Guaranteed Investment Funds
april 2017
april 2017
Contract and Information Folder
Financial information as of December 31, 2016
This document contains the Contract, a description of the investments,
terms applicable under the Contract, as well as other information
on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2.
Choosing Desjardins...
HELIOS2 – Contract and Information Folder
is choosing Desjardins Group, the largest cooperative financial group in
Canada whose financial stability is recognized by the following credit
ratings which are comparable, if not superior to those of the five largest
Canadian banks and insurance companies:
• Standard and Poor’s A+
• Moody’s Aa2
• Dominion Bond Rating Service AA
• Fitch AA-
DESJARDINS INSURANCE
The Contract and Information Folder contains important information on the Desjardins Financial Security
Guaranteed Investment Funds Plan – Helios2 and the DFS Guaranteed Investment Funds. Please read
it carefully before investing.
Helios2 is a trademark owned by Desjardins Financial Security Life Assurance Company. DFS
Guaranteed Investment Funds is a registered trademark owned by Desjardins Financial Security Life
Assurance Company. DFS Guaranteed Investment Funds are established by Desjardins Financial Security
Life Assurance Company.
DFS stands for Desjardins Financial Security.
® Registered trademark owned by Desjardins Financial Security Life Assurance Company
This document is printed on Rolland Enviro paper.
100%
15401_Anglais-NoticeExplicative_2017_C1C4 C2C3_FINALE.indd 1
13188E (2017-04)
Desjardins Insurance refers to Desjardins Financial Security
Life Assurance Company.
DFS Guaranteed Investment Funds are established by
Desjardins Financial Security Life Assurance Company.
Desjardins Insurance refers to Desjardins Financial Security
Life Assurance Company.
17-03-22 15:13
What This Document Contains
This document contains information about the Helios2
Contract and the Desjardins Financial Security Guaranteed
Investment Funds Plan – Helios2. Please read it carefully
before you decide to purchase this Contract.
Subject to any applicable guarantees, any part of the
Deposit or other amount that is allocated to a segregated
fund is invested at the risk of the Owner and may increase
or decrease in value.
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17-03-22 15:13
Please note that our defined terms are found in the Glossary.
This summary provides a brief description of the basic things you
should know before you apply for this individual variable insurance
contract. This summary is not your Contract. A full description of
all the features and how they work is contained in this document.
You should review this and ask your representative any questions
you have.
WHAT AM I PURCHASING?
The Helios2 Contract is an insurance contract. It is between you
and Desjardins Financial Security Life Assurance Company. It is
called the Desjardins Financial Security Guaranteed Investment
Funds Plan – Helios2. You have choices to make when you buy it.
You must choose:
• A Guarantee (Helios2 – 75/75 OR Helios2 – 75/100 i OR
Helios2 – 75/100 GLWB)
• Funds
• A registered or a non-registered Contract (RRSP, RRIF, TFSA, etc.)
• Who will own this Contract
• A Series and a Fee Option
You may also tell us:
• Who you want to receive the Death Benefit
These choices can have an impact on the taxes that you may have
to pay.
Please read this document carefully and ask your representative
any questions that you have.
The value of this Contract can go up or down subject to the
guarantees.
WHAT GUARANTEES ARE AVAILABLE?
You get maturity and death benefit guarantees. These guarantees
help protect your Deposits.
You have to pick the guarantee that you want. You have
3 Guarantees to pick from:
• Helios2 – 75/75
• Helios2 – 75/100 i
• Helios2 – 75/100 GLWB
You must pay different fees for each Guarantee.
Any withdrawals you make will reduce the guarantees. For
full details, please see the “Surrenders and Withdrawals”
section of this document.
Maturity Benefit Guarantees
Your Maturity Benefit protects the value of your Deposits at maturity, on the Annuitant’s (life assured’s) 105th birthday. Any withdrawals
you make will reduce your Maturity Benefit.
See the Guarantees section for more information. The Guarantee you pick is very important. Ask your representative for help.
Helios2 – 75/75
Maturity Benefit
Helios2 – 75/100 i
Helios2 – 75/100 GLWB
The greater of:
• the market value of the Units attributed to this Contract, OR;
• 75% of the Deposits less adjustments for withdrawals.
Death Benefit Guarantees
The Death Benefit protects the value of your Deposits if the Annuitant (life assured) dies. We pay the Death Benefit to the person you
name. Any withdrawals you make will reduce your Death Benefit.
Death Benefit
Helios2 – 75/75
Helios2 – 75/100 i
Helios2 – 75/100 GLWB
The greater of:
• the market value of the Units
attributed to this Contract, OR;
• 75% of the Deposits less
adjustments for withdrawals.
The greater of:
The greater of:
• the market value of the Units
• the market value of the Units
attributed to this Contract, OR;
attributed to this Contract, OR;
• 100% of the Deposits (adjusted • 100% of the Deposits less
with inflation up to age 75) less
adjustments for withdrawals.
adjustments for withdrawals.
Helios2 – 75/100 i has automatic resets of the Death Benefit every year until the Annuitant’s (life assured’s) 75th birthday. The Death
Benefit may be increased each year by the Inflation Rate.
If you select Helios2 – 75/100 i, you will pay additional fees.
Until the Annuitant’s (life assured’s) 80th birthday, Helios2 – 75/100 GLWB has automatic resets of the Death Benefit every 3 years. If you
select Helios2 – 75/100 GLWB, you will pay additional fees.
Contract and Information Folder – April 2017
1
key facts
Key Facts
Lifetime Withdrawal Guarantee
If you select Helios2 – 75/100 GLWB as your Guarantee, there is
a lifetime withdrawal component. These withdrawals will last the
entire life of the Annuitant (life assured).
You will pay more in fees for this Guarantee. Only a selection of
our Funds is offered with this Guarantee.
Any withdrawals will reduce the Guaranteed Amounts under this
Contract. Furthermore, any withdrawals you make in excess of the
GLWB Maximum Amount will impact the future withdrawals that
you may be entitled to make.
The amount of your Deposits and the age of the Annuitant(s)
(life assured) will affect the withdrawals you may be entitled
to get. You may be able to increase your withdrawals through
bonuses and resets. If you withdraw more than permitted, this may
decrease your future withdrawals.
This Guarantee may not be suitable for everyone.
For full details on how the Guarantees work, please see
the “Guarantees” and “Surrenders and Withdrawals”
sections of this document.
WHAT FUNDS ARE AVAILABLE?
You can find information about each Fund in the Fund Facts
section of this document. Read the Fund Facts pages of each of
the Funds.
If you select Helios2 – 75/100 GLWB, only a selection of our Funds
is offered with this Guarantee.
The performance of the Funds is not guaranteed. Think carefully
about how you feel about risk when choosing Funds.
Ask your representative for help in choosing Funds to suit your needs.
