iA Groupe financier - FUND FACTS...Fidelity American High Yield Currency Neutral iA Fidelity...

RIDER TO THE MY EDUCATION+ FUND FACTS BOOKLET DATED DECEMBER 31, 2019 AND THE FUND DETAILS

My Education+ Contract issued by Industrial Alliance Insurance and Financial Services Inc. 1080 Grande Allée West, PO Box 1907, Station Terminus

Quebec City, Quebec G1K 7M3 1-844-442-4636 [email protected]

On July 13, 2020, the Fund Facts booklet , (hereinafter the “Booklet”) and the Fund details of each of the funds, (hereinafter the “Fund details”), which form part of the Information Folder related to the My Education+ Contract, are amended to reflect the following changes:

— The following funds’ portfolio managers and names have changed:

Before change After change

Core Plus Bond

Floating Rate Income

Canadian Conservative Equity Hybrid 75/25

Canadian Equity Value Hybrid 75/25

Global Opportunities (Radin) Hybrid 75/25

Canadian Conservative Equity

Canadian Equity Value

Global Opportunities (Radin)

Core Plus Bond (Wellington Square)Floating Rate Income (Wellington Square)Dividend Growth (iAIM) Hybrid 75/25North American Equity Hybrid 75/25Global Opportunities (Loomis Sayles) Hybrid 75/25Dividend Growth (iAIM)North American EquityGlobal Opportunities

— The U.S. DAQ Index underlying fund changes and, consequently, its investment objective and strategy as well as its “WHAT DOES THIS FUND INVEST IN?” section are slightly modified.

LIST OF AMENDEMENTS

Effective July 13, 2020, this rider amends the Booklet in accordance with the following provisions:

1. The Booklet’s table of contents is modified according to the above changes.

2. The table entitled “List of Funds Offered by iA Financial Group” of the Booklet is amended to reflect the fund name and portfolio management changes indicated above.

3. The section entitled “Professional Management of the Funds” of the Booklet is amended by the following changes:

3.1. Addition of the Global Opportunities Fund and Global Opportunities (Loomis Sayles) Hybrid 75/25 Fund in the Loomis, Sayles & Company section;

3.2. Withdrawal of the Core Plus Bond Fund and Floating Rate Income Fund in the iA Clarington Investment section;

3.3. Withdrawal of the Radin Capital Partners section;

3.4. Modification to the fund names in the iA Investment Management section according to the above changes;

3.5. Addition of the Wellington Square section with its available funds:

Core Plus Bond (Wellington Square) Wellington SquareFloating Rate Income (Wellington Square) 150 King Street West Suite 2010 P.O. Box 5 Toronto, Ontario M5H 1J9

4. The section entitled “Investment Objectives and Risk Factors Associated with the Funds” as well as the Fund Facts pages for each concerned fund of the Booklet is amended by adding an annotation (*) next to the name of the funds with the corresponding information:

4.1. Core Plus Bond* * On July 13, 2020, the name of the Fund changed to “Core Plus Bond (Wellington Square)”.

4.2. Floating Rate Income* * On July 13, 2020, the name of the Fund changed to “Floating Rate Income (Wellington Square)”.

4.3. Canadian Conservative Equity Hybrid 75/25* * On July 13, 2020, the name of the Fund changed to “Dividend Growth (iAIM)” Hybrid 75/25.

4.4. Canadian Equity Value Hybrid 75/25* (moved to the end of the Canadian Hybrid Funds section) * On July 13, 2020, the name of the Fund changed to “North American Equity Hybrid 75/25”.

4.5. Global Opportunities (Radin) Hybrid 75/25* * On July 13, 2020, the name of the Fund changed to “Global Opportunities (Loomis Sayles)

Hybrid 75/25”.

4.6. Canadian Conservative Equity* * On July 13, 2020, the name of the Fund changed to “Dividend Growth (iAIM)”.

4.7. Canadian Equity Value* (moved to the end of the Canadian Equity funds section) * On July 13, 2020, the name of the Fund changed to “North American Equity”.

4.8. Global Opportunities (Radin)* * On July 13, 2020, the name of the Fund changed to “Global Opportunities”.

5. The change of the underlying fund results in slight changes in the investment objective and strategy and the “WHAT DOES THIS FUND INVEST IN?” section of the U.S. DAQ Index:

5.1. Investment objective: The fund aims to obtain high long-term capital appreciation by attempting to reproduce the return of the NASDAQ 100 Index® of the U.S. Stock Exchange.

5.2. Investment strategy: The Fund seeks to replicate the NASDAQ 100 Index® of the U.S. Stock Exchange. Passive management of this Fund aims to reproduce, as accurately as possible, the return of the index, converted into Canadian dollars, over a medium and long-term horizon. This index is characterized by the securities of companies that offer promising products and services such as telecommunications equipment, computer services, high-technology products, etc.

5.3. “WHAT DOES THIS FUND INVEST IN?”: This fund seeks to replicate the NASDAQ 100 Index®. This index is characterized by the securities of companies that offer promising products and services such as telecommunications equipment, computer services, high-technology products, etc.

6. The Fund details of each of the funds are modified according to the above changes.

CERTIFICATION

Industrial Alliance Insurance and Financial Services Inc. certifies that the Booklet, as amended by this rider, briefly and simply discloses all material facts relating to the variable nature of the Funds offered under the Individual Variable Annuity Contract – My Education+.

Jennifer Dibblee Vice-President, Legal Services

Corporate Secretary

Denis Ricard President and Chief Executive Officer

This rider, dated July 13, 2020, forms an integral part of the Fund Facts booklet and theMy Education+ Information Folder.

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iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc. ia.ca

RESP

My Education+

FUND FACTSAs at December 31, 2019

TABLE OF CONTENTS List of Funds Offered by iA Financial Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Professional Management of the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Management Fees and Management Expense Ratio “MER” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Investment Objectives and Risk Factors associated with Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Fund Facts

FOCUS FUNDS

Focus Prudent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Focus Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Focus Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Focus Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Focus Aggressive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

SELECTION FUNDS

Selection Prudent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Selection Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Selection Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Selection Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Selection Aggressive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

INCOME FUNDS

Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Short Term Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

Canadian Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

Core Plus Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

Global Fixed Income (PIMCO) . . . . . . . . . . . . . . . . . . . . . . . . . . 52

Floating Rate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

Strategic Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

Fidelity American High Yield Currency Neutral . . . . . . . . . . . . . 58

DIVERSIFIED FUNDS

Diversified Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60

Diversified . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62

Diversified Opportunity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

Canadian Balanced (QV) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66

SRI Balanced (Inhance) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

Diversified Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70

Strategic Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72

Global Diversified (Loomis Sayles) . . . . . . . . . . . . . . . . . . . . . . . 74

Global Diversified Fixed Income (Forstrong) . . . . . . . . . . . . . . . 76

Global Diversified (Forstrong) . . . . . . . . . . . . . . . . . . . . . . . . . . 78

Global Diversified Equity (Forstrong) . . . . . . . . . . . . . . . . . . . . . 80

Fidelity Global Monthly Income . . . . . . . . . . . . . . . . . . . . . . . . 82

Global Asset Allocation Security (iAIM) . . . . . . . . . . . . . . . . . . . 84

Global Asset Allocation (iAIM) . . . . . . . . . . . . . . . . . . . . . . . . . 86

Global Asset Allocation Opportunity (iAIM) . . . . . . . . . . . . . . . . 88

CANADIAN EQUITY FUNDS

Strategic Equity Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90

Dividend Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92

Canadian Conservative Equity . . . . . . . . . . . . . . . . . . . . . . . . . 94

Canadian Equity Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96

Canadian Equity Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98

Fidelity True North® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100

Canadian Equity Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102

Fidelity Canadian Opportunities . . . . . . . . . . . . . . . . . . . . . . . 104

Canadian Equity Small Cap (QV) . . . . . . . . . . . . . . . . . . . . . . 106

U.S. & INTERNATIONAL EQUITY FUNDS

Global Equity Index ACWI (BlackRock) . . . . . . . . . . . . . . . . . . 108

Global Dividend (Dynamic) . . . . . . . . . . . . . . . . . . . . . . . . . . . 110

Global Equity (QV) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112

Global Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114

Global Opportunities (Radin) . . . . . . . . . . . . . . . . . . . . . . . . . 116

Global True Conviction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118

Fidelity Global Concentrated Equity . . . . . . . . . . . . . . . . . . . . 120

Fidelity NorthStar® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122

International Equity Index (BlackRock) . . . . . . . . . . . . . . . . . . 124

International Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126

Fidelity European Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128

1

U .S . Equity Index (BlackRock) . . . . . . . . . . . . . . . . . . . . . . . . . 130

Fidelity Insights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132

Thematic Innovation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134

American (Dynamic) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136

U .S . Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138

U .S . Dividend Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140

SPECIALTY FUNDS

Asian Pacific (Dynamic) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142

Emerging Markets (Jarislowsky Fraser) . . . . . . . . . . . . . . . . . . 144

Global Health Care (Renaissance) . . . . . . . . . . . . . . . . . . . . . . 146

Global Infrastructure (Dynamic) . . . . . . . . . . . . . . . . . . . . . . . 148

Real Estate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150

U .S . DAQ Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152

INDEXIA FUNDS

Indexia Prudent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154

Indexia Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156

Indexia Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158

Indexia Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160

Indexia Aggressive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162

2

FOCUS FUNDSFocus Prudent iA iA Investment Management OCT 2002Focus Moderate iA iA Investment Management OCT 2002Focus Balanced iA iA Investment Management OCT 2002Focus Growth iA iA Investment Management OCT 2002Focus Aggressive iA iA Investment Management OCT 2002

SELECTION FUNDSSelection Prudent iA iA Investment Management DEC 2013Selection Moderate iA iA Investment Management DEC 2013Selection Balanced iA iA Investment Management DEC 2013Selection Growth iA iA Investment Management DEC 2013Selection Aggressive iA iA Investment Management DEC 2013

INCOME FUNDSMoney Market iA iA Investment Management SEP 1991Short Term Bond iA iA Investment Management JAN 1998Bond iA iA Investment Management MAY 1977Canadian Corporate Bond iA iA Investment Management MAY 2016Core Plus Bond iA IA Clarington Investments Inc . JUL 2010Global Fixed Income (PIMCO) iA PIMCO MAR 2013Floating Rate Income iA IA Clarington Investments Inc . OCT 2019Strategic Corporate Bond iA IA Clarington Investments Inc . JAN 2012Fidelity American High Yield Currency Neutral iA Fidelity Investments JUN 2015

DIVERSIFIED FUNDS Diversified Security iA iA Investment Management JAN 1999Diversified iA iA Investment Management JAN 1987Diversified Opportunity iA iA Investment Management JAN 1999Canadian Balanced (QV) iA QV Investors Inc . DEC 2009SRI Balanced (Inhance) iA Vancity Investment Management Ltd . DEC 2009Diversified Income iA iA Investment Management OCT 2003Strategic Income iA IA Clarington Investments Inc . JAN 2012Global Diversified (Loomis Sayles) iA Loomis, Sayles & Company NOV 2006Global Diversified Fixed Income (Forstrong) iA Forstrong Global Asset Management OCT 2018Global Diversified (Forstrong) iA Forstrong Global Asset Management MAY 2016Global Diversified Equity (Forstrong) iA Forstrong Global Asset Management OCT 2018Fidelity Global Monthly Income iA Fidelity Investments OCT 2018Global Asset Allocation Security (iAIM) iA iA Investment Management OCT 2018Global Asset Allocation (iAIM) iA iA Investment Management OCT 2018Global Asset Allocation Opportunity (iAIM) iA iA Investment Management OCT 2018

CANADIAN EQUITY FUNDS Strategic Equity Income iA IA Clarington Investments Inc . NOV 2005Dividend Growth iA iA Investment Management NOV 2005Canadian Conservative Equity iA IA Clarington Investments Inc . NOV 2004Canadian Equity Index iA iA Investment Management SEP 2001Canadian Equity Value iA iA Investment Management MAY 1969Fidelity True North® iA Fidelity Investments JAN 1999Canadian Equity Growth iA iA Investment Management OCT 2001Fidelity Canadian Opportunities iA Fidelity Investments JAN 1999Canadian Equity Small Cap (QV) iA QV Investors Inc . NOV 2008

List of Funds Offered by iA Financial Group

iA Financial Group Funds Fund Investment Advisor Inception Manager Date

3

iA Financial Group Funds Fund Investment Advisor Inception Manager Date

U.S. & INTERNATIONAL EQUITY FUNDSGlobal Equity Index ACWI (BlackRock) iA BlackRock OCT 2018Global Dividend (Dynamic) iA Dynamic Funds NOV 2006Global Equity (QV) iA QV Investors Inc . DEC 2008Global Equity iA iA Investment Management JUL 2009Global Opportunities (Radin) iA Radin Capital Partners Inc . JAN 2012Global True Conviction iA iA Investment Management JAN 2011Fidelity Global Concentrated Equity iA Fidelity Investments OCT 2018Fidelity NorthStar® iA Fidelity Investments NOV 2005International Equity Index (BlackRock) iA BlackRock SEP 1999International Equity iA iA Investment Management NOV 2008Fidelity European Equity iA Fidelity Investments JAN 1999U .S . Equity Index (BlackRock) iA BlackRock JAN 1998Fidelity Insights iA Fidelity Investments OCT 2019Thematic Innovation iA iA Investment Management OCT 2018American (Dynamic) iA Dynamic Funds OCT 2019U .S . Equity iA iA Investment Management DEC 2006U .S . Dividend Growth iA iA Investment Management NOV 2005

SPECIALTY FUNDS Asian Pacific (Dynamic) iA Dynamic Funds JAN 2000Emerging Markets (Jarislowsky Fraser) iA Jarislowsky Fraser Limited OCT 2019Global Health Care (Renaissance) iA CIBC Asset Management SEP 2001Global Infrastructure (Dynamic) iA Dynamic Funds OCT 2019Real Estate Income iA iA Investment Management OCT 2003U .S . DAQ Index iA iA Investment Management SEP 1999

INDEXIA FUNDS Indexia Prudent iA iA Investment Management OCT 2018Indexia Moderate iA iA Investment Management OCT 2018Indexia Balanced iA iA Investment Management OCT 2018Indexia Growth iA iA Investment Management OCT 2018Indexia Aggressive iA iA Investment Management OCT 2018

4

Professional Management of the Funds

GLOBAL EQUITY INDEX ACWI (BLACKROCK)INTERNATIONAL EQUITY INDEX (BLACKROCK)U .S . EQUITY INDEX (BLACKROCK)

BlackRock 161 Bay Street, Suite 2500PO Box 614Toronto, Ontario M5J 2S1

FIDELITY AMERICAN HIGH YIELD CURRENCY NEUTRALFIDELITY GLOBAL MONTHLY INCOMEFIDELITY TRUE NORTH®

FIDELITY CANADIAN OPPORTUNITIESFIDELITY GLOBAL CONCENTRATED EQUITYFIDELITY NORTHSTAR®

FIDELITY EUROPEAN EQUITYFIDELITY INSIGHTS

Fidelity Investments Canada Limited483 Bay Street, Suite 300Toronto, Ontario M5G 2N7

GLOBAL DIVIDEND (DYNAMIC)AMERICAN (DYNAMIC)ASIAN PACIFIC (DYNAMIC)GLOBAL INFRASTRUCTURE (DYNAMIC)

Dynamic Funds1 Adelaide Street East, 29th FloorToronto, Ontario M5C 2V9

CANADIAN BALANCED (QV)CANADIAN EQUITY SMALL CAP (QV)GLOBAL EQUITY (QV)

QV Investors Inc .Livingston Place, South Tower222 - 3rd Avenue SW, Suite 1008Calgary, Alberta T2P 0B4

EMERGING MARKETS (JARISLOWSKY FRASER) Jarislowsky Fraser Limited1010 Sherbrooke Street W .Montreal, Quebec H3A 2R7

GLOBAL DIVERSIFIED (LOOMIS SAYLES) Loomis, Sayles & CompanyOne Financial Center655 Atlantic Ave Boston, MA 02111

SRI BALANCED (INHANCE) Vancity Investment Management Ltd .900 West Hastings Street, Suite 300Vancouver, British Columbia V6C 1E5

GLOBAL FIXED INCOME (PIMCO) PIMCO Canada Corp .199, Bay Street, Suite 2050Commerce Court StationP .O . Box 363Toronto, Ontario M5L 1G2

GLOBAL HEALTH CARE (RENAISSANCE) CIBC Asset Management1500 University Street, Suite 800Montreal, Quebec H3A 3S6

CORE PLUS BONDFLOATING RATE INCOMESTRATEGIC CORPORATE BONDSTRATEGIC INCOME STRATEGIC EQUITY INCOMECANADIAN CONSERVATIVE EQUITY

IA Clarington Investments Inc .522 University Avenue, Suite 700Toronto, Ontario M5G 1Y7

GLOBAL OPPORTUNITIES (RADIN) Radin Capital Partners Inc .1300 Yonge Street, Suite 703Toronto, Ontario M4T 1X3

5

Professional Management of the Funds

GLOBAL DIVERSIFIED FIXED INCOME (FORSTRONG)GLOBAL DIVERSIFIED (FORSTRONG)GLOBAL DIVERSIFIED EQUITY (FORSTRONG)

Forstrong Global Asset Management26 Wellington Street East, Suite 920Toronto, Ontario M5E 1S2

FOCUS PRUDENTFOCUS MODERATEFOCUS BALANCEDFOCUS GROWTHFOCUS AGGRESSIVESELECTION PRUDENTSELECTION MODERATESELECTION BALANCEDSELECTION GROWTHSELECTION AGGRESSIVEMONEY MARKETSHORT TERM BONDBONDCANADIAN CORPORATE BONDDIVERSIFIED SECURITYDIVERSIFIEDDIVERSIFIED OPPORTUNITYDIVERSIFIED INCOMEGLOBAL ASSET ALLOCATION SECURITY (iAIM)GLOBAL ASSET ALLOCATION (iAIM)GLOBAL ASSET ALLOCATION OPPORTUNITY (iAIM)DIVIDEND GROWTHCANADIAN EQUITY INDEXCANADIAN EQUITY VALUECANADIAN EQUITY GROWTHGLOBAL EQUITYGLOBAL TRUE CONVICTIONINTERNATIONAL EQUITYTHEMATIC INNOVATIONU .S . EQUITYU .S . DIVIDEND GROWTHREAL ESTATE INCOMEU .S . DAQ INDEXINDEXIA PRUDENTINDEXIA MODERATEINDEXIA BALANCEDINDEXIA GROWTHINDEXIA AGGRESSIVE

iA Investment Management1080 Grande Allée WestPO Box 1907, Station TerminusQuebec City, QC G1K 7M3

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Management Fees and Management Expense Ratio ”MER“ as at December 31, 2019

