Helios2 Contract. Changes to the Fund selection FOR REPRESENTATIVES USE ONLY OCTOBER What s new! As of October 19, 2015.

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1 FOR REPRESENTATIVES USE ONLY OCTOBER 2015 Helios2 Contract Changes to the Fund selection What s new! As of October 19, 2015 New Funds Canadian Bond U.S. Monthly Income Fidelity Balanced Desjardins SocieTerra Global Balanced Jarislowsky Fraser Canadian Equity Jarislowsky Fraser Investment Solutions: new underlying fund and new allocation percentages in the Fixed Income Securities portion Desjardins Enhanced Bond Fund Note: The financial data in this document pertains to the underlying funds. Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company.

2 Table of Contents DSF Guaranteed Investment Funds New Funds Income Canadian Bond Balanced and Asset Allocation U.S. Monthly Income Fidelity... 6 Balanced Desjardins SocieTerra Global Balanced Jarislowsky Fraser Canadian Equity Canadian Equity Jarislowsky Fraser Investment Solutions Fixed-income Desjardins Enhanced Bond Fund important notice All amounts allocated to a DFS GIF are invested at the risk of the Contract Owner and may increase or decrease in value. The investment fund categories indicated in each Fund description are the categories established by the Canadian Investment Funds Standards Committee (CIFSC). Interest and dividend income are reinvested in the Funds, thereby helping to increase the Funds returns. Eligibility requirements for RRSPs and other Registered Plans of the DFS Guaranteed Investment Funds are established in accordance with current legislation. Past performance is no indication or guarantee of future results. There is no assurance that any Fund will achieve its investment objective. Each Fund s performance should be considered in light of the investment policy and objectives described in the Contract and Information Folder. Every effort has been made to ensure that the facts and data contained herein are accurate at the time of publication. However, Desjardins Insurance cannot guarantee that this information is accurate or complete or that it will be current at all times and accepts no responsibility for any loss arising from the use of or reliance on any information contained herein.

3 DFS Guaranteed Investment Funds Offered under the Helios2 Contract Maximum Growth Growth Balanced Moderate Conservative Small Cap Franklin Bissett Specialty Equity NEI Northwest Canadian Equity Fiera Capital International Equity Growth Desjardins Canadian Equity Franklin Bissett Return International Equity MFS 31 Canadian Equity Fidelity True North 30 Canadian Equity Jarislowsky Fraser 29 Global Equity MFS 28 Global Dividend Desjardins 26 American Equity Desjardins 25 American Equity MFS 24 Canadian Dividend NEI Northwest 23 Growth Franklin Quotential 22 Canadian Asset Allocation CI Cambridge 21 Global Growth NEI Select 20 Dividend Income Franklin Bissett 18 Growth and Income NEI Northwest 17 Income and Growth CI Signature 16 Canadian Balanced CI Signature Income 15 Balanced Growth Franklin Quotential Balanced and 14 Canadian Balanced Franklin Bissett Asset Allocation 13 Canadian Balanced Fiera Capital Canadian Equity 12 Global Balanced Jarislowsky Fraser Foreign Equity 10 Balanced Desjardins SocieTerra Investment Solutions U.S. Monthly Income Fidelity Canadian Balanced Fidelity Balanced Income Franklin Quotential Diversified Income Franklin Quotential Canadian Bond Income Fiera Capital Money Market Only these Funds are available with Helios2 75/100 GLWB New Risk 3

4 New Funds Income Canadian Bond Fund Manager Desjardins Global Asset Management DGIA Canadian Bond Asset Category Canadian Fixed Income Inception Date May 24, 2013 Inception Date Series 6 and 7: October 19, 2015 Desjardins Global Asset Management is a subsidiary of Desjardins Asset Management whose mission is to offer optimal investment solutions that will help its partners and clients reach their goals. The firm manages approximately $62.7 billion in assets as at December 31, 2014, chiefly through management mandates from other Desjardins Group entities. Desjardins Global Asset Management is known for its expertise in fixed-income investment management, adaptive index management for both traditional and alternative sectors, multi-management, and also for its creative and innovative investment product design. Series 6 Series 7 MER 1.75% 1.32% Helios2 75/100 i 0.35% 0.35% Helios2 75/100 GLWB 0.45% 0.45% Fund Numbers Helios2 75/75 Helios2 75/100 i Helios2 75/100 GLWB Series 6A S956A M956A G956A Series 6B (low-load sales charges) S956B M956B G956B Series 6C (deferred sales charges 7 years) S956C M956C G956C Series 7A S957A M957A G957A 4