HOW MUCH WILL THIS COST?
Your choice of Guarantee, Funds, Series and Fee Option affect
your costs.
You will pay fees based on the Guarantee, Series and Funds you
choose. For all Guarantees, fees are deducted from the Funds.
They are shown as Management Expense Ratios (MERs) on each
of the Fund Facts pages of this document. These fees include
applicable sales taxes.
If you select the Series 6B or Series 6C Fee Options, depending on
the amount of time since you made a Deposit(s) to this Contract,
you may have to pay a surrender charge when you take money out
of the Contract. See the “Charges and Fees” section for more
information.
If you select either Helios2 – 75/100 GLWB or Helios2 – 75/100 i as
your Guarantee, you will pay additional fees.
2
WHAT CAN I DO AFTER I PURCHASE THIS
CONTRACT?
Deposits
You can add more money to this Contract. See the “Limitations
on Deposits” and the specific limitations applicable for each of
the Guarantees sections for more information.
Switches
You can move money from one Fund to another Fund provided
that the Funds you select are offered with the Guarantee you have
chosen. Only a selection of our Funds is offered with Helios2 –
75/100 GLWB. See the “Fund Switch Privilege” section for
more information.
Surrenders
You can ask to take money out of this Contract. Surrenders will
reduce your guarantees. You may have to pay fees or taxes. See
the “Surrenders and Withdrawals” and “Charges and
Fees” sections for more information.
Annuity
At a certain time, unless you choose another option, we will start
making life annuity payments to you or the person you designate.
See the “Annuity Provisions” section for more information.
You have the rights we describe in this document.
Certain restrictions and other conditions may apply. Read
this document carefully and ask your representative any
questions you may have.
WHAT INFORMATION WILL I RECEIVE
ABOUT MY CONTRACT?
For each Fund that you have invested in, at least once a calendar
year, we will tell you in writing:
• Any new Deposits you made that calendar year
• The value of your Deposits
• How many Units have been attributed to you in each Fund, and
• Other transactions you made that calendar year.
You can ask for the financial statements of our Funds. We update
these documents twice a calendar year. You can also find them on
our website.
CAN I CHANGE MY MIND?
Yes, you can. If you change your mind, you have the right to:
• Cancel this Contract
• Cancel any Deposits you made, or
• Reverse certain investment decisions.
If you want to do any of these, you have to tell us in writing within
2 business days of the earlier of:
• Receiving a confirmation from us; or
• 5 business days after the confirmation has been sent.
Contract and Information Folder – April 2017
key facts
The amount returned will be the lesser of your Deposit or its
value, if it has gone down. If you cancel, the amount returned will
include a refund of all fees you paid.
If you change your mind about a specific purchase, the right to
cancel only applies to that purchase.
WHERE CAN I GET MORE INFORMATION
OR HELP?
Our mailing address is:
Desjardins Financial Security
Guaranteed Investment Funds Administration
1 Complexe Desjardins
P.O. Box 9000
Montreal, Quebec
H5B 1H5
Our telephone number is 1-888-729-3422. Our fax number is
1-888-926-2987. Or you can send us an email at
[email protected].
Go to our website at desjardinslifeinsurance.com for even more
information.
If there are problems that we cannot solve together and you need
help, contact the OmbudService for Life & Health Insurance. Their
phone number is 1-888-295-8112. Or you can also go to their
website at olhi.ca for help.
For information on the additional protection you have as a
holder of a life insurance contract, contact Assuris. Go to
assuris.ca. Assuris is a company established by Canadian
member insurance companies. We are a member company.
The insurance regulator in your province can also help.
Visit the Canadian Council of Insurance Regulators website at
ccir-ccrra.org to find them.
In the province of Quebec, the insurance regulator is the Autorité
des marchés financiers (AMF). For information about handling
issues you are unable to resolve with your insurer, contact
the Information Centre of the AMF at 1-877-525-0337 or at
[email protected].
Contract and Information Folder – April 2017
3
Desjardins Financial Security
Life Assurance Company
Desjardins Financial Security Life Assurance Company
specializes in providing financial security through a sound
combination of insurance and investment products. Over
five million Canadians from coast to coast rely on Desjardins
Financial Security to protect and grow their capital. A
subsidiary of Desjardins Group, the largest integrated
cooperative financial group in Canada, with $258.4 billion
in assets as of December 31, 2016, Desjardins Financial
Security has offices in Vancouver, Calgary, Winnipeg,
Toronto, Ottawa, Montreal, Quebec, Lévis, Halifax
and St. John’s.
The head office of the Company is located at 200, rue des
Commandeurs, Lévis, Quebec, G6V 6R2, and we have a
place of business at 1 Complexe Desjardins, P.O. Box 9000,
Montreal, Quebec, H5B 1H5.
The Desjardins Financial Security
Guaranteed Investment Funds Plan –
Helios2
We certify that this document includes the policy contract and
provides brief and plain disclosure of all material facts relating to
the variable life annuity policy evidenced by the Contract called
the Desjardins Financial Security Guaranteed Investment Funds
Plan – Helios2, which is issued by Desjardins Financial Security
Life Assurance Company. The Company intends to engage in the
continuous sale of individual variable annuity contracts under the
Desjardins Financial Security Guaranteed Investment Funds Plan.
Gregory Chrispin
President and Chief Operating Officer, Life and Health Insurance
The contracts issued under the Desjardins Financial Security
Guaranteed Investment Funds Plan are sold through
licensed life insurance representatives in Canada.
Éric Landry
Vice-President, Investment Solutions
Helios2 and Desjardins Financial Security Guaranteed Investment Funds Plan –
Helios2 are trademarks owned by Desjardins Financial Security Life Assurance
Company. Desjardins Financial Security Guaranteed Investment Funds and DFS
Guaranteed Investment Funds are registered trademarks owned by Desjardins
Financial Security Life Assurance Company.
