Sun Life Assurance Company of Canada

Transcription

1 Including SunWise Elite Plus Fund Facts December 2014

2 Table of Content SunWise Elite CI American Value Core Bundle...1 SunWise Elite CI American Value Fund...3 SunWise Elite CI Cambridge American Equity Corporate...5 SunWise Elite CI Cambridge Balanced Bundle...7 SunWise Elite CI Cambridge Canadian Asset Allocation Corporate Fund...9 SunWise Elite CI Cambridge Canadian Equity Corporate Fund...11 SunWise Elite CI Cambridge Core Bundle...13 SunWise Elite CI Cambridge Core Canadian Equity Corporate Fund...15 SunWise Elite CI Cambridge Core Global Equity Corporate Fund...17 SunWise Elite CI Cambridge Global Equity Core Bundle...19 SunWise Elite CI Cambridge Global Equity Corporate Fund...21 SunWise Elite CI Cambridge Premier American Equity Corporate...23 SunWise Elite CI Canadian Investment Core Bundle...25 SunWise Elite CI Canadian Investment Fund...27 SunWise Elite CI Global Bond Fund...29 SunWise Elite CI Global Fund...31 SunWise Elite CI Global High Dividend Advantage Fund...33 SunWise Elite CI Global Value Fund...35 SunWise Elite CI Harbour Balanced Bundle...37 SunWise Elite CI Harbour Core Bundle...39 SunWise Elite CI Harbour Foreign Equity Corporate Fund...41 SunWise Elite CI Harbour Foreign Growth & Income Corporate Fund...43 SunWise Elite CI Harbour Fund...45 SunWise Elite CI Harbour Growth & Income Fund...47 SunWise Elite CI International Value Fund...49 SunWise Elite CI Money Market Fund...51 SunWise Elite CI PSS e100 Portfolio...53 SunWise Elite CI PSS i100 Portfolio...55 SunWise Elite CI PSS i20/e80 Portfolio...57 SunWise Elite CI PSS i30/e70 Portfolio...59 i-1

3 Table of Content (cont.) SunWise Elite CI PSS i40/e60 Portfolio...61 SunWise Elite CI PSS i50/e50 Portfolio...63 SunWise Elite CI PSS i60/e40 Portfolio...65 SunWise Elite CI PSS i70/e30 Portfolio...67 SunWise Elite CI PSS i80/e20 Portfolio...69 SunWise Elite CI Select Income Managed Fund...71 SunWise Elite CI Signature Canadian Balanced Fund...73 SunWise Elite CI Signature Canadian Bond Fund...75 SunWise Elite CI Signature Core Bundle...77 SunWise Elite CI Signature Corporate Bond Corporate Fund...79 SunWise Elite CI Signature Dividend Core Bundle...81 SunWise Elite CI Signature Dividend Fund...83 SunWise Elite CI Signature Global Income & Growth Fund...85 SunWise Elite CI Signature High Income Fund...87 SunWise Elite CI Signature Income & Growth Fund...89 SunWise Elite CI Signature Select Canadian Balanced Fund...91 SunWise Elite CI Signature Select Canadian Fund...93 SunWise Elite CI Signature Select Global Income & Growth Corporate Fund...95 SunWise Elite CI Synergy American Fund...97 SunWise Elite CI Synergy Canadian Core Bundle...99 SunWise Elite CI Synergy Canadian Fund SunWise Elite CI Synergy Global Corporate Fund SunWise Elite Dynamic Core Bundle SunWise Elite Dynamic Global Value Fund SunWise Elite Fidelity Canadian Asset Allocation Fund SunWise Elite Fidelity Disciplined Core Bundle SunWise Elite Fidelity Global Asset Allocation Fund SunWise Elite Fidelity NorthStar Core Bundle SunWise Elite Fidelity NorthStar Fund SunWise Elite Fidelity True North Core Bundle i-2

