Fund Facts Class Plus 2 - Empire Life · Fund Facts Empire Life Money Market GIF Empire Life...

INV-941-EN-05/18

FUND FACTS

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, 2016

FOR EMPIRE LIFE GIF 75/75, 75/100 AND 100/100

CONTRACTS

This fund facts booklet, which forms part of the information folder, contains individual fund facts for

the segregated funds. Not all funds are available under all plans. Refer to the Empire Life

Guaranteed Investment Funds 75/75 and 75/100 and the Empire Life Guaranteed Investment Funds

100/100 Information Folder for a list of the segregated funds available. 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 is 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 Contract 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 Empire Life Guaranteed Investment Funds 75/75 (Fund Classes K and U), 75/100 (Fund Classes L and V) and 100/100 (Fund Classes M and W)

Table of ContentsFund Facts

Empire Life Money Market GIF .................................................................................................4

Empire Life Bond GIF ..................................................................................................................6

Empire Life Strategic Corporate Bond GIF ...........................................................................8

Empire Life Income GIF ...........................................................................................................10

Empire Life Monthly Income GIF ..........................................................................................12

Empire Life Balanced GIF.........................................................................................................14

Empire Life Dividend Balanced GIF ......................................................................................16

Empire Life Asset Allocation GIF ............................................................................................18

Empire Life Global Asset Allocation GIF .............................................................................20

Empire Life Dividend Growth GIF......................................................................................... 22

Empire Life Canadian Equity GIF .......................................................................................... 24

Empire Life Elite Equity GIF .................................................................................................... 26

Empire Life Small Cap Equity GIF ......................................................................................... 28

Empire Life American Value GIF ...........................................................................................30

Empire Life Global Equity GIF ................................................................................................ 32

Empire Life International Equity GIF .................................................................................... 34

Empire Life Global Smaller Companies GIF ...................................................................... 36

Empire Life Emblem Diversified Income Portfolio GIF .................................................. 38

Empire Life Emblem Conservative Portfolio GIF .............................................................40

Empire Life Emblem Balanced Portfolio GIF ..................................................................... 42

Empire Life Emblem Moderate Growth Portfolio GIF ....................................................44

Empire Life Emblem Growth Portfolio GIF ........................................................................46

Empire Life Emblem Aggressive Growth Portfolio GIF ..................................................48

Empire Life Emblem Global Conservative Portfolio GIF ...............................................50

Empire Life Emblem Global Balanced Portfolio GIF ...................................................... 52

Empire Life Emblem Global Moderate Growth Portfolio GIF ..................................... 54

Empire Life Emblem Global Aggressive Growth Portfolio GIF .................................... 56

4

Quick FactsDate Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $103.0 Million Fund Portfolio Turnover Rate: N/A

FUNDCLASS

FUND CLASSCREATED

MINIMUMINVESTMENT

MATURITY/DEATH BENEFIT GUARANTEE (%)

MANAGEMENT EXPENSE RATIO

(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

K April 2015 $1,000 initial, $50 per fund 75/75 0.93% $10.01 324,614

L November 2014 $1,000 initial, $50 per fund 75/100 0.91% $10.01 1,659,794

M November 2014 $1,000 initial, $50 per fund 100/100 0.92% $10.01 289,408

U May 2018 $1,000 initial, $50 per fund 75/75 0.92%* $10.00 -

V May 2018 $1,000 initial, $50 per fund 75/100 0.92%* $10.00 -

W May 2018 $1,000 initial, $50 per fund 100/100 0.92%* $10.00 -

*The MER is estimated as the fund class is less than 12 months old.

Fund Facts

Empire Life Money Market GIF

Empire Life Guaranteed Investment Funds 75/75, 75/100 and 100/100


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† %

Government of Canada 0.555% Jun 29, 2017 6.8

Toyota Credit Canada Inc. 0.961% Apr 3, 2017 6.7

Firstbank 0.780% Jan 31, 2017 5.8

Royal Bank of Canada, Floating Rate 1.026% Dec 1, 2017 4.9

Daimler Canada Finance Inc. 0.909% Jan 19, 2017 4.9

Province of Ontario 0.620% Mar 29, 2017 4.8

Province of Newfoundland and Labrador 0.589% Feb 9, 2017 4.7

HSBC Bank Canada 0.821% Jan 3, 2017 3.9

Concentra Financial Services Association 0.002% Jan 16, 2017 3.9

Province of Newfoundland and Labrador 0.588% Mar 2, 2017 3.9

Total 50.3

Total Investments: 31†Proportion of total fund value

Investment Segmentation (%)

• Short Term 73.2• Canadian Bonds 27.0• Other Net Assets (Liabilities) (0.2)

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 income, wanting to invest mostly in Canadian bonds and is willing to accept a very low level of risk.