4
Contract and Information Folder – April 2017
Table of Contents
Description of this Contract . . . . . . . . . . . . . . . . . . . . . . 7
Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Notice and Instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
List of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Example of the Effect of Deposits on the inflation
adjusted value and Minimum Death Benefit Amount . . . . . . 22
Example of the Effect of Proportional Withdrawals on the
Minimum Death Benefit Amount and inflation adjusted value . 22
Helios2 – 75/100 GLWB . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Limitations on Deposits for Helios2 – 75/100 GLWB . . . . . . . . . 23
Maturity Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Example of the effect of Deposits and Surrenders
on the Minimum Maturity Benefit Amount and
the Minimum Death Benefit Amount . . . . . . . . . . . . . . . . . . . 24
Guaranteed Lifetime Withdrawal Benefit definitions . . . . . . . . 24
GLWB Maximum Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Adjustments to the GLWB Maximum Amount . . . . . . . . . . . . 25
GLWB Protected Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Example of Adjustments to the GLWB Protected Value . . . . . 25
GLWB Bonus Base . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Example of Adjustments to the GLWB Bonus Base . . . . . . . . . 26
GLWB Bonus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Example of the GLWB Bonus applied to the GLWB
Protected Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
GLWB Bonus Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
GLWB Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . 27
Adjustments to the GLWB Withdrawal Percentage . . . . . . . . . 27
Example of Adjustments to the GLWB
Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
GLWB Excess Withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Example of GLWB Excess Withdrawals on the Minimum
Maturity Benefit Amount, Minimum Death Benefit Amount,
GLWB Protected Value and GLWB Bonus Base . . . . . . . . . . . . 29
GLWB Eligible Withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Guaranteed Payment Phase . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Fundamental Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Our Agreement with You . . . . . . . . . . . . . . . . . . . . . . . . 9
Additional Information for residents of Alberta
and British Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Changing your Mind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Fund Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
How to make a Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Choices for Allocation of Deposits . . . . . . . . . . . . . . . . . . . . . 10
Deposits and Attribution of Units . . . . . . . . . . . . . . . . . . . . . . 11
Limitations on Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Pre-Authorized Debit (PAD) Agreement . . . . . . . . . . . . . . . . 11
Units of a Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Value of this Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Fund Switch Privilege . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Surrenders and Withdrawals . . . . . . . . . . . . . . . . . . . . 13
General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Limitations on Surrenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Systematic Withdrawal Program (including RRIFs) . . . . . . . . 14
Short-term Trading Fees . . . . . . . . . . . . . . . . . . . . . . . . . 14
Compensation Paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Charges and Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
(A) Charges to the Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . .
At the Time of Surrender . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Waiver of Surrender Charges Applicable to Units
under the Series 6B or Series 6C Fee Options . . . . . . . . . . . . .
Monthly Fees for a Selected Guarantee . . . . . . . . . . . . . . . . .
15
15
15
15
(B) Charges to the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Management Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
MER (Management Expense Ratio) . . . . . . . . . . . . . . . . . . . . . 16
Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Helios2 – 75/75 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Limitations on Deposits for Helios2 – 75/75 . . . . . . . . . . . . . . . 19
Maturity Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Example of the calculation of the Minimum Maturity
Benefit Amount and Minimum Death Benefit Amount
and the impact of Deposits and Surrenders . . . . . . . . . . . . . . 20
Helios2 – 75/100 i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Limitations on Deposits for Helios2 – 75/100 i . . . . . . . . . . . . . 20
Maturity Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Example of the Effect of Deposits and Surrenders on
the Minimum Maturity Benefit Amount . . . . . . . . . . . . . . . . . 21
Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Description of the Inflation Adjusted Value . . . . . . . . . . . . . . . 21
Contract and Information Folder – April 2017
table of contents
CONTRACT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Options after the day the Annuitant
attains age 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Annuity Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
Annuity Prior to the day the Annuitant attains age 105 . . 30
Annuity on the day the Annuitant attains age 105 . . . . . . 30
Loan and Non-Forfeiture Options . . . . . . . . . . . . . .
30
Creditor Protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
Non-registered Contracts . . . . . . . . . . . . . . . . . . . . . . .
30
Joint Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
A) Joint Ownership with Right of Survivorship
(except Quebec) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
B) Subrogated Owner (Quebec only) . . . . . . . . . . . . . . . . . . . . 30
Joint Annuitants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Contingent Owner
(Subrogated Owner in Quebec) . . . . . . . . . . . . . . . . . 31
Registered Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
RRSPs and Other Registered Plans . . . . . . . . . . . . . . . 31
RSP Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
RIF Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
TFSA Endorsement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
5
Locked-in Pension Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
RSP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
RIF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Value of the Funds and the Units . . . . . . . . . . . . . . . . 34
Income Allocations for Tax Purposes . . . . . . . . . . . . 35
Fund Facts –
Desjardins Financial Security
Guaranteed Investment Funds . . . . . . . . . . . . . 71
DFS GIF – Conservative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
DFS GIF – Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
DFS GIF – Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
Tax Status of the Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
DFS GIF – Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
Tax Status of Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
DFS GIF – Maximum Growth . . . . . . . . . . . . . . . . . . . . . . . . 84
Contract held in a Nominee or Intermediary
Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
DFS GIF – Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
Assignment of Obligations by the Company . . . . 36
DFS GIF – Canadian Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93
Limitations on Assignment . . . . . . . . . . . . . . . . . . . . . . 36
Closing of Funds, Series, or Fee Options . . . . . . . . 36
OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Management of the Funds . . . . . . . . . . . . . . . . . . . . . . 37
Material Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Interest of Management and Others in Material
Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
DFS GIF – Income – Fiera Capital . . . . . . . . . . . . . . . . . . . . . 90
DFS GIF – Diversified Income – Franklin Quotential . . . . . . . . 96
DFS GIF – Balanced Income – Franklin Quotential . . . . . . . . . 99
DFS GIF – Canadian Balanced – Fidelity . . . . . . . . . . . . . . . . 102
DFS GIF – U.S. Monthly Income – Fidelity . . . . . . . . . . . . . . . 105
DFS GIF – Balanced – Desjardins SocieTerra . . . . . . . . . . . . . 108
DFS GIF – Global Balanced – Jarislowsky Fraser . . . . . . . . . . 111
DFS GIF – Canadian Balanced – Fiera Capital . . . . . . . . . . . . 114
DFS GIF – Canadian Balanced – Franklin Bissett . . . . . . . . . . 117
DFS GIF – Balanced Growth – Franklin Quotential . . . . . . . . 120
DFS GIF – Canadian Balanced – CI Signature . . . . . . . . . . . . 123
Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
DFS GIF – Income and Growth – CI Signature . . . . . . . . . . . . 126
Other Material Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
DFS GIF – Growth and Income – NEI Northwest . . . . . . . . . . 129
ANNEX A
DFS GIF – Canadian Asset Allocation – CI Cambridge . . . . . 135
GLWB Bonus Rate and GLWB
Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . 39
DFS GIF – Dividend Income – Franklin Bissett . . . . . . . . . . . . 141
GLWB Bonus Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
GLWB Withdrawal Percentage . . . . . . . . . . . . . . . . . . . . . . . . . 39
GLWB Withdrawal Percentage Table . . . . . . . . . . . . . . . . . . . . 39
DFS GIF – Global Growth – NEI Select . . . . . . . . . . . . . . . . . 132
DFS GIF – Growth – Franklin Quotential . . . . . . . . . . . . . . . . 138
DFS GIF – Canadian Dividend – NEI Northwest . . . . . . . . . . . 144
DFS GIF – Canadian Equity – Jarislowsky Fraser . . . . . . . . . . 147