4 Table of Content (cont.) SunWise Elite Fidelity True North Fund SunWise Elite Fidelity U.S. Focused Stock Fund SunWise Elite Franklin Templeton Bissett Canadian Equity Portfolio SunWise Elite Franklin Templeton Quotential Balanced Growth Portfolio SunWise Elite Franklin Templeton Quotential Balanced Income Portfolio SunWise Elite Franklin Templeton Quotential Diversified Equity Portfolio SunWise Elite Franklin Templeton Quotential Diversified Income Portfolio SunWise Elite Franklin Templeton Quotential Growth Portfolio SunWise Elite Franklin Templeton Quotential Maximum Growth Portfolio SunWise Elite Franklin Templeton Quotential Select Balanced Income Portfolio SunWise Elite Mackenzie Cundill Canadian Balanced Fund SunWise Elite Mackenzie Cundill Canadian Security Fund SunWise Elite Mackenzie Cundill Value Fund SunWise Elite Manulife Diversified Income Portfolio Fund SunWise Elite Manulife Global Opportunities Fund SunWise Elite Northwest Growth and Income Fund SunWise Elite Portfolio Series Balanced Fund SunWise Elite Portfolio Series Balanced Growth Fund SunWise Elite Portfolio Series Conservative Balanced Fund SunWise Elite Portfolio Series Conservative Fund SunWise Elite Portfolio Series Growth Fund SunWise Elite Portfolio Series Income Fund SunWise Elite Portfolio Series Maximum Growth Fund SunWise Elite Premier CI Signature Global Income & Growth Fund SunWise Elite RBC Canadian Dividend Core Bundle SunWise Elite RBC Canadian Dividend Fund SunWise Elite RBC O Shaughnessy International Equity Fund SunWise Elite TD Canadian Bond Fund i-3

5 SunWise Elite CI American Value Core Bundle Quick facts: Date Fund created: September 2011 Total value on December 31, 2014: $15,766,815 Managed by: CI Investments Inc. Portfolio turnover rate: 29.36% Management expense ratio (MER) Net asset value per unit Units outstanding A 3.95% $ ,576 B 3.45% $ ,646 C 3.06% $ ,650 Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs What does the Fund invest in? The Fund invests in the CI American Value Corporate and Signature Corporate Bond Corporate. The underlying funds are combined to hold about 70% in shares and 30% in bonds. Top holdings and allocations as of December 31, 2014 CI American Value Corporate Cash and Equivalents Apple Inc Microsoft Corp BlackRock Inc Boeing Co CVS Health Corp Oracle Corp UnitedHealth Group Inc CME Group Inc Danaher Corp Signature Corporate Bond Corporate Cash and Equivalents 0.44 Total Total number of investments: 3 US Equity Foreign Bonds Domestic Bonds 9.97 Cash and Equivalents 5.98 International Equity 3.36 Canadian Equity 0.03 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility are investing for the medium and/or long term. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in September 2011 would have $1, in December This works out to an average of 17.43% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past three years. In the past three years, the Fund was up in value three years. % How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 1

6 SunWise Elite CI American Value Core Bundle How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 3.95% 1.30% 0.60% 0.25% 0.30% B 3.45% 0.85% 0.65% 0.25% 0.30% C 3.06% 0.50% 0.70% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 2

7 SunWise Elite CI American Value Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $45,822,147 Managed by: Epoch Investment Partners, Inc. Portfolio turnover rate: 14.90% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 5.85% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Net asset value per unit Units outstanding A 4.67% $ ,188 B 4.10% $ ,354,084 C 3.55% $ ,031 What does the Fund invest in? The Fund invests in the CI American Value Corporate. The underlying fund invests mostly in U.S. shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents 6.02 Apple Inc 4.20 Microsoft Corp 3.42 BlackRock Inc 2.81 Boeing Co 2.63 CVS Health Corp 2.45 Oracle Corp 2.43 UnitedHealth Group Inc 2.30 CME Group Inc 2.26 Danaher Corp 2.21 Total Total number of investments: 57 US Equity Cash and Equivalents 6.02 International Equity 4.50 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core U.S. equity fund for their portfolios are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 3

8 SunWise Elite CI American Value Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.67% 1.85% 0.85% 0.25% 0.30% B 4.10% 1.35% 0.95% 0.25% 0.30% C 3.55% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 4

