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EMPIRE LIFE GUARANTEED INVESTMENT FUNDS
FUND PROFILES
Table of ContentsEmpire Life Money Market GIF ................................................................................................. 1
Empire Life Bond GIF ..................................................................................................................2
Empire Life Income GIF .............................................................................................................3
Empire Life Balanced GIF...........................................................................................................4
Empire Life Monthly Income GIF ............................................................................................5
Empire Life Asset Allocation GIF ..............................................................................................6
Empire Life Dividend Balanced GIF ........................................................................................7
Empire Life Elite Balanced GIF ................................................................................................ 8
Empire Life Global Balanced GIF .............................................................................................9
Empire Life Dividend Growth GIF..........................................................................................10
Empire Life Canadian Equity GIF ........................................................................................... 11
Empire Life Elite Equity GIF .....................................................................................................12
Empire Life Small Cap Equity GIF ..........................................................................................13
Empire Life American Value GIF ............................................................................................14
Empire Life International Equity GIF .................................................................................... 15
Empire Life Global Equity GIF .................................................................................................16
Empire Life Emblem Diversified Income Portfolio GIF ...................................................17
Empire Life Emblem Conservative Portfolio GIF ..............................................................18
Empire Life Emblem Balanced Portfolio GIF ......................................................................19
Empire Life Emblem Moderate Growth Portfolio GIF ....................................................20
Empire Life Emblem Growth Portfolio GIF .........................................................................21
Empire Life Emblem Aggressive Growth Portfolio GIF .................................................. 22
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EMPIRE LIFE MONEY MARKET GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking income by investing primarily in Canadian money marketsecurities
FUND FACTSAsset Class Money Market
Size (Mill) $81.28
Inception February 1989
MER (2016) 0.87 %
Total Holdings 25
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCash 64.9 %
Bond 35.1 %
GROWTH OF $10,000
$10,407$10,407$10,407$10,407
$10,000
$10,100
$10,200
$10,300
$10,400
$10,500
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADIAN TREASURY BILL 31MAY18 TB 8.5 %
CANADA HOUSING TR NO 1 2.35% 15DEC18 6.1 %
ROYAL BANK OF CANADA FRN 30NOV18 6.1 %
PROV OF BC 11APR18 PN 6.1 %
TD BANK 16MAY18 BDN 6.0 %
CONCENTRA BANK 15MAY18 BDN 6.0 %
CANADA GOVERNMENT OF 10JAN 6.0 %
MANULIFE BK CDA 22MAY18 BDN 4.8 %
VANCOUVER CITY SAVINGS FRN 11OCT18 4.8 %
SNC-LAVALIN GROUP INC FRN 04MAR19 3.6 %
Total of Top 10 58.0 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
0.05 0.12 0.12 0.09 0.06 0.14 0.40 3.02
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
-0.03 0.31 0.36 0.16 0.28 0.03 0.16 -0.04
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11510 ECF12510 ECF13510 ECF14510 N/AFront End Load ECF11010 ECF12010 ECF13010 ECF14010 N/ALow Load ECF11210 ECF12210 ECF13210 ECF14210 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14710Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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Document Timestamp: 2018-04-03 12:17:22 PMTemplate: empire_base_p1_9x12 · Page: 1
EMPIRE LIFE BOND GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Geoff Johnston, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking income by investing primarily in Canadian investment gradefixed income securities
FUND FACTSAsset Class Canadian Fixed Income
Size (Mill) $454.04
Inception December 1987
MER (2016) 2.29 %
Total Holdings 131
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 98.7 %
Cash 1.3 %
BOND TYPECorporate 64.4 %
Provincial 24.6 %
Government 8.7 %
Municipal 1.7 %
International Corporate 0.6 %
GROWTH OF $10,000
$12,717$12,717$12,717$12,717
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
$12,500
$13,000
$13,500
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADA HOUSING TRUST 1.25% 15DEC20 4.2 %
CANADA HOUSING TRUST 2.4% 15DEC22 2.3 %
PROVINCE OF ONTARIO CANADA 2.8%02JUN48
2.3 %
PROVINCE OF QUEBEC CANADA 3.5%01DEC45
2.1 %
SCOTIABANK CAP 5.65% 31DEC56 2.0 %
NOVA SCOTIA PROVINCE CDA NON-CALLDEBENT
1.9 %
CANADIAN GOVERNMENT BOND 2.75%01DEC48
1.8 %
PROV NEW BRUNSWICK CANADA 3.1%14AUG48
1.8 %
PROVINCE OF MANITOBA 3.4% 05SEP48 1.6 %
PROVINCE OF ONTARIO CDA 2.9%02DEC46
1.5 %
Total of Top 10 21.5 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
0.39 -0.56 -0.56 -0.38 -0.24 1.29 2.43 5.19
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
2.48 5.51 2.58 -2.17 6.62 1.38 0.76 1.16
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11520 ECF12520 ECF13520 ECF14520 N/AFront End Load ECF11020 ECF12020 ECF13020 ECF14020 N/ALow Load ECF11220 ECF12220 ECF13220 ECF14220 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14720Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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Document Timestamp: 2018-04-03 12:22:52 PMTemplate: empire_base_p1_9x12 · Page: 1
EMPIRE LIFE INCOME GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing in a strategic mix ofprimarily Canadian equity and fixed income securities.
