativeObjective of the FundTo generate a consistent flow of income with an emphasis on the preservation of capital by investing in a number of different fixed income and equity underlying funds.

Strategy of the FundTo invest in a wide array of underlying funds managed by using a multi-manager approach provided by acclaimed fund managers and sub-advisors.

The principal risk factors of this Fund are interest rate, foreign currency, credit, sovereign, volatile markets and market disruption, special equities and derivatives risk.

DFS GIF – ModerateObjective of the FundTo generate income while leaving room for some capital appreciation by investing in a number of different fixed income and equity underlying funds.



Investment Solutions

The following investment solutions use mixes of existing mutual and pooled funds in order to attain their stated objectives.

The Company retains the right to change any of the underlying funds at its sole discretion; however, should such a change occur, Notice will be provided after the fact.

A detailed description of each Fund’s investment policy and, where applicable, the investment policy and/or prospectus and financial statements of the underlying fund(s) is available upon request by writing to the Company at its principal office address noted on page 23 of this document.

On the following pages, we show you the current investment objective and strategy for each of our Investment Solutions.

If the Company changes the objectives of a Fund, you will be given sixty (60) days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying mutual fund or pooled fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the Investment Solutions are as follows:


DFS GIF – BalancedObjective of the FundTo provide investors with an attractive balance of current income and capital appreciation by investing in a number of different fixed income and equity underlying funds.



DFS GIF – GrowthObjective of the FundTo emphasize appreciation of capital while still generating some income by investing in a number of different fixed income and equity underlying funds.



DFS GIF – Maximum GrowthObjective of the FundTo maximize the appreciation of capital while still generating some income by investing in a number of different fixed income and equity underlying funds.




DFS GIF – Conservative – Desjardins SocieTerra

Objective of the FundTo provide income and achieve a moderate level of long-term capital appreciation by investing primarily in Canadian, and to a lesser extent, foreign equity and fixed-income bonds and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income bonds. The Fund follows a responsible approach to investing.

Strategy of the FundTo reach the Fund’s investment objective, selection of the securities and/or the underlying fund as well as the percentage of the assets that will be invested in each of these securities or underlying funds will be based on the following target weightings: Fixed-income (71%) and Growth (29%).

The principal risk factors of this Fund are foreign currency risk, credit risk, risk of volatile markets and market disruption risk and interest rate risk.

DFS GIF – Moderate – Desjardins SocieTerraObjective of the FundTo provide income and a moderate long-term capital appreciation by investing primarily in Canadian and foreign equity and fixed-income securities and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income securities. The Fund follows a responsible approach to investing.

Strategy of the FundTo reach the Fund’s investment objective, selection of the securities and/or the underlying funds as well as the percentage of the assets that will be invested in each of these securities or underlying funds will be based on the following target weightings: Fixed-income (65%) and Growth (35%).

The principal risk factors of this Fund are credit risk, foreign currency risk, risk of volatile markets and market disruption risk, sovereign risk and interest rate risk.

Responsible Investment Portfolios

Each of the following responsible investment portfolios invest in an underlying fund which in turn uses mixes of mutual funds and pooled funds in order to attain their stated objectives.

The underlying funds selected use an investment strategy which seeks to generate both financial and sustainable value. Responsible Investing (“RI”) means integrating the analysis of environmental, social and governance (“ESG”) factors into investment selection and management over a long-term horizon in order to finance companies that contribute to sustainable development.


On the following pages, we show you the current investment objective and strategy for each responsible investment portfolio.

The DFS GIF – Conservative – Desjardins SocieTerra, DFS GIF – Moderate – Desjardins SocieTerra, DFS GIF – Balanced – Desjardins SocieTerra, DFS GIF – Growth – Desjardins SocieTerra, DFS GIF – Maximum Growth – Desjardins SocieTerra and DFS GIF – 100% Equity – Desjardins SocieTerra all use geographic and asset class weightings to determine which of the underlying mutual and pooled funds are most suitable to meet the investment objectives of each fund. These weightings are subject to change at the sole discretion of the underlying fund manager, who also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

If the Company changes the objectives of a Fund, you will be given sixty (60) days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying mutual fund or pooled fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the responsible investment portfolios are as follows:


DFS GIF – Balanced – Desjardins SocieTerraObjective of the FundTo achieve a balance between long-term capital appreciation and income by investing primarily in Canadian, and to a lesser extent, foreign equity and fixed-income securities and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income securities. The Fund follows a responsible approach to investing.

Strategy of the FundTo reach the Fund’s investment objective, selection of the securities and/or the underlying funds as well as the percentage of the assets that will be invested in each of these securities or underlying funds will be based on the following target weightings: Fixed-income (55%) and Growth (45%).


DFS GIF – Growth – Desjardins SocieTerraObjective of the FundTo provide long-term capital appreciation and to a lesser extent, income. The Fund invests in Canadian and foreign equity and fixed-income bonds and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income bonds. The Fund follows a responsible approach to investing.



DFS GIF – Maximum Growth – Desjardins SocieTerra

Objective of the FundTo achieve long-term capital appreciation. The Fund invests in Canadian and foreign equity and fixed-income bonds and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income bonds. The Fund follows a responsible approach to investing.



DFS GIF – 100% Equity – Desjardins SocieTerra

Objective of the FundTo provide long-term capital appreciation by investing in Canadian and foreign equity and/or in units of mutual funds which themselves invest in Canadian or foreign equity. The Fund follows a responsible approach to investing.

Strategy of the FundThe selection of the securities and/or the underlying funds as well as the percentage of the assets that will be invested in each of these securities or underlying funds will be based on management style diversification, geographical diversification and market capitalization diversification.

The principal risk factors of this Fund are foreign currency risk, sovereign risk and risk of volatile markets and market disruption risk.


DFS GIF – Fixed Income – Desjardins Wise ETF

Objective of the FundTo provide a regular income return. Consequently, the Fund invests mainly in exchange-traded funds which themselves invest in fixed-income securities in Canada and throughout the world.

Strategy of the FundThe selection of the securities as well as the percentage of the assets that will be invested in each of these securities will be based on positioning on the interest-rate curve, management style diversification, geographical diversification and credit risk diversification.

The principal risk factors of this Fund are credit risk, interest rate risk, sovereign risk and risk of volatile markets and market disruption risk.

DFS GIF – Conservative – Desjardins Wise ETF

Objective of the FundTo provide a regular income return and low medium-term capital appreciation. Consequently, the Fund invests mainly in exchange-traded funds which themselves invest in fixed-income and equity securities throughout the world.

Strategy of the FundThe selection of the securities as well as the percentage of the assets that will be invested in each of these securities will be based on positioning on the interest-rate curve, management style diversification, geographical diversification and market capitalization diversification.

The principal risk factors of this Fund are credit risk, currency risk, interest rate risk, sovereign risk and risk of volatile markets and market disruption risk.

Wise ETF Portfolios

Each of the following wise ETF portfolios invest in an underlying fund which in turn uses mainly mixes of exchange-traded funds in order to attain their stated objectives.

The underlying funds selected use an investment strategy which seeks to select securities based on positioning on the interest-rate curve, management style diversification, geographical diversification and market capitalization diversification.


On the following pages, we show you the current investment objective and strategy for each wise ETF portfolio.

The DFS GIF – Fixed Income – Desjardins Wise ETF, DFS GIF – Conservative – Desjardins Wise ETF, DFS GIF – Balanced – Desjardins Wise ETF, DFS GIF – Growth – Desjardins Wise ETF, DFS GIF – Maximum Growth – Desjardins Wise ETF and DFS GIF – 100% Equity – Desjardins Wise ETF all use geographic and asset class weightings to determine which of the underlying exchange-traded funds are most suitable to meet the investment objectives of each fund. These weightings are subject to change at the sole discretion of the underlying fund manager, who also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

If the Company changes the objectives of a Fund, you will be given sixty (60) days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the wise ETF portfolios are as follows:


DFS GIF – Balanced – Desjardins Wise ETFObjective of the FundTo provide a regular income return and long-term capital appreciation. Consequently, the Fund invests mainly in exchange-traded funds which themselves invest in fixed-income and equity securities throughout the world.


The principal risk factors of this Fund are credit risk, interest rate risk, sovereign risk and risk of volatile markets and market disruption risk.

DFS GIF – Growth – Desjardins Wise ETFObjective of the FundTo provide a long-term capital appreciation and, to a lesser extent, generate an income return. Consequently, the Fund invests mainly in exchange-traded funds which themselves invest in equity and fixed-income securities throughout the world.


The principal risk factors of this Fund are credit risk, interest rate risk, foreign securities risk and risk of volatile markets and market disruption risk.

DFS GIF – Maximum Growth – Desjardins Wise ETF

Objective of the FundTo provide long-term capital appreciation. Consequently, the Fund invests mainly in exchange-traded funds which themselves invest in equity and fixed-income securities throughout the world.


The principal risk factors of this Fund are foreign currency risk, sovereign risk and risk of volatile markets and market disruption risk.

DFS GIF – 100% Equity – Desjardins Wise ETF

Objective of the FundTo provide long-term capital appreciation. Consequently, the Fund invests mainly in exchange-traded funds which themselves invest in equity securities of companies located throughout the world.

Strategy of the FundThe selection of the securities as well as the percentage of the assets that will be invested in each of these securities will be based on management style diversification, geographical diversification and market capitalization diversification.

The principal risk factors of this Fund are foreign currency risk, sovereign risk and risk of volatile markets and market disruption risk


INCOME FUNDS

DFS GIF – Money MarketObjective of the FundTo provide a higher level of interest income than can normally be obtained from savings accounts, combined with a high level of liquidity and safety of capital.

Strategy of the FundTo invest among others in Canadian government treasury bills and in bankers’ acceptances. The Fund’s modified duration may not exceed 180 days and the average maturity cannot exceed 365 days.

The principal risk factors of this Fund are interest rate and volatile markets and market disruption risk.

DFS GIF – Canadian BondObjective of the FundTo provide regular income and capital security by investing in a portfolio of fixed-income securities from the Canadian bond market.

Strategy of the FundThis Fund, actively managed, aims to provide regular income and capital security by investing in a portfolio of fixed-income securities from the Canadian bond market. The Fund employs a fundamental investment approach targeting a consistent allocation of value added sources. The strategy seeks to add value through management of duration, yield curve and credit risk.

The principal risk factors of this Fund are credit risk, interest rate risk and risk of volatile markets and market disruption risk.

Individual Funds

A detailed description of each Fund’s investment policy and, where applicable, the investment objective, policy and/or prospectus and financial statements of the underlying fund is available upon request by writing to the Company at its principal office address noted on page 23 of this document.

On the following pages, we show you the current investment objective and strategy for each of our Funds.

The DFS GIF – Diversified Income – Franklin Quotential, DFS GIF – Balanced Income – Franklin Quotential, DFS GIF – Balanced Growth – Franklin Quotential and DFS GIF – Growth – Franklin Quotential all use geographic and asset class weightings to determine which of the underlying mutual and pooled funds are most suitable to meet the investment objectives of each fund. These weightings are subject to change at the sole discretion of Franklin Templeton Investments Corp., which also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

The DFS GIF – Growth – NEI Select uses geographic and asset class weightings to determine which of the underlying mutual and pooled funds are most suitable to meet the investment objectives of the Fund. These weightings are subject to change at the sole discretion of Northwest & Ethical Investments L.P. which also retains the right to change any and all of the underlying funds without advance notice to either the Company or the Owner(s).

If the Company changes the objectives of a Fund, you will be given 60 days advance Notice and have the right to transfer or exit the Fund as described in the section “Fundamental Changes”. It is important to note, that although you will receive Notice, a change in an underlying mutual fund or pooled fund will not be treated as a fundamental change and you will not have any special exit or transfer rights.

The objectives and strategies for each of the Funds are as follows:


DFS GIF – Global Tactical Bond - DesjardinsObjective of the FundThe objective of this Fund is to provide a high income return and some long-term capital appreciation by investing primarily in fixed-income securities of issuers throughout the world.

Strategy of the FundThe Fund invests in the Desjardins Global Tactical Bond fund. The underlying fund invests primarily in global credit markets including, without limitation, investment-grade corporate bonds, high-yield corporate bonds and emerging market bonds. The Fund may also invest in other classes of securities, such as floating rate loans, asset-backed securities, mortgage-backed securities and government bonds.

The principal risk factors of this Fund are interest rate risk, credit risk, derivatives risk, foreign currency risk, sovereign risk and risk of volatile markets and market disruption risk.

BALANCED AND ASSET ALLOCATION FUNDS

DFS GIF – Diversified Income – Franklin Quotential

Objective of the FundTo provide a balance of capital growth and interest income by investing primarily in units of an underlying fund in order to gain the desired exposure to the equity and fixed income markets.

Strategy of the FundTo emphasize investments in fixed income underlying funds in order to provide income and capital preservation. The Fund also invests, to a lesser extent, in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon.


DFS GIF – Balanced Income – Franklin Quotential

Objective of the FundTo provide a balance of capital growth and interest income by investing primarily in units of an individual underlying fund in order to gain the desired exposure to the equity and fixed income markets.

Strategy of the FundTo invest in fixed income underlying funds in order to provide income and capital preservation. The Fund also invests in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon.



DFS GIF – Canadian Balanced – FidelityObjective of the FundTo achieve high total investment return using a diversified portfolio targeting long-term capital appreciation and a regular income stream through investment in any kind of equity or fixed-income security or money market instrument. The fundamental investment objective of the Fund is to provide investors with a balanced asset mix with the potential for capital growth.

Strategy of the FundTarget fixed asset allocation to deliver superior long-term growth potential and reduced levels of risk. The Fund invests primarily in a mix of Canadian equity securities, investment grade bonds, high yield securities and money market instruments. The equity investment decisions are based on a thorough examination of the company, financial conditions and long-term earnings potential.

The principle risk factors of this Fund are interest rate risk, special equities risk, derivatives risk, risk of volatile markets and market disruption risk and credit risk.

DFS GIF – U.S. Monthly Income – FidelityObjective of the FundTo achieve a combination of a steady flow of income and the potential for capital gains by investing in a mix of U.S. income-producing securities.

Strategy of the FundThe Fund invests primarily in a mix of U.S. income-producing securities, either directly or indirectly through investments in underlying funds. The Fund’s neutral mix is 50% exposure to equity securities and 50% exposure to fixed-income securities. These securities may be U.S. securities or non-U.S. securities but at least 70% of the Fund’s net assets will be invested in U.S. dollar-denominated investments.


DFS GIF – Global Balanced – Jarislowsky Fraser

Objective of the FundTo provide investors with an opportunity to achieve a high rate of return by investing in a diversified portfolio consisting of a balance of equity and fixed-income securities of issuers located throughout the world.

Strategy of the FundTo provide such an opportunity through a diversified portfolio consisting of a balance of mainly large cap equity and mainly investment grade fixed-income securities of issuers located throughout the world.

The principal risk factors of this Fund are interest rate risk, risk of volatile markets and market disruption risk, foreign currency risk and credit risk.

DFS GIF – Canadian Balanced – Fiera CapitalObjective of the FundTo provide investors with a balance of capital growth and interest income by investing primarily in Canadian fixed income and equity securities.