9 SunWise Elite CI Cambridge American Equity Corporate Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $4,241,574 Managed by: CI Global Investments Inc. Portfolio turnover rate: 0.76% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $ in December This works out to an average of -1.85% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Net asset value per unit Units outstanding A 4.68% $ ,535 B 4.09% $ ,592 C 3.50% $ ,689 What does the Fund invest in? The Fund invests in the Cambridge American Equity Corporate. The underlying fund invests mostly in U.S. shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents Avis Budget Group Inc 5.15 Signature Bank 4.08 Norfolk Southern Corp 3.99 Walgreens Boots Alliance Inc 3.96 Viacom Inc 3.90 First Republic Bank 3.88 Thomson Reuters Corp 3.50 Google Inc 3.43 CGI Group Inc 3.27 Total Total number of investments: 43 US Equity Cash and Equivalents Canadian Equity 6.84 International Equity 4.94 Income Trust Units 2.97 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in U.S. companies with growth potential are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 5

10 SunWise Elite CI Cambridge American Equity Corporate How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.68% 1.85% 0.85% 0.25% 0.30% B 4.09% 1.35% 0.95% 0.25% 0.30% C 3.50% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 6

11 SunWise Elite CI Cambridge Balanced Bundle Quick facts: Date Fund created: January 2010 Total value on December 31, 2014: $149,080,099 Managed by: CI Investments Inc. Portfolio turnover rate: 64.03% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in January 2010 would have $1, in December This works out to an average of 11.28% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past four years. In the past four years, the Fund was up in value four years. % Net asset value per unit How risky is it? Very low Low Low to moderate Units outstanding B 3.44% $ ,288,090 C 3.14% $ ,659,946 What does the Fund invest in? The Fund invests in the Cambridge Canadian Equity Corporate and Signature High Income Corporate. The underlying funds are combined to hold about 70% in shares and 30% in bonds. Top holdings and allocations as of December 31, 2014 Cambridge Canadian Equity Corporate Cash and Equivalents George Weston Ltd Tourmaline Oil Corp CGI Group Inc Precision Castparts Corp Adecco SA U.S. Bancorp Encana Corp Viacom Inc Intact Financial Corp Signature High Income Corporate Cash and Equivalents 0.06 Total Total number of investments: 3 Canadian Equity US Equity Foreign Bonds Cash and Equivalents International Equity 6.58 Domestic Bonds 2.63 Income Trust Units 2.56 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility are investing for the medium and/or long term. to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 7

12 SunWise Elite CI Cambridge Balanced Bundle How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit B 3.44% 0.85% 0.65% 0.25% 0.30% C 3.14% 0.50% 0.70% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 8

13 SunWise Elite CI Cambridge Canadian Asset Allocation Corporate Fund Quick facts: Date Fund created: March 2008 Total value on December 31, 2014: $202,841,787 Managed by: CI Global Investments Inc. and CI Investments Inc. Portfolio turnover rate: 8.73% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in March 2008 would have $1, in December This works out to an average of 5.74% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past six years. In the past six years, the Fund was up in value five years and down in value one year. % Net asset value per unit How risky is it? Very low Low Low to moderate Units outstanding A 3.90% $ ,068,443 B 3.44% $ ,011,863 C 3.16% $ ,940,270 What does the Fund invest in? The Fund invests in the Cambridge Canadian Asset Allocation Corporate. The underlying fund invests mostly in Canadian shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents Tourmaline Oil Corp 3.98 George Weston Ltd 3.82 U.S. Bancorp 3.44 Granite REIT 2.92 CGI Group Inc 2.91 Adecco SA 2.37 Encana Corp 2.33 Precision Castparts Corp 2.30 Franco-Nevada Corp 2.29 Total Total number of investments: 65 US Equity Cash and Equivalents Canadian Equity Income Trust Units 8.02 International Equity 7.48 Foreign Bonds 5.17 Domestic Bonds 4.33 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want active asset allocation among equity securities, fixed income securities, and cash are investing for the medium and/or long term. to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 9

14 SunWise Elite CI Cambridge Canadian Asset Allocation Corporate Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 3.90% 1.15% 0.60% 0.25% 0.30% B 3.44% 0.75% 0.65% 0.25% 0.30% C 3.16% 0.50% 0.70% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 10