How has the fund performed?The following information shows how fund class L 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 November 3, 2014 has $1,001 on December 31, 2016. This works out to an average of 0.06% 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. There is an insurance fee charged for the guarantees. Refer to the Information Folder for details about the guarantees and the insurance fee.

-1.0%

2.5%

6.0%

20162015

0.0% 0.1%

low low to moderate

moderate moderate to high

high

5

® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.

05/18

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

PURCHASE FEE OPTION WHAT YOU PAY HOW IT WORKS

Front End Load (FE) Up to 5% of the amount you invest.

• You and your advisor decide on the %.• The Front End Load is deducted from the amount you invest. It is paid as a

commission to your advisor.• No withdrawal fees.• You can transfer to other funds without paying any Front End Loads.

Deferred Sales Charge (DSC) If you sell within: % • When you invest, Empire Life pays a commission of up to 5%.

• 100% of your deposit is used to buy units.

• The withdrawal fee is deducted from the amount you sell.

• You can sell up to a certain percentage of your units each year without paying a withdrawal fee.

• You can transfer to other funds without paying a withdrawal fee.

• The withdrawal fee schedule begins on the date you first invest in a fund.

• Any withdrawal fee you pay goes to Empire Life.

1 year of buying 5.5

2 years of buying 5.0






After 7 years 0.0

Low Load (LL) If you sell within: % • When you invest, Empire Life pays a commission of up to 2.5%.




After 3 years 0.0

Fee For Service (FFS) The amount you pay for this Purchase Fee Option will be outlined in the agreement between you and your advisor.

• 100% of the funds received by Empire Life will be used to buy units.• Empire Life pays no commissions or trailer commissions to your advisor.• There are no withdrawal fees.• There are no fees for switches.

2. Ongoing Fund ExpensesThe management expense ratio (MER) includes the management fee and operating expenses of the fund. 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 1.25% 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. There are no trailer commissions payable under the Fee For Service Purchase Fee Option.

4. Other Fees

FEE WHAT YOU PAY

Insurance Fee A charge to cover the maturity and death benefit guarantees on the


contracts. The fee is paid out of your contract to Empire Life monthly.

Fund Classes K and U (75/75) - 0.00%

Fund Classes L and V (75/100) - 0.10%

Fund Classes M and W (100/100) - 0.20%

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 Contract Provisions for more details.

Contact information:The Empire Life Insurance Company Phone Number: 1 800 561-1268 Web: www.empire.ca

259 King Street East Fax: 1 800 419-4051 Email (English): [email protected]

Kingston, Ontario K7L 3A8 Email (French): [email protected]

6

Fund Facts

Empire Life Bond GIF



Quick FactsDate Fund Created: December 1987 Managed by: Empire Life Investments Inc. Total Fund Value: $704.3 Million Fund Portfolio Turnover Rate: 163.45%

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








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.



Province of Ontario 2.900% Dec 2, 2046 2.7

Province of Quebec 3.500% Dec 1, 2045 2.6

US Treasury Notes 0.750% Sep 30, 2018 2.6

Province of Ontario 2.400% Jun 2, 2026 2.4


Government of Canada 3.500% Dec 1, 2045 2.0

Province of Manitoba 3.250% Sep 5, 2029 2.0


Leisureworld Senior Care Limited Partnership 3.474% Feb 3, 2021 1.5

Total 26.3



• Cash and Cash Equivalents 0.1 • Canadian Bonds 89.1• Short Term 0.9 • U.S. Bonds 7.4• Canadian Equities 1.9• Other Net Assets (Liabilities) 0.6

How risky is it?


low low to moderate


high

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.





