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INV-2063-EN-06/19
FUND FACTSELITE & ELITE XL
INVESTMENT PROGRAMS
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.
As at December 31, 2018
This fund facts booklet contains individual fund facts for the segregated funds available under
the Elite & Elite XL Investment Program plans. You can choose to invest in one or more of the
funds available.
The individual fund facts describe the key features of each segregated fund including its risk level,
past performance, suitability, guarantees, and what fees and charges may apply.
The individual fund facts are not complete without the following description of your rescission
rights and our contact information.
What if I change my mind?You can change your mind about your investment within two business days of receiving your
confirmation notice.
You have to tell us in writing that you want to cancel the transaction. We will assume you have
received your confirmation notice five business days after it is mailed. The amount returned will
be the lesser of the amount you invested or the value of the fund if it has gone down. The amount
returned only applies to the specific transaction and will include a refund of any sales charges or
other fees you paid.
For more informationThis summary may not contain all of the information you need. Please read the Information Folder
and Policy Provisions for more details.
Contact Information
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Email: [email protected] (English) or [email protected] (French)
Introduction to Fund Facts Elite & Elite XL Investment Program Plans
Table of Contents
Money Market Fund .................................................................................................................... 1
Bond Fund .....................................................................................................................................3
Income Fund .................................................................................................................................5
Balanced Fund ..............................................................................................................................7
Asset Allocation Fund .................................................................................................................9
Global Balanced Fund .............................................................................................................. 11
Canadian Equity Fund ...............................................................................................................13
Dividend Growth Fund .............................................................................................................15
Elite Equity Fund .........................................................................................................................17
Small Cap Equity Fund .............................................................................................................19
American Value Fund ................................................................................................................21
Global Equity Fund ................................................................................................................... 23
Global Smaller Companies Fund .......................................................................................... 25
International Equity Fund.........................................................................................................27
Global Dividend Growth Fund .............................................................................................. 29
US Equity Index Fund ................................................................................................................31
Conservative Portfolio Fund .................................................................................................. 33
Balanced Portfolio Fund ......................................................................................................... 35
Moderate Growth Portfolio Fund ..........................................................................................37
Growth Portfolio Fund ............................................................................................................ 39
Aggressive Growth Portfolio Fund ........................................................................................41
INV-2063-EN-06/191 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: February 1989Managed by: Empire Life Investments Inc. Total Fund Value: $107.2 Million Fund Portfolio Turnover Rate: N/A
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 1.06% $24.00 919,552
Fund Facts
Money Market Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in short-term securities such as treasury bills and short-term debt issued by governments and Canadian corporations.
TOP 10 INVESTMENTS† %
Alimentation Couche-Tard Inc. 3.319% Nov 1, 2019 4.7
Canadian Natural Resources Limited 3.050% Jun 19, 2019 4.7
Metropolitan Life Global Funding I 2.682% Apr 16, 2019 4.7
Federation des caisses Desjardins du Quebec 1.752% Jan 2, 2019 4.7
Alectra Inc. 2.171% Jan 3, 2019 4.7
Caterpillar Financial Services Limited 1.947% Jan 3, 2019 4.7
Toronto Hydro Corporation 2.008% Jan 4, 2019 4.7
Ryder Truck Rental Canada Limited 2.259% Jan 9, 2019 4.7
Greater Toronto Airports Authority 2.225% Jan 11, 2019 4.7
TMX Group Limited 2.191% Jan 11, 2019 4.7
Total 47.0
Total Investments: 24†Proportion of total fund value
Investment Segmentation (%)
• Short Term 47.5• Canadian Bonds 42.4• Cash and Cash Equivalents 4.8• U.S. Bonds 4.7• Other Net Assets (Liabilities) 0.6
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking income, wanting to invest mostly in Canadian bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,025 on December 31, 2018. This works out to an average of 0.2% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-3%
0%
3%
6%
2018201720162015201420132012201120102009
0.0% 0.8%0.5% 0.3% 0.4% 0.3%0.2% 0.2% 0.0%0.0%
INV-2063-EN-06/19 2 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2.00% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/193 of 42
Fund Facts
Bond Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: December 1987Managed by: Empire Life Investments Inc. Total Fund Value: $612.9 Million Fund Portfolio Turnover Rate: 58.41%
FUNDCLASS
MINIMUMINVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.29% $48.49 7,014,668
What does the fund invest in?This segregated fund primarily invests in government issued bonds as well as bonds, debentures and investment grade notes issued by corporations.