MANAGEMENT FEES (%)1

UNDERLYING FUND FEE

(%)2

MANAGEMENT EXPENSE RATIO (MER) (%)1

My Education+Prestige

Preferential Pricing



FOCUS FUNDSFocus Prudent 2.08 1.90 0.01 2.58 2.36

Focus Moderate 2.13 1.93 0.01 2.62 2.35

Focus Balanced 2.17 1.98 0.01 2.66 2.42

Focus Growth 2.22 2.03 0.02 2.71 2.53

Focus Aggressive 2.26 2.04 0.02 2.76 2.55

SELECTION FUNDSSelection Prudent 2.03 1.89 0.00 2.55 2.40

Selection Moderate 2.08 1.95 0.00 2.61 2.47

Selection Balanced 2.15 2.02 0.00 2.69 2.52

Selection Growth 2.23 2.10 0.00 2.78 2.62

Selection Aggressive 2.30 2.17 0.00 2.84 2.64

INCOME FUNDMoney Market 1.05 1.00 - 1.40 1.35

Short Term Bond 1.75 1.60 - 2.14 1.96

Bond 1.73 1.60 0.00 2.18 2.01

Canadian Corporate Bond 1.73 1.60 - 2.15 1.98

Core Plus Bond 1.77 1.65 - 2.21 2.07

Global Fixed Income (PIMCO) 2.10 1.88 - 2.59 2.32

Floating Rate Income* 1.74 1.65 - 2.17 2.07

Strategic Corporate Bond 1.72 1.62 0.00 2.17 2.03

Fidelity American High Yield Currency Neutral 2.11 1.97 - 2.62 2.44

DIVERSIFIED FUNDSDiversified Security 2.04 1.89 0.05 2.61 2.43

Diversified 2.08 1.75 0.03 2.64 2.26

Diversified Opportunity 2.13 1.77 0.02 2.65 2.23

Canadian Balanced (QV) 2.08 1.89 - 2.53 2.31

SRI Balanced (Inhance) 2.27 2.11 - 2.79 2.63

Diversified Income 2.17 1.77 0.02 2.67 2.22

Strategic Income 2.06 1.68 - 2.53 2.09

Global Diversified (Loomis Sayles) 2.16 1.98 - 2.67 2.47

Global Diversified Fixed Income (Forstrong) 2.07 1.93 0.26 2.83 2.63

Global Diversified (Forstrong) 2.12 1.94 0.21 2.80 2.59

Global Diversified Equity (Forstrong) 2.16 2.01 0.19 2.83 2.64

Fidelity Global Monthly Income 2.38 2.20 - 2.95 2.70

Global Asset Allocation Security (iAIM) 2.18 2.05 0.06 2.80 2.64

Global Asset Allocation (iAIM) 2.22 1.88 0.07 2.84 2.45

Global Asset Allocation Opportunity (iAIM) 2.26 1.91 0.08 2.89 2.49

MANAGEMENT FEES (%)1

UNDERLYING FUND FEE

(%)2

MANAGEMENT EXPENSE RATIO (MER) (%)1





CANADIAN EQUITY FUNDSStrategic Equity Income 2.09 1.69 - 2.55 2.10

Dividend Growth 2.12 1.72 - 2.58 2.13

Canadian Conservative Equity 2.10 1.73 0.00 2.59 2.18

Canadian Equity Index 2.16 1.75 0.01 2.65 2.23

Canadian Equity Value 2.21 1.86 0.00 2.73 2.33

Fidelity True North® 2.33 2.12 - 2.84 2.61

Canadian Equity Growth 2.21 1.84 - 2.70 2.30

Fidelity Canadian Opportunities 2.34 2.09 - 2.83 2.53

Canadian Equity Small Cap (QV) 2.55 2.32 - 3.08 2.79

U.S. & INTERNATIONAL EQUITY FUNDSGlobal Equity Index ACWI (BlackRock) 2.14 1.78 0.10 2.71 2.32

Global Dividend (Dynamic) 2.44 2.21 0.04 2.98 2.71

Global Equity (QV) 2.33 2.13 - 2.83 2.59

Global Equity 2.32 1.94 - 2.80 2.35

Global Opportunities (Radin) 2.23 2.05 - 2.70 2.52

Global True Conviction 2.32 1.92 - 2.81 2.37

Fidelity Global Concentrated Equity 2.54 2.34 0.15 3.26 3.03

Fidelity NorthStar® 2.49 2.29 0.02 3.05 2.83

International Equity Index (BlackRock) 2.21 2.02 0.02 2.72 2.51

International Equity 2.32 1.96 - 2.79 2.39

Fidelity European Equity 2.40 2.20 - 2.89 2.64

U .S . Equity Index (BlackRock) 2.21 2.04 0.01 2.71 2.50

Fidelity Insights* 2.43 2.25 - 2.95 2.75

Thematic Innovation 2.12 1.76 - 2.60 2.21

American (Dynamic)* 2.29 2.11 0.05 2.84 2.64

U .S . Equity 2.32 1.96 - 2.80 2.39

U .S . Dividend Growth 2.16 1.79 - 2.62 2.20

SPECIALTY FUNDSAsian Pacific (Dynamic) 2.50 2.30 0.08 3.07 2.84

Emerging Markets (Jarislowsky Fraser)* 2.62 2.46 - 3.14 2.93

Global Health Care (Renaissance) 2.88 2.68 - 3.43 3.21

Global Infrastructure (Dynamic)* 2.43 2.25 0.09 3.03 2.83

Real Estate Income 2.35 1.89 - 2.81 2.32

U .S . DAQ Index 2.26 2.06 0.20 2.92 2.70

INDEXIA FUNDSIndexia Prudent 1.52 1.43 0.02 1.97 1.88

Indexia Moderate 1.52 1.43 0.02 1.96 1.86

Indexia Balanced 1.52 1.43 0.02 1.97 1.86

Indexia Growth 1.52 1.43 0.02 1.96 1.85

Indexia Agressive 1.52 1.43 0.02 1.96 1.89

* MER is estimated since the fund is new or is newly available in the Series (October 2019) and may vary at any time .1 For details on the Management Fees, MER and Fund Fee Rate, refer to Section 2 .3 .4 of the My Education+ Information Folder .2 The Underlying Fund Fee represents the potential expenses of underlying funds in which segregated funds can invest, such as an exchange traded fund (ETF) . Fees are

charged by the underlying funds managers and include management fees and their expenses, which may include expenses for portfolio management, administration, audit, taxes and other fees . Underlying fund fees are included in the MER .

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Investment Objectives and Risk Factors Associated with the Funds

The following are investment objectives and risk factors associated with the Funds offered by iA Financial Group . For a complete description of each risk factor, please refer to Section 3 .5 .2 of the My Education+ Information Folder .

FOCUS FUNDS FOCUS PRUDENT Risk: All risksInvestment Objectives Invests in units of a number of underlying funds to generate a regular long-term return by favouring Canadian fixed-income securities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as fixed-income securities issued by Canadian governments and corporations, Canadian equities and foreign equities, and the integration of several managers .

Investment Strategy The target asset mix is composed of 70% income funds and 30% equity funds . The Fund is composed of underlying fund units selected by the manager to reach the investment objectives while remaining in line with the Fund’s risk profile . In order to pursue the investment objectives, underlying funds in which this fund invests could be withdrawn, replaced or added .

FOCUS MODERATE Risk: All risksInvestment Objectives Invests in units of a number of underlying funds to generate a high long-term return by placing a slight emphasis on Canadian fixed-income securities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as fixed-income securities issued by Canadian governments and corporations, Canadian equities and foreign equities, and the integration of several managers .


FOCUS BALANCED Risk: All risksInvestment Objectives Invests in units of a number of underlying funds to generate a superior long-term return by favouring a balance between Canadian equities, foreign equities and fixed-income securities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as fixed-income securities issued by Canadian governments and corporations, Canadian equities, foreign equities and the integration of several managers .


FOCUS GROWTH Risk: All risksInvestment Objectives Invests in units of a number of underlying funds to generate a superior long-term return by placing a slight emphasis on Canadian and foreign equities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as fixed-income securities issued by Canadian governments and corporations, Canadian equities, foreign equities and the integration of several managers .


FOCUS AGGRESSIVE Risk: All risksInvestment Objectives Invests in units of a number of underlying funds to maximize the long-term return by favouring Canadian and foreign equities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as fixed-income securities issued by Canadian governments and corporations, Canadian equities, foreign equities and the integration of several managers .


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SELECTION FUNDS SELECTION PRUDENT Risk: All risksInvestment Objectives This fund primarily seeks to generate regular income and to preserve the capital by investing conservatively and mainly in income funds while also investing in equity funds .

Investment Strategy The target asset mix is composed of 75% income funds and 25% equity funds . Also, in order to pursue the investment objectives, underlying funds in which this fund invests could be withdrawn, replaced or added . This fund will be rebalanced at least once a year in order to be in line with the target allocation .

SELECTION MODERATE Risk: All risksInvestment Objectives This fund seeks to generate regular income and offer the potential for capital growth over the long term by slightly favouring income funds over equity funds .


SELECTION BALANCED Risk: All risksInvestment Objectives This fund seeks a balance between generating regular income and providing capital growth over the medium to long term by investing in income and equity funds .


SELECTION GROWTH Risk: All risksInvestment Objectives This fund primarily seeks to provide capital growth over the medium to long term with equity funds while trying to generate regular income through income funds .


SELECTION AGGRESSIVE Risk: All risksInvestment Objectives This fund primarily seeks to provide capital growth in the short and medium term by investing aggressively and mainly in equity funds .


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INCOME FUNDS MONEY MARKET Risk: I DInvestment Objectives Aims to maintain excellent capital protection and a high level of liquidity, by investing in Canadian short-term securities guaranteed by Canadian governments and certain companies .

Investment Strategy The Money Market Fund is composed of quality securities with maturities under one year guaranteed by federal, provincial and municipal governments and their agencies .

SHORT TERM BOND Risk: I C DInvestment Objectives Provides a reasonably high return by reinvesting the interest income in the Fund while ensuring capital protection . Mainly invests in bonds issued and guaranteed by Canadian governments and corporations .

Investment Strategy The Short Term Bond Fund is mainly composed of bonds and other high-quality debt securities with short and medium-term maturities from the federal and provincial governments, and from corporations offering good income and capital security potential .

BOND Risk: I C DInvestment Objectives Aims to maximize the returns from interest income and capital appreciation through a diversified portfolio primarily invested in quality bond securities from Canadian governments and corporations .

Investment Strategy The Bond Fund is primarily invested in bonds, coupons and other high quality debt securities from the private sector and the federal and provincial governments . The selection of securities is mostly based on forecasting the evolution of interest rates on the market .

CANADIAN CORPORATE BOND Risk: I C $ E D LInvestment Objectives Aims to maximize returns from interest income and capital appreciation through a diversified portfolio mainly composed of quality bond securities issued by corporations .

Investment Strategy Invests primarily in fixed-income securities issued by Canadian companies, and may invest in foreign securities . The manager uses fundamental analysis to select investments and reviews the values of the investments on an ongoing basis, paying particular attention to credit quality and diversification by geographic region, industry sector, size of issuer and credit rating .

CORE PLUS BOND Risk: I C D L

Investment Objectives Provides income and the potential for long term capital growth, while preserving capital and mitigating the effects of interest rate fluctuations, by investing primarily in fixed income securities including government bonds, investment grade bonds and high-yield bonds, as well as other income producing securities such as asset-backed securities and senior floating rate loans .

Investment Strategy Invests in units of the IA Clarington Core Plus Bond Fund, which will invest primarily in fixed income securities of North American companies including government bonds, investment grade bonds, high yield bonds, asset backed securities and senior loans and other income producing securities, such that the overall weighted average credit rating of the Fund’s portfolio is “BBB-” or higher .

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GLOBAL FIXED INCOME (PIMCO) Risk: I C $ E M L DInvestment Objectives The Fund aims to optimize current income by investing primarily in a diversified portfolio of fixed income securities that are not denominated in Canadian dollars . It targets moderate long-term capital appreciation .

Investment Strategy The Fund invests primarily in a diversified portfolio of fixed-income securities that are not denominated in Canadian dollars and with a variety of maturities . It can invest up to 50% of its total assets in high-yield securities (“high risk bonds”) that have been rated or, if they are not rated, in securities of comparable quality . The Fund can invest up to 20% of its total assets in securities and instruments that are economically linked to emerging markets . The Fund limits its exposure to currencies (of securities denominated in currencies other than the Canadian dollar) to 10% of its total assets . The Fund can also resort to targeted derivatives, such as options, futures and forward contracts, and swaps .

FLOATING RATE INCOME Risk: I C $ E D LInvestment Objectives Invests in units of an underlying fund that aims to provide a stream of current monthly income by investing primarily in senior floating rate loans .

Investment Strategy Invests in units of the IA Clarington Floating Rate Income Fund which is primarily invested in senior floating rate loans, other floating rate securities and debt obligations of investment grade and non-investment grade North American and global corporate issuers .

STRATEGIC CORPORATE BOND Risk: I C $ D LInvestment Objectives Provides income and the potential for long term capital growth by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities .

Investment Strategy Invests in units of the IA Clarington Strategic Corporate Bond Fund, which invests primarily in fixed income securities of North American companies . The advisor uses fundamental analysis to select investments and reviews the values of the investments on an ongoing basis, paying particular attention to credit quality and diversification by geographic region, industry sector, size of issuer and credit rating .

FIDELITY AMERICAN HIGH YIELD CURRENCY NEUTRAL Risk: A I C $ E D LInvestment Objectives Aims to provide income and the potential for long term capital growth by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities .

Investment Strategy Invests in units of the Fidelity American High Yield Fund, which invests primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by U .S . companies . The Fund also uses derivatives to try to minimize the exposure to currency fluctuations between the U .S . and Canadian dollars . Fidelity American High Yield Currency Neutral Fund aims to hedge foreign currency exposure back to Canadian dollars, thus providing the benefit of the U .S market while reducing currency .

DIVERSIFIED FUNDS1

DIVERSIFIED SECURITY Risk: All risksInvestment Objectives Generates regular long-term revenues as well as some capital appreciation . It focuses on reducing risk through a careful selection of different categories of fixed-income securities from the federal and provincial governments and corporations as well as Canadian and foreign equities of large capitalization companies .

Investment Strategy The Diversified Security Fund’s strategy is based on active and prudent management of the investment through careful diversification of the asset classes (equities and fixed-income securities) . The Fund advisor pursues a balance between security and capital growth, and typically favours fixed-income securities .

1 Diversified Funds entail all risks because of the variety of securities that make up the Funds. However, the diversification of assets greatly limits the impact of such risks since these assets do not react in the same direction to financial market movements. Therefore, some securities will be negatively influenced while others will be positively influenced by particular market movements.

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DIVERSIFIED Risk: All risksInvestment Objectives Maximizes the long-term returns and reduces the risk through a balanced distribution of investments among the Fund’s asset classes: fixed-income securities, Canadian equities and foreign equities . The equity portion is mainly invested in securities equities of large capitalization companies .

Investment Strategy The Diversified Fund’s assets are distributed among Canadian and foreign equities and fixed-income securities to meet the Fund’s long-term return objective . Active management is designed to target the ideal combination of growth and security based on trends in the economy and the financial markets .

DIVERSIFIED OPPORTUNITY Risk: All risksInvestment Objectives Maximizes long-term returns while minimizing risks through careful diversification of the asset classes: Canadian fixed-income securities, Canadian equities and foreign equities . The fund mainly invests in equities of large capitalization companies and fixed-income securities .

Investment Strategy The strategy focuses on a distribution of the assets between Canadian and foreign equities, and fixed-income securities . The advisor typically favours equities over fixed-income securities but has above-average flexibility in terms of asset allocation in order to position the fund in a situation that will be beneficial given the trends in the economy and the financial markets .

CANADIAN BALANCED (QV) Risk: All risksInvestment Objectives Aims to achieve capital appreciation and income with a focus on preserving the value of the original capital by investing primarily in a portfolio of Canadian equity and fixed-income investments .

Investment Strategy Invests in units of the IA Clarington Canadian Balanced (QV) Fund, which normally invests in a mix of short-term, high quality bonds, preferred shares and larger-cap common stocks to lower volatility in the portfolio and ensure long-term growth . The mix of bonds and stocks is adjusted to reflect the potential returns of the assets . The Fund may also invest in foreign securities .

SRI BALANCED (INHANCE) Risk: All risksInvestment Objectives Generates interest and dividend income as well as capital appreciation by investing in an underlying fund that meets the advisor’s socially responsible investment principles, with a balanced holding in bond and equity funds .

Investment Strategy Invests in units of the IA Clarington Inhance Balanced SRI Portfolio, which normally invests in fixed income and also Canadian and global equity funds . The Fund advisor will consider the style employed by the underlying fund to determine whether it invests in companies with progressive social, environmental and governance practices .

DIVERSIFIED INCOME Risk: A I $Investment Objectives Generates a regular long-term return by investing mostly in trust units, common stocks and fixed-income securities from Canadian corporations and Canadian governments . The common stock portion mainly invests in equities of large capitalization Canadian companies .

Investment Strategy Invests primarily in a diversified portfolio of income trusts such as oil, gas and other commodity-based royalty trusts, real estate investment trusts, pipeline and power trusts, common stocks and fixed-income instruments .

STRATEGIC INCOME Risk: All risksInvestment Objectives Provides a consistent stream of income and capital appreciation by investing primarily in Canadian equity and fixed income investments .

Investment Strategy Invests in units of the IA Clarington Strategic Income Fund, which invests primarily in Canadian equity and fixed income securities . The advisor employs a rigorous bottom-up strategy with a 12 to 18 month strategic outlook on the markets with a view to invest in a stable mix of income producing equity and fixed income securities demonstrating strong fundamentals while aiming to minimize volatility through all market conditions .

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GLOBAL DIVERSIFIED (LOOMIS SAYLES) Risk: All risksInvestment Objectives Aims to provide long-term capital appreciation by investing primarily in equity securities, fixed-income investments and money market instruments from around the world .

Investment Strategy Invests in units of the IA Clarington Global Allocation Fund, which mainly invests in global fixed-income and equity securities following a fundamental bottom-up approach to investing .

GLOBAL DIVERSIFIED FIXED INCOME (FORSTRONG) Risk: All risksInvestment Objectives Provides income and long-term capital appreciation primarily through diversified investments in both domestic and foreign income-oriented and equity exchange traded funds (“ETF”) . Fixed income securities are preferred .

Investment Strategy The portfolio manager actively manages the Fund’s asset mix based on its long-term macroeconomic outlook and shorter term tactical strategies . The manager determines the relative desirability of asset classes and specific ETFs on an ongoing basis by grading them based on criteria such as, but not limited to, fundamental factors and conditions, quantitative ratings, qualitative assessments and risk/return characteristics .

GLOBAL DIVERSIFIED (FORSTRONG) Risk: All risksInvestment Objectives Aims to provide long-term capital appreciation and modest income primarily through diversified investments in both domestic and foreign equity and income-oriented exchange traded funds (“ETF”) .

Investment Strategy The portfolio manager actively manages the Fund’s asset mix based on its long-term macroeconomic outlook and shorter-term tactical strategies . The manager determines the relative desirability of asset classes and specific ETFs on an ongoing basis by grading them based on criteria such as, but not limited to, fundamental factors and conditions, quantitative ratings, qualitative assessments and risk/return characteristics .

GLOBAL DIVERSIFIED EQUITY (FORSTRONG) Risk: All risksInvestment Objectives Provides long-term capital appreciation and income primarily through diversified investments in both domestic and foreign equity and income oriented exchange traded funds (“ETF”) . Equity securities are preferred .

Investment Strategy The portfolio manager actively manages the Fund’s asset mix based on its long-term macroeconomic outlook and shorter term tactical strategies . The manager determines the relative desirability of asset classes and specific ETFs on an ongoing basis by grading them based on criteria such as, but not limited to, fundamental factors and conditions, quantitative ratings, qualitative assessments and risk/return characteristics .

FIDELITY GLOBAL MONTHLY INCOME Risk: All risksInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth and modest income . This fund invests primarily in fixed income and equity securities of companies anywhere in the world .

Investment Strategy The Fund invests in units of the Fidelity Global Monthly Income Fund . The Fund is invested in a well diversified portfolio of fixed-income securities and equities of companies operating around the world .

GLOBAL ASSET ALLOCATION SECURITY (IAIM) Risk: All risksInvestment Objectives Provides income and long-term capital appreciation primarily through diversified investments in foreign income-oriented and equity securities . Fixed income securities are typically preferred .

Investment Strategy The portfolio manager actively manages the Fund’s asset mix based on its long-term macroeconomic outlook and shorter-term tactical strategies . The manager determines the allocation of asset classes and specific investments on an ongoing basis through fundamental analysis, quantitative and qualitative assessments and risk/return characteristics . The Fund may also invest a portion of its assets in alternative investments such as Mortgages, Private debt, Real Estate, Infrastructure and Private Equity investments .

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GLOBAL ASSET ALLOCATION (IAIM) Risk: All risksInvestment Objectives Provides income and long-term capital appreciation primarily through diversified investments in foreign income-oriented and equity securities .


GLOBAL ASSET ALLOCATION OPPORTUNITY (IAIM) Risk: All risksInvestment Objectives Provides income and long-term capital appreciation primarily through diversified investments in foreign income-oriented and equity securities . Equity securities are typically preferred .


CANADIAN EQUITY FUNDS STRATEGIC EQUITY INCOME Risk: A DInvestment Objectives Invests in an underlying fund which aims to generate modest long-term growth and regular dividend and interest income subject to the preferential tax treatment given to dividends . Invests mainly in high-yield quality dividend common and preferred shares of Canadian companies .