Strategy of the FundTo provide such a balance by investing primarily in the common shares of medium and large cap Canadian corporations and in Canadian government and Canadian investment-grade corporate bonds and other interest-bearing instruments.

The principal risk factors of this Fund are interest rate, volatile markets and market disruption, derivatives and some minor foreign currency and credit risk.


DFS GIF – Balanced Growth – Franklin Quotential

Objective of the FundTo provide a balance of capital growth and interest income by investing primarily in units of an individual underlying fund in order to gain the desired exposure to the equity and fixed income markets.

Strategy of the FundTo emphasize investments in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon. The Fund also invests, to a lesser extent, in fixed income underlying funds in order to provide stability.


DFS GIF – Canadian Balanced – CI SignatureObjective of the FundTo provide investors with an attractive balance of current income and capital appreciation by investing primarily in a combination of Canadian equity and equity-related securities and fixed income securities.

Strategy of the FundFor the equity portion, the Fund invests primarily in companies providing a stable income or consistent dividends. For the fixed income portion, the portfolio manager selects high-quality fixed income securities, including bank loans and floating rate debt instruments but may choose to shift the weighting of the portion of the Fund held in bonds with longer terms to maturity depending on the expected fluctuations in interest rates. The Fund may also invest in foreign securities as well as warrants, and derivatives, the latter to aid in hedging against potential losses resulting from changes in the prices of the securities that the Fund has invested in as well as any exposure from foreign currencies.

The principal risk factors of this Fund are credit risk, interest rate risk, special equities risk, risk of volatile markets and market disruption risk, foreign currency risk and derivatives risk.

DFS GIF – Income and Growth – CI SignatureObjective of the FundThe objective of this Fund is to provide a steady flow of current income while preserving capital by obtaining exposure primarily to equity, equity related and fixed income securities of Canadian issuers.

Strategy of the FundThe Fund invests in a combination of equity, fixed income and derivatives. Broadly diversified by sector and style, preferred and common shares make up portions of the Fund’s investments in equity securities. The fixed income portion of the Fund’s investments is comprised of high-yielding government and corporate bonds, debentures and notes, including some securities that are unrated or have credit ratings below investment grade. The Fund may also invest in real estate investment trusts (REITs), royalty trusts, income trusts and other similar high yielding instruments.

The principal risk factors of this Fund are risk of volatile markets and market disruption risk, derivatives risk, currency risk, credit risk, and interest rate risk.

DFS GIF – Growth and Income – NEIObjective of the FundTo provide a consistent stream of income and capital appreciation by investing primarily in a mix of Canadian equities and fixed-income securities.

Strategy of the FundTo invest in a diversified portfolio consisting primarily of a balance of large cap equity and investment grade fixed-income securities issued principally by Canadian issuers.

The principal risk factors of this Fund are interest rate, volatile markets and market disruption, some minor foreign currency and credit risk.


DFS GIF – Growth – NEI SelectObjective of the FundTo provide a balance of capital growth and interest income by investing primarily in units of individual underlying funds in order to gain the desired exposure to the equity and fixed income markets.

Strategy of the FundTo emphasize investments in equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon. The Fund also invests to a lesser extent, in fixed income underlying funds in order to provide income and capital preservation.

The principal risk factors of this Fund are interest rate, credit, foreign currency, sovereign, volatile markets and market disruption and derivatives risk.

DFS GIF – Asset Allocation – CambridgeObjective of the FundThe objective of this Fund is to achieve a superior total investment return directly or indirectly, in a combination of primarily equity and fixed income securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds.

Strategy of the FundThe Fund is actively managed with a disciplined bottom-up selection process. The strategy uses exposure in equity, fixed income instruments and cash and cash equivalents to achieve the Fund objective. The investments in each asset class will vary dependent on market conditions. The Canadian fixed income securities portion of the portfolio will consist mainly of high quality government and corporate bonds while foreign securities can make up part of the equity portion of the portfolio.

The principal risk factors for this Fund are risk of volatile markets and market disruption risk, credit risk, currency risk, derivatives risk and interest rate risk.

DFS GIF – Growth – Franklin QuotentialObjective of the FundTo provide a balance of capital growth and interest income by investing primarily in units of an individual underlying fund in order to gain the desired exposure to the equity and fixed income markets.

Strategy of the FundTo emphasize investments in a diversified mix of equity underlying funds in order to increase the potential for capital appreciation over a longer investment horizon. The Fund also invests, to a lesser extent, in fixed income underlying funds in order to provide income and capital preservation.



CANADIAN EQUITY FUNDS

DFS GIF – Dividend Income – DesjardinsObjective of the FundThe objective of this Fund is to provide a high level of income, mostly in the form of dividends, and, to a lesser degree, long-term capital appreciation by investing primarily in Canadian, and to a lesser extent, foreign income-producing securities.

Strategy of the FundThe Fund invests in the Desjardins Dividend Income Fund. The underlying fund invests in income-producing securities which may include, but are not limited to, dividend paying equity securities, government and corporate bonds, income trusts and other securities primarily of Canadian issuers.

The principal risk factors of this Fund are risk of volatile markets and market disruption risk, interest rate risk, currency risk, and derivatives risk.

DFS GIF – Canadian Dividend – NEIObjective of the FundThe objective of this Fund is to achieve a balance between high dividend income and capital growth by investing mainly in a diversified portfolio of blue chip Canadian common stocks and, to a lesser extent, in high-yield preferred stocks and interest-bearing securities.

Strategy of the FundThe Fund focuses primarily on high quality, undervalued common stocks. The Fund’s selections seek to give preference to capital preservation and capital growth, while providing a high, regular level of income over a full market cycle.

The principal risk factors of this Fund are foreign currency risk, risk of volatile markets and market disruption risk, and interest rate risk.

DFS GIF – Canadian Equity - DesjardinsObjective of the FundTo provide long-term capital appreciation. The Fund invests primarily in equity securities of large-cap Canadian corporations.

Strategy of the FundThe manager uses a disciplined investment process that relies on fundamental, quantitative and trend analyses of issuers. The manager will consider, among other things, the corporations’ financial health, valuation and growth perspectives, as well as the quality of their management team.

The principal risk factor of this Fund is risk of volatile markets and market disruption risk.

DFS GIF – Canadian Equity – Jarislowsky Fraser

Objective of the FundTo achieve long-term capital appreciation while continuing to emphasize the preservation of capital by investing primarily in large cap Canadian equity securities.

Strategy of the FundTo invest primarily in Canadian equity securities in areas of the Canadian economy where superior rates of growth are expected.

The principal risk factor of this Fund is risk of volatile markets and market disruption risk.

DFS GIF – Canadian Equity – Fidelity True North®

Objective of the FundTo achieve strong long-term capital growth by investing primarily in equity securities of Canadian companies that have a history of strong capital growth over the long-term. The fundamental investment of this Fund is to achieve long-term capital appreciation while still emphasizing the preservation of capital by investing primarily in Canadian equity securities.

Strategy of the FundTo invest primarily in small, medium and large Canadian companies. The Fund may also invest in a limited portion of foreign securities. The Fund may also use, to a lesser degree, derivatives such as options, futures, forward contracts and swaps to protect against losses caused by changes in stock prices or exchange rates.

The principal risk factors of this Fund are special equities risk, derivatives risk, risk of volatile markets and market disruption risk, interest rate risk, foreign currency risk and credit risk.

DFS GIF – Canadian Equity – Franklin BissettObjective of the FundThe fundamental investment objective of this Fund is to achieve long-term capital appreciation while continuing to emphasize the preservation of capital by investing primarily in Canadian equity securities.

Strategy of the FundTo invest primarily in mid to large cap Canadian equity securities of growth-oriented companies. The Fund may also have a foreign equity component.

The principal risk factors of this Fund are volatile markets and market disruption and minor foreign currency risk.


DFS GIF – Canadian Small Cap Equity – NEIObjective of the FundTo achieve long-term capital appreciation by investing primarily in the equity of smaller, fast growing Canadian companies with small market capitalizations.

Strategy of the FundTo invest primarily in common shares and other equity securities issued by companies that are financially strong and have distinct competitive advantages at relative valuations.

The principal risk factors of this Fund are special equities and volatile markets and market disruption risk.

DFS GIF – Small Cap – Franklin BissettObjective of the FundTo provide investors with long-term capital appreciation. The Fund invests mainly in shares of Canadian companies with small to medium market capitalizations which are expected to provide above-average returns.

Strategy of the FundTo be fully diversified at all times to compensate for the volatility inherent in investing in small capitalization equities.

The principal risk factors of this Fund are volatile markets and market disruption, special equities and foreign currency risk.

FOREIGN EQUITY FUNDS

DFS GIF – American Equity – MFSObjective of the FundTo outperform the S&P 500.

Strategy of the FundTo invest mainly in large cap equity securities of corporations located in the United States.

The principal risk factors of this Fund are special equity, foreign currency and volatile markets and market disruption risk.

DFS GIF – American Equity Value – Desjardins

Objective of the FundTo provide investors with long-term capital growth by investing primarily in U.S. equities.

Strategy of the FundTo invest primarily in the common shares of high quality, publicly traded mid to large United States companies across a wide range of market sectors.

The principal risk factors of this Fund are foreign currency, derivatives and volatile markets and market disruption risk.

DFS GIF – Global Dividend – DesjardinsObjective of the FundThe objective of this Fund is to provide dividend income and long-term capital appreciation through the investment in equity and equity related securities of companies around the world, including, when deemed appropriate, emerging markets.

Strategy of the FundIn order to achieve its investment objective, the Fund invests in companies with high dividend yields and whose management teams optimize their balance sheets through the redemption of shares or reducing debt or by opting to increase cash flows sufficiently to allow for the opportunity for dividend growth. Companies are selected which show stable or high profit growth, a lower than average debt in comparison to their industry average and whose securities are traded at a reasonable price in relation to other companies with similar characteristics. Equity related securities such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) may be used to gain exposure to a particular stock or sector.

The principal risk factors of this Fund are foreign currency risk, derivatives risk, sovereign risk and risk of volatile markets and market disruption risk.


DFS GIF – Global Equity – DesjardinsObjective of the FundThe objective of this Fund is to provide long-term capital appreciation by investing primarily in equity and equity-related securities of companies located throughout the world, including emerging markets.

Strategy of the FundThe Fund invests in the Desjardins Global Equity Fund. The underlying fund favours a bottom-up investment strategy that focuses on the financial profitability of corporations, as well as on sustainability and its impact on the corporations’ valuation. Relying on a rigorous fundamental analysis, the Fund searches for quality corporations that can maintain strong financial profitability over the long term, as well as corporations that significantly improve their financial profitability.

The principal risk factors of this Fund are risk of volatile markets and market disruption risk, derivatives risk, foreign currency risk, and sovereign risk.

DFS GIF – Global Equity – MFSObjective of the FundTo achieve long-term capital growth by investing primarily in equity securities.

Strategy of the FundTo control the level of volatility of return relative to the overall stock markets by maintaining strong geographic diversification and by investing in attractively-valued securities.

The principal risk factors of this Fund are foreign currency, derivatives, sovereign and volatile markets and market disruption risk.

DFS GIF – International Equity – MFSObjective of the FundThe fundamental investment objective of this Fund is to provide investors with long-term capital growth based on an internationally diversified equity portfolio by investing primarily in Europe and the Far East.

Strategy of the FundTo invest its assets primarily in the common shares of large corporations with attractive relative valuations located in many countries.

The principal risk factors of this Fund are foreign currency, derivatives, sovereign and volatile markets and market disruption risk.

DFS GIF – International Equity Growth – Desjardins

Objective of the FundThe objective of this Fund is to achieve long-term capital growth by investing in equity and equity related securities of companies located or operating outside of North America, while when appropriate, also investing in equity and equity related securities of companies located or operating in emerging markets.

Strategy of the FundInvestment decisions are backed by extensive research and analysis with preference given to those companies that can sustain above average growth in earnings and cash flow and whose securities are traded at a reasonable price. The investment approach involves a bottom-up, stock driven approach to country and sector allocation and more specifically, those companies with sustainable competitive advantages and strong management teams operating in a favourable market background and display solid financial characteristics.

The principal risk factors of this Fund are risk of volatile markets and market disruption risk, derivatives risk, foreign currency risk and sovereign risk.

Fund Facts – Desjardins Financial Security Guaranteed Investment Funds

This section of the Funds Facts document contains individual Funds Facts for each Fund available through your Helios2 Contract. You can choose to invest in one or more of these Funds.

The individual Fund Facts give you an idea of what each Fund invests in, how it has performed and what fees or charges may apply.

We show performance data for our Funds, which include tables, charts and graphs. The tables show selected key financial information about each Fund and are intended to help you understand each Fund’s financial performance since inception.

This information is derived from that particular Fund’s audited annual financial statements. The returns shown in these Fund Facts assume no withdrawals are made. It is important to remember that how the Fund has performed in the past does not necessarily indicate how it will perform in the future.

Further information about the holdings of the underlying funds is available upon request.

The description of each Fund in the individual Fund Facts is not complete without the following description of “What if I change my mind” and “For more information”.

What if I change my mind?You can cancel your Contract within two business days of the earlier of the date you received confirmation or five business days after it is mailed. You can also change your mind about subsequent purchases you make under the Contract within the earlier of two business days of the date you received confirmation or five business days after it is mailed to you. In this case, the right to cancel only applies to the new purchase.

You have to tell your insurer in writing, by email, fax or letter, that you want to cancel. The amount returned will be the lesser of your Deposit or its value, if it has gone down. The amount returned only applies to the specific purchase and will include a refund of any sales charges or other fees you paid.

For more informationThis summary may not contain all the information you need. Please read the Contract and Information Folder. You may also contact us at:

Desjardins Financial Security Mailing Address: 1 Complexe Desjardins, P.O. Box 9000 Montreal, QC H5B 1H5 Website: desjardinslifeinsurance.com Email address: [email protected] Telephone: 1-877-647-5435 Fax Number: 1-888-926-2987


http://desjardinslifeinsurance.com

mailto:gifclientservice%40dfs.ca?subject=

24

DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY – HELIOS2 CONTRACT

DFS GIF – CONSERVATIVEFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: February 24, 2014 Series 6: February 24, 2014 Series 8: April 30, 2018

Total Value (000’s): Series 6: 17,501 | Series 8: 6,247

Net Asset Value per Unit: Series 6: 5.71 | Series 8: 5.37

Number of Units Outstanding (000’s): Series 6: 3,065 | Series 8: 1,164

Management Expense Ratio (MER): Series 6: 2.25% | Series 8: 1.88%

Portfolio Manager: Desjardins Global Asset Management Inc.

Portfolio Turnover Rate: 36.74

Minimum Deposit: Variable

What does this Fund invest in?This Fund invests in bond (80%) and equity (20%) underlying funds.