DFS GIF – Canadian Equity – Fidelity True North® . . . . . . . . . 150
DFS GIF – Canadian Equity – Franklin Bissett . . . . . . . . . . . . 153
DFS GIF – Specialty Equity – NEI Northwest . . . . . . . . . . . . . 156
ANNEX B
DFS GIF – Small Cap – Franklin Bissett . . . . . . . . . . . . . . . . . 159
Helios2 – 75/100 GLWB Case Studies . . . . . . . . . . . . . 41
DFS GIF – American Equity – MFS . . . . . . . . . . . . . . . . . . . . . 162
Helios2 – 75/100 GLWB at retirement . . . . . . . . . . . . 41
DFS GIF – American Equity Value – Desjardins . . . . . . . . . . . 165
Helios2 – 75/100 GLWB prior to retirement . . . . . . 43
INVESTMENT INFORMATION . . . . . . . . . . . . . . . . . . . . . 45
DFS GIF – Global Dividend – Desjardins . . . . . . . . . . . . . . . . 168
DFS GIF – Global Equity – MFS . . . . . . . . . . . . . . . . . . . . . . . 171
DFS GIF – International Equity – MFS . . . . . . . . . . . . . . . . . . 174
DFS GIF – International Equity Growth – Desjardins . . . . . . . 177
Investment Policies for the Funds . . . . . . . . . . . . . . . 45
Investment Policies for All Funds . . . . . . . . . . . . . . . . . . . . . . . 47
Principal Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Market Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Special Equities Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Interest Rate Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Foreign Currency Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Sovereign Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Derivatives Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Investment Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Individual Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Income Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Balanced and Asset Allocation Funds . . . . . . . . . . . . . . . . . . . . 57
Canadian Equity Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
Foreign Equity Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
6
Contract and Information Folder – April 2017
Contract
Description of this Contract
The Helios2 Contract is an individual variable annuity contract under which the benefits depend upon the performance
of the Desjardins Financial Security Guaranteed Investment Funds (DFS GIF). It is offered by Desjardins Financial
Security Life Assurance Company. “Desjardins Financial Security”, “DFS” or “the Company” means Desjardins Financial
Security Life Assurance Company. It is designed to provide you with an opportunity to attain your financial goals by
making Deposits, which the Company will invest in the Funds you select.
The meanings of certain terms used in this document are as
follows:
“Administrative Rules” means the internal rules that govern
our operations, including policies, guidelines, rules and practices of
the Company, which can be changed at the sole discretion of the
Company;
“Annuitant” means the person or persons in the event of whose
death(s) the Death Benefit is payable whereupon this Contract
and any applicable guarantees attached to it will end. It is the
person or persons (in the case there is more than one Annuitant)
whose name(s) appear(s) as “Owner” on an application accepted
by the Company unless otherwise specified in such application.
For the purposes of calculating the Death Benefit and all other
Guarantees, the measuring life will be deemed to be the younger
Annuitant. In the case where there is more than one Annuitant,
the Death Benefit is payable on the death of the last survivor and
any other guarantees will end on the death of the last survivor.
For all registered plans, the Annuitant will always be the Owner of
this Contract;
“Beneficiary” means the person you designate to receive the
Death Benefit under this Contract;
“CIFSC” means the Canadian Investment Funds Standards
Committee, which provides standardized fund classification
categories that are subject to change without Notification;
“Contract” means the contract application, the present individual
variable insurance Contract, items 1 (Company, Contract and Fund
names), 2 (Quick Facts), 5 (How risky is it?), 8 (How much does
it cost?) and 9 (What if I change my mind?) of the attached Fund
Facts pages;
“Contract Anniversary Date” means the anniversary of the
Valuation Date of your first Deposit;
“Cut-Off Time” means a time on each Market Day when trading
on the Toronto Stock Exchange ends, generally 4 pm (EST);
“Death Benefit” means the greater of the value of the Units
attributed to this Contract or the Minimum Death Benefit Amount,
applicable for the Guarantee selected, upon the death of the
Annuitant, as described in the section “Guarantees”;
Contract and Information Folder – April 2017
“Deposit” or “Deposits” means the gross premium, which
is the sum of money, paid to the Company for the purpose
of attributing Units to this Contract; or other amount paid
or payable to this Contract. For a more detailed description,
please refer to the sections “Deposits”, “Limitations on
Deposits”, “Limitations on Deposits for Helios2 –
75/75”, “Limitations on Deposits for Helios2 – 75/100 i”,
“Limitations on Deposits for Helios2 – 75/100 GLWB”,
and “Guarantees”;
contract
Glossary
“Desjardins Financial Security Guaranteed Investment
Funds Plan” or “Plan” means the Desjardins Financial Security
Guaranteed Investment Funds Plan and includes the present
Helios2 Contract;
“Fee Option” means the option chosen by you within Series 6
or 7 being a choice of no load (Series 6A or Series 7A), low load
sales charge (Series 6B) or deferred sales charge (Series 6C) as
described in the section titled “Charges and Fees”;
“Fund” or “Funds” means any Fund established by the Company
under the Helios2 Contract and which is available for a specific
Guarantee or benefit consisting of a specified group of assets;
“Guarantee” or “Guarantees” means the Guarantee which you
have chosen, being a choice of Helios2 – 75/75, Helios2 – 75/100 i
or Helios2 – 75/100 GLWB as described in the section titled
“Guarantees”;
“Guaranteed Amount” or “Guaranteed Amounts” means
the Minimum Death Benefit Amount and the Minimum Maturity
Benefit Amount of a Contract which the Company guarantees to
pay to the Owner or the Beneficiary regardless of fluctuations in
the market value of the Funds;
“Holder” means for a TFSA plan, the individual who entered
into the TFSA arrangement with Desjardins Financial Security and
whose name appears as “Holder” on a TFSA application accepted
by the Company. The Holder of the TFSA is also the Annuitant as
described in this Contract for the purposes of calculating the Death
Benefit and any applicable guarantees attached to this Contract in
the event of death;
“Income Tax Act” means the Income Tax Act (Canada) and also,
where the context requires, the corresponding provincial income
tax legislation;
7
“Inflation Rate” means for the purpose of calculating the
Minimum Death Benefit Amount for Helios2 – 75/100 i, the
amount by which we annually adjust the amount of your Deposit
for inflation on a compound basis. The Inflation Rate is equal to
the change in percentage of the Canadian Consumer Price Index
(CPI) as reported by Statistics Canada for the prior one-year period
ending November 30th. The Inflation Rate is subject to a maximum
of 5% and a minimum of 0%. See the “Guarantees” section for
more information;
“Management Fee” means the fees charged to a Fund and
which includes the Management Fees charged by the Company and
any underlying fund(s) as described in the section “Charges and
Fees”. There is no duplication of Management Fees charged by the
Company;
“Market Day” means a day when the Toronto Stock Exchange is
open for business;
“Maturity Benefit” means the greater of the value of the Units
attributed to this Contract on the day the Annuitant attains age
105 or the Minimum Maturity Benefit Amount applicable for the
Guarantee selected as described in the section “Guarantees”;
“Minimum Death Benefit Amount” means the amount we
calculate for purposes of determining the death benefits under
Helios2 – 75/75, Helios2 – 75/100 i or Helios2 – 75/100 GLWB as
described in the section titled “Guarantees”;
“Minimum Maturity Benefit Amount” means the amount we
calculate for purposes of determining the maturity benefits under
Helios2 – 75/75, Helios2 – 75/100 i or Helios2 – 75/100 GLWB as
described in the section titled “Guarantees”;
“Notice” or “Notification” means any written communication
by us to you;
“Owner” means a person or legal entity whose name appears
as “Owner” or “Co-Owner” in the “Owner” section of the
contract application, which has been accepted by the Company
and is a party to the Desjardins Financial Security Guaranteed
Investment Funds Plan – Helios2 Contract. The Owner will receive
the benefits of the annuity unless a third party is designated by
the Owner to receive such benefits. Also the “Holder”, “you” and
“your” refer to the Owner of this Contract under the Desjardins
Financial Security Guaranteed Investment Funds Plan;
“Spouse” or “Common-Law Partner” means any person
who is recognized as a spouse or common-law partner under the
Income Tax Act;
“Survivor” means the spouse on common-law partner
immediately before the Holder’s death;
“Unit” or “Units” mean the notional Units of any Fund
established by the Company under the Desjardins Financial Security
Guaranteed Investment Funds Plan. Series 6 and 7 are the only
Series of Funds offered under this Contract; and
“Valuation Date” unless otherwise provided herein, the
Valuation Date of a transaction is the day the transaction arises if
this occurs at or before the Cut-Off Time on a Market Day. If the
transaction arises on a non-Market Day or after the Cut-Off Time
on a Market Day, the Valuation Date for the transaction will be the
next following Market Day.