0%

5%

10%

20162015

1.1%1.7%

7


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













8

Fund Facts

Empire Life Strategic Corporate Bond GIF



Quick FactsDate Fund Created: May 2018 Managed by: Empire Life Investments Inc. Total Fund Value: - Fund Portfolio Turnover Rate: -

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

K May 2018 $1,000 initial, $50 per fund 75/75 2.16%* $10.00 -

L May 2018 $1,000 initial, $50 per fund 75/100 2.16%* $10.00 -

M May 2018 $1,000 initial, $50 per fund 100/100 2.16%* $10.00 -




*The MER is estimated as the fund is less than 12 months old.

What does the fund invest in?This fund invests primarily in North American fixed income securities such as high yield bonds and floating rate loans issued by corporations.

Top 10 investments, total investments and investment segmentation information not available.

How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking income and the potential for long term capital growth by investing mostly in corporate debt and is willing to accept a low to moderate

level of risk.

How has the fund performed?

Average Return The performance will be reported once the fund has been in existence for more than one year.

Year-by-Year ReturnsThe performance will be reported once the fund has been in existence for more than one year.


9


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













10

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.





0%

5%

10%

20162015

0.4%

3.9%

Quick FactsDate Fund Created: January 2002 Managed by: Empire Life Investments Inc. Total Fund Value: $453.6 Million Fund Portfolio Turnover Rate: 99.95%

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life Income GIF



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.


Empire Life American Value Fund - Class F 9.7


SPDR S&P 500 ETF Trust 2.1






Royal Bank of Canada 1.2

Province of Manitoba 3.250% Sep 5, 2029 1.2

Total 26.2



• Cash and Cash Equivalents 0.1• Short Term 1.1 • Canadian Bonds 59.7 • U.S. Bonds 3.5• Canadian Equities 22.0• U.S. Equities 2.2• International Equities 1.3• Segregated/Mutual Funds 9.7• Other Net Assets (Liabilities) 0.4

How risky is it?


low low to moderate


high

11


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













12

Quick FactsDate Fund Created: April 2015 Managed by: Empire Life Investments Inc. Total Fund Value: $4.8 Million Fund Portfolio Turnover Rate: 7.43%

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


L April 2015 $1,000 initial, $50 per fund 75/100 2.24% $10.32 236,041

M April 2015 $1,000 initial, $50 per fund 100/100 2.22% $10.32 68,121





Fund Facts

Empire Life Monthly Income GIF



What does the fund invest in?This segregated fund invests primarily in a balance of income oriented Canadian equity and fixed income securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Monthly Income mutual fund.

TOP 10 INVESTMENTS OF THE SECONDARY FUND† %

Cash and Cash Equivalents 5.2

Royal Bank of Canada 0.450% Jan 3, 2017 5.1


Bank of Nova Scotia 3.3



Toronto-Dominion Bank 2.7

Suncor Energy Inc. 2.2

TransCanada Corp. 2.2

Canadian National Railway Co. 2.0

Total 32.4

Total Investments: 167†Proportion of total secondary fund value

Investment Segmentation for the secondary fund (%)

• Cash and Cash Equivalents 5.2• Equities 50.4 • Fixed Income 45.2• Short Term 5.1• Other Net Assets (Liabilities) -5.9

How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking growth and income with reduced volatility through investments in both equity and fixed income securities and is willing to accept a low to moderate level of risk.


Average Return A person who invested $1,000 on April 20, 2015 has $1,032 on December 31, 2016. This works out to an average of 1.86% a year.



0%

5%

10%

15%

2016

6.7%

13


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













14

Quick FactsDate Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $576.3 Million Fund Portfolio Turnover Rate: 96.36%

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT

MATURITY/DEATH BENEFIT

GUARANTEE


(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life Balanced GIF



What does the fund invest in?This segregated fund primarily invests in a diversified mix of primarily Canadian equity and fixed income securities.


Empire Life American Value Fund - Class F 13.8




Government of Canada 0.500% Nov 1, 2018 1.9


Bank of Montreal 1.8


Canadian National Railway Company 1.7

Canada Housing Trust 2.350% Dec 15, 2018 1.6

Total 31.6



• Cash and Cash Equivalents 0.1• Short Term 1.6 • Canadian Bonds 42.8 • U.S. Bonds 2.4• Canadian Equities 34.1• U.S. Equities 3.0• International Equities 1.9• Segregated/Mutual Funds 13.8• Other Net Assets (Liabilities) 0.3

How risky is it?


low low to moderate


high

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.