FUND FACTSAsset Class Canadian Balanced
Size (Mill) $421.24
Inception January 2002
MER (2016) 2.28 %
Total Holdings 274
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 60.3 %
Canadian Equity 20.9 %
US Equity 11.5 %
International Equity 5.1 %
Cash 2.3 %
GROWTH OF $10,000
$14,205$14,205$14,205$14,205
$8,000
$10,000
$12,000
$14,000
$16,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSPROVINCE OF ONTARIO CANADA 2.8%02JUN48
2.1 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 1.7 %
CANADIAN GOVERNMENT BOND 1.25%01NOV19
1.6 %
PROVINCE OF ONTARIO CDA 2.9%02DEC46
1.4 %
SCOTIABANK CAP 5.65% 31DEC56 1.4 %
BANK OF NOVA SCOTIA CAD 1.4 %
CANADA HOUSING TRUST 2.4% 15DEC22 1.4 %
BANK OF MONTREAL (I/L) 1.4 %
ROYAL BANK OF CANADA 1.3 %
TORONTO-DOMINION BK (I/L) 1.3 %
Total of Top 10 15.0 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.03 -1.36 -1.36 0.55 1.10 2.83 3.57 3.84
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
6.25 3.67 3.41 2.79 6.66 0.37 3.90 3.38
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11525 ECF12525 ECF13525 ECF14525 N/AFront End Load ECF11025 ECF12025 ECF13025 ECF14025 N/ALow Load ECF11225 ECF12225 ECF13225 ECF14225 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14725Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE BALANCED GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing in a strategic mix ofprimarily Canadian equity and fixed income securities.
FUND FACTSAsset Class Canadian Balanced
Size (Mill) $534.34
Inception February 1989
MER (2016) 2.67 %
Total Holdings 263
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 44.5 %
Canadian Equity 29.3 %
US Equity 15.7 %
International Equity 7.2 %
Cash 3.3 %
GROWTH OF $10,000
$12,756$12,756$12,756$12,756
$6,000
$8,000
$10,000
$12,000
$14,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADIAN GOVERNMENT BOND 1.25%01NOV19
2.4 %
CANADIAN GOVERNMENT 0.75% 01SEP20 2.0 %
BANK OF NOVA SCOTIA CAD 1.9 %
BANK OF MONTREAL (I/L) 1.9 %
ROYAL BANK OF CANADA 1.9 %
TORONTO-DOMINION BK (I/L) 1.8 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 1.7 %
PROVINCE OF ONTARIO CANADA 2.8%02JUN48
1.4 %
CGI GRP INC 1.4 %
BROOKFIELD ASSET MANAGEMENT INC CLA
1.3 %
Total of Top 10 17.7 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.20 -1.81 -1.81 0.28 1.26 3.75 2.46 5.68
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
4.23 1.41 3.82 8.85 6.42 0.12 4.49 3.59
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11535 ECF12535 ECF13535 ECF14535 N/AFront End Load ECF11035 ECF12035 ECF13035 ECF14035 N/ALow Load ECF11235 ECF12235 ECF13235 ECF14235 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14735Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE MONTHLY INCOME GIF
Class L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Jennifer Law, CFAGeoff Johnston, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in Canadian equityand fixed income securities.
FUND FACTSAsset Class Canadian Balanced
Size (Mill) $13.56
Inception April 2015
MER 2.24 %
Total Holdings 186
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 37.0 %
Canadian Equity 35.6 %
Cash 12.1 %
US Equity 8.7 %
International Equity 5.9 %
Other 0.6 %
SECTOR MIXFinancials 35.3 %
Energy 17.6 %
Industrials 12.9 %
Consumer Discretionary 10.2 %
Consumer Staples 6.4 %
Materials 5.0 %
Information Technology 3.8 %
Health Care 3.2 %
Utilities 2.9 %
Real Estate 1.4 %
Telecommunication Services 1.3 %
GROWTH OF $10,000
$10,524$10,524$10,524$10,524
$9,400
$9,600
$9,800
$10,000
$10,200
$10,400
$10,600
$10,800
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSROYAL BK OF CANADA 1.2% 02APR18 TD 12.2 %
TORONTO-DOMINION BK (I/L) 3.3 %
ROYAL BANK OF CANADA 2.5 %
BANK OF NOVA SCOTIA CAD 2.4 %
CANADIAN GOVERNMENT BOND 1.25%01NOV19
1.9 %
SUN LIFE FINANCIAL INC. 1.6 %
PROVINCE OF ONTARIO CANADA 2.8%02JUN48
1.3 %
CANADIAN GOVERNMENT BOND 1%01JUN27
1.3 %
SUMITOMO MITSUI FINANCIAL GROUP INC 1.1 %
PNC FINANCIAL SERVICES GROUP INC/THE 1.0 %
Total of Top 10 28.6 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.43 -2.23 -2.23 0.65 1.75
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
6.71 4.33
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11548 ECF12548 ECF13548 ECF14548 N/AFront End Load ECF11048 ECF12048 ECF13048 ECF14048 N/ALow Load ECF11248 ECF12248 ECF13248 ECF14248 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14748Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE ASSET ALLOCATION GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Ian Hardacre, MBA, CFADoug Cooper, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing in a tactical mix of primarilyCanadian equity and fixed income securities, with a target equity allocation of65%