TOP 10 INVESTMENTS† %
Empire Life Strategic Corporate Bond GIF - Class F 8.6
Canada Housing Trust 1.250% Dec 15, 2020 4.5
Scotiabank Capital Trust Floating Rate 5.650% Dec 31, 2056 2.1
Province of Nova Scotia 4.500% Jun 1, 2037 2.1
Province of Quebec 3.500% Dec 1, 2045 1.9
Canada Housing Trust 2.400% Dec 15, 2022 1.9
Province of New Brunswick 3.550% Jun 3, 2043 1.8
Province of Ontario 2.400% Jun 2, 2026 1.7
Province of Ontario 2.800% Jun 2, 2048 1.5
Newfoundland & Labrador Hydro 3.600% Dec 1, 2045 1.3
Total 27.4
Total Investments: 112†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 82.0• Segregated/Mutual Funds 8.6• U.S. Bonds 4.8• Canadian Equities 2.8• International Bonds 0.7• Short Term 0.7• Other Net Assets (Liabilities) 0.4
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking income, wanting to invest mostly in Canadian bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,275 on December 31, 2018. This works out to an average of 2.5% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-5%
0%
5%
10%
2018201720162015201420132012201120102009
2.6%-1.8%
8.6%
2.5%5.5%
-2.2%
6.6%
1.4% 0.8% 1.2%
INV-2063-EN-06/19 4 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC)If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/195 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 2002Managed by: Empire Life Investments Inc. Total Fund Value: $381.8 Million Fund Portfolio Turnover Rate: 40.06%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.27% $18.08 5,497,998
Fund Facts
Income Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in investment grade bonds, debentures and notes issued by corporations and the Government of Canada, Canadian provinces, territories and municipalities and foreign governments. The fund invests directly and in units of other Empire Life segregated funds.
TOP 10 INVESTMENTS† %
Empire Life American Value Fund - Class F 10.9
Empire Life Strategic Corporate Bond GIF - Class F 5.7
Royal Bank of Canada 1.700% Jan 2, 2019 3.5
Canada Housing Trust 2.400% Dec 15, 2022 1.5
Royal Bank of Canada 1.3
Scotiabank Capital Trust Floating Rate 5.650% Dec 31, 2056 1.3
Bank of Nova Scotia 1.3
Toronto-Dominion Bank 1.1
Canada Housing Trust 1.250% Dec 15, 2020 1.1
Province of New Brunswick 3.550% Jun 3, 2043 1.1
Total 28.8
Total Investments: 197†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 50.5• Canadian Equities 19.4• Segregated/Mutual Funds 16.6• International Equities 5.4• Short Term 4.3• U.S. Bonds 2.9• International Bonds 0.4• Other Net Assets (Liabilities) 0.4• U.S. Equities 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,468 on December 31, 2018. This works out to an average of 3.9% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-10%
-5%
0%
5%
10%
15%
2018201720162015201420132012201120102009
-4.2%
13.8%
3.7%6.3%
3.4% 2.8%6.7%
3.9% 3.4%0.4%
INV-2063-EN-06/19 6 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/197 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: February 1989Managed by: Empire Life Investments Inc. Total Fund Value: $482.6 Million Fund Portfolio Turnover Rate: 30.37%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.67% $48.27 3,808,279
Fund Facts
Balanced Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily Canadian equity and fixed income securities. The fund invests directly and in units of other Empire Life segregated funds.
TOP 10 INVESTMENTS† %
Empire Life American Value Fund - Class F 15.4
Royal Bank of Canada 1.700% Jan 2, 2019 2.9
Canada Housing Trust 1.250% Dec 15, 2020 2.0
Royal Bank of Canada 2.0
Bank of Nova Scotia 1.9
Toronto-Dominion Bank 1.7
Government of Canada 0.750% Sep 1, 2020 1.7
Bank of Montreal 1.4
Toromont Industries Limited 1.3
Shaw Communications Inc. 'B' 1.2
Total 31.5
Total Investments: 197†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 42.0• Canadian Equities 28.4• Segregated/Mutual Funds 15.4• International Equities 7.2• Short Term 3.9• U.S. Bonds 2.2• Other Net Assets (Liabilities) 0.4• International Bonds 0.3• U.S. Equities 0.2
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,524 on December 31, 2018. This works out to an average of 4.3% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-10%
0%
10%
20%
2018201720162015201420132012201120102009
3.8% 3.6% -5.5%
17.0%
4.2% 1.4%8.9% 6.4% 4.5%
0.1%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 8 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/199 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: May 1994Managed by: Empire Life Investments Inc. Total Fund Value: $1,142.0 Million Fund Portfolio Turnover Rate: 52.07%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER) NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.66% $32.92 6,745,733
Fund Facts
Asset Allocation Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in a diversified mix of Canadian equity and fixed income securities.