0%

5%

10%

20162015

0.5%

4.9%


15


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













16

Fund Facts

Empire Life Dividend Balanced GIF



Quick FactsDate Fund Created: July 2010 Managed by: Empire Life Investments Inc. Total Fund Value: $689.9 Million Fund Portfolio Turnover Rate: 5.36%

FUNDCLASS

FUND CLASSCREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








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 80% Dividend Fund and 20% Bond Fund.

TOP INVESTMENTS† %

Empire Life Dividend Growth Fund Class F 81.8

Empire Life Bond Fund Class F 17.0


Total 99.7



• Cash and Cash Equivalents 0.2• Short Term 0.9 • Segregated/Mutual Funds 98.8• Other Net Assets (Liabilities) 0.1

How risky is it?


.

low low to moderate


high



Average ReturnA person who invested $1,000 on November 3, 2014 has $1,123 on December 31, 2016. This works out to an average of 5.50% a year.



-5%

0%

5%

10%

15%

20162015

-1.7%

13.5%

17


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













18

Quick FactsDate Fund Created: May 1994 Managed by: Empire Life Investments Inc. Total Fund Value: $1,095.0 Million Fund Portfolio Turnover Rate: 92.76%

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

K April 2015 $1,000 initial, $50 per fund 75/75 2.48% $10.51 1,931,603


M November 2014 $1,000 initial, $50 per fund 100/100 2.41% $11.47 3,127,882





Fund Facts

Empire Life Asset Allocation GIF



What does the fund invest in?This segregated fund primarily invests in a diversified mix of Canadian equity and fixed income securities.


Farm Credit Corporation 0.480% Jan 3, 2017 3.7



Province of British Columbia 0.681% Feb 22, 2017 2.0

Constellation Software Inc. 1.8

Province of Alberta 0.622% Jan 17, 2017 1.7





Total 20.0



• Short Term 12.9 • Canadian Bonds 23.5 • U.S. Bonds 1.1• Canadian Equities 31.5• U.S. Equities 20.6• International. Equities 9.3• Other Net Assets (Liabilities) 1.1

How risky is it?


low low to moderate


high





0%

5%

10%

15%

20162015

8.0%

2.9%


19


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













20


FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life Global Asset Allocation GIF



What does the fund invest in?This fund invests primarily in a diversified mix of global equity and North American fixed income securities.


How risky is it?


low low to moderate


high

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 corporate debt and is willing to accept a low to moderate

level of risk.





21


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













22

Quick FactsDate Fund Created: January 1998 Managed by: Empire Life Investments Inc. Total Fund Value: $1,717.3 Million Fund Portfolio Turnover Rate: 95.80%

FUNDCLASS

FUND CLASS CREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING







* The MER is estimated as the fund class is less than 12 months old.

Fund Facts

Empire Life Dividend Growth GIF



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† %Toronto-Dominion Bank 5.8



PrairieSky Royalty Limited 3.5

Manulife Financial Corporation 3.1

Wells Fargo & Company 3.1


Enbridge Inc. 2.7

Shaw Communications Inc. ‘B’ 2.7

Cenovus Energy Inc. 2.5

Total 35.7



• Cash and Cash Equivalents 0.1 • Short Term 2.1• Canadian Equities 76.2 • U.S. Equities 10.6• International Equities 10.7• Other Net Assets (Liabilities) 0.3

How risky is it?


low low to moderate


high

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 moderate level of risk.




-5%

0%

5%

10%

15%

20%

20162015

-2.3%

16.6%


23


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













24

Fund Facts

Empire Life Canadian Equity GIF



Quick FactsDate Fund Created: October 2005 Managed by: Empire Life Investments Inc. Total Fund Value: $318.1 Million Fund Portfolio Turnover Rate: 23.25%

FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING


L November 2014 $1,000 initial, $50 per fund 75/100 2.50% $11.64 745,667






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 5.0

Toronto Dominion Bank 4.9





CGI Group Inc. ‘A’ 3.5

PrairieSky Royalty Limited 2.9


Intact Financial Corporation 2.8

Total 39.7



• Short Term 2.9

• Canadian Equities 89.2

• U.S. Equities 5.7

• International Equities 1.9

• Other Net Assets (Liabilities) 0.3

How risky is it?


low low to moderate


high

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 moderate level of risk.