Investment Strategy Invest in units of the IA Clarington Strategic Equity Income Fund, which invests primarily in high quality dividend-paying common and preferred shares of Canadian and foreign corporations, income trust units and/or fixed income securities of Canadian and U .S . issuers . The investment advisor employs a rigorous bottom-up strategy with a 12 to 18 month strategic outlook on the markets with a view to invest in income producing equities demonstrating strong fundamentals . The underlying fund may invest up to 49% of its assets in foreign securities .

DIVIDEND GROWTH Risk: A DInvestment Objectives Invests in an underlying fund which aims to generate regular dividends that will be reinvested in the Fund while seeking long-term capital growth . The fund is mostly composed of stocks of Canadian blue chip style companies . Mainly invests in equities of large capitalization companies .

Investment Strategy The Fund invests in units of the IA Clarington Dividend Growth Fund, which is mainly composed of common and preferred shares of large Canadian blue chip style companies with a substantial capital appreciation and good payment of dividends .

CANADIAN CONSERVATIVE EQUITY Risk: A I MInvestment Objectives Invests in units of an underlying fund which aims to achieve long-term capital growth through investments in Canadian preferred and common shares . It is the policy of the Fund to provide its unitholders with diversification through investments in securities of companies representing many classes of industry . Securities are selected for the purpose of deriving income, protecting the value of investments and achieving long-term capital appreciation . Mainly invests in equities of large capitalization companies .

Investment Strategy Units of the IA Clarington Canadian Conservative Equity Fund, which is actively managed . The advisor selects the securities of companies based on strong financials, history of and prospects for increasing dividends and reasonable value .

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CANADIAN EQUITY INDEX Risk: A D RInvestment Objectives The fund aims to obtain high long-term capital appreciation by attempting to reproduce the return of the S&P/TSX 60 Index, which represents the 60 largest companies in Canada .

Investment Strategy The Fund invests in units of an underlying fund, which is primarily composed of trust units of the S&P/TSX 60 Index .

CANADIAN EQUITY VALUE Risk: A $ E DInvestment Objectives Aims to generate high capital appreciation over the long term mainly through diversified investments in Canadian equities . Moreover, the Fund mainly invests in equities of large capitalization companies .

Investment Strategy The Canadian Equity Value Fund is actively managed in order to profit from the stock market sectors that have the best growth potential based on the major economic trends . The advisor selects the securities of companies that meet strict criteria of soundness, profitability and stability: an approach characterized by a value-based investment style .

FIDELITY TRUE NORTH® Risk: A $ E DInvestment Objectives Invests in units of an underlying fund to seek long-term capital growth by investing mainly in equities of Canadian companies, across all market sectors and market capitalizations .

Investment Strategy Invests in units of the Fidelity True North® Fund . The Fund invests in fundamentally sound companies that are undervalued by the market . The advisor seeks companies that consistently increase their revenues, operating cash flow and investment opportunities .

CANADIAN EQUITY GROWTH Risk: A DInvestment Objectives Obtain an increase in capital over the long term by investing mainly in equities of large capitalization Canadian companies which demonstrate above-average growth potential .

Investment Strategy The investment strategy is to invest in a well-diversified portfolio of Canadian companies with good growth prospects . Therefore, the selection process favours companies that demonstrate characteristics such as good profit growth as well as superior growth of sales and superior return on equity . Moreover, risk management is an important component of the investment process .

FIDELITY CANADIAN OPPORTUNITIES Risk: A $ AS E DInvestment Objectives Invests in units of an underlying fund that pursues long-term capital appreciation by investing mainly in the stocks of smaller and mid-size Canadian companies that are poised for growth over a market cycle . A variable portion of the Fund may be allocated to international assets to take advantage of geographic diversification without affecting the foreign content limit for RRSPs . Mainly invests in small capitalization Canadian companies .

Investment Strategy Invests in units of the Fidelity Canadian Opportunities Fund . The Fund advisor selects stocks using Fidelity’s traditional “bottom-up” investment approach . The advisor seeks fundamentally solid companies that continue to improve their value . These are typically strong, earnings-based companies that are just starting a growth phase or those that appear to have significant earnings potential .

CANADIAN EQUITY SMALL CAP (QV) Risk: A $ E AS DInvestment Objectives Aims to achieve long-term capital appreciation by primarily investing in the stocks of smaller and mid-size Canadian companies .

Investment Strategy Invests in units of the IA Clarington Canadian Small Cap Fund . The Fund invests primarily in equities of smaller and mid-size Canadian companies . The fund may also invest in foreign securities, generally less than 30% of the Fund’s book value .

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U.S. & INTERNATIONAL EQUITY FUNDS GLOBAL EQUITY INDEX ACWI (BLACKROCK) Risk: A $ E RInvestment Objectives Invests in units of an underlying fund in order to grow the medium and long-term capital of a widely-diversified global equity portfolio which reproduces the returns of the MSCI ACWI Ex-Canada Index . This index is comprised mainly of shares from large-cap companies, located around the world, including emerging countries .

Investment Strategy Currently invests in units of the BlackRock CDN MSCI ACWI Ex-Canada Index Fund, which comprises equity securities that reproduce the return of the MSCI ACWI Ex-Canada Index . The purpose of passive management is to reproduce as closely as possible the index return converted into Canadian dollars .

GLOBAL DIVIDEND (DYNAMIC) Risk: A $ E RInvestment Objectives Invests in units of an underlying fund to provide long-term capital growth through investments in a broadly diversified portfolio consisting primarily of equity securities of businesses located around the world .

Investment Strategy Invests in units of the Dynamic Global Dividend Value Fund, which is primarily invested in equity securities of businesses located around the world that have current or anticipated dividend policies which the portfolio advisor believes are an indicator of long-term growth potential .

GLOBAL EQUITY (QV) Risk: A $ E AS M L DInvestment Objectives Invests in units of an underlying fund that aims to provide a combination of income and long-term capital growth primarily through investments in equity securities of companies operating around the world .

Investment Strategy Invests in units of the IA Clarington Global Equity Fund, which is invested in a selection of the best companies established outside of Canada .

GLOBAL EQUITY Risk: All risksInvestment Objectives Seeks to generate high long-term added value by investing primarily in a well-diversified portfolio of equities in companies located throughout the world .

Investment Strategy Invests in units of the IA Clarington Global Value Fund . The Fund invests primarily in common stocks of companies throughout the world . The Fund is composed of a selection of company securities that offer good growth potential and attractive value, from various global financial markets .

GLOBAL OPPORTUNITIES (RADIN) Risk: All risksInvestment Objectives Seeks long term capital appreciation by investing in equity securities of companies around the world .

Investment Strategy Invests in units of the IA Clarington Global Opportunities Fund . The advisor selects investments of any market capitalization from many different industries and countries to enhance returns and reduce risks with an emphasis for undervalued companies through fundamental, bottom-up research, and typically holds those companies for three or four years .

GLOBAL TRUE CONVICTION Risk: All risksInvestment Objectives Invests in an equity portfolio that aims to achieve high total investment return by investing primarily in equity securities of companies of which approximately one third are located in Canada, one third in the United states and one third in the Europe/Asia region .

Investment Strategy The Fund advisor will seek to build a fairly diversified portfolio of approximately 45 securities including roughly 15 securities in each of the 3 geographic regions it will invest in (Canada, United States, Europe/Asia) . The 3 sub-portfolios will be managed by different portfolio managers that will aim to include their highest conviction investment ideas in each sub-portfolio . Risk management criterias will however ensure proper sector diversification .

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FIDELITY GLOBAL CONCENTRATED EQUITY Risk: All risksInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth . This fund invests primarily in equity securities of companies anywhere in the world .

Investment Strategy The Fund invests in units of the Fidelity Global Concentrated Equity Fund . The Fund is invested in a well diversified portfolio of equities of companies operating around the world . The Fund’s active management aims to achieve an absolute positive return .

FIDELITY NORTHSTAR® Risk: All risksInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth . This fund invests primarily in equity securities of companies anywhere in the world .

Investment Strategy The Fund invests in units of the Fidelity NorthStar® Fund . The Fund is invested in a well diversified portfolio of equities of companies operating around the world . The Fund’s active management aims to achieve an absolute positive return .

INTERNATIONAL EQUITY INDEX (BLACKROCK) Risk: I $ E D RInvestment Objectives Invests in units of an underlying fund that aims to provide high long-term capital appreciation by investing in securities in the index to reproduce the return of the Morgan Stanley Capital International EAFE Index (MSCI EAFE Index) . Mainly invests in the securities of large capitalization companies that operate in Europe, Australasia and the Far East .

Investment Strategy Invests in units of the BGICL Daily EAFE Equity Index Fund, which is made up of securities that are included in the MSCI EAFE Index . Passive management of this fund is designed to reproduce, as accurately as possible, the return of the index, converted into Canadian dollars, over a medium- and long-term horizon .

INTERNATIONAL EQUITY Risk: All risksInvestment Objectives The goal is to generate added value in the long term by investing in a well-diversified portfolio of equities in primarily medium- and large capitalization companies located outside North America .

Investment Strategy The Fund is composed of a selection of quality international equities with good growth potential and attractive value, in companies located outside North America . Active management of the Fund relies on a “Growth at a Reasonable Price” approach .

FIDELITY EUROPEAN EQUITY Risk: A $ E DInvestment Objectives Invests in units of an underlying fund that aims to provide long-term capital appreciation by mainly investing in equities of large capitalization companies from continental Europe and the United Kingdom . Investments are made primarily in the member countries of the European Economic Community and the European Free Trade Association .

Investment Strategy Invests in units of the Fidelity European Equity Fund invested primarily in companies from continental Europe and the United Kingdom . The advisor generally constructs the portfolio stock by stock and follows industries more closely than countries

U.S. EQUITY INDEX (BLACKROCK) Risk: A $ RInvestment Objectives Investing in units of an underlying fund in order to grow the medium and long-term capital of a widely-diversified American equity portfolio which reproduces the returns of the Standard & Poor’s 500 index . This index is comprised mainly of shares from large-cap companies .

Investment Strategy Units of the BlackRock CDN U .S . Equity Index Fund, category D, which comprises equity securities that reproduce the return of the Standard & Poor’s index . The purpose of passive management is to reproduce as closely as possible the index return converted into Canadian dollars .

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FIDELITY INSIGHTS Risk: A $ E M AS L DInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth . Mainly invests in equity securities of companies anywhere in the world .

Investment Strategy Invests in units of the Fidelity Insights Class, which aims to invest in equity securities of “best-of-breed” firms with a tilt towards the U .S . market .

THEMATIC INNOVATION Risk: All risksInvestment Objectives Generate long term-growth in capital by investing mainly in a portfolio of U .S . companies .

Investment Strategy The portfolio manager seeks to build a portfolio consisting of companies taking advantage of structural innovation themes in the economy .

AMERICAN (DYNAMIC) Risk: A $ E M AS L DInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth . Invests primarily in equity securities of companies in the United States .

Investment Strategy Invests in units of the Dynamic American Fund which seeks to take advantage of a broad variety of investment opportunities in the U .S through active management .

U.S. EQUITY Risk: All risksInvestment Objectives Seeks to generate long-term capital growth by investing primarily in a diversified portfolio of equities in quality U .S . companies . Invests in companies of all capitalizations with an emphasis on large-capitalization companies .

Investment Strategy The Fund invests primarily in the equity securities of large-capitalization U .S . companies with solid financial statements . The manager seeks to produce superior returns and looks for securities which can be purchased at a reasonable price and which he believes will offer a consistent increase in earnings .

U.S. DIVIDEND GROWTH Risk: A $ E DInvestment Objectives Invests in units of an underlying fund which provides high long-term capital appreciation by primarily investing in stocks of high performing U .S . companies . Mainly invests in equities of large capitalization companies .

Investment Strategy Invests in units of the IA Clarington U .S . Dividend Growth Fund, which mainly invests in large U .S . capitalization equity securities companies with solid financial statements . The advisor selects the securities he anticipates will provide consistent growth in profits .

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SPECIALTY FUNDS ASIAN PACIFIC (DYNAMIC) Risk: A $ E M ASInvestment Objectives Invests in units of an underlying fund to obtain maximum long-term capital growth by investing primarily in equities of companies located in the entire Pacific region including Japan . Mainly invests in equities of large capitalization companies .

Investment Strategy Units of the Dynamic Asia Pacific Equity Fund which is comprised of a selection of equities of companies located in the entire Pacific region including Japan . Companies with a sustainable competitive advantage where growth is not fully reflected in the price are selected .

EMERGING MARKETS (JARISLOWSKY FRASER) Risk: A $ E M AS L DInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth through primarily investing in stocks of companies located around the world having commercial activities in emerging markets .

Investment Strategy Invests in units of the Jarislowsky Fraser Emerging Markets Fund, which is mostly invested in a selection of stocks of companies located around the world having commercial activities in emerging markets .

GLOBAL HEALTH CARE (RENAISSANCE) Risk: A $ E DInvestment Objectives Invests in units of an underlying fund to seek long-term capital appreciation by investing mainly in medium and large capitalization companies engaged in the design, development, manufacturing and distribution of products or services in the healthcare sector .

Investment Strategy Units of the Renaissance Global Health Care Fund . The approach is to shift assets of the Fund into subsectors of the healthcare field with a better potential for future performance . Within each subsector, focus is on bottom-up stock selection using value management filters to identify portfolio candidates . There is also a fundamental approach to understanding the science and technology behind a prospective company’s products and services .

GLOBAL INFRASTRUCTURE (DYNAMIC) Risk: A $ E AS L DInvestment Objectives Invests in units of an underlying fund that aims to achieve long-term capital growth . Invests primarily in equity securities of companies anywhere in the world .

Investment Strategy Invests in units of the Dynamic Global Infrastructure Fund . Invests in a diversified portfolio of publicly-traded companies from around the globe that mainly own infrastructure assets directly .

REAL ESTATE INCOME Risk: A I C M L DInvestment Objectives Invests in units of an underlying fund to generate a regular long-term income by mainly investing in trust units of Canadian companies and short-term fixed-income securities issued and guaranteed by the federal and provincial governments as well as Canadian corporations .

Investment Strategy Invests primarily in trust units, mostly real estate trust units, preferred securities and some short-term fixed-income securities .

U.S. DAQ INDEX Risk: A $ E D RInvestment Objectives Invests in units of an underlying fund that provides high long-term capital appreciation through investments that reproduce the return of the NASDAQ 100 Index of the U .S . Stock Exchange .

Investment Strategy The Fund invests in units of the PowerShares QQQTM, which seeks to replicate the NASDAQ 100 Index® of the U .S . Stock Exchange . Passive management of this Fund aims to reproduce, as accurately as possible, the return of the index, converted into Canadian dollars, over a medium and long-term horizon . This index is characterized by the securities of companies that offer promising products and services such as telecommunications equipment, computer services, high-technology products, etc .

20

INDEXIA FUNDS INDEXIA PRUDENT Risk: All risksInvestment Objectives Invests in units of a number of underlying index funds to generate a regular long-term return by favouring fixed-income securities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as Canadian and foreign fixed-income securities, Canadian equities and foreign equities, and the integration of several managers .

Investment Strategy The target allocation is 70% in fixed income funds and 30% in equity funds . The Fund is composed of underlying index fund units selected by the manager to reach the investment objectives while remaining in line with the Fund’s risk profile .

INDEXIA MODERATE Risk: All risksInvestment Objectives Invests in units of a number of underlying index funds to generate a regular long-term return by favouring a balance between fixed-income securities and equities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as Canadian and foreign fixed-income securities, Canadian equities and foreign equities, and the integration of several managers .


INDEXIA BALANCED Risk: All risksInvestment Objectives Invests in units of a number of underlying index funds to generate a regular long-term return with a slight emphasis on equities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as Canadian and foreign fixed-income securities, Canadian equities and foreign equities, and the integration of several managers .


INDEXIA GROWTH Risk: All risksInvestment Objectives Invests in units of a number of underlying index funds to generate a regular long-term return with an emphasis on equities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as Canadian and foreign fixed-income securities, Canadian equities and foreign equities, and the integration of several managers .


INDEXIA AGGRESSIVE Risk: All risksInvestment Objectives Invests in units of a number of underlying index funds to generate a regular long-term return with a strong emphasis on equities . Maintains a certain diversity of the investments that make up the portfolio using different asset classes such as Canadian and foreign fixed-income securities, Canadian equities and foreign equities, and the integration of several managers .


21

WHO IS THIS FUND FOR?The fund may be suitable for an investor who:

• seeks a regular long-term return• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which mainly invest in Canadian fixed-income securities. The underlying funds may invest in Canadian equities and foreign equities.

HOW HAS THE FUND PERFORMED?This section tells you how the fund has performed over the past years for the Classic Series 75/75. Returns shown are after the MER has been deducted.Important: Past performance does not indicate how the fund will perform in the future. Also, your actual return will depend on the changes you made to your investment and your personal tax situation.HOW RISKY IS IT?

The value of your investment can go down. Please refer to the Information Folder for further details.

ARE THERE ANY GUARANTEES?This fund is offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The MER includes the insurance fee for the guarantees. For details, please refer to the Information Folder and the contract.

1 For details on the Prestige Preferential Pricing refer to Section 4.6.3 of the My Education+ Individual Variable Annuity Contract

2 iA Financial Group is currently waiving a portion of the operating expenses for this fund and can terminate the waiver at any time without notice. For the period ending December 31, 2019, the waiver was set at 0.06%.

3 For details on the Industrial Alliance Bond Fund top investments refer to the corresponding Fund facts included in this document

FUND FACTSIndustrial Alliance Insurance and Financial Services Inc.

My Education+ FOCUS PRUDENT FUND Information as at December 31, 2019

AVERAGE RETURNA person who invested $1,000 in the fund 10 years ago (or since the date it was first offered under My Education+ if less than 10 years) now has $1,279. This works out to an average return of 2.77% a year.

-5

0

5

10

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.28

1.82

3.40 3.35

5.99

1.622.04

2.45

-3.48

8.09

QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: iA Investment ManagementTotal Fund Value: $188.6 millionNumber of Units Outstanding: 9,512,925Portfolio Turnover Rate: 62.01% Minimum Investment: $25

Management Expense Ratio (MER)2 : 2.58%Net Asset Value per Unit : $22.39 Prestige Preferential Pricing1 Management Expense Ratio (MER)2 : 2.36%Net Asset Value per Unit : $22.61

YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 10 years. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2016. During this period, the fund was up in value 9 years and down in value 1 year.

RISK LEVEL

LowLow to

moderate ModerateModerate

to high High

Top investments of the FundIndustrial Alliance Bond Fund3 54.82%PIMCO Monthly Income Fund (Canada) 7.06%Industrial Alliance Dividend Fund 6.27%Dynamic Global Dividend Fund, Series O 6.02%Industrial Alliance International Equity Fund 4.50%Industrial Alliance Canadian Equity Growth Fund 4.29%IA Clarington Strategic Corporate Bond Fund, Series I 4.03%IA Clarington Floating Rate Income Fund, Series I 4.03%IA Clarington U.S. Dividend Growth Fund, Series I 2.75%Fidelity Global Concentrated Equity Institutional Trust 2.50%JF Emerging Markets Equity Fund 1.50%Industrial Alliance U.S. Equity Multifactor (IAIM) 1.25%Industrial Alliance Thematic Innovation Fund 1.01%Other Assets -0.03%Total 100.00%

Total investments: 13

Investment segmentation of the Fund Fixed Income Funds 69.94%Global Equity Funds 14.52%Canadian Equity Funds 10.56%U.S. Equity Funds 5.01%Short term and other -0.03%Total 100.00%

22

HOW MUCH DOES IT COST?The following tables show the fees and expenses you could pay to buy, own and sell units of the fund.One of the following sales charges will apply, see the Information Folder and Individual Variable Annuity Contract for full details or discuss with your life insurance agent.

How It WorksWhat You PaySales Charge Option

FOR MORE INFORMATIONThis summary may not contain all the information you need. Please refer to the Information Folder and the contract.

iA Financial Group1080 Grande Allée WestPO Box 1907, Station TerminusQuebec City, QC G1K 7M31 844 442-4436

Website: ia.ca

TRAILING COMMISSIONEach month, iA Financial Group pays a trailing commission of up to 0.08% of the monthly average market value of your investment in this fund. This commission is for the ongoing service and advice your life insurance agent and his/her agency provide. The trailing commission is included in the management fees. The rate depends on the sales charge option you choose.