15 SunWise Elite CI Cambridge Canadian Equity Corporate Fund Quick facts: Date Fund created: March 2008 Total value on December 31, 2014: $64,838,033 Managed by: CI Investments Inc. Portfolio turnover rate: 12.50% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in March 2008 would have $1, in December This works out to an average of 7.64% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past six years. In the past six years, the Fund was up in value five years and down in value one year. % Net asset value per unit Units outstanding A 4.56% $ ,134,343 B 4.06% $ ,232,037 C 3.55% $ ,797 What does the Fund invest in? The Fund invests in the Cambridge Canadian Equity Corporate. The underlying fund invests mostly in Canadian shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents George Weston Ltd 5.05 Tourmaline Oil Corp 4.63 CGI Group Inc 4.22 Precision Castparts Corp 3.75 Adecco SA 3.67 U.S. Bancorp 3.50 Encana Corp 3.25 Viacom Inc 3.22 Intact Financial Corp 3.09 Total Total number of investments: 41 Canadian Equity US Equity Cash and Equivalents International Equity 5.77 Income Trust Units 0.13 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core Canadian equity fund are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 11

16 SunWise Elite CI Cambridge Canadian Equity Corporate Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.56% 1.75% 0.85% 0.25% 0.30% B 4.06% 1.30% 0.95% 0.25% 0.30% C 3.55% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 12

17 SunWise Elite CI Cambridge Core Bundle Quick facts: Date Fund created: January 2010 Total value on December 31, 2014: $136,695,940 Managed by: CI Investments Inc. Portfolio turnover rate: 41.20% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in January 2010 would have $1, in December This works out to an average of 11.51% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past four years. In the past four years, the Fund was up in value three years and down in value one year. % Net asset value per unit How risky is it? Very low Low Low to moderate Units outstanding A 3.93% $ ,653,336 B 3.41% $ ,793,031 C 3.02% $ ,671,863 What does the Fund invest in? The Fund invests in the Cambridge Canadian Equity Corporate and Signature Corporate Bond Corporate. The underlying funds are combined to hold about 70% in shares and 30% in bonds. Top holdings and allocations as of December 31, 2014 Cambridge Canadian Equity Corporate Cash and Equivalents George Weston Ltd Tourmaline Oil Corp CGI Group Inc Precision Castparts Corp Adecco SA U.S. Bancorp Encana Corp Viacom Inc Intact Financial Corp Signature Corporate Bond Corporate Cash and Equivalents 0.49 Total Total number of investments: 3 Canadian Equity US Equity Cash and Equivalents Foreign Bonds Domestic Bonds 7.11 International Equity 4.70 Income Trust Units 0.10 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility are investing for the medium and/or long term. to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 13

18 SunWise Elite CI Cambridge Core Bundle How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 3.93% 1.30% 0.60% 0.25% 0.30% B 3.41% 0.85% 0.65% 0.25% 0.30% C 3.02% 0.50% 0.70% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 14

19 SunWise Elite CI Cambridge Core Canadian Equity Corporate Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $30,214,174 Managed by: CI Investments Inc. Portfolio turnover rate: 13.40% Management expense ratio (MER) Net asset value per unit Units outstanding A 4.53% $ ,489 B 4.03% $ ,320 C 3.53% $ ,458 Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs What does the Fund invest in? The Fund invests in the Cambridge Canadian Equity Corporate. The underlying fund invests mostly in Canadian shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents George Weston Ltd 5.05 Tourmaline Oil Corp 4.63 CGI Group Inc 4.22 Precision Castparts Corp 3.75 Adecco SA 3.67 U.S. Bancorp 3.50 Encana Corp 3.25 Viacom Inc 3.22 Intact Financial Corp 3.09 Total Total number of investments: 41 Canadian Equity US Equity Cash and Equivalents International Equity 5.77 Income Trust Units 0.13 How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 5.32% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core Canadian equity fund for their portfolios are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 15

20 SunWise Elite CI Cambridge Core Canadian Equity Corporate Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.53% 1.75% 0.85% 0.25% 0.30% B 4.03% 1.30% 0.95% 0.25% 0.30% C 3.53% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 16