5 Objective and strategy of the Fund To provide regular income and capital security by investing in a portfolio of fixed-income securities from the Canadian bond market. The Fund employs a fundamental investment approach targeting a consistent allocation of value added sources. The strategy seeks to add value through management of duration, yield curve and credit risk. Portfolio Manager Francis Scott Benchmark Index FTSE TMX Canada Bond Universe Fund Asset Allocation of 40.5% Corporate Bonds 30.9% Provincial Bonds 26.2% Federal Bonds 1.6% Cash and Cash Equivalents 0.8% Municipal Bonds Annual Compound Returns of 1 year 2 years 5 years 10 years Since inception 6.20% 6.18% N/A N/A N/A Returns are net of the underlying fund s management fees. Top Holdings of underlying fund as at June 30, 2015 Description % MLC NHA , May 1, C.I.B.C. CB, 2.65%, November 8, CANADA HOUSING TRUST , December 15, ONTARIO , June 2, CANADA HOUSING TRUST , June 15, CANADA HOUSING TRUST , December 15, ROYAL BANK OF CANADA , July 12, ONTARIO , June 2, ONTARIO , June 2, ONTARIO , June 2, Total Number of Holdings: 372 5

6 Balanced and Asset Allocation U.S. Monthly Income Fidelity Fund Manager Fidelity Investments Fidelity U.S. Monthly Income Fund Asset Category Global Neutral Balanced Inception Date November 7, 2012 Inception Date Series 6 and 7: October 19, 2015 Established in Canada in 1987, Fidelity Investments Canada is part of the Fidelity Investments organization of Boston, one of the world s largest providers of financial services. As at December 31, 2014, the firm managed over $97.0 billion in mutual fund and institutional assets, including assets on behalf of public and corporate pension plans, endowments, foundations and other corporate clients across Canada. Fidelity Investments Canada offers investors a full range of domestic, international and income-oriented mutual funds. Its clearly defined investment philosophy focuses on four major principles: individual security selection, extensive fundamental research, manager-driven decision making and adherence to proven investment disciplines. Series 6 Series 7 MER 2.93% 2.42% Helios2 75/100 i 0.70% 0.70% Helios2 75/100 GLWB N/A N/A Fund Numbers Helios2 75/75 Helios2 75/100 i Helios2 75/100 GLWB Series 6A S966A M966A N/A Series 6B (low-load sales charges) S966B M966B N/A Series 6C (deferred sales charges 7 years) S966C M966C N/A Series 7A S967A M967A N/A 6

7 Objective and strategy of the Fund To achieve a combination of a steady flow of income and the potential for capital gains by investing in a mix of U.S. income-producing securities. The Fund s neutral mix is 50% exposure to equity securities and 50% exposure to fixed-income securities. These securities may be U.S. securities or non-u.s. securities but at least 70% of the Fund s net assets will be invested in U.S. dollardenominated investments. Portfolio Manager Geoffrey Stein and David D. Wolf Composition of the indices Russell 3000 Value 40% FTSE NAREIT Equity REITs Index 7% Bank of America ML all US Convertibles 5% Bank of America ML High Yield Master II Constrained 12% JP Morgan EMBI Global Diversified 5% Barclays Capital US Aggregate Bond 31% Fund Asset Allocation of 49.80% Foreign Equities 29.28% Other Foreign Bonds 9.41% U.S. High Yield Bonds 3.97% Convertibles 3.68% Other US Bonds 3.38% Cash and Cash Equivalents 0.47% Canadian High Yield Bonds 0.03% Other Canadian Bonds 0.01% Canadian Equities Annual Compound Returns of 1 year 2 years 5 years 10 years Since inception 19.41% 17.50% N/A N/A N/A Returns are net of the underlying fund s management fees. Top Holdings of underlying fund as at June 30, 2015 Description % Johnson & Johnson 1.79 J. P. Morgan Chase 1.65 Chevron 1.54 General Electric 1.54 ishares Barclays 20+ Year Treasury Bond 1.39 Procter & Gamble 1.06 Williams Companies Inc Wells Fargo 1.00 Verizon Communications 0.90 United Parcel Service Inc Total Number of Holdings :