WHAT IF I CHANGE MY MIND?You may change your mind within two business days of the earlier of:

• the date you received confirmation or • five business days after it is mailed.

You may also change your mind about subsequent transactions you make under the contract within two business days of the earlier of:

• the date you received confirmation of the transaction or • five business days after it is mailed.

In this case the right to cancel only applies to the new transaction. You have to tell the insurer in writing, by e-mail, fax or letter, that you want to cancel. The amount returned will be the lesser of:

• the value of the premium invested or • the value of the investment on the valuation day following the day iA Financial Group received your

request to cancel. The amount returned only applies to the specific transaction and will include a refund of any sales charges you paid.

FOCUS PRUDENT FUND

There is no initial charge or surrender charge when you invest and if you surrender.

When you invest in the fund, iA Financial Group pays a commission of up to 5.6% to your life insurance agent and his/her agency. No Sales Charge

OTHER FEESYou may have to pay other fees when you surrender or transfer investments in this fund.A transaction fee of $35 may be charged for a surrender or transfer in accordance with administrative policies in force.If you surrender or transfer an investment in the funds within 90 days of the investment date, you may have to pay a frequent trading fee equal to 2% of the market value of this investment. These fees are reinvested in the fund.

Deferred Sales Charge

If you surrender within:1st year 5.5%2nd and 3rd year 5.0%4th and 5th year 4.0%6th year 3.0%7th year 2.0%After 7 years 0.0%

When you invest in the fund, iA Financial Group pays a commission of up to 5.6% to your life insurance agent and his/her agency. Any deferred sales charges paid go to iA Financial Group.

The deferred sales charge is a fixed rate and is deducted from the amount you surrender.You have the right to surrender up to 10% of the market value of your units each year, without a surrender fee. You may switch to units of another fund under the contract at any time without paying a deferred sales charge.

Up to 5% of the amount to be invested in the fund.

You and your life insurance agent decide on the rate. This sales charge is deducted from the amount invested and is paid as a commission to your life insurance agent and his/her agency.

Front End Sales Charge

ONGOING FUND EXPENSESThe MER includes the management fee and operating expenses of the fund. It also includes the insurance fee associated with the guarantees. You don’t pay these expenses directly but they will reduce the return on your investment. For details about how the guarantees work, please refer to the Information Folder and the contract.

My Education+My Education+ Prestige Preferential Pricing

Maturity75%75%

Death75%75%

MER* (Annual rate as a % of the fund value)

2.58% 2.36%

* MER shown may differ from actual MER.

23


• seeks a high long-term return• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which are placing a slight emphasis on Canadian fixed-income securities. The underlying funds may also invest in Canadian equities and foreign equities.






-5

0

5

10

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.10

-1.38

4.30

7.41

5.82

1.64

3.32 3.39

-4.79

9.71


My Education+ FOCUS MODERATE FUND

Information as at December 31, 2019




YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 10 years. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2016. During this period, the fund was up in value 8 years and down in value 2 years.

RISK LEVEL

LowLow to


to high High

Top investments of the FundIndustrial Alliance Bond Fund 41.27%Dynamic Global Dividend Fund, Series O 9.77%Industrial Alliance Dividend Fund 9.01%Industrial Alliance International Equity Fund 6.49%Industrial Alliance Canadian Equity Growth Fund 6.30%PIMCO Monthly Income Fund (Canada) 5.53%Fidelity Global Concentrated Equity Institutional Trust 4.23%IA Clarington Strategic Corporate Bond Fund, Series I 4.02%IA Clarington Floating Rate Income Fund, Series I 4.02%IA Clarington U.S. Dividend Growth Fund, Series I 3.99%JF Emerging Markets Equity Fund 2.00%Industrial Alliance U.S. Equity Multifactor (IAIM) 1.75%Industrial Alliance Thematic Innovation Fund 1.51%Other Assets 0.11%Total 100.00%


Investment segmentation of the Fund Fixed Income Funds 54.84%Global Equity Funds 22.49%Canadian Equity Funds 15.31%U.S. Equity Funds 7.25%Short term and other 0.11%Total 100.00%

24





Website: ia.ca









FOCUS MODERATE FUND













Maturity75%75%

Death75%75%


2.62% 2.35%


25


• seeks to generate a superior long-term return• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which are favoring a balance between Canadian equities, foreign equities and fixed-income securities.





2 iA Financial Group is currently waiving a portion of the operating expenses for this fund and can terminate the waiver at any time without notice. For the period ending December 31, 2019, the waiver was set at 0.06%. -10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.90

-4.47

5.24

11.61

5.54

1.64

4.53 4.33

-6.18

11.30


My Education+ FOCUS BALANCED FUND






RISK LEVEL

LowLow to


to high High

Top investments of the FundIndustrial Alliance Bond Fund 27.85%Industrial Alliance Dividend Fund 12.52%Dynamic Global Dividend Fund, Series O 12.28%Industrial Alliance International Equity Fund 8.74%Industrial Alliance Canadian Equity Growth Fund 8.56%IA Clarington U.S. Dividend Growth Fund, Series I 5.24%Fidelity Global Concentrated Equity Institutional Trust 5.23%IA Clarington Strategic Corporate Bond Fund, Series I 4.03%IA Clarington Floating Rate Income Fund, Series I 4.02%PIMCO Monthly Income Fund (Canada) 4.02%JF Emerging Markets Equity Fund 2.99%Industrial Alliance U.S. Equity Multifactor (IAIM) 2.50%Industrial Alliance Thematic Innovation Fund 2.01%Other Assets 0.01%Total 100.00%


Investment segmentation of the Fund Fixed Income Funds 39.92%Global Equity Funds 29.24%Canadian Equity Funds 21.08%U.S. Equity Funds 9.75%Short term and other 0.01%Total 100.00%

26





Website: ia.ca









FOCUS BALANCED FUND














Maturity75%75%

Death75%75%


2.66% 2.42%

27

-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.70

-7.54

6.13

15.89

5.25

1.64

5.74 5.27

-7.59

12.83



WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which are placing a slight emphasis on Canadian and foreign equities.

HOW HAS THE FUND PERFORMED?This section tells you how the fund has performed over the past years for the Classic Series 75/75. Returns shown are after the MER has been deducted.Important: Past performance does not indicate how the fund will perform in the future. Also, your actual return will depend on the changes you made to your investment and your personal tax situation.

HOW RISKY IS IT?The value of your investment can go down. Please refer to the Information Folder for further details.





My Education+ FOCUS GROWTH FUND






RISK LEVEL

LowLow to


to high High

Top investments of the FundIndustrial Alliance Bond Fund 17.41%Dynamic Global Dividend Fund, Series O 15.53%Industrial Alliance Dividend Fund 15.52%Industrial Alliance International Equity Fund 10.73%Industrial Alliance Canadian Equity Growth Fund 10.58%IA Clarington U.S. Dividend Growth Fund, Series I 6.74%Fidelity Global Concentrated Equity Institutional Trust 6.47%JF Emerging Markets Equity Fund 3.99%Industrial Alliance U.S. Equity Multifactor (IAIM) 3.00%IA Clarington Strategic Corporate Bond Fund, Series I 2.52%IA Clarington Floating Rate Income Fund, Series I 2.52%PIMCO Monthly Income Fund (Canada) 2.51%Industrial Alliance Thematic Innovation Fund 2.51%Other Assets -0.03%Total 100.00%


Investment segmentation of the Fund Global Equity Funds 36.72%Canadian Equity Funds 26.10%Fixed Income Funds 24.96%U.S. Equity Funds 12.25%Short term and other -0.03%Total 100.00%

28





Website: ia.ca









FOCUS GROWTH FUND













Maturity75%75%

Death75%75%


2.71% 2.53%


29


• seeks to maximize the long-term return• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which are favoring Canadian and foreign equities.






-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.49

-10.52

7.05

20.44

4.96

1.66

7.04 6.23

-8.96

14.40


My Education+ FOCUS AGGRESSIVE FUND






RISK LEVEL

LowLow to


to high High

Top investments of the FundIndustrial Alliance Dividend Fund 19.02%Dynamic Global Dividend Fund, Series O 18.28%Industrial Alliance International Equity Fund 13.22%Industrial Alliance Canadian Equity Growth Fund 12.59%IA Clarington U.S. Dividend Growth Fund, Series I 7.98%Fidelity Global Concentrated Equity Institutional Trust 7.71%Industrial Alliance Bond Fund 6.96%JF Emerging Markets Equity Fund 4.49%Industrial Alliance U.S. Equity Multifactor (IAIM) 3.75%Industrial Alliance Thematic Innovation Fund 3.01%IA Clarington Strategic Corporate Bond Fund, Series I 1.01%PIMCO Monthly Income Fund (Canada) 1.00%IA Clarington Floating Rate Income Fund, Series I 1.00%Other Assets -0.02%Total 100.00%


Investment segmentation of the Fund Global Equity Funds 43.70%Canadian Equity Funds 31.61%U.S. Equity Funds 14.74%Fixed Income Funds 9.97%Short term and other -0.02%Total 100.00%

30





Website: ia.ca









FOCUS AGGRESSIVE FUND













Maturity75%75%

Death75%75%


2.76% 2.55%


31



WHAT DOES THIS FUND INVEST IN?This fund invests conservatively in units of a number of underlying funds which emphasize investments in Canadian fixed-income investments. The underlying funds also invest in Canadian equities and foreign equities.






3 For details on the Industrial Alliance Bond Fund top investments refer to the corresponding Fund facts included in this document


My Education+ SELECTION PRUDENT FUND



YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 6 years. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2016. In this period, the fund was up in value 5 years and down in value 1 year.

-4

-2

0

2

4

6

8

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.53

0.40

4.81

2.44

-3.33

7.36


Management Expense Ratio (MER)2 : 2.55%Net Asset Value per Unit : $11.96 Prestige Preferential Pricing1 Management Expense Ratio (MER)2 :2.40%Net Asset Value per Unit : $12.05

RISK LEVEL

LowLow to


to high High

Top 10 investments of the Fund

Industrial Alliance Bond Fund3 55.67%IA Clarington Strategic Corporate Bond Fund, Series I 15.02%Industrial Alliance International Equity Fund 9.20%IA Clarington Canadian Conservative Equity Fund, Series I 7.09%IA Clarington Dividend Growth Class, Series I 7.00%IA Clarington Canadian Small Cap Fund, Series I 3.95%Industrial Alliance U.S. Equity Fund 1.15%Industrial Alliance Thematic Innovation Fund 0.59%Industrial Alliance Money Market Fund 0.31%Other Assets 0.02%Total 100.00%


Investment segmentation of the Fund

Fixed Income Funds 70.69%Canadian Equity Funds 18.04%Global Equity Funds 9.20%U.S. Equity Funds 1.74%Short term and other 0.33%Total 100.00%

32





Website: ia.ca









SELECTION PRUDENT FUND













Maturity75%75%

Death75%75%


2.55% 2.40%


33



WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which slightly emphasize investments in Canadian fixed-income investments. The underlying funds also invest in Canadian equities and foreign equities.







My Education+ SELECTION MODERATE FUND




-5

0

5

10

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.73

0.35

6.23

2.59

-4.41

8.98



RISK LEVEL

LowLow to


to high High


Industrial Alliance Bond Fund 39.68%IA Clarington Strategic Corporate Bond Fund, Series I 15.20%Industrial Alliance International Equity Fund 14.93%IA Clarington Canadian Conservative Equity Fund, Series I 9.57%IA Clarington Dividend Growth Class, Series I 8.85%IA Clarington Canadian Small Cap Fund, Series I 6.78%Industrial Alliance U.S. Equity Fund 3.60%Industrial Alliance Thematic Innovation Fund 0.86%Industrial Alliance Money Market Fund 0.64%Other Assets -0.11%Total 100.00%




34





Website: ia.ca









SELECTION MODERATE FUND













Maturity75%75%

Death75%75%


2.61% 2.47%


35



WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which emphasize a balance between investments in Canadian fixed-income investments, Canadian equities and foreign equities.







My Education+ SELECTION BALANCED FUND




-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.00

0.25

7.64

4.00

-5.52

10.70



RISK LEVEL

LowLow to


to high High


Industrial Alliance Bond Fund 23.36%Industrial Alliance International Equity Fund 16.49%IA Clarington Strategic Corporate Bond Fund, Series I 14.96%IA Clarington Canadian Conservative Equity Fund, Series I 12.75%IA Clarington Dividend Growth Class, Series I 11.67%IA Clarington Canadian Small Cap Fund, Series I 9.10%Industrial Alliance U.S. Equity Fund 8.79%Industrial Alliance Thematic Innovation Fund 2.54%Industrial Alliance Money Market Fund 0.37%Other Assets -0.03%Total 100.00%




36





Website: ia.ca









SELECTION BALANCED FUND













Maturity75%75%

Death75%75%


2.69% 2.52%


37



WHAT DOES THIS FUND INVEST IN?This fund invests in units of a number of underlying funds which slightly emphasize investments in Canadian equities and foreign equities. The underlying funds also invest in Canadian fixed-income investments.







My Education+ SELECTION GROWTH FUND




-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.41

0.22

8.39

5.17

-6.54

12.30



RISK LEVEL

LowLow to


to high High


Industrial Alliance International Equity Fund 19.76%Industrial Alliance Bond Fund 15.38%IA Clarington Dividend Growth Class, Series I 14.22%IA Clarington Canadian Conservative Equity Fund, Series I 13.95%IA Clarington Canadian Small Cap Fund, Series I 11.86%Industrial Alliance U.S. Equity Fund 10.21%IA Clarington Strategic Corporate Bond Fund, Series I 9.92%Industrial Alliance Thematic Innovation Fund 4.27%Industrial Alliance Money Market Fund 0.37%Other Assets 0.06%Total 100.00%



Canadian Equity Funds 40.03%Fixed Income Funds 25.30%Global Equity Funds 19.76%U.S. Equity Funds 14.48%Short term and other 0.43%Total 100.00%

38





Website: ia.ca









SELECTION GROWTH FUND













Maturity75%75%

Death75%75%


2.78% 2.62%


39



WHAT DOES THIS FUND INVEST IN?This fund invests aggressively in units of a number of underlying funds which emphasize investments in Canadian equities and foreign equities. The underlying funds also invest in Canadian fixed-income investments.







My Education+ SELECTION AGGRESSIVE FUND




-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.76

0.49

9.17

5.46

-7.81

13.71



RISK LEVEL

LowLow to


to high High


Industrial Alliance International Equity Fund 19.46%IA Clarington Dividend Growth Class, Series I 17.29%IA Clarington Canadian Small Cap Fund, Series I 16.74%IA Clarington Canadian Conservative Equity Fund, Series I 15.84%Industrial Alliance U.S. Equity Fund 15.05%Industrial Alliance Thematic Innovation Fund 6.35%IA Clarington Strategic Corporate Bond Fund, Series I 5.71%Industrial Alliance Bond Fund 3.30%Industrial Alliance Money Market Fund 0.29%Other Assets -0.03%Total 100.00%



Canadian Equity Funds 49.87%U.S. Equity Funds 21.40%Global Equity Funds 19.46%Fixed Income Funds 9.01%Short term and other 0.26%Total 100.00%

40





Website: ia.ca









SELECTION AGGRESSIVE FUND













Maturity75%75%

Death75%75%


2.84% 2.64%


41


• seeks interest income and preservation of capital• invests with very low risk tolerance• is planning to invest for the short term

WHAT DOES THIS FUND INVEST IN?This fund invests in Canadian short-term securities guaranteed by Canadian governments and certain companies.






0.0

0.2

0.4

0.6

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

0.24

0.110.13

0.15

0.190.22

0.160.19

0.54

0.59


My Education+ MONEY MARKET FUND Information as at December 31, 2019


QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: iA Investment ManagementTotal Fund Value: $360.4 millionNumber of Units Outstanding: 18,182,240Portfolio Turnover Rate: - Minimum Investment: $25



RISK LEVEL

LowLow to


to high High

Top investments of the Fund

Gouvernement du Canada, 1.720%, 2020-06-11 37.24%Government of Canada, 1.667%, 2020-05-28 33.84%Gouvernement du Canada, 1.670%, 2020-05-14 26.87%Government of Canada, 1.672%, 2020-04-16 2.22%Total 100.17%



Treasury bills 100.17%Cash and Cash Equivalents -0.17%Total 100.00%

42






Website: ia.ca








MONEY MARKET FUND













Maturity75%75%

Death75%75%


1.40% 1.35%


43


• seeks a reasonably high return and capital protection• invests with low risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund mainly invests in bonds issued and guaranteed by Canadian governments and corporations.






-2

-1

0

1

2

3

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2.28

2.78

0.53

-0.51

1.36

0.79

-0.52

-1.22

0.01

1.43


My Education+ SHORT TERM BOND FUND






RISK LEVEL

LowLow to


to high High


Canada Housing Trust, 2.550%, 2023-12-15 13.11%Canada Housing Trust, 2.900%, 2024-06-15 7.07%Canada Housing Trust, 2.400%, 2022-12-15 6.83%Canada Housing Trust, 1.250%, 2021-06-15 5.61%Province of Ontario, Floating Rate, 2.020%, 2023-08-21 4.80%Government of Canada, 1.657%, 2020-04-02 4.36%NBC Asset Trust, Fixed - Floating Rate, 7.447%, 2168-12-31 2.95%Province of Ontario, 4.000%, 2021-06-02 2.46%Merrill Lynch, 1.366%, 2021-11-01 1.90%Ville de Saguenay, 2.150%, 2020-10-25 1.77%Total 50.86%



Corporates 42.20%Canada 32.62%Provinces 11.30%Short term and other 7.30%Municipalities and Subsidized 5.55%Foreign Bonds 1.03%Total 100.00%

44





Website: ia.ca









SHORT TERM BOND FUND













Maturity75%75%

Death75%75%


2.14% 1.96%


45


• seeks to maximize the returns from interest income and capital appreciation

• invests with low risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund is composed primarily of quality bond securities from Canadian governments and corporations.






-4

-2

0

2

4

6

8

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.25

7.73

2.01

-3.13

6.64

1.49

0.451.12

-0.84

5.19


My Education+ BOND FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: iA Investment ManagementTotal Fund Value: $3,050.1 millionNumber of Units Outstanding: 26,796,572Portfolio Turnover Rate: 158.99% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Industrial Alliance Canadian Corporate Bond Fund 30.74%Canada Housing Trust, 2.900%, 2024-06-15 6.37%Canada Housing Trust, 2.650%, 2028-12-15 3.10%Canada Housing Trust, 2.100%, 2029-09-15 2.69%Canada Housing Trust, 2.550%, 2023-12-15 2.35%Government of Canada, 5.750%, 2033-06-01 2.31%Government of Canada, 2.750%, 2048-12-01 2.31%Province of Alberta, 2.900%, 2028-12-01 2.09%Province of Quebec, 3.500%, 2045-12-01 2.07%Province of British Columbia, 5.700%, 2029-06-18 1.90%Total 55.93%



Corporates 32.41%Provinces 29.50%Canada 26.03%Short term and other 5.21%Municipalities and Subsidized 3.79%Foreign bonds 2.07%Investment Fund Units 0.99%Total 100.00%

46





Website: ia.ca









BOND FUND













Maturity75%75%

Death75%75%

MER*

(Annual rate as a % of the fund value)

2.18% 2.01%


47


• seeks to maximize returns from interest income and capital appreciation

• invests with below-average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The Fund invests primarily in fixed-income securities issued by Canadian and foreign companies. The FTSE TMX Canada Corporate Bond Index is used as a guide to structure the Fund and select investments.