Top investments %

DGIA Canadian Bond Fund 62.7%

Desjardins Enhanced Bond Fund 15.8%

BlackRock CDN US Equity Index Fund 7.9%

Desjardins IBrix Low Volatility Global Equity Fund 3.0%

Desjardins Overseas Equity Growth Fund 2.5%

Desjardins Overseas Equity Fund 2.4%

Franklin Bissett Canadian Equity Fund 1.9%

Desjardins Canadian Equity Fund 1.9%

Fidelity True North® Fund 1.9%

Desjardins SocieTerra Emerging Markets Equity Fund 0.0%

TOTAL 100.0%

TOTAL INVESTMENTS: 10

Investment Allocation as at December 31, 2019

DSF FPG – SécuritaireDFS GIF – Conservative

71.0% Canadian Bonds9.6% American Equity

6.0% International Equity5.6% Canadian Equity2.4% Cash / Money Market 2.3% Others1.7% Foreign Bonds1.5% American Bonds

71.0% Canadian Bonds9.6% American Equity6.0% International Equity5.6% Canadian Equity2.4% Cash / Money Market2.3% Others1.7% Foreign Bonds1.5% American Bonds

How has the Fund performed?This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. Returns are after the MER has been deducted.

It’s important to note that this doesn’t tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation.

Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on February 24, 2014 and Series 6 now has $1,142. This works out to an average of 2.3% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 6 years for a Contract Owner who chose Helios2 – 75/75. Since February 24, 2014, the Fund went up in value 5 years and down in value 1 year of the 6.

-3

-2

-1

0

1

2

3

4

5

6

7

8

201920182017201620152014*

%

0.96

Series 6

1.13

7.13

3.60

2.48

-1.66

-3

-2

-1

0

1

2

3

4

5

6

7

8

201920182017201620152014*

%

0.96

Series 6

1.13

7.13

3.60

2.48

-1.66

* Return is for a partial year from date first offered for sale.


How risky is it?The value of your Deposit can go down.

Low Low to moderate Moderate Moderate to high High

Are there any guarantees?This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.

Who is this Fund for?This Fund may be right for a person seeking security of capital.

How much does it cost?The following tables show the fees and expenses you could pay to buy, own and sell Units of the Fund. The ongoing fees and expenses are different for each Guarantee.

Sales Charges

Fee Option What you pay How it works

No Load

Fee Option A

You don’t have to pay anything.

There are no sales charges and your representative receives no commission.

Low Load Sales Charge

Fee Option B

If you sell within:

1 year of buying 3.0%2 years of buying 2.5%3 years of buying 2.0%After 3 years 0.0%

• When you make a Deposit, Desjardins Financial Security pays a gross commission of 2.5%.

• Any low load sales charge you pay goes to Desjardins Financial Security.

• The low load sales charge is a set rate. It is deducted from the amount you sell.

• You can sell up to 12% of your Units each year without paying a low load sales charge.

• You can switch to Units of other Funds under the insurance contract at any time, provided both Funds are offered under the Guarantee you have chosen without paying a low load sales charge.

Deferred Sales Charge

Fee Option C

If you sell within:

1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%


• Any deferred sales charge you pay goes to Desjardins Financial Security.

• The deferred sales charge is a set rate. It is deducted from the amount you sell.

• You can sell up to 12% of your Units each year without paying a deferred sales charge.

• You can switch to Units of other Funds under the insurance contract at any time, provided both Funds are offered under the Guarantee you have chosen without paying a deferred sales charge.

No Load – Representative Chargeback

Fee Option D


There are no sales charges.


• If you sell within 3 years, your distributor and your representative may be required to refund, in whole or in part, their sales commission to DFS.

DFS GIF – CONSERVATIVE

26



Fee Option E





Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 100/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in the Contract and Information Folder.

Guarantee MER (annual rate as a % of the Fund’s value) – Series 6

MER (annual rate as a % of the Fund’s value) – Series 8

Additional guarantee fee – Series 6 or Series 8

Helios2 – 75/75 2.25% 1.88% None if you choose only Helios2 – 75/75

Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee. 0.30%



Trailing CommissionDesjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Fee Option you choose:

• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first

3 calendar years and 1.00% of the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.• No Load – Representative Chargeback (Fee Option D) – 0.50% of the market value of the Units attributed to this Fee Option

annually for years 2 to 4 and 1.00% for years 5 and following.• No Load – Representative Chargeback (Fee Option E) – 0.50% of the market value of the Units attributed to this Fee Option

annually for years 2 to 7 and 1.00 % for years 8 and following.

Short Term Trading FeesShort-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of 2% of the transaction amount, in addition to any applicable charges.

The Company also reserves the right to refuse to process this request.

Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect, including but this is not limited to switches, transfers or partial surrenders of Units.

What if I change my mind?You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see page 23 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 23.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee.

DFS GIF – CONSERVATIVE



DFS GIF – MODERATEFinancial Information as at December 31, 2019










Top investments %











TOTAL 99.4%



DSF FPG – ModéréDFS GIF – Moderate

56.7% Canadian Bonds16.3% American Equity 10.1% International Equity9.6% Canadian Equity2.8% Cash / Money Market 1.9% Others1.4% Foreign Bonds1.2% American Bonds





Year-by-year returnsThis chart shows how the Fund has performed in each of the past 6 years for a Contract Owner who chose Helios – 75/75. Since February 24, 2014, the Fund went up in value 5 years and down in value 1 year of the 6.

-4

-2

0

2

4

6

8

10

12

201920182017201620152014*

%

Series 6

4.15

2.10

4.15

-2.31

9.47

1.50

-4

-2

0

2

4

6

8

10

12

201920182017201620152014*

%

Series 6

4.15

2.10

4.15

-2.31

9.47

1.50


28



Are there any guarantees?This Fund is being offered under an insurance contract. It comes with guarantees that may protect a Contract Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.

Who is this Fund for?This Fund may be right for a person seeking a conservative capital growth and interest income.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – MODERATE




Fee Option E
























DFS GIF – MODERATE

30


DFS GIF – BALANCEDFinancial Information as at December 31, 2019










Top investments %











TOTAL 100.0%



DSF FPG – ÉquilibréDFS GIF – Balanced

43.3% Canadian Bonds23.1% American Equity

14.4% International Equity13.6% Canadian Equity

2.1% Cash / Money Market 1.6% Others1.0% Foreign Bonds0.9% American Bonds

43.3% Canadian Bonds23.1% American Equity14.4% International Equity13.6% Canadian Equity

2.1% Cash / Money Market1.6% Others1.0% Foreign Bonds0.9% American Bonds





-4

-2

0

2

4

6

8

10

12

14

201920182017201620152014*

%

Series 6

4.17

2.16

6.12

-3.09

11.86

3.25

-4

-2

0

2

4

6

8

0

12

4

201920182017201620152014*

%

Series 6

4.17

2.16

6.12

-3.09

11.86

3.25






Who is this Fund for?This Fund may be right for a person seeking a balance of current income and capital appreciation.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – BALANCED

32



Fee Option E
























DFS GIF – BALANCED



DFS GIF – GROWTHFinancial Information as at December 31, 2019










Top investments %











TOTAL 100.1%



DSF FPG – CroissanceDFS GIF – Growth

30.0% Canadian Bonds29.6% American Equity 18.4% International Equity17.5% Canadian Equity1.8% Cash / Money Market 1.2% Others0.7% Foreign Bonds0.6% American Bonds






-5

0

5

10

15

20

201920182017201620152014*

%

Series 6

2.76

5.27

7.76

-3.45

4.31

14.31

-5

0

5

10

15

20

201920182017201620152014*

%

Series 6

2.76

5.27

7.76

-3.45

4.31

14.31


34




Who is this Fund for?This Fund may be right for a person seeking long-term capital growth and income.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GROWTH




Fee Option E










Helios2 – 75/100 i If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee. 0.50%

Helios2 – 100/100 i If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee. 1.05%










If you choose Helios2 – 75/100 i or Helios2 – 100/100 i you will have to pay both the MER and the additional guarantee fee.

DFS GIF – GROWTH

36


DFS GIF – MAXIMUM GROWTHFinancial Information as at December 31, 2019




Number of Units Outstanding (000’s): Series 6: 750 | Series 8: 367






Top investments %











TOTAL 100.0%



DSF FPG – Croissance maximaleDFS GIF – Maximum Growth

36.4% American Equity22.3% International Equity 21.2% Canadian Equity16.7% Canadian Bonds1.8% Cash / Money Market

0.9% Others0.4% Foreign Bonds0.4% American Bonds

36.4% American Equity22.3% International Equity21.2% Canadian Equity16.7% Canadian Bonds1.8% Cash / Money Market0.9% Others0.4% Foreign Bonds0.4% American Bonds





-10

-5

0

5

10

15

20

201920182017201620152014*

%

Series 6

4.885.68

9.49

16.78

3.51

-4.14

0

-5

0

5

0

15

20

201920182017201620152014*

%

Series 6

4.885.68

9.49

16.78

3.51

-4.14






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – MAXIMUM GROWTH

38



Fee Option E
















3 calendar years and 1.00% of the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge– 0.50% of the market value of the Units attributed to this Fee Option each year.• No Load – Representative Chargeback (Fee Option D) – 0.50% of the market value of the Units attributed to this Fee Option








DFS GIF – MAXIMUM GROWTH



DFS GIF – CONSERVATIVE – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: April 30, 2018 Series 6: April 30, 2018 Series 8: April 30, 2018








What does this Fund invest in?This Fund invests in the Desjardins SocieTerra Conservative Portfolio. The underlying fund invests primarily in Canadian and foreign fixed income/bonds (71%) and equities/securities (29%).

Top ten investments of the underlying fund %

Desjardins SocieTerra Canadian Bond Fund 55.4%

Desjardins SocieTerra American Equity Fund 8.3%

Desjardins SocieTerra Canadian Equity Fund 7.8%

Desjardins SocieTerra Global Bond Fund 7.0%

Desjardins SocieTerra Environmental Bond Fund 7.0%

Desjardins SocieTerra International Equity Fund 4.7%


Desjardins SocieTerra Positive Change Fund 2.2%

Desjardins SocieTerra Cleantech Fund 2.2%

Desjardins SocieTerra Environment Fund 2.0%

TOTAL 99.2%



DSF FPG – Conservateur Desjardins SocieTerreDFS GIF – Conservative Desjardins SocieTerra

69.4% Fixed-Income Investment Funds

29.8% Growth Investment Funds 0.8% Cash / Money Market

69.4% Fixed-Income Investment Funds

29.8% Growth Investment Funds0.8% Cash / Money Market



Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on April 30, 2018 and Series 6 now has $1,084. This works out to an average of 4.9% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 2 years for a Contract Owner who chose Helios2 – 75/75. Since April 30, 2018, the Fund went up in value 1 year and down in value 1 year of the 2.

-2

0

2

4

6

8

10

20192018*

%

Series 6

-0.80

9.27

-2

0

2

4

6

8

10

20192018*

%

Series 6

-0.80

9.27


40




Who is this Fund for?This Fund may be right for a person seeking liquidity and security of capital.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CONSERVATIVE – DESJARDINS SOCIETERRA




Fee Option E
























DFS GIF – CONSERVATIVE – DESJARDINS SOCIETERRA

42


DFS GIF – MODERATE – DESJARDINS SOCIETERRAFinancial Information as at May 31, 2020

Quick FactsInception Date: Fund: November 16, 2020 Series 6: November 16, 2020 Series 8: November 16, 2020

Total Value (000’s): Series 6: N/A | Series 8: N/A

Net Asset Value per Unit: Series 6: N/A | Series 8: N/A

Number of Units Outstanding (000’s): Series 6: N/A | Series 8: N/A



Portfolio Turnover Rate: N/A


What does this Fund invest in?This Fund invests in the Desjardins SocieTerra Moderate Portfolio. The underlying fund invests primarily in Canadian and foreign fixed-income (65%) and equity securities (35%).











Desjardins SocieTerra Diversity Fund 1.6%

TOTAL 96.4%


Investment Allocation as at May 31, 2020

How has the Fund performed?This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. Since this Fund was launched on November 16, 2020 and the underlying fund was launched on April 14, 2020, no annual financial returns are available as at May 31, 2020.

Average returnN/A

Year-by-year returnsN/A

DSF FPG – Modéré Desjardins SociéTerreDFS GIF – Moderate Desjardins SocieTerra

51.5% Canadian Bonds14.7% International Equity

Foreign BondsAmerican EquityCanadian EquityCash / Money Market

0.3% Income Trust Units

11.0%10.4%9.4%2.6%

51.5% Canadian Bonds14.7% International Equity

Foreign BondsAmerican EquityCanadian EquityCash / Money Market

0.3% Income Trust Units

11.0%10.4%9.4%2.6%





Who is this Fund for?This Fund may be right for a person seeking a responsible approach to investing and income as well as moderate long-term capital appreciation.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – MODERATE – DESJARDINS SOCIETERRA

44



Fee Option E
























DFS GIF – MODERATE – DESJARDINS SOCIETERRA



DFS GIF – BALANCED – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: October 19, 2015 Series 6: October 19, 2015 Series 8: April 30, 2018








What does this Fund invest in?This Fund invests in the Desjardins SocieTerra Balanced Portfolio. The underlying fund invests in fixed income (55%) and equities/securities (45%).












TOTAL 99.3%



DSF FPG – Équilibré - Desjardins SociéTerreDFS GIF – Balanced - Desjardins SocieTerra

53.4%

45.9% 0.7%

Fixed-Income Investment FundsGrowth Investment FundsCash / Money Market

53.4%

45.9%0.7%

Fixed-Income Investment FundsGrowth Investment FundsCash / Money Market



Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on October 19, 2015 and Series 6 now has $1,172. This works out to an average of 3.8% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 5 years for a Contract Owner who chose Helios2 – 75/75. Since October 15, 2015, the Fund went up in value 4 years and down in value 1 year of the 5.

-4

-2

0

2

4

6

8

10

12

14

20192018201720162015*

%

Series 6

2.27

-2.41

3.71

11.41

1.64

4

-2

0

2

4

6

8

0

2

4

20192018201720162015*

%

Series 6

2.27

-2.41

3.71

11.41

61.64


46



Are there any guarantees?Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.

Who is this Fund for?This Fund may be right for a person seeking interest income with stability of capital.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – BALANCED – DESJARDINS SOCIETERRA




Fee Option E
















3 calendar years and 1.00% of the market value of the Units attributed to this Fee Option each year thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.• No Load – Representative Chargeback (Fee Option D) – 0.50% of the market value of the Units attributed to this Fee Option








DFS GIF – BALANCED – DESJARDINS SOCIETERRA

48


DFS GIF – GROWTH – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins SocieTerra Growth Portfolio. The underlying fund invests primarily in Canadian and foreign equities/securities (60%) and fixed income/bonds (40%).












TOTAL 99.0%



DSF FPG – Croissance Desjardins SocieTerraDFS GIF – Growth Desjardins SocieTerra

60.6% 38.4%

1.0%

Growth Investment FundsFixed-Income Investment FundsCash / Money Market

60.6%38.4%

1.0%




Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 – 75/75 on April 30, 2018 and Series 6 now has $1,102. This works out to an average of 5.9% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the past 2 years for a Contract Owner who chose Helios2 – 75/75. Since April 30, 2018, the Fund went up in value 1 year and down in value 1 year of the 2.

