Universal Life Product Overview & Performance

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Large Cap Canadian Equity

Currently tracking Dynamic Equity Income Fund

December 31, 2025

Fund Overview

The underlying fund objective is to seek to achieve high income and long-term growth of capital by investing primarily in equity securities that pay a dividend or distribution.

Risk Rating

This fund's risk rating is Low to Medium

As of October 31, 2025

Asset Allocation (%)

Asset Percent
Canadian Equity 74.5%
US Equity 17.9%
Income Trust Units 6.0%
Cash and Equivalents 1.4%
Other 0.2%

Sector Allocation (%)

Sector Percent
Financial Services 39.9%
Energy 13.5%
Consumer Services 10.4%
Industrial Services 10.2%
Technology 6.8%
Basic Materials 5.8%
Real Estate 4.5%
Utilities 3.1%
Industrial Goods 2.9%
Healthcare 2.9%

Geographic Allocation (%)

Region Percent
North America 98.2%
Latin America 1.6%
Multi-National 0.2%

Top 10 Holdings (%)

As of October 31, 2025

Name Percent
Royal Bank of Canada 7.55%
Toronto-Dominion Bank 5.77%
Enbridge Inc 4.06%
Brookfield Corp Cl A 3.47%
Canadian Pacific Kansas City Ltd 3.46%
Bank of Nova Scotia 3.41%
Microsoft Corp 3.38%
Canadian Natural Resources Ltd 3.23%
Suncor Energy Inc 2.95%
Canadian National Railway Co 2.76%

Growth of $10,000

As of December 31, 2025

Period:

For the period 12/31/2015 through 12/31/2025 with $10,000 CAD investment, The value of the investment would be $23,005

Calendar Return (%)

As of December 31, 2025

Period 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 14.15 14.21 5.60 -4.53 21.60 1.10 20.68 -4.94 11.14 13.81

Compound Return (%)

As of December 31, 2025

Period 1 mth 3 mths 6 mths 1 yr 3 yr 5 yr 10 yr
Fund 0.72 3.69 8.11 14.15 11.24 9.83 8.89
Product Current annual LIO admin fee Maximum annual LIO admin fee
Equitable Generations 0.00 % 0.00 %
Equation Generation IV (Low Fee) 0.00 % 0.00 %
Equation Generation IV (Bonus) 1.75 % 1.75 %
EquiLife 0.00 % 0.00 %
Equation Generation III 2.75 % 2.75 %

Other Fund Information

Product Availabilty

Equitable Generations™
Equation Generation IV
EquiLife
Equation Generation III

Date of Inception:

January 1968

Estimated Management
Expense Ratio (MER)*:

2.15%

Fund Category

Canadian Dividend & Income Equity

Portfolio Manager

1832 Asset Management L.P.

Investment Style

Equity

Market Capitalization: Large

Fund Style: Growth

Performance Chart

Period:
Large Cap Canadian Equity

Summary

For the period 12/31/2015 through 12/31/2025 with $10,000 CAD investment

Total returns performance

130.05% Up

Value of $10,000 investment

$23,004.67  CAD