My Education+ CANADIAN CORPORATE BOND FUND






-2.5

0.0

2.5

5.0

7.5

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.61

4.19

-1.08

5.62

0.72

1.59

0.79

-0.99

6.03

RISK LEVEL

LowLow to


to high High


NBC Asset Trust, Fixed - Floating Rate, 7.447%, 2168-12-31 2.69%Royal Bank of Canada, 2.360%, 2022-12-05 2.03%Canadian Imperial Bank of Commerce, 2.470%, 2022-12-05 1.88%The Toronto-Dominion Bank, 3.005%, 2023-05-30 1.84%Inter Pipeline Ltd., 3.448%, 2020-07-20 1.50%HSBC Bank Canada, 2.542%, 2023-01-31 1.46%Dollarama Inc., 2.203%, 2022-11-10 1.37%Apple Inc., 2.513%, 2024-08-19 1.24%The Toronto-Dominion Bank, Fixed - Floating Rate, 3.589%,

2028-09-141.16%

Ford Credit Canada Ltd., 2.450%, 2020-05-07 1.05%Total 16.22%



Corporates 90.97%Foreign Bonds 6.72%Short term and other 1.37%Canada 0.94%Total 100.00%

48





Website: ia.ca









CANADIAN CORPORATE BOND FUND













Maturity75%75%

Death75%75%

MER*

(Annual rate as a % of the fund value)

2.15% 1.98%


49


• seeks income and the potential for capital appreciation• invests with low risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Core Plus Bond Fund, which mainly invests in bonds including government bonds, investment grade bonds and high yield bonds, as well as other income-producing securities such as asset-backed securities and senior floating rate loans.




YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 9 years. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2016. In this period, the fund was up in value 7 years and down in value 2 years.

-2

0

2

4

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

3.77

3.19

0.52

1.10

-0.33

1.77

0.94

-1.72

3.66


My Education+ CORE PLUS BOND FUND Information as at December 31, 2019

QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: IA Clarington Investments Inc.Total Fund Value: $60.0 millionNumber of Units Outstanding: 5,369,296Portfolio Turnover Rate: 110.44% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High

Top 10 investments of the underlying fund

China construction Bank, 2.670%, 2022-09-19 2.40%Harvest Health & Recreation Inc. 2.00%Canadian Imperial Bank Of Commerce, 1.660%, 2020-01-20 1.90%Ge Capital Canada Funding Co, 2.320%, 2020-02-15 1.80%Air Canada, 4.750%, 2023-10-06 1.70%National Australia Bank Limited, Fixed - Floating Rate,

3.515%, 2030-06-12 1.60%Central 1 Credit Union, 2.321%, 2021-02-05 1.50%Royal Bank of Canada, 2.201%, 2022-06-27 1.50%Toronto-Dominion Bank, 2.982%, 30-09-2025 1.40%Nissan Canada Financial Services Inc., 3.150%, 2021-09-14 1.40%Total 17.20%


Investment segmentation of the underlying fundCanadian Investment Grade

Corporate Bonds 37.00%Short term and other 14.60%Asset-Backed Securities 12.50%Canadian High Yield Corporate Bonds 11.00%Senior Loans 8.30%U.S. High Yield Corporate Bonds 4.80%Foreign Investment Grade Corporate Bonds 4.50%U.S. Investment Grade Corporate Bonds 4.20%Preferred Equity 3.10%Total 100.00%




50





Website: ia.ca









CORE PLUS BOND FUND













Maturity75%75%

Death75%75%


2.21% 2.07%


51


• seeks income and the potential for capital appreciation• seeks to diversify a traditionally invested fixed income portfolio• has a medium to long-term investment horizon

WHAT DOES THIS FUND INVEST IN?The fund invests in units of the PIMCO Monthly Income Fund (Canada) which invests primarily in a diversified portfolio of fixed-income securities that are not denominated in Canadian dollars and with a variety of maturities.







-5

0

5

10

15

20

25

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

22.63

4.93 5.17

1.08

5.704.96

-1.24

5.09


My Education+ GLOBAL FIXED INCOME (PIMCO) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: PIMCOTotal Fund Value: $514. millionNumber of Units Outstanding: 39,017,560Portfolio Turnover Rate: 2.47% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High


Ginnie Mae, TBA, 4.000%, 2050-01-01 7.64%Uniform Mortgage-Backed Security, TBA, 3.500%, 2050-02-01 4.95%Canadian Treasury Bills, 1.736%, 2020-01-23 3.91%Canadian Treasury Bills, 1.736%, 2020-02-06 2.69%Ginnie Mae, TBA, 4.000%, 2050-02-01 2.55%Uniform Mortgage-Backed Security, TBA, 3.500%, 2050-01-01 2.17%Uniform Mortgage-Backed Security, TBA, 4.000%, 2050-02-01 2.15%Canadian Treasury Bills, 1.736%, 2020-03-05 1.89%Warwick Finance Residential Mortgages PLC, 0.000%,

2042-03-211.86%

Uniform Mortgage-Backed Security, TBA, 2.500%,2050-02-01 1.30%Total 31.11%

Total investments: 2,540

Investment segmentation of the underlying fundMortgages 44.80%Invest. Grade Credit 15.60%Government Related 15.40%High Yield Credit 14.70%Emerging Markets 13.70%Municipalities 2.30%Short term and other -6.50%Total 100.00%

52

HOW MUCH DOES IT COST?The following tables show the fees and expenses you could pay to buy, own and sell units of the fund. One of the following sales charges will apply, see the Information Folder and Individual Variable Annuity Contract for full details or discuss with your life insurance agent.




Website: ia.ca









GLOBAL FIXED INCOME (PIMCO) FUND













Maturity75%75%

Death75%75%


2.59% 2.32%


53


• seeks to diversify a traditionally invested fixed income portfolio• invests with below-average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The fund invests in units of the IA Clarington Floating Rate Income Fund, which primarily invests in senior floating rate loans, other floating rate securities and debt obligations of North American and global corporate issuers.








My Education+ FLOATING RATE INCOME FUND



QUICK FACTSDate of first offer under My Education+: October 28, 2019Portfolio Advisor: IA Clarington Investments Inc.Total Fund Value: $4.1 millionNumber of Units Outstanding: 402,919Portfolio Turnover Rate: 9.59% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High


Sprint Communicaitons Inc., Term Loan, 2024-0202 2.00%Transdigm Inc., Term Loan, 2025-05-14 1.70%Kruger Products LP, 6.000%, 2025-04-24 1.60%Canadian Imperial Bank Of Commerce, 1.660%, 2020-01-20 1.40%Canada Goose Inc., Term Loan, 2024-12-02 1.40%Telesat LLC, Term Loan, 2026-11-22 1.40%Superior Plus LP, 5.125%, 2025-08-27 1.30%Xplornet Communications Inc., 9.625%, 2022-06-01 1.30%Cbs Radio Inc., Term Loan, 2024-11-17 1.20%Belron Finance Ltd., Term Loan, 2024-11-07 1.20%Total 14.50%


Investment segmentation of the underlying fundSenior Loans 58.40%Canadian High Yield Corporate Bonds 18.30%Cash and Other Net Assets 14.20%U.S. High Yield Corporate Bonds 8.50%Canadian Investment Grade

Corporate Bonds 0.60%Total 100.00%

54

0

2

4

6

8

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.12

1.09

6.09

2.03

0.11

6.51





Website: ia.ca









FLOATING RATE INCOME FUND













Maturity75%75%

Death75%75%


2.17% 2.07%


55


• seeks income and the potential for capital appreciation• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Strategic Corporate Bond fund, which primarily invests in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities.








My Education+ STRATEGIC CORPORATE BOND FUND



QUICK FACTSDate of first offer under My Education+: October 28, 2016Portfolio Advisor: IA Clarington Investments Inc.Total Fund Value: $185.5 millionNumber of Units Outstanding: 13,854,681Portfolio Turnover Rate: 0.32% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High

56


HSBC Bank Canada, 1.948%, 2020-01-08 4.37%Superior Plus LP, 5.125%, 2025-08-27 3.17%Russel Metals Inc., 6.000%, 2022-04-19 2.70%Garda World Security Corp., Issued on October 2019, 9.500%,

2027-11-01 2.36%Norbord Inc., 5.750%, 2027-07-15 2.12%Intertape Polymer Group Inc., 7.000%, 2026-10-15 1.94%Parkland Fuel Corp., 5.500%, 2021-05-28 1.90%Cascades Inc., 5.750%, 2023-07-15 1.90%Mattamy Group Corp., 6.500%, 2025-10-01 1.90%Quebecor Media Inc., 6.625%, 2023-01-15 1.88%Total 24.24%


Corporates 56.50%Foreign Bonds 23.92%Short term and other 17.98%Government Bonds 1.60%Total 100.00%

-5

0

5

10

15

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

9.42

5.27

2.84

-4.92

15.94

2.56

-1.73

4.94

Investment segmentation of the underlying fund





Website: ia.ca









STRATEGIC CORPORATE BOND FUND













Maturity75%75%

Death75%75%


2.17% 2.03%


57


• plan to hold his investment for the long-term• want to gain exposure to high yield securities• is seeking income from his investment and the potential for capital

gains.

WHAT DOES THIS FUND INVEST IN?The Fund invests primarily in higher yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by U.S. companies.








My Education+ FIDELITY AMERICAN HIGH YIELD CURRENCY NEUTRAL FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Fidelity InvestmentsTotal Fund Value: $39.3 millionNumber of Units Outstanding: 3,449,798Portfolio Turnover Rate: 7.71%Minimum Investment: $25


58

-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

11.17

2.12

13.07

4.59

2.14

-4.29

10.19

5.14

-5.40

11.36

RISK LEVEL

LowLow to


to high High



Citigroup Inc.Ally Financial Inc., 8.000%, 2031-11-01CCO Holdings LLCPark AerospaceInterGen NV, 7.000%, 2023-06-30Refinitiv Term B 2025-10-01CHS Community Health Systems, Inc., 6.250%, 2023-03-31Altice FranceTENET Healthcare, 6.750%, 2023-06-15HCA Inc., 5.375%, 2025-02-01Top 10 holdings represents 10.50% of the underlying fund’s net assets.Total investments: 510

Foreign bonds 86.32%Short term and other 7.56%Canadian bonds 4.38%Foreign Equity 1.74%Total 100,00 %





Website: ia.ca









FIDELITY AMERICAN HIGH YIELD CURRENCY NEUTRAL FUND













Maturity75%75%

Death75%75%


2.62% 2.44%


59


• seeks regular long-term revenues as well as some capital protection• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests through a careful selection of different categories of fixed-income securities from the federal and provincial governments and corporations as well as Canadian and foreign equities of large capitalization companies.






-5

0

5

10

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.17

0.96

2.66

5.18

8.62

3.54

1.54

2.64

-3.82

7.84


My Education+ DIVERSIFIED SECURITY FUND






RISK LEVEL

LowLow to


to high High


Industrial Alliance Canadian Corporate Bond Fund 12.86%Industrial Alliance International Equity Fund 7.77%Industrial Alliance Canadian Equity Growth Fund 6.52%Industrial Alliance Dividend Fund 4.89%Government of Canada, 1.657%, 2020-04-02 4.60%iShares J.P. Morgan USD Emerging Markets Bond ETF 4.41%Vanguard Intermediate-Term Corp. Bond ETF 3.78%iShares 1-3 Year Treasury Bond ETF 2.84%Industrial Alliance US Equity (Currency Unhedged) Fund 2.64%Government of Canada, 1.647%, 2020-03-05 2.64%Total 52.95%



Canadian Bonds 39.23%Foreign Equity 20.01%Canadian Equity 17.82%Short term and other 11.49%Foreign Bonds 11.45%Total 100.00%

60





Website: ia.ca









DIVERSIFIED SECURITY FUND













Maturity75%75%

Death75%75%


2.61% 2.43%


61


• seeks to maximize a long-term return with low risks• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests through a balanced distribution of investments among the fund’s asset classes: fixed-income securities, Canadian equities and foreign equities. The equity portion is mainly invested in securities equities of large capitalization companies.






-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.83

-3.20

4.33

11.89

8.46

3.254.14 4.43

-6.20

11.53


My Education+ DIVERSIFIED FUND






RISK LEVEL

LowLow to


to high High


Industrial Alliance Canadian Equity (IAIM) 24.85%Industrial Alliance International Equity Fund 9.26%Industrial Alliance Canadian Corporate Bond Fund 9.23%Industrial Alliance Dividend Fund 6.12%Industrial Alliance US Equity (Currency Unhedged) Fund 4.43%Industrial Alliance Canadian Equity Small Cap Fund 4.19%Government of Canada, 1.657%, 2020-04-02 3.82%Industrial Alliance Thematic Innovation Fund 3.71%Industrial Alliance Global True Conviction Fund 3.40%iShares MSCI Emerging Markets Index ETF 2.43%Total 71.44%



Canadian Equity 36.98%Canadian Bonds 28.29%Foreign Equity 26.49%Short term and other 6.30%Foreign Bonds 1.94%Total 100.00%

62





Website: ia.ca









DIVERSIFIED FUND













Maturity75%75%

Death75%75%


2.64% 2.26%


63


• seeks to maximize long-term returns while minimizes risks• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests through careful diversification of Canadian fixed-income securities, Canadian equities and foreign equities. The fund mainly invests in equities of large capitalization companies and fixed-income securities.






-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.83

-6.54

4.72

14.33

9.97

1.92

4.67 5.21

-8.11

14.19


My Education+ DIVERSIFIED OPPORTUNITY FUND






RISK LEVEL

LowLow to


to high High


Industrial Alliance Canadian Equity Growth Fund 18.83%Industrial Alliance Canadian Equity (IAIM) 17.20%Industrial Alliance International Equity Fund 10.43%Industrial Alliance Dividend Fund 7.14%Industrial Alliance Thematic Innovation Fund 6.29%Industrial Alliance US Equity (Currency Unhedged) Fund 6.08%Industrial Alliance Canadian Corporate Bond Fund 5.66%Industrial Alliance Canadian Equity Small Cap Fund 4.90%Government of Canada, 1.657%, 2020-04-02 3.83%Industrial Alliance Global True Conviction Fund 3.42%Total 83.78%



Canadian Equity 48.07%Foreign Equity 28.13%Canadian Bonds 17.26%Short term and other 6.35%Foreign Bonds 0.19%Total 100.00%

64





Website: ia.ca









DIVERSIFIED OPPORTUNITY FUND













Maturity75%75%

Death75%75%


2.65% 2.23%


65


• seeks capital appreciation and income• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Canadian Balanced Fund which normally invests in a portfolio of Canadian equity and fixed-income investments.






-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.26

-0.12

6.03

13.53

6.02

-4.54

8.70

1.34

-9.10

10.35


My Education+ CANADIAN BALANCED (QV) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: QV Investors Inc.Total Fund Value: $141.2 millionNumber of Units Outstanding: 9,677,328Portfolio Turnover Rate: 5.84% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Industrial Alliance Insurance and Financial Services Inc. - iA Financial Group

3.60%

AltaGas Ltd. 3.34%Loblaw Companies Ltd. 2.77%Power Financial Corp. 2.63%Open Text Corp. 2.50%AT&T Inc. 2.46%Canadian Natural Resources Ltd. 2.44%Enbridge Inc. 2.41%Bank of Nova Scotia 2.37%Suncor Energy Inc. 2.34%Total 26.86%


Investment segmentation of the underlying fundCanadian Equity 56.06%Canadian Bonds 35.92%Foreign Equity 4.31%Short term and other 2.42%Income Trust 1.29%Total 100.00%

66





Website: ia.ca









CANADIAN BALANCED (QV) FUND













Maturity75%75%

Death75%75%


2.53% 2.31%


67


• seeks capital appreciation and income• is looking for socially responsible investment principles• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Inhance Balanced SRI portfolio which is normally a diversified portfolio of mutual funds that meet the manager’s socially responsible investment principles, with a balanced holding of income, bond and equity funds.







My Education+ SRI BALANCED (INHANCE) FUND


QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: VancityTotal Fund Value: $59.8 millionNumber of Units Outstanding: 3,751,522Portfolio Turnover Rate: 5.95% Minimum Investment: $25


-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.46

-1.82

5.78

11.03

7.18

0.95

3.60

6.35

-4.15

12.92



RISK LEVEL

LowLow to


to high High

Top investments of the underlying fund

IA Clarington Inhance Bond SRI Fund, Series I 39.76%IA Clarington Inhance Global Equity SRI Class, Series I 24.03%IA Clarington Inhance Monthly Income SRI Fund, Series I 17.90%IA Clarington Inhance Canadian Equity SRI Class, Series I 17.83%Other Assets 0.48%Total 100.00%


Investment segmentation of the underlying fundIncome 39.76%Canadian Equity 35.73%Global Equity 24.03%Others 0.48%Total 100.00%

68





Website: ia.ca









SRI BALANCED (INHANCE) FUND













Maturity75%75%

Death75%75%


2.79% 2.63%


69


• seeks regular long-term return• invests with below average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests mostly in trust units, common stocks and fixed-income securities from Canadian corporations and Canadian governments to generate a regular long-term return. The common stock portion mainly invests in equities of large capitalization Canadian companies.






-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

13.76

-6.96

6.41

13.41

9.96

1.69

6.615.38

-7.94

13.51


My Education+ DIVERSIFIED INCOME FUND






RISK LEVEL

LowLow to


to high High


Industrial Alliance Dividend Fund 15.98%Industrial Alliance Canadian Equity (IAIM) 15.49%Industrial Alliance Canadian Equity All Cap Value 10.33%Industrial Alliance International Equity Fund 9.20%Industrial Alliance Canadian Corporate Bond Fund 5.62%Industrial Alliance US Equity (Currency Unhedged) Fund 4.76%Industrial Alliance Thematic Innovation Fund 4.36%IA Clarington U.S. Dividend Growth Fund, Series I 3.76%Government of Canada, 1.657%, 2020-04-02 3.54%Industrial Alliance Canadian Equity Small Cap Fund 3.29%Total 76.33%



Canadian Equity 47.72%Canadian Bonds 17.55%Foreign Equity 14.42%U.S. Equity 12.88%Short term and other 7.22%Foreign Bonds 0.21%Total 100.00%

70





Website: ia.ca









DIVERSIFIED INCOME FUND













Maturity75%75%

Death75%75%


2.67% 2.22%


71


• seeks a flow of income and the potential for capital appreciation• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Strategic Income Fund, which primarily invests in Canadian equity and fixed income investments.









My Education+ STRATEGIC INCOME FUND




-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.26

11.66

7.29

-6.16

13.61

5.22

-3.54

12.88

RISK LEVEL

LowLow to


to high High


Brookfield Asset Management Inc. 3.00%The Toronto-Dominion Bank 2.70%Royal Bank of Canada 2.60%Johnson & Johnson 2.50%Bank of Nova Scotia 2.40%Cisco Systems Inc. 2.20%CVS Health Corp. 2.20%Unilever NV 2.20%Suncor Energy Inc. 1.80%Manulife Financial Corp. 1.80%Total 23.40%


Investment segmentation of the underlying fundEquity 62.30%Fixed Income 28.10%Short term and other 9.60%Total 100.00%

72





Website: ia.ca









STRATEGIC INCOME FUND













Maturity75%75%

Death75%75%


2.53% 2.09%


73


• seeks long-term capital appreciation• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Global Allocation Fund, which primarily invests in equity securities, fixed-income investments and money market instruments from around the world.






-5

0

5

10

15

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

12.58

-2.25

7.02

12.97

0.55

3.041.86

13.49

-1.06

19.79


My Education+ GLOBAL DIVERSIFIED (LOOMIS SAYLES) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Loomis, Sayles & CompanyTotal Fund Value: $344.5 millionNumber of Units Outstanding: 18,578,643Portfolio Turnover Rate: 2.62% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


UnitedHealth Group Inc. 2.90%Roper Technologies Inc. 2.90%Alibaba Group Holding Ltd., Sponsored ADR 2.90%Danaher Corp. 2.90%Marriott International, Inc. 2.70%Northrop Grumman Corp. 2.60%The Sherwin-Williams Co. 2.40%Amazon.com Inc. 2.40%Cbre Group Inc. 2.20%Alphabet Inc., 1.998%, 2026-08-15 2.20%Total 26.10%


Investment segmentation of the underlying fundU.S. Equity 41.90%Fixed Income 25.10%Foreign Equity 24.70%Short term and other 5.90%Canadian Equity 2.40%Total 100.00%

74





Website: ia.ca









GLOBAL DIVERSIFIED (LOOMIS SAYLES) FUND













Maturity75%75%

Death75%75%


2.67% 2.47%


75

76


• seeks regular long-term revenues as well as some capital appreciation• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The Fund invests in an ETF portfolio to gain exposure to various asset classes including, but not limited to: global equities, investment-grade fixed-income securities and higher yielding income-oriented securities. Moreover, the Fund will typically maintain a bias towards fixed income securities. The Fund may also invest in ETFs to gain exposure to real estate, commodities, foreign currencies and other investment opportunities.



YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 2 years. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2018. In this period, the fund was up in value 1 year and down in value 1 year.






My Education+ GLOBAL DIVERSIFIED FIXED INCOME (FORSTRONG) FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: Forstrong Global Asset ManagementTotal Fund Value: $40.5 millionNumber of Units Outstanding: 3,943,100Portfolio Turnover Rate: 69.74% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High


Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged) 10.13%iShares Short-Term Corporate Bond ETF 10.03%Vanguard High Dividend Yield ETF 9.25%iShares J.P. Morgan USD Emerging Markets Bond ETF 8.11%iShares JP Morgan EM Local Currency Bond ETF 7.33%SPDR® S&P® Emerging Asia Pacific ETF 6.95%SPDR® Barclays Short Term International Treasury Bond ETF 6.88%iShares International Treasury Bond ETF 6.83%Vanguard FTSE Developed Markets ETF 6.34%Financial Select Sector SPDR Fund 4.63%Total 76.48%


Investment segmentation of the underlying fundForeign Fixed Income 42.63%International Equity 32.55%U.S. Equity 16.24%Short Term and Others 3.62%Global Equity 2.27%Canadian Fixed Income 1.75%Canadian Equity 0.94%Total 100.00%

-2

0

2

4

6

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-1.75

5.49

77





Website: ia.ca









GLOBAL DIVERSIFIED FIXED INCOME (FORSTRONG) FUND













Maturity75%75%

Death75%75%


2.83% 2.63%



• seeks long-term capital appreciation• invests with a below-average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The Fund invests in an ETF portfolio to gain exposure to various asset classes including, but not limited to: global equities, investment-grade fixed-income securities and higher yielding income-oriented securities. The Fund may also invest in ETFs to gain exposure to real estate, commodities, foreign currencies and other investment opportunities.







My Education+ GLOBAL DIVERSIFIED (FORSTRONG) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Forstrong Global Asset ManagementTotal Fund Value: $128.4 millionNumber of Units Outstanding: 10,387,438Portfolio Turnover Rate: 54.24% Minimum Investment: $25



78

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

9.48

-3.32

11.50

RISK LEVEL

LowLow to


to high High


iShares Core S&P 500 ETF (CAD-hedged) 13.94%Vanguard FTSE Europe ETF 11.94%Vanguard FTSE Pacific ETF 7.36%iShares Core S&P 500 ETF 5.56%Financial Select Sector SPDR Fund 5.33%Vanguard Materials ETF 5.12%Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged) 4.53%SPDR® Barclays Short Term International Treasury Bond ETF 4.49%iShares International Treasury Bond ETF 4.44%Vanguard FTSE Emerging Markets ETF 4.02%Total 66.73%


Investment segmentation of the underlying fundInternational Equity 42.78%U.S. Equity 29.95%Foreign Fixed Income 20.77%Short Term and Others 3.40%Canadian Equity 1.90%Global Equity 1.20%Total 100.00%





Website: ia.ca









GLOBAL DIVERSIFIED (FORSTRONG) FUND






Maturity75%75%

Death75%75%


2.80% 2.59%









79


• seeks long-term capital appreciation• invests with average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The Fund invests in an ETF portfolio to gain exposure to various asset classes including, but not limited to: global equities, investment-grade fixed-income securities and higher yielding income-oriented securities. Moreover, the Fund will typically maintain a bias towards equity securities. The Fund may also invest in ETFs to gain exposure to real estate, commodities, foreign currencies and other investment opportunities.



YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 2 years. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2018. In this period, the fund was up in value 1 year and down in value 1 year.






My Education+ GLOBAL DIVERSIFIED EQUITY (FORSTRONG) FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: Forstrong Global Asset ManagementTotal Fund Value: $22.4 millionNumber of Units Outstanding: 2,079,312Portfolio Turnover Rate: 53.25% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High

80


iShares Core S&P 500 ETF (CAD-hedged) 17.46%Vanguard FTSE Europe ETF 13.50%Vanguard FTSE Pacific ETF 8.50%iShares Core S&P 500 ETF 7.00%Financial Select Sector SPDR Fund 6.44%Vanguard Materials ETF 6.15%Vanguard FTSE Emerging Markets ETF 4.54%SPDR® S&P® Emerging Asia Pacific ETF 3.02%iShares MSCI EAFE Small-Cap ETF 2.46%iShares MSCI Japan Index Fund 2.37%Total 71.44%


Investment segmentation of the underlying fundInternational Equity 46.06%U.S. Equity 37.05%Foreign Fixed Income 9.39%Short Term and Others 4.23%Canadian Equity 2.08%Global Equity 1.19%Total 100.00%

-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-5.04

13.97





Website: ia.ca









GLOBAL DIVERSIFIED EQUITY (FORSTRONG) FUND













Maturity75%75%

Death75%75%


2.83% 2.64%


81

82


• seeks long-term capital appreciation as well as some regular revenues• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The Fund invests in units of the Fidelity Global Monthly Income Fund which invests in a well diversified portfolio primarily composed of foreign asset classes. Including, but not limited to: global fixed-income securities and equities.









My Education+ FIDELITY GLOBAL MONTHLY INCOME FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: Fidelity InvestmentsTotal Fund Value: $114.1 millionNumber of Units Outstanding: 10,446,571Portfolio Turnover Rate: 2.78% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High



Apple Inc.Microsoft Corp.AstraZeneca Group PLCJPMorgan Chase & Co.American Tower Corp.Amgen Inc.Taiwan Semiconductor Manufacturing Co. Ltd.HOYA Corporation.Wells Fargo & Co.Roche Holdings AGTop 10 holdings represents 8.75% of the underlying fund’s net assets.Total investments: 3,014

Foreign Equity 44.08%Foreign bonds 41.85%Short term and other 11.39%Canadian Equity 1.68%Canadian bonds 1.00%Total 100,00 %

-5

0

5

10

15

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.85

1.66

8.99

13.74

11.61

16.30

-0.01

4.25

-0.45

11.04

83





Website: ia.ca









FIDELITY GLOBAL MONTHLY INCOME FUND













Maturity75%75%

Death75%75%


2.95% 2.70%


84


• seeks a steady long-term return and capital growth• has a lower than average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?The Fund invests primarily in a mix of underlying funds to gain exposure to a wide variety of global fixed income securities and equities. The Fund may also invest in certain alternative asset classes. Moreover, the Fund will typically maintain a bias towards fixed income securities.



YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 1 year. The returns are estimated as if the fund had been offered for the My Education+ Classic Series 75/75 prior to 2018. In this period, the fund was up in value 1 year and down in value 0 year.






My Education+ GLOBAL ASSET ALLOCATION SECURITY (iAIM) FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: iA Investment ManagementTotal Fund Value: $58.9 millionNumber of Units Outstanding: 5,565,013Portfolio Turnover Rate: 217.62% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High


Industrial Alliance Bond Fund 16.35%IA Clarington Global Bond Fund, Series I 13.74%Industrial Alliance International Equity Fund 8.66%Industrial Alliance U.S. Treasury Bond - Mid Term Fund 6.75%Industrial Alliance US Equity (Currency Unhedged) Fund 5.45%Industrial Alliance Canadian Equity Growth Fund 5.03%IA Clarington Emerging Markets Bond Fund, Series I 5.02%Industrial Alliance Real Estate Debt (iAIM) Fund 4.72%Industrial Alliance Real Estate (iAIM) Fund 4.62%Industrial Alliance Dividend Fund 3.95%Total 74.29%



Fixed Income Funds 54.94%Global Equity Funds 15.11%Canadian Equity Funds 9.82%Alternative Investment Funds 9.42%U.S. Equity Funds 8.63%Short term and other 1.48%Specialised Funds 0.60%Total 100.00%

0

2

4

6

8

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.07

85





Website: ia.ca









GLOBAL ASSET ALLOCATION SECURITY (iAIM) FUND













Maturity75%75%

Death75%75%


2.80% 2.64%


86


• seeks to maximize high returns over the long term while minimizing risk

• has an average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?The Fund invests primarily in a mix of underlying funds to gain exposure to a wide variety of global fixed income securities and equities. The Fund may also invest in certain alternative asset classes.









My Education+ GLOBAL ASSET ALLOCATION (iAIM) FUND




RISK LEVEL

LowLow to


to high High


Industrial Alliance International Equity Fund 14.15%Industrial Alliance US Equity (Currency Unhedged) Fund 11.70%Industrial Alliance Bond Fund 10.92%IA Clarington Global Bond Fund, Series I 10.39%Industrial Alliance Canadian Equity Growth Fund 7.44%Industrial Alliance Thematic Innovation Fund 7.06%Industrial Alliance Dividend Fund 6.19%Industrial Alliance Real Estate Debt (iAIM) Fund 4.72%Industrial Alliance Private Equity (iAIM) Fund 4.68%Vanguard FTSE Emerging Markets ETF 4.15%Total 81.40%



Fixed Income Funds 33.86%Global Equity Funds 22.98%U.S. Equity Funds 18.76%Canadian Equity Funds 13.63%Alternative Investment Funds 8.51%Short term and other 1.26%Specialised Funds 1.00%Total 100.00%

0.0

2.5

5.0

7.5

10.0

12.5

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10.41

87





Website: ia.ca









GLOBAL ASSET ALLOCATION (iAIM) FUND













Maturity75%75%

Death75%75%


2.84% 2.45%


88


• seeks to maximize long-term returns• has an average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?The Fund invests primarily in a mix of underlying funds to gain exposure to a wide variety of global fixed income securities and equities. The Fund may also invest in certain alternative asset classes. Moreover, the Fund will typically maintain a bias towards equity securities.









My Education+ GLOBAL ASSET ALLOCATION OPPORTUNITY (iAIM) FUND




RISK LEVEL

LowLow to


to high High


Industrial Alliance International Equity Fund 19.70%Industrial Alliance US Equity (Currency Unhedged) Fund 14.98%Industrial Alliance Canadian Equity Growth Fund 9.24%Industrial Alliance Thematic Innovation Fund 8.62%Industrial Alliance Dividend Fund 7.41%Industrial Alliance Private Equity (iAIM) Fund 7.07%Vanguard FTSE Emerging Markets ETF 6.49%IA Clarington Global Bond Fund, Series I 5.84%Industrial Alliance Real Estate Debt (iAIM) Fund 4.30%Industrial Alliance Real Estate (iAIM) Fund 3.67%Total 87.32%



Global Equity Funds 33.26%U.S. Equity Funds 23.60%Canadian Equity Funds 17.49%Fixed Income Funds 14.99%Alternative Investment Funds 8.08%Specialised Funds 1.31%Short term and other 1.27%Total 100.00%

0.0

2.5

5.0

7.5

10.0

12.5

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

12.50

89





Website: ia.ca









GLOBAL ASSET ALLOCATION OPPORTUNITY (iAIM) FUND













Maturity75%75%

Death75%75%


2.89% 2.49%



• seeks dividend income and potential for capital appreciation• invests with below average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Strategic Equity Income Fund which mainly invests in high-yield quality dividend common and preferred shares of Canadian companies.






-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

9.11

-5.18

8.99

17.57

10.58

-3.28

10.02

6.33

-5.18

14.95


My Education+ STRATEGIC EQUITY INCOME FUND






RISK LEVEL

LowLow to


to high High

Sector Allocation of the underlying fund



Brookfield Asset Management Inc. 3.95%Royal Bank of Canada 3.41%The Toronto-Dominion Bank 3.25%Johnson & Johnson 3.25%Cisco Systems Inc. 2.87%Bank of Nova Scotia 2.68%TELUS Corp. 2.62%Suncor Energy Inc. 2.61%CVS Health Corp. 2.61%Unilever NV 2.54%Total 29.79%


Financials 18.60%Communication Services 11.55%Utilities 9.33%Industrials 8.06%Consumer Staples 7.95%Health Care 7.44%Energy 5.96%Information Technology 5.39%Real Estate 3.88%Consumer Discretionary 3.43%Materials 2.85%Total 84.44%

Canadian Equity 49.66%U.S. Equity 28.17%Short term and other 15.56%Income Trust 3.40%Foreign Equity 2.54%Preferred Equity 0.67%Total 100.00%

90





Website: ia.ca









STRATEGIC EQUITY INCOME FUND













Maturity75%75%

Death75%75%


2.55% 2.10%


91


• seeking dividend income with the possibility of capital appreciation• invests with average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Dividend Growth Class which invests in stocks of Canadian blue chip style companies. Mainly invests in equities of large capitalization companies.






-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

11.07

-4.01

6.87

14.51

9.16

-4.65

17.72

6.69

-7.92

18.08


My Education+ DIVIDEND GROWTH FUND






RISK LEVEL

LowLow to


to high High




The Toronto-Dominion Bank 6.25%Brookfield Asset Management Inc. 5.90%Royal Bank of Canada 5.84%Enbridge Inc. 5.27%Bank of Montreal 4.62%Sun Life Financial Services of Canada Inc. 3.70%Suncor Energy Inc. 3.67%Bank of Nova Scotia 3.49%Nutrien Ltd. 3.01%TransCanada Corp. 2.89%Total 44.64%


Financials 34.71%Energy 16.18%Industrials 11.06%Materials 7.59%Utilities 7.12%Communication Services 6.21%Consumer Staples 4.98%Information Technology 4.27%Consumer Discretionary 3.80%Real Estate 1.09%Health Care 0.77%Total 97.78%

Canadian Equity 82.91%U.S. Equity 13.00%Short term and other 2.22%Foreign Equity 0.98%Income Trust 0.89%Total 100.00%

92





Website: ia.ca









DIVIDEND GROWTH FUND













Maturity75%75%

Death75%75%


2.58% 2.13%


93


• seeks income with the potential for long-term capital appreciation• invests with average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Canadian Conservative Equity Fund which invests in Canadian preferred and common shares with diversification through investments in securities of companies representing many classes of industry. Mainly invests in equities of large capitalization companies.






-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

13.07

1.80

5.05

8.99

4.91

-17.15

23.02

2.18

-5.68

18.61


My Education+ CANADIAN CONSERVATIVE EQUITY FUND






RISK LEVEL

LowLow to


to high High




Royal Bank of Canada 6.05%Enbridge Inc. 5.63%The Toronto-Dominion Bank 5.46%Sun Life Financial Services of Canada Inc. 5.02%Bank of Nova Scotia 4.46%Manulife Financial Corp. 4.31%Suncor Energy Inc. 3.36%Canadian Natural Resources Ltd. 3.25%Republic Services Inc. 2.99%Organic Hill, 10.000%, 2024-12-31 2.83%Total 43.36%


Financials 30.57%Energy 20.17%Industrials 10.94%Utilities 8.64%Communication Services 6.60%Materials 2.92%Health Care 2.51%Consumer Discretionary 2.26%Consumer Staples 1.94%Information Technology 1.65%Real Estate 1.61%Market Index 0.97%Total 90.78%

Canadian Equity 81.21%U.S. Equity 9.57%Canadian Bonds 7.00%Short term and other 2.22%Total 100.00%

94





Website: ia.ca









CANADIAN CONSERVATIVE EQUITY FUND













Maturity75%75%

Death75%75%


2.59% 2.18%


95


• seeks to obtain high long-term capital appreciation• invests with average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?The fund invests in units of an underlying fund, which is primarily composed of trust units of the S&P/TSX 60 Index.






-20

-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10.90

-11.41

5.00

10.048.93

-10.01

17.90

7.01

-9.69

18.15


My Education+ CANADIAN EQUITY INDEX FUND






RISK LEVEL

LowLow to


to high High

Sector Allocation of the Fund Investment segmentation of the Fund


Horizon S&P/TSX 60 Index ETF 9.12%Royal Bank of Canada 7.06%The Toronto-Dominion Bank 6.37%Enbridge Inc. 5.02%Bank of Nova Scotia 4.29%Canadian National Railway Co. 4.05%Brookfield Asset Management Inc. 3.36%Suncor Energy Inc. 3.15%TransCanada Corp. 3.10%Bank of Montreal 3.09%Total 48.61%


Financials 32.31%Energy 16.94%Market Index 9.12%Materials 9.00%Industrials 8.94%Information Technology 5.96%Communication Services 5.74%Consumer Staples 3.74%Consumer Discretionary 3.56%Utilities 2.75%Health Care 0.87%Total 98.93%

Canadian Equity 96.42%U.S. Equity 2.07%Short term and other 1.07%Foreign Equity 0.44%Total 100.00%

96





Website: ia.ca









CANADIAN EQUITY INDEX FUND













Maturity75%75%

Death75%75%


2.65% 2.23%


97


• seeks to obtain a high capital appreciation• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests mainly in equities of large capitalization companies from all economic sectors of the Canadian stock market.







-20

-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10.49

-12.49

4.65

13.53

3.04

-4.09

11.42

6.58

-10.82

17.18


My Education+ CANADIAN EQUITY VALUE FUND





RISK LEVEL

LowLow to


to high High



Industrial Alliance U.S. Equity Fund 15.07%Industrial Alliance International Equity Fund 12.49%Industrial Alliance Canadian Equity All Cap Value 8.95%The Toronto-Dominion Bank 3.87%Royal Bank of Canada 3.74%Bank of Nova Scotia 2.44%Canadian National Railway Co. 2.26%Canadian Pacific Railway Co. 2.19%Manulife Financial Corp. 2.00%Suncor Energy Inc. 1.86%Total 54.87%


Financials 20.04%Energy 10.56%Materials 7.91%Industrials 7.45%Communication Services 4.17%Information Technology 2.90%Consumer Staples 2.84%Utilities 2.45%Consumer Discretionary 2.31%Real Estate 1.84%Health Care 0.42%Market Index 0.11%Total 63.00%

Canadian Equity 70.13%U.S. Equity 15.86%Foreign Equity 13.52%Short term and other 0.49%Total 100.00%

98





Website: ia.ca









CANADIAN EQUITY VALUE FUND













Maturity75%75%

Death75%75%


2.73% 2.33%


99


• seeks superior long-term capital appreciation• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Fidelity True North® Fund, which invests mainly in equities of Canadian companies, across all market sectors and market capitalizations.






-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

11.61

-8.96

7.24

21.54

12.99

-2.40

9.39

4.27

-5.59

16.53


My Education+ FIDELITY TRUE NORTH® FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Fidelity InvestmentsTotal Fund Value: $274.8 millionNumber of Units Outstanding: 6,175,588Portfolio Turnover Rate: 4.31% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High




Financials 18.67%Consumer Staples 11.16%Information Technology 9.78%Energy 9.04%Industrials 9.01%Materials 8.19%Communication Services 7.05%Consumer Discretionary 5.37%Utilities 4.71%Health Care 3.49%Real Estate 1.65%Total 88.12%

Canadian Equity 88.12%Foreign Equity 8.34%Short term and other 3.46%Canadian bonds 0.08%Total 100.00%

Royal Bank of CanadaThe Toronto-Dominion BankAlimentation Couche-Tard Inc., Class B, SVSuncor Energy Inc.Enbridge Inc.BCE Inc.Canadian National Railway Co.Metro Inc.CGI Group Inc., SVPower Corporation of Canada, SVTop 10 holdings represents 39.63% of the underlying fund’s net assets.Total investments: 96

100





Website: ia.ca









FIDELITY TRUE NORTH® FUND













Maturity75%75%

Death75%75%


2.84% 2.61%


101


• wishes to obtain an increase of capital over the long term• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund mainly invests in equities of large capitalization Canadian companies which demonstrate above-average growth potential.






-20

-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

15.04

-12.89

6.37

15.02

8.62

-5.46

14.96

8.22

-10.82

19.33


My Education+ CANADIAN EQUITY GROWTH FUND






RISK LEVEL

LowLow to


to high High



Royal Bank of Canada 5.78%The Toronto-Dominion Bank 5.55%Bank of Nova Scotia 3.82%Canadian National Railway Co. 3.13%Brookfield Asset Management Inc. 2.98%Enbridge Inc. 2.96%Suncor Energy Inc. 2.70%Canadian Natural Resources Ltd. 2.67%Manulife Financial Corp. 2.43%Bank of Montreal 2.40%Total 34.42%


Financials 30.82%Energy 15.92%Industrials 12.08%Materials 9.25%Communication Services 6.11%Information Technology 6.03%Consumer Staples 4.55%Consumer Discretionary 4.22%Utilities 3.21%Real Estate 2.66%Health Care 1.36%Total 96.21%

Canadian Equity 88.68%U.S. Equity 8.10%Foreign Equity 1.70%Short term and other 1.52%Total 100.00%

102





Website: ia.ca









CANADIAN EQUITY GROWTH FUND













Maturity75%75%

Death75%75%


2.70% 2.30%


103


• pursues superior long-term return• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Fidelity Canadian Opportunities Fund, which invests mainly in the stocks of smaller and mid-size Canadian companies. A variable portion of the fund may be allocated to international assets to take advantage of geographic diversification.