Average returns A person who invested $1,000 on November 3, 2014 has $1,173 on December 31, 2016. This works out to an average of 7.65% a year.


-5%

0%

5%

10%

15%

20%

20162015

-1.1%

15.2%


25


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













26

Fund Facts

Empire Life Elite Equity GIF



Quick FactsDate Fund Created: December 1969 Managed by: Empire Life Investments Inc. Total Fund Value: $979.2 Million Fund Portfolio Turnover Rate: 24.03%

FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund primarily invests in Canadian large market capitalization stocks, with some exposure to foreign securities.


American Value Fund Class F 25.9








CGI Group Inc. ‘A’ 2.4


Total 55.6



• Cash and Cash Equivalents 0.1• Canadian Equities 62.8 • U.S. Equities 5.8• International Equities 3.7• Segregated Funds/Mutual Funds 25.9• Other Net Assets (Liabilities) 0.2• Short Term 1.5

How risky is it?


low low to moderate


high

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 moderate level of risk.




0%

10%

20%

20162015

3.8%

10.2%


27


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













28


FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life Small Cap Equity GIF



What does the fund invest in?This segregated fund primarily invests in Canadian small to mid market capitalization stocks.


The Descartes Systems Group Inc. 3.4

Lundin Mining Corporation 3.1

EnerCare Inc. 2.9

Chartwell Retirement Residences 2.9

CAE Inc. 2.9

AGT Food & Ingredients Inc. 2.8

FirstService Corporation 2.7

Freehold Royalties Limited 2.7

Interfor Corporation 2.6

CT Real Estate Investment Trust 2.4

Total 28.4



• Cash and Cash Equivalents 0.3 • Canadian Equities 93.5• Short Term 1.3• Other Net Assets (Liabilities) 0.1• U. S. Equities 4.8

How risky is it?


low low to moderate


high

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.


Average ReturnA person who invested $1,000 on November 3, 2014 has $1,137 on December 31, 2016. This works out to an average of 6.12% a year.


-5%

0%

5%

10%

15%

20%

20162015

-1.0%

14.5%


29


05/18


1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













30

Fund Facts

Empire Life American Value GIF




FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund primarily invests in U.S. mid to large market capitalization stocks.


Wells Fargo & Company 4.9

JPMorgan Chase & Company 4.3

Comcast Corporation ‘A’ 3.9

MasterCard Inc. ‘A’ 3.0

Marsh & McLennan Companies Inc. 2.9

Union Pacific Corporation 2.9

Microsoft Corporation 2.8

Alphabet Inc. ‘C’ 2.7

BlackRock Inc. 2.7

Visa Inc. ‘A’ 2.7

Total 32.8



• Cash and Cash Equivalents 0.1 • Short Term 1.6• Canadian Equities 1.2 • U.S. Equities 89.9• International Equities 4.1• Other Net Assets (Liabilities) 3.1

How risky is it?


low low to moderate


high

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.




0 %

10 %

20 %

20162015

13.3%

6.1%


31


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After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













32

Quick FactsDate Fund Created: February 1989 Managed by: Empire Life Investments Inc. Total Fund Value: $96.5 Million Fund Portfolio Turnover Rate: 121.37%

FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life Global Equity GIF



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.


First Republic Bank 2.3

AT&T Inc. 2.2

Core Laboratories NV 2.1

Valero Energy Corporation 2.1

The Walt Disney Company 2.1

Intesa Sanpaolo SpA 2.1

Fiserv Inc. 2.0

Spirit Airlines Inc. 2.0

Public Storage 2.0

Honeywell International Inc. 2.0

Total 20.9



• Canadian Equities 1.7• Short Term 1.6 • U.S. Equities 53.8• International Equities 44.1• Other Net Assets (Liabilities) (1.2)

How risky is it?


low low to moderate


high

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.




-5%

0%

5%

10%

15%

20%

20162015

12.5%

-1.5%


33


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After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













34

Quick FactsDate Fund Created: June 2003 Managed by: Empire Life Investments Inc. Total Fund Value: $123.3 Million Fund Portfolio Turnover Rate: 48.55%

FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life International Equity GIF



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.