21 SunWise Elite CI Cambridge Core Global Equity Corporate Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $25,469,218 Managed by: CI Global Investments Inc. and CI Investments Inc. Portfolio turnover rate: 7.53% Management expense ratio (MER) Net asset value per unit Units outstanding A 4.67% $ ,296 B 4.09% $ ,045,881 C 3.54% $ ,362 Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs What does the Fund invest in? The Fund invests in the Cambridge Global Equity Corporate. The underlying fund invests mostly in shares of firms from around the world. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents Tourmaline Oil Corp 3.69 Goldman Sachs Group Inc 3.12 SunTrust Banks Inc 2.70 Lions Gate Entertainment Corp 2.58 Google Inc 2.56 Jones Lang LaSalle Inc 2.41 Cullen/Frost Bankers Inc 2.27 PPG Industries Inc M Co 2.12 Total Total number of investments: 84 US Equity International Equity Cash and Equivalents Canadian Equity How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 1.81% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core foreign equity fund for their portfolios are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 17

22 SunWise Elite CI Cambridge Core Global Equity Corporate Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.67% 1.85% 0.85% 0.25% 0.30% B 4.09% 1.35% 0.95% 0.25% 0.30% C 3.54% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 18

23 SunWise Elite CI Cambridge Global Equity Core Bundle Quick facts: Date Fund created: September 2011 Total value on December 31, 2014: $47,693,952 Managed by: CI Investments Inc. Portfolio turnover rate: 21.94% Management expense ratio (MER) Net asset value per unit Units outstanding A 3.94% $ ,430 B 3.43% $ ,689,782 C 3.05% $ ,841 Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs What does the Fund invest in? The Fund invests in the Cambridge Global Equity Corporate and Signature Corporate Bond Corporate. The underlying funds are combined to hold about 70% in shares and 30% in bonds. Top holdings and allocations as of December 31, 2014 Cambridge Global Equity Corporate Cash and Equivalents Tourmaline Oil Corp Goldman Sachs Group Inc SunTrust Banks Inc Lions Gate Entertainment Corp Google Inc Jones Lang LaSalle Inc Cullen/Frost Bankers Inc PPG Industries Inc 3M Co Signature Corporate Bond Corporate Cash and Equivalents 0.56 Total Total number of investments: 3 US Equity International Equity Foreign Bonds Cash and Equivalents Canadian Equity 8.83 Domestic Bonds 8.71 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility are investing for the medium and/or long term. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in September 2011 would have $1, in December This works out to an average of 15.07% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past three years. In the past three years, the Fund was up in value three years. % How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 19

24 SunWise Elite CI Cambridge Global Equity Core Bundle How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 3.94% 1.30% 0.60% 0.25% 0.30% B 3.43% 0.85% 0.65% 0.25% 0.30% C 3.05% 0.50% 0.70% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 20

25 SunWise Elite CI Cambridge Global Equity Corporate Fund Quick facts: Date Fund created: March 2008 Total value on December 31, 2014: $68,269,524 Managed by: CI Global Investments Inc. and CI Investments Inc. Portfolio turnover rate: 12.29% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in March 2008 would have $1, in December This works out to an average of 6.62% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past six years. In the past six years, the Fund was up in value five years and down in value one year. % Net asset value per unit Units outstanding A 4.65% $ ,329 B 4.08% $ ,851,642 C 3.53% $ ,318 What does the Fund invest in? The Fund invests in the Cambridge Global Equity Corporate. The underlying fund invests mostly in shares of firms from around the world. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents Tourmaline Oil Corp 3.69 Goldman Sachs Group Inc 3.12 SunTrust Banks Inc 2.70 Lions Gate Entertainment Corp 2.58 Google Inc 2.56 Jones Lang LaSalle Inc 2.41 Cullen/Frost Bankers Inc 2.27 PPG Industries Inc M Co 2.12 Total Total number of investments: 84 US Equity International Equity Cash and Equivalents Canadian Equity Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core foreign equity fund are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 21

26 SunWise Elite CI Cambridge Global Equity Corporate Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.65% 1.85% 0.85% 0.25% 0.30% B 4.08% 1.35% 0.95% 0.25% 0.30% C 3.53% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 22

27 SunWise Elite CI Cambridge Premier American Equity Corporate Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $26,532,973 Managed by: CI Global Investments Inc. Portfolio turnover rate: 1.07% Management expense ratio (MER) Net asset value per unit Units outstanding A 4.86% $ ,847 B 4.28% $ ,364 C 3.73% $ ,643 Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs What does the Fund invest in? The Fund invests in the Cambridge American Equity Corporate. The underlying fund invests mostly in U.S. shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents Avis Budget Group Inc 5.15 Signature Bank 4.08 Norfolk Southern Corp 3.99 Walgreens Boots Alliance Inc 3.96 Viacom Inc 3.90 First Republic Bank 3.88 Thomson Reuters Corp 3.50 Google Inc 3.43 CGI Group Inc 3.27 Total Total number of investments: 43 US Equity Cash and Equivalents Canadian Equity 6.84 International Equity 4.94 Income Trust Units 2.97 How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $2, in December This works out to an average of 8.27% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value seven years and down in value two years. % Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in U.S. companies with growth potential are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 23