Notice and Instructions
You must send us clear and unambiguous written instructions
for any transaction or change you wish to make and you must
sign them. All instructions will become effective upon receipt
and once the Company has accepted your instructions. You
may contact us at Desjardins Financial Security Guaranteed
Investment Funds Administration, 1 Complexe Desjardins,
P.O. Box 9000, Montreal, Quebec, H5B 1H5. If you have any
questions, please call 1-888-729-3422.
When required by this Contract or by law, the Company will send
you a Notice at the most recent address we have on file. Please
advise us of any change in your address. In some cases, where
your Contract is held externally in a nominee or an intermediary
account, correspondence may be directed to a third party based on
the authorization you have given to the third party and where that
authorization is acceptable to us.
Please note that for certain transactions, we may require proof of
age of the Annuitant and/or medical evidence of health.
“Registered Plan” means a RRIF (including a LIF approved
under applicable pension legislation), a RRSP (including a locked-in
retirement account approved under applicable pension legislation),
a TFSA, or any other plan, account or fund accepted for
registration under and governed by sections 146, 146.2 or 146.3
of the Income Tax Act and offered by the Company;
“Series” means either our base fee structure (Series 6) or the fee
structure tailored for Owners with a higher level of capital to invest
(Series 7) and that can only be selected once when the Contract
comes into force;
8
Contract and Information Folder – April 2017
Investment Solutions:
DFS GIF – Conservative*
DFS GIF – Moderate*
DFS GIF – Balanced*
DFS GIF – Growth*
DFS GIF – Maximum Growth
Individual Funds:
Income
DFS GIF – Money Market*
DFS GIF – Income – Fiera Capital*
DFS GIF – Canadian Bond*
Balanced and Asset Allocation
DFS GIF – Diversified Income – Franklin Quotential*
DFS GIF – Balanced Income – Franklin Quotential*
DFS GIF – Canadian Balanced – Fidelity
DFS GIF – U.S. Monthly Income – Fidelity
DFS GIF – Balanced – Desjardins SocieTerra*
DFS GIF – Global Balanced – Jarislowsky Fraser*
DFS GIF – Canadian Balanced – Fiera Capital*
DFS GIF – Canadian Balanced – Franklin Bissett*
DFS GIF – Balanced Growth – Franklin Quotential*
DFS GIF – Canadian Balanced – CI Signature*
DFS GIF – Income and Growth – CI Signature*
DFS GIF – Growth and Income – NEI Northwest*
DFS GIF – Global Growth – NEI Select*
DFS GIF – Canadian Asset Allocation – CI Cambridge
DFS GIF – Growth – Franklin Quotential
Canadian Equity
DFS GIF – Dividend Income – Franklin Bissett
DFS GIF – Canadian Dividend – NEI Northwest
DFS GIF – Canadian Equity – Jarislowsky Fraser
DFS GIF – Canadian Equity – Fidelity True North®
DFS GIF – Canadian Equity – Franklin Bissett
DFS GIF – Specialty Equity – NEI Northwest
DFS GIF – Small Cap – Franklin Bissett
Foreign Equity
DFS GIF – American Equity – MFS
DFS GIF – American Equity Value – Desjardins
DFS GIF – Global Dividend – Desjardins
DFS GIF – Global Equity – MFS
DFS GIF – International Equity – MFS
DFS GIF – International Equity Growth – Desjardins
® Fidelity True North is a registered trademark of FMR Corp.
* Only these Funds are available with Helios2 – 75/100 GLWB.
The Company reserves the right to add new Funds or
close Funds at any time. Please refer to the section
“Closing of Funds, Series, Fee Options or Plans” which
explains your rights should we do so.
You will find additional information on the Funds in the section
titled “Investment Policies for the Funds”.
Contract and Information Folder – April 2017
Fundamental Changes
As stated in both the Canadian Life and Health Insurance Guideline
for Individual Variable Insurance Contracts Relating to Segregated
Funds and, in Quebec, the Autorité des marchés financiers
Guideline for Individual Variable Insurance Contracts Relating to
Segregated Funds, the Company will give you 60 days advance
Notice if we must make any of the following fundamental changes:
• Change in the fundamental investment objectives of the
Desjardins Financial Security Guaranteed Investment Funds
(DFS GIF);
• An increase in the total of your current guarantee fee(s) of
more than the greater of 0.5% and 50% of your total current
guarantee fees;
• A decrease in the frequency with which a Unit of a Fund is
valued; or
• An increase in the Management Fee (please refer to the
section “Charges and Fees”).
Once you receive our Notification of any of these changes, you
will have the right to switch (the value of your Units) to another
Fund or Funds with a similar investment objective, category,
same or lower Management Fees and maximum guarantee fees
that has not been affected by the change. If you receive our
Notification of any of these changes, you will not incur any fees
resulting from these changes. In the event of a switch of the value
of the Units attributed to this Contract from one Fund to another
Fund, the Owner may also realize a capital gain or a capital loss
upon disposition of that interest. The Guaranteed Amounts under
this Contract will not change. If such a Fund or Funds is/are not
available under the Guarantee you have selected, you will have the
right to surrender the market value of your Units as of the effective
date of the change without incurring any fees. We must receive
and accept your clear written instructions to our Notification at
least five days before the effective date of the change.
