rider to the ia clarington guaranteed investment … · this rider amends the folder in accordance...

RIDER TO THE IA CLARINGTON GUARANTEED INVESTMENT FUNDS (GIF) INDIVIDUAL VARIABLE ANNUITY CONTRACT AND INFORMATION FOLDER

IA Clarington GIF 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]

The Contract and Information Folder (which includes the Fund Facts) related to the IA Clarington GIF Contract (hereinafter the “Folder”), will be amended to reflect the following changes:

— On May 11, 2020 “IA Clarington Core Plus Bond GIF” portfolio manager is changed to Wellington Square

— On June 29, 2020 “IA Clarington Canadian Conservative Equity GIF” portfolio manager is changed to iA Investment Management

— On June 29, 2020 “IA Clarington Global Opportunities GIF” portfolio manager is changed to Loomis Sayles and is renamed “IA Clarington Loomis Global Equity Opportunities GIF”

LIST OF AMENDEMENTS

This rider amends the Folder in accordance with the following provisions:

1. On May 11, 2020, the portfolio manager change for the “IA Clarington Core Plus Bond GIF” modifies the section below:

— 1.2 “List of Funds Offered by Industrial Alliance Insurance and Financial Services Inc.”, the Portfolio Advisor or Sub-Advisor is changed to “Wellington Square”

— 5 “Investment Objectives, Management of the Funds and Fund Facts”, the Investment Advisor’s Address is changed to Wellington Square, 150 King Street West, Suite 2010, P.O. Box 5, Toronto, Ontario M5H 1J9

— Fund Facts for the “IA Clarington Core Plus Bond GIF”, the Portfolio Advisor is changed to Wellington Square

2. On June 29, 2020, the portfolio manager change for the “IA Clarington Canadian Conservative Equity GIF” modifies the section below:

— 1.2 “List of Funds Offered by Industrial Alliance Insurance and Financial Services Inc.”, the Portfolio Advisor or Sub-Advisor is changed to “iA Investment Management”

— 5 “Investment Objectives, Management of the Funds and Fund Facts”, the Investment Advisor’s Address is changed to iA Investment Management, 1080 Grande Allée West, PO Box 1907, Station Terminus, Quebec City, QC G1K 7M3

— Fund Facts for the “IA Clarington Canadian Conservative Equity GIF”, the Portfolio Advisor is changed to iA Investment Management

3. On June 29, 2020, the portfolio manager change for the “IA Clarington Global Opportunities GIF” modifies the section below:

— 1.2 “List of Funds Offered by Industrial Alliance Insurance and Financial Services Inc.”, the Portfolio Advisor or Sub-Advisor is changed to “Loomis, Sayles & Company” and the name of the fund is changed to “IA Clarington Loomis Global Equity Opportunities GIF”

— 3.9 “Service Fees”, the name of the fund is changed to “IA Clarington Loomis Global Equity Opportunities GIF”

— 4.3 “Management Fees, Insurance Fees, Operating Expenses and Income Asset Class”, the name of the fund is changed to “IA Clarington Loomis Global Equity Opportunities GIF”

— 5 “Investment Objectives, Management of the Funds and Fund Facts”, the name of the fund is changed to “IA Clarington Loomis Global Equity Opportunities GIF” and the Investment Advisor’s Address is changed to Loomis, Sayles & Company, One Financial Center, 655 Atlantic Ave, Boston, MA 02111

— Fund Facts for the “IA Clarington Global Opportunities GIF”, the name of the fund is changed to “IA Clarington Loomis Global Equity Opportunities GIF” and the Portfolio Advisor is changed to Loomis, Sayles & Company

CERTIFICATION

Industrial Alliance Insurance and Financial Services Inc. certifies that the Folder, as amended by this rider, briefly and simply discloses all material facts relating to the variable nature of the Funds offered under the IA Clarington GIF Contract.

Jennifer Dibblee Vice-President, Legal Services

Corporate Secretary

Denis Ricard President and Chief Executive Officer

This rider, dated May 11, 2020, forms an integral part of the IA Clarington GIF Contract.

