MAY 2017 Great-West Life investment plans Information folder MANAGED-MONEY Prog ram This document is not an insurance contract.
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DISCOVERY, Great-West Life and the key design are trademarks of The Great-West Life Assurance Company. 47-1248-5/17
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MAY 2017
Great-West Life investment plans Information folder
M A N A G E D - M O N E YProgram
This document is not an insurance contract.
This information folder is not an insurance contract. The information in this folder is subject to change from time to time. If there is a difference between this information folder and your contract, your contract will apply. In this information folder, you and your mean the policyowner of a Great-West Investment Plan. We, us, our and Great- West Life mean The Great-West Life Assurance Company.
About Great-West Life
The Great-West Life Assurance Company was incorporated on Aug. 28, 1891 by a Special Act of the Parliament of Canada. Great-West Life carries on business under the Insurance Companies Act (Canada). The terms and conditions of the policies issued by Great-West Life and the distribution of the policies are governed by the Insurance Acts of the provinces and territories in Canada where Great-West Life carries on business.
Great-West Life’s administrative offices are located at: London
255 Dufferin Avenue London, Ontario N6A 4K1 Montreal
2001 Robert-Bourassa Blvd, Suite 540 Montreal, Quebec H3A 1T9 Great-West Life’s head office is located at: Winnipeg
100 Osborne Street North Winnipeg, MB R3C 3A5
Certification
This information folder contains brief and plain disclosure of all material facts relating to the investment fund option available in the Flexible Accumulation Annuity or Flexible Income Fund managed-money program investment plans offered under this folder and issued by The Great-West Life Assurance Company. February 10, 2017
Stefan Kristjanson
President and Chief Operating Officer, Canada Douglas A. Berberich
Vice-President and Associate General Counsel, Canada
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Key facts about the Great-West Life Flexible Accumulation Annuity and Flexible Income Fund managed-money program investment plans and investment funds offered under this information folder
This summary provides a brief description of the basic things you should know before you apply for this individual variable insurance contract. This summary is not your contract. A full description of all the features and how they work is contained in this information folder and your contract. You should review these documents and discuss any questions you have with your financial security advisor.
What am I getting?
You are getting an insurance contract between you and The Great-West Life Assurance Company. It gives you a choice of investment funds (also known as segregated funds) and provides certain guarantees. You can: Pick a registered or non-registered contract Choose one or more investment funds Name a person to receive the death benefit Withdraw money from your contract Receive regular payments now or later The choices you make may affect your taxes, see the section Your income tax considerations. They could also affect the guarantees, see the section Examples of how
redeeming units affects the basic amount and reduces the guaranteed value. Ask your financial security advisor to help you make these choices. The value of your contract can go up or down subject
to the guarantees.
What guarantees are available?
A death benefit guarantee applies and you may get a maturity guarantee. These help protect your fund investments. For details about the guarantees, see the Basic guaranteed benefits section. You pay fees for this protection. The fees are included in the management expense ratio which is described in the Fees and expenses section. Any withdrawals you make will reduce the guarantees. For full details please see the Basic guaranteed benefits section.
Maturity guarantee
This protects the value of your investment at a specific date in the future, which is called the maturity date. This date is explained in the When your plan matures section. On this date, you will receive the greater of: The market value of the funds, or 75 per cent of the money you put in the funds
Death benefit guarantee
This protects the value of your investment if the insured person dies. It is paid to someone you name. The death benefit applies if the insured person dies before the maturity date. It pays the greater of: The market value of the funds, or 75 per cent of the money you put in the funds
What investments are available?
You can invest in the investment funds described in Fund Facts. Other than any maturity and death benefit
guarantees, Great-West Life does not guarantee the
performance of the investment funds. Carefully
consider your tolerance for risk when you select a
fund.
How much will this cost?
The investment funds you select affect your costs. The investment funds are available on a no-load basis, but subject to an advisory and management service fee that you negotiate with your financial security advisor. For full details, see the section Managed-money program and the Fund Facts for each investment fund. Fees and expenses are deducted from the investment funds. They are shown as management expense ratios or MERs on the Fund Facts for each fund. If you make certain transactions or other requests, you may be charged separately for them and this includes a short-term trading fee. For full details, see the section Fees and expenses and the Fund Facts for each investment fund.
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What can I do after I purchase this
contract?
If you wish, you can do any of the following:
Exchanges
You may exchange from one fund to another. See the section How to exchange investment fund units.
Withdrawals
You can withdraw money from your contract. If you decide to, this will affect your guarantees. You may also need to pay a fee or taxes. See the section How to redeem investment fund units.
Premiums
You may make lump-sum or regular payments. See the section How to allocate premiums to investment
fund units.
Regular payments
At a certain time, unless you select another option, we will start making payments to you. See the section When your plan matures. Certain restrictions and other conditions may apply. Review the contract for your rights and obligations and discuss any questions with your financial security advisor.
What information will I receive about
my contract?
We will tell you at least once a year the value of your investments and any transactions you have made during the year. You may request more detailed financial statements of the funds. These are updated at certain times during the year. For full details, see the section Administration of the investments funds.
Can I change my mind?
Yes, you can: Cancel the contract Cancel any additional lump-sum premiums you make Cancel the initial automatic monthly premium To do any of these, you must tell us in writing within two business days of the earlier of: The day you receive the confirmation of your
transaction, or Five business days after we mail the confirmation to
you The amount returned will be the lesser of the amount you invested or the value of the applicable units you acquired on the day we process your request. The amount returned will include a refund or any sales charge or other fees you paid. The transaction may generate a taxable result and you are responsible for any income tax reporting and payment that may be required as result of any transaction. If you change your mind about a specific additional premium, the right to cancel only applies to that transaction. For full details, see the introductory page to the Fund Facts section.
Where can I get more information?
You may call us at 1-800-665-5758 or send us an email. To send an email, please go to our website and then to the “Contact Us” section. Information about our company and the products and services we provide is on our website at Great-West Life website. For information about handling issues you are unable to resolve with us, contact the OmbudService for life and health insurance at 1-800-268-8099 or on the Internet at OmbudService for Life and Health Insurance Website. Additionally, if you are a resident of Quebec contact the Information Centre of the Autorité des marchés financiers (AMF) at 1-877-525-0337 or at Autorité des marchés financiers Information Centre Website. For information about additional protection available for all life insurance policyowners, contact Assuris, a company established by the Canadian life insurance industry. See Assuris Protecting your life insurance Website for details. For information about how to contact the insurance regulator in your province visit the Canadian Council of Insurance Regulators website at Canadian Council of Insurance Regulators Website.
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Table of contents
Key facts about the Great-West Life Flexible
Accumulation Annuity and Flexible Income Fund
managed-money program investment plans and
investment funds offered under this information
folder .................................................................... 1
What am I getting? ................................................. 1
What guarantees are available? ............................. 1
Maturity guarantee ............................................ 1
Death benefit guarantee .................................... 1
What investments are available? ........................... 1
How much will this cost? ........................................ 1
What can I do after I purchase this contract? ........ 2
Exchanges ........................................................... 2
Withdrawals ....................................................... 2
Premiums ............................................................ 2
Regular payments ............................................... 2
What information will I receive about my
contract? ................................................................ 2
Can I change my mind? .......................................... 2
Where can I get more information? ....................... 2
How Great-West Life investment plans work .......... 6
Introduction ............................................................ 6
Non-registered plans .............................................. 6
Non-registered plans – joint annuitants ................ 6
RRSPs, LIRAs, locked-in RRSPs and RLSPs ............... 7
RRIFs, PRIFs, LRIFs, LIFs and RLIFs .......................... 7
Beneficiaries ........................................................... 7
How our investment funds work ............................ 7
Portfolio funds ........................................................ 8
How we value investment fund units ..................... 8
Fundamental changes to the investment funds..... 8
Managed-money program ..................................... 9
Sales charge option ................................................ 9
Advisory and management service fee .............. 9
Allocating premiums, redeeming and exchanging
investment fund units ............................................ 9
How to allocate your premium to investment fund
units ...................................................................... 10
How to redeem investment fund units ................ 10
How to exchange investment fund units ............. 10
Short-term trading ............................................... 10
When the redemption of your units may be
delayed ................................................................. 11
When your plan matures ..................................... 11
Maturity date ....................................................... 11
What happens to your plan on the maturity date 12
Basic guaranteed benefits .................................... 12
Basic amount ........................................................ 12
Basic maturity guarantee ..................................... 12
Basic death benefit guarantee ............................. 13
Examples of how redeeming units affects the
basic amount and reduces the guaranteed value
.......................................................................... 13
If the market value is greater than the basic
amount ............................................................. 13
If the market value is less than the basic amount
.......................................................................... 14
When the basic guaranteed benefits end ............ 14
Fees and expenses for managed-money program . 14
Fees and expenses paid by the investment fund . 15
Management expense ratio (MER) .................. 15
Investment management fees ......................... 15
Operating expenses .......................................... 15
Fund-of-funds ................................................... 15
Annual investment management fees by fund .... 16
Fees and expenses paid directly by you ............... 18
Advisory and management services fee ........... 18
Charge for changing the amount or frequency of
your scheduled periodic income payments ..... 18
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Charge for duplicate RRSP receipts or tax slips 18
Policy research fee ........................................... 18
Short-term trading fee ..................................... 18
Returned cheque fee ........................................ 18
Cheque processing and courier fee .................. 18
Your income tax considerations ........................... 19
Tax status of the investment funds ...................... 19
Non-registered plans ............................................ 19
RRSPs .................................................................... 19
RRIFs ..................................................................... 20
Administration of the investment funds ............... 20
Keeping you informed .......................................... 20
Requests for Fund Facts, financial statements and
other documents .................................................. 20
Material contracts ................................................ 20
Material transactions ........................................... 21
Assuris protection ................................................. 21
Investment policy ................................................ 21
Performance of investment funds and underlying
funds ..................................................................... 21
Investment managers .......................................... 22
Investment manager review process ................... 22
Fund risks ............................................................ 23
Commodity risk ................................................ 23
Credit risk ......................................................... 23
Derivative risk ................................................... 23
Equity risk ......................................................... 24
Fixed income investment risk ........................... 24
Foreign currency risk ........................................ 24
Foreign investment risk .................................... 24
Index risk .......................................................... 24
Interest rate risk ............................................... 24
Large withdrawal risk ....................................... 25
Real estate risk ................................................. 25
Short selling risk ............................................... 25
Securities lending, repurchase and reverse
repurchase transaction risk .............................. 25
Smaller company risk ....................................... 26
Sovereign risk ................................................... 26
Specialization risk ............................................. 26
Underlying fund risk ......................................... 26
Fund Facts ........................................................... 27
What if I change my mind?................................... 27
For more information ........................................... 27
Asset allocation funds .......................................... 28
Conservative Portfolio (PSG) ................................ 28
Moderate Portfolio (PSG) ..................................... 30
Balanced Portfolio (PSG) ...................................... 32
Advanced Portfolio (PSG) ..................................... 34
Aggressive Portfolio (PSG) .................................... 36
Income asset allocation funds .............................. 38
Conservative Income Portfolio (PSG) ................... 38
Moderate Income Portfolio (PSG) ........................ 40
Balanced Income Portfolio (PSG) ......................... 42
Advanced Income Portfolio (PSG) ........................ 44
Cash and cash equivalent funds ............................ 46
Money Market (Portico) ....................................... 46
Fixed income funds .............................................. 48
Fixed-Income Portfolio (PSG) ............................... 48
Core Bond (Portico) .............................................. 50
Core Plus Bond (Portico)....................................... 52
Canadian Bond (Portico) ....................................... 54
Mortgage (Portico) ............................................... 56
Government Bond (Portico) ................................. 58
International Bond (Brandywine) ......................... 60
Balanced funds .................................................... 62
Income (Portico) ................................................... 62
Income (Mackenzie) ............................................. 64
Diversified (GWLIM) ............................................. 66
Equity/Bond (GWLIM) .......................................... 68
Growth & Income (Mackenzie) ............................ 70
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Canadian Balanced (Mackenzie) ........................... 72
Balanced (Invesco) ................................................ 74
Balanced (Beutel Goodman) ................................ 76
Global Income (Sentry) ......................................... 78
Canadian equity funds ......................................... 80
Canadian Equity Portfolio (PSG) ........................... 80
Canadian Equity (GWLIM) .................................... 82
SRI Canadian Equity (GWLIM) .............................. 84
Canadian Equity Growth (Mackenzie) .................. 86
Canadian Equity (Bissett) ...................................... 88
Equity Index (GWLIM) .......................................... 90
Equity (Mackenzie) ............................................... 92
Canadian Equity (Beutel Goodman) ..................... 94
Canadian Value (FGP) ........................................... 96
Dividend (GWLIM) ................................................ 98
Dividend (Mackenzie) ......................................... 100
Mid Cap Canada (GWLIM) .................................. 102
Growth Equity (AGF) ........................................... 104
Canadian specialty and alternative funds ............106
Real Estate (GWLRA) .......................................... 106
Canadian Resources (GWLIM) ............................ 108
North American funds ........................................110
Smaller Company (Mackenzie) ........................... 110
Science and Technology (GWLIM) ...................... 112
Foreign equity funds ...........................................114
Global Equity Portfolio (PSG) .............................. 114
Global Low Volatility (ILIM) ................................ 116
Foreign Equity (Mackenzie) ................................ 118
Global Equity (Setanta) ....................................... 120
U.S. Equity (GWLIM) ........................................... 122
American Growth (AGF) ..................................... 124
U.S. Value (London Capital) ................................ 126
U.S. Mid Cap (GWLIM) ........................................ 128
International Equity (Putnam) ............................ 130
International Equity (JPMorgan) ........................ 132
International Growth (Mackenzie) ..................... 134
International Opportunity (JPMorgan) ............... 136
Foreign specialty and alternative funds .............. 138
European Equity (Setanta) ................................. 138
Far East Equity (CLI) ............................................ 140
Emerging Markets (Mackenzie) .......................... 142
Glossary of terms ............................................... 144
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How Great-West Life investment plans work
Introduction
The Great-West Life Flexible Accumulation Annuity or Flexible Income Fund managed-money program plan is an individual variable insurance contract based on the life of the insured person, also known as the annuitant that you name on the application form. There are three types of plans available: Non-registered plans Registered retirement savings plans (RRSPs) Registered retirement income funds (RRIFs) Locked-in RRSPs, locked-in retirement accounts (LIRAs), restricted locked-in savings plans (RLSPs) are three specific types of RRSPs. You can only open locked-in RRSPs, LIRAs and RLSPs with money transferred directly from pension plans, if allowed by federal or provincial pension laws; pension laws place certain restrictions on them. Since otherwise all RRSPs work the same way, whether or not they are locked-in RRSPs, LIRAs or RLSPs, we’ll simply refer to them as RRSPs throughout the rest of this information folder. Prescribed retirement income fund (PRIF), locked-in retirement income funds (LRIFs), life income funds (LIFs) and restricted life income funds are four specific types of RRIFs. Unless, we say otherwise, when we refer to features of a RRIF, they also apply to a PRIF, LIF, LRIF and RLIF. Each type of plan allows you, as the policyowner, to allocate premiums to a daily interest account, guaranteed interest options and investment funds. When you pay premiums to your plan, it automatically goes first into your daily interest account. From there you can transfer it to a guaranteed interest option or to an investment fund. This information folder describes the investment funds available and the maturity and death benefit guarantees that come with them. For more information about guaranteed interest options, please contact your Great-West Life financial security advisor. Your plan is a deferred annuity, which means at maturity annuity payments will commence, unless you choose otherwise. For more information, see When your plan matures.
This document is divided into two parts. The first part contains general information that applies to all investment plans. The second part provides specific information about the investment funds. A glossary of terms is located at the back of this information folder and provides an explanation of some of the terms used.
Non-registered plans
A non-registered plan can be owned by a single individual or jointly by several individuals. Normally, there will only be one annuitant who can be the policyowner or someone else. For information about tax implications, see Your income tax considerations.
Non-registered plans – joint annuitants
Joint annuitants are the persons upon whose life the policy is based. Joint annuitants must be either married, civil union spouses or in a common-law relationship with each other at the time of the application. The joint annuitants must also be joint policyowners with rights of survivorship (where Quebec law applies, rights of survivorship means accretion). When joint annuitants apply for a joint policy on the application, the word “policyowner” and “you” in this folder will mean both joint policyowners. These plans will be subject to the same rules as non-registered plans unless noted. Upon the death of a joint annuitant, the surviving annuitant will become the sole annuitant and policyowner. The death benefit will only be paid on the death of the last annuitant while the policy is in force. When we refer to the age of an annuitant, we mean the age of the younger of the two joint annuitants. The maturity date will be based on the age of the youngest annuitant. The maturity date will not change if the younger annuitant dies first. Following the maturity date, if an annuitant is living and has not previously indicated an alternative preference, annuity payments will commence. If both annuitants are living, the annuity will be based on and be guaranteed for the life of both annuitants. Otherwise, the annuity will be based on and be guaranteed for the life of the surviving annuitant.
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RRSPs, LIRAs, locked-in RRSPs and
RLSPs
An RRSP is an investment plan registered under the Income Tax Act (Canada). The contributions you make to your RRSP are tax deductible and there is a maximum amount you can contribute each year under the Income Tax Act (Canada). You can also transfer money directly from an RRSP at another financial institution or from a pension plan, if federal or provincial pension laws allow it. There are no limits on the amount of transfers from RRSPs. There are limits under the Income Tax Act (Canada) for transfers from defined benefit pension plans. Only one person, who must also be the annuitant, can own an RRSP. For information about tax implications, see Your income
tax considerations.
RRIFs, PRIFs, LRIFs, LIFs and RLIFs
A RRIF is a plan that gives you regular income payments and is registered under the Income Tax Act (Canada). You can only open a RRIF with money transferred directly from an RRSP or another RRIF. You can only open PRIFs, LRIFs, LIFs and RLIFs with money transferred directly from a pension plan, from a locked-in RRSP, LIRA and RLSP or from another PRIF, LRIF, LIF or RLIF where federal or provincial pension laws allow it. We currently offer RRIFs and LIFs across Canada, LRIFs in Manitoba and PRIFs in Saskatchewan and Manitoba. RLIFs are only available where the money is administered under federal pension legislation. Under the Income Tax Act (Canada), you must redeem a minimum amount each year as an income payment from these plans. For LRIFs, LIFs and RLIFs there is also a maximum amount you may redeem each year. Only one person, who must also be the annuitant, can own a RRIF, PRIF, LRIF, LIF or RLIF. For information about tax implications, see Your income
tax considerations.
Beneficiaries
You may designate one or more beneficiaries to receive any death benefit payable under the policy. You may revoke or change the designation prior to the maturity date, subject to applicable law. If the designation is irrevocable, you cannot revoke or change it or exercise certain other specific rights without the written consent of the irrevocable beneficiary in accordance with applicable law.
If the policy is a LIRA, LRSP, RLSP, PRIF, LIF, RLIF or LRIF, the interest of your spouse, civil union spouse or common-law partner can take priority over a beneficiary designated by you, depending on applicable pension legislation.