-4

-2

0

2

4

6

8

10

12

14

16

20192018*

%

Series 6

-3.00

13.61

-4

-2

0

2

4

6

8

0

12

14

16

20192018*

%

Series 6

-3.00

13 6113.61








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GROWTH – DESJARDINS SOCIETERRA

50



Fee Option E
























DFS GIF – GROWTH – DESJARDINS SOCIETERRA



DFS GIF – MAXIMUM GROWTH – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2019


Total Value (000’s): Series 6: 1,405 | Series 8: 278







What does this Fund invest in?This Fund invests in the Desjardins SocieTerra Maximum Growth Portfolio. The underlying fund invests primarily in Canadian and foreign equities/securities (80%) and fixed income/ bonds (20%).












TOTAL 98.6 %



DSF FPG – Croissance maximale Desjardins SocieTerraDFS GIF – Maximum Growth Desjardins SocieTerra

79.6%19.0%

1.4%


79.6%19.0%

1.4%




Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 – 75/75 on April 30, 2018 and Series 6 now has $1,126. This works out to an average of 7.3% a year.

Year-by-year returnsThis chart shows how the Fund has performed in each of the 2 past years for a Contract Owner who chose Helios2 – 75/75. Since April 30, 2018, the Fund went up in value 1 year and down in value 1 year of the 2.

-5

0

5

10

15

20

20192018*

%

Series 6

-3.40

16.56

-5

0

5

0

15

20

20192018*

%

Series 6

-3.40

16.56


52






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – MAXIMUM GROWTH – DESJARDINS SOCIETERRA




Fee Option E
























DFS GIF – MAXIMUM GROWTH – DESJARDINS SOCIETERRA

54


DFS GIF – 100% EQUITY – DESJARDINS SOCIETERRAFinancial Information as at December 31, 2019







Portfolio Turnover Rate:

N/A


What does this Fund invest in?This Fund invests in the Desjardins SocieTerra 100% Equity Portfolio. The underlying fund invests in Canadian and foreign equity securities.









Cash and Cash Equivalents 1.9%

TOTAL 100.0%



DSF FPG – 100 % actions Desjardins SociéTerreDFS GIF – 100% Equity Desjardins SocieTerra

98.1% Growth Investment Funds 1.9% Cash / Money Market

98.1% Growth Investment Funds1.9% Cash / Money Market


The performance shown is for the underlying fund. It’s important to note that this doesn’t tell you how the Fund will perform in the future. Also, your actual return will depend on the Guarantee you choose and on your personal tax situation.

Average returnThis Fund was launched on November 16, 2020. An investor who purchased $1,000 of units in the underlying fund on July 8, 2019 now has $1,066.40. This works out to an average of 6.6% a year.

Year-by-year returnsThis chart shows how the underlying fund has performed in the past year. Since July 8, 2019, the underlying fund went up in value 1 year and down in value 0 year of the 1.

0

1

2

3

4

5

6

7

2019*

%

Series 6

6.64

0

1

2

3

4

5

6

7

2019*

%

Series 6

6.64






Who is this Fund for?This Fund may be right for a person seeking a responsible approach to investing and long-term capital appreciation.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – 100% EQUITY – DESJARDINS SOCIETERRA

56



Fee Option E























DFS GIF – 100% EQUITY – DESJARDINS SOCIETERRA




DFS GIF – FIXED INCOME – DESJARDINS WISE ETFFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Wise Fixed Income ETF Portfolio. The underlying fund is mainly composed of exchange-traded funds investing in fixed-income securities.


Desjardins Canadian Universe Bond Index ETF 68.5%

Vanguard Global ex-U.S. Aggregate Bond Index ETF 11.3%

Cash and Cash Equivalents 8.6%

iShares JPMorgan USD Emerging Markets Bond Index 5.9%

Vanguard U.S. Aggregate Bond Index ETF 5.7%

TOTAL 100.0%



DSF FPG – Revenu fixe Desjardins FNB AviséDFS GIF – Fixed Income Desjardins Wise ETF

91.4% Fixed-Income Index-Based Investments

8.6% Cash / Money Market







0.0

0.1

0.2

0.3

0.4

0.5

2019*

%

Series 6

0.46

0

0.1

.2

.3

.4

.5

2019*

%

Series 6

0.46


58




Who is this Fund for?This Fund may be right for a person seeking for a stable income return and a turnkey solution containing many different fixed-income securities classes.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – FIXED INCOME – DESJARDINS WISE ETF




Fee Option E


















annually for years 2 to 7 and 0.50% for years 8 and following.






DFS GIF – FIXED INCOME – DESJARDINS WISE ETF

60


DFS GIF – CONSERVATIVE – DESJARDINS WISE ETFFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Wise Conservative ETF Portfolio. The underlying fund is mainly composed of exchange-traded funds investing in fixed-income (80%) and equity securities (20%).




Vanguard S&P 500 Index ETF 5.8%

Vanguard FTSE Canada All Cap Index ETF 5.0%


iShares Core MSCI EAFE IMI Index ETF 3.4%

Vanguard U.S. Aggregate Bond Index ETF 3.3%

iShares Core MSCI Emerging Markets 1.7%

Desjardins USA Multifactor – Controlled Volatility ETF 1.6%

Desjardins Canada Multifactor – Controlled Volatility ETF 1.5%

TOTAL 91.4%



DSF FPG – Conservateur Desjardins FNB AviséDFS GIF – Conservative Desjardins Wise ETF


21.5% Growth Index-Based

Investments 6.1% Cash / Money Market


21.5% Growth Index-Based Investments






0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

2019*

%

Series 6

1.47

0

.2

.4

.6

8

0

.2

.4

.6

2019*

%

Series 6

1.47






Who is this Fund for?This Fund may be right for a person seeking for an income return and moderate long-term capital appreciation and a turnkey solution containing many different asset classes.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CONSERVATIVE – DESJARDINS WISE ETF

62



Fee Option E
























DFS GIF – CONSERVATIVE – DESJARDINS WISE ETF



DFS GIF – BALANCED – DESJARDINS WISE ETFFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Wise Balanced ETF Portfolio. The underlying fund is mainly composed of exchange-traded funds investing in fixed-income (60%) and equity securities (40%).










Desjardins Developed ex USA ex Canada Multifactor – Controlled Volatility ETF 2.6%


TOTAL 89.2%



DSF FPG – Équilibré Desjardins FNB AviséDFS GIF – Balanced Desjardins Wise ETF


40.5% Growth Index-Based

Investments 6.9% Cash / Money Market

52.6% Fixed-Income Index-BasedInvestments







0.0

0.5

1.0

1.5

2.0

2.5

2019*

%

Series 6

2.36

0

.5

0

.5

0

.5

2019*

%

Series 6

2.36


64




Who is this Fund for?This Fund may be right for a person seeking for a regular income return and long-term capital appreciation and a turnkey solution containing many different asset classes.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – BALANCED – DESJARDINS WISE ETF




Fee Option E
























DFS GIF – BALANCED – DESJARDINS WISE ETF

66


DFS GIF – GROWTH – DESJARDINS WISE ETFFinancial Information as at December 31, 2019







Portfolio Turnover Rate:

N/A


What does this Fund invest in?This Fund invests in the Desjardins Wise Growth ETF Portfolio. The underlying fund is mainly composed of exchange-traded funds investing in equity (60%) and fixed-income securities (40%).











iShares Core S&P Small-Cap ETF 2.9%

TOTAL 89.2%



DSF FPG – Croissance Desjardins FNB AviséDFS GIF – Growth Desjardins Wise ETF











0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

2019*

%

Series 6

3.22

0

.5

0

.5

0

.5

0

.5

2019*

%

Series 6

3.22






Who is this Fund for?This Fund may be right for a person seeking for long-term capital appreciation, an income return and a turnkey solution containing many different asset classes.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GROWTH – DESJARDINS WISE ETF

68



Fee Option E



















Short Term Trading Fees Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of 2% of the transaction amount, in addition to any applicable charges.





DFS GIF – GROWTH – DESJARDINS WISE ETF



DFS GIF – MAXIMUM GROWTH – DESJARDINS WISE ETFFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Wise Maximum Growth ETF Portfolio. The underlying fund is mainly composed of exchange-traded funds investing in equity (80%) and fixed-income securities (20%).












TOTAL 79.7%



DSF FPG – Croissance maximale Desjardins FNB AviséDFS GIF – Maximum Growth Desjardins Wise ETF

68.0% Growth Index-BasedInvestments



68.0% Growth Index-BasedInvestments

17.7% Cash / Money Market14.3% Fixed-Income Index-Based

Investments





0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

2019*

%

Series 6

4.41

0

.5

0

.5

0

.5

0

.5

0

.5

0

2019*

%

Series 6

4.41


70




Who is this Fund for?This Fund may be right for a person focusing mainly on long-term capital appreciation and looking for a turnkey solution containing many different asset classes.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – MAXIMUM GROWTH – DESJARDINS WISE ETF




Fee Option E
























DFS GIF – MAXIMUM GROWTH – DESJARDINS WISE ETF

72


DFS GIF – 100% EQUITY – DESJARDINS WISE ETFFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Wise 100% Equity ETF Portfolio. The underlying fund is composed of exchange-traded funds investing in equity securities.










Desjardins Emerging Markets Multifactor – Controlled Volatility ETF 2.0%

Cash and Cash Equivalents -1.9%

TOTAL 100.0%



DSF FPG – 100 % Actions Desjardins FNB AviséDFS GIF – 100% Equity Desjardins Wise ETF

63.6% Canada 38.3% United States -1.9% Cash / Money Market

63.6% Canada38.3% United States-1.9% Cash / Money Market





0

1

2

3

4

5

6

2019*

%

Series 6

5.27

0

1

2

3

4

5

6

2019*

%

Series 6

5.27






Who is this Fund for?This Fund may be right for a person seeking for long-term capital appreciation and a turnkey solution containing a diversified portfolio of equity securities.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – 100% EQUITY – DESJARDINS WISE ETF

74



Fee Option E
























DFS GIF – 100% EQUITY – DESJARDINS WISE ETF



DFS GIF – MONEY MARKETFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: November 15, 1995 Series 6: February 24, 2014 Series 8: April 30, 2018








What does this Fund invest in?This Fund invests in the DGIA Money Market Fund. The underlying fund invests in Canadian treasury bills and bankers acceptances.


Province of Alberta, 1.8415%, March 16, 2020 13.6%

Gaz Metropolitain, 1.52%, May 25, 2020 7.7%

Royal Bank of Canada, 2.03%, March 15, 2021 6.4%

STMicroelectronics, CP, February 13, 2020 6.3%

John Deere, Floating Rate, September 21, 2020 5.5%

Canadian Imperial Bank of Commerce, Floating Rate, December 8, 2020 4.9%

Scotiabank, 3.27%, January 11, 2021 4.4%

National Bank of Canada, Floating Rate, June 12, 2020 3.5%

Daimler Canada Finance, 1.732%, February 24, 2020 3.4%

Royal Bank of Canada, 2.00375%, July 28, 2020 3.4%

TOTAL 59.1%



DSF FPG – Marché monétaireDFS GIF – Money Market

52.5% Corporate Bonds17.6% Commercial Paper16.1% Discount Notes10.9% Bankers’ Acceptances2.9% Treasury Bills

52.5% Corporate Bonds17.6% Commercial Paper16.1% Discount Notes10.9% Bankers’ Acceptances2.9% Treasury Bills

How has the Fund performed?This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown below for the years 2010 to 2013 is for the Series 5. That Series is not available under the Contract and Information Folder. Returns are after the MER has been deducted.



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2010 to 2013) or Helios2 – 75/75. Since 2010, the Fund went up in value 8 years and down in value 2 years of the 10.

-0.8

-0.6

-0.4

-0.2

0.0

0.2

0.4

0.6

0.8

1.0

1.2

201920182017201620152014*2013201220112010

%

-0.08

0.01

0.23 0.24

Series 5 Series 6

0.08

0.60

0.99

0.11

-0.54

0.17

0.8

0.6

0.4

0.2

0.0

0.2

0.4

0.6

0.8

1.0

1.2

201920182017201620152014*2013201220112010

%

-0.08

0.01

0.23 0.24

Series 5 Series 6

0.08

0.60

0.99

0.11

-0.54

0.17


76






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – MONEY MARKET




Fee Option E
























DFS GIF – MONEY MARKET

78


DFS GIF – CANADIAN BONDFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the DGIA Canadian Bond Fund. The underlying fund invests primarily in Canadian government and corporate bonds.


Canada Housing Trust, 1.15%, December 15, 2021 5.4%

Canada Housing Trust, 2.40%, December 15, 2022 4.7%

Government of Canada, 2.00%, September 1, 2023 3.6%

Government of Canada, 1.00%, June 1, 2027 2.9%



Canada Housing Trust, 2.90%, June 15, 2024 2.3%

Province of Ontario, 2.60%, June 2, 2025 2.1%


Royal Bank of Canada, 1.65%, July 15, 2021 1.8%

TOTAL 29.8%



DSF FPG – Obligations canadiennesDFS GIF – Canadian Bond

34.8% Corporate Bonds34.1% Federal Bonds

29.1% Provincial Bonds1.5% Municipal Bonds0.5% Cash / Money Market

34.8% Corporate Bonds34.1% Federal Bonds29.1% Provincial Bonds1.5% Municipal Bonds0.5% Cash / Money Market




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 5 years for a Contract Owner who chose Helios2 – 75/75. Since October 19, 2015, the Fund went up in value 4 years and down in value 1 year of the 5.

-1

0

1

2

3

4

5

6

20192018201720162015*

%

Series 6

0.92

0.16

-0.20

4.92

0.70

-1

0

1

2

3

4

5

6

20192018201720162015*

%

Series 6

0.92

0.16

-0.20

4.92

0.70








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN BOND

80



Fee Option E
























DFS GIF – CANADIAN BOND



DFS GIF – GLOBAL TACTICAL BOND – DESJARDINSFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: October 7, 2019 Series 6: October 7, 2019 Series 8: October 7, 2019

Total Value (000’s): Series 6: 195 | Series 8: 200





Portfolio Sub-Advisor: PIMCO Canada Corp.



What does this Fund invest in?This Fund invests in the Desjardins Global Tactical Bond Fund. The underlying fund invests primarily in global credit markets including, without limitation, investment-grade corporate bonds, high-yield corporate bonds and emerging market bonds.