FUND FACTSAsset Class Canadian Balanced
Size (Mill) $1,198.16
Inception May 1994
MER (2016) 2.66 %
Total Holdings 223
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 36.4 %
US Equity 20.1 %
Cash 19.4 %
Bond 12.8 %
International Equity 11.2 %
GROWTH OF $10,000
$14,067$14,067$14,067$14,067
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADA GOVERNMENT OF 14JUN 2.5 %
TORONTO-DOMINION BK (I/L) 2.1 %
BANK OF NOVA SCOTIA CAD 2.0 %
BROOKFIELD ASSET MANAGEMENT INC CLA
2.0 %
ROYAL BANK OF CANADA 1.9 %
CANADIAN IMPL BK OF COMM (I/L) 1.9 %
ALIMENTATION COUCHE-TARD CLB 1.7 %
CANADIAN TREAS BILL 05APR18 TBILL 1.7 %
HSBC BANK CANADA 04APR18 BA 1.7 %
PROVINCE OF ONTARIO 11APR18 TBILL 1.7 %
Total of Top 10 19.2 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.09 -1.83 -1.83 1.80 3.04 7.41 3.47 5.37
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
7.29 -1.92 3.37 16.58 11.42 7.64 2.61 5.91
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11540 ECF12540 ECF13540 ECF14540 N/AFront End Load ECF11040 ECF12040 ECF13040 ECF14040 N/ALow Load ECF11240 ECF12240 ECF13240 ECF14240 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14740Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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Document Timestamp: 2018-04-03 12:18:43 PMTemplate: empire_base_p1_9x12 · Page: 1
EMPIRE LIFE DIVIDEND BALANCED GIF
Class G Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in equity and fixedincome investment funds, with a target equity allocation of 80%
FUND FACTSAsset Class Canadian Balanced
Size (Mill) $688.26
Inception July 2010
MER (2016) 2.65 %
Total Holdings 182
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 55.8 %
Bond 19.8 %
US Equity 13.3 %
International Equity 8.8 %
Cash 2.3 %
UNDERLYING FUNDSCanadian Equity Funds weight (%)Empire Life Dividend Growth Fund 79.0 %
Foreign Equity Funds— 0.0 %
Bond FundsEmpire Life Bond Fund 20.0 %
GROWTH OF $10,000
$15,075$15,075$15,075$15,075
$10,000
$12,000
$14,000
$16,000
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSTORONTO-DOMINION BK (I/L) 4.6 %
ROYAL BANK OF CANADA 4.3 %
BANK OF NOVA SCOTIA CAD 3.9 %
ALIMENTATION COUCHE-TARD CLB 2.8 %
NUTRIEN LTD 2.7 %
BROOKFIELD ASSET MANAGEMENT INC CLA
2.6 %
KEYERA CORP 2.4 %
SHAW COMMUNICATION INC CLASS B 2.4 %
PARKLAND FUEL CORP 2.4 %
CHEMTRADE LOGISTICS INCOME FUNDUNITS
2.4 %
Total of Top 10 30.5 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.83 -5.72 -5.72 -2.12 2.38 5.34 5.46
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
-0.47 4.34 14.52 6.83 -1.94 13.20 4.73
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11546 ECF12546 ECF13546 ECF14546 N/AFront End Load ECF11046 ECF12046 ECF13046 ECF14046 N/ALow Load ECF11246 ECF12246 ECF13246 ECF14246 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14746Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE ELITE BALANCED GIF
Class G Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in equity and fixedincome investment funds, with a target equity allocation of 80%
FUND FACTSAsset Class Canadian Balanced
Size (Mill) $404.23
Inception July 2010
MER (2016) 2.67 %
Total Holdings 290
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 41.4 %
US Equity 22.2 %
Bond 18.4 %
International Equity 10.4 %
Cash 7.6 %
UNDERLYING FUNDSCanadian Equity Funds weight (%)Empire Life Elite Equity Fund 80.5 %
Foreign Equity Funds— 0.0 %
Bond FundsEmpire Life Bond Fund 18.7 %
GROWTH OF $10,000
$16,294$16,294$16,294$16,294
$10,000
$12,000
$14,000
$16,000
$18,000
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSBANK OF NOVA SCOTIA CAD 2.7 %
BANK OF MONTREAL (I/L) 2.7 %
ROYAL BANK OF CANADA 2.6 %
TORONTO-DOMINION BK (I/L) 2.5 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 2.0 %
CGI GRP INC 1.9 %
BROOKFIELD ASSET MANAGEMENT INC CLA
1.9 %
TOROMONT INDS LTD 1.8 %
ALIMENTATION COUCHE-TARD CLB 1.6 %
PROV OF ONTARIO 09JAN19 TBILL 1.6 %
Total of Top 10 21.3 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.44 -2.15 -2.15 0.98 3.00 7.38 6.53
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
-3.59 5.03 17.58 10.27 2.95 8.34 5.02
FUND CODES Class R Class SDeferred Sales Charge ECF14551 N/AFront End Load ECF14051 N/ALow Load ECF14251 N/ANo Load N/A N/AFee For Service N/A ECF14751Maturity/Death Benefit (%) 75/75 75/75
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Document Timestamp: 2018-04-03 12:20:53 PMTemplate: empire_base_p1_9x12 · Page: 1
