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Fund Facts Booklet Dated December 31, 2020

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Fund Facts Booklet Dated December 31, 2020 RIDER TO THE ECOFLEX FUND FACTS BOOKLET DATED DECEMBER 31, 2020 Ecoflex 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 August 31, 2021, the Fund Facts booklet (hereinafter the “Booklet”), which forms part of the Information Folder related to the Ecoflex Contract is amended to reflect the following change: — The investment strategy of the following fund has been updated: - International Equity LIST OF AMENDEMENTS Effective August 31, 2021, this rider amends the Booklet in accordance with the following provisions: 1. The investment strategies have been updated as below: 1.1 International Equity: The Fund is composed of a selection of quality international equities with good growth potential and attractive value, in companies located outside North America. 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 – Ecoflex. Denis Ricard Jennifer Dibblee President and Chief Executive Officer Vice-President, Legal Services Corporate Secretary This rider, dated August 31, 2021, forms an integral part of the Fund Facts Booklet and the EcoflexInformation Folder. iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc. ia.ca ACC F14-3A-5(21-09) INVESTMENT FUNDS / As 31, December at 2020 Ecoflex Fund Facts TABLE OF CONTENTS FOCUS FUNDS CANADIAN EQUITY FUNDS Focus Prudent . 2 Strategic Equity Income . 48 Focus Moderate . 4 Dividend Growth . 50 Focus Balanced . 6 Dividend . 52 Focus Growth . 8 Canadian Equity Index . 54 Focus Aggressive . 10 Fidelity True North® . 56 Canadian Equity Growth . 58 SELECTION FUNDS Fidelity Canadian Opportunities . 60 Selection Prudent . 12 North American Equity . 62 Selection Moderate . 14 Selection Balanced . 16 U.S. & INTERNATIONAL EQUITY FUNDS Selection Growth . .18 Global Equity Index ACWI (BlackRock) . .64 Selection Aggressive . 20 Global Dividend (Dynamic) . 66 Global Equity . 68 INCOME FUNDS Global Opportunities (Loomis Sayles) . 70 Money Market . 22 Fidelity NorthStar® . 72 Short Term Bond . 24 Bond . 26 International Equity Index (BlackRock) . 74 Core Plus Bond (Wellington Square) . 28 International Equity . 76 Fidelity European Equity . 78 DIVERSIFIED FUNDS U .S . Equity Index (BlackRock) . 80 Diversified Security . 30 Thematic Innovation . 82 Diversified . 32 U .S . Equity . 84 Diversified Opportunity . 34 U .S . Dividend Growth . 86 SRI Moderate (Inhance) . 36 SRI Balanced (Inhance) . 38 SPECIALTY FUNDS SRI Growth (Inhance) . 40 Asian Pacific (Dynamic) . 88 Diversified Income . 42 Emerging Markets (Jarislowsky Fraser) . 90 Strategic Income . 44 Global Health Care (Renaissance) . 92 Global Diversified (Loomis Sayles) . 46 Real Estate Income . 94 U .S . DAQ Index . 96 1 FUND FACTS Industrial Alliance Insurance and Financial Services Inc. Ecoflex FOCUS PRUDENT FUND Information as at December 31, 2020 QUICK FACTS Date of first offer under Ecoflex: November 30, 2002 Management Expense Ratio (MER)1: 3.19% Total Fund Value: $237.9 million Portfolio Advisor: iA Investment Management Net Asset Value per Unit: $17.94 Portfolio Turnover Rate: 40.89% Number of Units Outstanding: 10,873,360 Minimum Investment: $25 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. Top investments of the Fund Investment segmentation of the Fund Industrial Alliance Bond Fund2 54.98% Fixed Income Funds 69.93% PIMCO Monthly Income Fund (Canada) 6.98% Global Equity Funds 14.77% Industrial Alliance Canadian Equity Growth Fund 6.44% Canadian Equity Funds 10.39% Dynamic Global Dividend Fund, Series O 4.89% U.S. Equity Funds 5.07% Industrial Alliance International Equity Fund 4.59% Short Term and others -0.16% IA Clarington Strategic Corporate Bond Fund, Series I 3.99% Total 100.00% IA Clarington Floating Rate Income Fund, Series I 3.98% Industrial Alliance Dividend Fund 3.95% Fidelity Global Concentrated Equity Institutional Trust 3.76% Industrial Alliance Thematic Innovation Fund 2.80% JF Emerging Markets Equity Fund 1.53% Industrial Alliance U.S. Equity Multifactor (iAIM) 1.26% IA Clarington U.S. Dividend Growth Fund, Series