The above rights are stated in the Canadian Life and Health
Insurance Guideline for Individual Variable Insurance Contracts
Relating to Segregated Funds and, in Quebec, the Autorité des
marchés financiers Guideline on Individual Variable Insurance
Contracts Relating to Segregated Funds. Any future change to these
Guidelines will affect these rights accordingly.
Once any Notice has been given, we reserve the right
to refuse any and all new Deposits or switches into the
Fund(s) affected.
Our Agreement with You
The terms of this Contract allow for various transactions to occur.
These transactions may be initiated by you, the Company or to
comply with law.
All of the terms of the agreement between the Company and
the Owner are in this Contract, including both Annexes and the
application and any amendments or riders attached to these
documents.
9
contract
List of Funds
Should the Company be required to make future modifications
to this Contract, we reserve the right to do so by sending you
a Notice at the most recent address we have on file. Please
advise us of any change in your address. In some cases, where
your Contract is held externally in a nominee or an intermediary
account, correspondence may be directed to a third party based
on the authorization you have given to the third party and where
that authorization is acceptable to us. Only the Company’s
Chief Executive Officer, President and Chief Operating Officer,
General Manager Life and Health Insurance, Senior Vice-President
Individual Insurance and Savings, Corporate Secretary or Assistant
Corporate Secretary or any person of equivalent title may make
modifications to this Contract on behalf of the Company.
While the Company may from time to time choose to not enforce
all of its rights under this Contract, this does not mean that by
doing so, that we are waiving any of these rights. We will always
retain the right to enforce the terms of this Contract.
Section headings and reference citations appearing in this Contract
are for convenience only and are not to be considered as an aid to
interpretation.
When changes are made in applicable legislation or regulation, this
agreement shall be deemed to be amended to comply with such
change in the applicable legislation.
Additional Information for residents of Alberta
and British Columbia
Every action or proceeding against an insurer for the recovery of
insurance money payable under this Contract is absolutely barred
unless commenced within the time set out in the Insurance Act
(Alberta Insurance Act s.643(2)(g); British Columbia Insurance
Act s.33(2)(g)).
Changing your Mind
If you change your mind about purchasing this Contract, you
must notify us in writing within two business days of the earlier
of receiving confirmation of your purchase or five business days
after the confirmation has been mailed. By doing so, you will be
refunded the lesser of the amount of your Deposit or its value, if it
has gone down. The amount returned will include a refund of any
fees you paid.
You can also change your mind about specific subsequent
purchases that you make. You must notify us in writing within
two business days of the earlier of receiving confirmation of your
purchase or five business days after the confirmation has been
mailed. In this case, the right to rescind will only apply to that
specific purchase. The amount returned will be the lesser of the
amount of that Deposit or the market value on the Valuation Date
no later than the business day following the business day we
receive your rescission request, plus a refund of any fees you paid
for this specific purchase.
10
Fund Facts
Certain parts of the Fund Facts section are considered part of
this Contract. These sections are:
Item 1 (Company Name, Contract Name, Fund Name)
Item 2 (Quick Facts)
Item 5 (How risky is it?)
Item 8 (How much does it cost?)
Item 9 (What if I change my mind?)
The Fund Facts section complies with Guideline G2: Individual
Variable Insurance Contracts Relating to Segregated Funds and,
in Quebec, the Autorité des marchés financiers Guideline on
Individual Variable Insurance Contracts Relating to Segregated
Funds and is accurate at the time of printing. Any errors within the
Fund Facts section will be remedied by the insurer with measures
to correct the error but will not entitle the Owner to specific
performance by the Funds under this Contract.
The value of the Units in a Fund attributed to this Contract
will fluctuate with the market value of the assets in the
Fund and, therefore, cannot be guaranteed, other than as
described in the “Guarantees” section.
Deposits
How to make a Deposit
The Company allows you to make your Deposits as follows:
• In a lump sum amount at any time; or
• In accordance with a pre-authorized debit (PAD) agreement.
If this Contract is registered as an RRSP, you will also receive a
tax receipt each calendar year you make a new Deposit to this
Contract that meets the requirement of the Income Tax Act.
Choices for Allocation of Deposits
This Contract offers two Series of Units in the Funds, Series 6 is
our base fee structure and Series 7 is the fee structure tailored for
Owners with a higher level of capital to invest.
Please read this section carefully to determine which Series
you qualify for and which best meets your needs.
Series 6 for all Contracts
Series 7 for Contracts with an initial Deposit of $250,000 or more
For Series 6, there are three Fee Options available: no load
(Series 6A) whereby no surrender charges will apply if you decide
to make a partial or total surrender of any Units of any Fund
allocated to your Contract, regardless of the age of the Units and
low load sales charge (Series 6B) or deferred sales charge (Series
6C) whereby in the event of a total or partial surrender of this
Contract, depending on the amount of time since the Units were
first attributed to this Contract, you may have to pay surrender
charges. The Fee Option must be selected at the time of
Deposit and it cannot be changed by you for the entire
life of the Contract. However, it is possible to own
Units under the Series 6A Fee Option, the Series 6B Fee
Contract and Information Folder – April 2017
Within a Contract, only one Series and one Guarantee may be
selected. They must be selected when your Contract comes
into force and neither can subsequently be changed by you
for the entire life of the Contract.
For Series 7, the Company reserves the right in its absolute
discretion to change the Series applicable to this Contract if,
in the Company’s opinion, withdrawals are performed in order
to circumvent minimum Deposit limitations. Each Deposit will
be allocated to Units in the selected Series and Fee Option of
the Fund or Funds you choose in accordance with your written
notification at the time of Deposit. When you are making Deposits
under a PAD agreement, these Deposits will be allocated to
the Units in the Series and Fee Option(s) of the Fund or Funds
applicable to this Contract at the time the Deposit is scheduled to
be made. Should you wish to change these investment instructions,
you must notify us in writing that you wish to change these
instructions for new Deposits.
Deposits and Attribution of Units
A Deposit shall be considered to have been paid on the Valuation
Date once the Company has approved and accepted the Deposit.
The section titled “Charges and Fees” describes the applicable
charges for the Fund(s), Series and Fee Option(s) you have selected.
The section “Value of the Funds and the Units” describes the
valuation of Units and explains the meaning of net asset value per
Unit. You will find the meanings of “Cut-Off Time”, “Fund” and
“Market Day” in the Glossary.