EMPIRE LIFE GLOBAL BALANCED GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing in a strategic mix ofprimarily global equity and fixed income securities, with a target equityallocation of 70%
FUND FACTSAsset Class Global Balanced
Size (Mill) $237.69
Inception June 2003
MER (2016) 2.96 %
Total Holdings 139
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 26.4 %
US Equity 25.4 %
International Equity 23.8 %
Canadian Equity 21.8 %
Cash 2.6 %
GROWTH OF $10,000
$11,755$11,755$11,755$11,755
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSUS TREAS NOTE/BOND 1.375% 31AUG20 2.1 %
ENBRIDGE INC 18APR18 DN 2.1 %
ROYAL BANK OF CANADA 1.8 %
TORONTO-DOMINION BK (I/L) 1.8 %
UNITED STATES TREAS NOTE 1.75%31DEC20
1.6 %
US TREASURY NOTE/BOND 1.375% 30APR21 1.5 %
BANK OF NOVA SCOTIA CAD 1.5 %
BRITISH COLUMBIA PROV 0.875% 08OCT25 1.3 %
PROVINCE OF ONTARIO 2.45% 29JUN22 1.3 %
CANADA HOUSING TR NO 1 2.9% 15JUN24 1.3 %
Total of Top 10 16.3 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.30 -0.29 -0.29 4.07 2.75 6.58 1.63 1.54
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
-1.57 -1.13 4.04 15.92 7.81 6.32 1.74 6.36
FUND CODES Class R Class SDeferred Sales Charge ECF14530 N/AFront End Load ECF14030 N/ALow Load ECF14230 N/ANo Load N/A N/AFee For Service N/A ECF14730Maturity/Death Benefit (%) 75/75 75/75
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Document Timestamp: 2018-04-03 12:19:05 PMTemplate: empire_base_p1_9x12 · Page: 1
EMPIRE LIFE DIVIDEND GROWTH GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Ian Hardacre, MBA, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in dividend paying Canadianequity securities
FUND FACTSAsset Class Canadian Equity
Size (Mill) $1,058.80
Inception January 1998
MER (2016) 2.68 %
Total Holdings 56
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 70.6 %
US Equity 16.9 %
International Equity 11.1 %
Cash 1.4 %
SECTOR MIXFinancials 26.4 %
Energy 18.2 %
Industrials 14.9 %
Materials 11.0 %
Consumer Discretionary 10.6 %
Consumer Staples 8.0 %
Real Estate 4.8 %
Telecommunication Services 2.3 %
Utilities 2.3 %
Health Care 1.5 %
GROWTH OF $10,000
$14,862$14,862$14,862$14,862
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSTORONTO-DOMINION BK (I/L) 5.8 %
ROYAL BANK OF CANADA 5.4 %
BANK OF NOVA SCOTIA CAD 5.0 %
ALIMENTATION COUCHE-TARD CLB 3.6 %
NUTRIEN LTD 3.4 %
BROOKFIELD ASSET MANAGEMENT INC CLA
3.3 %
KEYERA CORP 3.1 %
SHAW COMMUNICATION INC CLASS B 3.0 %
PARKLAND FUEL CORP 3.0 %
CHEMTRADE LOGISTICS INCOME FUNDUNITS
3.0 %
Total of Top 10 38.6 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-1.14 -7.00 -7.00 -2.64 2.98 6.35 4.04 6.65
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
11.90 -1.85 4.95 18.90 7.08 -2.66 16.40 5.59
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11545 ECF12545 ECF13545Front End Load ECF11045 ECF12045 ECF13045Low Load ECF11245 ECF12245 ECF13245No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE CANADIAN EQUITY GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Ian Hardacre, MBA, CFADoug Cooper, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in Canadian large cap equitysecurities
FUND FACTSAsset Class Canadian Equity
Size (Mill) $269.97
Inception October 2005
MER (2016) 2.70 %
Total Holdings 42
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 82.5 %
US Equity 10.7 %
Cash 5.1 %
International Equity 1.7 %
SECTOR MIXFinancials 31.9 %
Energy 14.1 %
Industrials 13.1 %
Consumer Discretionary 12.4 %
Consumer Staples 12.3 %
Materials 7.5 %
Information Technology 3.8 %
Telecommunication Services 3.2 %
Health Care 1.3 %
Real Estate 0.4 %
GROWTH OF $10,000
$13,667$13,667$13,667$13,667
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSTORONTO-DOMINION BK (I/L) 5.7 %
ROYAL BANK OF CANADA 5.5 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 5.1 %
BANK OF NOVA SCOTIA CAD 5.1 %
BANK OF MONTREAL (I/L) 5.0 %
CGI GRP INC 3.6 %
ALIMENTATION COUCHE-TARD CLB 3.6 %
SHAW COMMUNICATION INC CLASS B 3.5 %
NUTRIEN LTD 3.5 %
BROOKFIELD ASSET MANAGEMENT INC CLA
3.4 %
Total of Top 10 44.0 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.53 -5.95 -5.95 -2.02 2.91 7.34 3.17 3.53
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
12.65 -5.31 2.81 18.37 10.92 -1.40 14.97 5.33
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11547 ECF12547 ECF13547Front End Load ECF11047 ECF12047 ECF13047Low Load ECF11247 ECF12247 ECF13247No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE ELITE EQUITY GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Ian Hardacre, MBA, CFADoug Cooper, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in Canadian large cap equitysecurities