8 Balanced and Asset Allocation Balanced Desjardins SocieTerra Fund Manager Desjardins Funds SocieTerra Balanced Portfolio Asset Category Canadian Neutral Balanced Inception Date January 15, 2009 Inception Date Series 6 and 7: October 19, 2015 With Desjardins Funds, Desjardins puts its expertise in investment fund design to work for its members and clients, offering a family of investment products and solutions that investors can use to build a well diversified portfolio. With in-force business of more than $22 billion as at December 31, 2014, Desjardins is one of the top investment fund providers in Quebec. Desjardins Funds are divided into six categories and provide access to the expertise of national and international partners whose excellent results and management philosophy make them among the best in their field. Series 6 Series 7 MER 2.74% 2.30% Helios2 75/100 i 0.65% 0.65% Helios2 75/100 GLWB 1.10% 1.10% Fund Numbers Helios2 75/75 Helios2 75/100 i Helios2 75/100 GLWB Series 6A S976A M976A G976A Series 6B (low-load sales charges) S976B M976B G976B Series 6C (deferred sales charges 7 years) S976C M976C G976C Series 7A S977A M977A G977A 8

9 Objective and strategy of the Fund To achieve a balance between long-term capital appreciation and income by investing primarily in Canadian, and to a lesser extent, foreign equity and fixed-income securities and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income securities. The fund follows a socially responsible approach to investing. Portfolio Manager Multimanager Composition of the indices S&P/TSX 14% MSCI World 31% FTSE TMX Canada Universe Bond Index 55% Fund Asset Allocation of Canadian Bonds 20.7% Corporate Bonds 18.4% Provincial Bonds 11.1% Federal Bonds 15.0% Foreign Equities 14.7% U.S. Equities 12.8% Canadian Equities 4.3% Mortgage-Backed Securities 3.0% Cash and Cash Equivalents Annual Compound Returns of 1 year 3 years 5 years 10 years Since inception 4.53% 7.17% 6.46% N/A 7.24% Returns are net of the underlying fund s management fees. Top Holdings of underlying fund as at June 30, 2015 Description % Province of Ontario, 5.85%, March 8, Province of Ontario, 2.60%, June 2, NHA MBS of Merrill Lynch, 1.35%, May 1, Government of Canada, 5.75%, June 1, Canada Housing Trust, 2.40%, December 15, Canada Housing Trust, 3.15%, September 15, Province of Québec, 3.50%, December 1, NHA MBS of Merrill Lynch, 2.05%, December 1, Canada Housing Trust, 3.35%, December 15, Bank of Montreal, 3.21%, September 13, Total Number of Holdings: 396 9

10 Balanced and Asset Allocation Global Balanced Jarislowsky Fraser Fund Manager Jarislowsky Fraser Jarislowsky Fraser Global Balanced Fund Asset Category Global Neutral Balanced Inception Date September 30, 2001 Inception Date Series 6 and 7: October 19, 2015 Founded in 1955, Jarislowsky Fraser is a registered investment counselling firm managing assets of $36.3 billion as at December 31, 2014, on behalf of retirement plans and foundations. Based in Montreal, the firm distinguishes itself through its emphasis on fundamental investment research, which concentrates on identifying companies with sustainable earnings growth, strong management and a sound balance sheet. Highlights: Conservative investment philosophy Diversified, high-quality portfolios designed to preserve the real purchasing power of its clients funds with minimal risk and achieve long-term growth Low risk approach toward the management of both equities and fixed-income investments Series 6 Series 7 MER 2.59% 2.24% Helios2 75/100 i 0.65% 0.65% Helios2 75/100 GLWB 1.10% 1.10% Fund Numbers Helios2 75/75 Helios2 75/100 i Helios2 75/100 GLWB Series 6A S206A M206A G206A Series 6B (low-load sales charges) S206B M206B G206B Series 6C (deferred sales charges 7 years) S206C M206C G206C Series 7A S207A M207A G207A 10