TOP 10 INVESTMENTS† %
Bank of Nova Scotia 2.1
Canadian Imperial Bank of Commerce 1.9
Brookfield Asset Management Inc. 'A' 1.8
Royal Bank of Canada 1.8
Government of Canada 1.648% Jan 10, 2019 1.8
Firstbank 2.173% Jan 9, 2019 1.8
Municipal Finance Authority of British Columbia 1.898% Jan 16, 2019
1.7
Canadian Treasury Bill 1.740% Feb 7, 2019 1.7
Toronto-Dominion Bank 1.7
Whitbread PLC 1.7
Total 18.0
Total Investments: 214†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 37.7• Canadian Bonds 19.6• U.S. Equities 16.4• Short Term 13.3• International Equities 11.7• U.S. Bonds 0.9• Other Net Assets (Liabilities) 0.3• International Bonds 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,811 on December 31, 2018. This works out to an average of 6.1% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-10%
0%
10%
20%
2018201720162015201420132012201120102009
3.4%7.3%
-7.6%
18.6%
-1.9%
16.6%11.4% 7.6%
2.6%5.9%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 10 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1911 of 42
Fund Facts
Global Balanced Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: June 2003Managed by: Empire Life Investments Inc. Total Fund Value: $265.4 Million Portfolio Turnover Rate: 43.51%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER) NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.97% $11.94 1,135,362
What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily global equity and fixed income securities.
TOP 10 INVESTMENTS† %
US Treasury Notes 1.375% Aug 31, 2020 2.0
Canadian Treasury Bill 1.740% Feb 7, 2019 1.9
DowDuPont Inc. 1.8
Brookfield Asset Management Inc. 'A' 1.8
Royal Bank of Canada 1.7
Bank of Nova Scotia 1.7
Royal Bank of Canada 1.700% Jan 2, 2019 1.7
Toronto-Dominion Bank 1.6
Province of Manitoba 5.250% Sep 13, 2023 1.6
US Treasury Notes 1.750% Dec 31, 2020 1.5
Total 17.3
Total Investments: 121†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 23.1• Canadian Equities 22.7• International Equities 22.4• Canadian Bonds 18.0• U.S. Bonds 7.6• Short Term 3.6• International Bonds 1.5• Other Net Assets (Liabilities) 0.6• Cash and Cash Equivalents 0.5
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in global stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,486 on December 31, 2018. This works out to an average of 4.0% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-10%
0%
10%
20%
2018201720162015201420132012201120102009
7.0%-1.6% -4.6%-1.1%
4.0%
15.9%7.8% 6.3%
1.7%6.4%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 12 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1913 of 42
Fund Facts
Canadian Equity Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: October 2005Managed by: Empire Life Investments Inc. Total Fund Value: $239.3 Million Fund Portfolio Turnover Rate: 37.37%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.70% $13.96 14,821,673
What does the fund invest in?This segregated fund primarily invests in Canadian mid to large market capitalization stocks.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 5.6
Toronto-Dominion Bank 5.2
Bank of Nova Scotia 5.1
Bank of Montreal 4.6
Brookfield Asset Management Inc. 'A' 3.6
Toromont Industries Limited 3.5
Shaw Communications Inc. 'B' 3.5
Saputo Inc. 3.2
DowDuPont Inc. 3.2
Intact Financial Corporation 3.1
Total 40.6
Total Investments: 42†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 88.9• U.S. Equities 4.9• International Equities 3.2• Short Term 2.8• Other Net Assets (Liabilities) 0.2
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average returns A person who invested $1,000 on December 31, 2008 has $1,830 on December 31, 2018. This works out to an average of 6.2% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25.0%
-12.5%
0.0%
12.5%
25.0%
2018201720162015201420132012201120102009
24.9%
12.7%18.4%
-14.8%2.8%-5.3%
10.9%
-1.4%
15.0%
5.3%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 14 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1915 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 1998Managed by: Empire Life Investments Inc. Total Fund Value: $1,394.8 Million Fund Portfolio Turnover Rate: 38.72%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.68% $32.99 18,067,023
Fund Facts
Dividend Growth Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in dividend paying Canadian mid to large market capitalization stocks. Equity investments include common stocks, preferred stocks, convertible preferred stocks and convertible debentures.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 5.5
Bank of Nova Scotia 5.4
Toronto-Dominion Bank 5.3
DowDuPont Inc. 3.7
Brookfield Asset Management Inc. 'A' 3.6
Shaw Communications Inc. 'B' 3.4
Saputo Inc. 3.2
Parkland Fuel Corporation 3.1
Alimentation Couche-Tard Inc. 'B' 3.0
Keyera Corporation 3.0
Total 39.2
Total Investments: 45†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 72.7• U.S. Equities 12.0• International. Equities 10.8• Short Term 3.6• Cash and Cash Equivalents 0.6• Other Net Assets (Liabilities) 0.3
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,881 on December 31, 2018. This works out to an average of 6.5% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-20%
-5%
10%
25%
40%
2018201720162015201420132012201120102009
5.0%-15.3%
26.5%
11.9%-1.9%
18.9% 16.4%5.6%-2.7%
7.1%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 16 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1917 of 42
Fund Facts
Elite Equity Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: December 1969Managed by: Empire Life Investments Inc. Total Fund Value: $924.8 Million Fund Portfolio Turnover Rate: 25.42%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.68% $388.74 1,126,865
What does the fund invest in?This segregated fund primarily invests in Canadian large market capitalization stocks, with some exposure to foreign securities. The fund invests directly and in units of other Empire Life segregated funds.