How our investment funds work
Each of our investment funds is a segregated fund, which is a pool of investments kept separate, or segregated, from the general assets of Great-West Life. Each investment fund is divided into different classes with each class having an unlimited number of notional units of equal value. For more information about unit value, see How we value investment fund units. When you transfer money from your daily interest account to investment funds, units are allocated to your plan, but you do not actually own, buy, or sell any part of the investment funds or any units. Instead, we hold the assets of the investment funds. This also means that you don’t have any voting rights associated with the investment funds. We calculate the value and the benefits to which you are entitled based on the value of the units allocated to your plan on a particular date less any applicable fees and charges. Neither your plan nor your units give you an ownership interest in Great-West Life or voting rights in connection with Great-West Life. When you select an investment fund that invests in units of a mutual fund, you will not be a unitholder of the mutual fund. We have the right to subdivide or consolidate the units of an investment fund. If we subdivide the units of a fund, there will be a decrease in the unit value. If we consolidate the units of a fund, there will be an increase in the unit value. If we subdivide or consolidate the units of an investment fund, the market value of the investment fund and the market value of your plan will not change. We will give you advance written notice if we have decided to do so. We have the right to add, restrict the allocation of premiums or exchanges, close and terminate an existing investment fund. If we do close an investment fund, you cannot allocate a premium or exchange to the investment fund. If we do close an investment fund, it may be re-opened for investment at our discretion. We will notify you in writing 60 days before we terminate an investment fund or make a material change to the fundamental investment objectives of an investment fund. For more information, see Fundamental changes to the investment funds.
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It’s important to diversify your investments, which means investing in funds which have a variety of assets and investment styles. For more information about diversification and other risks involved in investment funds, see Fund risks. You can chose from different investment funds and this broad choice provides a good opportunity for you to diversify your investments. In addition, there are asset allocation funds that are specially designed to increase diversification. We refer to our asset allocation funds as Great-West Life portfolio funds. They are explained in more detail below. All the investment funds currently available are described in detail later in this information folder; see the Fund Facts section.
Portfolio funds
Each portfolio fund invests in a variety of other funds. They offer you an easy way to diversify your investments by investing in a single fund. A portfolio fund may offer you diversification among: Types of assets, such as shares, bonds, mortgages and
real estate The entities that issue the assets, such as shares in
large, small or resource-based companies, and bonds issued by governments or companies
Assets in different countries Investment advisors with different investment styles We may review the composition of the portfolio funds from time to time. When required, we may change the: Funds the portfolio fund holds Percentages of each fund the portfolio fund intends to
hold Number of funds the portfolio fund holds
How we value investment fund units
Generally, we value our units at the close of business on each day the Toronto Stock Exchange is open for business. We have the right to change how often we value our units. We refer to any day that we value units as a valuation day. We’ll tell you in writing 60 days before we change the frequency that we value the units. For more information, see Fundamental changes to the investment funds. When we value units, we calculate the unit value by dividing the total market value of that class of the fund by the number of units in that class of the fund. The market value of a class of a fund is the total market value of the assets in that class of the fund, less investment management fees and other expenses attributed to that class. For more information, see Fees and expenses. When we calculate the market value of an asset held in an investment fund, we use the closing price of that
asset. If a closing price is not available, we’ll determine the fair market value of the asset. The value of investment fund units is not guaranteed
because it fluctuates with the market value of the
assets in the investment fund.
Fundamental changes to the investment
funds
If we make any of the following changes to an investment fund we will notify you in writing 60 days before the change occurs. The notice will be sent by regular mail to the most recent address we have for you in our records. Increase the investment management fee Material change to the investment objective Decrease the frequency with which the fund is valued During the notice period, you will have the right to exchange the value of your units from the affected investment fund to a similar investment fund that is not subject to the fundamental change without charge provided you advise us at least five business days prior to the change happening. We will advise you of similar investment funds that are available to you at that time. A similar fund is a fund within the same investment fund category that has a comparable investment objective and the same or lower investment management fee. The exchange of your units from one investment fund to another in a non-registered policy may produce a taxable capital gain or loss. For information about tax implications, see Income tax considerations. If we do not offer a similar investment fund, you may have the right to redeem the investment fund units without incurring a redemption charge or similar fee provided you advise us at least five business days prior to the change happening. We will advise you if this applies to you. Any redemption of units from a non-registered policy may produce a taxable capital gain or loss. For information about tax implications, see Income
tax considerations. During the transition period between the announcement and the effective date of the fundamental change, you will not be permitted to allocate premiums to, or exchange into, the affected fund unless you agree to waive your rights under the fundamental change provision for that particular fundamental change. When an investment fund invests in an underlying mutual fund, an increase in the investment management fee of the underlying mutual fund that also results in an increase in the investment management fee of the investment fund would be treated as a fundamental change.
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Managed-money program
The managed-money program is available to policyowners with over $250,000 to invest. It allows you to negotiate the amount you pay for your financial security advisor’s services.
Sales charge option
With the managed-money program you don’t pay any fees when you allocate a premium to a fund, redeem or exchange units, subject to a short-term trading fee. For more information, see Short-term trading. However, you do pay an advisory and management services fee.
Advisory and management service fee
The advisory and management services fee covers the following services: Investment advice Customized portfolio design Personal performance reporting Program monitoring Other retirement and investment planning services We negotiate your advisory and management services fees with you and your financial security advisor. The fee we agree upon will be based on a number of factors, including: The value of your plan The number of plans you have with us The average value of your plans with us How complex it is to administer your plan The service and support you receive from your
financial security advisor Generally, for plans from $250,000 to $499,999, the annual advisory and management services fee is between one per cent and two per cent and for plans over $500,000, it is between 0.50 per cent and two per cent. For more information, see each of the Fund Facts. The minimum monthly fee is currently $150. Once we agree upon a fee, it cannot be renegotiated for two years unless the value of your plan increases to the next fee level or we change the fee ranges. We, your financial security advisor and you, must all agree before the fee can be renegotiated. You can choose whether to have the advisory and management service fee deducted from each of your plans or all from the same plan. If you sell units to pay the advisory and management service fee, there will be tax consequences. Also, it is not appropriate to pay the advisory and management service fee for a non-registered plan from a registered plan. You should
consult your tax advisor about your personal
circumstances. We deduct the advisory and management service fee plus applicable taxes from the plan monthly. We have the right to change the range of the advisory and management service fee or the minimum fee at any time. If we do, we’ll tell you in writing 60 days before we make the change. If we change the range, it will not automatically change your negotiated advisory and management services fee. In special circumstances, we may decide not to charge the advisory and management services fee. The rate of return that we report on your statement
does not reflect the advisory and management
services fees you’ve paid. Therefore, the actual return
for your funds will be less than the return shown on
your statement.
Allocating premiums, redeeming and exchanging investment fund units
You can make a request to allocate your premium to a fund, redeem, or exchange units at any time. However, we only process allocations, redemptions or exchanges on valuation days. If we receive your request to allocate your premium to a fund, redeem, or exchange units at our administrative office, in London, Ontario or Montreal, Quebec, before 3:58 p.m. eastern time or before the Toronto Stock Exchange closes, whichever is earlier, on a valuation day, we’ll process the request on that day using that day’s unit value. If we receive your request after that time, we’ll process it on the next valuation day using that day’s unit value. For more information, see How we
value investment fund units. When you ask us to allocate your premium to a fund, redeem, or exchange units, your instructions must be complete and in a manner acceptable to us, otherwise we will not be able to complete the transaction for you. We have the right to refuse any premium allocated to your plan. We also have the right to change any minimum amounts that are given in this information folder without notice. If you choose to make a redemption, this will reduce the amount available for annuity payments. For more information, see When your plan matures.
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How to allocate your premium to
investment fund units
You can allocate your premium to a fund by transferring all or part of the value of the daily interest account to investment funds. You can also set up an automatic monthly transfer of money from your daily interest account to investment funds. In both cases, the minimum amount you can currently transfer is $50. When you transfer money from the daily interest account to investment funds, we allocate units to your plan. We determine the number of units to allocate by dividing the amount of money you transfer by the unit value of the class of the fund at the time of the transfer. For more information, please see How we value investment fund
units. We have the right to limit purchases of investment funds. We may also refuse to accept requests to allocate premiums to investment funds.
How to redeem investment fund units
When you request money from your plan, it must come from the daily interest account, which means you may first have to redeem units and transfer the proceeds to the daily interest account. Upon request, and subject to our administration rules, you can redeem investment funds on any valuation day. You can also set up an automatic monthly transfer from one or more investment funds to your daily interest account. You must keep a minimum of $300 in units. If you have less than $300 in units, we may require that you redeem them and transfer the money to the daily interest account. When you redeem investment fund units, the value of
those units is not guaranteed because it fluctuates
with the market value of the assets in the investment
fund.
We will charge a short-term trading fee on a redemption when the units to be redeemed have not been held in the investment fund for the applicable period of time. For more information, see Short-term trading. There may be income tax consequences if you redeem units in a non-registered plan. For more information, please see Your income tax considerations. The value of your guarantee will be reduced when
you redeem units. For more information, see Examples of how redeeming units affects the basic amount and
reduces the guaranteed value.
How to exchange investment fund units
Upon request and subject to our administrative rules, you can exchange units of one fund in your plan for units of another investment fund. You can also set up an automatic monthly exchange. In both cases, the minimum amount you can currently exchange is $50. When you exchange units, you’re redeeming units of one or more funds and allocating their value to units of other funds. If you set up an automatic exchange between investment funds and an automatic exchange between other investment options in your plan, we process the automatic exchange between investment funds first. When you exchange investment fund units, the value
of those units is not guaranteed because it fluctuates
with the market value of the assets in the investment
fund.
We will charge a short-term trading fee on an exchange when the units to be exchanged have not been held in the investment fund for the applicable period of time. For more information, see Short-term trading. There may be income tax consequences if you exchange units within a non-registered plan. For more information, please see Your income tax considerations. Under unusual circumstances, we may have to delay your exchange of units if we’ve had to delay the redemption of any units. For more information, please see When the redemption of your units may be delayed. The value of your guarantee will not be reduced when you exchange units.
Short-term trading
Using investment funds to time the market or trading on a frequent basis is not consistent with a long-term investment approach based on financial planning principles. In order to limit such activities, we will charge a short-term trading fee as outlined below. The short-term trading fee is retained in the investment fund as compensation for the costs associated with the switch or redemption request. We may take additional actions as we consider appropriate to prevent further similar activity by you. These actions may include the delivery of a warning, placing you on a watch list to monitor activity, declining to accept allocations to and exchange and redemption requests from the investment funds, delay trades by one valuation day and suspend trading under the policy. We reserve the right to change our administrative practices or introduce new ones when we determine it is appropriate.
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We will charge a short-term trading fee of up to two per cent of the amount exchanged or redeemed if you allocate premiums to an investment fund for less than 90 consecutive days. This fee is subject to change. This right is not affected by the fact that we may have waived it at any time previously. We reserve the right to increase the period of time a premium must remain in an investment fund from 90 consecutive days to up to 365 consecutive days. We will give you written notice of our intent to increase the time period at least 60 days in advance. Our notice to you will specify the affected investment fund(s) and the new period of time. We will send the notice to your most recent address on our records for this policy.
When the redemption of your units may
be delayed
Under unusual circumstances, we may have to delay your redemption of units or postpone the date of a transfer or payment. This may happen if: Normal trading is suspended on a stock exchange on
which the investment fund has a significant percentage of its assets, or
We believe it’s not practical to dispose of investments held in an investment fund or that it would be unfair to other unitholders
During such a delay, we’ll administer the redemption of units according to the applicable rules and laws and in a manner that we consider fair. We may have to wait until there are enough assets in the fund that can be easily converted to cash. If there are more requests to redeem units than we can accommodate, we’ll redeem as many units as we think is appropriate and allocate the proceeds proportionally among the investors who asked to redeem units. We’ll redeem any remaining units as soon as we can.
When your plan matures
Maturity date
Most plans end – or mature – at a certain time. The maturity date varies depending on the type of plan you have. In some cases, you can select an earlier maturity date. For a non-registered plan, the automatic maturity date is Dec. 31 of the year the annuitant turns 100. You may also select an earlier maturity date as long as the date is: After the annuitant turns 70 Before Dec. 31 of the year the annuitant turns 100 At least 15 years after the later of:
The date you first held investment funds in your plan
The date you asked to change the maturity date For an RRSP, the automatic maturity date is Dec. 31 of the year the annuitant turns the age stipulated by the Income Tax Act (Canada), currently age 71. You may also select an earlier maturity date between Sept. 1 and Dec. 31 of the year the annuitant turns 71. The maturity date for a LIF depends on the jurisdiction that governs your LIF. Some jurisdictions require that your LIF be converted to a life annuity. If your LIF requires you to receive payments from a life annuity, the maturity date will be Dec. 31 of the year stipulated in the regulations governing the LIF. For RRIFs, PRIFs, LRIFs, RLIFs or LIFs, which are not required to be annuitized under applicable pension legislation, there is no maturity date. For RRIF policies issued to Quebec residents, the maturity date is Dec. 31 of the year the annuitant turns age 100. Currently Newfoundland and Labrador pension legislation requires a LIF to mature in the year you attain age 80 and for annuity payments to start. Currently LIFs administered under New Brunswick pension legislation are not required to annuitize, however funds must be fully redeemed and the policy closed by Dec. 28 of the year the annuitant turns 90. Over time, regulators may change the rules that govern LIFs. We will change the terms of your LIF in accordance with any change in the regulations.
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What happens to your plan on the
maturity date
On the maturity date of your plan, we will redeem all units and transfer the value to the daily interest account. If your plan is a non-registered plan, you may have to pay tax as a result. For RRSP plans (except RRSPs for which you first allocated a premium to the investment funds when the annuitant is age 60 or older), non-registered plans, and RRIFs issued to residents of Quebec, if you do not indicate a preference, following the maturity date we will commence life annuity payments. The annuity payments are conditional on the annuitant being alive and will be in equal, annual or more frequent periodic amounts. We may require evidence that the person is living when the payment becomes due. Premiums will not be accepted under the policy after the annuity payments commence. We will make payments for as long as the annuitant lives. If the annuitant dies within 10 years of when the annuity payments commenced, the remaining guaranteed payments will go to the beneficiary. If there is no beneficiary, we’ll make the payments to you (as the policyowner) or to your estate. You may have to pay tax on the annuity payments. Payments are not commutable during the annuitant’s lifetime. If you first allocated a premium to an investment fund in an RRSP when the annuitant is age 60 or older and you do not indicate a preference for another type of annuity then offered by us, we’ll commence payments on a RRIF basis. If on the issue date of the RRSP or non-registered plan the policyowner is not a resident of Quebec, the amount of the annuity payments will be determined using the annuity rate in effect when the annuity payments commence. If on the issue date of the RRSP, RRIF or non-registered plan, the policyowner is a resident of Quebec, the amount of the annuity payments will be determined by the greater of the annuity rate in effect when the annuity payments commence and the rate established in the policy.
Basic guaranteed benefits
All plans have two types of basic guaranteed benefits: the basic maturity guarantee and the basic death benefit guarantee. Both basic guaranteed benefits are included at no additional cost and apply to the investment funds you hold in your plan, regardless of the type of plan you own. However, these basic guaranteed benefits only apply if you first held investment funds in your plan after Oct. 25, 1999. If you held investment funds in your plan before Oct. 25, 1999, please refer to your contract for more information about your guaranteed benefits. Before the maturity date or the death of the insured person, the value of investment fund units is not guaranteed because it fluctuates with the market value of the assets in the investment fund.
Basic amount
The basic amount is used to calculate the value of both basic guaranteed benefits. In general, the basic amount is: The total of all amounts allocated to units Minus a proportional reduction for any units
redeemed To calculate the proportional reduction for any units redeemed, we use the following formula: A x B ÷ C = reduction in the basic amount when: A is the basic amount before the redemption B is the value of the units redeemed C is the market value of the investment funds before the redemption Advisory and management service fees are included as part of the amount of the units redeemed. For more information, see Fees and expenses paid directly by you. If short-term trading fees or other charges apply, they are included as part of the amount of units redeemed. For more information, see Fees and expenses paid directly by you. The basic amount does not include exchanges between funds.
Basic maturity guarantee
On the maturity date, we’ll pay you the greater of: The market value of all your units The basic maturity guarantee of your plan based on
the basic amount
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For the following plans, the basic maturity guarantee is guaranteed to be not less than 75 per cent of the basic amount: Non-registered plans – if you first allocated premiums
to the investment funds 15 years or more before the maturity of the plan
RRSPs – if you first allocate a premium to the investment fund option prior to the annuitant attaining age 60
RRIFs – issued to a Quebec resident LIFs (which have a maturity date) – if you first
allocated premiums to the investment funds 10 years or more before the maturity date of the LIF
There is no basic maturity guarantee for any RRIF, PRIF, LRIF, RLIF or LIF, which does not have a maturity date. If you first allocated premiums to the investment funds in an RRSP when the annuitant is age 60 or older, there is no maturity guarantee unless the value of the units of the investment funds are paid out on a RRIF basis following the maturity date of the RRSP. The automatic maturity date of the RRSP is Dec. 31 in the year you attain age 71. If the value of the units of the investments funds are paid out on a RRIF basis, the maturity guarantee applies on Dec. 31 of the year you attain age 80. For such a RRIF, the basic maturity value is guaranteed to be not less than 75 per cent of: The total of all premiums allocated to the investment
funds in the RRSP Minus a proportional reduction for any units
redeemed from both the RRSP and the RRIF We calculate this proportional reduction the same way we calculate the proportional reduction for the basic amount.
Basic death benefit guarantee
We make a one-time lump-sum payment of the basic death benefit if the last annuitant dies before your plan matures. If we receive satisfactory proof of the last annuitant’s death at our administrative office in London, Ontario or Montreal, Quebec before 3:58 p.m. eastern time on a valuation day, we’ll calculate and process the payment on and as of that day. If we receive the proof after that time, we’ll calculate and process it on and as of the valuation day after we receive the proof. For more information about valuation days, see How we value investment fund units. Also, see When the redemption of
your units may be delayed. We make this payment to the beneficiary of the plan. If there is no beneficiary, we make the payment to you (as the policyowner) or to your estate.
The basic death benefit is the greater of: The market value of all units allocated to investment
funds, or The basic death benefit guarantee, which is 75 per
cent of the basic amount and is determined for each plan
If you have a RRIF and your spouse or common-law partner is the beneficiary, instead of receiving a one-time lump-sum payment, you may choose to have your spouse or common-law partner become the policyowner and annuitant of the plan and continue to receive the regular income payments. In this case, we will pay the death benefit on the death of the spouse or common-law partner, even if, on the death of the first annuitant, we increased the value of the plan to equal the death benefit guarantee applicable on the death of the first annuitant. Once your plan matures, the basic death benefit guarantee no longer applies.
Examples of how redeeming units affects the basic amount and reduces the guaranteed value
Let’s assume you allocated the following premiums to the investment fund:
Date Investment fund Amount you allocated to the investment fund
July 1, 2015
Canadian Equity (GWLIM) $10,000
July 1, 2016
Canadian Equity (GWLIM) $10,000
Your plan would have the following values:
Basic amount: $20,000 Basic maturity guarantee: $20,000 x 75% = $15,000
Basic death benefit guarantee: $20,000 x 75% = $15,000
Let’s also assume that on July 1, 2017, you redeem units of the Canadian Equity (GWLIM) for $4,950.