F14-

6-3A

(20-

06)

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

iA Clarington Guaranteed Investment FundsFund Facts As at December 31, 2019

Administered by IA Clarington Investments Inc.Issued by Industrial Alliance Insurance and Financial Services Inc.

IA Clarington GIF — Fund Facts — 3

IA Clarington Money Market GIF 4

IA Clarington Bond GIF 6

IA Clarington Core Plus Bond GIF 8

IA Clarington Canadian Balanced GIF 10

IA Clarington Strategic Income GIF 12

IA Clarington Monthly Income Balanced GIF 14

IA Clarington Inhance Monthly Income SRI GIF 16

IA Clarington Strategic Equity Income GIF 18

IA Clarington Dividend Growth GIF 20

IA Clarington Canadian Conservative Equity GIF 22

IA Clarington Canadian Small Cap GIF 24

IA Clarington U.S. Dividend Growth GIF 26

IA Clarington Global Equity GIF 28

IA Clarington Global Value GIF 30

IA Clarington Global Opportunities GIF 32

IA Clarington Distinction Conservative Portfolio GIF 34

IA Clarington Distinction Balanced Portfolio GIF 36

IA Clarington Distinction Growth Portfolio GIF 38

TABLE OF CONTENTS


Date of first offer under IA Clarington GIF: May 4, 2007Total Fund Value: $12.6 millionNet Asset Value per Unit: Guarantee A $10.87 Guarantee B $10.89 Guarantee C $11.72Number of Units Outstanding: 1,137,098

Management Expense Ratio (MER): Guarantee A 1.49%Guarantee B 1.42%Guarantee C1 1.40%

Portfolio Advisor: iA Investment ManagementPortfolio Turnover Rate: 43.29%Minimum Investment: $500

WHO IS THIS FUND FOR?

The fund may be suitable for an investor who:• seeks interest income and preservation of capital• invests with very low risk tolerance• is planning to invest for the short term

QUICK FACTS

WHAT DOES THIS FUND INVEST IN?

This fund invests in units of the IA Clarington Money Market fund, which invests primarily in high quality debt securities issued by Canadian corporations and governments.

Top 10 investments of the underlying mutual fund

Government of Canada, 1.656%, 2020-02-06 61.70%Government of Canada, 1.638%, 2020-02-20 29.05%Government of Canada, 1.648%, 2020-03-05 8.77%Government of Canada, 1.655%, 2020-04-02 0.34%Other Assets 0.14%

Total 100.00%

Total investments of the underlying mutual fund: 4

Investment segmentation of the underlying mutual fund

Treasury bills 99.86%Cash and Cash Equivalents 0.14%

Total 100.00%

HOW HAS THE FUND PERFORMED?

This section tells you how the fund has performed over the past years for a policyholder who chose Guarantee A. 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 guarantee option you choose, any changes you made to your investment and your personal tax situation.

AVERAGE RETURN

A person who invested $1,000 in the fund 10 years ago (or since the date it was first offered under IA Clarington GIF if less than 10 years) now has $1,052. This works out to an average return of 0.51% a year.

HOW RISKY IS IT?

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

YEAR-BY-YEAR RETURNS

This chart shows how the 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. The MER includes the insurance cost for the guarantees. For details, please refer to the information folder and contract.

-0.5

0.0

0.5

1.0

1.5

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-0.02

0.25

0.550.45

0.63

0.320.41

0.26

0.91

1.33

FUND FACTSIndustrial Alliance Insurance and Financial Services Inc.

IA Clarington GIF IA CLARINGTON MONEY MARKET GIF

Information as at December 31, 2019

RISK LEVEL

1 Guarantee C offered for contracts issued as of May 12, 2016.

LowLow to

moderate ModerateModerate to

high High

2


HOW MUCH DOES IT COST?The following tables show the fees and expenses you could pay to invest, hold or surrender an amount in the fund. The ongoing fees and expenses are different for each guarantee option.One of the following sales charges will apply, see information folder or contract for full details or discuss with your life insurance agent.