FUND FACTSAsset Class Canadian Equity
Size (Mill) $676.52
Inception December 1969
MER (2016) 2.68 %
Total Holdings 164
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 51.4 %
US Equity 27.6 %
International Equity 12.9 %
Cash 8.1 %
SECTOR MIXFinancials 26.8 %
Industrials 13.1 %
Information Technology 11.9 %
Energy 11.8 %
Consumer Discretionary 9.8 %
Consumer Staples 9.2 %
Materials 5.9 %
Health Care 5.7 %
Telecommunication Services 2.9 %
Real Estate 1.9 %
Utilities 1.0 %
GROWTH OF $10,000
$14,292$14,292$14,292$14,292
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSBANK OF NOVA SCOTIA CAD 3.4 %
BANK OF MONTREAL (I/L) 3.4 %
ROYAL BANK OF CANADA 3.3 %
TORONTO-DOMINION BK (I/L) 3.1 %
CGI GRP INC 2.4 %
BROOKFIELD ASSET MANAGEMENT INC CLA
2.3 %
TOROMONT INDS LTD 2.2 %
ALIMENTATION COUCHE-TARD CLB 2.0 %
PROV OF ONTARIO 09JAN19 TBILL 2.0 %
SHAW COMMUNICATION INC CLASS B 1.9 %
Total of Top 10 26.0 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.63 -2.52 -2.52 1.40 3.81 8.92 3.64 9.55
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
7.10 -5.73 5.85 22.90 11.32 3.43 10.11 6.08
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11550 ECF12550 ECF13550Front End Load ECF11050 ECF12050 ECF13050Low Load ECF11250 ECF12250 ECF13250No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE SMALL CAP GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Jennifer Law, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in Canadian small cap equitysecurities
FUND FACTSAsset Class Canadian Equity
Size (Mill) $189.53
Inception January 1998
MER (2016) 2.69 %
Total Holdings 76
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 81.7 %
US Equity 9.0 %
Cash 6.7 %
International Equity 1.4 %
Other 1.2 %
SECTOR MIXIndustrials 24.2 %
Energy 21.3 %
Materials 15.5 %
Financials 10.5 %
Consumer Staples 7.8 %
Consumer Discretionary 7.7 %
Real Estate 6.5 %
Information Technology 3.5 %
Health Care 1.6 %
Utilities 1.4 %
GROWTH OF $10,000
$11,617$11,617$11,617$11,617
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSROYAL BK OF CANADA 1.2% 02APR18 TD 3.0 %
ENBRIDGE GAS DIST INC 06APR18 DN 2.6 %
TORC OIL & GAS LTD 2.6 %
PARKLAND FUEL CORP 2.5 %
Cineplex Inc. 2.5 %
PEOPLE CORP 2.4 %
BANKUNITED INC 2.4 %
CAE INC 2.3 %
RICHELIEU HARDWARE LIMITED (I/L) 2.3 %
LIQUOR STORES N.A. LTD. 2.1 %
Total of Top 10 24.7 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-1.84 -8.39 -8.39 -6.52 2.20 4.46 1.51 5.99
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
22.23 -16.61 0.09 7.87 3.30 -1.10 14.38 6.52
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11555 ECF12555 ECF13555Front End Load ECF11055 ECF12055 ECF13055Low Load ECF11255 ECF12255 ECF13255No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE AMERICAN VALUE GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Ashley Misquitta, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in U.S. large cap equitysecurities
FUND FACTSAsset Class U.S. Equity
Size (Mill) $386.89
Inception January 2002
MER (2016) 2.70 %
Total Holdings 68
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXUS Equity 91.9 %
Cash 4.7 %
International Equity 2.7 %
Canadian Equity 0.7 %
SECTOR MIXInformation Technology 26.7 %
Health Care 14.7 %
Financials 14.6 %
Industrials 11.5 %
Consumer Discretionary 9.2 %
Consumer Staples 7.1 %
Energy 6.5 %
Real Estate 2.9 %
Materials 2.6 %
Utilities 2.5 %
Telecommunication Services 1.7 %
GROWTH OF $10,000
$20,095$20,095$20,095$20,095
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
$22,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSAPPLE INC 4.2 %
MICRON TECHNOLOGY COM USD0.10 3.8 %
MICROSOFT CORP 3.4 %
CELGENE CORP COM USD0.01 3.3 %
LOWE'S COS INC COM USD0.50 3.0 %
LAM RESEARCH CORP 3.0 %
PNC FINANCIAL SERVICES GROUP INC/THE 2.8 %
STORE CAPITAL CORP 2.7 %
CHUBB LTD 2.7 %
JOHNSON & JOHNSON 2.7 %
Total of Top 10 31.6 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-1.10 2.54 2.54 6.83 6.96 14.25 7.23 3.36
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
0.74 -1.66 10.16 34.51 19.34 13.08 6.01 9.91
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11560 ECF12560 ECF13560Front End Load ECF11060 ECF12060 ECF13060Low Load ECF11260 ECF12260 ECF13260No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE INTERNATIONAL EQUITY GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Amber Sinha, MBA, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in international large cap equitysecurities
FUND FACTSAsset Class Global Equity
Size (Mill) $163.04
Inception June 2003
MER (2016) 3.02 %
Total Holdings 61