TOP 10 INVESTMENTS† %
Empire Life American Value Fund - Class F 28.6
Royal Bank of Canada 3.4
Bank of Nova Scotia 3.3
Toronto-Dominion Bank 3.0
Toromont Industries Limited 2.4
Bank of Montreal 2.3
Shaw Communications Inc. 'B' 2.1
Brookfield Asset Management Inc. 'A' 2.1
Royal Bank of Canada 1.700% Jan 2, 2019 2.0
Alimentation Couche-Tard Inc. 'B' 1.8
Total 51.0
Total Investments: 97†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 49.6• Segregated/Mutual Funds 28.6• International Equities 13.6• Short Term 7.7• U.S. Equities 0.3• Other Net Assets (Liabilities) 0.2
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $2,017 on December 31, 2018. This works out to an average of 7.3% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25%
-15%
-5%
5%
15%
25%
2018201720162015201420132012201120102009
7.1% 5.9%
24.1%
-5.7%
22.9%
11.3%3.4%
10.1%6.1%
-8.0%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 18 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1919 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 1998Managed by: Empire Life Investments Inc. Total Fund Value: $146.8 Million Fund Portfolio Turnover Rate: 60.54%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.69% $26.67 4,721,358
Fund Facts
Small Cap Equity Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in Canadian small to mid market capitalization stocks.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2019 7.7
People Corporation 3.4
TORC Oil & Gas Limited 2.7
Cineplex Inc. 2.6
The Westaim Corporation 2.5
Cott Corporation 2.5
K-Bro Linen Inc. 2.4
Enerplus Corporation 2.4
CES Energy Solutions Corporation 2.2
StorageVault Canada Inc. 2.2
Total 30.6
Total Investments: 73†Proportion of total fund value
Investment Segmentation (%)
• Canadian Equities 85.6• Short Term 7.7• U.S. Equities 4.7• International Equities 2.5• Other Net Assets (Liabilities) -0.5
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks of smaller companies and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return
A person who invested $1,000 on December 31, 2008 has $1,661 on December 31, 2018. This works out to an average of 5.2% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-30%
-12%
6%
24%
42%
60%
2018201720162015201420132012201120102009
0.1% -23.1%
57.8%
22.2%
-16.6% 7.9% 3.3% -1.1%14.4%
6.5%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 20 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1921 of 42
Fund Facts
American Value Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 2002Managed by: Empire Life Investments Inc. Total Fund Value: $846.8 Million Fund Portfolio Turnover Rate: 50.52%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.70% $17.11 11,565,984
What does the fund invest in?This segregated fund primarily invests in U.S. mid to large market capitalization stocks.
TOP 10 INVESTMENTS† %
Microsoft Corporation 3.3
Celgene Corporation 3.2
Anthem Inc. 3.2
Apple Inc. 3.2
Alphabet Inc. 'C' 3.0
Johnson & Johnson 3.0
Chubb Limited 2.7
Comcast Corporation 'A' 2.7
Visa Inc. 'A' 2.7
STORE Capital Corporation 2.7
Total 29.7
Total Investments: 59†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 91.3• International Equities 5.3• Short Term 3.4• Cash and Cash Equivalents 0.1• Other Net Assets (Liabilities) -0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in U.S. stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $2,447 on December 31, 2018. This works out to an average of 9.4% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-10%
5%
20%
35%
2018201720162015201420132012201120102009
34.5%
0.5%5.4% 0.7% -1.7%6.0% 9.9%10.2%
13.1%19.3%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 22 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1923 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: February 1989Managed by: Empire Life Investments Inc. Total Fund Value: $138.7 Million Fund Portfolio Turnover Rate: 60.10%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.67% $37.23 1,395,685
Fund Facts
Global Equity Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in developed markets such as North America, Europe and Asia, but may also invest in emerging markets.