28 SunWise Elite CI Cambridge Premier American Equity Corporate How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.86% 1.85% 0.85% 0.25% 0.30% B 4.28% 1.35% 0.95% 0.25% 0.30% C 3.73% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 24

29 SunWise Elite CI Canadian Investment Core Bundle Quick facts: Date Fund created: September 2011 Total value on December 31, 2014: $14,572,653 Managed by: CI Investments Inc. Portfolio turnover rate: 46.72% Management expense ratio (MER) Net asset value per unit Units outstanding A 3.87% $ ,765 B 3.40% $ ,465 C 3.04% $ ,097 Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs What does the Fund invest in? The Fund invests in the CI Canadian Investment Corporate and Signature Corporate Bond Corporate. The underlying funds are combined to hold about 70% in shares and 30% in bonds. Top holdings and allocations as of December 31, 2014 CI Canadian Investment Corporate Toronto-Dominion Bank Cash and Equivalents Royal Bank of Canada Manulife Financial Corp Suncor Energy Inc Bank of Nova Scotia Canadian Imperial Bank of Commerce Canadian Natural Resources Ltd Tourmaline Oil Corp Air Canada Signature Corporate Bond Corporate Cash and Equivalents 0.20 Total Total number of investments: 3 Canadian Equity US Equity Foreign Bonds Domestic Bonds International Equity 7.56 Cash and Equivalents 4.37 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility are investing for the medium and/or long term. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in September 2011 would have $1, in December This works out to an average of 9.49% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past three years. In the past three years, the Fund was up in value three years. % How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 25

30 SunWise Elite CI Canadian Investment Core Bundle How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 3.87% 1.30% 0.60% 0.25% 0.30% B 3.40% 0.85% 0.65% 0.25% 0.30% C 3.04% 0.50% 0.70% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 26

31 SunWise Elite CI Canadian Investment Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $188,281,007 Managed by: Tetrem Capital Management Ltd. and Altrinsic Global Advisors, LLC Portfolio turnover rate: 1.05% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 4.53% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value seven years and down in value two years. % Net asset value per unit Units outstanding A 4.53% $ ,769,641 B 4.02% $ ,734,234 C 3.53% $ ,546,557 What does the Fund invest in? The Fund invests in the CI Canadian Investment Corporate. The underlying fund invests mostly in Canadian shares. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Toronto-Dominion Bank 4.16 Cash and Equivalents 4.13 Royal Bank of Canada 4.09 Manulife Financial Corp 3.27 Suncor Energy Inc 3.00 Bank of Nova Scotia 2.98 Canadian Imperial Bank of Commerce 2.61 Canadian Natural Resources Ltd 2.44 Tourmaline Oil Corp 2.29 Air Canada 2.28 Total Total number of investments: 141 Canadian Equity US Equity International Equity Cash and Equivalents 4.13 Domestic Bonds 0.42 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core Canadian equity fund are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 27

32 SunWise Elite CI Canadian Investment Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.53% 1.75% 0.85% 0.25% 0.30% B 4.02% 1.30% 0.95% 0.25% 0.30% C 3.53% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 28

33 SunWise Elite CI Global Bond Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $9,800,188 Managed by: CI Investments Inc. Portfolio turnover rate: 4.69% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 3.65% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Net asset value per unit Units outstanding A 2.60% $ ,876 B 2.48% $ ,092 C 2.33% $ ,673 What does the Fund invest in? The Fund invests in the Signature Global Bond Fund. The underlying fund invests mostly in bonds from around the world. Top holdings and allocations of the Underlying Fund as of December 31, 2014 United States Treasury 3.13 % 15-May France Government Bond OAT 3.25 % 25-May Japan Government 1.50 % 20-Jun Cash and Equivalents 5.20 United States Treasury 2.00 % 31-Oct United States Treasury 1.25 % 30-Nov United States Treasury 0.13 % 15-Apr United States Treasury 1.63 % 15-Nov United Kingdom Government 1.75 % 22-Jul France Government Bond OAT 2.25 % 25-May Total Total number of investments: 77 Foreign Bonds Cash and Equivalents 5.20 Domestic Bonds 3.67 US Equity 2.16 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to receive income are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 29