TRAILING COMMISSIONiA Financial Group pays a trailing commission as long as you have investment in the fund. This commission is for the ongoing service and advice your life insurance agent and the Distributor provide. The trailing commission is included in the management fee. The rate depends on the sales charge you choose. The trailing commission is calculated on the monthly average market value of your investment in the fund and paid quarterly.

Deferred sales charge - up to 0.25% of the market value of your investment each yearFront end sales charge - up to 0.25% of the market value of your investment each year

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 contract.

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 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.

How It WorksWhat You Pay

Up to 2% of the amount to be invested in the fund.

There is an applicable sales charge of up to 2% which is negotiable between you and your life insurance agent. This sales charge is deducted from the amount invested and is paid to the Distributor as a commission.

Sales Charge Option

Deferred Sales Charge

Front End SalesCharge

The deferred sales charge is a fixed rate and is deducted from the amount you surrender. Any deferred sales charges paid go to iA Financial Group.When you invest in the fund, iA Financial Group pays to the Distributor a commission of up to 5%. For investments made in funds as of the Annuitant’s age of 80, this commission will be fully recovered by iA Financial Group if the death of the Annuitant occurs within the 24 months following the date of the investment.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.

Surrender FeesIf you surrender within:1st year 5.75%2nd year 5.50%3rd year 5.00%4th year 4.50%5th year 4.00%6th year 3.50%7th year 2.00%8th and + year 0%

FOR MORE INFORMATIONThis summary may not contain all the information you need. Please read the Information Folder and IA Clarington GIF Individual Variable Annuity Contract.

iA Financial Groupc/o IA Clarington Investments Inc.522 University Avenue, Suite 700Toronto, ON M5G 1Y7

Website: www.iaclarington.com

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.

IA CLARINGTON MONEY MARKET GIF

Guarantee OptionGuarantee AGuarantee BGuarantee C

Maturity100% 75% 75%

Death100%100% 75%

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

1.49%1.42%1.40%

*MER shown may differ from actual MER.

3




Portfolio Advisor: iA Investment ManagementPortfolio Turnover Rate: 8.83% Minimum Investment: $500


The fund may be suitable for an investor who:• 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

QUICK FACTS


This fund invests in units of the IA Clarington Bond fund, which primarily invests in high-quality fixed income Canadian securities and in first mortgages situated in Canada.


Canada Housing Trust, 2.900%, 2024-06-15 6.22%Canada Housing Trust, 2.100%, 2029-09-15 2.65%Government of Canada, 5.750%, 2033-06-01 2.60%Canada Housing Trust, 2.550%, 2023-12-15 2.58%Canada Housing Trust, 2.650%, 2028-12-15 2.33%Province of Ontario, 2.800%, 2048-06-02 2.28%Province of Alberta, 2.900%, 2028-12-01 2.25%Province of British Columbia, 5.700%, 2029-06-18 2.18%Province of Ontario, Floating Rate, 2.020%, 2023-08-21 1.98%Province of Quebec, 3.500%, 2045-12-01 1.97%

Total 27.04%




AVERAGE RETURN


HOW RISKY IS IT?



This chart shows how the fund has performed for the last 10 years. In this period, the fund was up in value 8 years and down in value 2 years.



-5.0

-2.5

0.0

2.5

5.0

7.5

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

4.24

7.28

1.84

-2.72

6.73

1.71

0.601.19

-0.84

5.22


IA Clarington GIF IA CLARINGTON BOND GIF


RISK LEVEL


LowLow to


high High


Corporates 35.01%Provincials 29.39%Government Bonds 25.13%Short term and other 5.89%Municipals and Subsidized 3.05%Foreign Bonds 1.53%

Total 100.00%

4










Sales Charge Option













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


IA CLARINGTON BOND GIF

Guarantee OptionGuarantee AGuarantee B Guarantee C


Death100%100% 75%


2.12%2.01%1.92%

*MER shown may differ from actual MER

5


Date of first offer under IA Clarington GIF: May 12, 2016Total Fund Value: $3.1 millionNet Asset Value per Unit: Guarantee B $10.27 Guarantee C $10.45Number of Units Outstanding: 298,288

Management Expense Ratio (MER): Guarantee B 2.59%Guarantee C1 2.21%

Portfolio Advisor: IA Clarington Investments Inc.Portfolio Turnover Rate: 144.12%Minimum Investment: $500


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

QUICK FACTS


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.