TOP 10 INVESTMENTS† %
Amazon.com Inc. 2.6
Dollar Tree Inc. 2.4
Tencent Holdings Limited 2.3
International Flavors & Fragrances Inc. 2.2
HDFC Bank Limited ADR 2.2
Sony Corporation 2.2
Fiserv Inc. 2.2
MSCI Inc. 'A' 2.2
American Tower Corporation 'A' 2.2
Digital Realty Trust Inc. 2.1
Total 22.6
Total Investments: 51†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 49.0• International Equities 47.3• Canadian Equities 1.7• Short Term 1.3• Other Net Assets (Liabilities) 0.4• Cash and Cash Equivalents 0.3
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $2,195 on December 31, 2018. This works out to an average of 8.2% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25%
0%
25%
50%
2018201720162015201420132012201120102009
-0.7% -8.8%13.6%16.0%
31.9%
11.3% 12.4%-1.6%
15.5%
-1.8%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 24 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1925 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: October 2005Managed by: Empire Life Investments Inc. Total Fund Value: $25.8 Million Fund Portfolio Turnover Rate: 52.91%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 3.04% $13.96 1,365,963
Fund Facts
Global Smaller Companies Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in small to mid market capitalization stocks in developed markets such as North America, Europe, and Asia, but may also invest in emerging markets.
TOP 10 INVESTMENTS† %
Royal Bank of Canada 1.700% Jan 2, 2019 3.5
Church & Dwight Company Inc. 2.7
MSCI Inc. 'A' 2.7
Techtronic Industries Company Limited 2.6
Jack Henry & Associates Inc. 2.4
Dollar Tree Inc. 2.4
Allegion PLC 2.4
American Water Works Company Inc. 2.3
CDW Corporation 2.3
Bunzl PLC 2.2
Total 25.5
Total Investments: 49†Proportion of total fund value
Investment Segmentation for the fund (%)
• International Equities 57.1• U.S. Equities 37.0• Short Term 3.5• Canadian Equities 1.6• Other Net Assets (Liabilities) 0.5• Cash and Cash Equivalents 0.3
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks of smaller companies and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $2,160 on December 31, 2018. This works out to an average of 8.0% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insvurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-20%
-5%
10%
25%
40%
2018201720162015201420132012201120102009
-6.1%
16.2% 13.6%-19.8% 2.5%
11.2%13.0%
27.7%
5.8%
24.8%
INV-2063-EN-06/19 26 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1927 of 42
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: June 2003Managed by: Empire Life Investments Inc. Total Fund Value: $127.8 Million Fund Portfolio Turnover Rate: 58.99%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 3.03% $12.24 7,965,088
Fund Facts
International Equity Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in developed markets such as Europe and Asia, but may also invest in North America and in emerging markets.
TOP 10 INVESTMENTS† %
Suzuki Motor Corporation 2.5
Compass Group PLC 2.5
Amazon.com Inc. 2.5
CSL Limited 2.4
Deutsche Wohnen SE 2.3
Nippon Telegraph & Telephone Corporation 2.3
Tencent Holdings Limited 2.2
HDFC Bank Limited ADR 2.2
Sony Corporation 2.2
Kerry Group PLC 2.2
Total 23.3
Total Investments: 50†Proportion of total fund value
Investment Segmentation (%)
• International Equities 96.2• U.S. Equities 2.5• Short Term 0.7• Other Net Assets (Liabilities) 0.6
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,510 on December 31, 2018. This works out to an average of 4.2% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
-25.0%
-12.5%
0.0%
12.5%
25.0%
2018201720162015201420132012201120102009
-4.3%2.5%
15.9%14.6%
-9.1%-16.4%
14.5%23.8%
-8.7%
17.9%
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
INV-2063-EN-06/19 28 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1929 of 42
Fund Facts
Global Dividend Growth Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: May 2007Managed by: Empire Life Investments Inc. Total Fund Value: $79.4 Million Portfolio Turnover Rate: 66.39%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.64% $10.35 5,079,807
What does the fund invest in?This segregated fund primarily invests in dividend paying global mid to large market capitalization stocks. Equity investments include common stocks, preferred stocks, convertible preferred stocks, and convertible debentures.
TOP 10 INVESTMENTS† %
Amazon.com Inc. 2.6
Dollar Tree Inc. 2.4
Tencent Holdings Limited 2.3
International Flavors & Fragrances Inc. 2.3
Fiserv Inc. 2.3
Medtronic PLC 2.3
American Tower Corporation 'A' 2.2
Compass Group PLC 2.2
HDFC Bank Limited ADR 2.2
Sony Corporation 2.2
Total 23.0
Total Investments: 50†Proportion of total fund value
Investment Segmentation (%)
• U.S. Equities 49.4 • International Equities 47.9 • Canadian Equities 1.7• Other Net Assets (Liabilities) 0.5 • Cash and Cash Equivalents 0.5
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in global stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average ReturnA person who invested $1,000 on December 31, 2008 has $2,037 on December 31, 2018. This works out to an average of 7.4% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-10%
-3%
4%
11%
18%
25%
2018201720162015201420132012201120102009
-1.7%
15.0%
-0.5% -5.5%
9.4%
26.6%
9.4%13.9%
-3.7%
15.3%
INV-2063-EN-06/19 30 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?