Limitations on Deposits
Deposits over $1,000,000 must be approved in advance by the
Company. The Company reserves the right in its absolute discretion
to refuse any Deposit regardless of the amount with or without prior
Notification, or may impose additional requirements on Deposits.
Should you wish to make any additional lump sum Deposits, these
Deposits must be in the amount of $500 or greater.
The Company reserves the right in its absolute discretion to
limit the number of contracts purchased by refusing to accept
subsequent contract applications for the same contract
plan type. The Company reserves the express right to treat
multiple contract applications as additional Deposits to any
Contract with the same Contract plan type, Guarantee,
Annuitant and Beneficiary designation.
Contract and Information Folder – April 2017
There are additional limitations on initial Deposits, depending
on the Series, Fee Option and Guarantee you select. These
limitations are described fully in the section specific to each of the
Guarantees. Please see the section about the Guarantee you wish
to select.
Pre-Authorized Debit (PAD) Agreement
You may choose to enter into a pre-authorized debit (PAD)
agreement so that you have scheduled deductions made from your
personal bank account.
Although the PAD agreement offers you an opportunity to make
regular investments, there is no obligation to do so and further
Deposits are completely voluntary.
If you are making Deposits to your Contract through a PAD
agreement, these Deposits cannot be less than $50 per month
and a minimum of $25 must be scheduled per Fund.
For example, if you set up a PAD agreement for $50 per month,
this amount must be allocated towards Units of no more than two
different Funds. A minimum $25 scheduled Deposit per Fund can be
set up in your PAD agreement at all times.
More information specific to PAD agreements for each of the
Guarantees can be found in the “Guarantees” section.
Units of a Fund
Units of a Fund are attributed to individual Contracts for the
purpose of determining the value of the benefits under those
Contracts. You acquire no direct claim on the Units or assets
of a Fund or any underlying fund by purchasing this Contract.
However, you do acquire the benefits which are provided under
this Contract.
The assets of a Fund are kept separate from the other assets of the
Company and are owned by the Company.
Some of the Funds directly hold debt or equity securities or other
assets while other Funds hold units of underlying mutual funds
or pooled funds. If the Fund holds units in an underlying mutual
or pooled fund, you are not an owner or unit holder of the units
of the underlying fund.
We attribute Units to and surrender Units from this Contract
according to the Contract terms, or as provided or required by law.
For any Deposit, the actual number of Units in the Fund and Fee
Option to be attributed to this Contract will be calculated as follows:
Deposit
Net asset value per Unit as at the Cut-Off Time
on that applicable Market Day
Units of a Fund attributed to this Contract are designated as Series
6 or Series 7. Please refer to the section “Charges and Fees”
for a full description of each Series and the different Fee Options
available under each of the Guarantees.
11
contract
Option, and the Series 6C Fee Option within the same
Contract. In this Contract, when we refer to Series 6A, Series
6B or Series 6C, we mean the no load, low load sales charge or
deferred sales charge (respectively) Fee Options within Series 6.
For Series 7, there is currently only one Fee Option available: no
load (Series 7A). Under the Series 7A Fee Option, no surrender
charges will apply if you later decide to make a partial or total
surrender of any Units of any Fund allocated to your Contract,
regardless of the age of the Units. In this Contract, when we refer
to Series 7A, we mean the no load Fee Option within Series 7.
The Company reserves the right in its absolute discretion
to change any of the underlying funds or investment
vehicles at any time. In the event that such a change
occurs, the Company will provide you with a Notice of
this change.
Value of this Contract
The value of this Contract is equal, for all Funds to which your
Deposits were allocated, to the total of the:
Current net asset value per Unit of the Fund
x
Number of Units in each Fund
For greater certainty, regarding the allocation of Deposits and the
attribution of Units, the Company calculates the value of the Units
attributed to this Contract at the Cut-Off Time on the Market Day
we receive your Deposit at our place of business. The Deposit
must be received on or before the Cut-Off Time on such Market
Day. If the Company receives your Deposit (or other valid written
notice) at our place of business on a non-Market Day or after the
Cut-Off Time on a Market Day, we will calculate the value of the
Units attributed to this Contract as at the Cut-Off Time on the next
Market Day. A Deposit shall be considered to have been paid on
the Valuation Date once the Company has approved and accepted
the Deposit.
Any other valid written request for the attribution of Units, such
as a written request to switch an investment from the Units of one
Fund to the Units of another Fund is processed in the same way.
The Company will provide to you the following information at least
once per calendar year:
• The number of Units in each Fund which is attributed to this
Contract, the value of the Units in the Funds to which your
Deposits are allocated and the number of Units surrendered
from this Contract;
• The current Management Fees as a percentage of the net assets
of the Funds and other expenses;
• The MER;
• The Guarantee chosen by you under this Contract;
• The amount, if any, allocated under this Contract to a Fund or
Funds during the statement period; and
• The overall rate of return of each Fund in several formats.
The current Management Fees, the MER and the overall rate of
return for each Fund are included in the financial statements. You
can request the audited annual financial statements as well as the
unaudited semi-annual financial statements for each Fund from us
at 1 Complexe Desjardins, P.O. Box 9000, Montreal, Quebec, H5B
1H5 or by calling 1-888-729-3422. You may also obtain both the
annual and semi-annual financial statements from our website at
desjardinslifeinsurance.com.
12
Please refer to the provisions under the section titled “Value of
the Funds and the Units” in this document.
The value of the Units in a Fund attributed to this Contract will
fluctuate with the market value of the assets in the Fund and,
therefore, cannot be guaranteed, other than as described in the
“Guarantees” section.
Fund Switch Privilege
Within the same Fee Option, Series and Guarantee, you have the
right to switch the value of all or part of the Units attributed to
this Contract from one Fund to another Fund, free of any charge
or fee and without affecting your guarantees or your annual waiver
on surrender charges applicable to Units under the Series 6B or
Series 6C Fee Options. We reserve the right to limit the number
of switches made to four (4) per calendar year.
The Company reserves the right to restrict one or more Fund(s)
under any or all of the Guarantees, with or without prior
Notification. Should we decide to restrict one or more Fund(s) for
a particular Guarantee, the Company will not allow any switches
into the restricted Fund or Funds and you may not allocate further
Deposits to the restricted Fund or Funds after the date of the
restriction.
The value of the switch is determined using the net asset value
per Unit as at the next valuation of the Units following written
notification to the Company of your switch request. A switch is
achieved by withdrawing Units attributed to this Contract in the
Fund from which the switch is to be made and using the value
calculated by us for the purpose of attributing to this Contract
Units of the Fund to which the switch is to be made.
Please refer to the sections titled “Value of this Contract”,
and “Value of the Funds and the Units” which explain in
detail the valuation of Units attributed to or surrendered from this
Contract when a switch is made.