-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

23.89

-10.90

8.80

15.33

8.88

-9.35

24.05

2.32

-1.49

21.09


My Education+ FIDELITY CANADIAN OPPORTUNITIES FUND






RISK LEVEL

LowLow to


to high High




Consumer Staples 12.54%Utilities 9.08%Consumer Discretionary 8.17%Materials 6.53%Financials 5.99%Information Technology 5.76%Communication Services 5.36%Industrials 3.90%Energy 2.43%Real Estate 2.36%Health Care 0.57%Total 62.69%

Canadian Equity 62.69%Short term and other 28.31%Global Equity 8.53%Canadian bonds 0.47%Total 100.00%

Brookfield Renewable Partners LPQuebecor Inc., Class BHydro One Ltd.Alimentation Couche-Tard Inc., Class B, SVRestaurant Brands International Inc.George Weston Ltd.Metro Inc.Constellation Software Inc.SNC-Lavalin Group Inc.Franco-Nevada Corp.Top 10 holdings represents 33.88% of the underlying fund’s net assets.Total investments: 77

104





Website: ia.ca









FIDELITY CANADIAN OPPORTUNITIES FUND













Maturity75%75%

Death75%75%


2.83% 2.53%


105


• seeks long-term capital appreciation• invests with above average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Canadian Small Cap. Fund, which primarily invests in the stocks of smaller and mid-size Canadian companies.







-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

13.43

-3.55

19.63

36.98

5.80

-7.04

22.09

1.80

-12.42

15.07


My Education+ CANADIAN EQUITY SMALL CAP (QV) FUND


QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: QV Investors Inc.Total Fund Value: $155.5 millionNumber of Units Outstanding: 6,007,994Portfolio Turnover Rate: 10.14% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High




Industrial Alliance Insurance and Financial Services Inc. - iA Financial Group 5.99%

AltaGas Ltd. 5.74%E-L Financial Corp. Ltd. 5.36%Canadian Western Bank 5.11%Parkland Fuel Corp. 5.03%Aritzia Inc., SV 4.61%Stantec Inc. 4.44%Superior Plus Corp. 4.31%Element Fleet Management Corp. 3.70%Leon's Furniture Ltd. 3.21%Total 47.50%


Financials 23.54%Industrials 14.14%Utilities 12.35%Energy 12.05%Consumer Discretionary 10.45%Real Estate 8.25%Materials 7.29%Consumer Staples 3.12%Health Care 2.47%Information Technology 2.43%Total 96.09%

Canadian Equity 88.88%Income Trust 4.58%Short term and other 3.91%U.S. Equity 2.63%Total 100.00%

106





Website: ia.ca









CANADIAN EQUITY SMALL CAP (QV) FUND













Maturity75%75%

Death75%75%


3.08% 2.79%


107

108


• seeks to obtain high long-term capital appreciation• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?The fund aims to replicate the performance of the MSCI AWCI Ex Canada Index by investing in the units of an underlying fund, currently the BlackRock CDN MSCI ACWI Ex-Canada Index Fund.









My Education+ GLOBAL EQUITY INDEX ACWI (BLACKROCK) FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: BlackRockTotal Fund Value: $204.6 millionNumber of Units Outstanding: 7,735,399Portfolio Turnover Rate: 13.18% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High


Apple Inc. 2.63%Microsoft Corp. 2.58%Amazon.com Inc. 1.65%Facebook Inc., Class A 1.06%Berkshire Hathaway Inc., Class B 0.95%JPMorgan Chase & Co. 0.94%Alphabet Inc., Class A 0.86%Alphabet Inc., Class C 0.86%Johnson & Johnson 0.82%Alibaba Group Holding Ltd., Sponsored ADR 0.72%Total 13.07%

Total investments: 1,438

Investment segmentation of the underlying fundUnited States 69.94%Europe 21.61%Asia and Pacific 9.10%Australia 2.08%Mid-east and Africa 0.15%Latin America 0.04%Short term and other -2.92%Total 100.00%

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

3.36

-7.13

10.93

26.63

10.60

14.92

1.26

13.15

-3.51

17.04

109





Website: ia.ca









GLOBAL EQUITY INDEX ACWI (BLACKROCK) FUND













Maturity75%75%

Death75%75%


2.71% 2.32%



• seeks long-term capital growth• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Dynamic Global Dividend Value Fund, which primarily invests in equity securities of businesses located around the world.






-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.57

-4.64

4.12

28.24

9.12

21.61

-0.64

21.12

4.19

22.85


My Education+ GLOBAL DIVIDEND (DYNAMIC) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Dynamic FundsTotal Fund Value: $742.5 millionNumber of Units Outstanding: 26,133,959Portfolio Turnover Rate: 1.91% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


JPMorgan Chase & Co. 5.30%Microsoft Corp. 5.10%Nike Inc., Class B 4.20%HOYA Corporation. 4.20%Bank of America Corp. 4.10%LVMH Moet Hennessy - Louis Vuitton SA 4.00%Moody's Corp. 4.00%The Walt Disney Co. 4.00%Zoetis Inc. 3.90%Elbit Systems Ltd. 3.60%Total 42.40%


Investment segmentation of the underlying fundUnited States 54.20%Europe 25.40%Asia and Pacific 7.50%Mid-east and Africa 7.10%Short term and other 5.80%Total 100.00%

110





Website: ia.ca









GLOBAL DIVIDEND (DYNAMIC) FUND













Maturity75%75%

Death75%75%


2.98% 2.71%


111



WHAT DOES THIS FUND INVEST IN?The fund invests in units of the IA Clarington Global Equity Fund, which invests in a diversified portfolio of equity securities of businesses located around the world.







My Education+ GLOBAL EQUITY (QV) FUND



QUICK FACTSDate of first offer under My Education+: October 28, 2019Portfolio Advisor: QV Investors Inc.Total Fund Value: $51.6 millionNumber of Units Outstanding: 2,182,616Portfolio Turnover Rate: 24.60%Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Tesco PLC 4.93%AT&T Inc. 4.58%Walgreen Boots Alliance Inc. 4.26%Berkshire Hathaway Finance Corp., Class B 3.70%Wells Fargo & Co. 3.62%Samsung Electronics Co. Ltd., Sponsored GDR 3.33%UnitedHealth Group Inc. 3.22%Intel Corp. 3.06%Admiral Group PLC 2.96%Citigroup Inc. 2.95%Total 36.61%


Investment segmentation of the underlying fundUnited States 56.80%Europe 36.83%Asian & Pacific 4.34%Short Term and Others 2.03%Total 100.00%

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.55

-4.90

12.40

20.93

8.04 8.26 7.85

12.16

-5.27

7.40

112





Website: ia.ca









GLOBAL EQUITY (QV) FUND













Maturity75%75%

Death75%75%


2.83% 2.59%


113


• seeks high long-term added value• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Global Value Fund, which invests primarily in common stocks of companies throughout the world.








My Education+ GLOBAL EQUITY FUND




-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.39

-10.76

10.93

31.89

10.75

19.96

-4.10

14.01

-9.29

17.44


RISK LEVEL

LowLow to


to high High


Microsoft Corp. 3.57%Alphabet Holding Company Inc. 2.27%Apple Inc. 2.18%JPMorgan Chase & Co. 2.08%Bank of America Corp. 1.41%Amazon.com Inc. 1.37%Broadcom Inc. 1.31%Chevron Corp. 1.26%Honeywell International Inc. 1.25%UnitedHealth Group Inc. 1.22%Total 17.92%


Investment segmentation of the underlying fundUnited States 60.13%Europe 23.83%Asian & Pacific 13.36%Short Term and Others 2.38%Middle East & Africa 0.30%Total 100.00%

114





Website: ia.ca









GLOBAL EQUITY FUND













Maturity75%75%

Death75%75%


2.80% 2.35%


115

QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Radin Capital Partners Inc.Total Fund Value: $15.6 millionNumber of Units Outstanding: 1,024,822Portfolio Turnover Rate: 4.24% Minimum Investment: $25



• seeks long-term capital appreciation• invests with above average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington Global Opportunities Fund , which mainly invests in equities securities of companies around the world.








My Education+ GLOBAL OPPORTUNITIES (RADIN) FUND



-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

3.47

36.26

9.47 9.34

2.00

7.07

-13.40

0.09

RISK LEVEL

LowLow to


to high High


Greencore Group PLC 2.82%Drägerwerk AG & Co. KGaA, Pfd. 2.71%China Mobile Ltd. 2.64%Stella International Holdings Ltd. 2.63%Ontex Group NV 2.62%China Communications Services Corporation Limited, Class H 2.56%China LESSO Group Holding Limited 2.55%ANIMA Holding SpA 2.54%Sinotrans Ltd., Class H 2.52%Yue Yuen Industrial (Holdings) Ltd. 2.48%Total 26.07%


Investment segmentation of the underlying fundAsian & Pacific 38.11%Europe 37.13%Canada 8.42%United States 8.33%Short Term and Others 4.68%Latin America 3.33%Total 100.00%

116





Website: ia.ca









GLOBAL OPPORTUNITIES (RADIN) FUND













Maturity75%75%

Death75%75%


2.70% 2.52%


117


• seeks high total investment return• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in an equity portfolio of securities of companies located around the world. The geographic diversification of the portfolio corresponds to: one third in Canada, one third in the United States and one third in the Europe/Asia region.









My Education+ GLOBAL TRUE CONVICTION FUND




-20

0

20

40

60

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.97

44.08

11.2714.84

-1.73

12.43

-7.90

18.25

RISK LEVEL

LowLow to


to high High


Royal Bank of Canada 4.10%Worldline SA /France 3.61%Microsoft Corp. 3.27%Alibaba Group Holding Ltd., Sponsored ADR 3.26%Alphabet Holding Company Inc. 3.19%Brookfield Asset Management Inc. 3.17%Moncler SpA 3.14%Canadian Pacific Railway Co. 3.00%CGI Inc. 2.91%Morphosys AG 2.87%Total 32.52%



Canada 31.95%United States 27.27%Europe 22.94%Asian & Pacific 11.77%Short Term and Others 3.55%Middle East & Africa 2.52%Total 100.00%

118





Website: ia.ca









GLOBAL TRUE CONVICTION FUND













Maturity75%75%

Death75%75%


2.81% 2.37%


119

120



WHAT DOES THIS FUND INVEST IN?The Fund invests in units of the Fidelity Global Concentrated Equity Fund which invests in a well diversified portfolio primarily composed of equity securities of companies operating around the world.









My Education+ FIDELITY GLOBAL CONCENTRATED EQUITY FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: Fidelity InvestmentsTotal Fund Value: $30.9 millionNumber of Units Outstanding: 2,815,782Portfolio Turnover Rate: 115.31% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High



Vipshop Holdings Ltd. ADRFinning International Inc.Allison Transmission Holdings Inc.ARAMARK Holdings Corp.Alibaba Group Holding Ltd., Sponsored ADRMeggitt PLCBrenntag AGColfaxGenpact Ltd.Invesco Ltd.Top 10 holdings represents 26.73% of the underlying fund’s net assets.Total investments: 60

Europe 37.66%United States 32.27%Asia and Pacific 18.92%Canada 6.25%Latin America 3.51%Other countries 0.99%Short term and other 0.40%Total 100,00%

-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.63

-10.66

12.06

27.82

9.84

16.03

6.35

15.93

-11.32

22.99

121





Website: ia.ca









FIDELITY GLOBAL CONCENTRATED EQUITY FUND













Maturity75%75%

Death75%75%


3.26% 3.03%




WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Fidelity NorthStar® Fund, which invests in a well diversified portfolio of equities of companies operating around the world.






-10

0

10

20

30

40

50

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10.58

-9.85

7.08

45.02

12.91

24.05

-2.63

3.44

-5.79

4.16


My Education+ FIDELITY NORTHSTAR® FUND






RISK LEVEL

LowLow to


to high High



Ottogi Corp.Imperial Brands PLCSPDR Gold Trust ETFAnthem, Inc.Microsoft Corp.Gilead Sciences Inc.Hon Hai Precision Industry Co., Ltd.Apple Inc.Alphabet Inc., Class CJumbo SATop 10 holdings represents 18.85% of the underlying fund’s net assets.Total investments: 608

Asia and Pacific 37.38%United States 34.02%Europe 12.25%Short term and other 8.17%Other countries 5.98%Canada 2.20%Total 100,00%

122





Website: ia.ca









FIDELITY NORTHSTAR® FUND













Maturity75%75%

Death75%75%


3.05% 2.83%


123


• seeks to obtain high long-term capital appreciation• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the BlackRock CDN MSCI EAFE Equity Index Fund, which invests in the securities of large capitalization companies that operate in Europe, Australasia and the Far East.






-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-0.38

-12.11

11.79

27.63

1.10

16.04

-4.91

13.87

-8.35

13.10


My Education+ INTERNATIONAL EQUITY INDEX (BLACKROCK) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: BlackRockTotal Fund Value: $69.4 millionNumber of Units Outstanding: 4,678,894Portfolio Turnover Rate: 15.93% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Nestlé SA 2.17%Roche Holdings AG 1.53%Novartis AG, Registered 1.37%Toyota Motor Corp. 1.09%HSBC Holdings PLC 1.06%SAP AG 0.89%Total SA 0.89%AstraZeneca Group PLC 0.89%LVMH Moet Hennessy - Louis Vuitton SA 0.87%BP PLC 0.86%Total 11.62%


Investment segmentation of the underlying fundEurope 62.22%Asia and Pacific 29.07%Australia 6.53%Short term and other 1.58%Mid-east and Africa 0.49%Latin America 0.11%Total 100.00%

124





Website: ia.ca









INTERNATIONAL EQUITY INDEX (BLACKROCK) FUND













Maturity75%75%

Death75%75%


2.72% 2.51%


125


• seeks added value in the long term• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in a well-diversified portfolio of equities in primarily medium-and large-capitalization companies located outside North America.






-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.11

-14.69

12.92

27.14

1.27

20.94

-8.22

18.29

-12.10

16.51


My Education+ INTERNATIONAL EQUITY FUND






RISK LEVEL

LowLow to


to high High


Nestlé SA 2.40%Daikin Industries Ltd. 2.25%Royal Dutch Shell PLC 2.22%ASML Holding NV 2.14%LVMH Moet Hennessy - Louis Vuitton SA 2.14%Chugai Pharmaceutical Co. Ltd. 2.14%Kao Corp. 2.13%Alibaba Group Holding Ltd., Sponsored ADR 2.01%Essilor International SA 1.83%AstraZeneca Group PLC 1.80%Total 21.06%



Europe 61.28%Asian & Pacific 34.69%United States 2.45%Short Term and Others 1.58%Total 100.00%

126





Website: ia.ca









INTERNATIONAL EQUITY FUND













Maturity75%75%

Death75%75%


2.79% 2.39%


127


• seeks capital growth potential• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Fidelity Europe Fund, which invests in equities of large capitalization companies from continental Europe and the United Kingdom.




1 For details on the Prestige Preferential Pricing refer to Section 4.6.3 of the My Education+ Individual Variable Annuity Contrac


-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.65

-14.61

24.13

30.43

-4.38

18.47

-11.42

15.51

-9.20

14.42


My Education+ FIDELITY EUROPEAN EQUITY FUND






RISK LEVEL

LowLow to


to high High

Top 10 investments of the underlying fund Investment segmentation of the underlying fundUnited Kingdom 30.30%France 20.49%Other countries 19.50%Germany 17.00%Netherlands 10.97%Short term and other 1.74%Total 100.00%

SAP AGRoche Holdings AGSanofi LLCKering SABP PLCFresenius Medical Care AG & Co.Wolters Kluwer NVAXA SAPrudential PLCSiemens AG, RegisteredTop 10 holdings represents 36.40% of the underlying fund’s net assets.Total investments: 65

128





Website: ia.ca









FIDELITY EUROPEAN EQUITY FUND













Maturity75%75%

Death75%75%


2.89% 2.64%


129


• seeks medium and long-term capital appreciation• invests with average risk tolerance• is planning to invest for the medium and long term

WHAT DOES THIS FUND INVEST IN?The fund invests in units of the BlackRock CDN U.S. Equity Index Fund, Class D, which comprises of U.S. equity investments.






0

10

20

30

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.80

1.66

10.23

36.24

20.35

18.09

4.86

10.46

1.18

21.12


My Education+ U.S. EQUITY INDEX (BLACKROCK) FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: BlackRockTotal Fund Value: $246.8 millionNumber of Units Outstanding: 9,274,483Portfolio Turnover Rate: 5.46% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High




Apple Inc. 4.58%Microsoft Corp. 4.50%Amazon.com Inc. 2.88%Facebook Inc., Class A 1.85%Berkshire Hathaway Inc., Class B 1.66%JPMorgan Chase & Co. 1.63%Alphabet Inc., Class A 1.50%Alphabet Inc., Class C 1.49%Johnson & Johnson 1.43%Visa Inc. 1.20%Total 22.72%


Information Technology 22.25%Health Care 13.12%Financials 12.30%Communication Services 10.25%Consumer Discretionary 9.50%Industrials 8.39%Consumer Staples 7.11%Energy 4.27%Utilities 3.27%Real Estate 2.88%Materials 2.14%Total 95.48%

U.S. Equity 95.48%International Equity 3.39%Short term and other 1.13%Total 100.00%

130





Website: ia.ca









U.S. EQUITY INDEX (BLACKROCK) FUND













Maturity75%75%

Death75%75%


2.71% 2.50%


131

132



WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Fidelity Insights Class, which aims to invest in equity securities of “best-of-breed” firms with a tilt toward the U.S. market.









My Education+ FIDELITY INSIGHTS FUND


QUICK FACTSDate of first offer under My Education+: October 28, 2019Portfolio Advisor: Fidelity InvestmentsTotal Fund Value: $2.9 millionNumber of Units Outstanding: 267,774Portfolio Turnover Rate: 13.09% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High



Information Technology 31.92%Financials 14.53%Health Care 13.34%Communication Services 10.71%Consumer Discretionary 9.50%Industrials 3.28%Consumer Staples 3.09%Materials 2.26%Energy 1.04%Real Estate 0.83%Utilities 0.10%Total 90.60%

U.S. Equity 90.60%International Equity 5.57%Short term and other 2.16%Canadian Equity 1.67%Total 100.00%


Microsoft Corp.Facebook Inc., Class ABerkshire Hathaway, Class AAmazon.com Inc.Salesforce.com Inc.Bank of America Corp.American Express Co.Visa Inc.Adobe Systems Inc.JPMorgan Chase & Co.Top 10 holdings represents 36.60% of the underlying fund’s net assets.Total investments: 252

0

5

10

15

20

25

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

3.45

20.06

133





Website: ia.ca









FIDELITY INSIGHTS FUND













Maturity75%75%

Death75%75%


2.95% 2.75%


134



WHAT DOES THIS FUND INVEST IN?The fund invests primarily in equity securities of large capitalization U.S. companies taking advantage of structural innovation themes in the economy.









My Education+ THEMATIC INNOVATION FUND




RISK LEVEL

LowLow to


to high High



Alphabet Holding Company Inc. 3.94%Microsoft Corp. 3.24%Amazon.com Inc. 2.88%Apple Inc. 2.60%JPMorgan Chase & Co. 1.99%Nxp Semiconductor NV 1.80%UnitedHealth Group Inc. 1.75%Broadcom Inc. 1.68%BlackRock Inc. 1.67%Centene Corp. 1.66%Total 23.21%


Information Technology 25.95%Health Care 24.13%Communication Services 13.27%Financials 9.69%Consumer Discretionary 8.22%Industrials 8.19%Consumer Staples 3.35%Real Estate 2.23%Utilities 1.83%Energy 1.11%Materials 0.78%Total 98.75%

U.S. Equity 94.14%Foreign Equity 3.32%Canadian Equity 1.29%Short term and other 1.25%Total 100.00%

0

5

10

15

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

15.33

1.86

19.20

135





Website: ia.ca









THEMATIC INNOVATION FUND













Maturity75%75%

Death75%75%


2.60% 2.21%




WHAT DOES THIS FUND INVEST IN?The Fund invests in units of the Dynamic American Fund which seeks to take advantage of a broad variety of investment opportunities in the U.S. through active management.







