Universal Life Product Overview & Performance

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Large Cap Canadian Equity

Currently tracking Dynamic Equity Income Fund

July 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 May 31, 2025

Asset Allocation (%)

Asset Percent
Canadian Equity 73.2%
US Equity 15.9%
Income Trust Units 7.1%
Cash and Equivalents 3.6%
Other 0.2%

Sector Allocation (%)

Sector Percent
Financial Services 41.2%
Energy 13.0%
Industrial Services 11.7%
Consumer Services 10.0%
Technology 5.8%
Real Estate 5.8%
Basic Materials 3.9%
Cash and Cash Equivalent 3.6%
Utilities 2.5%
Telecommunications 2.5%

Geographic Allocation (%)

Region Percent
North America 97.6%
Latin America 2.2%
Multi-National 0.2%

Top 10 Holdings (%)

As of May 31, 2025

Name Percent
Royal Bank of Canada 6.91%
Toronto-Dominion Bank 5.07%
Enbridge Inc 4.37%
Canadian Pacific Kansas City Ltd 3.97%
Canadian National Railway Co 3.39%
Brookfield Asset Management Ltd Cl A 3.34%
Cash and Cash Equivalents 3.30%
Intact Financial Corp 3.11%
Microsoft Corp 3.07%
Canadian Natural Resources Ltd 3.02%

Growth of $10,000

As of July 31, 2025

Period:

For the period 07/31/2015 through 07/31/2025 with $10,000 CAD investment, The value of the investment would be $21,687

Calendar Return (%)

As of July 31, 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 July 31, 2025

Period 1 mth 3 mths 6 mths 1 yr 3 yr 5 yr 10 yr
Fund 0.43 6.84 3.28 10.63 7.32 10.35 7.87
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)*:

2.11%

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 07/31/2015 through 07/31/2025 with $10,000 CAD investment

Total returns performance

116.87% Up

Value of $10,000 investment

$21,686.54  CAD