Republic of Turkey, 3.250%, 2025-06-14 2.0%

CBDL Funding 1, floating rate, 2021-11-15 1.9%

JPMorgan Chase & Co., Private Placement, Series 2007-CB20, Class D, floating rate, 2051-02-01

1.9%

Arab Republic of Egypt, Private Placement, Series 144A, 6.375%, 2031-04-11 1.8%

Sequa Mezzanine Holdings, floating rate, 2021-11-28 1.8%

Petróleos Mexicanos, 4.875%, 2028-02-21 1.7%

Royal Bank of Scotland, 5.076%, (floating rate from 2029-01-27), 2030-01-27 1.6%

Government of Ukraine, Private Placement, Series 144A, 6.750%, 2026-06-20 1.6%

KIRS Midco 3, 8.375%, 2023-07-15 1.6%

AA Bond Co., 2.875%, 2022-01-31 1.5%

TOTAL 17.4%



DSF FPG – Obligations mondiales tactiqueDFS GIF – Global Tactical Bond

55.6% Foreign Bonds15.0% American Bonds

10.8%6.8% U.S. Bank Loans5.2%

3.8% Foreign Mortgage-Backed Securities

Cash / Money Market

1.7% Derivative Financial Instruments

1.1% Canadian Bonds

U.S. Mortgage-Backed Securities

55.6% Foreign Bonds15.0% American Bonds10.8%6.8% U.S. Bank Loans5.2%

3.8% Foreign Mortgage-Backed Securities

Cash / Money Market

1.7% Derivative FinancialInstruments

1 1% Canadian Bonds

U.S. Mortgage-Backed Securities



Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 – 75/75 on October 7, 2019 and Series 6 now has $1,016. This works out to an average of 1.6% a year.

Year-by-year returnsThis chart shows how the Fund has performed in the past year for a Contract Owner who chose Helios2 – 75/75. Since October 7, 2019, the Fund went up in value 1 year and down in value 0 year of the 1..

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2019*

%

Series 6

1.60

0

.2

4

6

8

0

.2

4

6

8

2019*

%

Series 6

1.60


82




Who is this Fund for?This Fund may be right for a person who is primarily looking for a fund that invests in various global bond markets and wants a high income return with some long-term capital appreciation.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GLOBAL TACTICAL BOND – DESJARDINS




Fee Option E
























DFS GIF – GLOBAL TACTICAL BOND – DESJARDINS

84


DFS GIF – DIVERSIFIED INCOME – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2019

* This Fund is not available for new Deposits or fund switches

Quick FactsInception Date: Fund: October 30, 2000 Series 6: February 24, 2014 Series 8: April 30, 2018





Portfolio Manager: Franklin Templeton Investments Corp.



What does this Fund invest in?This Fund invests in the Franklin Quotential Diversified Income Portfolio. The underlying fund invests in bond (80%) and equity (20%) funds.


Franklin Bissett Canadian Government Bond Fund 29.7%

Franklin Bissett Core Plus Bond Fund 25.0%

Franklin Liberty Global Aggregate Bond ETF 10.2%

Franklin Bissett Short Duration Bond Fund 7.2%

Templeton Global Bond Fund 5.5%

Franklin Strategic Income Fund 4.0%

Franklin International Core Equity Fund 3.9%

Franklin U.S. Core Equity Fund 3.7%

Franklin FTSE U.S. Index ETF 2.2%

Franklin FTSE Canada All Cap Index ETF 2.1%

TOTAL 93.5%



DSF FPG – Revenu diversifié - Franklin QuotentielDFS GIF – Diversified Income - Franklin Quotential

67.7% Bonds15.2% Common Stocks

Investments inExchange-Traded Funds

2.3% Other Assets (of Underlying Funds)

0.6% Preferred Stocks-0.5% Short-Term Securities and

All Other Assets, net

14.7%

67.7% Bonds15.2% Common Stocks

Investments inExchange-Traded Funds




14.7%




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2010 to 2013) or Helios2 – 75/75. Since 2010, the Fund went up in value 9 years and down in value 1 year of the 10.

-6

-4

-2

0

2

4

6

8

10

201920182017201620152014*2013201220112010

%

Series 5 Series 6

7.94

2.32

5.90

4.82

2.02 2.292.82

6.49

1.22

-3.50

-6

-4

-2

0

2

4

6

8

10

201920182017201620152014*2013201220112010

%

Series 5 Series 6

7.94

2.32

5.90

4.82

2.02 2.292.82

6.49

1.221 22

-3.50






Who is this Fund for?This Fund may be right for a person seeking security of capital.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:







DFS GIF – DIVERSIFIED INCOME – FRANKLIN QUOTENTIAL

86

Ongoing Fund FeesThe MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the guarantees work, see the Guarantees section in the Contract and Information Folder.





Helios2 – 75/100 i If you choose Helios2 – 75/100 i, you will have to pay both the MER and the additional guarantee fee.

If you choose Helios2 – 75/100 i, you will have to pay both the MER and the additional guarantee fee. 0.45%



3 calendar years and 1.00% of the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.





If you choose Helios2 – 75/100 i, you will have to pay both the MER and the additional guarantee fee.

DFS GIF – DIVERSIFIED INCOME – FRANKLIN QUOTENTIAL



DFS GIF – BALANCED INCOME – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2019










What does this Fund invest in?CThis Fund invests in the Franklin Quotential Balanced Income Portfolio. The underlying fund invests in bond (60%) and equity (40%) funds.





Franklin Bissett Short Duration Bond Fund 5.3%


Templeton Global Bond Fund 4.9%




Franklin U.S. Rising Dividends Fund 3.1%

TOTAL 79.9%



DSF FPG – Équilibré de revenu - Franklin QuotentielDFS GIF – Balanced Income - Franklin Quotential

47.8% Bonds25.4% Investments in

Exchange-Traded Funds24.0% Common Stocks

2.1% Other Assets(of Underlying Funds)

0.6% Preferred Stocks0.2% Short-Term Securities and


47.8% Bonds25.4% Investments in

Exchange-Traded Funds24.0% Common Stocks


0.6% Preferred Stocks0.2% Short-Term Securities and






-6

-4

-2

0

2

4

6

8

10

201920182017201620152014*2013201220112010

%

Series 5 Series 6

5.14

9.16

3.364.02 4.09

-4.59

7.95

-2.07

1.33

8.32

-6

-4

-2

0

2

4

6

8

10

201920182017201620152014*2013201220112010

%

Series 5 Series 6

5.14

9.16

3.363 364.02 4.09

-4.59

7.95

-2.07

1.331 33

8.32


88




Who is this Fund for?This Fund may be right for a person seeking security and potential long-term capital growth.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:







DFS GIF – BALANCED INCOME – FRANKLIN QUOTENTIAL

















DFS GIF – BALANCED INCOME – FRANKLIN QUOTENTIAL

90


DFS GIF – CANADIAN BALANCED – FIDELITYFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: December 1, 2008 Series 6: February 24, 2014 Series 8: April 30, 2018





Portfolio Manager: Fidelity Investments Canada ULC



What does this Fund invest in?This Fund invests in the Fidelity Canadian Balanced Fund. The underlying fund invests in Canadian bonds (40%), Canadian equities (50%), as well as high yield bonds (10%).


Canadian Pacific Railway 3.9%

Toronto-Dominion Bank 3.8%

Royal Bank of Canada 3.4%

Brookfield Asset Management 2.9%

Suncor Energy 2.4%

Constellation Software 2.1%

Restaurant Brands International 1.9%

Sun Life Financial 1.8%

Thomson Reuters Corporation 1.8%

TC Energy Corporation 1.5%

TOTAL 25.5%

TOTAL INVESTMENTS: 1,018


DSF FPG – Canadien équilibré - FidelityDFS GIF – Canadian Balanced - Fidelity

43.7% Canadian Equity37.4% Canadian Bonds

10.6% Foreign Bonds6.6% International Equity1.7% Cash / Money Market0.1% Convertibles

43.7% Canadian Equity37.4% Canadian Bonds10.6% Foreign Bonds6.6% International Equity1.7% Cash / Money Market0.1% Convertibles




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2010 to 2013) or Helios2 – 75/75. Since 2010 the Fund went up in value 8 years and down in value 2 years of the 10..

-6

-4

-2

0

2

4

6

8

10

12

14

16

201920182017201620152014*2013201220112010

%

Series 5 Series 6

6.52

11.8012.39

-1.94

4.68 4.16

-4.19

5.14

2.81

13.29

-6

-4

-2

0

2

4

6

8

10

12

14

16

201920182017201620152014*2013201220112010

%

Series 5 Series 6

6.52

11.8012.39

-1.94

4.68 4.16

-4.19

5.145 14

2.812 81

13.2913 29






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth and who wants the convenience of a diversified portfolio in a single fund.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN BALANCED – FIDELITY

92



Fee Option E






















DFS GIF – CANADIAN BALANCED – FIDELITY



DFS GIF – U.S. MONTHLY INCOME – FIDELITYFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Fidelity U.S. Monthly Income Fund. The underlying fund invests primarily in American equity securities (50%) and bonds (50%).


JPMorgan Chase & Company 1.6%

Berkshire Hathaway 1.3%

Johnson & Johnson 1.1%

Bank of America Corporation 1.1%

Wells Fargo & Company 1.0%

Comcast Corporation 0.9%

Citigroup 0.9%

Walmart 0.9%

Chevron Corporation 0.8%

The Walt Disney Company 0.8%

TOTAL 10.4%

TOTAL INVESTMENTS: 2,620


DSF FPG – Revenu mensuel américain - FidelityDFS GIF – U.S. Monthly Income - Fidelity

40.7% Foreign BondsCash / Money Market

4.9% Convertibles0.7% Canadian Bonds0.6% Canadian Equity

47.9% American Equity

5.2%40.7% Foreign Bonds

Cash / Money Market4.9% Convertibles0.7% Canadian Bonds0.6% Canadian Equity

47.9% American Equity

5.2%




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 5 years for a Contract Owner who chose Helios2 – 75/75. Since October 19, 2015, the Fund went up in value 4 years and down in value 1 year of the 5..

-2

0

2

4

6

8

10

12

20192018201720162015*

%

Series 6

5.00

-0.25

1.63

5.59

10.32

-2

0

2

4

6

8

10

12

20192018201720162015*

%

Series 6

5.00

-0.25

1 631.63

5 595.59

10.32


94






Frais d’acquisition


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – U.S. MONTHLY INCOME – FIDELITY




Fee Option E
























DFS GIF – U.S. MONTHLY INCOME – FIDELITY

96


DFS GIF – GLOBAL BALANCED – JARISLOWSKY FRASERFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: November 17, 2003 Series 6: October 19, 2015 Series 8: April 30, 2018





Portfolio Manager: Jarislowsky, Fraser Limited



What does this Fund invest in?This Fund invests in the Jarislowsky Fraser Global Balanced Fund. The underlying fund invests primarily in bonds and (46%) and equities (54%) from around the world.


Jarislowsky International Pooled Fund 18.3%

Jarislowsky Fraser Emerging Market Equity Fund 2.5%

Microsoft Corporation 1.8%


Jarislowsky Special Equity Fund 1.6%


Enbridge 1.4%

Canadian National Railway Company 1.4%

Canadian Imperial Bank of Commerce 1.3%

Scotiabank 1.3%

TOTAL 32.7%



DSF FPG – Global équilibré - Jarislowsky FraserDFS GIF – Global Balanced - Jarislowsky Fraser

32.2% Canadian Bonds22.8% Canadian Equity19.6% International Equity19.3% American Equity6.1% Cash / Money Market

32.2% Canadian Bonds22.8% Canadian Equity19.6% International Equity19.3% American Equity6.1% Cash / Money Market





-10

-5

0

5

10

15

20

20192018201720162015*20142013201220112010

%

-0.13

15.69

2.48 3.17

Series 5 Series 6

7.80

4.793.86

-4.15

8.75

11.86

10

-5

0

5

10

15

20

20192018201720162015*20142013201220112010

%

-0.13

15.69

2.48 3.17

Series 5 Series 6

7.80

4.793.863 86

-4.15-4.15

8.758 75

11.86








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GLOBAL BALANCED – JARISLOWSKY FRASER

98



Fee Option E
























DFS GIF – GLOBAL BALANCED – JARISLOWSKY FRASER



DFS GIF – CANADIAN BALANCED – FIERA CAPITALFinancial Information as at December 31, 2019






Portfolio Manager: Fiera Capital Corporation



What does this Fund invest in?This Fund invests primarily in Canadian bonds and treasury bills (40%), Canadian equities (40%), as well as world equities (20%).


Fiera Capital Global Equity Fund 20.7%

Fiera Active Short Term Canadian Municipal Bond Fund 7.1%

Province of Ontario, 2.90%, June 2, 2028 3.4%




Toromont Industries 1.9%

Constellation Software 1.8%


Alimentation Couche-Tard 1.8%

TOTAL 44.5%



DSF FPG – Canadien équilibré - Fiera CapitalDFS GIF – Canadian Balanced - Fiera Capital

43.4% Canadian Equity20.7% International Equity20.5% Canadian Bonds

Cash / Money Market15.5%

43.4% Canadian Equity20.7% International Equity20.5% Canadian Bonds

Cash / Money Market15.5%





-10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

1.82

Series 5 Series 6

3.27

-6.01

-2.13

4.98

11.88

6.567.89

6.93

14.43

10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

1.82

Series 5 Series 6

3.273 27

-6.01

-2.13

4.98

11.88

6.567.89

6.93

14 4314.43


100




Who is this Fund for?This Fund may be right for a person seeking conservative capital growth and interest income.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN BALANCED – FIERA CAPITAL




Fee Option E
























DFS GIF – CANADIAN BALANCED – FIERA CAPITAL

102


DFS GIF – BALANCED GROWTH – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2019










What does this Fund invest in?This Fund invests in the Franklin Quotential Balanced Growth Portfolio. The underlying fund invests in bond (40%) and equity (60%) funds.











Franklin Canadian Core Equity Fund 4.4%

TOTAL 71.2%



DSF FPG – Équilibré de croissance - Franklin QuotentielDFS GIF – Balanced Growth - Franklin Quotential

36.2% Common Stocks31.8% Bonds

29.8% Investments in Exchange-Traded Funds




36.2% Common Stocks31.8% Bonds29.8% Investments in

Exchange-Traded Funds1.8% Other Assets

(of Underlying Funds)0.5% Preferred Stocks-0.1% Short-Term Securities and




Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on February 24, 2014 and Series 6 now has $1,218. This works out to an average of 3,4% a year.


-10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

Series 5 Series 6

9.12

-5.05

5.86

14.08

4.71

1.70

5.69

-5.99

10.93

3.78

-10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

Series 5 Series 6

9.129 12

-5.05

5.86

14.08

4.71

1.70

5.69

-5.99

10.93

3.783 78






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth and security.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:







DFS GIF – BALANCED GROWTH – FRANKLIN QUOTENTIAL

104










3 calendar years and 1.00% of the market value of the Units attributed to this Fee Option thereafter.• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of 2% of the transaction amount, in addition to any applicable charges.





DFS GIF – BALANCED GROWTH – FRANKLIN QUOTENTIAL



DFS GIF – CANADIAN BALANCED – CI SIGNATUREFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: May 3, 2010 Series 6: February 24, 2014 Series 8: April 30, 2018





Portfolio Manager: CI Investments Inc.



What does this Fund invest in?This Fund invests in the Signature Canadian Balanced Fund. The underlying fund invests in Canadian bonds (40%) and equities (60%).