If the market value is greater than the basic amount
Let’s assume that on July 1, 2017 before you redeem the units, the market value of your Canadian Equity (GWLIM) units is $22,000.
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Your basic amount would be reduced according to the formula: A x B ÷ C = reduction in the basic amount when: A is the basic amount before the redemption ($20,000) B is the value of the units redeemed ($4,950) C is the market value of the investment funds before the redemption ($22,000) $20,000 x $4,950 ÷ $22,000 = $4,500 Your plan would now have the following values:
Basic amount: $20,000 – $4,500 = $15,500 Basic maturity guarantee: $15,500 x 75% = $11,625
Basic death benefit guarantee: $15,500 x 75% = $11,625
If the market value is less than the basic amount
Let’s assume that on July 1, 2017 before you redeem the units, the market value of your Canadian Equity (GWLIM) units is $18,000. Your basic amount would be reduced according to the formula: A x B ÷ C = reduction in the basic amount when: A is the basic amount before the redemption ($20,000) B is the value of the units redeemed ($4,950) C is the market value of the investment funds before the redemption ($18,000) $20,000 x $4,950 ÷ $18,000 = $5,500 Your plan would now have the following values:
Basic amount: $20,000 – $5,500 = $14,500 Basic maturity guarantee: $14,500 x 75% = $10,875
Basic death benefit guarantee: $14,500 x 75% = $10,875
When the basic guaranteed benefits end
These benefits end on the earlier of one of the following dates: The maturity date, once we’ve paid the basic maturity
benefit, or The date the last annuitant dies, once we’ve paid the
basic death benefit
Fees and expenses for managed-money program
This section explains the fees and expenses you pay to us for managing the investment fund and paying for the guarantees (see Fees and expenses paid directly by the
investment fund). The total cost of investing in an investment fund (known as the management expense ratio or MER) is the sum of the investment management fee and the expenses to operate the investment fund. This is further explained below, but in order to find out how much each investment fund will cost you to hold in your policy, you want to look at the MER. For the MERs of each investment fund available under the policy see each of the Fund Facts. In addition, with the managed-money program you must pay an advisory and management service fee. In order to find out how much each investment fund will cost you to hold in your policy, you will want to look at the MER and add your advisory and management service fee. The MERs of each investment fund available under the policy are provided on each of the Fund Facts. Also included on the Funds Facts is the cost of holding the fund using the minimum advisory and management service fee. For example, if you selected to hold units of an investment fund with a MER of 1.27 per cent, you would pay 1.27 per cent. If the advisory and management service fee was 0.50 per cent your total cost would be 1.77 per cent (1.27 per cent plus 0.50 per cent). If the advisory and management service fee was two per cent then your total cost would be 3.27 per cent (1.27 per cent plus 2 per cent). You may also have to pay other fees and expenses as described under Fees and expenses paid directly by you, but these are generally costs that depend on actions taken by you, and will not be imposed unless you do something specific (for example, exchanging units within 90 days of acquiring them), or request a specific additional service (for example, extra copies of annual statements).
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Fees and expenses paid by the
investment fund
Management expense ratio (MER)
The MER is made up of the investment management fee and operating expenses (see below), expressed as an annualized percentage of the investment fund’s average net asset for the year. You do not directly pay the MER. The investment management fee and operating expenses are paid from the investment fund before the unit value of an investment fund is calculated. The MER of an investment fund is subject to change without notice. The current MER is found on each of the Fund Facts. The updated MER is published each year in the audited financial statements, which are available on or about April 30. For more information on how to obtain these statements, see Requests for Fund Facts, financial
statements and other documents.
Investment management fees
An investment management fee, which is a percentage of the market value of each investment fund plus applicable taxes, is deducted from each investment fund on a valuation day and paid to us before we calculate that fund’s unit value. The amount of the fee varies depending on the fund. For more information, see the table Annual investment management fees by fund. When an investment fund invests in an underlying fund, there is no duplication of investment management fees. See Fund-of-funds.
Operating expenses
In addition to investment management fees, we charge other expenses to the investment fund. These expenses are for the operation of the funds and your plan. They include legal, safekeeping, brokerage, administration and audit fees, and taxes. These expenses vary from year to year and from fund to fund. We deduct these operating expenses, plus applicable taxes, from each investment fund on a valuation day, before we calculate that fund’s unit value.
Fund-of-funds
Where the investment funds invest in an underlying fund, the fees and expenses payable in connection with the management, operation and administration of the underlying fund are in addition to those payable by the investment fund. As a result, the investment fund pays its own fees and expenses and its proportionate share of the fees and expenses of the underlying fund; accordingly, this is reflected in the total investment management fee and management expense ratio charged by the investment fund. However, there will be no duplication in the payment of investment management fees in such circumstances.
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Annual investment management fees by fund
The following table shows the current investment management fee for each of our investment funds. The MERs of each investment fund available under the policy are provided on each of the Fund Facts. Also included on the Funds Facts is the cost of holding the fund using the minimum advisory and management service fee. We have the right to change the investment management fees at any time. If we do, we’ll tell you in writing 60 days before we make the change. For more information, see Fundamental changes to the investment funds.
Fund name Basic investment management fee
Asset allocation funds Conservative Portfolio (PSG) 1.15% Moderate Portfolio (PSG) 1.20% Balanced Portfolio (PSG) 1.25% Advanced Portfolio (PSG) 1.30% Aggressive Portfolio (PSG) 1.35% Income allocation funds Conservative Income Portfolio (PSG) 1.15%
Moderate Income Portfolio (PSG) 1.20%
Balanced Income Portfolio (PSG) 1.25%
Advanced Income Portfolio (PSG) 1.30%
Cash and cash equivalent funds Money Market (Portico) 0.65%
Fixed-income funds Fixed-Income Portfolio (PSG) 1.10%
Core Bond (Portico) 0.90% Core Plus Bond (Portico) 0.95% Canadian Bond (Portico) 0.90%
Mortgage (Portico) 1.00%
Government Bond (Portico) 0.90%
International Bond (Brandywine) 1.20% Balanced funds Income (Portico) 0.95% Income (Mackenzie) 1.00% Diversified (GWLIM) 1.00% Equity/Bond (GWLIM) 1.00% Growth & Income (Mackenzie) 1.20% Canadian Balanced (Mackenzie) 1.20% Balanced (Invesco) 1.20% Balanced (Beutel Goodman) 1.20% Global Income (Sentry) 1.20%
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Fund name
Basic investment management fee
Canadian equity funds Canadian Equity Portfolio (PSG) 1.30% Canadian Equity (GWLIM) 1.00% SRI Canadian Equity (GWLIM) 1.10% Canadian Equity Growth (Mackenzie) 1.20% Canadian Equity (Bissett) 1.20% Equity Index (GWLIM) 1.00% Equity (Mackenzie) 1.20% Canadian Equity (Beutel Goodman) 1.20% Canadian Value (FGP) 1.20% Dividend (GWLIM) 1.00% Dividend (Mackenzie) 1.20% Mid Cap Canada (GWLIM) 1.20% Growth Equity (AGF) 1.50% Canadian specialty and alternative funds Real Estate (GWLRA) 1.50%
Canadian Resources (GWLIM) 1.50%
North American funds Smaller Company (Mackenzie) 1.20% Science and Technology (GWLIM) 1.35% Foreign equity funds Global Equity Portfolio (PSG) 1.50% Global Low Volatility (ILIM) 1.35% Foreign Equity(Mackenzie) 1.35% Global Equity (Setanta) 1.35% U.S. Equity (GWLIM) 1.15% American Growth (AGF) 1.35% U.S. Value (London Capital) 1.15% U.S. Mid Cap (GWLIM) 1.35% International Equity (Putnam) 1.35% International Equity (JPMorgan) 1.35% International Growth (Mackenzie) 1.31% International Opportunity (JPMorgan) 1.50%
Foreign specialty and alternative funds European Equity (Setanta) 1.35%
Far East Equity (CLI) 1.40%
Emerging Markets (Mackenzie) 1.50%
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Fees and expenses paid directly by you
You may have to pay the following fees and expenses directly when you invest in a policy: Advisory and management services fee Charge for changing the amount or frequency of
your scheduled periodic income payments Charge for duplicate RRSP receipts and tax slips Policy research fee Short-term trading fee Returned cheque fee Cheque processing and courier fee These fees and expenses are explained in more detail later. You do not pay for the following services: Establishing non-registered or registered policies Pre-authorized payment agreement (PPA) Scheduled periodic income payment Exchanges between investment funds unless you
have been in the investment fund for less than the applicable period (for more information, see Short-term trading)
We reserve the right to charge fees for additional services from time to time and to change the amount or the nature of the fees and expenses paid by you at any time.
Advisory and management services fee
Advisory and management services fee pays for a number of services. Generally, for plans from $250,000 to $499,999, the annual advisory and management services fee is between 1.00 per cent and 1.25 per cent and for plans over $500,000, it is between 0.50 per cent and 1.25 per cent. For more information, see the Fund Facts for each investment fund. The minimum monthly fee is currently $150. Once we agree upon a fee, it cannot be renegotiated for two years unless the value of your plan increases to the next fee level or we change the fee ranges. We, your financial security advisor and you must all agree before the fee can be renegotiated. For more information, please see the Managed money
program section.
Charge for changing the amount or frequency of your scheduled periodic income payments
We may charge up to $60 if you change the amount or frequency of your scheduled periodic income payments more than once per year.
Charge for duplicate RRSP receipts or tax slips
We will give you one duplicate RRSP receipt or a tax slip for the current year without charge, if you ask for it. We may charge $25 for duplicates of RRSP receipts and tax slips issued in all prior years.
Policy research fee
We may charge up to $15 per year of policy history or $35 per hour for researching your policy. You will be advised of the fee before the research begins.
Short-term trading fee
We may charge a short-term trading fee of up to two per cent of the amount exchanged or redeemed if you invest in a fund for less than a 90-day period.
Returned cheque fee
If your pre-authorized payment is returned by your financial institution, we may charge up to $20 to cover the cost of our processing.
Cheque processing and courier fee
You are allowed one partial redemption each calendar quarter without a service fee. For any additional requests within the same calendar quarter, we may charge up to $20 per redemption request. If you request a cheque be sent by courier, we may charge a courier fee for this service.
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Your income tax considerations
This is a general summary of income tax considerations for Canadian residents. It is based on the current Income Tax Act (Canada) and does not take into account any provincial tax laws. The summary does not include all possible tax considerations. The taxation of certain benefits available with these annuities is not certain at this time. You are responsible for the proper reporting of all taxable income and payment of all related taxes. This summary is not intended to offer you tax advice. Consult your tax
advisor about the tax treatment of these annuities
for your personal circumstances.
Tax status of the investment funds
The investment funds are not separate legal entities. They fall under the definition of segregated funds in the Income Tax Act (Canada). For tax purposes, our investment funds are deemed to be trusts that are separate entities from Great-West Life. The assets of the investment funds are kept separate from our general assets. The investment funds generally do not pay income tax because, throughout the year, all of its income and realized capital gains and losses are allocated to you and other investment fund policyowners. The investment funds may have foreign tax withheld on income that is earned by its foreign investments.
Non-registered plans
For income tax purposes, you must report the following investment income that is allocated to you by the investment funds: Interest Dividends from taxable Canadian companies Taxable capital gains or losses Any other investment income When you redeem units of an investment fund you will realize a capital gain or a capital loss, which you must report. Your capital gain (loss) generally will be the amount by which the value of the redemption exceeds (is less than) the adjusted cost base of the units being redeemed. Any exchange will be treated the same as a redemption of your units. Death of the policyowner or transfer of ownership may create capital gains that must be reported.
Once a year, we’ll send you tax reporting slips that show the amounts that must be reported for income tax purposes. These slips will include the capital gain or loss on the redemption or exchange of your units. The slips will also include any tax disposition as a result of a fund being discontinued. The tax information we provide to you will not include adjustments for transactions that generate superficial losses under the Income Tax Act (Canada). To avoid the creation of superficial losses that will be denied for income tax purposes, we recommend you avoid allocating premiums to a fund within 30 days before or after redeeming units of that same fund. Any premiums allocated to a non-registered plan are not tax deductible. The advisory and management services fee is deducted from your plan by selling units of your investment funds. These deductions from a non-registered policy will have tax consequences. Advisory and management services fees paid for a non-registered plan may be a deductible expense for you under current income tax legislation. We recommend you consult with your tax advisor regarding your situation. The tax treatment of a top-up maturity or death benefit guarantee payment is not certain at this time. We recommend that you contact your tax advisor regarding the tax treatment of top-up payments in your particular circumstances. We will report top-up guarantee payments based on our understanding of the tax legislation and the Canada Revenue Agency (CRA) assessing practices at that time. You are responsible for any tax liabilities arising from any change in law, interpretation or CRA assessing practices.
RRSPs
An RRSP is registered under the Income Tax Act (Canada). Generally, the contributions you make to your RRSP are tax deductible up to a certain limit. You do not have to report investment income that is allocated to you by the investment funds in the year that the income is earned. However, for income tax purposes, you must report any redemption you make, unless the money is transferred directly to another plan registered under the Income Tax Act (Canada). Tax will be withheld on redemptions. Payment of top-up maturity or death benefit guarantees into the policy are not taxable. All amounts withdrawn from the registered policy are taxable.
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RRIFs
A RRIF is registered under the Income Tax Act (Canada) as a registered retirement income fund. You can only open a RRIF with money transferred from another plan registered under the Income Tax Act (Canada). You do not have to report investment income that is allocated to you by the investment funds in the year that it’s earned. However, all redemptions are taxable each year and tax may be withheld on these payments. Current income tax regulations require us to withhold income tax on any amount that is redeemed that is in excess of the minimum income. Generally, transfers you make to a RRIF are not tax deductible. Payment of top-up maturity or death benefit guarantees into the policy is not taxable. All amounts withdrawn from the registered policy are taxable.
Administration of the investment funds
Keeping you informed
You will be sent a statement at the end of March, June, September and December. The statement will give you the following information: The total number of units, unit value and market
value for all the investment funds in your Great-West Life investment plan on the statement date
Dollar amount and number of units transferred to and from each investment fund for the statement period
Any income payments made during the statement period for a RRIF, PRIF, LRIF, LIF or RLIF
Any advisory and management services fees charged for the statement period
Any written communications will be sent to you at the most recent address in our records for the policy. Please tell us promptly if your address changes.
Please review your statement and advise your financial security advisor or one of our administrative offices at the address located on the inside front cover if they do not agree with your records. Any discrepancies must be reported in writing within 60 days of the statement date. If we do not hear from you, the statement is deemed to be accurate. We may change the frequency or content of your statement, subject to applicable laws.
Requests for Fund Facts, financial
statements and other documents
The most current Fund Facts for each investment fund is available upon request to Great-West Life’s administrative office at the address on the inside front cover or by visiting our website at Great-West Life website. The most recent annual audited financial statements and semi-annual unaudited financial statements for the investment funds are available upon request from your financial security advisor, by writing to Great-West Life’s administrative office at the address on the inside front cover or by visiting our website at Great-West Life website. The annual audited financial statements for the current financial year will be made available to you after April 30 and the semi-annual unaudited financial statements will be available after Sept. 30 of each year. A detailed description of each investment fund’s investment objective and strategies is available from our head office at the address on the inside front cover. In addition, copies of the simplified prospectus, annual information form, unaudited semi-annual financial statements, audited financial statements, and interim and annual management reports of fund performance of the underlying funds are available upon request from your financial security advisor.
Material contracts
In the last two years, we haven’t entered or amended any contracts that are material to policyowners who invest in our investment funds. There are no material facts of which Great-West Life is aware which relate to the policy that are not disclosed in this information folder. The auditor of the segregated funds is Deloitte & Touche LLP. Deloitte is located at 360 Main Street, Suite 2300, Winnipeg, Manitoba, R3C 3Z3.
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Material transactions
In the last three years, no director, senior officer, associate or affiliate of Great-West Life has had any material interest, direct or indirect, in any transaction or in any proposed transaction that would materially affect the investment funds. We don’t retain a principal broker for buying or selling the underlying investments in the investment funds. We usually arrange these investment transactions through many different brokerage houses.
Assuris protection
Assuris is a not-for-profit corporation, funded by the life insurance industry that protects Canadian policyowners against loss of benefits due to the financial failure of a member company. Details about the extent of Assuris’s protection are available at Assuris Protecting your life insurance Website or in its brochure, which can be obtained from your financial security advisor, life insurance company, Assuris Protecting your life insurance Website or by calling 1-866-878-1225.
Investment policy
We have established investment and lending policies we believe are reasonable and prudent. The investment policies comply with: Federal and provincial pension benefit standards
laws Canadian Life and Health Insurance Association
Inc. (CLHIA) Guidelines on Individual Variable
Insurance Contracts Relating to Segregated Funds approved by the Canadian Council of Insurance Regulators
Autorité des marches financiers (AMF) Guideline
on Individual Variable Insurance Contracts Relating to Segregated Funds, as amended, and approved by Autorité des marches financiers
all as may be amended from time to time. The investment funds may achieve their investment objective and/or investment strategies by either investing directly in securities or in units of one or more underlying funds that have a similar investment objective of the investment fund. If the underlying fund is a mutual fund, the fundamental investment objective of the mutual fund cannot be changed unless approved by the mutual fund unitholders. If such a change is approved, we will give you notice of the change.
The earnings of each investment fund are reinvested in that fund according to its investment objectives and investment strategies. When the fund invests, it doesn’t distinguish between capital and reinvested earnings. The investment funds may lend securities in a manner that is prudent, in the interest of the investment fund, and in compliance with any applicable laws. We may update an investment fund’s investment strategy, including the removal or substitution of underlying funds, without notice to you. The Real Estate Fund (GWLRA) is the only fund that may borrow to buy securities. For more information about the Real Estate Fund (GWLRA), see its Fund
Facts page. The other investment funds do not borrow money except for the purpose of funding redemptions (and only to the extent permitted by applicable regulatory requirements). For a summary of an investment fund’s investment policy, see the Fund Facts section. A detailed description of each investment fund’s investment objective and strategies is available upon request from Great-West Life at the address on the inside of the front cover. In addition, you may request information about the underlying funds, including audited financial statements of the underlying funds by contacting your financial security advisor. The sum of a fund’s exposure to any one corporate entity will not exceed 10 per cent of the value of the fund at the time of investment. Furthermore, the percentage of securities of any one corporate issue that may be acquired is limited to 10 per cent of each class of securities of any one corporate issuer, except for any corporate issue of, or a government security guaranteed by, any government authority in Canada. We will not, in respect of any fund, invest in securities of an issuer for the purpose of exercising control or management.
Performance of investment funds and
underlying funds
The investment objectives and investment strategies of the funds are in many cases similar to the objectives and strategies of a corresponding mutual fund sponsored by our investment advisors. Although the funds have these similar objectives and strategies, and in most cases will have investment portfolios managed by the same individuals, the performance of the mutual funds and the corresponding investment funds will not be identical. This result occurs because not all of the investments of the two groups of funds will be the same in all respects, the investments will be acquired at different times, in different amounts and at different prices, and each fund will have different levels of purchases and redemptions and different pricing structures necessitating different portfolio transactions.