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%



This section tells you how the fund has performed over the past years for a policyholder who chose Guarantee C. 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 guarantee option you choose, any changes you made to your investment and your personal tax situation.

AVERAGE RETURN


HOW RISKY IS IT?







IA Clarington GIF IA CLARINGTON CORE PLUS BOND GIF


-2

0

2

4

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

1.29

-1.69

3.65

LowLow to


high High

RISK LEVEL



Canadian 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%

6










Sales Charge Option













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


IA CLARINGTON CORE PLUS BOND GIF

Guarantee OptionGuarantee B Guarantee C

Maturity75% 75%

Death100% 75%


2.59%2.21%


7


Date of first offer under IA Clarington GIF: March 15, 2010Total Fund Value: $254.4 millionNet Asset Value per Unit: Guarantee A $13.32 Guarantee B $13.98 Guarantee C $17.23Number of Units Outstanding: 17,650,743


Portfolio Advisor: QV Investors Inc.Portfolio Turnover Rate: 0.28%Minimum Investment: $500


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

QUICK FACTS


This fund invests in units of the IA Clarington Canadian Balanced fund, which primarily invests in a portfolio of Canadian equity and fixed income investments.


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%


HOW HAS THE FUND PERFORMED?This section tells you how the fund has performed over the past years for a policyholder who chose Guarantee A. 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 guarantee option you choose, any changes you made to your investment and your personal tax situation.

AVERAGE RETURNA person who invested $1,000 in the fund 10 years ago (or since the date it was first offered under IA Clarington GIF if less than 10 years) now has $1,330. This works out to an average return of 2.96% a year.

HOW RISKY IS IT?




-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-0.57

5.72

12.84

4.99

-5.29

7.87

0.40

-9.98

9.23


IA Clarington GIF IA CLARINGTON CANADIAN BALANCED GIF


YEAR-BY-YEAR RETURNSThis chart shows how the fund has performed for the last 9 years. In this period, the fund was up in value 6 years and down in value 3 years.


RISK LEVEL

LowLow to


high High


Canadian Equity 56.06%Canadian Bonds 35.92%Foreign Equity 4.31%Short term and other 2.42%Income Trust 1.29%

Total 100.00%

8










Sales Charge Option















IA CLARINGTON CANADIAN BALANCED GIF



Death100%100% 75%


3.56%3.08%2.55%


9


Date of first offer under IA Clarington GIF: January 17, 2014Total Fund Value: $182.4 millionNet Asset Value per Unit: Guarantee A $12.40 Guarantee B $12.79 Guarantee C $13.82Number of Units Outstanding: 14,123,567




The fund may be suitable for an investor who:• 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

QUICK FACTS


This fund invests in units of the IA Clarington Strategic Income fund, which primarily invests in Canadian equity and fixed income investments.


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%




HOW RISKY IS IT?





IA Clarington GIF IA CLARINGTON STRATEGIC INCOME GIF


-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-6.74

12.86

4.43

-4.35

11.97

YEAR-BY-YEAR RETURNSThis chart shows how the underlying mutual fund has performed for the last 5 years. If the fund had existed during this period, its return would likely have been slightly lower. In this period, the underlying mutual fund was up in value 3 years and down in value 2 years.


RISK LEVEL

LowLow to


high High


Equity 62.30%Fixed Income 28.10%Short term and other 9.60%

Total 100.00%

10










Sales Charge Option















IA CLARINGTON STRATEGIC INCOME GIF



Death100%100% 75%


3.37%2.87%2.54%


11






The fund may be suitable for an investor who:• seeks a balanced portfolio with the possibility for capital appreciation• is planning to invest over the medium to long term

QUICK FACTS


This fund invests in units of the IA Clarington Monthly Income Balanced fund, which invests in fixed-income and equity securities.