Manulife Financial Corporation 4.3%

SPDR Gold Trust 4.0%

Scotiabank 3.3%

Province of Ontario, 2.65%, December 2, 2050 1.8%


Suncor Energy 1.8%

Province of Ontario, 2,60%, June 2, 2025 1.8%

Province of Quebec, 2.50%, September 1, 2026 1.7%

Province of Quebec, 3.10%, December 1, 2051 1.5%

Government of Canada, 1.50%, August 1, 2021 1.5%

TOTAL 23.5%



DSF FPG – Canadien équilibré - CI SignatureDFS GIF – Canadian Balanced - CI Signature

36.3% Canadian Bonds28.9% Canadian Equity16.6% American Equity12.0% International Equity

3.1% Cash / Money Market2.8% American Bonds0.3% Foreign Bonds

36.3% Canadian Bonds28.9% Canadian Equity16.6% American Equity12.0% International Equity

3.1% Cash / Money Market2.8% American Bonds0.3% Foreign Bonds




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2010 to 2013) or Helios2 – 75/75. Since May 3, 2010, the Fund went up in value 7 years and down in value 3 years of the 10.

-10

-5

0

5

10

15

201920182017201620152014*2013201220112010*

%

Series 5 Series 6

6.69 6.06

-4.04

11.81

7.37

-1.05

5.14

8.86

-8.88

12.82

-10

-5

0

5

10

15

201920182017201620152014*2013201220112010*

%

Series 5 Series 6

6.69 6.06

4 04-4.04

11.81

7.37

-1.05

5.14

8.868 86

-8.88

12.82


106




Who is this Fund for?This Fund may be right for a person seeking a balanced of current income and capital appreciation.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN BALANCED – CI SIGNATURE




Fee Option E
























DFS GIF – CANADIAN BALANCED – CI SIGNATURE

108


DFS GIF – INCOME AND GROWTH – CI SIGNATUREFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: September 24, 2012 Series 6: February 24, 2014 Series 8: April 30, 2018








What does this Fund invest in?This Fund invests in the Signature Income and Growth Fund. The underlying fund invests in fixed income (40%) and equity (60%) securities.



SPDR Gold Trust 3.9%

Scotiabank 3.3%

Suncor Energy 1.9%

Nestlé SA 1.5%

Total 1.4%


Sony Corporation 1.2%

Advanced Micro Devices 1.2%

Province of Ontario, 2.65%, December 2, 2050 1.1%

TOTAL 21.1%



DSF FPG – Revenu et croissance - CI SignatureDFS GIF – Income and Growth - CI Signature

27.8% Canadian Equity26.0% Canadian Bonds18.9% American Equity12.6% International Equity9.3% American Bonds3.6% Cash / Money Market2.0% Foreign Bonds

27.8% Canadian Equity26.0% Canadian Bonds18.9% American Equity12.6% International Equity9.3% American Bonds3.6% Cash / Money Market2.0% Foreign Bonds

How has the Fund performed?This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown below for the years 2012 and 2013 is for the Series 5. That Series is not available under the Contract and Information Folder. Returns are after the MER has been deducted.



Year-by-year returnsThis chart shows how the Fund has performed in each of the past 8 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 6 years and down in value 2 years of the 8.

-15

-10

-5

0

5

10

15

20

201920182017201620152014*20132012*

%

Series 5 Series 6

-2.09

5.97

1.78

7.179.35

-9.05

13.9213.05

-15

-10

-5

0

5

10

15

20

201920182017201620152014*20132012*

%

Series 5 Series 6

-2.09

5.97

1.78

7.179 359.35

9.05-9 05

13.9213.9213.0513 05








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – INCOME AND GROWTH – CI SIGNATURE

110



Fee Option E
























DFS GIF – INCOME AND GROWTH – CI SIGNATURE



DFS GIF – GROWTH AND INCOME – NEIFinancial Information as at December 31, 2019






Portfolio Manager: Northwest & Ethical Investments L.P.

Portfolio Sub-Advisor: Kingwest & Company



What does this Fund invest in?This Fund invests in the NEI Growth and Income Fund. The underlying fund invests in bonds (20%) and equities (80%).


NEI Global Equity Fund 34.7%

NEI Canadian Bond Fund 22.4%


Scotiabank 3.9%

Air Canada 3.3%

FirstService Corporation 3.3%

Colliers International Group 2.9%


Quebecor 2.6%

Sunlife Financial 2.4%

TOTAL 82.3%



DSF FPG – Croissance et revenu - NEI NordOuestDFS GIF – Growth and Income - NEI Northwest

57.1% Investment Funds21.2% Financials6.1% Real Estate5.8% Communication Services4.5% Industrials1.7% Energy1.4% Consumer Discretionary1.1% Materials1.1% Cash / Money Market

57.1% Investment Funds21.2% Financials6.1% Real Estate5.8% Communication Services4.5% Industrials1.7% Energy1.4% Consumer Discretionary1.1% Materials1.1% Cash / Money Market





-10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

Series 5 Series 6

7.69

-1.39

7.91

3.872.99

7.719.36

-6.98

12.97

17.51

-10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

Series 5 Series 6

7.69

-1.39

7.91

3.872.99

7.719.36

-6.98

12.97

17.51


112




Who is this Fund for?This Fund may be right for a person seeking long-term capital growth and income.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GROWTH AND INCOME – NEI




Fee Option E
























DFS GIF – GROWTH AND INCOME – NEI

114


DFS GIF – GROWTH – NEI SELECTFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: January 14, 2002 Series 6: February 24, 2014 Series 8: April 30, 2018








What does this Fund invest in?This Fund invests in the NEI Select Growth Portfolio. The underlying fund invests in bond (20%) and equity (80%) funds.


NEI Global Equity RS Fund 13.1%

NEI Global Equity Fund 12.0%

NEI Global Value Fund 10.2%

NEI International Equity Fund 8.9%

NEI Global Total Return Bond Fund 8.5%

NEI Emerging Markets Fund 8.5%

NEI Canadian Equity Fund 7.1%

NEI Canadian Dividend Fund 7.1%

NEI Canadian Small Cap Equity Fund 6.0%

NEI U.S. Equity Fund 5.9%

TOTAL 87.3%



DSF FPG – Croissance -NEIDFS GIF – Growth - NEI

33.2% International Equity31.7% American Equity16.7% Canadian Equity5.8% Foreign Bonds5.1% Canadian Bonds3.5% American Bonds3.3% Cash / Money Market0.7% Others

33.2% International Equity31.7% American Equity16.7% Canadian Equity5.8% Foreign Bonds5.1% Canadian Bonds3.5% American Bonds3.3% Cash / Money Market0.7% Others

How has the Fund performed?This section tells you how the Fund has performed for a Contract Owner who chose Helios2 – 75/75. The performance shown below for the years 2010 to 2013 is for the Series 5. That Series is not available under the Contract and Information Folder.




-10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

Series 5 Series 6

6.65

-5.18

7.57

16.73

2.54

5.69 6.45

8.87

-7.17

14.07

10

-5

0

5

10

15

20

201920182017201620152014*2013201220112010

%

Series 5 Series 6

6.65

-5.18

7.57

16.73

2.54

5.69 6.45

8.878 87

-7.17

14 0714.07






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth and security.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GROWTH – NEI SELECT

116



Fee Option E
























DFS GIF – GROWTH – NEI SELECT



DFS GIF – ASSET ALLOCATION – CAMBRIDGEFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Cambridge Asset Allocation Fund. The underlying fund invests in Canadian equity (60%) and fixed income (40%) securities.


Cambridge Bond Fund 36.3%

Cambridge Cdn Short Term Bond Fund 9.1%

Cambridge Canadian Long Term Bond Fund 4.1%

Tourmaline Oil Corporation 2.2%

Keyera Corporation 2.1%

Canadian Natural Resources 2.1%

Imperial Brands 2.0%

Cambridge Balanced Yield Fund 2.0%

Enbridge 2.0%

Anthem 1.9%

TOTAL 63.8%



DSF FPG – Répartition d'actifs canadiens - CI CambridgeDFS GIF – Canadian Asset allocation - CI Cambridge

34.6% Canadian Bonds29.6% Canadian Equity16.4% American Equity6.0% American Bonds5.4%4.5% International Equity3.6% Cash / Money Market

Foreign Bonds

34.6% Canadian Bonds29.6% Canadian Equity16.4% American Equity6.0% American Bonds5.4%4.5% International Equity3.6% Cash / Money Market

Foreign Bonds




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 8 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 7 years and down in value 1 year of the 8.

-10

-5

0

5

10

15

20

201920182017201620152014*20132012*

%

Series 5 Series 6

1.57

6.39

3.85

6.26

1.87

-5.18

11.82

17.91

-10

-5

0

5

10

15

20

201920182017201620152014*20132012*

%

Series 5 Series 6

1.57

6.39

3.85

6.26

1.87

-5.18

11.82

17.91


118






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – ASSET ALLOCATION – CAMBRIDGE




Fee Option E
























DFS GIF – ASSET ALLOCATION – CAMBRIDGE

120


DFS GIF – GROWTH – FRANKLIN QUOTENTIALFinancial Information as at December 31, 2019










What does this Fund invest in?This Fund invests in the Franklin Quotential Growth Portfolio. The underlying fund invests in bond (20%) and equity (80%) funds.










Franklin Canadian Core Equity Fund 6.0%

Franklin U.S. Opportunities Fund 5.6%

TOTAL 69.7%



DSF FPG – Croissance - Franklin QuotentielDFS GIF – Growth - Franklin Quotential

49.1% Common Stocks34.4% Investments in

Exchange-Traded Funds16.0% Bonds




49.1% Common Stocks34.4% Investments in

Exchange-Traded Funds16.0% Bonds








-10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

9.03

-8.02

6.91

18.82

4.096.06

1.56

7.03

-7.33

13.31

-10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

9.03

-8.02

6.91

18 8218.82

4 094.096.06

1.56

7.03

-7.33

13.3113 31






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:







DFS GIF – GROWTH – FRANKLIN QUOTENTIAL

122
















DFS GIF – GROWTH – FRANKLIN QUOTENTIAL



DFS GIF – DIVIDEND INCOME – DESJARDINSFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Dividend Income Fund. The underlying fund invests in income-producing securities which may include, but are not limited to, dividend paying equity securities, government and corporate bonds, income trusts and other securities primarily of Canadian issuers.




Enbridge 4.8%

Scotiabank 3.8%

TC Energy 3.1%


Suncor Energy 2.9%



Waste Connections 2.2%

TOTAL 37.4%



DSF FPG – Revenu de dividendes - DesjardinsDFS GIF – Dividend Income - Desjardins

80.3% Canadian Equity14.3% Canadian Bonds 3.2% Cash / Money Market2.2% American Equity

80.3% Canadian Equity14.3% Canadian Bonds3.2% Cash / Money Market2.2% American Equity




Year-by-year returnsThis chart shows how the Fund has performed in the past year for a Contract Owner who chose Helios2 – 75/75. Since October 7, 2019, the Fund went up in value 1 year and down in value 0 year of the 1.

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

2019*

%

Series 6

0.60

.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

2019*

%

Series 6

0.60


124




Who is this Fund for?This Fund may be right for a person seeking income from dividends and capital growth.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – DIVIDEND INCOME – DESJARDINS




Fee Option E
























DFS GIF – DIVIDEND INCOME – DESJARDINS

126


DFS GIF – CANADIAN DIVIDEND – NEIFinancial Information as at December 31, 2019






Portfolio Manager: Nortwest & Ethical Investments L. P.

Portfolio Sub-Advisor: Lincluden Investment Management Limited



What does this Fund invest in?This Fund invests in the NEI Canadian Dividend Fund. The underlying fund invests primarily in Canadian common stocks.




Scotiabank 3.7%

Enbridge 3.4%

Inter Pipeline 3.3%

Power Financial Corporation 3.2%

Canadian Natural Resources 3.1%

Metro 2.8%

BCE 2.8%

Rogers Communications 2.7%

TOTAL 33.5%



DSF FPG – Dividendes canadiens - NEI NordOuestDFS GIF – Canadian Dividend - NEI Northwest

30.3% Financials20.2% Energy9.5% Communication Services7.8% Consumer Staples7.7% Real Estate5.6% Cash / Money Market5.1% Utilities4.0% Health Care3.9% Information Technology2.9% Materials2.1% Consumer Discretionary0.9% Industrials

30.3% Financials20.2% Energy9.5% Communication Services7.8% Consumer Staples7.7% Real Estate5.6% Cash / Money Market5.1% Utilities4.0% Health Care3.9% Information Technology2.9% Materials2.1% Consumer Discretionary0.9% Industrials




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 8 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 6 years and down in value 2 years of the 8.

-15

-10

-5

0

5

10

15

20

25

30

201920182017201620152014*20132012*

%

Series 5 Series 6

-1.36

8.82

25.36

16.32

2.52

-9.53

4.23

15.89

-15

-10

-5

0

5

10

15

20

25

30

201920182017201620152014*20132012*

%

Series 5 Series 6

-1.36

8.828.82

25.36

16.32

2.52

-9.53

4.234.23

15.89






Who is this Fund for?This Fund may be right for a person seeking a balance of current income and capital appreciation. Since the Fund invests in equities, changes in market conditions can cause its market value to increase or decrease in a short period of time.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN DIVIDEND – NEI

128



Fee Option E
























DFS GIF – CANADIAN DIVIDEND – NEI



DFS GIF – CANADIAN EQUITY – DESJARDINSFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the Desjardins Canadian Equity Fund. The underlying fund invests primarily in equity securities of large-cap Canadian corporations.




Enbridge 4.3%

Scotiabank 3.8%



Suncor Energy 2.8%

TC Energy 2.7%


Barrick Gold Corporation 2.5%

TOTAL 38.2%



DSF FPG – Actions canadiennes - DesjardinsDFS GIF – Canadian Equity - Desjardins

30.9% Financials16.7% Energy11.6% Materials10.6% Industrials5.8% Information Technology5.4% Communication Services4.1% Consumer Staples4.1% Utilities3.9% Consumer Discretionary3.1% Real Estate2.6% Cash / Money Market1.1% Health Care0.1% Index-Based Investments

30.9% Financials16.7% Energy11.6% Materials10.6% Industrials5.8% Information Technology5.4% Communication Services4.1% Consumer Staples4.1% Utilities3.9% Consumer Discretionary3.1% Real Estate2.6% Cash / Money Market1.1% Health Care0.1% Index-Based Investments



Average returnThis Fund was launched on November 16, 2020. An investor who purchased $1,000 of units in the underlying fund on November 25, 2016 now has $1,160.24. This works out to an average of 3.8% a year.

Year-by-year returnsThis chart shows how the underlying fund has performed in each of the past 4 years. Since 2016, the underlying fund went up in value 3 years and down in value 1 year of the 4.

-15

-10

-5

0

5

10

15

20

25

2019201820172016*

%

Series 6

1.74

-11.67

20.01

7.58

5

0

-5

0

5

0

5

0

25

2019201820172016*

%

Series 6

1.74

-11.67

20.01

7.58


130




Who is this Fund for?This Fund may be right for a person seeking for a long-term capital appreciation by investing in a Canadian equity core fund.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN EQUITY – DESJARDINS




Fee Option E
























DFS GIF – CANADIAN EQUITY – DESJARDINS

132


DFS GIF – CANADIAN EQUITY – JARISLOWSKY FRASERFinancial Information as at December 31, 2019

Quick FactsInception Date: Fund: December 5, 2005 Series 6: October 19, 2015 Series 8: April 30, 2018





Portfolio Manager: Jarislowsky, Fraser Limited



What does this Fund invest in?This Fund invests in the Jarislowsky Fraser Canadian Equity Fund. The underlying fund invests primarily in equity from large Canadian companies.