You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1931 of 42
Fund Facts
US Equity Index Fund
As at December 31, 2018
What does the fund invest in?This segregated fund primarily invests in exchange traded funds (ETFs) and/or futures contracts.
TOP 10 INVESTMENTS† %
Canadian Natural Resources Limited 3.050% Jun 19, 2019 8.5
Metropolitan Life Global Funding I 2.682% Apr 16, 2019 8.5
Government of Canada 1.600% Jan 10, 2019 8.5
Royal Bank of Canada 1.700% Jan 2, 2019 8.1
Ford Credit Canada Company 2.939% Feb 19, 2019 6.8
National Bank of Canada Floating Rate 2.318% Jun 11, 2019 6.8
Toyota Credit Canada Inc. 2.250% May 23, 2019 6.8
Ryder Truck Rental Canada Limited 2.259% Jan 9, 2019 6.8
Sun Life Financial Inc. 5.700% Jul 2, 2019 5.2
Laurentian Bank of Canada 2.810% Jun 13, 2019 5.1
Total 71.1
Total Investments: 17†Proportion of total fund value
Investment Segmentation (%)
• Canadian Bonds 62.3• Short Term 28.0 • U.S. Bonds 8.5• Other Net Assets (Liabilities) 1.1 • Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in U.S. stocks and is willing to accept a moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return
A person who invested $1,000 on December 31, 2008 has $2,505 on December 31, 2018. This works out to an average of 9.6% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-15%
0%
15%
30%
2018201720162015201420132012201120102009
11.1%
-1.4%
13.2%
-7.9%
19.6%
29.9%
11.3%
-1.1%9.0%
17.6%
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: January 1998Managed by: Empire Life Investments Inc. Total Fund Value: $58.7 Million Portfolio Turnover Rate: N/A
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.73% $18.93 2,310,792
INV-2063-EN-06/19 32 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1933 of 42
Fund Facts
Conservative Portfolio Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004Managed by: Empire Life Investments Inc. Total Fund Value: $113.0 Million Portfolio Turnover Rate: 4.94%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.56% $14.04 2,610,585
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 65% fixed income and 35% equities.
TOP INVESTMENTS† %
Empire Life Bond Fund - Class A 66.2
Empire Life Strategic Corporate Bond GIF - Class F 8.6
Canada Housing Trust 1.250% Dec 15, 2020 4.5
Scotiabank Capital Trust Floating Rate 5.650% Dec 31, 2056 2.1
Province of Nova Scotia 4.500% Jun 1, 2037 2.1
Province of Quebec 3.500% Dec 1, 2045 1.9
Canada Housing Trust 2.400% Dec 15, 2022 1.9
Province of New Brunswick 3.550% Jun 3, 2043 1.8
Province of Ontario 2.400% Jun 2, 2026 1.7
Province of Ontario 2.800% Jun 2, 2048 1.5
Newfoundland & Labrador Hydro 3.600% Dec 1, 2045 1.3
Empire Life Canadian Equity Fund - Class A 11.7
Empire Life Dividend Growth Fund - Class A 11.6
Empire Life American Value Fund - Class A 4.7
Empire Life International Equity Fund - Class A 4.6
Royal Bank of Canada 1.700% Jan 2, 2019 1.1
Total 99.9
Total Investments: 6†Proportion of total fund value
Investment Segmentation for the fund (%)
• Segregated/Mutual Funds 98.8 • Short Term 1.1 • Other Net Assets (Liabilities) 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,413 on December 31, 2018. This works out to an average of 3.5% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-10%
-5%
0%
5%
10%
15%
2018201720162015201420132012201120102009
11.6%
3.4%-5.3%0.1%
3.8% 5.8% 7.5%
1.8%4.1% 3.3%
INV-2063-EN-06/19 34 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Option only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1935 of 42
Fund Facts
Balanced Portfolio Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004Managed by: Empire Life Investments Inc. Total Fund Value: $169.3 Million Portfolio Turnover Rate: 5.48%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.62% $14.11 2,910,417
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 50% fixed income and 50% equities.