IA Clarington Dividend Growth Class, Series I 17.03%IA Clarington Global Value Fund, Series I 13.37%IA Clarington U.S. Dividend Growth Fund, Series I 3.83%IA Clarington Growth & Income Fund, Class I 3.46%IA Clarington Emerging Markets Bond Fund, Series I 2.95%Government of Canada, 1.655%, 2020-04-02 2.63%Royal Bank of Canada 1.98%The Toronto-Dominion Bank 1.75%VanEck Vectors Gold Miners ETF 1.57%iShares MSCI Emerging Markets Index ETF 1.57%

Total 50.14%




AVERAGE RETURN


HOW RISKY IS IT?







IA Clarington GIF IA CLARINGTON MONTHLY INCOME BALANCED GIF



-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

3.73

-8.02

13.12

RISK LEVEL

LowLow to


high High


Canadian Equity 31.60%Short term and other 28.69%Foreign Equity 22.96%Canadian Bonds 16.00%Income Trust 0.53%Foreign Bonds 0.22%

Total 100.00%

12










Sales Charge Option















IA CLARINGTON MONTHLY INCOME BALANCED GIF

Guarantee OptionGuarantee A Guarantee BGuarantee C

Maturity100%75%75%

Death100%100%75%


3.56%2.90%2.60%


13


Date of first offer under IA Clarington GIF: May 12, 2016Total Fund Value: $9.7 millionNet Asset Value per Unit: Guarantee B $12.06 Guarantee C $12.31Number of Units Outstanding: 793,950

Management Expense Ratio (MER): Guarantee B 3.23%Guarantee C1 2.66%

Portfolio Advisor: VancityPortfolio Turnover Rate: 11.81% Minimum Investment: $500


The fund may be suitable for an investor who:• seeks a balanced, socially responsible portfolio, with the possibility for

capital appreciation• is planning to invest over the medium to long term.

QUICK FACTS


This fund invests in units of the IA Clarington Inhance Monthly Income SRI fund, which invests primarily in fixed-income and high yield equity securities of Canadian issuers which meet the manager’s socially responsible investment principles.


Genworth MI Canada Inc. 1.84%Exchange Income Corp. 1.80%Cineplex Inc. 1.79%Hannon Armstrong Sustainable Infrastructure Capital, Inc. 1.76%Fiera Capital Corporation 1.75%BSR Real Estate Investment Trust 1.70%Dream Industrial Real Estate Investment Trust 1.66%Northland Power Inc. 1.65%Labrador Iron Ore Royalty Corp. 1.63%Atlantica Yield PLC 1.60%

Total 17.18%



This section tells you how the fund has performed over the past years for a policyholder who chose Guarantee C. 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 guarantee option you choose, any changes you made to your investment and your personal tax situation.

AVERAGE RETURN


HOW RISKY IS IT?







IA Clarington GIF IA CLARINGTON INHANCE MONTHLY INCOME SRI GIF



-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

5.63

-6.85

14.53

RISK LEVEL

LowLow to


high High


Canadian Equity 42.67%Income Trust 24.63%Canadian Bonds 17.33%Foreign Equity 10.38%Short term and other 3.81%Foreign Bonds 1.18%

Total 100.00%

14










Sales Charge Option















IA CLARINGTON INHANCE MONTHLY INCOME SRI GIF

Guarantee OptionGuarantee B Guarantee C

Maturity75% 75%

Death100% 75%


3.23%2.66%


15




Portfolio Advisor: IA Clarington Investments Inc.Portfolio Turnover Rate: 5.54% Minimum Investment: $500


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

QUICK FACTS


This fund invests in units of the IA Clarington Strategic Equity Income fund, which primarily invests in high-quality dividend-paying common and preferred shares of Canadian and foreign corporation, income trust units and/or fixed income securities of Canadian and U.S. issuers.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