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXInternational Equity 97.9 %
Cash 1.6 %
US Equity 0.5 %
SECTOR MIXFinancials 17.6 %
Industrials 15.7 %
Consumer Discretionary 14.6 %
Consumer Staples 11.4 %
Information Technology 11.0 %
Health Care 10.9 %
Materials 5.7 %
Energy 5.4 %
Telecommunication Services 3.6 %
Utilities 2.1 %
Real Estate 2.0 %
GROWTH OF $10,000
$11,032$11,032$11,032$11,032
$4,000
$6,000
$8,000
$10,000
$12,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSMAKITA CORP JPY50 2.3 %
PRADA SPA 2.2 %
KEYENCE CORP 2.1 %
NITORI CO LTD 2.1 %
CSL LIMITED AUD1 2.1 %
BRIT AMER TOBACCO ORD GBP0.25 (WHENISSU
2.1 %
SERIA CO LTD 2.1 %
ASML HOLDING NV 2.1 %
STATOIL ASA NOK2.50 2.1 %
TSURUHA HOLDINGS INC 2.0 %
Total of Top 10 21.2 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.34 4.53 4.53 16.56 5.04 9.62 0.99 2.34
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
-4.32 -16.43 14.48 23.77 2.49 15.94 -8.70 17.88
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11575 ECF12575 ECF13575Front End Load ECF11075 ECF12075 ECF13075Low Load ECF11275 ECF12275 ECF13275No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE GLOBAL EQUITY GIF
Class A Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Amber Sinha, MBA, CFAEmpire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in global large cap equitysecurities
FUND FACTSAsset Class Global Equity
Size (Mill) $127.47
Inception February 1989
MER (2016) 2.67 %
Total Holdings 60
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXInternational Equity 48.6 %
US Equity 48.5 %
Cash 2.8 %
SECTOR MIXFinancials 17.5 %
Information Technology 13.8 %
Consumer Discretionary 13.5 %
Industrials 13.0 %
Health Care 12.5 %
Consumer Staples 9.9 %
Materials 5.6 %
Energy 5.3 %
Utilities 3.6 %
Real Estate 3.3 %
Telecommunication Services 2.0 %
GROWTH OF $10,000
$13,428$13,428$13,428$13,428
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSROYAL BK OF CANADA 1.2% 02APR18 TD 2.5 %
ACCENTURE PLC A-SHARES 2.1 %
VISA INC CL-A SHS 2.1 %
FISERV INC COM 2.1 %
HENRY SCHEIN CORP COM NPV 2.1 %
DOLLAR GENERAL CORP 2.0 %
ADMIRAL GROUP ORD GBP0.001 2.0 %
AIRBUS GROUP NV 2.0 %
PHILIP MORRIS INTERNATIONAL 2.0 %
CONSTELLATION BRANDS INC. CLASS A 2.0 %
Total of Top 10 20.9 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.95 3.15 3.15 13.37 5.92 11.97 2.99 4.79
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
-0.68 -8.83 13.56 31.90 11.27 12.39 -1.56 15.45
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11570 ECF12570 ECF13570Front End Load ECF11070 ECF12070 ECF13070Low Load ECF11270 ECF12270 ECF13270No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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EMPIRE LIFE EMBLEM DIVERSIFIED INCOMEPORTFOLIO GIFClass L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking current income and some growth by investing primarily inequity and fixed income securities, with a target equity allocation of 20%
FUND FACTSAsset Class Portfolio Funds
Size (Mill) $37.58
Inception November 2014
MER 2.30 %
Total Holdings 286
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 70.7 %
Canadian Equity 12.5 %
US Equity 6.9 %
Cash 5.1 %
International Equity 4.9 %
SECTOR MIXFinancials 25.5 %
Industrials 13.6 %
Energy 11.8 %
Consumer Discretionary 11.6 %
Consumer Staples 10.0 %
Information Technology 9.2 %
Materials 6.3 %
Health Care 5.8 %
Telecommunication Services 2.9 %
Real Estate 2.0 %
Utilities 1.3 %
GROWTH OF $10,000
$10,687$10,687$10,687$10,687
$9,800
$10,000
$10,200
$10,400
$10,600
$10,800
$11,000
Jan 2015
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADIAN GOVERNMENT BOND 1.25%01NOV19
4.9 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 2.5 %
PROVINCE OF ONTARIO CANADA 2.8%02JUN48
2.5 %
CANADA HOUSING TRUST 1.25% 15DEC20 2.4 %
TRANSCANADA PIPELINES LTD 13APR18 DN 2.0 %
SCOTIABANK CAP 5.65% 31DEC56 1.7 %
CANADA HOUSING TRUST 2.4% 15DEC22 1.4 %
PROVINCE OF MANITOBA 3.4% 05SEP48 1.3 %
PROVINCE OF ONTARIO CDA 2.9%02DEC46
1.3 %
PROV NEW BRUNSWICK CANADA 3.1%14AUG48
1.2 %
Total of Top 10 21.2 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
0.04 -1.16 -1.16 0.02 0.37 1.97
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
1.88 1.67 2.59
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11579 ECF12579 ECF13579 ECF14579 N/AFront End Load ECF11079 ECF12079 ECF13079 ECF14079 N/ALow Load ECF11279 ECF12279 ECF13279 ECF14279 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14779Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE EMBLEM CONSERVATIVEPORTFOLIO GIFClass L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in equity and fixedincome securities, with a target equity allocation of 35%