My Education+ AMERICAN (DYNAMIC) FUND

Information as at June 30, 2019


QUICK FACTSDate of first offer under My Education+: October 28, 2019Portfolio Advisor: Dynamic FundsTotal Fund Value: $5.4 millionNumber of Units Outstanding: 529,080Portfolio Turnover Rate: 11.98%Minimum Investment: $25



RISK LEVEL

LowLow to


to high High

136




Microsoft Corp. 6.10%JPMorgan Chase & Co. 5.30%Bank of America Corp. 5.10%Danaher Corp. 5.00%Alphabet Inc. 5.00%Raytheon Company 4.90%Keysight Technologies Inc. 4.90%MasterCard Inc. 4.60%Nvidia Corp. 4.50%Nike Inc., Class B 4.30%Total 49.70%


Information Technology 28.10%Health Care 19.40%Financials 18.40%Industrials 12.80%Communication Services 8.80%Consumer Discretionary 8.30%Materials 4.00%Total 99.80%

U.S. Equity 99.80%Short term and other 0.20%Total 100.00%

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

9.70

-3.25

2.68

29.14

12.89

16.52

4.15

10.7612.81

22.75





Website: ia.ca









AMERICAN (DYNAMIC) FUND













Maturity75%75%

Death75%75%


2.84% 2.64%


137



WHAT DOES THIS FUND INVEST IN?This fund invests primarily in the equity securities of large-capitalization U.S. companies with solid financial statements.






-10

0

10

20

30

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.66

-4.29

9.78

37.02

20.94 21.32

-1.50

8.45

-8.23

16.84


My Education+ U.S. EQUITY FUND






RISK LEVEL

LowLow to


to high High



Microsoft Corp. 5.98%Alphabet Holding Company Inc. 3.81%Apple Inc. 3.64%JPMorgan Chase & Co. 3.43%Bank of America Corp. 2.34%Amazon.com Inc. 2.29%Broadcom Inc. 2.20%Chevron Corp. 2.11%Honeywell International Inc. 2.07%UnitedHealth Group Inc. 2.03%Total 29.90%


Information Technology 21.74%Health Care 16.06%Financials 13.66%Industrials 11.48%Communication Services 9.89%Consumer Discretionary 9.36%Consumer Staples 6.57%Energy 4.74%Materials 1.87%Real Estate 1.87%Utilities 1.83%Total 99.07%

U.S. Equity 98.57%Short term and other 0.93%Foreign Equity 0.50%Total 100.00%

138





Website: ia.ca









U.S. EQUITY FUND













Maturity75%75%

Death75%75%


2.80% 2.39%


139


• seeks capital appreciation• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the IA Clarington U.S. Dividend Growth Fund, which invests in stocks of high performing U.S. large capitalization companies.






-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

1.71

-4.61

9.94

28.58

20.9319.38

0.19

8.72

-7.61

19.31


My Education+ U.S. DIVIDEND GROWTH FUND



QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: iA Investment ManagementTotal Fund Value: $210. millionNumber of Units Outstanding: 9,382,981Portfolio Turnover Rate: 4.15% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High




Microsoft Corp. 4.41%Apple Inc. 4.02%Fortis Inc. 2.58%Bank of America Corp. 2.57%Verizon Communications Inc. 2.55%Wal-Mart Stores Inc. 2.44%JPMorgan Chase & Co. 2.30%Becton Dickinson & Co. 2.17%Progressive Waste Solutions Ltd. 2.15%Brookfield Property Partners L.P. 2.15%Total 27.34%


Information Technology 18.31%Financials 14.77%Industrials 12.68%Health Care 11.76%Consumer Staples 8.83%Consumer Discretionary 7.72%Real Estate 6.80%Utilities 6.41%Communication Services 6.17%Energy 2.01%Materials 1.51%Total 96.97%

U.S. Equity 89.24%Canadian Equity 4.64%Foreign Equity 3.09%Short term and other 3.03%Total 100.00%

140





Website: ia.ca









U.S. DIVIDEND GROWTH FUND













Maturity75%75%

Death75%75%


2.62% 2.20%


141

WHO IS THIS FUND FOR?

The fund may be suitable for an investor who:• seeks long-term capital growth• invests with above average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Dynamic Asia Equity Fund, which invests in a selection of equities of large capitalization companies located in the entire Pacific region including Japan.



-40

-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

25.26

-23.21

16.47

7.94

12.50

7.50

-6.18

26.45

-11.83

26.12


My Education+ ASIAN PACIFIC (DYNAMIC) FUND





HOW RISKY IS IT?


QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: Dynamic FundsTotal Fund Value: $94.7 millionNumber of Units Outstanding: 19,479,494Portfolio Turnover Rate: 12.50% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Taiwan Semiconductor Manufacturing Co. Ltd. 4.10%Alibaba Group Holding Ltd. 3.80%Shangai Putailai New Energy Technology 3.60%Tsingtao Brewery Co Ltd 3.50%Tencent Holdings Ltd. 3.50%Zhejiang Dingli Machinery 3.10%Ping An Insurance Group Co of China Ltd. 3.10%Gree Electric Appliances 3.00%Embassy Office Parks REIT 2.90%Square Enix Holdings Co., Ltd. 2.90%Total 33.50%


Investment segmentation of the underlying fundChina 60.40%Other countries 14.70%Japan 8.20%South Korea 7.10%India 4.20%Taiwan 4.00%Short term and other 1.40%Total 100.00%

142





Website: ia.ca









ASIAN PACIFIC (DYNAMIC) FUND













Maturity75%75%

Death75%75%


3.07% 2.84%


143


The fund may be suitable for an investor who:• seeks long-term capital growth• invests with above average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Jarislowsky Fraser Emerging Markets Fund, which mainly invests in stocks of companies located around the world having commercial activities in emerging markets.



HOW RISKY IS IT?



My Education+ EMERGING MARKETS (JARISLOWSKY FRASER) FUND





QUICK FACTSDate of first offer under My Education+: October 28, 2019Portfolio Advisor: Jarislowsky Fraser LimitedTotal Fund Value: $30.8 millionNumber of Units Outstanding: 2,910,259Portfolio Turnover Rate: 3.93% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Tencent Holdings Ltd. 6.70%Alibaba Group Holding Ltd., Sponsored ADR 6.60%Samsung Electronics Co. Ltd., Sponsored GDR 6.10%Taiwan Semiconductor Manufacturing ADR 5.40%Ping An Insurance Group Co of China Ltd. 3.20%Banco Bradesco ADR 3.20%Tata Consultancy Services Ltd. 2.90%Housing Development Finance Corp. 2.50%AIA Group Ltd. 2.30%HDFC Bank Ltd. 2.20%Total 41.10%


Investment segmentation of the underlying fundAsia and Pacific 74.40%Latin America 14.60%Europe 5.10%Mid-east and Africa 3.80%United States 2.10%Total 100.00%

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-0.33

24.06

-9.75

12.20

144





Website: ia.ca









EMERGING MARKETS (JARISLOWSKY FRASER) FUND













Maturity75%75%

Death75%75%


3.14% 2.93%


145


• seeks to obtain a high capital appreciation• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Renaissance Global Health Care Fund, which mainly invests in medium and large capitalization companies engaged in the design, development, manufacturing and distribution of products or services in the healthcare sector.







0

20

40

60

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-1.09

6.9711.09

51.49

33.9530.64

-13.74

4.92 5.87

16.37


My Education+ GLOBAL HEALTH CARE (RENAISSANCE) FUND


QUICK FACTSDate of first offer under My Education+: June 6, 2016Portfolio Advisor: CIBC Asset ManagementTotal Fund Value: $188.4 millionNumber of Units Outstanding: 3,720,307Portfolio Turnover Rate: 9.46% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High


Pfizer Inc. 5.12%Novartis AG, Sponsored ADR 5.07%Bristol-Myers Squibb Co. 4.94%AstraZeneca Group PLC 4.62%Abbott Laboratories 4.58%Eli Lilly and Co. 4.49%Thermo Fisher Scientific Inc. 3.50%Boston Scientific Corp. 3.30%UnitedHealth Group Inc. 3.18%Smith & Nephew PLC 2.96%Total 41.76%


Investment segmentation of the underlying fundUnited States 63.07%Other countries 8.65%Japan 8.00%United Kingdom 7.57%Switzerland 6.87%Ireland 4.62%Short term and other 1.22%Total 100.00%

146





Website: ia.ca









GLOBAL HEALTH CARE (RENAISSANCE) FUND













Maturity75%75%

Death75%75%


3.43% 3.21%


147



WHAT DOES THIS FUND INVEST IN?The Fund invests in units of the Dynamic Global Infrastructure Fund which is invested in a diversified portfolio of publicly-traded companies from around the globe that mainly own infrastructure assets directly.








My Education+ GLOBAL INFRASTRUCTURE (DYNAMIC) FUND


QUICK FACTSDate of first offer under My Education+: October 28, 2019Portfolio Advisor: Dynamic FundsTotal Fund Value: $9.6 millionNumber of Units Outstanding: 939,841Portfolio Turnover Rate: 4.36% Minimum Investment: $25



RISK LEVEL

LowLow to


to high High

Investment segmentation of the underlying fundUnited States 32.10%Canada 24.10%Europe 22.10%Asia and Pacific 12.10%Short term and other 9.60%Total 100.00%

148


Ferrovial SAVinci SASydney Airport Ltd, UnitsOrsted A/STC Energy Corp.Aéroports de ParisAmerican Tower Corp.NextEra Energy Inc.Transurban GroupSempra EnergyTop 10 holdings represents 43.90% of the underlying fund’s net assets.Total investments: 27

-5

0

5

10

15

20

25

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.85

12.68

9.64

12.71

18.91

1.23

6.59

13.33

-4.05

23.41





Website: ia.ca









GLOBAL INFRASTRUCTURE (DYNAMIC) FUND













Maturity75%75%

Death75%75%


3.03% 2.83%


149


• seeks to obtain a regular long-term income• invests with average risk tolerance• is planning to invest for the long term

WHAT DOES THIS FUND INVEST IN?This fund mainly invests in trust units of Canadian companies and short-term fixed-income securities issued and guaranteed by the federal and provincial governments as well as Canadian corporations.







0

5

10

15

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

16.3215.01

16.06

-2.00

6.99

-1.62

12.33

6.45

1.00

16.67


My Education+ REAL ESTATE INCOME FUND





RISK LEVEL

LowLow to


to high High


RioCan Real Estate Investment Trust 8.02%Canadian Apartment Properties Real Estate Investment Trust 7.45%Granite Real Estate Investment Trust 6.49%Boardwalk Real Estate Investment Trust 6.01%Smart Real Estate Investment Trust 4.52%Allied Properties Real Estate Investment Trust 4.33%H&R Real Estate Investment Trust 3.35%Crombie Real Estate Investment Trust 2.89%Choice Properties Real Estate Investment Trust 2.65%Tricon Capital Group Inc. 2.44%Total 48.15%



Canadian Equity 92.91%Short term and other 5.38%U.S. Equity 1.71%Total 100.00%

150





Website: ia.ca









REAL ESTATE INCOME FUND













Maturity75%75%

Death75%75%


2.81% 2.32%


151


The fund may be suitable for an investor who:• seeks capital appreciation• invests with average risk tolerance• is planning to invest for the medium to long term

WHAT DOES THIS FUND INVEST IN?This fund invests in units of PowerShares QQQ Trust, which seeks to replicate the NASDAQ 100 Index®. This index is characterized by the securities of companies that offer promising products and services such as telecommunications equipment, computer services, high-technology products, etc.



HOW RISKY IS IT?


0

10

20

30

40

50

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10.63

2.48

11.75

41.37

26.39 26.75

1.09

20.31

5.86

28.17


My Education+ U.S. DAQ INDEX FUND








RISK LEVEL

LowLow to


to high High

Top 10 investments of the Nasdaq 100 Index

Apple Inc. 11.60%Microsoft Corp. 10.69%Amazon.com Inc. 8.14%Facebook Inc. 4.39%Alphabet Inc., Class C 4.09%Alphabet Inc., Class A 4.08%Intel Corp. 2.95%Cisco Systems Inc. 2.31%Comcast Corp. 2.31%Pepsico Inc. 2.16%Total 52.72%


Investment segmentation

U.S. Equity 99.46%Short term and other 0.54%Total 100.00%

152





Website: ia.ca









U.S. DAQ INDEX FUND













Maturity75%75%

Death75%75%


2.92% 2.70%


153

154



WHAT DOES THIS FUND INVEST IN?The Fund invests in underlying investments that aim to reproduce market indices of both domestic and foreign fixed income and equity markets. Moreover, the asset allocation of this Fund is more heavily oriented towards fixed-income securities. The target allocation is 70% in fixed-income funds and 30% in equity funds.









My Education+ INDEXIA PRUDENT FUND


QUICK FACTSDate of first offer under My Education+: October 29, 2018Portfolio Advisor: iA Investment Management Total Fund Value: $58.8 millionNumber of Units Outstanding: 5,536,582Portfolio Turnover Rate: 12.01% Minimum Investment: $25


RISK LEVEL

LowLow to


to high High


TD Emerald Canadian Bond PFT 49.64%Vanguard Global ex-Canada Fixed Income Index Pooled Fund

(CAD-hedged) 19.87%Industrial Alliance Canadian Equity Index Fund 9.96%BlackRock CDN MSCI EAFE Equity Index Fund, Class D 9.00%BlackRock CDN US Equity Index Fund, Class D 8.96%BlackRock CDN MSCI Emerging Markets Index, Class D 2.04%Other Assets 0.53%Total 100.00%



Canadian Fixed Income Funds 49.64%Global Fixed Income Funds 19.87%Global Equity Funds 11.03%Canadian Equity Funds 9.96%U.S. Equity Funds 8.96%Short term and other 0.54%Total 100.00%

-2.5

0.0

2.5

5.0

7.5

10.0

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.71

7.70

2.852.22

3.87

-1.57

8.13

155





Website: ia.ca









INDEXIA PRUDENT FUND













Maturity75%75%

Death75%75%


1.97% 1.88%


156



WHAT DOES THIS FUND INVEST IN?The Fund invests in underlying investments that aim to reproduce market indices of both domestic and foreign fixed income and equity markets. Moreover, the asset allocation of this Fund is fairly balanced between fixed income and equity securities. The target allocation is 55% in fixed income funds and 45% in equity funds.









My Education+ INDEXIA MODERATE FUND




RISK LEVEL

LowLow to


to high High


TD Emerald Canadian Bond PFT 36.71%Vanguard Global ex-Canada Fixed Income Index Pooled Fund

(CAD-hedged) 17.82%Industrial Alliance Canadian Equity Index Fund 14.92%BlackRock CDN MSCI EAFE Equity Index Fund, Class D 13.45%BlackRock CDN US Equity Index Fund, Class D 13.40%BlackRock CDN MSCI Emerging Markets Index, Class D 3.05%Other Assets 0.65%Total 100.00%



Canadian Fixed Income Funds 36.71%Global Fixed Income Funds 17.82%Global Equity Funds 16.49%Canadian Equity Funds 14.92%U.S. Equity Funds 13.40%Short term and other 0.66%Total 100.00%

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.54 8.23

3.733.27

5.69

-2.51

10.16

157





Website: ia.ca









INDEXIA MODERATE FUND













Maturity75%75%

Death75%75%


1.96% 1.86%


158



WHAT DOES THIS FUND INVEST IN?The Fund invests in underlying investments that aim to reproduce market indices of both domestic and foreign fixed income and equity markets. Moreover, the asset allocation of this Fund is fairly balanced between fixed income and equity securities. The target allocation is 40% in fixed income funds and 60% in equity funds.









My Education+ INDEXIA BALANCED FUND




RISK LEVEL

LowLow to


to high High


TD Emerald Canadian Bond PFT 24.53%Industrial Alliance Canadian Equity Index Fund 19.95%BlackRock CDN US Equity Index Fund, Class D 18.04%BlackRock CDN MSCI EAFE Equity Index Fund, Class D 18.02%Vanguard Global ex-Canada Fixed Income Index Pooled Fund

(CAD-hedged) 14.90%BlackRock CDN MSCI Emerging Markets Index, Class D 4.09%Other Assets 0.47%Total 100.00%



Canadian Fixed Income Funds 24.53%Global Equity Funds 22.11%Canadian Equity Funds 19.95%U.S. Equity Funds 18.04%Global Fixed Income Funds 14.91%Short term and other 0.46%Total 100.00%

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

12.47

8.75

4.61 4.28

7.37

-3.20

12.16

159





Website: ia.ca









INDEXIA BALANCED FUND













Maturity75%75%

Death75%75%


1.97% 1.86%


160



WHAT DOES THIS FUND INVEST IN?The Fund invests in underlying investments that aim to reproduce market indices of both domestic and foreign fixed income and equity markets. Moreover, the asset allocation of this Fund is more oriented towards equity securities. The target allocation is 25% in fixed income funds and 75% in equity funds.









My Education+ INDEXIA GROWTH FUND




RISK LEVEL

LowLow to


to high High


Industrial Alliance Canadian Equity Index Fund 24.85%BlackRock CDN US Equity Index Fund, Class D 22.48%BlackRock CDN MSCI EAFE Equity Index Fund, Class D 22.46%TD Emerald Canadian Bond PFT 14.80%Vanguard Global ex-Canada Fixed Income Index Pooled Fund

(CAD-hedged) 9.90%BlackRock CDN MSCI Emerging Markets Index, Class D 5.10%Other Assets 0.41%Total 100.00%



Global Equity Funds 27.56%Canadian Equity Funds 24.85%U.S. Equity Funds 22.48%Canadian Fixed Income Funds 14.80%Global Fixed Income Funds 9.90%Short term and other 0.41%Total 100.00%

-5

0

5

10

15

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

16.48

9.27

5.53 5.25

9.17

-3.99

14.10

161





Website: ia.ca









INDEXIA GROWTH FUND













Maturity75%75%

Death75%75%


1.96% 1.85%


162



WHAT DOES THIS FUND INVEST IN?The Fund invests in underlying investments that aim to reproduce market indices of both domestic and foreign fixed income and equity markets. Moreover, the asset allocation of this Fund is more oriented towards equity securities. The target allocation is 10% in fixed income funds and 90% in equity funds.









My Education+ INDEXIA AGGRESSIVE FUND




RISK LEVEL

LowLow to


to high High


Industrial Alliance Canadian Equity Index Fund 29.84%BlackRock CDN MSCI EAFE Equity Index Fund, Class D 26.92%BlackRock CDN US Equity Index Fund, Class D 26.81%BlackRock CDN MSCI Emerging Markets Index, Class D 6.09%TD Emerald Canadian Bond PFT 4.96%Vanguard Global ex-Canada Fixed Income Index Pooled Fund

(CAD-hedged) 4.95%Other Assets 0.43%Total 100.00%



Global Equity Funds 33.01%Canadian Equity Funds 29.83%U.S. Equity Funds 26.81%Canadian Fixed Income Funds 4.96%Global Fixed Income Funds 4.95%Short term and other 0.44%Total 100.00%

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

20.61

9.80

6.43 6.20

10.52

-4.32

16.23

163





Website: ia.ca









INDEXIA AGGRESSIVE FUND













Maturity75%75%

Death75%75%


1.96% 1.89%


NOTES

164

F14A

-12(

20-0

6)

iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc. ia.ca

For any comments or additional information regarding iA Financial Group, please contact the head office:

iA Financial Group

1080 Grande Allée West PO Box 1907, Station Terminus Quebec City, QC G1K 7M3

418-684-5000 / 1-800-463-6236

The contract is administered by Industrial Alliance Insurance and Financial Services Inc., which is incorporated under An Act respecting insurance (Quebec).

About iA Financial Group

Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of Canada’s largest public companies and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).

Fund FactsAs at December 31, 2019

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