11 Objective and strategy of the Fund To provide investors with an opportunity to achieve a high rate of return by investing in a diversified portfolio consisting of a balance of equity and fixed-income securities of issuers located throughout the world. Portfolio Manager Multimanager Composition of the indices FTSE TMX Canada 91-day Treasury Bills 6% FTSE TMX Canada Bond Universe 40% S&P/TSX 22% S&P % MSCI EAFE Net (CAD) 16% Fund Asset Allocation of 32.6% Canadian Bonds 23.1% American Equities 20.5% International Equities 19.8% Canadian Equities 4.0% Cash and Cash Equivalents Annual Compound Returns of 1 year 3 years 5 years 10 years Since inception % 14.25% 11.84% 6.89% N/A Returns are net of the underlying fund s management fees. Top Holdings of underlying fund as at June 30, 2015 Description % Jarislowsky Fraser International Pooled Fund Toronto-Dominion Bank 1.59 Jarislowsky Fraser Special Equity Fund 1.53 Government of Canada, 3.50%, December 1, Royal Bank of Canada 1.34 Scotiabank 1.26 Jarislowsky Fraser Special Bond Fund 1.16 Province of Ontario, 2.85%, June 2, Microsoft Corporation 0.98 Fiserv 0.95 Total Number of Holdings:

12 Canadian Equity Canadian Equity Jarislowsky Fraser Fund Manager Jarislowsky Fraser Jarislowsky Fraser Canadian Equity Fund Asset Category Canadian Equity Inception Date April 1, 1997 Inception Date Series 6 and 7: October 19, 2015 Founded in 1955, Jarislowsky Fraser is a registered investment counselling firm managing assets of $36.3 billion as at December 31, 2014, on behalf of retirement plans and foundations. Based in Montreal, the firm distinguishes itself through its emphasis on fundamental investment research, which concentrates on identifying companies with sustainable earnings growth, strong management and a sound balance sheet. Highlights: Conservative investment philosophy Diversified, high-quality portfolios designed to preserve the real purchasing power of its clients funds with minimal risk and achieve long-term growth Low risk approach toward the management of both equities and fixed-income investments Series 6 Series 7 MER 2.87% 2.36% Helios2 75/100 i 0.85% 0.85% Helios2 75/100 GLWB N/A N/A Fund Numbers Helios2 75/75 Helios2 75/100 i Helios2 75/100 GLWB Series 6A S236A M236A N/A Series 6B (low-load sales charges) S236B M236B N/A Series 6C (deferred sales charges 7 years) S236C M236C N/A Series 7A S237A M237A N/A 12

13 Objective and strategy of the Fund To achieve long-term capital appreciation while continuing to emphasize the preservation of capital by investing primarily in Canadian equity securites in areas in the Canadian economy where superior rates of growth are expected. Portfolio Manager Multimanager Benchmark Index S&P/TSX Fund Asset Allocation of Canadian Equities 32.61% Financials 24.07% Energy 10.84% Industrials 10.64% Consumer Staples 9.71% Consumer Discretionary 5.47% Information Technology 3.84% Materials 1.69% Utilities 1.13% Cash and Cash Equivalents Annual Compound Returns of 1 year 3 years 5 years 10 years Since inception 1.55% 14.36% 10.46% 7.58% N/A Returns are net of the underlying fund s management fees. Top Holdings of underlying fund as at June 30, 2015 Description % Toronto-Dominion Bank 7.94 Jarislowsky Fraser Special Equity Fund 7.63 Royal Bank of Canada 6.70 Scotiabank 6.26 Suncor Energy 4.26 Canadian National Railway Company 4.21 Enbridge 4.10 Manulife Financial Corporation 4.10 Metro 3.80 Canadian Natural Resources 3.70 Total Number of Holdings: 37 13