22
Investment managers
We have the right to appoint or change investment managers to provide investment management, investment advisory and related services necessary for the investment and management of investment fund property. We will advise you of any change to an investment manager. We currently retain the following investment managers for our investment funds. AGF Investments Inc. located at P.O. Box 50,
Suite 3100, Toronto-Dominion Bank Tower, Toronto, Ontario, M5K 1E9.
Beutel, Goodman & Company Ltd. located at 20 Eglinton Avenue West, Suite 2000, P.O. Box 2005, Toronto, Ontario, M4R 1K8.
Bissett Investment Management located at 350 7th Ave. S.W., Suite 3100, Calgary, Alberta, T2P 3N9.
Brandywine Global Investment Management,
LLC located at 2929 Arch St, 8th Floor, Philadelphia, Pennsylvania 19104.
Canada Life Investments located at 1-6 Lombard Street, London, England, EC3V 9JU.
Canada Life Investments is the brand for investment management activities undertaken by Canada Life Asset Management Limited.
Foyston, Gordon & Payne Inc. located at 1 Adelaide Street East, Suite 2600, Toronto, Ontario, M5C 4V9.
GLC Asset Management Group Ltd. located at 255 Dufferin Avenue, London, Ontario, N6A 4K1.
GLC Asset Management Group Ltd. manages their investment mandates through four investment management divisions – London Capital Management (London Capital), GWL Investment Management (GWLIM), Portico Investment Management (Portico) and Portfolio Solutions Group (PSG).
GWL Realty Advisors Inc. located at
830-33 Yonge Street, Toronto, Ontario, M5E 1G4. Invesco Canada Ltd., located at 5140 Yonge
Street, Suite 900, Toronto, Ontario, M2N 6X7. Irish Life Investment Managers Limited located
at Beresford Court, Beresford Place, Dublin 1, Ireland.
JPMorgan Asset Management (Canada) Inc. located at Royal Bank Plaza, South Tower, 200 Bay Street, Suite 1800, Toronto, Ontario, M5J 2J2 or 999 West Hastings Street, Suite 600, Vancouver, British Columbia, V6C 2W2.
Mackenzie Investments located at 180 Queen Street West, Toronto, Ontario, M5V 3K1.
Mackenzie Investments is the brand for investment management activities undertaken by Mackenzie Financial Corporation.
Putnam Investments Canada ULC c/o Legal Department located at 180 Queen Street West, Toronto, Ontario M5V 3K1 or One Post Office Square, Boston, Massachusetts, 02109
Sentry Investments Inc. located at 199 Bay Street, Suite 2700, P.O. Box 108, Toronto, Ontario, M5L 1E2.
Setanta Asset Management Limited located at College Park House, 20 Nassau Street, Dublin 2, Ireland.
Mackenzie Investments, Setanta Asset Management Limited and Canada Life Investments are affiliates of Great-West Life. Putnam Investments Canada ULC is a wholly owned subsidiary of Great-West Lifeco Inc. Irish Life Investment Managers Limited is a wholly owned subsidiary of Canada Life. GLC Asset Management Group Ltd. and GWL Realty Advisors Inc. are wholly owned subsidiaries of The Great-West Life Assurance Company. The Great-West Life Assurance Company and Mackenzie Investments are members of the Power Financial Corporation group of companies. Policies are in place to avoid any potential conflicts of interest.
Investment manager review process
Through our investment manager review process, we regularly review and monitor investment managers against our standards and established expectations. These reviews include: A review of performance – absolute and risk-
adjusted – and the consistency of this performance relative to their peer group and benchmark.
A review of the investment policies and procedures of the fund to ensure that the fund objectives, risk tolerances and investment constraints are being met.
A review of qualitative factors such as portfolio turnover and consistency of style.
Our review is carried out by our investment manager review committee. This committee consists of members of senior management with a wide variety of business and investment qualifications.
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Fund risks
Investment funds hold different types of investments – stocks, bonds, other funds, cash – depending on what the fund invests in. Different kinds of investment funds are subject to different risks. The value of the investment funds will vary from day to day because of various factors including changes in interest rates, economic conditions, and market and company news. As a result, the value of investment fund units may go up and down, and the value of your investment may have increased or decreased when you redeem it. Although you can never eliminate risk, you can reduce the risk through diversification, which means investing in a variety of different investments. You can achieve diversification by investing in an asset allocation fund or investing in several investment funds with different risks. In certain circumstances, an investment fund may suspend redemptions. For more information, see When
the redemption of your units may be delayed. On each Fund Facts page the section Who is this fund for? can help you decide if the investment fund might be suitable for you. As well, on each Fund Facts page the investments funds have been rated as to how risky they are – very low to high – in the section How risky is it? This rating, where applicable, has been determined using historical volatility risk as measured by the standard deviation of fund performance. Other types of risk, both measurable and non-measurable, may exist and an investment fund’s historical volatility may not capture all potential risks or be indicative of its future volatility. For example, a fund with a very low or low risk level would be more appropriate for an investor with a short time horizon and seeking capital preservation. A fund with a high risk level would be more appropriate for a long-term investor seeking to grow their capital and can tolerate the up and downs of the stock market. These ratings are meant as a general guide only. You should consult with your financial security advisor who can help you determine your appropriate risk level. Below is a summary of various types of risks that may apply to the investment funds.
Commodity risk
An investment fund that invests in energy and natural resource companies, such as oil, gas, mining and gold, will be affected by changes in commodity prices. Commodity prices tend to be cyclical and can move dramatically in short periods of time. In addition, new discoveries or changes in government regulations can affect the price of commodities.
Credit risk
Credit risk is comprised of default risk, credit spread risk, and downgrade risk. Each can have a negative impact on the value of a fixed income security. Default risk is the risk that the issuer of a bond or
other fixed income security may not be able to pay the interest or the principal at maturity. This risk can change during the term of the fixed income investment.
Credit spread risk is the risk that there will be an increase in the difference between the interest rate of an issuer’s bond and the interest rate of a bond that is considered to have little associated risk, such as a government bond. The difference between these interest rates is called credit spread. An increase in credit spread after the purchase of a fixed income security will decrease the value of that security.
Downgrade risk is the risk that a specialized credit rating agency, such as Standard & Poor’s or Dominion Bond Rating Services will reduce the credit rating of an issuer’s securities. Downgrades in credit rating or other adverse news regarding an issuer can decrease a security’s market value.
Derivative risk
Derivatives are securities whose values are based on, or derived from, an underlying asset, interest rate, exchange rate or market index. They are used to reduce the risks associated with changes in interest rates and exchange rates and to enhance returns. When derivatives are used for a non-hedging purpose, it allows the investment funds to invest indirectly in the returns of one or more stocks or an entire index without actually buying the stock(s) or all the stocks in the index. There are a number of risks associated with derivatives: The value of a derivative may change due to changes
in the market price of securities, interest rates or exchange rates.
It may be difficult to sell a derivative in time to avoid a loss or realize a gain, because there aren’t enough securities trading in the market.
Some types of derivatives also carry the risk that one party to a derivative may fail to make a promised payment.
The portfolio funds and the investment funds that invest directly in an underlying fund don’t invest directly in derivatives. Most of the other investment funds may use derivatives for hedging or reducing risk. They may also use derivative instruments for non-hedging purposes in order to invest indirectly in securities or financial markets and gain exposure to other currencies, provided the use of derivative instruments is consistent with the investment funds’ investment objectives. The
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investment manager may not use derivatives for leverage or pledge the fund’s assets as part of any derivative transaction. Derivatives fall into four basic groups: interest rate contracts, foreign exchange contracts, equity contracts and commodity contracts. Within each of these groups there are different types of derivatives. The most common types are: Options Interest rate swaps An option is a contract that gives the holder of the option the right, but not the obligation, to buy or sell an asset at a specified price within a certain period of time. Forward contracts are similar to futures contracts, but are not traded on exchanges. An interest rate swap is an agreement to trade the interest payments from one security for those of another over a certain period of time. The principal amount of a security is not exchanged in an interest rate swap. The investment manager may use derivatives that are traded on exchanges and sold over-the-counter. Over-the-counter derivatives are subject to additional restrictions set by guidelines and regulations.
Equity risk
Equity investments, such as stocks, carry several risks. The value of shares is affected by stock market conditions where the company’s shares trade, by factors related to each specific company, and by general economic and financial conditions in the countries where the company operates. Equity investment funds generally tend to be more volatile than fixed income investment funds and the value of their securities can vary widely.
Fixed income investment risk
Fixed income investments, such as bonds, carry several risks. In addition to credit risk and interest rate risk, a number of other factors may cause the price of a fixed income investment to fall. For investments in corporate fixed income instruments factors include developments related to each specific company and general financial, economic (other than interest rates) and political conditions in the countries where the company operates. For government fixed income investments, factors include general financial, economic and political conditions.
Foreign currency risk
The net asset value of a segregated fund is calculated in Canadian dollars. The value of securities issued in foreign currencies is affected by changes in the value of the Canadian dollar relative to those currencies. If the Canadian dollar goes down relative to a foreign currency, the value of an investment held in that currency goes up. This change results in an increase in the unit value of the investment fund. The reverse occurs when the dollar goes up against a currency.
Foreign investment risk
Foreign investment risk is the risk of financial loss due to investing in foreign markets. The value of the securities of the investment fund may be affected by general global economic conditions and specific economic conditions in a particular country. The regulatory environment may be less stringent than in North America and many of these countries do not have the same accounting, auditing and reporting standards that apply in North America. The legal systems of some foreign countries may not adequately protect investors. Some foreign stock markets have less trading volume than North American markets, making it more difficult to buy or sell investments. Trading large orders in foreign countries may cause the price to fluctuate more than it would in North America. A country may impose withholding or other taxes that could reduce the return on the investment or it may have foreign investment or exchange laws that make it difficult to sell an investment. There may be political or social instability in the countries in which an investment fund invests.
Index risk
When any investment fund indicates “index” in the fund name, it is considered an index fund. The investment decisions for such an investment fund are based on the investment fund’s permitted index. As such, the investment fund may have more of the net assets of the investment fund invested in one or more issuers than is usually permitted for investment funds. There is a possibility that this could lead to less diversification within the investment fund, and in turn less liquidity of the investment fund. It could also mean that the investment fund volatility is higher than that of a more diversified investment fund, while still tracking the volatility of the permitted index.
Interest rate risk
Interest rate risk is the risk of economic loss caused by changes in interest rates. The value of fixed income securities will change inversely with a corresponding change in interest rates: as interest rates decrease, the value of fixed income securities will increase, and as interest rates increase, the value of fixed-income securities will decrease. Fixed income securities with longer terms-to-maturity are generally more sensitive to
25
interest rate changes than those of shorter terms-to-maturity.
Large withdrawal risk
Some investment funds may have particular investors, including other investment funds, who own a large proportion of the outstanding units. If one of those investors redeems a large amount of their investment, the investment fund may have to sell its portfolio investments at unfavourable prices to meet the withdrawal request. This can result in significant price fluctuations to the net asset value of the investment fund, and may potentially reduce the returns of the investment fund.
Real estate risk
The Real Estate Fund (GWLRA) is the only investment fund that invests directly in real estate. Portfolio funds invest in the Real Estate Fund (GWLRA). The Real Estate Fund (GWLRA), and investment funds that invest in the Real Estate Fund (GWLRA), could experience a delay when a withdrawal request is made due to the relative illiquidity of its real estate holdings. Real estate by nature is not a liquid asset. There is no formal market for trading in real property and very few records are available to the public which give terms and conditions of real property transactions. It may take time to sell real estate investments at a reasonable price. This could limit the fund’s ability to respond quickly to changes in economic or investment conditions. It could also affect the fund’s ability to pay policyowners who want to redeem their units. The fund will keep enough cash on hand to be able to pay for the normal amount of withdrawal requests in a timely manner. However, withdrawals may be suspended during any period that the investment fund does not have sufficient cash or readily marketable securities to meet requests for withdrawals. For more information, see When the
withdrawal of your units may be delayed. The unit value of the Real Estate Fund (GWLRA) will vary with changes in the real estate market and in the appraised values of the properties the fund holds. The value of real estate investments can vary with competition, how attractive the property is to tenants and the level of maintenance. The timing of the annual appraisal may also affect the value of the fund units. The Real Estate Fund (GWLRA) should be
considered as a long-term investment and is not
suitable for investors who may need to quickly
convert their holdings to cash.
In the event the Real Estate Fund (GWLRA) is dissolved, policyowners may receive less than the unit value because the unit value is based on appraisals, which may be greater than the amounts received upon the sale of properties pursuant to a liquidation.
Short selling risk
Certain funds may engage in a disciplined amount of short selling. A short sale is when a fund borrows securities from a lender and then sells the borrowed securities in the open market. The fund must repurchase the securities at a later date in order to return them to the lender. In the interim, the proceeds from the short sale are deposited with the lender and the fund pays interest to the lender in respect of the borrowed securities. If the value of the securities declines between the time that the fund borrows the securities and the time it repurchases and returns the securities, the fund makes a profit for the difference (less any interest the fund pays to the lender). However, there is a risk that the prices of the borrowed securities will rise, and the fund will experience a loss. The fund may also experience difficulties repurchasing and returning the borrowed securities if a liquid market for the securities does not exist. In addition, there is a risk that the lender from whom the fund has borrowed securities may go bankrupt before the repurchase transaction is completed, causing the fund to forfeit the collateral it has deposited with the lender for the borrowed securities. When a fund engages in short selling it adheres to controls and limits that are intended to offset these risks by selling short only securities of larger issuers for which a liquid market is expected to be maintained and by limiting the amount of exposure for short sales. The fund also deposits collateral only with lenders that meet certain criteria for creditworthiness and only up to certain limits. Although segregated funds may not themselves engage in short selling, they may be exposed to short selling risk because the underlying funds in which they invest may be engaged in short selling.
Securities lending, repurchase and reverse repurchase transaction risk
In securities lending transactions, the investment fund lends its portfolio securities to another party (often called counterparty) in exchange for a fee and a form of acceptable collateral. In a repurchase transaction, the investment fund sells its portfolio securities for cash while at the same time it assumes an obligation to repurchase the same securities for cash, usually at a lower cost, at a later date. In a reverse repurchase transaction, the investment fund buys securities for cash while agreeing to resell the same securities for cash, usually at a higher price, at a later date. Below are some of the general risks associated with entering into securities lending, repurchase and reverse repurchase transactions:
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When entering into securities lending repurchase and reverse repurchase transactions, the investment fund is subject to the credit risk that the counterparty may default under the agreement and the investment fund would be forced to make a claim in order to recover the investment.
When recovering its investment on a default, the investment fund could incur a loss if the value of the securities loaned (in a securities lending transaction) or sold (in a repurchase transaction) has increased in value relative to the value of the collateral held by the investment fund.
Similarly, an investment fund could incur a loss if the value of the portfolio securities it has purchased (in a reverse repurchase transaction) decreases below the amount of cash paid by the investment fund to the counterparty.
Smaller company risk
Investing in securities of smaller companies may be riskier than investing in larger, more established companies. Smaller companies may have limited financial resources, a less established market for their shares, and fewer shares issued. This can cause the share prices of smaller companies to fluctuate more than those of larger companies. The market for the shares of small companies may be less liquid. Investments in smaller companies are generally more volatile than investments in larger companies.
Sovereign risk
Sovereign risk is the risk of financial loss due to the government seizure of any assets held in a country. This may be more prevalent in foreign markets that experience great political, social or economic instability. Sovereign risk also arises due to the possibility of less stringent accounting practices and regulatory supervision standards and practices in foreign jurisdictions.
Specialization risk
If an investment fund invests only in specific countries, or in particular types of securities, or in specific markets, the fund’s ability to diversify its investments may be limited. This limited diversification may mean that the investment fund will be less defensive in poor market conditions, meaning a higher likelihood of lower fund performance.
Underlying fund risk
All of the portfolio fund and some of the other investment funds use a fund-of-funds structure whereby the investment fund invests all of its assets in a secondary or underlying fund. Depending on the size of the investment being made by the investment fund in an underlying fund, and the timing of the withdrawal of this investment, an underlying fund could be forced to sell significant assets prematurely to accommodate a large withdrawal request. This may negatively impact the unit price of the underlying fund.
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Fund Facts
This section of the information folder contains individual Fund Facts for each investment fund available to you. You can choose to invest in one or more of these funds. The individual Fund Facts give you an idea of what each investment fund invests in, how it has performed and what fees or charges may apply. The description of each investment fund in the individual Fund Facts is not complete without the following description of What if I change my mind? and For more information.
What if I change my mind?
You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed. Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more information
The Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at the following administrative office: The Great-West Life Assurance Company 255 Dufferin Avenue London, ON N6A 4K1 Web: Great-West Life website Email: On our website please go to the “Contact Us Section on Great-West Life Website” section. Telephone: 1-800-665-5758
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Conservative Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 75 per cent fixed income and 25 per cent equities.
Canadian Bond (Portico) ............................................................. 20.02Core Bond (Portico)..................................................................... 15.01Mortgage (Portico)....................................................................... 13.01Corporate Bond (Portico) .............................................................. 7.01Unconstrained Fixed Income (Mackenzie) .................................... 6.01Bond (Mackenzie) ......................................................................... 6.01Real Estate (GWLRA) ................................................................... 6.00International Bond (Brandywine) ................................................... 5.00Global Equity (Setanta) ................................................................. 3.50Dividend (GWLIM)......................................................................... 3.48Total ............................................................................................ 85.03Total investments: .......................................................................... 15
Bonds.................................................... 63.81Cash & Other Investments.................... 12.97Canadian Equities................................. 11.80United States Equities ............................ 7.50International Equities .............................. 3.92
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,535.48 on December 31, 2016. This works out to an average of 4.38 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 25 per cent invested in equities and is comfortable with low risk.
December 12, 2000 September 24, 1996
GLC Asset Management Group Ltd.
$268,145,393 11.79%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.45 0.50 1.95 420.44 14,096
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
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The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Conservative Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.45
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
29
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Moderate Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 60 per cent fixed income and 40 per cent equities.
Canadian Bond (Portico) ............................................................. 17.93Core Bond (Portico)..................................................................... 13.94Mortgage (Portico)......................................................................... 9.97Foreign Equity (Mackenzie)........................................................... 8.00Real Estate (GWLRA) ................................................................... 7.99Dividend (GWLIM)......................................................................... 7.54Bond (Mackenzie) ......................................................................... 5.98Global Equity (Setanta) ................................................................. 5.04Canadian Equity (GWLIM) ............................................................ 4.52Global Infrastructure Equity (London Capital) ............................... 4.06Total ............................................................................................ 84.96Total investments: .......................................................................... 14
Bonds.................................................... 51.40Canadian Equities................................. 18.67Cash & Other Investments.................... 12.20United States Equities .......................... 11.10International Equities .............................. 6.64
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,570.92 on December 31, 2016. This works out to an average of 4.62 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 40 per cent invested in equities and is comfortable with low to moderate risk.
December 12, 2000 September 24, 1996
GLC Asset Management Group Ltd.
$277,030,042 7.38%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.52 0.50 2.02 429.82 9,789
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-20.00
-10.00
0.00
10.00
20.00
30.00
Very Low Low Low to Moderate Moderate Moderate
to High High
30
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Moderate Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.52
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
31
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 40 per cent fixed income and 60 per cent equities.