Prudential PLC 2.5

ASML Holding NV 2.5

KBC Group NV 2.4

Statoil ASA 2.4

WPP PLC 2.4

Sekisui House Limited 2.3

Danske Bank AS 2.3

Swiss Re AG 2.3

Intesa Sanpaolo SpA 2.2

Central Japan Railway Company 2.2

Total 23.5



• Cash and Cash Equivalents 0.1• Short Term 0.8 • U.S. Equities 1.5• International Equities 98.0• Other Net Assets (Liabilities) (0.4)

How risky is it?


low low to moderate


high

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.




-10%

-4%

2%

8%

14%

20%

20162015

16.4%

-8.5%


35


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After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













36

Quick FactsDate Fund Created: October 2005 Managed by: Empire Life Investments Inc. Total Fund Value: $24.8 Million Fund Portfolio Turnover Rate:31.74%

FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








Fund Facts

Empire Life Global Smaller Companies GIF



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.


MSCI Inc. ‘A’ 2.5

Diploma PLC 2.5

First Republic Bank 2.4

Casey’s General Stores Inc. 2.3

Henry Schein Inc. 2.3

Orpea 2.3

Addtech AB ‘B’ 2.3

Jack Henry & Associates Inc. 2.3

Air Water Inc. 2.3

Lawson Inc. 2.3

Total 23.5

Total Investments: 50 †Proportion of total fund value


• Cash and Cash Equivalents 0.3• Canadian Equities 7.9 • U.S. Equities 45.1 • International Equities 46.6• Other Net Assets (Liabilities) 0.1

How risky is it?


low low to moderate


high

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.


While this fund has been in existence since October 2005, fund classes K, L, M, U, V and W have been in existence for less than one year. The performance for fund classes K, L, M, U, V and W will be reported once those fund classes have been in existence for more than one year.

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, 2006 has $1,160 on December 31, 2016. This works out to an average of 1.49% a year.



-40%

-20%

0%

20%

40%

2016201520142013201220112010200920082007

-38.5%

16.2% 13.6%-8.9% -19.8% 2.5%

13.0%

27.7%

5.8%

24.8%

37


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













38

Fund Facts

Empire Life Emblem Diversified Income Portfolio GIF



Quick FactsDate Fund Created: November 2014 Managed by: Empire Life Investments Inc. Total Fund Value: $31.1 Million Fund Portfolio Turnover Rate: 14.23%

FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund invests in a mix of fixed income and equity securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Emblem Diversified Income Portfolio mutual fund.








Toronto Dominion Bank 2.171% Apr 2, 2018 1.5

Bank of Montreal 1.610% Oct 28, 2021 1.4


Manitoba Telecom Services Inc. 4.000% May 27, 2024 1.3

Total 22.7



• Fixed Income 70.4 • Equities 26.1 • Cash and Cash Equivalents 2.1• Other Net Assets (Liabilities) 1.4

How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking current income and some long-term capital growth with reduced volatility through a diversified portfolio of fixed income and equity securities and is willing to accept a low level of risk.





0%

5%

10%

20162015

1.9% 1.7%

39


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













40

Fund Facts

Empire Life Emblem Conservative Portfolio GIF




FUNDCLASS

FUND CLASSCREATED

MINIMUM INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund invests in a mix of Canadian fixed income and equity securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Emblem Conservative Portfolio mutual fund.












Total 25.3



• Fixed Income 57.0 • Equities 37.3 • Short Term 3.2• Other Net Assets (Liabilities) 2.1• Cash and Cash Equivalents 0.4

How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with income with reduced volatility through a diversified portfolio of fixed income and equity securities and is willing to accept a low level of risk.





0%

5%

10%

20162015

1.4%2.3%

41


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













42

Fund Facts

Empire Life Emblem Balanced Portfolio GIF




FUNDCLASS

FUND CLASSCREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING

K April 2015 $1,000 initial, $50 per fund 75/75 2.37% $10.18 1,315,817







What does the fund invest in?This segregated fund invests in a mix of Canadian fixed income and equity securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Emblem Balanced Portfolio mutual fund.