14 Investment Solutions Our five Investment Solutions have a new underlying fund and new allocation percentages in the Fixed Income Securities portion. Investment solutions New Conservative Moderate Balanced Growth Maximum Growth Fixed-income 80.0% 65.0% 50.0% 35.0% 20.0% DGIA Canadian Bond Fund 56.0% 45.5% 35.0% 24.5% 14.0% Desjardins Enhanced Bond Fund 24.0% 19.5% 15.0% 10.5% 6.0% Equity 20.0 % 35.0% 50.0% 65.0% 80.0% Canadian Equity 8.0% 14.0% 20.0% 26.0% 32.0% Franklin Bissett Canadian Equity Fund 2.7% 4.7% 6.7% 8.7% 10.7% BlackRock Active Canadian Equity DC Fund 2.7% 4.7% 6.7% 8.7% 10.7% Fidelity True North Fund 2.7% 4.7% 6.7% 8.7% 10.7% American Equity 6.0% 10.5% 15.0% 19.5% 24.0% BlackRock CDN U.S. Equity Index Fund 6.0% 10.5% 15.0% 19.5% 24.0% International Equity 6.0% 10.5% 15.0% 19.5% 24.0% Desjardins Overseas Equity Value Fund 3.0% 5.3% 7.5% 9.8% 12.0% Desjardins Overseas Equity Growth Fund 3.0% 5.3% 7.5% 9.8% 12.0% Fidelity True North is a registered trademark of FMR Corp. BlackRock is a registered trademark of BlackRock, Inc. 14

15 Fixed-income Desjardins Enhanced Bond Fund Fund Manager Underlying fund for the following Funds: Desjardins Funds Conservative Moderate Balanced Growth Maximum Growth Asset Category Canadian Fixed Income Fund Inception Date January 12, 2004 With Desjardins Funds, Desjardins puts its expertise in investment fund design to work for its members and clients, offering a family of investment products and solutions that investors can use to build a well diversified portfolio. With in-force business of more than $22 billion as at December 31, 2014, Desjardins is one of the top investment fund providers in Quebec. Desjardins Funds are divided into six categories and provide access to the expertise of national and international partners whose excellent results and management philosophy make them among the best in their field. Objective and strategy of the Fund The Fund seeks to provide a higher regular income and security of capital using a portfolio consisting primarily of various debt securities issued by governments and societies of Canada. It will also invests in non-canadian issuers of high yield corporate, securities of emerging market debt and foreign securities. Portfolio Manager Alliance Bernstein Benchmark Index FTSE TMX Canada Bond Universe Fund Asset Allocation of Canadian Bonds 23.8% Provincial Bonds 22.8% Federal Bonds 15.3% Corporate Bonds 2.3% Municipal Bonds 13.6% American Bonds 11.7% Foreign Bonds 6.4% Mortgage-Backed Securities 3.3% Cash and Cash Equivalents 0.7% Supranational Bonds 0.2% Asset-Backed Securities 0.1% U.S. Equities 0.1% Canadian Equities Annual Compound Returns of Fonds sous-jacent 1 year 3 years 5 years 10 years Since inception 5.22% 4.06% 5.68% N/A 5.93% Returns are net of the fund s management fees. Top Holdings of Description % Government of Canada, 2.25%, June 1, Province of British Columbia, 2.70%, December 18, Government of Canada, 1.50%, March 1, Province of Ontario, 3.15%, June 2, Province of Ontario, 3.50%, June 2, Canada Housing Trust, 2.35%, September 15, Government of Canada, Series A55, 8.00%, June 1, Government of Canada, 3.50%, December 1, Government of Canada, 4.00%, June 1, Province of Québec, 3.500%, December 1, Total Number of Holdings:

16 Choosing Desjardins... is choosing Desjardins Group, the largest cooperative financial group in Canada whose financial stability is recognized by the following credit ratings which are comparable, if not superior to those of the five largest Canadian banks and insurance companies: Standard and Poor s A+ Moody s Aa2 Dominion Bond Rating Service AA Fitch AA- The Contract and Information Folder contains important information on the Desjardins Financial Security Guaranteed Investment Funds Plan Helios2 and the DFS Guaranteed Investment Funds. Please note that our defined terms can be found in the Contract and Information Folder. Please read it carefully before investing. Helios2 is a trademark owned by Desjardins Financial Security Life Assurance Company. DFS Guaranteed Investment Funds is a registered trademark owned by Desjardins Financial Security Life Assurance Company. DFS Guaranteed Investment Funds are established by Desjardins Financial Security Life Assurance Company. DFS stands for Desjardins Financial Security. Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company. Fidelity True North is a registered trademark of FMR Corp. BlackRock is a registered trademark of BlackRock, Inc. TM Trademark owned by Desjardins Financial Security 100% This document is printed on Rolland Enviro paper E (15-10)