Canadian Bond (Portico) ............................................................. 12.87Real Estate (GWLRA) ................................................................... 9.94Canadian Equity (GWLIM) ............................................................ 9.03Global Value (Mackenzie) ............................................................. 8.17Dividend (GWLIM)......................................................................... 7.05Global Equity (Setanta) ................................................................. 7.03Mortgage (Portico)......................................................................... 6.93Core Bond (Portico)....................................................................... 6.93Bond (Mackenzie) ......................................................................... 5.94U.S. Value (London Capital) .......................................................... 5.07Total ............................................................................................ 78.96Total investments: .......................................................................... 16
Bonds.................................................... 34.16Canadian Equities................................. 27.98United States Equities .......................... 18.18International Equities ............................ 11.54Cash & Other Investments...................... 8.14
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,548.53 on December 31, 2016. This works out to an average of 4.47 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 40 per cent invested in fixed income and is comfortable with low to moderate risk.
December 12, 2000 September 24, 1996
GLC Asset Management Group Ltd.
$504,703,767 8.12%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.55 0.50 2.05 411.83 24,558
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-30.00-20.00-10.00
0.0010.0020.0030.00
Very Low Low Low to Moderate Moderate Moderate
to High High
32
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.55
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
33
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Advanced Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 20 per cent fixed income and 80 per cent equities.
Canadian Bond (Portico) ............................................................. 13.62Real Estate (GWLRA) ................................................................... 9.92U.S. Value (London Capital) .......................................................... 9.17Canadian Equity (GWLIM) ............................................................ 9.08Global Value (Mackenzie) ............................................................. 7.20American Growth (AGF)................................................................ 5.53Mid Cap Canada (GWLIM)............................................................ 5.08Dividend (GWLIM)......................................................................... 5.07Canadian Value (CI/Tetrem) .......................................................... 4.05Global Equity (Setanta) ................................................................. 4.04Total ............................................................................................ 72.75Total investments: .......................................................................... 18
Canadian Equities................................. 37.79United States Equities .......................... 23.93Bonds.................................................... 17.18International Equities ............................ 15.88Cash & Other Investments...................... 5.22
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,553.34 on December 31, 2016. This works out to an average of 4.50 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 20 per cent invested in fixed income and is comfortable with low to moderate risk.
December 12, 2000 September 24, 1996
GLC Asset Management Group Ltd.
$207,668,419 3.78%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.60 0.50 2.10 434.85 2,181
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
60.00
Very Low Low Low to Moderate Moderate Moderate
to High High
34
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Advanced Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.60
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
35
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Aggressive Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities. It targets an asset mix of 100 per cent equities.
Canadian Equity (GWLIM) .......................................................... 10.04Real Estate (GWLRA) ................................................................... 9.74U.S. Value (London Capital) .......................................................... 9.20American Growth (AGF)................................................................ 9.02Global Value (Mackenzie) ............................................................. 8.25Mid Cap Canada (GWLIM)............................................................ 8.02Canadian Equity (Laketon)............................................................ 6.97Canadian Value (CI/Tetrem) .......................................................... 6.07International Opportunity (JPMorgan) ........................................... 5.33Canadian Value (FGP) .................................................................. 5.08Total ............................................................................................ 77.72Total investments: .......................................................................... 15
Canadian Equities................................. 47.25United States Equities .......................... 29.54International Equities ............................ 19.80Cash & Other Investments...................... 2.78Bonds...................................................... 0.62
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,551.71 on December 31, 2016. This works out to an average of 4.49 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in equities and is comfortable with moderate risk.
December 12, 2000 September 24, 1996
GLC Asset Management Group Ltd.
$155,279,667 1.36%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.65 0.50 2.15 394.38 43
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
36
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Aggressive Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.65
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
37
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Conservative Income Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 60 to 80 per cent fixed income and 20 to 40 per cent equities.
Canadian Bond (Portico) ............................................................. 21.00Core Bond (Portico)..................................................................... 17.00Mortgage (Portico)....................................................................... 13.00Bond (Mackenzie) ......................................................................... 8.00Unconstrained Fixed Income (Mackenzie) .................................... 7.00International Bond (Brandywine) ................................................... 6.00Real Estate (GWLRA) ................................................................... 6.00North American High Yield Bond (Putnam) ................................... 5.00Foreign Equity (Mackenzie)........................................................... 4.00Dividend (GWLIM)......................................................................... 4.00Total ............................................................................................ 91.00Total investments: .......................................................................... 13
Bonds.................................................... 68.45Cash & Other Investments.................... 13.43Canadian Equities................................... 9.40International Equities .............................. 4.60United States Equities ............................ 4.13
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,505.18 on December 31, 2016. This works out to an average of 4.17 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 20 to 40 per cent invested in equities and is comfortable with low risk.
June 12, 2006 June 12, 2006
GLC Asset Management Group Ltd.
$38,198,806 24.79%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.44 0.50 1.94 318.38 874
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
38
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Conservative Income Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.44
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
39
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Moderate Income Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 40 to 70 per cent fixed income and 30 to 60 per cent equities.
Canadian Bond (Portico) ............................................................. 19.04Core Bond (Portico)..................................................................... 15.03Mortgage (Portico)....................................................................... 10.01Real Estate (GWLRA) ................................................................... 8.00Dividend (GWLIM)......................................................................... 5.97Global Infrastructure Equity (London Capital) ............................... 5.50Bond (Mackenzie) ......................................................................... 5.01Unconstrained Fixed Income (Mackenzie) .................................... 5.01Global Dividend (Setanta) ............................................................. 4.99International Bond (Brandywine) ................................................... 4.50Total ............................................................................................ 83.05Total investments: .......................................................................... 15
Bonds.................................................... 56.31Canadian Equities................................. 16.27Cash & Other Investments.................... 11.37United States Equities ............................ 8.87International Equities .............................. 7.18
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,568.25 on December 31, 2016. This works out to an average of 4.60 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 30 to 60 per cent invested in equities and is comfortable with low to moderate risk.
June 12, 2006 June 12, 2006
GLC Asset Management Group Ltd.
$48,162,742 19.53%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.52 0.50 2.02 336.83 355
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
40
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Moderate Income Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.52
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
41
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced Income Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 25 to 50 per cent fixed income and 50 to 75 per cent equities.
Canadian Bond (Portico) ............................................................. 16.02Core Bond (Portico)..................................................................... 11.01Real Estate (GWLRA) ................................................................... 9.98Dividend (GWLIM)......................................................................... 7.49Foreign Equity (Mackenzie)........................................................... 7.47Global Infrastructure Equity (London Capital) ............................... 7.04Global Dividend (Setanta) ............................................................. 7.02Mortgage (Portico)......................................................................... 7.00Canadian Equity (GWLIM) ............................................................ 6.99U.S. Value (London Capital) .......................................................... 5.98Total ............................................................................................ 86.00Total investments: .......................................................................... 14
Bonds.................................................... 39.23Canadian Equities................................. 25.59United States Equities .......................... 14.69International Equities ............................ 10.38Cash & Other Investments.................... 10.11
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,559.96 on December 31, 2016. This works out to an average of 4.55 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 25 to 50 per cent invested in fixed income and is comfortable with low to moderate risk.
June 12, 2006 June 12, 2006
GLC Asset Management Group Ltd.
$57,117,540 11.87%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.57 0.50 2.07 344.42 1,638
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-30.00-20.00-10.00
0.0010.0020.0030.00
Very Low Low Low to Moderate Moderate Moderate
to High High
42
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced Income Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.57
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
43
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Advanced Income Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 10 to 30 per cent fixed income and 70 to 90 per cent equities.
Foreign Equity (Mackenzie)......................................................... 11.51Real Estate (GWLRA) ................................................................... 9.93Global Dividend (Setanta) ............................................................. 9.59Dividend (GWLIM)......................................................................... 8.52Canadian Equity (GWLIM) ............................................................ 8.02Canadian Bond (Portico) ............................................................... 7.94Global Infrastructure Equity (London Capital) ............................... 7.61Global Value (Mackenzie) ............................................................. 6.03Canadian Equity (Laketon)............................................................ 5.98Mid Cap Canada (GWLIM)............................................................ 5.03Total ............................................................................................ 80.15Total investments: .......................................................................... 15
Canadian Equities................................. 35.40Bonds.................................................... 21.18United States Equities .......................... 19.09International Equities ............................ 14.63Cash & Other Investments...................... 9.69
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,515.41 on December 31, 2016. This works out to an average of 4.24 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 10 to 30 per cent invested in fixed income and is comfortable with low to moderate risk.
June 12, 2006 June 12, 2006
GLC Asset Management Group Ltd.
$8,492,960 14.06%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.62 0.50 2.12 343.61 399
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
Very Low Low Low to Moderate Moderate Moderate
to High High
44
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Advanced Income Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.62
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
45
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Money Market (Portico)
What does the fund invest in?This segregated fund invests primarily in Canadian money market instruments, such as high-quality commercial paper and short-term government debt securities.
Government of Canada 01-26-2017............................................ 12.89Government of Canada 05-18-2017.............................................. 7.84Government of Canada 05-04-2017.............................................. 6.67Government of Canada 03-09-2017.............................................. 5.50CIBC 02-15-2017 .......................................................................... 5.50Government of Canada 02-23-2017.............................................. 5.11Government of Canada 03-23-2017.............................................. 4.32Government of Canada 01-12-2017.............................................. 3.93Bank of Montreal 01-09-2017........................................................ 3.93Government of Canada 02-09-2017.............................................. 3.93Total ............................................................................................ 59.61Total investments: .......................................................................... 38
Bonds.................................................... 98.96Cash & Other Investments...................... 1.04
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,091.19 on December 31, 2016. This works out to an average of 0.88 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 10 years and down in value 0 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person seeking short-term safety and planning to hold their investment for a short period of time.
NotesGreat-West Life is currently waiving a portion of the fees for this fund. There is no obligation on Great-West Life to continue waiving these fees and it may cease to do so at any time without notice. During 2016 Great-West Life waived fees equal to 0.33 per cent.
December 12, 2000 April 30, 1989
GLC Asset Management Group Ltd.
$127,299,302 --
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 0.57 0.50 1.07 251.60 2,960
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 20160.001.002.003.004.005.006.00
Very Low Low Low to Moderate Moderate Moderate
to High High
46
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Money Market (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 0.57
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
47
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Fixed-Income Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian fixed-income securities It targets an asset mix of 100 per cent fixed income.
Canadian Bond (Portico) ............................................................. 24.00Core Bond (Portico)..................................................................... 19.00Mortgage (Portico)....................................................................... 15.00Bond (Mackenzie) ....................................................................... 14.00Unconstrained Fixed Income (Mackenzie) .................................... 8.00Corporate Bond (Portico) .............................................................. 7.00International Bond (Brandywine) ................................................... 7.00Real Return Bond (Portico) ........................................................... 3.00Government Bond (Portico)........................................................... 3.00Total .......................................................................................... 100.00Total investments: ............................................................................ 9
Bonds.................................................... 86.37Cash & Other Investments.................... 13.31Canadian Equities................................... 0.30United States Equities ............................ 0.02
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,417.26 on December 31, 2016. This works out to an average of 3.55 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in fixed income and is comfortable with low risk.
December 12, 2000 December 12, 2000
GLC Asset Management Group Ltd.
$21,963,625 30.56%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.39 0.50 1.89 384.23 375
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
48
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Fixed-Income Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.39
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
49
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Core Bond (Portico)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities issued by governments and corporations.
Government of Canada 3.25% 06-01-2021 .................................. 3.52Government of Canada 2.75% 06-01-2022 .................................. 3.12Government of Canada 3.75% 06-01-2019 .................................. 2.50Government of Canada 4.00% 06-01-2041 .................................. 2.42Government of Canada 1.25% 09-01-2018 .................................. 2.17Government of Canada 5.75% 06-01-2033 .................................. 2.10Government of Canada 2.50% 06-01-2024 .................................. 1.99Government of Canada 3.50% 06-01-2020 .................................. 1.94Government of Canada 5.75% 06-01-2029 .................................. 1.89Province of Ontario 2.60% 06-02-2025......................................... 1.86Total ............................................................................................ 23.50Total investments: ........................................................................ 153
Bonds.................................................... 98.18Cash & Other Investments...................... 1.82
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,436.78 on December 31, 2016. This works out to an average of 3.69 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds its value is affected by changes in interest rates.
December 12, 2000 January 23, 1996
GLC Asset Management Group Ltd.
$207,042,305 11.42%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.19 0.50 1.69 396.67 2,390
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
50
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Core Bond (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.19
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
51
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Core Plus Bond (Portico)
What does the fund invest in?This segregated fund invests primarily in Canadian and foreign fixed income securities issued by governments and corporations.
Canada Housing Trust 2.65% 03-15-2022.................................... 4.84Province of Ontario 4.65% 06-02-2041......................................... 3.85Province of Quebec 4.25% 12-01-2043 ........................................ 3.75Canada Housing Trust 1.25% 12-15-2020.................................... 3.21Government of Canada 3.50% 12-01-2045 .................................. 3.14Government of Canada 1.25% 09-01-2018 .................................. 3.00Canada Housing Trust 1.70% 12-15-2017.................................... 2.86Province of Ontario 2.60% 06-02-2025......................................... 2.76Province of Quebec 2.75% 09-01-2025 ........................................ 2.23Canada Housing Trust 2.35% 09-15-2023.................................... 1.98Total ............................................................................................ 31.61Total investments: .......................................................................... 97
Bonds.................................................... 98.32Cash & Other Investments...................... 1.68
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,437.05 on December 31, 2016. This works out to an average of 3.69 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking the potential for interest income and wants exposure to Canadian and foreign fixed income securities in their portfolio and is comfortable with low risk. Since the fund invests in bonds its value is affected by changes in interest rates.
June 12, 2006 June 12, 2006
GLC Asset Management Group Ltd.
$33,042,321 35.76%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.24 0.50 1.74 298.77 3,261
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
52
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Core Plus Bond (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.24
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
53
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Bond (Portico)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities issued by governments and corporations.
Canada Housing Trust 2.65% 03-15-2022.................................... 4.71Canada Housing Trust 1.70% 12-15-2017.................................... 4.18Province of Quebec 4.25% 12-01-2043 ........................................ 3.76Province of Ontario 4.65% 06-02-2041......................................... 3.72Overnight Deposits........................................................................ 3.68Canada Housing Trust 2.90% 06-15-2024.................................... 3.34Canada Housing Trust 1.25% 12-15-2020.................................... 3.20Province of Ontario 2.60% 06-02-2025......................................... 2.67Province of Ontario 4.70% 06-02-2037......................................... 2.64Canada Housing Trust 1.75% 06-15-2018.................................... 2.35Total ............................................................................................ 34.27Total investments: .......................................................................... 89
Bonds.................................................... 96.06Cash & Other Investments...................... 3.94
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,429.02 on December 31, 2016. This works out to an average of 3.63 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds its value is affected by changes in interest rates.
December 12, 2000 April 30, 1989
GLC Asset Management Group Ltd.
$627,241,923 26.44%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.19 0.50 1.69 397.84 1,907
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
54
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Bond (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.19
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
55
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Mortgage (Portico)
What does the fund invest in?This segregated fund invests primarily in mortgages on Canadian residential and commercial properties.
Mortgages ................................................................................... 73.25Government of Canada 1.25% 09-01-2018 .................................. 2.84OMERS Realty Corp 3.04% 12-05-2017....................................... 2.61Government of Canada 1.75% 03-01-2019 .................................. 2.52PSPIB-Re Summit Inc 3.266 06-12-2020...................................... 2.22Canada Housing Trust 1.70% 12-15-2017.................................... 2.02ARI FCP 3.559% 12-01-2023........................................................ 1.61Province of Ontario 4.20% 06-02-2020......................................... 1.28Canada Housing Trust 3.35% 12-15-2020.................................... 1.26BP LP 3.244% 01-09-2020............................................................ 1.22Total ............................................................................................ 90.83Total investments: .......................................................................... 30
Cash & Other Investments.................... 73.79Bonds.................................................... 26.21
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,425.47 on December 31, 2016. This works out to an average of 3.61 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 10 years and down in value 0 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in mortgages its value is affected by changes in interest rates.
December 12, 2000 April 30, 1989
GLC Asset Management Group Ltd.
$851,394,440 13.38%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.28 0.50 1.78 394.92 9,181
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 20160.002.004.006.008.00
10.0012.00
Very Low Low Low to Moderate Moderate Moderate
to High High
56
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Mortgage (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.28
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
57
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Government Bond (Portico)
What does the fund invest in?This segregated fund invests primarily in fixed income securities issued by Canadian governments.
Canada Housing Trust 4.10% 12-15-2018.................................... 7.19Canada Housing Trust 1.70% 12-15-2017.................................... 6.70Canada Housing Trust 2.00% 12-15-2019.................................... 6.33Canada Housing Trust 1.25% 12-15-2020.................................... 5.91Canada Housing Trust 1.95% 06-15-2019.................................... 5.73Canada Housing Trust 3.80% 06-15-2021.................................... 4.90Government of Canada 1.50% 03-01-2020 .................................. 4.89Canada Housing Trust 2.35% 12-15-2018.................................... 3.97Province of Ontario 2.10% 09-08-2018......................................... 3.94Province of Quebec 3.50% 12-01-2022 ........................................ 3.91Total ............................................................................................ 53.46Total investments: .......................................................................... 42
Bonds.................................................... 98.92Cash & Other Investments...................... 1.08
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,283.83 on December 31, 2016. This works out to an average of 2.53 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds its value is affected by changes in interest rates.
December 12, 2000 November 8, 1994
GLC Asset Management Group Ltd.
$16,341,796 52.31%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.19 0.50 1.69 325.19 1,146
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
58
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Government Bond (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.19
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
59
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Bond (Brandywine)
What does the fund invest in?This segregated fund invests primarily in fixed-income securities issued by governments and corporations currently through the Legg Mason Brandywine Global Fixed Income Fund.
GBP/USD FWD 03-09-2017.......................................................... 9.86US Dollar ....................................................................................... 6.32UK TSY GILT 1.25% 07-22-2018 .................................................. 6.22SEK/USD FWD 03-06-2017 .......................................................... 5.89Ned Waterschapbk Flt 02-14-2018 144A ...................................... 5.23NOK/USD FWD 01-13-2017 ......................................................... 5.23Kommunalbanken Flt 02/20/2018 144A........................................ 5.11US Treasury N/B 2.875% 11-15-2046 ........................................... 5.02Mexican Bonos 7.75% 11-13-2042 ............................................... 4.04MXN/USD FWD 01-12-2017 ......................................................... 3.95Total ............................................................................................ 56.87Total investments: .......................................................................... 51
Bonds.................................................... 93.37Cash & Other Investments...................... 6.30United States Equities ............................ 0.31
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,577.58 on December 31, 2016. This works out to an average of 4.66 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income and wants exposure to foreign fixed-income securities in their portfolio and is comfortable with low to moderate risk. Since the fund invests in bonds its value is affected by changes in interest rates.
December 12, 2000 November 8, 1994
Brandywine Global Investment Management, LLC
$81,787,136 8.15%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.44 0.50 1.94 360.16 3,161
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments (of the underlying fund) Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-20.00
-10.00
0.00
10.00
20.00
30.00
Very Low Low Low to Moderate Moderate Moderate
to High High
60
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Bond (Brandywine)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.44
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
61
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Income (Portico)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities with exposure to Canadian and foreign stocks.