34 SunWise Elite CI Global Bond Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.25% ISC: 0.50% Earnings Enhancement Benefit A 2.60% 0.50% 0.35% 0.25% 0.30% B 2.48% 0.40% 0.35% 0.25% 0.30% C 2.33% 0.30% 0.35% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 30

35 SunWise Elite CI Global Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $7,253,741 Managed by: CI Investments Inc. Portfolio turnover rate: 3.00% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 1.74% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Net asset value per unit Units outstanding A 4.67% $ ,200 B 4.11% $ ,269 C 3.55% $ ,552 What does the Fund invest in? The Fund invests in the CI Global Corporate. The underlying fund invests mostly in shares of firms from around the world. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents JPMorgan Chase & Co 3.09 UBS Group AG 3.05 Citigroup Inc 2.68 Alibaba Group Holding Ltd 2.55 The PNC Financial Services Group Inc 2.55 Wells Fargo & Co 2.32 Forest City Enterprises Inc 1.70 NXP Semiconductors NV 1.49 Qualcomm Inc 1.48 Total Total number of investments: 132 International Equity US Equity Cash and Equivalents Other 7.96 Canadian Equity 0.92 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want a core foreign equity fund are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 31

36 SunWise Elite CI Global Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.67% 1.85% 0.85% 0.25% 0.30% B 4.11% 1.35% 0.95% 0.25% 0.30% C 3.55% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 32

37 SunWise Elite CI Global High Dividend Advantage Fund Quick facts: Date Fund created: April 2007 Total value on December 31, 2014: $26,213,993 Managed by: CI Investments Inc. Portfolio turnover rate: 4.89% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in April 2007 would have $1, in December This works out to an average of 2.20% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past seven years. In the past seven years, the Fund was up in value six years and down in value one year. % Net asset value per unit Units outstanding A 4.78% $ ,340 B 4.22% $ ,222,105 C 3.67% $ ,409 What does the Fund invest in? The Fund invests in the CI Global High Dividend Advantage Corporate. The underlying fund invests mostly in shares from around the world. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Altria Group Inc 2.11 Imperial Tobacco Group PLC 1.96 BCE Inc 1.94 Lorillard Inc 1.88 Health Care REIT Inc 1.86 National Grid PLC 1.81 Vodafone Group PLC 1.81 SSE PLC 1.80 Duke Energy Corp 1.78 Ameren Corp 1.74 Total Total number of investments: 97 International Equity US Equity Canadian Equity 4.80 Income Trust Units 1.91 Cash and Equivalents 1.22 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in a diversified portfolio of high dividend-paying equity securities for conservative capital growth are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 33

38 SunWise Elite CI Global High Dividend Advantage Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.78% 1.85% 0.85% 0.25% 0.30% B 4.22% 1.35% 0.95% 0.25% 0.30% C 3.67% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 34

39 SunWise Elite CI Global Value Fund Quick facts: Date Fund created: October 2005 Total value on December 31, 2014: $5,832,709 Managed by: Altrinsic Global Advisors, LLC Portfolio turnover rate: 4.35% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in October 2005 would have $1, in December This works out to an average of 2.55% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past nine years. In the past nine years, the Fund was up in value six years and down in value three years. % Net asset value per unit Units outstanding A 4.68% $ ,288 B 4.13% $ ,544 C 3.55% $ ,768 What does the Fund invest in? The Fund invests in the CI Global Value Corporate. The underlying fund invests mostly in shares of firms from around the world. Top holdings and allocations of the Underlying Fund as of December 31, 2014 Cash and Equivalents 3.24 Intercontinental Exchange Inc 3.03 Exelon Corp 2.92 Wal-Mart Stores Inc 2.86 Mitsubishi UFJ Financial Group Inc 2.59 Time Warner Inc 2.49 Willis Group Holdings PLC 2.42 GlaxoSmithKline PLC 2.40 Tokio Marine Holdings Inc 2.30 Sanofi SA 2.26 Total Total number of investments: 78 International Equity US Equity Cash and Equivalents 3.24 Canadian Equity 1.02 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in foreign companies are investing for the medium and/or long term. How risky is it? Very low Low Low to moderate to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 35