8.69

-5.81

8.44

16.71

9.62

-3.86

9.52

5.63

-5.83

14.11


IA Clarington GIF IA CLARINGTON STRATEGIC EQUITY INCOME GIF



RISK LEVEL

LowLow to


high High


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%

16










Sales Charge Option















IA CLARINGTON STRATEGIC EQUITY INCOME GIF



Death100%100% 75%


3.26%2.97%2.54%


17


Date of first offer under IA Clarington GIF: May 4, 2007Total Fund Value: $13.5 millionNet Asset Value per Unit: Guarantee A $16.26 Guarantee B $16.86 Guarantee C $22.44Number of Units Outstanding: 784,829




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

QUICK FACTS


This fund invests in units of the IA Clarington Dividend Growth Class, which primarily invests in common stocks of Canadian large capitalization companies which pay dividends and in other income generating securities.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10.59

-4.52

6.42

13.85

8.37

-5.22

17.01

5.92

-8.60

17.25


IA Clarington GIF IA CLARINGTON DIVIDEND GROWTH GIF



RISK LEVEL

LowLow to


high High


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%

18










Sales Charge Option















IA CLARINGTON DIVIDEND GROWTH GIF



Death100%100% 75%


3.37%3.03%2.61%


19






The fund may be suitable for an investor who:• 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

QUICK FACTS


This fund invests in units of the IA Clarington Canadian Conservative Equity fund, which invests primarily in equity securities of Canadian companies and in other income generating securities.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-20

-10

0

10

20

30

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

12.42

1.30

4.69

8.46

3.92

-17.72

22.09

1.27

-6.58

17.46


IA Clarington GIF IA CLARINGTON CANADIAN CONSERVATIVE EQUITY GIF



RISK LEVEL

LowLow to


high High


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

Total 100.00%

20










Sales Charge Option















IA CLARINGTON CANADIAN CONSERVATIVE EQUITY GIF



Death100%100% 75%


3.58%3.28%2.57%


21




Portfolio Advisor: QV Investors Inc.Portfolio Turnover Rate: 2.70%Minimum Investment: $500


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

QUICK FACTS


This fund invests in units of the IA Clarington Canadian Small Cap fund, which invests primarily in equity securities of small capitalization Canadian companies.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

12.62

-4.39

19.08

35.91

4.69

-7.72

21.16

0.89

-13.25

14.06


IA Clarington GIF IA CLARINGTON CANADIAN SMALL CAP GIF



RISK LEVEL

LowLow to


high High


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

Total 100.00%

22










Sales Charge Option















IA CLARINGTON CANADIAN SMALL CAP GIF



Death100%100% 75%


3.99%3.61%3.02%


23






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

QUICK FACTS


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.


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%




AVERAGE RETURN


HOW RISKY IS IT?







IA Clarington GIF IA CLARINGTON U.S. DIVIDEND GROWTH GIF



-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.05

-9.02

17.49

RISK LEVEL

LowLow to


high High


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

Total 100.00%

24










Sales Charge Option















IA CLARINGTON U.S. DIVIDEND GROWTH GIF

Guarantee OptionGuarantee A Guarantee BGuarantee C


Death100% 100% 75%


4.03%3.56%2.70%


25




Portfolio Advisor: QV Investors Inc.Portfolio Turnover Rate: 16.36% Minimum Investment: $500


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

QUICK FACTS


This fund invests in units of the IA Clarington Global Equity fund, which invests in a portfolio consisting primarily of equity securities of businesses located around the world.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

7.30

-5.87

11.44

19.74

6.76 7.37 6.74

10.93

-6.40

7.48


IA Clarington GIF IA CLARINGTON GLOBAL EQUITY GIF



RISK LEVEL

LowLow to


high High


United States 56.80%Europe 36.83%Asian & Pacific 4.34%Short Term and Others 2.03%

Total 100.00%

26










Sales Charge Option















IA CLARINGTON GLOBAL EQUITY GIF



Death100%100% 75%


3.98%3.53%2.71%


27







QUICK FACTS


This fund invests in units of the IA Clarington Global Value fund, which invests primarily in equity of large capitalization international corporations that are considered leaders in their respective industries and offer strong growth prospects.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