Royal Bank of Canada .................................................................. 2.92Toronto-Dominion Bank................................................................. 2.91Province of Quebec 4.25% 12-01-2043 ........................................ 2.82BCE INC........................................................................................ 2.54Bank of Montreal ........................................................................... 2.40Bank of Nova Scotia...................................................................... 2.39Government of Canada 2.25% 06-01-2025 .................................. 2.35Province of Ontario 3.50% 06-02-2043......................................... 2.27Overnight Deposits........................................................................ 2.21Canadian Imperial Bank of Commerce ......................................... 2.10Total ............................................................................................ 24.91Total investments: ........................................................................ 131
Bonds.................................................... 63.60Canadian Equities................................. 33.69Cash & Other Investments...................... 2.71
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,577.79 on December 31, 2016. This works out to an average of 4.67 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to Canadian bonds and Canadian and foreign stocks and is comfortable with low risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 8, 1994
GLC Asset Management Group Ltd.
$172,026,978 29.32%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.23 0.50 1.73 450.93 14,492
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10.00
-5.00
0.00
5.00
10.00
15.00
Very Low Low Low to Moderate Moderate Moderate
to High High
62
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Income (Portico)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.23
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
63
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Income (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities and stocks with exposure to foreign stocks.
Province of Ontario 2.40% 06-02-2026......................................... 3.96Province of Quebec 2.50% 09-01-2026 ........................................ 2.52Province of Quebec 3.50% 12-01-2045 ........................................ 1.74Government of Canada 1.25% 12-01-2047 .................................. 1.45Government of Canada 01-04-2017.............................................. 1.22Toronto-Dominion Bank................................................................. 1.16Bank of Nova Scotia...................................................................... 1.03Government of Canada 1.50% 06-01-2026 .................................. 0.99Province of Ontario 0% 12-02-2023 Generic Strip ........................ 0.96US Treasury Inflation Index 1.00% 02-15-2046 Real Return ........ 0.92Total ............................................................................................ 15.95Total investments: ........................................................................ 419
Bonds.................................................... 68.84Canadian Equities................................. 15.97United States Equities ............................ 7.39International Equities .............................. 6.91Cash & Other Investments...................... 0.89
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,559.24 on December 31, 2016. This works out to an average of 4.54 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and Canadian and foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Mackenzie Investments
$82,210,960 115.60%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.30 0.50 1.80 500.37 7,070
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-20.00
-10.00
0.00
10.00
20.00
30.00
Very Low Low Low to Moderate Moderate Moderate
to High High
64
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Income (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.30
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
65
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Diversified (GWLIM)
What does the fund invest in?This segregated fund invests in Canadian fixed-income securities and Canadian and foreign equities through various Great-West Life segregated funds.
Canadian Equity (GWLIM) .......................................................... 24.36Canadian Bond (Portico) ............................................................. 21.62Mortgage (Portico)....................................................................... 12.85Real Estate (GWLRA) ................................................................. 10.01U.S. Equity (GWLIM)..................................................................... 8.12International Equity (JPMorgan).................................................... 6.00Mid Cap Canada (GWLIM)............................................................ 5.09Emerging Markets (Mackenzie)..................................................... 4.87U.S. Mid Cap (GWLIM) ................................................................. 3.05Equity Index (GWLIM) ................................................................... 3.05Total ............................................................................................ 99.00Total investments: .......................................................................... 11
Canadian Equities................................. 39.04Bonds.................................................... 25.75United States Equities .......................... 12.44Cash & Other Investments.................... 11.56International Equities ............................ 11.20
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,559.60 on December 31, 2016. This works out to an average of 4.54 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term, wants exposure to fixed income and equities in a single fund and is comfortable with low to moderate risk.
December 12, 2000 March 31, 1988
GLC Asset Management Group Ltd.
$420,897,983 15.05%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.28 0.50 1.78 418.50 2,130
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00
-40.00
-20.00
0.00
20.00
40.00
Very Low Low Low to Moderate Moderate Moderate
to High High
66
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Diversified (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.28
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
67
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Equity/Bond (GWLIM)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities and stocks with exposure to foreign stocks.
GWL International Equity Fund 13.01 JPM ................................... 9.03Toronto-Dominion Bank................................................................. 3.14Royal Bank of Canada .................................................................. 2.91Bank of Nova Scotia...................................................................... 2.22Canadian National Railway Co...................................................... 1.66Canada Housing Trust 1.70% 12-15-2017.................................... 1.56Canada Housing Trust 2.65% 03-15-2022.................................... 1.49Suncor Energy Inc......................................................................... 1.24Manulife Financial Corp................................................................. 1.21Canadian Imperial Bank of Commerce ......................................... 1.20Total ............................................................................................ 25.67Total investments: ........................................................................ 221
Canadian Equities................................. 41.93Bonds.................................................... 31.26United States Equities .......................... 15.34Cash & Other Investments...................... 1.71International Equities .............................. 0.74
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,539.89 on December 31, 2016. This works out to an average of 4.41 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and Canadian and foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 March 31, 1988
GLC Asset Management Group Ltd.
$98,379,785 45.84%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.27 0.50 1.77 394.78 2,244
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00
-40.00
-20.00
0.00
20.00
40.00
Very Low Low Low to Moderate Moderate Moderate
to High High
68
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Equity/Bond (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.27
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
69
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Growth & Income (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities and stocks with exposure to foreign stocks.
Loblaw Co Ltd ............................................................................... 4.12Brookfield Asset Management....................................................... 4.06Alimentation Couche-Tard CL B .................................................... 3.53Province of Alberta 02-14-2017..................................................... 3.50Onex Corp ..................................................................................... 3.40Pembina Pipeline Corp.................................................................. 3.40Shaw Communications Inc............................................................ 3.06Crescent Point Energy Corp.......................................................... 3.05Toronto-Dominion Bank................................................................. 3.01Manulife Financial Corp................................................................. 2.95Total ............................................................................................ 34.07Total investments: ........................................................................ 284
Canadian Equities................................. 50.69Bonds.................................................... 22.11United States Equities .......................... 17.48International Equities .............................. 6.87Cash & Other Investments...................... 2.85
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,644.18 on December 31, 2016. This works out to an average of 5.10 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and Canadian and foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Mackenzie Investments
$57,123,776 95.64%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.50 0.50 2.00 469.72 856
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-30.00-20.00-10.00
0.0010.0020.0030.00
Very Low Low Low to Moderate Moderate Moderate
to High High
70
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Growth & Income (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.50
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
71
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Balanced (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities and stocks with exposure to foreign stocks.
Province of Ontario 2.40% 06-02-2026......................................... 5.32Toronto-Dominion Bank................................................................. 2.61Canada Housing Trust 1.90% 09-15-2026.................................... 2.17Royal Bank of Canada .................................................................. 2.00Canadian National Railway Co...................................................... 1.52Province of Quebec 2.50% 09-01-2026 ........................................ 1.51Bank of Nova Scotia...................................................................... 1.34Canadian Natural Resources Ltd .................................................. 1.24Bank of Montreal ........................................................................... 1.12Total Cash ..................................................................................... 1.11Total ............................................................................................ 19.94Total investments: ........................................................................ 237
Bonds.................................................... 40.02Canadian Equities................................. 32.19United States Equities .......................... 16.90International Equities .............................. 9.39Cash & Other Investments...................... 1.50
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,441.08 on December 31, 2016. This works out to an average of 3.72 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and Canadian and foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 December 12, 2000
Mackenzie Investments
$17,251,706 156.23%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.55 0.50 2.05 422.74 1,656
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-30.00-20.00-10.00
0.0010.0020.0030.00
Very Low Low Low to Moderate Moderate Moderate
to High High
72
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Balanced (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.55
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
73
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced (Invesco)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities and stocks with exposure to foreign stocks.
Bank of Nova Scotia...................................................................... 6.19Toronto-Dominion Bank................................................................. 5.98Brookfield Asset Management....................................................... 5.53Berkshire Hathaway Inc. Class B .................................................. 3.86Manulife Financial Corp................................................................. 3.30CarMax.......................................................................................... 2.63Deere & Co.................................................................................... 2.50Royal Bank of Canada .................................................................. 2.49Wells Fargo & Co. ......................................................................... 2.21Total Cash ..................................................................................... 2.20Total ............................................................................................ 36.88Total investments: ........................................................................ 117
Canadian Equities................................. 41.94Bonds.................................................... 30.54United States Equities .......................... 21.54International Equities .............................. 3.92Cash & Other Investments...................... 2.06
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,545.05 on December 31, 2016. This works out to an average of 4.45 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 6 years and down in value 4 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and Canadian and foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Invesco Canada Ltd.
$36,052,167 20.34%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.50 0.50 2.00 474.34 916
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
60.00
Very Low Low Low to Moderate Moderate Moderate
to High High
74
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced (Invesco)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.50
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
75
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced (Beutel Goodman)
What does the fund invest in?This segregated fund invests primarily in Canadian fixed income securities and stocks with exposure to foreign stocks.
Toronto-Dominion Bank................................................................. 4.03Royal Bank of Canada .................................................................. 4.02Rogers Communication Inc ........................................................... 2.87Bank of Nova Scotia...................................................................... 2.80Cenovus Energy Inc ...................................................................... 2.17Canadian Natural Resources Ltd .................................................. 2.04Magna International Inc................................................................. 1.90Brookfield Asset Management....................................................... 1.84Verizon Communications Inc......................................................... 1.84Parker Hannifin Corp..................................................................... 1.72Total ............................................................................................ 25.23Total investments: ........................................................................ 216
Canadian Equities................................. 39.36Bonds.................................................... 33.22United States Equities .......................... 24.12International Equities .............................. 2.97Cash & Other Investments...................... 0.33
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,847.04 on December 31, 2016. This works out to an average of 6.33 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 9 years and down in value 1 year of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and Canadian and foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Beutel, Goodman & Company Ltd.
$190,754,810 80.02%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.51 0.50 2.01 549.03 11,340
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-20.00
-10.00
0.00
10.00
20.00
30.00
Very Low Low Low to Moderate Moderate Moderate
to High High
76
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Balanced (Beutel Goodman)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.51
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
77
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Income (Sentry)
What does the fund invest in?This segregated fund invests primarily in fixed income securities and stocks anywhere in the world.
Sentry Canadian Core Fixed Income Private Trust Series I........ 52.27Sentry U.S. Equity Income Private Trust Series I........................ 11.10Sentry Global High Yield Fixed Income Private Trust Series I .... 10.16Sentry Canadian Equity Income Private Trust Series I ................. 7.93Sentry International Equity Income Private Trust Series I ............. 7.68Sentry Global Infrastructure Private Trust Series I ........................ 3.38Sentry Global Real Estate Private Trust Series I........................... 3.37Sentry Energy Private Trust Series I ............................................. 2.51Sentry Precious Metals Private Trust Series I ............................... 1.65Due from brokers........................................................................... 0.20Total .......................................................................................... 100.24Total investments: .......................................................................... 15
Bonds.................................................... 60.52Canadian Equities................................. 13.77United States Equities .......................... 13.25International Equities ............................ 11.05Cash & Other Investments...................... 1.42
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,491.36 on December 31, 2016. This works out to an average of 4.08 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to Canadian and foreign bonds and stocks and is comfortable with low to moderate risk. Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.
NotesEffective November 2016 Sentry Investments Inc. assumed portfolio management responsibilities for the Growth & Income Fund (AGF). The name of the fund changed to Global Income Fund (Sentry) from Growth & Income Fund (AGF). The investment objective of the segregated fund changed from investing primarily in Canadian fixed income securities and stocks to investing primarily in fixed income securities and stocks anywhere in the world. The performance before that date was achieved under the previous manager and investment objective.
December 12, 2000 January 23, 1996
Sentry Investments
$23,907,425 160.13%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.50 0.50 2.00 451.51 561
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-20.00
-10.00
0.00
10.00
20.00
30.00
Very Low Low Low to Moderate Moderate Moderate
to High High
78
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Income (Sentry)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.50
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
79
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian equities. It targets an asset mix of 100 per cent equities.
Dividend (GWLIM)....................................................................... 20.00Canadian Equity (GWLIM) .......................................................... 15.00Canadian Equity (Beutel Goodman)............................................ 15.00Canadian Value (CI/Tetrem) ........................................................ 12.00Canadian Equity (Laketon).......................................................... 10.00Canadian Equity (Bissett)............................................................ 10.00Canadian Equity Growth (Mackenzie)......................................... 10.00Mid Cap Canada (GWLIM)............................................................ 8.00Total .......................................................................................... 100.00Total investments: ............................................................................ 8
Canadian Equities................................. 85.43United States Equities ............................ 9.35International Equities .............................. 2.73Cash & Other Investments...................... 2.19Bonds...................................................... 0.29
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,552.10 on December 31, 2016. This works out to an average of 4.49 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in equities and is comfortable with moderate risk.
December 12, 2000 December 12, 2000
GLC Asset Management Group Ltd.
$22,865,396 21.81%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.62 0.50 2.12 479.83 4,210
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
80
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.62
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
81
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity (GWLIM)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Toronto-Dominion Bank................................................................. 7.23Royal Bank of Canada .................................................................. 6.88Bank of Nova Scotia...................................................................... 5.31Canadian National Railway Co...................................................... 3.93Suncor Energy Inc......................................................................... 2.90Canadian Imperial Bank of Commerce ......................................... 2.85Bank of Montreal ........................................................................... 2.69Enbridge Inc .................................................................................. 2.67Manulife Financial Corp................................................................. 2.59Keyera Corp .................................................................................. 2.59Total ............................................................................................ 39.64Total investments: .......................................................................... 70
Canadian Equities................................. 93.11United States Equities ............................ 5.93Cash & Other Investments...................... 0.96
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,526.91 on December 31, 2016. This works out to an average of 4.32 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 April 30, 1989
GLC Asset Management Group Ltd.
$595,566,709 59.60%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.28 0.50 1.78 449.97 6,561
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
82
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.28
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
83
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
SRI Canadian Equity (GWLIM)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks that conduct their business in a socially responsible manner with exposure to foreign stocks.
Toronto-Dominion Bank................................................................. 7.19Royal Bank of Canada .................................................................. 6.81Bank of Nova Scotia...................................................................... 5.30Canadian National Railway Co...................................................... 3.90Canadian Imperial Bank of Commerce ......................................... 2.85Suncor Energy Inc......................................................................... 2.85Bank of Montreal ........................................................................... 2.70Enbridge Inc .................................................................................. 2.65Manulife Financial Corp................................................................. 2.58Brookfield Asset Management....................................................... 2.50Total ............................................................................................ 39.33Total investments: .......................................................................... 68
Canadian Equities................................. 91.93United States Equities ............................ 6.26Cash & Other Investments...................... 1.81
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,573.60 on December 31, 2016. This works out to an average of 4.64 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
NotesEffective November 2016 GLC Asset Management Group Ltd. renamed the segregated fund from Ethics (GWLIM) to SRI Canadian Equity (GWLIM). No other changes were made to the segregated fund.
December 12, 2000 December 12, 2000
GLC Asset Management Group Ltd.
$78,374,033 63.28%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.40 0.50 1.90 552.38 182
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
84
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
SRI Canadian Equity (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.40
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
85
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity Growth (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Toronto-Dominion Bank................................................................. 4.36Royal Bank of Canada .................................................................. 3.36Canadian National Railway Co...................................................... 2.56Bank of Nova Scotia...................................................................... 2.25Canadian Natural Resources Ltd .................................................. 2.17Bank of Montreal ........................................................................... 1.85Saputo Inc ..................................................................................... 1.68Manulife Financial Corp................................................................. 1.64Alimentation Couche-Tard CL B .................................................... 1.59First Quantum Minerals Ltd ........................................................... 1.58Total ............................................................................................ 23.05Total investments: ........................................................................ 112
Canadian Equities................................. 54.84United States Equities .......................... 28.23International Equities ............................ 16.14Cash & Other Investments...................... 0.78
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,396.69 on December 31, 2016. This works out to an average of 3.40 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 December 12, 2000
Mackenzie Investments
$11,668,649 93.31%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.52 0.50 2.02 458.58 2,827
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
86
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity Growth (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.52
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
87
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity (Bissett)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Brookfield Asset Management....................................................... 6.56Toronto-Dominion Bank................................................................. 6.10Royal Bank of Canada .................................................................. 5.87Canadian Imperial Bank of Commerce ......................................... 5.41Canadian National Railway Co...................................................... 5.02Bank of Montreal ........................................................................... 4.28Restuarant Brands International Inc.............................................. 4.26Onex Corp ..................................................................................... 4.17Bank of Nova Scotia...................................................................... 3.84CP Railway Ltd .............................................................................. 3.48Total ............................................................................................ 48.98Total investments: .......................................................................... 56
Canadian Equities................................. 97.89Cash & Other Investments...................... 2.11
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,880.93 on December 31, 2016. This works out to an average of 6.52 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks which includes moderate exposure to foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Bissett Investment Management
$60,501,141 9.23%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.50 0.50 2.00 512.60 1,253
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
88
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity (Bissett)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.50
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
89
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Equity Index (GWLIM)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks.
Royal Bank of Canada .................................................................. 6.64Toronto-Dominion Bank................................................................. 6.06Bank of Nova Scotia...................................................................... 4.45Suncor Energy Inc......................................................................... 3.60Canadian National Railway Co...................................................... 3.41Bank of Montreal ........................................................................... 3.07Enbridge Inc .................................................................................. 2.61Transcanada Corp......................................................................... 2.57BCE INC........................................................................................ 2.49Canadian Natural Resources Ltd .................................................. 2.33Total ............................................................................................ 37.23Total investments: ........................................................................ 256
Canadian Equities................................. 99.01International Equities .............................. 0.60Cash & Other Investments...................... 0.31United States Equities ............................ 0.08
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,421.98 on December 31, 2016. This works out to an average of 3.58 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 April 30, 1989
GLC Asset Management Group Ltd.
$54,315,561 25.05%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.27 0.50 1.77 405.48 316
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
90
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Equity Index (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.27
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
91
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Equity (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Loblaw Co Ltd ............................................................................... 4.27Brookfield Asset Management....................................................... 4.16Omnicom Group Inc. ..................................................................... 3.74Province of Ontario 01-11-2017 .................................................... 3.71Pembina Pipeline Corp.................................................................. 3.68Alimentation Couche-Tard CL B .................................................... 3.64United Parcel Service Inc. (UPS) Class B..................................... 3.57Onex Corp ..................................................................................... 3.55W.W. Grainger Inc. ........................................................................ 3.36Crescent Point Energy Corp.......................................................... 3.28Total ............................................................................................ 36.96Total investments: .......................................................................... 52
Canadian Equities................................. 53.43United States Equities .......................... 27.22International Equities ............................ 10.96Bonds...................................................... 6.85Cash & Other Investments...................... 1.55
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,683.88 on December 31, 2016. This works out to an average of 5.35 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with low to moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Mackenzie Investments
$53,852,937 52.14%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.51 0.50 2.01 468.07 1,694
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
60.00
Very Low Low Low to Moderate Moderate Moderate
to High High
92
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Equity (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.51
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
93
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity (Beutel Goodman)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Toronto-Dominion Bank................................................................. 7.52Royal Bank of Canada .................................................................. 7.49Rogers Communication Inc ........................................................... 5.35Bank of Nova Scotia...................................................................... 5.22Cenovus Energy Inc ...................................................................... 4.07Canadian Natural Resources Ltd .................................................. 3.81Magna International Inc................................................................. 3.54Brookfield Asset Management....................................................... 3.43Canadian Imperial Bank of Commerce ......................................... 3.17Agrium Inc. .................................................................................... 2.65Total ............................................................................................ 46.26Total investments: .......................................................................... 64
Canadian Equities................................. 73.28United States Equities .......................... 21.43International Equities .............................. 2.65Bonds...................................................... 1.76Cash & Other Investments...................... 0.87
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,939.07 on December 31, 2016. This works out to an average of 6.85 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Beutel, Goodman & Company Ltd.