Jarislowsky Special Equity Fund 6.2%


Scotiabank 5.4%

Enbridge 5.2%





Nutrien 4.0%

TOTAL 53.2%



DSF FPG – Actions canadiennes - Jarislowsky FraserDFS GIF – Canadian Equity - Jarislowsky Fraser

32.0% Financials17.7% Industrials12.4% Energy9.2% Consumer Staples7.8% Information Technology6.8% Materials6.4% JF Special Equity Fund5.8% Consumer Discretionary1.9% Cash / Money Market0.1% Real Estate

32.0% Financials17.7% Industrials12.4% Energy9.2% Consumer Staples7.8% Information Technology6.8% Materials6.4% JF Special Equity Fund5.8% Consumer Discretionary1.9% Cash / Money Market0.1% Real Estate





-15

-10

-5

0

5

10

15

20

25

20192018201720162015*20142013201220112010

%

7.04

Series 5 Series 6

-1.69

14.98

-8.57

7.729.65

-8.89

17.0719.19

3.51

-15

10

-5

0

5

10

15

20

25

20192018201720162015*20142013201220112010

%

7.04

Series 5 Series 6

-1.69

14.98

-8.57-8.57

7.729 659.65

8.89-8 89

17.0719 1919.19

3.513.51








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN EQUITY – JARISLOWSKY FRASER

134



Fee Option E
























DFS GIF – CANADIAN EQUITY – JARISLOWSKY FRASER



DFS GIF – CANADIAN EQUITY – FIDELITY TRUE NORTH®

Financial Information as at December 31, 2019

® Fidelity True North is a registered trademark of FMR Corp.









What does this Fund invest in?This Fund invests in the Fidelity True North Fund®. The underlying fund invests primarily in equity from small, medium and large Canadian companies.





Suncor Energy 3.8%

Enbridge 3.7%

BCE 3.6%


Metro 3.5%

CGI Group 3.3%

Power Corporation of Canada 2.9%

TOTAL 39.6%



DSF FPG – Actions canadiennes - Fidelity Frontière NordMDDFS GIF – Canadian Equity - Fidelity True North®

88.1% Canadian Equity8.3% International Equity3.4% Cash / Money Market 0.1% Others

88.1% Canadian Equity8.3% International Equity3.4% Cash / Money Market0.1% Others





-15

-10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-2.61

21.38

7.44

11.68

-5.80

-8.93

9.08 9.15

4.01

16.37

-15

10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-2.61

21.38

7.44

11.68

-5.80

-8.93

9 089.08 9 159.15

4 014.01

16.37


136




Who is this Fund for?This Fund may be right for a person seeking long-term capital growth with moderate risk.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D









Fee Option E

























138


DFS GIF – CANADIAN EQUITY – FRANKLIN BISSETTFinancial Information as at December 31, 2019


Quick FactsInception Date: Fund: April 17, 2000 Series 6: February 24, 2014 Series 8: April 30, 2018





Portfolio Manager: Franklin Bissett Investment Management



What does this Fund invest in?This Fund invests in the Franklin Bissett Canadian Equity Fund. The underlying fund invests primarily in equity from medium and large Canadian companies.







Canadian Imperial Bank of Commerce 3.3%

Bank of Montreal 3.3%


Scotiabank 2.9%

Enbridge 2.9%

TOTAL 43.4%



DSF FPG – Actions canadiennes - Franklin BissettDFS GIF – Canadian Equity - Franklin Bissett

33.9% Financials13.5% Energy 12.7% Industrials9.0% Consumer Staples6.2% Information Technology5.1% Materials5.0% Short-Term Securities and

All Other Assets, net4.7% Communication Services4.3% Utilities3.1% Consumer Discretionary2.6% Real Estate

33.9% Financials13.5% Energy12.7% Industrials9.0% Consumer Staples6.2% Information Technology5.1% Materials5.0% Short-Term Securities and

All Other Assets, net4.7% Communication Services4.3% Utilities3.1% Consumer Discretionary2.6% Real Estate





-15

-10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-9.52

5.35

19.71

13.34

-11.91

20.35

17.42

-7.30

18.48

3.91

15

10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-9.529 52

5.35

19.71

13.34

-11.91

20.35

17.4217 42

-7.30

18.4818 48

3 913.91






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can cause its market value to increase or decrease in a short period of time.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:







DFS GIF – CANADIAN EQUITY – FRANKLIN BISSETT

140


















DFS GIF – CANADIAN EQUITY – FRANKLIN BISSETT



DFS GIF – CANADIAN SMALL CAP EQUITY – NEIFinancial Information as at December 31, 2019







Portfolio Sub-Advisor: Laurus Investment Counsel Inc.



What does this Fund invest in?This Fund invests in the NEI Canadian Small Cap Equity Fund. The underlying fund invests primarily in equity from small Canadian companies.


Premium Brands Holdings Corporation 6.3%

Kinaxis 4.6%

Winpak 4.4%

Canadian Western Bank 4.3%

Morneau Shepell 4.1%

Intertape Polymer Group 4.1%

Guardian Capital Group 4.0%

Richelieu Hardware 4.0%

NFI Group 4.0%

ATS Automation Tooling Systems 3.6%

TOTAL 43.4%



DSF FPG – Actions canadiennes petite capitalisation - NEIDFS GIF – Canadian Small Cap Equity - NEI

24.2% Industrials17.5% Financials12.4% Information Technology10.5% Materials9.8% Energy8.4% Consumer Staples7.6% Cash / Money Market 5.8% Real Estate3.4% Consumer Discretionary0.4% Health Care

24.2% Industrials17.5% Financials12.4% Information Technology10.5% Materials9.8% Energy8.4% Consumer Staples7.6% Cash / Money Market5.8% Real Estate3.4% Consumer Discretionary0.4% Health Care



Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on February 24, 2014 and Series 6 now has $948. This works out to an average of -0.9% a year.


-30

-20

-10

0

10

20

30

40

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-11.16

16.98

0.82

-14.01

4.97

17.81

30.48

14.22

-7.34

-18.47

30

20

-10

0

10

20

30

40

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-11.16

16.98

0.82

-14.01

4.97

17 8117.81

30.48

14.22

-7.34-7.34

-18.4718 47


142




Who is this Fund for?This Fund may be right for a person seeking long-term capital growth but can tolerate high variations in value.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – CANADIAN SMALL CAP EQUITY – NEI




Fee Option E






















DFS GIF – CANADIAN SMALL CAP EQUITY – NEI

144


DFS GIF – SMALL CAP – FRANKLIN BISSETTFinancial Information as at December 31, 2019







Portfolio Manager: Franklin Bissett Investment Management



What does this Fund invest in?This Fund invests in the Franklin Bissett Small Cap Fund. The underlying fund invests primarily in equity from small and medium Canadian companies.


Transat A.T. 4.1%

Indigo Books & Music 3.3%

Trican Well Service 3.1%

Blackline Safety 2.9%

Jamieson Wellness 2.9%

Total Energy Services 2.9%

InterRent Real Estate Investment Trust 2.9%

ATCO 2.8%

Kinaxis 2.8%

Equitable Group 2.6%

TOTAL 30.3%



DSF FPG – Sociétés à petite capitalisation - Franklin BissettDFS GIF – Small Cap - Franklin Bissett

97.2% Common Stocks2.6% Short-Term Securities and

All Other Assets, net0.3% Canadian Corporate Bonds0.0% Canadian Short-Term

Securities and All Other Assets, net

97.2% Common Stocks2.6% Short-Term Securities and

All Other Assets, net0.3% Canadian Corporate Bonds0.0% Canadian Short-Term

Securities and All Other Assets, net



Average returnA Contract Owner who deposited $1,000 in the Fund and chose Helios2 - 75/75 on February 24, 2014 and Series 6 now has $650. This works out to an average of -7.1% a year.


-40

-30

-20

-10

0

10

20

30

40

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-20.04

-5.47

33.18

20.75

-12.97

-2.09

28.0927.42

-3.56

-28.90

40

30

20

-10

0

10

20

30

40

201920182017201620152014*2013201220112010

%

Series 5 Series 6

-20.04

-5.47

33.18

20.75

-12.97

-2.09

28 0928.0927.4227 42

-3.56

-28.9028 90






Who is this Fund for?This Fund may be right for a person seeking long-term capital growth but can tolerate high variations in value.


Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:







DFS GIF – SMALL CAP – FRANKLIN BISSETT

146
















DFS GIF – SMALL CAP – FRANKLIN BISSETT



DFS GIF – AMERICAN EQUITY – MFSFinancial Information as at December 31, 2019






Portfolio Manager: MFS Investment Management Canada Limited



What does this Fund invest in?This Fund invests in the MFS U.S. Equity Core Fund. The underlying fund invests primarily in equity from large American companies.


Alphabet 3.4%



Medtronic 2.6%

Johnson & Johnson 2.5%

MasterCard 2.5%


Visa 2.4%

American Tower Corporation REIT 2.3%

Thermo Fisher Scientific 2.1%

TOTAL 26.3%



DSF FPG – Actions américaines - MFSDFS GIF – American Equity - MFS

23.2% Information Technology16.3% Health Care

13.0% Financials10.3% Communication Services8.5% Consumer Discretionary8.4% Industrials7.8% Consumer Staples4.5% Materials4.1% Energy2.3% Real Estate1.1% Cash / Money Market

0.5% Utilities

23.2% Information Technology16.3% Health Care13.0% Financials10.3% Communication Services8.5% Consumer Discretionary8.4% Industrials7.8% Consumer Staples4.5% Materials4.1% Energy2.3% Real Estate1.1% Cash / Money Market

0.5% Utilities




Year-by-year returnsThis chart shows how the Fund has performed in each of the past 10 years for a Contract Owner who chose the Guarantee 75/75 (from 2010 to 2013) or Helios2 – 75/75. Since 2010, the Fund went up in value 9 years and down in value 1 year of the 10.

-10

-5

0

5

10

15

20

25

30

35

40

201920182017201620152014*2013201220112010

%

Series 5 Series 6

12.8511.88

1.54 0.39

17.10

3.00

12.85

-4.39

37.79

22.44

-10

-5

0

5

10

15

20

25

30

35

40

201920182017201620152014*2013201220112010

%

Series 5 Series 6

12.8511.88

1.54 0.39

17.10

3.00

12.85

-4.394 39

37.7937 79

22.4422 44


148






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – AMERICAN EQUITY – MFS




Fee Option E
























DFS GIF – AMERICAN EQUITY – MFS

150


DFS GIF – AMERICAN EQUITY VALUE – DESJARDINSFinancial Information as at December 31, 2019







Portfolio Sub-Advisor: Wellington Management Canada ULC



What does this Fund invest in?This Fund invests in the Desjardins American Equity Value Fund. The underlying fund invests primarily in equity from medium and large American companies.




Verizon Communications 3.4%

Intel Corporation 2.8%

Citigroup 2.4%

Pfizer 2.4%

Chevron Corporation 2.3%

Medtronic 2.3%

Comcast Corporation 2.1%

United Technologies Corporation 1.9%

TOTAL 29.1%



DSF FPG – Actions américaines valeur - DesjardinsDFS GIF – American Equity Value - Desjardins

81.2% American Equity13.6% International Equity3.3% Cash / Money Market1.9% Canadian Equity

81.2% American Equity13.6% International Equity3.3% Cash / Money Market1.9% Canadian Equity





-10

-5

0

5

10

15

20

25

30

35

201920182017201620152014*2013201220112010

%

Series 5 Series 6

15.16 15.77

32.39

-2.65

5.37

9.22 8.10

-3.46

20.00

4.21

10

-5

0

5

10

15

20

25

30

35

201920182017201620152014*2013201220112010

%

Series 5 Series 6

15.16 15.77

32.39

-2 652.65

5.37

9 229.22 8.108 10

-3.46-3.46

20.00

4 214.21








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – AMERICAN EQUITY VALUE – DESJARDINS

152



Fee Option E
























DFS GIF – AMERICAN EQUITY VALUE – DESJARDINS



DFS GIF – GLOBAL DIVIDEND – DESJARDINSFinancial Information as at December 31, 2019







Portfolio Sub-Advisor: Epoch Investment Partners, Inc.



What does this Fund invest in?This Fund invests in the Desjardins Global Dividend Fund. The underlying fund invests in equity securities worldwide.


AXA 1.8%

Allianz 1.8%

Verizon Communications 1.7%

Dominion Resources 1.6%

Duke Energy Corporation 1.5%

Total 1.5%

Las Vegas Sands 1.5%

FirstEnergy 1.5%

Snam 1.5%

Pfizer 1.4%

TOTAL 15.8%



DSF FPG – Mondial de dividendes - DesjardinsDFS GIF – Global Dividend - Desjardins

54.2% United States10.8% United Kingdom

OthersFranceGermanyCanada

3.6% Italy2.8% Switzerland2.6% Cash / Money Market

8.5%6.5%6.0%5.0%

54.2% United States10.8% United Kingdom

OthersFranceGermanyCanada

3.6% Italy2.8% Switzerland2.6% Cash / Money Market

8.5%6.5%6.0%5.0%




Year-by-year returns

This chart shows how the Fund has performed in each of the past 8 years for a Contract Owner who chose the Guarantee 75/75 (from 2012 to 2013) or Helios2 – 75/75. Since September 24, 2012, the Fund went up in value 7 years and down in value 1 year of the 8.

-10

-5

0

5

10

15

20

25

30

35

201920182017201620152014*20132012*

%

Series 5 Series 6

29.31

0.17

10.64

2.06

8.166.93

-3.83

12.58

-10

-5

0

5

10

15

20

25

30

35

201920182017201620152014*20132012*

%

Series 5 Series 6

29.3129.31

0.17

10.64

2.06

8.168 166.93

-3.83-3 83

12.5812 58


154






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GLOBAL DIVIDEND – DESJARDINS




Fee Option E
























DFS GIF – GLOBAL DIVIDEND – DESJARDINS

156


DFS GIF – GLOBAL EQUITY – DESJARDINSFinancial Information as at December 31, 2019


Total Value (000’s): Series 6: 157 | Series 8: 158





Portfolio Sub-Advisor: Lazard Asset Management LLC



What does this Fund invest in?This Fund invests in the Desjardins Global Equity Fund. The underlying fund invests primarily in equity and equity-related securities of companies located throughout the world, including emerging markets.



Thermo Fisher Scientific 3.1%

Alphabet 3.0%

Zoetis 2.7%

Aon 2.6%

Wolters Kluwer 2.5%

Unilever 2.5%

Coca-Cola Consolidated 2.5%

Iqvia Holdings 2.5%

Visa 2.2%

TOTAL 27.1%



DSF FPG – Actions mondiales - DesjardinsDFS GIF – Global Equity - Desjardins

18.5% Information Technology16.7% Industrials16.5% Financials15.0% Health Care14.1% Consumer Staples8.3% Consumer Discretionary5.7% Communication Services3.0% Cash / Money Market2.1% Materials0.1% Real Estate

18.5% Information Technology16.7% Industrials16.5% Financials15.0% Health Care14.1% Consumer Staples8.3% Consumer Discretionary5.7% Communication Services3.0% Cash / Money Market2.1% Materials0.1% Real Estate




Year-by-year returnsThis chart shows how the Fund has performed in the past year for a Contract Owner who chose Helios2 – 75/75. Since October 7, 2019, the Fund went up in value 1 year and down in value 0 year of the 1.