TOP INVESTMENTS† %
Empire Life Bond Fund - Class A 50.9
Empire Life Strategic Corporate Bond GIF - Class F 8.6
Canada Housing Trust 1.250% Dec 15, 2020 4.5
Scotiabank Capital Trust Floating Rate 5.650% Dec 31, 2056 2.1
Province of Nova Scotia 4.500% Jun 1, 2037 2.1
Province of Quebec 3.500% Dec 1, 2045 1.9
Canada Housing Trust 2.400% Dec 15, 2022 1.9
Province of New Brunswick 3.550% Jun 3, 2043 1.8
Province of Ontario 2.400% Jun 2, 2026 1.7
Province of Ontario 2.800% Jun 2, 2048 1.5
Newfoundland & Labrador Hydro 3.600% Dec 1, 2045 1.3
Empire Life Dividend Growth Fund - Class A 15.0
Empire Life Canadian Equity Fund - Class A 14.4
Empire Life American Value Fund - Class A 7.4
Empire Life International Equity Fund - Class A 7.3
Empire Life Small Cap Equity Fund - Class A 4.1
Royal Bank of Canada 1.700% Jan 2, 2019 0.9
Total 100.0
Total Investments: 7†Proportion of total fund value
Investment Segmentation for the fund (%)
• Segregated/Mutual Funds 99.1 • Short Term 0.9
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,473 on December 31, 2018. This works out to an average of 4.0% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-15%-10%-5%0%5%
10%15%
2018201720162015201420132012201120102009
14.0%
4.3%-7.1%-3.0%
4.3%8.9% 7.8%
2.2%5.3% 4.5%
INV-2063-EN-06/19 36 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1937 of 42
Fund Facts
Moderate Growth Portfolio Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004Managed by: Empire Life Investments Inc. Total Fund Value: $249.9 Million Portfolio Turnover Rate: 5.76%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.71% $14.41 4,434,902
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 35% fixed income and 65% equities.
TOP INVESTMENTS† %
Empire Life Bond Fund - Class A 36.6
Empire Life Canadian Equity Fund - Class A 19.7
Empire Life Dividend Growth Fund - Class A 19.3
Empire Life American Value Fund - Class A 9.7
Empire Life International Equity Fund - Class A 9.6
Empire Life Small Cap Equity Fund - Class A 4.2
Royal Bank of Canada 1.700% Jan 2, 2019 0.8
Total 99.9
Total Investments: 7†Proportion of total fund value
Investment Segmentation for the fund (%)
• Segregated/Mutual Funds 99.1 • Short Term 0.8 • Cash and Cash Equivalents 0.1
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,539 on December 31, 2018. This works out to an average of 4.4% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-25%
-15%
-5%
5%
15%
25%
2018201720162015201420132012201120102009
-8.5%
14.3%
-4.8%5.2% 4.8%
12.5%8.2%
2.5% 6.5% 5.5%
INV-2063-EN-06/19 38 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1939 of 42
Fund Facts
Growth Portfolio Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004Managed by: Empire Life Investments Inc. Total Fund Value: $203.5 Million Portfolio Turnover Rate: 3.15%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.77% $14.75 2,078,653
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 20% fixed income and 80% equities.
TOP INVESTMENTS† %
Empire Life Dividend Growth Fund - Class A 24.4
Empire Life Canadian Equity Fund - Class A 24.3
Empire Life Bond Fund - Class A 20.7
Empire Life American Value Fund - Class A 11.8
Empire Life International Equity Fund - Class A 9.3
Empire Life Small Cap Equity Fund - Class A 8.5
Royal Bank of Canada 1.700% Jan 2, 2019 1.0
Total 100.0
Total Investments: 7†Proportion of total fund value
Investment Segmentation for the fund (%)
• Segregated/Mutual Funds 99.0• Short Term 1.0
How risky is it?
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth and income, wanting to invest mostly in Canadian stocks and bonds and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,614 on December 31, 2018. This works out to an average of 4.9% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-15%
-5%
5%
15%
25%
2018201720162015201420132012201120102009
2.1%8.9% 6.2%
-11.0%
17.8%
6.9%-6.8%
4.9%
15.2%8.3%
low low to moderate
moderate moderate to high
high
INV-2063-EN-06/19 40 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
INV-2063-EN-06/1941 of 42
Fund Facts
Aggressive Growth Portfolio Fund
As at December 31, 2018
Note: New deposits available only to existing contract holders.
Quick FactsDate Fund Created: September 2004Managed by: Empire Life Investments Inc. Total Fund Value: $158.2 Million Portfolio Turnover Rate: 5.17%
FUNDCLASS MINIMUM INVESTMENT
MATURITY/DEATH BENEFIT GUARANTEE (%)
MANAGEMENT EXPENSE RATIO
(MER)
NET ASSET VALUE
PER UNITUNITS
OUTSTANDING
A $500 initial, $30 per fund 75/100 2.80% $15.35 1,218,127
What does the fund invest in?This segregated fund primarily invests in units of other Empire Life segregated funds. The target asset mix of the fund is 100% equities.