$102,097,826 16.56%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.51 0.50 2.01 621.74 5,635
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
94
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Equity (Beutel Goodman)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.51
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
95
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Value (FGP)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Bank of Nova Scotia...................................................................... 7.73Royal Bank of Canada .................................................................. 7.65Suncor Energy Inc......................................................................... 6.70Canadian Natural Resources Ltd .................................................. 5.64Toronto-Dominion Bank................................................................. 5.50Imperial Oil Ltd .............................................................................. 4.37Magna International Inc................................................................. 4.27Industrial Alliance Insurance & Finance ........................................ 4.10Husky Energy Inc. ......................................................................... 4.06Canadian Imperial Bank of Commerce ......................................... 4.05Total ............................................................................................ 54.06Total investments: .......................................................................... 38
Canadian Equities................................. 99.50Cash & Other Investments...................... 0.50
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,141.74 on December 31, 2016. This works out to an average of 1.33 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 5 years and down in value 5 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
NotesEffective November 2016 Foyston, Gordon & Payne Inc. (FGP) assumed portfolio management responsibilities for the Canadian Value Fund (Invesco). The name of the fund changed to Canadian Value Fund (FGP) from Canadian Value Fund (Invesco). The performance before that date was achieved under the previous investment manager. No other changes were made to the segregated fund.
December 12, 2000 November 25, 1997
Foyston Gordon and Payne
$14,051,813 125.18%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.50 0.50 2.00 390.95 1,215
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
96
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Value (FGP)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.50
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
97
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Dividend (GWLIM)
What does the fund invest in?This segregated fund invests primarily in dividend yielding Canadian stocks.
Royal Bank of Canada .................................................................. 6.36Bank of Nova Scotia...................................................................... 5.70Toronto-Dominion Bank................................................................. 5.66Overnight Deposits........................................................................ 5.62Transcanada Corp......................................................................... 2.99Manulife Financial Corp................................................................. 2.95Enbridge Inc .................................................................................. 2.80Canadian National Railway Co...................................................... 2.73Bank of Montreal ........................................................................... 2.40Canadian Imperial Bank of Commerce ......................................... 2.18Total ............................................................................................ 39.39Total investments: .......................................................................... 84
Canadian Equities................................. 84.08United States Equities ............................ 6.83Cash & Other Investments...................... 6.00International Equities .............................. 2.96Bonds...................................................... 0.12
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,800.81 on December 31, 2016. This works out to an average of 6.06 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking dividend income along with the growth potential of stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 25, 1997
GLC Asset Management Group Ltd.
$608,290,470 14.18%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.28 0.50 1.78 680.55 33,786
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
98
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Dividend (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.28
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
99
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Dividend (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in dividend yielding Canadian stocks.
Toronto-Dominion Bank................................................................. 6.24Bank of Nova Scotia...................................................................... 5.38Royal Bank of Canada .................................................................. 4.66Manulife Financial Corp................................................................. 4.52Transcanada Corp......................................................................... 4.31Bank of Montreal ........................................................................... 3.98CP Railway Ltd .............................................................................. 2.92Brookfield Asset Management....................................................... 2.55Suncor Energy Inc......................................................................... 2.53Canadian Natural Resources Ltd .................................................. 2.51Total ............................................................................................ 39.60Total investments: ........................................................................ 135
Canadian Equities................................. 79.92United States Equities ............................ 9.55International Equities .............................. 8.78Cash & Other Investments...................... 1.75
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,450.03 on December 31, 2016. This works out to an average of 3.79 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 6 years and down in value 4 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking dividend income along with the growth potential of stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 December 12, 2000
Mackenzie Investments
$65,593,415 39.75%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.52 0.50 2.02 526.26 2,748
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
100
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Dividend (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.52
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
101
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Mid Cap Canada (GWLIM)
What does the fund invest in?This segregated fund invests primarily in Canadian companies that are in the middle capitalization range of the equity market with exposure to foreign stocks.
Boyd Group Income Fund ............................................................. 5.72Kinaxis Inc ..................................................................................... 4.28Badger Daylighting Ltd .................................................................. 4.22Intertape Polymer Group Inc ......................................................... 4.05Winpak Ltd .................................................................................... 3.51Overnight Deposits........................................................................ 3.44CCL Industries Inc ......................................................................... 3.40Descartes Systems Group Inc....................................................... 2.95Equitable Group INC ..................................................................... 2.94Enghouse Systems Ltd ................................................................. 2.71Total ............................................................................................ 37.21Total investments: .......................................................................... 67
Canadian Equities................................. 89.15United States Equities ............................ 7.41Cash & Other Investments...................... 3.44
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,687.64 on December 31, 2016. This works out to an average of 5.37 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks of smaller companies, which includes moderate exposure to foreign stocks and is comfortable with moderate to high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 25, 1997
GLC Asset Management Group Ltd.
$200,641,596 50.40%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.49 0.50 1.99 573.06 3,370
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
102
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Mid Cap Canada (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.49
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
103
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Growth Equity (AGF)
What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.
Real Matters Inc. Private Placement ............................................. 9.15Parex Resources Inc ..................................................................... 4.36United States Dollar ..................................................................... 3.98Royal Bank of Canada .................................................................. 3.75Bank of Nova Scotia...................................................................... 3.51Suncor Energy Inc......................................................................... 3.48Canadian Natural Resources Ltd .................................................. 3.07Whitecap Resources Inc ............................................................... 3.00Seven Generations Energy Ltd ..................................................... 2.97CGI Group Inc ............................................................................... 2.89Total ............................................................................................ 40.15Total investments: .......................................................................... 93
Canadian Equities................................. 92.59Cash & Other Investments...................... 5.40International Equities .............................. 1.11United States Equities ............................ 0.87Bonds...................................................... 0.04
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,151.64 on December 31, 2016. This works out to an average of 1.42 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 6 years and down in value 4 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate to high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
AGF Investments Inc.
$26,002,192 52.30%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.82 0.50 2.32 432.52 1,167
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
104
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Growth Equity (AGF)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.82
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
105
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Real Estate (GWLRA)
What does the fund invest in?This segregated fund invests primarily, directly or indirectly, in a portfolio of income producing Canadian real estate properties.
High Park Village - West Tower ..................................................... 6.59Total Cash ..................................................................................... 4.945140 Yonge Street......................................................................... 4.11Gulf Canada Square...................................................................... 3.95200 Kent Street ............................................................................. 3.745150 - 5160 Yonge St.................................................................... 3.50Watermark Tower .......................................................................... 3.2933 Yonge Street............................................................................. 3.24Crestwood Corporate Centre ........................................................ 2.90Grenadier Square.......................................................................... 2.87Total ............................................................................................ 39.11Total investments: ........................................................................ 129
Canadian Equities................................. 88.02Bonds...................................................... 6.35Cash & Other Investments...................... 4.94United States Equities ............................ 0.70
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,895.31 on December 31, 2016. This works out to an average of 6.60 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term and seeking the potential for long-term growth by investing in a portfolio of Canadian real estate properties and are comfortable with low to moderate risk due to the ups and downs of the real estate market. Redemptions may be suspended during any period that the segregated fund does not have sufficient cash or readily marketable securities to meet requests for redemptions. This fund should be considered as a long-term investment and is not suitable for a person who may need to quickly convert their holdings to cash.
NotesOver the past five years, the fund has bought $695 million worth of real property and has sold $165 million worth.
December 12, 2000 April 30, 1989
GWL Realty Advisors Inc.
$4,217,889,696 9.38%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.84 0.50 2.34 635.39 45,528
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-20.00
-10.00
0.00
10.00
20.00
30.00
Very Low Low Low to Moderate Moderate Moderate
to High High
106
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Real Estate (GWLRA)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.84
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
107
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Resources (GWLIM)
What does the fund invest in?This segregated fund invests primarily in Canadian companies engaged in the discovery, development and extraction of oil, gas or metals with exposure to foreign stocks.
Suncor Energy Inc....................................................................... 10.59Transcanada Corp......................................................................... 7.36Enbridge Inc .................................................................................. 7.04Canadian Natural Resources Ltd .................................................. 7.00Barrick Gold Coporation ................................................................ 4.30Tourmaline Oil Corp....................................................................... 3.98Boralex Inc. Class A ...................................................................... 3.04Agrium Inc. .................................................................................... 2.88Keyera Corp .................................................................................. 2.63Lundin Mining Corp ....................................................................... 2.53Total ............................................................................................ 51.34Total investments: .......................................................................... 53
Canadian Equities................................. 96.75United States Equities ............................ 2.39Cash & Other Investments...................... 0.86
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $581.91 on December 31, 2016. This works out to an average of -5.27 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 4 years and down in value 6 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of companies operating in the natural resource industries and is comfortable with higher risk due to investing solely in this one economic sector.
NotesGLC Asset Management Group Ltd. assumed portfolio management responsibilities for the Canadian Resources Fund (AGF) in October 2015. The segregated fund was renamed Canadian Resources Fund (GWLIM). The performance before that date was achieved under the previous investment manager. No other changes were made to the segregated fund.
December 12, 2000 January 23, 1996
GLC Asset Management Group Ltd.
$41,309,016 117.35%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.81 0.50 2.31 498.83 587
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
150.00
Very Low Low Low to Moderate Moderate Moderate
to High High
108
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Canadian Resources (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.81
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
109
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Smaller Company (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in stock of North American small and mid-size companies.
Spirit Airlines Inc............................................................................ 6.17CommVault Systems Inc. .............................................................. 4.48Maximus Inc. ................................................................................. 3.99Signature Bank.............................................................................. 3.83Broadridge Financial Solutions Inc................................................ 3.81Bio-Techne Corp............................................................................ 3.79DexCom Inc................................................................................... 3.74First Republic Bank ....................................................................... 3.60Silicon Laboratories Inc. ................................................................ 3.15Iberiabank Corp............................................................................. 3.08Total ............................................................................................ 39.63Total investments: ........................................................................ 107
United States Equities .......................... 72.57Canadian Equities................................. 26.14International Equities .............................. 1.95Cash & Other Investments..................... -0.67
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $2,313.07 on December 31, 2016. This works out to an average of 8.75 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks and is comfortable with moderate to high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 January 23, 1996
Mackenzie Investments
$30,431,578 58.58%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.50 0.50 2.00 724.23 1,128
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
60.00
Very Low Low Low to Moderate Moderate Moderate
to High High
110
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Smaller Company (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.50
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
111
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Science and Technology (GWLIM)
What does the fund invest in?This segregated fund invests primarily in the Canadian and U.S. science and technology companies.
Alphabet Inc.- Class A ................................................................... 8.45Apple Inc ....................................................................................... 5.93Facebook Inc................................................................................. 5.64Microsoft Corp ............................................................................... 5.47CGI Group Inc ............................................................................... 5.21Kinaxis Inc ..................................................................................... 4.43Constellation Software Inc............................................................. 4.06Open Text Corp ............................................................................. 3.42Intel Corp. ...................................................................................... 2.86Amazon.com Inc............................................................................ 2.40Total ............................................................................................ 47.86Total investments: .......................................................................... 57
United States Equities .......................... 71.15Canadian Equities................................. 21.73International Equities .............................. 4.90Cash & Other Investments...................... 2.22
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $2,849.06 on December 31, 2016. This works out to an average of 11.04 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of Canadian and U.S. companies operating in the science and technology sector and is comfortable with moderate to high risk due to investing solely in this one economic sector.
December 12, 2000 December 12, 2000
GLC Asset Management Group Ltd.
$18,925,246 34.07%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.68 0.50 2.18 310.19 375
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
112
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Science and Technology (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.68
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
113
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Equity Portfolio (PSG)
What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in foreign stocks. It targets an asset mix of 100 per cent stocks.
U.S. Value (London Capital) ........................................................ 14.98Global Value (Mackenzie) ........................................................... 10.00U.S. Dividend (GWLIM)................................................................. 9.50Foreign Equity (Mackenzie)........................................................... 9.49American Growth (AGF)................................................................ 8.98International Opportunity (JPMorgan) ........................................... 8.00International Equity (Setanta)........................................................ 7.06Global Dividend (Setanta) ............................................................. 7.01Global Small Cap Growth (Mackenzie) ......................................... 7.00U.S. Equity (GWLIM)..................................................................... 6.99Total ............................................................................................ 89.01Total investments: .......................................................................... 12
United States Equities .......................... 55.91International Equities ............................ 36.36Cash & Other Investments...................... 5.67Canadian Equities................................... 2.07
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,522.05 on December 31, 2016. This works out to an average of 4.29 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in foreign equities and is comfortable with moderate risk.
December 12, 2000 December 12, 2000
GLC Asset Management Group Ltd.
$22,095,379 15.29%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.84 0.50 2.34 272.07 4,894
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
114
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Equity Portfolio (PSG)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.84
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
115
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Low Volatility (ILIM)
What does the fund invest in?This segregated fund invests primarily in stock of companies anywhere in the world with a focus on those companies and/or sectors that are believed to likely have lower sensitivity to broader market movements.
AT&T Inc........................................................................................ 1.46Verizon Communications Inc......................................................... 1.44Exelon Corp................................................................................... 1.43Total Cash ..................................................................................... 1.40Altria Group Inc ............................................................................. 1.37Public Service Enterprise Group Inc. ............................................ 1.36Valero Energy Corp. ...................................................................... 1.36Novo Nordisk AS B........................................................................ 1.35Entergy Corp. ................................................................................ 1.34HollyFrontier Corp. ........................................................................ 1.33Total ............................................................................................ 13.86Total investments: ........................................................................ 151
United States Equities .......................... 59.95International Equities ............................ 33.65Canadian Equities................................... 4.80Cash & Other Investments...................... 1.60
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $2,125.28 on December 31, 2016. This works out to an average of 7.83 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of global stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
NotesEffective November 2016 Irish Life Investment Management Limited assumed portfolio management responsibilities for the North American Opportunity Fund (Mackenzie). The name of the fund changed to Global Low Volatility (ILIM) from North American Opportunity Fund (Mackenzie). The investment objective of the segregated fund changed from investing primarily in stocks of North American companies to investing primarily in stocks of companies anywhere in the world. The performance before that date was achieved under the previous manager and investment objective.
December 12, 2000 November 25, 1997
Irish Life Investment Managers Limited
$15,068,703 90.70%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.67 0.50 2.17 467.47 10
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
60.00
Very Low Low Low to Moderate Moderate Moderate
to High High
116
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Low Volatility (ILIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.67
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
117
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Foreign Equity (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in stocks worldwide currently through the Mackenzie Ivy Foreign Equity Fund.
Cash and short-term investments ............................................... 28.20Omnicom Group Inc. ..................................................................... 3.60Amcor Ltd. ..................................................................................... 3.50Oracle Corp. .................................................................................. 3.50W.W. Grainger Inc. ........................................................................ 3.50Brookfield Asset Management Inc................................................. 3.40Henry Schein Inc. .......................................................................... 3.30Johnson & Johnson....................................................................... 3.20Nike Inc. ........................................................................................ 3.20Compagnie Financiere Richemont SA .......................................... 2.90Total ............................................................................................ 58.30Total investments: .......................................................................... 35
United States Equities .......................... 39.00International Equities ............................ 29.50Cash & Other Investments.................... 28.10Canadian Equities................................... 3.40
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,947.17 on December 31, 2016. This works out to an average of 6.89 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 December 12, 2000
Mackenzie Investments
$176,646,651 4.67%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.65 0.50 2.15 355.08 15,142
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments (of the underlying fund) Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-40.00
-20.00
0.00
20.00
40.00
60.00
Very Low Low Low to Moderate Moderate Moderate
to High High
118
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Foreign Equity (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.65
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
119
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Equity (Setanta)
What does the fund invest in?This segregated fund invests primarily in stocks anywhere in the world.
Total Cash ..................................................................................... 3.98Berkshire Hathaway Inc. Class B .................................................. 3.06CRH PLC....................................................................................... 3.02Owens-Illinois Inc. ......................................................................... 2.82DCC PLC....................................................................................... 2.72Leucadia National Corp................................................................. 2.67Oshkosh Corp. .............................................................................. 2.46Federated Investors Inc. Class B .................................................. 2.32Faifax Financial Holdings Ltd. ....................................................... 2.32Johnson & Johnson....................................................................... 2.08Total ............................................................................................ 27.44Total investments: ........................................................................ 103
United States Equities .......................... 52.12International Equities ............................ 38.53Canadian Equities................................... 5.41Cash & Other Investments...................... 3.94
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,568.90 on December 31, 2016. This works out to an average of 4.61 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
June 12, 2006 June 12, 2006
Setanta Asset Management Limited
$185,036,002 20.28%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.70 0.50 2.20 392.68 12,374
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
120
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Global Equity (Setanta)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.70
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
121
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
U.S. Equity (GWLIM)
What does the fund invest in?This segregated fund invests primarily in United States stocks.
Alphabet Inc.- Class A ................................................................... 2.62AT&T Inc........................................................................................ 2.57Visa Inc- Class A Shares ............................................................... 2.53Accenture PLC Class A ................................................................. 2.38UnitedHealth Group Inc................................................................. 2.37Torchmark Corp............................................................................. 2.33Mastercard Inc Cl A ....................................................................... 2.29Intercontinental Exchange............................................................. 2.21Amazon.com Inc............................................................................ 2.14Broadcom Ltd ................................................................................ 2.11Total ............................................................................................ 23.56Total investments: .......................................................................... 73
United States Equities .......................... 94.39International Equities .............................. 4.50Cash & Other Investments...................... 1.11
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,686.19 on December 31, 2016. This works out to an average of 5.36 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 8, 1994
GLC Asset Management Group Ltd.
$150,653,603 57.05%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.53 0.50 2.03 255.79 7,438
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
122
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
U.S. Equity (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.53
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
123
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
American Growth (AGF)
What does the fund invest in?This segregated fund invests primarily in United States stocks.
Amazon.com Inc............................................................................ 5.09Nvidia Corp.................................................................................... 4.91T-Mobile US Inc............................................................................. 4.54Alphabet Inc.- Class A ................................................................... 4.35Raymond James Financial Inc. ..................................................... 4.08UnitedHealth Group Inc................................................................. 3.90Constellation Brands Inc. Class A ................................................. 3.31Facebook Inc................................................................................. 3.29Applied Materials Inc. .................................................................... 3.09Albemarle Corp ............................................................................. 3.08Total ............................................................................................ 39.64Total investments: .......................................................................... 42
United States Equities .......................... 93.97Cash & Other Investments...................... 3.99International Equities .............................. 2.04
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $2,194.59 on December 31, 2016. This works out to an average of 8.18 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 25, 1997
AGF Investments Inc.