FUND FACTSAsset Class Portfolio Funds
Size (Mill) $124.01
Inception November 2014
MER 2.28 %
Total Holdings 274
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 55.7 %
Canadian Equity 21.3 %
US Equity 10.7 %
International Equity 7.7 %
Cash 4.5 %
SECTOR MIXFinancials 25.4 %
Industrials 13.8 %
Energy 12.7 %
Consumer Discretionary 11.5 %
Consumer Staples 9.8 %
Information Technology 8.0 %
Materials 7.0 %
Health Care 5.2 %
Telecommunication Services 2.8 %
Real Estate 2.5 %
Utilities 1.3 %
GROWTH OF $10,000
$10,706$10,706$10,706$10,706
$9,800
$10,000
$10,200
$10,400
$10,600
$10,800
$11,000
Jan 2015
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADIAN GOVERNMENT BOND 1.25%01NOV19
4.1 %
CANADIAN GOVERNMENT 0.75% 01SEP20 3.1 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 2.7 %
TORONTO-DOMINION BK (I/L) 1.6 %
ROYAL BANK OF CANADA 1.5 %
PROVINCE OF ONTARIO CANADA 2.8%02JUN48
1.5 %
CANADIAN GOVERNMENT BON 0.75%01SEP21
1.5 %
CANADA HOUSING TRUST 1.25% 15DEC20 1.4 %
BANK OF NOVA SCOTIA CAD 1.4 %
TRANSCANADA PIPELINES LTD 13APR18 DN 1.4 %
Total of Top 10 20.2 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.14 -1.92 -1.92 -0.04 0.54 2.02
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
1.42 2.35 3.30
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11581 ECF12581 ECF13581 ECF14581 N/AFront End Load ECF11081 ECF12081 ECF13081 ECF14081 N/ALow Load ECF11281 ECF12281 ECF13281 ECF14281 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14781Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE EMBLEM BALANCED PORTFOLIOGIFClass L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in equity and fixedincome securities, with a target equity allocation of 50%
FUND FACTSAsset Class Portfolio Funds
Size (Mill) $189.15
Inception November 2014
MER 2.36 %
Total Holdings 340
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXBond 40.8 %
Canadian Equity 30.8 %
US Equity 13.4 %
International Equity 9.7 %
Cash 5.3 %
Other 0.0 %
SECTOR MIXFinancials 25.5 %
Industrials 14.1 %
Energy 12.9 %
Consumer Discretionary 11.4 %
Consumer Staples 10.0 %
Information Technology 7.7 %
Materials 7.2 %
Health Care 4.9 %
Telecommunication Services 2.7 %
Real Estate 2.4 %
Utilities 1.2 %
GROWTH OF $10,000
$10,978$10,978$10,978$10,978
$9,800
$10,000
$10,200
$10,400
$10,600
$10,800
$11,000
$11,200
$11,400
Jan 2015
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADIAN GOVERNMENT BOND 1.25%01NOV19
3.8 %
ROYAL BK OF CANADA 1.2% 02APR18 TD 2.7 %
TORONTO-DOMINION BK (I/L) 2.2 %
ROYAL BANK OF CANADA 2.1 %
BANK OF NOVA SCOTIA CAD 1.9 %
LAURENTIAN BANK 18APR18 BA 1.3 %
ALIMENTATION COUCHE-TARD CLB 1.3 %
NUTRIEN LTD 1.3 %
BROOKFIELD ASSET MANAGEMENT INC CLA
1.3 %
SHAW COMMUNICATION INC CLASS B 1.2 %
Total of Top 10 19.1 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.28 -2.58 -2.58 0.14 1.19 2.78
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
1.93 4.07 4.28
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11583 ECF12583 ECF13583 ECF14583 N/AFront End Load ECF11083 ECF12083 ECF13083 ECF14083 N/ALow Load ECF11283 ECF12283 ECF13283 ECF14283 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14783Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE EMBLEM MODERATE GROWTHPORTFOLIO GIFClass L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in equity and fixedincome securities, with a target equity allocation of 65%
FUND FACTSAsset Class Portfolio Funds
Size (Mill) $273.03
Inception November 2014
MER 2.41 %
Total Holdings 341
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 42.2 %
Bond 25.6 %
US Equity 15.7 %
International Equity 11.2 %
Cash 5.2 %
Other 0.0 %
SECTOR MIXFinancials 26.2 %
Industrials 14.0 %
Energy 13.1 %
Consumer Discretionary 11.5 %
Consumer Staples 10.3 %
Materials 7.3 %
Information Technology 7.2 %
Health Care 4.4 %
Telecommunication Services 2.8 %
Real Estate 2.1 %
Utilities 1.1 %
GROWTH OF $10,000
$11,276$11,276$11,276$11,276
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
Jan 2015
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADA (GOVT OF) 19APR18 TBILL 3.1 %
TORONTO-DOMINION BK (I/L) 2.9 %
ROYAL BANK OF CANADA 2.8 %
BANK OF NOVA SCOTIA CAD 2.6 %
BANK OF MONTREAL (I/L) 1.8 %
CANADIAN GOVERNMENT BOND 1.25%01NOV19
1.8 %
ALIMENTATION COUCHE-TARD CLB 1.8 %
NUTRIEN LTD 1.7 %
BROOKFIELD ASSET MANAGEMENT INC CLA
1.7 %
SHAW COMMUNICATION INC CLASS B 1.7 %
Total of Top 10 21.9 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.46 -3.19 -3.19 0.03 1.94 3.59
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