I 1.01% Other Assets -0.16% Total 100.00% Total investments: 13 WHO IS THIS FUND FOR? HOW HAS THE FUND PERFORMED? The fund may be suitable for an investor who: This section tells you how the fund has performed over the past years. • seeks a regular long-term return Returns shown are after the MER has been deducted. • invests with below average risk tolerance Important: Past performance does not indicate how the fund will perform in the • is planning to invest for the long term future. Also, your actual return will depend on the guarantee option you choose, any changes you made to your investment and your personal tax situation. HOW RISKY IS IT? AVERAGE RETURN The value of your investment can go down. Please refer to the Information Folder for further details. A person who invested $1,000 in the fund 10 years ago (or since the date it was first offered under Ecoflex if less than 10 years) now has $1,292. RISK LEVEL This works out to an average return of 2.60% a year. Low to Moderate Low moderate Moderate to high High YEAR-BY-YEAR RETURNS This chart shows how the segregated fund has performed for the last 10 years. In this period, the fund was up in value 9 years and down in value 1 year. 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. % 7.5 7.42 The MER includes the insurance cost for the guarantees. For details, 6.08 5.33 please refer to the Information Folder and the contract. 5.0 3.14 2.86 2.5 1.81 1.49 1.39 1 iA Financial Group is currently waiving a portion of the operating expenses for this fund 0.99 and can terminate the waiver at any time without notice. For the period ending 0.0 December 31, 2020, the waiver was set at 0.05%. -2.5 2 For details on the Industrial Alliance Bond Fund top investments refer to the corresponding Fund facts included in this document. -5.0 -4.09 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2 FOCUS PRUDENT FUND 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. The ongoing fees and expenses are different according to the category of each fund. The following sales charge will apply, see Information Folder or contract for full details or discuss with your life insurance agent. Sales Charge Option What You Pay How It Works Surrender Fees The deferred sales charge is a fixed rate and is deducted from the amount you surrender. If you surrender within: When you invest in the fund, iA Financial Group pays a commission of up to 5.6% to your 1st and 2nd year 5% life insurance agent and his/her agency. rd Any deferred sales charges paid go to iA Financial Group. Deferred Sales Charge 3 year 4% 4th year 3% You have the right to surrender up to 10% of the market value of your units each year, without a surrender fee. 5th and 6th year 2% You may switch to units of another fund under the contract at any time without paying a After 6th year 0% deferred sales charge. ONGOING FUND EXPENSES The 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. MER* Guarantee Option Maturity Death (Annual rate as a % of the fund value) Full Guarantee 100% 100% 3.19% *MER shown may differ from actual MER. TRAILING COMMISSION Each month, iA Financial Group pays a trailing commission of up to 0.08% of the monthly average market value of your investment in the 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. OTHER FEES You 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 then 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. WHAT IF I CHANGE MY MIND? For more information This summary may not contain all the You may change your mind within two business days of the earlier of: information you need. Please refer • the date you received confirmation or to the Information Folder and the • five business days after it is mailed. contract. You may also change your mind about subsequent transactions you make under the contract within two business days of the earlier of: iA Financial Group 1080 Grande Allée West • the date you received confirmation of the transaction or PO Box 1907, Station Terminus • five business days after it is mailed. Quebec City, QC G1K 7M3 In this case the right to cancel only applies to the new transaction.
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