Universal Life Product Overview & Performance

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Large Cap Canadian Equity

Currently tracking Dynamic Equity Income Fund

November 30, 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 September 30, 2025

Asset Allocation (%)

Asset Percent
Canadian Equity 73.4%
US Equity 17.7%
Income Trust Units 6.1%
Cash and Equivalents 2.7%
Other 0.1%

Sector Allocation (%)

Sector Percent
Financial Services 41.1%
Energy 13.7%
Industrial Services 10.3%
Consumer Services 10.1%
Technology 6.6%
Basic Materials 5.2%
Real Estate 4.5%
Utilities 3.1%
Healthcare 2.7%
Cash and Cash Equivalent 2.7%

Geographic Allocation (%)

Region Percent
North America 98.2%
Latin America 1.7%
Multi-National 0.1%

Top 10 Holdings (%)

As of September 30, 2025

Name Percent
Royal Bank of Canada 7.52%
Toronto-Dominion Bank 5.57%
Enbridge Inc 4.35%
Canadian Pacific Kansas City Ltd 3.55%
Brookfield Corp Cl A 3.41%
Microsoft Corp 3.35%
Bank of Nova Scotia 3.33%
Suncor Energy Inc 3.07%
Canadian Natural Resources Ltd 2.99%
Intact Financial Corp 2.76%

Growth of $10,000

As of November 30, 2025

Period:

For the period 11/30/2015 through 11/30/2025 with $10,000 CAD investment, The value of the investment would be $22,852

Calendar Return (%)

As of November 30, 2025

Period 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 14.21 5.60 -4.53 21.60 1.10 20.68 -4.94 11.14 13.81 1.60

Compound Return (%)

As of November 30, 2025

Period 1 mth 3 mths 6 mths 1 yr 3 yr 5 yr 10 yr
Fund 2.51 5.26 8.69 9.87 9.22 9.93 8.61
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 11/30/2015 through 11/30/2025 with $10,000 CAD investment

Total returns performance

128.52% Up

Value of $10,000 investment

$22,852.44  CAD