$108,734,910 64.68%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.68 0.50 2.18 288.01 6,461
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
124
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
American Growth (AGF)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.68
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
125
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
U.S. Value (London Capital)
What does the fund invest in?This segregated fund invests primarily in United States stocks.
Discover Financial Services .......................................................... 2.02Citigroup Inc. ................................................................................. 1.96JPMorgan Chase & Co.................................................................. 1.96Chevron Corp. ............................................................................... 1.95Regions Financial Corp. ................................................................ 1.94U.S. Bancorp ................................................................................. 1.93Exxon Mobil Corp. ......................................................................... 1.92FirstEnergy Corp. .......................................................................... 1.92Wells Fargo & Co. ......................................................................... 1.92Prudential Financial Inc. ................................................................ 1.92Total ............................................................................................ 19.43Total investments: .......................................................................... 66
United States Equities .......................... 95.74International Equities .............................. 3.15Cash & Other Investments...................... 1.11
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,624.88 on December 31, 2016. This works out to an average of 4.97 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
June 12, 2006 June 12, 2006
GLC Asset Management Group Ltd.
$139,195,037 147.03%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.51 0.50 2.01 397.50 4,877
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
126
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
U.S. Value (London Capital)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.51
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
127
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
U.S. Mid Cap (GWLIM)
What does the fund invest in?This segregated fund invests primarily in U.S. companies that are in the middle capitalization range of the equity market.
Alleghany Corp.............................................................................. 2.87Western Alliance Bancorp ............................................................. 2.33InterDigital Inc. .............................................................................. 2.33Alexandria Real Estate Equities INC............................................. 2.31MarketAxess Holdings Inc............................................................. 2.27Synopsys Inc. ................................................................................ 2.26NCR Corp...................................................................................... 2.21Kilroy Realty Corporation REIT ..................................................... 2.17Everest Re Group Ltd.................................................................... 2.11NVR Inc ......................................................................................... 2.10Total ............................................................................................ 22.97Total investments: .......................................................................... 66
United States Equities .......................... 93.99International Equities .............................. 4.97Cash & Other Investments...................... 1.04
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,539.49 on December 31, 2016. This works out to an average of 4.41 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. stocks and is comfortable with moderate to high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 December 12, 2000
GLC Asset Management Group Ltd.
$42,714,881 91.20%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.67 0.50 2.17 278.68 3,431
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
128
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
U.S. Mid Cap (GWLIM)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.67
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
129
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Equity (Putnam)
What does the fund invest in?This segregated fund invests primarily in stocks outside of Canada and the U.S.
Royal Dutch Shell PLC.................................................................. 2.55Siemens AG .................................................................................. 2.29Novartis AG Reg............................................................................ 2.15Prudential PLC .............................................................................. 2.05ING Groep NV ............................................................................... 2.04Anheuser-Busch InBev NV............................................................ 2.03United States Dollar ..................................................................... 1.94Nippon Telegraph & Telephone Corp (NNT).................................. 1.85Sumitomo Mitsui Financial Group Inc............................................ 1.85BHP Billiton PLC............................................................................ 1.84Total ............................................................................................ 20.60Total investments: ........................................................................ 100
International Equities ............................ 95.46Canadian Equities................................... 1.83United States Equities ............................ 1.46Cash & Other Investments...................... 1.25
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,126.03 on December 31, 2016. This works out to an average of 1.19 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 6 years and down in value 4 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
NotesPutnam Investments assumed portfolio management responsibilities for the International Equity Fund (UBS) in September 2014. The name of the fund was changed to International Equity Fund (Putnam). The performance before that date was achieved under the previous investment manager.
December 12, 2000 November 8, 1994
Putnam Investments Canada ULC.
$57,575,877 81.58%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.67 0.50 2.17 224.53 5,330
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
130
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Equity (Putnam)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.67
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
131
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Equity (JPMorgan)
What does the fund invest in?This segregated fund invests primarily in stocks outside of Canada and the U.S.
HSBC Holdings PLC (HK) ............................................................. 2.45Prudential PLC .............................................................................. 2.23Novartis AG Reg............................................................................ 2.09Royal Dutch Shell PLC.................................................................. 2.08Sumitomo Mitsui Financial Group Inc............................................ 2.08Roche Holding AG Genusscheine................................................. 2.02UBS Group AG Reg. ..................................................................... 1.91Vodafone Group PLC .................................................................... 1.89Allianz SE Reg. ............................................................................. 1.86Samsung Electronics Co. Ltd. GDR.............................................. 1.75Total ............................................................................................ 20.35Total investments: .......................................................................... 99
International Equities ............................ 99.04Cash & Other Investments...................... 0.62United States Equities ............................ 0.33
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,183.80 on December 31, 2016. This works out to an average of 1.70 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 6 years and down in value 4 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
July 19, 2004 July 19, 2004
JPMorgan Asset Management (Canada) Inc.
$118,784,414 12.92%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.69 0.50 2.19 331.20 2,808
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
132
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Equity (JPMorgan)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.69
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
133
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Growth (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in equities of international companies currently through the Mackenzie International Growth Class Fund.
Cash and short-term investments ............................................... 13.80Publicis Groupe SA ....................................................................... 6.50Compagnie Financiere Richemont SA .......................................... 5.10Amcor Ltd. ..................................................................................... 4.60Henkel AG & Co. KGaA................................................................. 4.60Hyundai Motor Co. ........................................................................ 4.50Ansell Ltd....................................................................................... 4.40CK Hutchison Holdings Ltd. .......................................................... 4.40Samsonite International SA........................................................... 4.20Sonova Holding AG ....................................................................... 4.20Total ............................................................................................ 56.30Total investments: .......................................................................... 25
International Equities ............................ 81.60Cash & Other Investments.................... 14.20United States Equities ............................ 4.20
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $952.04 on December 31, 2016. This works out to an average of -0.49 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 4 years and down in value 6 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of international companies and is comfortable with moderate to high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
NotesEffective August 2013 the name of the segregated fund changed to International Growth (Mackenzie) from Japan Equity (Mackenzie) as the Mackenzie Focus Japan Class mutual fund merged into Mackenzie International Growth Class mutual fund. With this change the investment objective of the segregated fund changed from investing primarily in Japanese equities to investing primarily in international equities. The performance before this date was achieved under the previous investment objective.
December 12, 2000 December 12, 2000
Mackenzie Investments
$2,485,824 19.95%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.63 0.50 2.13 173.69 541
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments (of the underlying fund) Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
120.00
Very Low Low Low to Moderate Moderate Moderate
to High High
134
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Growth (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.63
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
135
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Opportunity (JPMorgan)
What does the fund invest in?This segregated fund invests primarily in stocks outside of Canada and the U.S.
Roche Holding AG Genusscheine................................................. 3.71Unilever PLC ................................................................................. 3.43British American Tobacco PLC ...................................................... 2.93Total Cash ..................................................................................... 2.90Anheuser-Busch InBev NV............................................................ 2.78Bayer AG ....................................................................................... 2.69SAP SE.......................................................................................... 2.67Novo Nordisk AS B........................................................................ 2.52AIA Group Ltd................................................................................ 2.46Prudential PLC .............................................................................. 2.45Total ............................................................................................ 28.53Total investments: .......................................................................... 72
International Equities ............................ 96.84Cash & Other Investments...................... 3.16
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,419.41 on December 31, 2016. This works out to an average of 3.56 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 6 years and down in value 4 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign stocks and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 25, 1997
JPMorgan Asset Management (Canada) Inc.
$57,540,969 33.37%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.84 0.50 2.34 255.85 1,313
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-60.00-40.00-20.00
0.0020.0040.0060.00
Very Low Low Low to Moderate Moderate Moderate
to High High
136
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
International Opportunity (JPMorgan)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.84
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
137
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
European Equity (Setanta)
What does the fund invest in?This segregated fund invests primarily in companies located or active in Europe.
Melrose Industries PLC ................................................................. 8.71Diageo PLC ................................................................................... 6.21Groupe Bruxelles Lambert SA....................................................... 5.93DCC PLC....................................................................................... 5.57CRH PLC....................................................................................... 5.20Origin Enterprises PLC.................................................................. 4.57C&C Group PLC............................................................................ 4.50LSL Property Services PLC........................................................... 3.99Vodafone Group PLC .................................................................... 3.78GlaxoSmithKline PLC.................................................................... 3.65Total ............................................................................................ 52.12Total investments: .......................................................................... 36
International Equities ............................ 95.66Cash & Other Investments...................... 3.80United States Equities ............................ 0.54
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,205.36 on December 31, 2016. This works out to an average of 1.89 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 4 years and down in value 6 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of European companies and is comfortable with moderate risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 November 25, 1997
Setanta Asset Management Limited
$14,637,827 16.72%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.68 0.50 2.18 264.07 1,009
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-80.00
-40.00
0.00
40.00
80.00
Very Low Low Low to Moderate Moderate Moderate
to High High
138
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
European Equity (Setanta)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.68
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
139
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Far East Equity (CLI)
What does the fund invest in?This segregated fund invests primarily in companies located or active in Asia or the Pacific Rim.
Lyxor ETF MSCI India ................................................................... 5.97Commonwealth Bank of Australia ................................................. 3.24Samsung Electronics Co. Ltd. ....................................................... 3.23Westpac Banking Corporation....................................................... 3.02Tencent Holdings Ltd..................................................................... 2.98Fubon Financial Holding Co Ltd .................................................... 2.32China Construction Bank Corp. H ................................................. 2.13Alibaba Group Holding Ltd.- ADR.................................................. 2.13Muangthai Leasing PCL ................................................................ 2.05SK Hynix Inc. ................................................................................. 2.04Total ............................................................................................ 29.10Total investments: ........................................................................ 108
International Equities ............................ 99.69Cash & Other Investments...................... 0.31
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,465.91 on December 31, 2016. This works out to an average of 3.90 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 7 years and down in value 3 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of Asian and Pacific Rim companies and is comfortable with high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
NotesCanada Life Investments assumed portfolio management responsibilities for the Asian Growth Fund (AGF) in October 2015. The segregated fund was renamed Far East Equity Fund (CLI). The performance before that date was achieved under the previous investment manager. No other changes were made to the segregated fund.
December 12, 2000 November 25, 1997
Canada Life Investments
$11,087,711 169.64%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.73 0.50 2.23 358.46 438
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
140
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Far East Equity (CLI)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.73
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
141
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Emerging Markets (Mackenzie)
What does the fund invest in?This segregated fund invests primarily in equities of companies operating in emerging markets currently through the Mackenzie Emerging Markets Class Fund.
Taiwan Semiconductor Manufacturing Co. Ltd.............................. 5.70Tencent Holdings Ltd..................................................................... 5.30Housing Development Finance Corp. Ltd. .................................... 4.80Samsung Electronics Co. Ltd. ....................................................... 4.20AIA Group Ltd................................................................................ 3.80Cash and short-term investments ................................................. 2.90HDFC Bank Ltd. ............................................................................ 2.80Tata Consultancy Services Ltd. ..................................................... 2.80Alibaba Group Holding Ltd. ........................................................... 2.70Infosys Ltd. .................................................................................... 2.40Total ............................................................................................ 37.40Total investments: .......................................................................... 67
International Equities ............................ 96.90Cash & Other Investments...................... 3.10
Are there any guarantees?This segregated fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance cost for the guarantee. For details, please refer to the information folder and contract.
How has the fund performed?This section tells you how the fund has performed over the past 10 years for a policyowner who chooses the 75/75 guarantee option. Returns are after the MER has been deducted.It’s important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on your personal tax situation.
Average returnA person who invested $1,000 in the fund on December 31, 2006 and chose the 75/75 guarantee option now would have $1,272.89 on December 31, 2016. This works out to an average of 2.44 per cent a year.
Year-by-year returns (%)This chart shows how the fund would have performed in each of the past 10 years for a policyowner who chose the 75/75 guarantee option. In the past 10 years, the fund was up in value 8 years and down in value 2 years of the 10.
How risky is it?
The value of your investments can go down. Please see the Fund risks section of the information folder for further details.
Who is this fund for?A person who is investing for the longer term, seeking the growth potential of companies in the emerging markets and is comfortable with high risk. Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
December 12, 2000 December 12, 2000
Mackenzie Investments
$87,154,677 14.99%
Guarantee optionManagement expense ratio
(MER) (%)
Minimum advisory and management services fee
(%)*
Management expense ratio plus minimum
advisory and management services
fee (%)
Net asset value per unit ($)
Units outstanding
75% maturity and 75% death benefit guarantee 1.80 0.50 2.30 515.21 1,983
• $250,000*The advisory and management services fee percentage is between 1.00 per cent and 1.25 per cent where the initial premium is between $250,000 and $499,999 and 0.50 per cent to 1.25 per cent where the initial premium is $500,000 and over. The percentage shown in this table applies to plans with $500,000 and over.
Quick facts:
Minimum investment
Date fund available:Date fund created:Managed by:
Total fund value:Portfolio turnover rate:
Top 10 investments (of the underlying fund) Assets %
Investment segmentation Assets %
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-100.00
-50.00
0.00
50.00
100.00
Very Low Low Low to Moderate Moderate Moderate
to High High
142
The Great-West Life Assurance Company · Managed-Money ProgramFUND FACTS — Flexible Accumulation Annuity and Flexible Income Fund investment plansAll Information as at December 31, 2016
Emerging Markets (Mackenzie)How much does it cost?The following sales charge option will apply. For details, refer to the Fees and expenses section of the information folder and discuss with your financial security advisor.
1. Sales chargesSales charge option What you pay How it works
Managed-money program There is no fee to invest or redeem units. • You and your financial security advisor agree on an advisory and management services fee of between 1.00 to 1.25 per cent where the initial premium is $250,000 to $499,999 and between 0.50 and 1.25 per cent where the initial premium is $500,000 and over.
• The fee is deducted from your plan monthly based on the value of your plan.• You can exchange to units of other funds under the contract at any time.
2. Ongoing expensesThe MER includes the management fee and operating expenses of the fund. The MER includes the insurance cost for the guarantee. You do not pay these expenses directly. They affect you because they reduce the return you get on your investment. For details about how the guarantee works, see your insurance contract.
Guarantee option MER (Annual rate as a % of the fund’s value)*
75% maturity and 75% death benefit guarantee 1.80
*Advisory and management services fee is not included in the MER.Trailing commissionGreat-West Life pays the negotiated advisory and management services fee of up to two per cent of the value of your investments for the services and advice provided to you for as long as you hold the fund.
3. Other feesYou may have to pay other fees when you redeem or exchange units of the fund.
Fee What you pay
Short-term trading fee Up to 2% of the value of units you redeem or exchange within 90 days of investing in the fund.
What if I change my mind?You can change your mind and cancel the investment fund contract, the initial automatic monthly premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed.Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units you acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.
For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Great-West Life Assurance Company255 Dufferin AvenueLondon, ON N6A 4K1Web: www.greatwestlife.comEmail: On our website please go to the “Contact Us” sectionTelephone: 1-800-665-5758
© 2016 All Rights Reserved.Source: Transmission Media
143
144
Glossary of terms
The section provides an understanding of some of the
terms used in this information folder.
Administrative rules
Internal rules that govern our operations, including
policies, guidelines, rules and practices of Great-West
Life, which can change at our sole discretion, without
notice.
Annuitant
The annuitant is the individual on whose life the
maturity and death benefit guarantees are based. The
annuitant can be you, the policyowner, or an
individual whom you designate.
Beneficiary
The beneficiary is the person, persons or entity
appointed to receive any amounts payable after the
last annuitant’s death. If there is no living beneficiary,
we will pay the death benefit to the policyowner’s
estate.
Capital gains
The profit that results when an asset is sold for more
than its purchase price.
Capital loss
The loss that results when an asset is sold for less than
its purchase price.
Diversification
Investing in a number of different securities,
companies, industries or geographic locations to
attempt to reduce the risks inherent in investing.
Guaranteed death benefit
The minimum amount to be received by a beneficiary,
or if there is no beneficiary to the policyowner’s
estate, upon the death of the annuitant.
Investment management fee
The amount charged for supervising a portfolio and
administering its operations. This fee is a component
of the MER.
Life income fund (LIF) or restricted LIF
A LIF is established by the transfer of locked-in
pension assets from a pension plan, a locked-in RSP,
LIRA or RLSP.
Locked-in plans
When used in reference to an RSP or pension plan,
“locked in” means an account in which accumulated
benefits can only be used to purchase retirement
income as specified by pension regulations.
Load
Commissions that may be charged when you buy or
sell certain funds.
Locked-in retirement account (LIRA)
A LIRA, also known as a locked-in RSP, is a
registered retirement savings plan from which,
generally, funds cannot be redeemed except for the
purchase of a life annuity, LIF, PRIF (where
available) or a LRIF (where available). A LIRA is
only available until the end of the year in which you
turn 71 (or such other age as the tax legislation then in
effect may provide).
Locked-in retirement income fund (LRIF)
A plan available only in certain provinces for locked-
in pension funds. These plans work the same way as a
RIF, but there are maximum and minimum payment
requirements. A LRIF may be converted to a life
annuity at any age, but it is not necessary to do so.
Management expense ratio (MER)
The MER is the total of the annual investment
management fee and operating expenses paid by the
investment fund, and is expressed as an annualized
percentage of daily average net assets during the year.
Maturity date
The contractual date the policy matures.
Maturity guarantee
The minimum amount to be received by the
policyowner upon maturity of the contract.
Policyowner
The policyowner is the individual who is the legal
owner of the policy. One or more individuals may
own non-registered policies. Registered policies can
only be owned by one individual. All policy
information is sent to the policyowner.
145
Prospectus
A document that contains a wide variety of information about a mutual fund’s investment objectives, the fund managers, how income is distributed, costs, rights, tax issues and risk factors. It is important to read the prospectus carefully to gain a thorough understanding of the fund.
Retirement income fund (RIF or RRIF)
A tax deferral vehicle available to RRSP holders. The plan holder invests the funds in the RRIF and must withdraw a certain amount each year. Income tax would be due on the funds withdrawn.
Retirement savings plan (RSP or RRSP)
A vehicle available to individuals to defer tax on a specified amount of money to be used for retirement. The holder invests money in one or more of a variety of investment vehicles which are held in trust under the plan. Income tax on contributions and earnings within the plan is deferred until the money is withdrawn at retirement. RRSPs can be transferred into registered retirement income funds (RRIFs).
Spousal retirement savings plan
(Spousal RRSP)
An RRSP registered in the name of your spouse (as defined by the Income Tax Act). You deduct the annual contribution from earned income (the maximum is your contribution limit minus your personal RSP contributions) and your spouse receives the eventual income generated. The Income Tax Act’s definition of “spouse” includes common-law spouses in certain circumstances. You should note that the amount you may contribute to your own registered savings plan(s) is reduced by the amount you contribute to a spousal RRSP. Moreover, if your spouse makes withdrawals from the plan within three years of deposit, there are tax implications for you.
Underlying fund
An underlying fund is a secondary fund in which some of our funds may invest. You do not become a unitholder of the underlying fund.
Great-West Life investment plansInformation folder
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This document is not an insurance contract.
MAY 2017
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M A N A G E D - M O N E YProgram
DISCOVERY, Great-West Life and the key design are trademarks of The Great-West Life Assurance Company. 47-1248-5/17
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