3.82

-10.94

10.12

30.27

9.44

18.81

-4.84

12.74

-10.34

16.06


IA Clarington GIF IA CLARINGTON GLOBAL VALUE GIF



RISK LEVEL

LowLow to


high High


United States 60.13%Europe 23.83%Asian & Pacific 13.36%Short Term and Others 2.38%Middle East & Africa 0.30%

Total 100.00%

28










Sales Charge Option















IA CLARINGTON GLOBAL VALUE GIF



Death100%100% 75%


3.98%3.57%2.70%


29




Portfolio Advisor: Radin Capital Partners Inc.Portfolio Turnover Rate: 9.06% Minimum Investment: $500



QUICK FACTS


This fund invests in units of the IA Clarington Global Opportunities fund, which invests primarily in equity securities of companies around the world.


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%




AVERAGE RETURN


HOW RISKY IS IT?






-20

0

20

40

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

6.65

-11.55

3.18

35.42

8.09 8.31

0.88

5.75

-14.54

-1.24


IA Clarington GIF IA CLARINGTON GLOBAL OPPORTUNITIES GIF



RISK LEVEL

LowLow to


high High


Asian & 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%

30










Sales Charge Option















IA CLARINGTON GLOBAL OPPORTUNITIES GIF



Death100%100% 75%


4.01%3.54%2.71%


31






The fund may be suitable for an investor who:• seeks the potential for a combination of income and capital growth• seeks diversification across asset class, investment style, geography

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

QUICK FACTS


This fund invests in units of the Distinction Conservative Class, which invests primarily in a diversified portfolio of other mutual fund with an emphasis toward Canadian income, balanced and growth funds.

Top 10 investments of the underlying mutual fundIA Clarington Bond Fund, Series I 23.71%IA Clarington Strategic Equity Income Fund, Series I 14.87%IA Clarington Canadian Conservative Equity Fund, Series I 9.91%IA Clarington Canadian Dividend Fund, Series I 9.87%IA Clarington Core Plus Bond Fund, Series I 8.93%IA Clarington Global Equity Fund, Series I 5.95%IA Clarington Global Bond Fund, Series I 4.98%IA Clarington Emerging Markets Bond Fund, Series I 4.96%IA Clarington Global Opportunities Fund, Series I 4.96%IA Clarington Strategic Corporate Bond Fund, Series I 4.47%IA Clarington International Equity Fund, Series I 2.96%IA Clarington U.S. Dividend Growth Fund, Series I 1.73%iA Clarington U.S. Equity Opportunities Fund, Series I 1.71%Other Assets 0.99%

Total 100.00%Total investments of the underlying mutual fund: 13



HOW RISKY IS IT?





-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-2.87

4.87

10.21

6.86

0.27

5.03

3.54

-5.23

9.14


IA Clarington GIF IA CLARINGTON DISTINCTION CONSERVATIVE PORTFOLIO GIF



RISK LEVEL

LowLow to


high High


Income 47.05%Canadian Equity 34.65%Global Equity 13.86%Others 4.44%

Total 100.00%

32










Sales Charge Option















IA CLARINGTON DISTINCTION CONSERVATIVE PORTFOLIO GIF



Death100%100% 75%


3.18%2.87%2.75%


33






The fund may be suitable for an investor who:• seeks the potential for a combination of income and capital growth• invests with below average risk tolerance• is planning to invest for the medium to long term

QUICK FACTS

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Distinction Balanced Class, which invests primarily in a diversified portfolio of other mutual funds with the emphasis toward Canadian balanced, Canadian equity growth and specialty growth funds.