40 SunWise Elite CI Global Value Fund How much does it cost? The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract. Sales charges Sales charge option What you pay How it works Initial Sales Charge (ISC) Up to 5% of the amount invested. You and your insurance advisor agree on the rate charged. The Initial Sales Charge is deducted from the amount you buy. It is paid as a commission. Deferred Sales Charge (DSC) If you sell within: Rate 1 year of buying 5.5 % 2 years of buying 5.0 % 3 years of buying 5.0 % 4 years of buying 4.0 % 5 years of buying 4.0 % 6 years of buying 3.0 % 7 years of buying 2.0 % After 7 years 0.0 % Ongoing Fund expenses The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract. MER (Annual rate as a % of the Fund's value) Annual insurance fee included in MER The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw. When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us. You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge. Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value. You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge. For details, please refer to the Information Folder and Contract. Guaranteed Minimum Withdrawal Benefit Fee (annual rate as a % of the Remaining GWB) Optional Riders 4% Annual Automatic Death Benefit Reset the Total Contract Value) Servicing commission We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract. Annual service fee rate DSC: 0.50% ISC: 1.00% Earnings Enhancement Benefit A 4.68% 1.85% 0.85% 0.25% 0.30% B 4.13% 1.35% 0.95% 0.25% 0.30% C 3.55% 0.85% 1.00% 0.25% 0.30% Other fees Fee Early withdrawal fee Change fee What you pay 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund. Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or. For details, please refer to the Information Folder and Contract. For more information This is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact: CI Investments Inc. on behalf of Sun Life Assurance Company of Canada 15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: service@ci.com 36

41 SunWise Elite CI Harbour Balanced Bundle Quick facts: Date Fund created: January 2010 Total value on December 31, 2014: $122,804,259 Managed by: CI Investments Inc. Portfolio turnover rate: 35.15% Management expense ratio (MER) Elite Elite Plus Minimum investment per Contract: No new Contracts No new Contracts Minimum investment additional purchases: No new puchases No new puchases Monthly minimum of pre-authorized chequing: No new PACs No new PACs If you invest more than $500,000 some of the fees you need to pay may be lowered. Ask your advisor or refer to the Information Folder and Contract for details. How has the Fund performed? Average return This section tells you how the Fund did in the past. A person who invested $1,000 in the C Fund in January 2010 would have $1, in December This works out to an average of 5.67% a year. The returns are after the MER has been deducted. The MER of the Segregated Fund includes insurance fees. The insurance fees and other costs will reduce the returns of the Fund. Past returns do not tell you how the Fund will do in the future. Your return will vary based on your guarantee option and personal tax situation. Year-by-year returns (%) This chart shows how the Fund has performed in each of the past four years. In the past four years, the Fund was up in value three years and down in value one year. % Net asset value per unit How risky is it? Very low Low Low to moderate Units outstanding B 3.41% $ ,249,381 C 3.04% $ ,062,072 What does the Fund invest in? The Fund invests in the Harbour Corporate and Signature High Income Corporate. The underlying funds are combined to hold about 70% in shares and 30% in bonds. Top holdings and allocations as of December 31, 2014 Harbour Corporate Cash and Equivalents Empire Co Ltd Intact Financial Corp Discover Financial Services George Weston Ltd Suncor Energy Inc Bank of Nova Scotia Cenovus Energy Inc Diageo PLC Apple Inc Signature High Income Corporate Cash and Equivalents 0.20 Total Total number of investments: 3 Canadian Equity US Equity Cash and Equivalents Foreign Bonds 8.85 International Equity 7.38 Domestic Bonds 2.90 Income Trust Units 1.58 Are there any guarantees? This Segregated Fund is being offered under an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the "Ongoing Fund expenses" section. For details, please refer to the Information Folder and Contract. Who is this Fund for? This Fund may be suitable for contractholders if they: want to invest in equity securities, with a small amount of exposure to income securities to mitigate short-term volatility are investing for the medium and/or long term. to high High The value of your investment can go down. For details, please refer to the Information Folder and Contract. 37