1.90 6.78 4.95
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11585 ECF12585 ECF13585 ECF14585 N/AFront End Load ECF11085 ECF12085 ECF13085 ECF14085 N/ALow Load ECF11285 ECF12285 ECF13285 ECF14285 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14785Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE EMBLEM GROWTH PORTFOLIOGIFClass L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth and income by investing primarily in equity and fixedincome securities, with a target equity allocation of 80%
FUND FACTSAsset Class Portfolio Funds
Size (Mill) $210.03
Inception November 2014
MER 2.44 %
Total Holdings 339
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 54.3 %
US Equity 17.2 %
International Equity 12.6 %
Bond 10.2 %
Cash 5.6 %
Other 0.0 %
SECTOR MIXFinancials 27.1 %
Industrials 14.0 %
Energy 13.3 %
Consumer Discretionary 11.6 %
Consumer Staples 10.4 %
Materials 7.4 %
Information Technology 6.4 %
Health Care 3.9 %
Telecommunication Services 2.8 %
Real Estate 2.1 %
Utilities 1.0 %
GROWTH OF $10,000
$11,621$11,621$11,621$11,621
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
$12,500
Jan 2015
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSCANADA (GOVT OF) 19APR18 TBILL 3.9 %
TORONTO-DOMINION BK (I/L) 3.8 %
ROYAL BANK OF CANADA 3.6 %
BANK OF NOVA SCOTIA CAD 3.4 %
BANK OF MONTREAL (I/L) 2.4 %
ALIMENTATION COUCHE-TARD CLB 2.3 %
BROOKFIELD ASSET MANAGEMENT INC CLA
2.2 %
NUTRIEN LTD 2.2 %
SHAW COMMUNICATION INC CLASS B 2.2 %
KEYERA CORP 2.0 %
Total of Top 10 28.0 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.64 -4.09 -4.09 -0.35 2.61 4.51
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
2.13 9.54 5.59
FUND CODES Class K Class L Class M Class R Class SDeferred Sales Charge ECF11587 ECF12587 ECF13587 ECF14587 N/AFront End Load ECF11087 ECF12087 ECF13087 ECF14087 N/ALow Load ECF11287 ECF12287 ECF13287 ECF14287 N/ANo Load N/A N/A N/A N/A N/AFee For Service N/A N/A N/A N/A ECF14787Maturity/Death Benefit (%) 75/75 75/100 100/100 75/75 75/75
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EMPIRE LIFE EMBLEM AGGRESSIVE GROWTHPORTFOLIO GIFClass L Segregated Funds as at March 31, 2018
INVESTMENT MANAGEMENT *
Empire Life Investment Team
WHY INVEST IN THIS FUNDYou are seeking growth by investing primarily in equity securities
FUND FACTSAsset Class Portfolio Funds
Size (Mill) $30.43
Inception November 2014
MER 2.59 %
Total Holdings 234
RISK TOLERANCE
S S S S S
low low to medium medium medium to high high
ASSET MIXCanadian Equity 57.3 %
US Equity 23.0 %
International Equity 14.1 %
Cash 5.6 %
Other 0.1 %
SECTOR MIXFinancials 25.8 %
Industrials 14.2 %
Energy 13.4 %
Consumer Discretionary 11.3 %
Consumer Staples 9.9 %
Materials 7.4 %
Information Technology 7.3 %
Health Care 4.5 %
Telecommunication Services 2.7 %
Real Estate 2.4 %
Utilities 1.1 %
GROWTH OF $10,000
$11,861$11,861$11,861$11,861
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
$12,500
Jan 2015
Jul 2015
Jan 2016
Jul 2016
Jan 2017
Jul 2017
Jan 2018
For Illustration Purposes Only
TOP 10 HOLDINGSROYAL BK OF CANADA 1.2% 02APR18 TD 5.4 %
TORONTO-DOMINION BK (I/L) 4.0 %
ROYAL BANK OF CANADA 3.8 %
BANK OF NOVA SCOTIA CAD 3.5 %
ALIMENTATION COUCHE-TARD CLB 2.4 %
BROOKFIELD ASSET MANAGEMENT INC CLA
2.3 %
NUTRIEN LTD 2.3 %
BANK OF MONTREAL (I/L) 2.3 %
SHAW COMMUNICATION INC CLASS B 2.2 %
KEYERA CORP 2.1 %
Total of Top 10 30.3 %
COMPOUND ANNUAL RETURNS (%)**1 mo 3 mo YTD 1 yr 3 yr 5 yr 10 yr Inception
-0.81 -4.20 -4.20 0.01 3.34 5.13
CALENDAR YEAR RETURNS (%)2010 2011 2012 2013 2014 2015 2016 2017
1.65 11.35 6.44
FUND CODES Class K Class L Class MDeferred Sales Charge ECF11589 ECF12589 ECF13589Front End Load ECF11089 ECF12089 ECF13089Low Load ECF11289 ECF12289 ECF13289No Load N/A N/A N/AFee For Service N/A N/A N/AMaturity/Death Benefit (%) 75/75 75/100 100/100
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www.empire.ca
Empire Life will endeavour to ensure the information presented is accurate and updated, but will not be held liable for inaccuracies. A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. ** Annual Compound Returns: Returns under 1 year are simple rates of return. All others are annual compound rates of return. All returns are calculated after taking expenses, management and administration fees into account. Past performance is no guarantee of future performance.
* Empire Life Investments Inc. is the portfolio manager of the Empire Life segregated funds and is a wholly owned subsidiary of The Empire Life Insurance Company.® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.