Top 10 investments of the underlying mutual fundIA Clarington Bond Fund, Series I 18.87%IA Clarington Strategic Equity Income Fund, Series I 13.94%IA Clarington Canadian Conservative Equity Fund, Series I 7.97%IA Clarington Canadian Dividend Fund, Series I 7.93%IA Clarington Global Equity Fund, Series I 7.45%IA Clarington Global Opportunities Fund, Series I 7.44%IA Clarington Strategic Corporate Bond Fund, Series I 5.99%IA Clarington Canadian Small Cap Fund, Series I 5.00%IA Clarington Global Bond Fund, Series I 5.00%IA Clarington Core Plus Bond Fund, Series I 4.98%IA Clarington Emerging Markets Bond Fund, Series I 4.97%IA Clarington International Equity Fund, Series I 4.46%IA Clarington U.S. Dividend Growth Fund, Series I 2.73%iA Clarington U.S. Equity Opportunities Fund, Series I 2.71%Other Assets 0.56%

Total 100.00%




HOW RISKY IS IT?





-10

-5

0

5

10

15

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-3.36

5.39

13.19

6.64

0.66

6.84

4.07

-6.30

9.27


IA Clarington GIF IA CLARINGTON DISTINCTION BALANCED PORTFOLIO GIF



RISK LEVEL

LowLow to


high High


Income 39.80%Canadian Equity 34.84%Global Equity 19.35%Others 6.01%

Total 100.00%

34










Sales Charge Option















IA CLARINGTON DISTINCTION BALANCED PORTFOLIO GIF



Death100%100% 75%


3.36%2.96%2.95%


35






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

QUICK FACTS

WHAT DOES THIS FUND INVEST IN?This fund invests in units of the Distinction Growth Class, which invests primarily in a diversified portfolio of other mutual funds with the emphasis toward Canadian and international equity funds, as well as specialty funds.


IA Clarington Strategic Equity Income Fund, Series I 15.33%IA Clarington Canadian Conservative Equity Fund, Series I 10.94%IA Clarington Canadian Dividend Fund, Series I 10.88%IA Clarington Global Equity Fund, Series I 9.90%IA Clarington Global Opportunities Fund, Series I 9.84%IA Clarington Strategic Corporate Bond Fund, Series I 7.93%IA Clarington Canadian Small Cap Fund, Series I 7.52%IA Clarington Global Bond Fund, Series I 6.95%IA Clarington Emerging Markets Bond Fund, Series I 4.96%IA Clarington Bond Fund, Series I 4.89%IA Clarington International Equity Fund, Series I 4.44%iA Clarington U.S. Equity Opportunities Fund, Series I 2.75%IA Clarington U.S. Dividend Growth Fund, Series I 2.73%Other Assets 0.94%

Total 100.00%Total investments of the underlying mutual fund: 13



HOW RISKY IS IT?





-10

0

10

20

%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

-7.56

6.63

17.77

7.02

-0.27

8.93

4.55

-7.70

10.34


IA Clarington GIF IA CLARINGTON DISTINCTION GROWTH PORTFOLIO GIF



RISK LEVEL

LowLow to


high High


Canadian Equity 44.67%Income 24.73%Global Equity 24.18%Others 6.42%

Total 100.00%

36










Sales Charge Option















IA CLARINGTON DISTINCTION GROWTH PORTFOLIO GIF



Death100%100% 75%


3.59%3.10%3.02%


37

Industrial Alliance Insurance and Financial Services Inc. is the sole issuer of the individual variable annuity contract providing for investment in iA Clarington GIFs. A description of the key features of the individual variable annuity contract is contained in the iA Clarington GIF Information folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEE, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE POLICYHOLDER AND MAY INCREASE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE SEGREGATED FUND. iA Clarington GIF is a trademark of Industrial Alliance Insurance and Financial Services Inc. iA Clarington and the iA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.

INVESTED IN YOU.

(20-

0352

) 06/

20

IA Clarington Investments Inc. Administrationc/o International Financial Data Services (Canada) Limited30 Adelaide Street East, Suite 1, Toronto, ON M5C 3G9

Client ServicesPhone: 800-530-0204 | Fax: 866-506-9884

Toronto Office522 University Avenue, Suite 700, Toronto, ON M5G 1Y7Phone: 888-860-9888 | Fax: 416-860-9884

[email protected] | www.iaclarington.com

rider to the ia clarington guaranteed investment … · this rider amends the folder in accordance...

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