TOP INVESTMENTS† %
Empire Life Canadian Equity Fund - Class A 29.8
Empire Life Dividend Growth Fund - Class A 29.7
Empire Life American Value Fund - Class A 14.9
Empire Life Small Cap Equity Fund - Class A 13.0
Empire Life International Equity Fund - Class A 11.7
Royal Bank of Canada 1.700% Jan 2, 2019 0.9
Total 100.0
Total Investments: 6†Proportion of total fund value
Investment Segmentation for the fund (%)
• Segregated/Mutual Funds 99.1 • Short Term 0.9
How risky is it?
low low to moderate
moderate moderate to high
high
The value of your investments can go down. Refer to the Information Folder for more information.
Who is this fund for?This fund may be right for a person seeking growth, wanting to invest mostly in Canadian stocks and is willing to accept a low to moderate level of risk.
How has the fund performed?The following information shows how fund class A of the fund has performed. However, this doesn’t tell you how the fund will perform in the future. Your actual return will depend on the fund class and on your personal tax situation.
Average Return A person who invested $1,000 on December 31, 2008 has $1,756 on December 31, 2018. This works out to an average of 5.8% a year.
Year-by-Year ReturnsThis chart shows how the fund has performed in the past.
Are there any guarantees?This fund is being offered under an individual variable insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes a separate insurance cost for the guarantees. There is an extra fee charged for the 100% Maturity Guarantee Benefit Option. Refer to the Information Folder for details about the guarantees and the MER.
-15%
-5%
5%
15%
25%
2018201720162015201420132012201120102009
-13.2%
22.1%
9.1%-9.1%
5.4% 8.6%2.4%
11.1%7.6%
19.5%
INV-2063-EN-06/19 42 of 42® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
How much does it cost?The following table shows the fees and expenses you could pay to buy or sell units of the fund.
1. Sales Charges (Elite Investment Program only)
SALES CHARGE OPTION WHAT YOU PAY HOW IT WORKS
Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5.0%.
• 100% of your deposit is used to buy units.
• The DSC is deducted from the amount you sell.
• You can sell up to a certain percentage of your units each year without paying a DSC.
• You can transfer to other funds without paying a DSC.
• The DSC schedule begins on the date you first invest in a fund.
• Any DSC you pay goes to Empire Life.
1 year of buying 5.0
2 years of buying 4.0
3 years of buying 3.0
4 years of buying 2.0
5 years of buying 1.0
After 5 years 0.0
2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. The MER also includes the insurance cost for the Maturity and Death Benefit Guarantees. You do not pay the MER directly. It affects you because it reduces the return you get on your investment. Refer to the Information Folder for details about the MER.
3. Trailer CommissionsEmpire Life pays a trailer commission of up to 1.00% of the value of your investments each year for as long as you hold units of the fund. The trailer commission is for the services and advice your advisor provides to you.
4. Other Fees
FEE WHAT YOU PAY
100% Maturity Guarantee Benefit Option 0.38% of the accumulated value of the funds (excluding Money Market).This fee is paid annually out of your contract to Empire Life.
Excessive Trading Fee Up to 2% of the value of units you sell, or transfer within 90 days of buying them. This fee is paid to the funds.
What if I change my mind?You can change your mind about your investment within two business days of receiving your confirmation notice. You have to tell us in writing that you want to cancel the transaction. We will assume you have received your confirmation notice five business days after it is mailed. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information:This summary may not contain all of the information you need. Please refer to the Information Folder and Policy Provisions for more details.
Contact information:
The Empire Life Insurance Company
259 King Street East
Kingston, Ontario K7L 3A8
Phone Number: 1 800 561-1268
Fax: 1 800 419-4051
Web: www.empire.ca
Email (English): [email protected]
Email (French): [email protected]
The Empire Life Insurance Company (Empire Life) is a proud Canadian company
that has been in business since 1923. We offer individual and group life and health
insurance, investment and retirement products, including mutual funds through
our wholly-owned subsidiary Empire Life Investments Inc.
Empire Life is among the top 10 life insurance companies in Canada1 and is rated A
(Excellent) by A.M. Best Company2. Our mission is to make it simple, fast and easy
for Canadians to get the investment, insurance and group benefits coverage they
need to build wealth, generate income, and achieve financial security.
Follow Empire Life on Twitter @EmpireLife or visit our website, www.empire.ca
for more information.
1 Globe and Mail Report on Business, June 2018, based on revenue2 As at June 7, 2018. For the latest rating, access www.ambest.com.
The information in this document is for general information purposes only and is not to be construed as providing legal, tax, financial or professional advice. The Empire Life Insurance Company assumes no responsibility for any reliance made on or misuse or omissions of the information contained in this document. Please seek professional advice before making any decision.
® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.
Insurance & Investments – Simple. Fast. Easy.®
www.empire.ca [email protected]
INV-2063-EN-06/19