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

2019*

%

Series 6

3.20

0

.5

0

.5

0

.5

0

.5

2019*

%

Series 6

3.20








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GLOBAL EQUITY – DESJARDINS

158



Fee Option E
























DFS GIF – GLOBAL EQUITY – DESJARDINS



DFS GIF – GLOBAL EQUITY – MFSFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the MFS Global Research Fund. The underlying fund invests primarily in equity from American, European and Asian companies.



Alphabet 2.3%

Amazon.com 2.2%

Salesforce.com 1.6%

Facebook 1.6%

MasterCard 1.5%

Fiserv 1.5%

Aon 1.4%

Roche Holding AG 1.4%

Honeywell International 1.3%

TOTAL 18.0%



DSF FPG – Actions mondiales MFSDFS GIF – Global Equity - MFS

62.1% North America19.8% Europe (ex. United Kingdom)

Emerging CountriesJapanPacific Basin (ex. Japan)United Kingdom


7.7%4.3%2.8%2.3%

62.1% North America19.8% Europe (ex. United Kingdom)

Emerging CountriesJapanPacific Basin (ex. Japan)United Kingdom


7.7%4.3%2.8%2.3%





-20

-15

-10

-5

0

5

10

15

20

25

30

35

201920182017201620152014*2013201220112010

%

Series 5 Series 6

15.50

5.61

29.99

4.12

0.13

-14.44

-0.43

14.78

-3.30

23.00

20

-15

-10

-5

0

5

10

15

20

25

30

35

201920182017201620152014*2013201220112010

%

Series 5 Series 6

15.50

5.61

29.99

4.12

0.13

-14.44

-0.43

14.78

-3.303 30

23.0023 00


160






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – GLOBAL EQUITY – MFS




Fee Option E
























DFS GIF – GLOBAL EQUITY – MFS

162


DFS GIF – INTERNATIONAL EQUITY – MFSFinancial Information as at December 31, 2019









What does this Fund invest in?This Fund invests in the MFS International Equity Fund II. The underlying fund invests primarily in equity from large European and Far Eastern companies.


Nestlé SA 3.9%

Roche Holding AG 3.2%

Schneider Electric 2.9%

AIA Group 2.8%

Hoya Corporation 2.7%

Air Liquide 2.7%

SAP SE 2.6%

Amadeus IT Group 2.2%

LVMH Moët Hennessy - Louis Vuitton 2.1%

Beiersdorf AG 2.0%

TOTAL 27.1%



DSF FPG – Actions internationales - MFSDFS GIF – International Equity - MFS

55.2% Europe (ex. United Kingdom)14.5% Japan13.1% United Kingdom6.2% Emerging Countries4.7% North America3.9% Pacific Basin (ex. Japan)1.2% Cash / Money Market1.1% Developed – Middle East /

Africa

55.2% Europe (ex. United Kingdom)14.5% Japan13.1% United Kingdom6.2% Emerging Countries4.7% North America3.9% Pacific Basin (ex. Japan)1.2% Cash / Money Market1.1% Developed – Middle East /

Africa





-20

-15

-10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

12.16

-3.06-4.73

-14.95

-5.19

17.39

-4.03

18.72 19.04

22.89

20

-15

-10

-5

0

5

10

15

20

25

201920182017201620152014*2013201220112010

%

Series 5 Series 6

12.16

3 06-3.06-4.73

-14.95

-5.19

17.39

-4.034 03

18.7218.72 19 0419.04

22.8922 89








Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – INTERNATIONAL EQUITY – MFS

164



Fee Option E
























DFS GIF – INTERNATIONAL EQUITY – MFS



DFS GIF – INTERNATIONAL EQUITY GROWTH – DESJARDINSFinancial Information as at December 31, 2019







Portfolio Sub-Advisor: Baillie Gifford Overseas Limited



What does this Fund invest in?This Fund invests in the Desjardins Overseas Equity Growth Fund. The underlying fund invests primarily in large cap corporations outside of North America.


ASML Holding 7.1%

Alibaba Group Holding 4.7%

Tencent Holdings 4.7%

AIA Group 3.9%

Ferrari 3.9%

Kering 3.8%

M3 3.6%

Softbank Corporation 3.4%

Zalando 3.1%

Inditex 3.0%

TOTAL 41.2%



DSF FPG – Actions internationales croissance - DesjardinsDFS GIF – International Equity Growth - Desjardins

14.7 % Japan14.6 % China (ex. Hong Kong)12.1 % Netherlands11.1 % United States9.7 % Germany6.5 % France4.8 % Hong Kong4.7 % Others4.7 % Sweden3.8 % Spain3.4 % Denmark3.2 % United Kingdom2.6 % Belgium2.1 % Luxembourg2.0 % Cash / Money Market

14.7 % Japan14.6 % China (ex. Hong Kong)12.1 % Netherlands11.1 % United States9.7 % Germany6.5 % France4.8 % Hong Kong4.7 % Others4.7 % Sweden3.8 % Spain3.4 % Denmark3.2 % United Kingdom2.6 % Belgium2.1 % Luxembourg2.0 % Cash / Money Market





-15

-10

-5

0

5

10

15

20

25

30

35

40

201920182017201620152014*20132012*

%

Series 5 Series 6

5.15

-5.32

-9.47

33.71

25.99

13.44

35.13

-2.94

-15

-10

-5

0

5

10

15

20

25

30

35

40

201920182017201620152014*20132012*

%

Series 5 Series 6

5.15

-5.32

-9.47

33 7133.71

25.99

13.4413 44

35.13

-2.94-2 94


166






Sales Charges


No Load

Fee Option A




Fee Option B

If you sell within:








Fee Option C

If you sell within:








Fee Option D





DFS GIF – INTERNATIONAL EQUITY GROWTH – DESJARDINS




Fee Option E



















Short Term Trading Fees Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of 2% of the transaction amount, in addition to any applicable charges.




• If you choose Helios2 – 75/100 i or Helios2 – 100/100 i, you will have to pay both the MER and the additional guarantee fee.

DFS GIF – INTERNATIONAL EQUITY GROWTH – DESJARDINS

168 MANAGEMENT FEES, MANAGEMENT EXPENSE RATIOS AND GUARANTEE FEES

All figures are presented on an annual basis and include any fees and expenses charged by the underlying funds where applicable.

Fund namesSeries 6 – MER

Series 6 – Management

FeeSeries 8 – MER


Fee

Current Helios2 – 75/75 Fee (included in the MER)

Current Helios2 – 75/100 i

additional guarantee

fee

Current Helios2 – 100/100 i additional guarantee

fee

INVESTMENT SOLUTIONS

DFS GIF – Conservative 2.25% 1.75% 1.88% 1.45% 0.05% 0.30% 0.65%

DFS GIF – Moderate 2.29% 1.80% 1.95% 1.50% 0.05% 0.35% 0.70%

DFS GIF – Balanced 2.34% 1.80% 2.00% 1.50% 0.10% 0.50% 0.85%

DFS GIF – Growth 2.37% 1.85% 2.03% 1.55% 0.10% 0.50% 1.05%

DFS GIF – Maximum Growth 2.45% 1.85% 2.13% 1.55% 0.15% 0.50% 1.35%

RESPONSIBLE INVESTMENT PORTFOLIOS

DFS GIF – Conservative – Desjardins SocieTerra 2.33% 1.80% 1.96% 1.50% 0.05% 0.30% 0.90%

DFS GIF – Moderate – Desjardins SocieTerra 2.41% 1.80% 2.07% 1.50% 0.10% 0.40% 0.90%

DFS GIF – Balanced – Desjardins SocieTerra 2.38% 1.85% 2.05% 1.55% 0.10% 0.45% 0.95%

DFS GIF – Growth – Desjardins SocieTerra 2.49% 1.90% 2.09% 1.60% 0.10% 0.50% 1.15%

DFS GIF – Maximum Growth – Desjardins SocieTerra 2.62% 1.95% 2.30% 1.65% 0.15% 0.55% 1.35%

DFS GIF – 100% Equity – Desjardins SocieTerra 2.76% 2.00% 2.41% 1.70% 0.20% 0.60% 1.35%

Management Fees, Management Expense Ratios and Guarantee Fees




FeeSeries 8 – MER


Fee




fee


fee

WISE ETF PORTFOLIOS

DFS GIF – Fixed Income – Desjardins Wise ETF 1.72% 1.25% 1.38% 0.95% 0.05% 0.25% 0.50%

DFS GIF – Conservative – Desjardins Wise ETF 2.30% 1.75% 1.95% 1.45% 0.05% 0.30% 0.65%

DFS GIF – Balanced – Desjardins Wise ETF 2.36% 1.75% 2.01% 1.45% 0.10% 0.50% 0.85%

DFS GIF – Growth – Desjardins Wise ETF 2.41% 1.80% 2.07% 1.50% 0.10% 0.50% 1.15%

DFS GIF – Maximum Growth – Desjardins Wise ETF 2.47% 1.80% 2.13% 1.50% 0.15% 0.55% 1.35%

DFS GIF – 100% Equity – Desjardins Wise ETF 2.53% 1.80% 2.18% 1.50% 0.20% 0.55% 1.35%

170 MANAGEMENT FEES, MANAGEMENT EXPENSE RATIOS AND GUARANTEE FEES



FeeSeries 8 – MER


Fee




fee


fee

INDIVIDUAL FUNDS

Income

DFS GIF – Money Market 1.07% 0.75% 0.73% 0.45% 0.00% 0.15% 0.30%

DFS GIF – Canadian Bond 1.69% 1.25% 1.36% 0.95% 0.05% 0.20% 0.45%

DFS GIF – Global Tactical Bond – Desjardins 2.13% 1.55% 1.78% 1.25% 0.10% 0.45% 0.95%

Balanced and Asset Allocation

DFS GIF – Diversified Income – Franklin Quotential 2.67% 2.15% 2.32% 1.85% 0.05% 0.45% N/A

DFS GIF – Balanced Income – Franklin Quotential 2.69% 2.10% 2.33% 1.80% 0.10% 0.45% N/A

DFS GIF – Canadian Balanced – Fidelity 2.70% 2.10% 2.36% 1.80% 0.10% 0.50% N/A

DFS GIF – U.S. Monthly Income – Fidelity 2.73% 2.15% 2.39% 1.85% 0.10% 0.50% 1.05%

DFS GIF – Global Balanced – Jarislowsky Fraser 2.51% 1.95% 2.17% 1.65% 0.10% 0.45% 1.05%

DFS GIF – Canadian Balanced – Fiera Capital 2.40% 1.85% 2.08% 1.55% 0.10% 0.45% 1.15%

DFS GIF – Balanced Growth – Franklin Quotential 2.73% 2.10% 2.37% 1.80% 0.15% 0.45% N/A

DFS GIF – Canadian Balanced – CI Signature 2.69% 2.05% 2.34% 1.75% 0.15% 0.50% 1.15%

DFS GIF – Income and Growth – CI Signature 2.73% 2.05% 2.40% 1.75% 0.20% 0.50% 1.35%

DFS GIF – Growth and Income – NEI 2.73% 2.10% 2.41% 1.80% 0.15% 0.50% 1.35%

DFS GIF – Growth – NEI Select 2.88% 2.20% 2.57% 1.90% 0.20% 0.55% 1.35%

DFS GIF – Asset Allocation – Cambridge 2.59% 1.95% 2.26% 1.65% 0.20% 0.50% 1.35%

DFS GIF – Growth – Franklin Quotential 2.84% 2.15% 2.50% 1.85% 0.20% 0.50% N/A




FeeSeries 8 – MER


Fee




fee


fee

INDIVIDUAL FUNDS (continued)

Canadian Equity

DFS GIF – Dividend Income – Desjardins 2.39% 1.85% 2.09% 1.55% 0.10% 0.50% 1.35%

DFS GIF – Canadian Dividend – NEI 2.71% 2.00% 2.39% 1.70% 0.20% 0.50% 1.35%

DFS GIF – Canadian Equity – Desjardins 2.59% 1.80% 2.24% 1.50% 0.25% 0.60% 1.35%

DFS GIF – Canadian Equity – Jarislowsky Fraser 2.68% 1.95% 2.33% 1.65% 0.25% 0.65% 1.35%

DFS GIF – Canadian Equity – Fidelity True North® 2.93% 2.15% 2.61% 1.85% 0.25% 0.65% 1.35%

DFS GIF – Canadian Equity – Franklin Bissett 2.75% 2.05% 2.44% 1.75% 0.25% 0.60% 1.35%

DFS GIF – Canadian Small Cap Equity – NEI 3.03% 2.25% 2.72% 1.95% 0.25% 0.60% N/A

DFS GIF – Small Cap – Franklin Bissett 3.12% 2.35% 2.77% 2.05% 0.25% 0.60% N/A

Foreign Equity

DFS GIF – American Equity – MFS 2.68% 1.95% 2.35% 1.65% 0.25% 0.55% 1.35%

DFS GIF – American Equity Value – Desjardins 2.68% 1.95% 2.37% 1.65% 0.25% 0.60% 1.35%

DFS GIF – Global Dividend – Desjardins 2.73% 2.05% 2.39% 1.75% 0.20% 0.55% 1.35%

DFS GIF – Global Equity – Desjardins 2.70% 1.95% 2.36% 1.65% 0.20% 0.55% 1.35%

DFS GIF – Global Equity – MFS 2.67% 2.00% 2.35% 1.70% 0.20% 0.60% 1.35%

DFS GIF – International Equity – MFS 2.97% 2.20% 2.65% 1.90% 0.25% 0.60% 1.35%

DFS GIF – International Equity Growth – Desjardins 2.78% 2.05% 2.46% 1.75% 0.25% 0.60% 1.35%

® Fidelity True North is a registered trademark of FMR Corp.

1318

8E0

1 (2

020

-11)

This document is printed on Rolland Enviro paper.

100%

The Contract and Information Folder and the Funds Facts document contain important information on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2 and the DFS Guaranteed Investment Funds. The Contract and Information Folder also contains a glossary of defined terms. Please read these documents carefully before investing.

DFS Guaranteed Investment Funds are established by Desjardins Financial Security Life Assurance Company.

Helios2 and DFS Guaranteed Investment Funds are registered trademarks of Desjardins Financial Security Life Assurance Company. Desjardins is a trademark of the Fédération des caisses Desjardins du Québec, used under licence.

Desjardins: A name you can count on!Desjardins Group is the leading cooperative financial group in Canada and one of the country’s best capitalized financial institutions.

Desjardins Group enjoys credit ratings comparable to those of several major Canadian and international banks and is recognized as one of the most stable financial institutions in the world.

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https://www.desjardinslifeinsurance.com

december 31, 2019...200 king street west, suite 1500 toronto, ontario, m5h 3t4 dfs gif – canadian...

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