Total 25.0



• Equities 48.7• Fixed Income 46.6 • Short Term 3.6• Other Net Assets (Liabilities) 0.8• Cash and Cash Equivalents 0.3

How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with reduced volatility through a diversified portfolio of equity and fixed income securities and is willing to accept a low to moderate level of risk.


The following information shows how fund class L 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.




0%

5%

10%

20162015

1.9%

4.1%

43


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













44

Fund Facts

Empire Life Emblem Moderate Growth Portfolio GIF




FUNDCLASS

FUND CLASSCREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund invests in a mix of Canadian equity and fixed income securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Emblem Moderate Growth Portfolio mutual fund.











PrairieSky Royalty Ltd. 1.6

Total 25.4



• Equities 66.9• Fixed Income 29.1• Short Term 4.4• Cash and Cash Equivalents 0.1• Other Net Assets (Liabilities) -0.5

How risky is it?


low low to moderate


high







0%

5%

10%

15%

20162015

1.9%

6.8%

45


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













46

Fund Facts

Empire Life Emblem Growth Portfolio GIF




FUNDCLASS

FUND CLASSCREATED

MINIMUMINVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund invests in a mix of Canadian equity and fixed income securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Emblem Growth Portfolio mutual fund.











Brookfield Asset Management Inc. ‘A’ 1.8Total 27.3



• Equities 83.1• Fixed Income 12.9• Short Term 4.6 • Cash and Cash Equivalents 0.5• Other Net Assets (Liabilities) -1.1

How risky is it?


low low to moderate


high







0%

5%

10%

15%

20162015

2.1%

9.5%

47


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

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48

Fund Facts

Empire Life Emblem Aggressive Growth Portfolio GIF




CLASSFUND CLASS

CREATEDMINIMUM

INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This segregated fund invests primarily in Canadian equity securities. The fund invests either directly or through one or more secondary funds. The fund currently invests most of its assets in units of the Empire Life Emblem Aggressive Growth Portfolio mutual fund.



Royal Bank of Canada 0.450% Jan 3, 2017 4.0









Total 30.3



• Equities 96.4• Cash and Cash Equivalents 4.5• Short Term 4.0• Other Net Assets (Liabilities) -4.9

How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with reduced volatility through a diversified portfolio of equity securities and is willing to accept a moderate level of risk.






0%

5%

10%

15%

20162015

1.6%

11.3%

49


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













50

Fund Facts

Empire Life Emblem Global Conservative Portfolio GIF




CLASSFUND CLASS

CREATEDMINIMUM

INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This fund invests primarily in a mix of North American fixed income and global equity securities.


How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with income and reduced volatility through a globally diversified portfolio of fixed income and equity securities and

is willing to accept a low to moderate level of risk.





51


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













52

Fund Facts

Empire Life Emblem Global Balanced Portfolio GIF




CLASSFUND CLASS

CREATEDMINIMUM

INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This fund invests primarily in a mix of global equity and North American fixed income securities.


How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with income and reduced volatility through a globally diversified portfolio of equity and fixed income securities and






53


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













54

Fund Facts

Empire Life Emblem Global Moderate Growth Portfolio GIF




CLASSFUND CLASS

CREATEDMINIMUM

INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This fund invests primarily in a mix of global equity and North American fixed income securities.


How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with income and reduced volatility through a globally diversified portfolio of equity and fixed income securities and






55


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













56

Fund Facts

Empire Life Emblem Global Aggressive Growth Portfolio GIF




CLASSFUND CLASS

CREATEDMINIMUM

INVESTMENT



(MER)

NET ASSET VALUE

PER UNITUNITS

OUTSTANDING








What does the fund invest in?This fund invests primarily in global equity securities.


How risky is it?


low low to moderate


high

Who is this fund for?This fund may be right for a person seeking long-term capital growth with reduced volatility through a globally diversified portfolio of equity securities and is willing to

accept a moderate level of risk.





57


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1. Sales Charges



















After 7 years 0.0





After 3 years 0.0





4. Other Fees

FEE WHAT YOU PAY













Insurance & Investments – Simple. Fast. Easy.®

www.empire.ca [email protected]

INV-941-EN-05/18

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 Based on general fund and segregated fund assets in Canada as at December 31, 2016 as reported in regulatory filings2 As at June 1, 2017. 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. ™ Trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company.

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