In the case of partial switches, the amount switched must be at
least $500 and the exercise of the switch privilege is subject to
your keeping at least a $500 value of the Units in each Fee Option
of each Fund selected by you, from which amounts are to be
surrendered or to which Deposits are to be allocated. If less than
the specified minimum balance of Units would otherwise remain in
any Fund, then all Units in that Fund must be switched as per our
Administrative Rules in effect at that time.
If you ask to switch the value of the Units attributed to this
Contract from one Fund available under Helios2 – 75/100 GLWB to
another Fund that is not available under Helios2 – 75/100 GLWB,
this switch request will not be accepted by the Company.
Contract and Information Folder – April 2017
Surrenders and Withdrawals
In the event of a switch of the value of the Units attributed to
this Contract from one Fund to another Fund, the Owner may
also realize a capital gain or a capital loss upon disposition
of that interest. Please refer to the section titled “Income
Allocations for Tax Purposes” in this document. In all cases,
the Company shall not be held responsible for any unwanted tax
consequences by the Owner(s) or the Beneficiary(ies) resulting
from a switch of Units.
You may make total or partial surrenders of this Contract at any time
by surrendering the value of the Units attributed to this Contract.
In the case of partial surrenders, you must direct from which Fee
Option and Funds the value of the Units attributed to this Contract
are to be surrendered. We will first surrender the Units that were
first attributed to the Fee Option and Fund of this Contract from
which you are requesting the surrender. The value of the Units
surrendered from this Contract upon total or partial surrender will
be calculated at the next valuation of the Units of a particular Fund
following your request for a total or partial surrender, according
to the provisions of this Contract. Please refer to the section titled
“Value of the Funds and the Units”.
A total or partial surrender will affect the Guaranteed Amounts
under this Contract. It will reduce the Guaranteed Amounts in
proportion to the market value of the Units surrendered from
this Contract.
The value of the Units surrendered from a Fund as a result of
a switch will fluctuate with the market value of the assets in
the Fund and, therefore cannot be guaranteed, other than as
described in the “Guarantees” section.
For the Maturity Benefit, a total or partial surrender will reduce the guarantee in proportion to the market value of the Units surrendered
and the Minimum Maturity Benefit Amount will be recalculated using the following formula:
Minimum Maturity Benefit Amount
Before the Surrender
X
(
1
–
Surrender
Market Value of the Units attributed
to this Contract Before the Surrender
)
For the Death Benefit, a total or partial surrender will reduce the guarantee in proportion to the market value of the Units surrendered and
the Minimum Death Benefit Amount will be recalculated using the following formula:
Minimum Death Benefit Amount
Before the Surrender
X
(
1
–
Surrender
Market Value of the Units attributed
to this Contract Before the Surrender
)
You may find more information about the manner this will be done and examples in the section titled “Guarantees”.
For Helios2 – 75/100 GLWB, if you make a total or partial surrender in excess of the GLWB Maximum Amount (as defined in the
“Guarantees” section) called a GLWB Excess Withdrawal (as defined in the “Guarantees” section), this will reduce your GLWB
Protected Value (as defined in the “Guarantees” section) and your GLWB Bonus Base (as defined in the “Guarantees” section) in
proportion to the market value of the Units attributed to this Contract which are surrendered using the following formula:
GLWB Bonus Base or GLWB Protected Value
Before the GLWB Excess Withdrawal
X
(
1
–
GLWB Excess Withdrawal
Market Value of the Units attributed to this
Contract before the GLWB Excess Withdrawal
)
You may find more information about the manner this will be done in the section titled “Guarantees”.
Contract and Information Folder – April 2017
13
contract
General Information
If you make a total or partial surrender of this Contract, you may
also realize a capital gain or a capital loss upon the disposition
of that interest. More information about this can be found in the
section titled “Income Allocations for Tax Purposes” in
this document.
A description of the charges applicable at the time of total or
partial surrender of this Contract can be found in the section
titled “Charges and Fees”.
The value of the Units in a Fund attributed to this Contract
to be surrendered in the event of a total or partial surrender
of this Contract will fluctuate with the market value of the
assets in the Fund and therefore, cannot be guaranteed,
other than as described in the “Guarantees” section.
To request a total or partial surrender of this Contract, you must
send us written notification and if applicable, this notification must
also be signed by your irrevocable Beneficiary.
Limitations on Surrenders
According to our Administrative Rules, we will only process
requests that are properly authorized and which clearly state what
should be redeemed. Otherwise the request will be returned to
your distributor unprocessed.
A partial surrender of the Contract cannot be less than $500.
Following a partial surrender of your Contract, the value of the
remaining Units attributed to your Contract must be at least
$1,000. This value will be determined at the Valuation Date that
follows your request for a partial surrender. The Company reserves
the right to terminate any Contract that does not meet the above
requirement.
In the case of Helios2 – 75/100 GLWB, following a partial
surrender of your Contract you must maintain a GLWB Protected
Value (as defined in the “Guarantees” section) of at least
$10,000. The Company reserves the right to terminate any
Contract that does not meet the above requirement.
A total surrender terminates this Contract.
We may decide to suspend the surrender rights at our sole
discretion for any period when normal trading is suspended on
any stock exchange in or outside Canada where securities in the
investment portfolio of a Fund are traded. We will not accept any
application of the purchase of this Contract, or a Deposit to this
Contract during this period.
At our sole discretion, we may also suspend these surrender
rights when the manager of an underlying fund has suspended
redemption rights or placed any restriction on the fund that affect
the Company’s ability to convert our units in the underlying fund
to cash. Any requests received by the Company during the period
when surrender rights have been suspended will be returned to
your distributor unprocessed and you must make a new request
or ask your distributor or representative to resubmit your original
request once the Company decides to lift the suspension.
14
Systematic Withdrawal Program (including RRIFs)
You may arrange for a regular withdrawal to your account at a
financial institution. This withdrawal must equal at least $50 or
more derived from the value of the Units surrendered from the Fee
Option in each Fund to which your Deposits are allocated. You may
select withdrawals either on a monthly or other basis approved
by the Company. The Company will surrender a sufficient number
of Units to provide you with the withdrawal amount you selected
according to our Administrative Rules in effect. The Company
will also deduct any applicable surrender charges, if the Units are
surrendered from the Series 6B or Series 6C Fee Options and the
balance will be electronically transferred to your account with a
financial institution. You may suspend or stop withdrawals at
any time.
If the value of the surrendered Units is more than the income and
net capital appreciation applicable to the Units attributed to this
Contract, this will over time result in the total depletion of the
value of this Contract and Guarantees.
The value of the Units surrendered from this Contract under this
program is determined in accordance with the provisions under the
sections titled “Surrenders and Withdrawals” and “Charges
and Fees”.
The value of the Units surrendered from a Fund as a result
of a withdrawal will fluctuate with the market value of the
assets in the Fund and, therefore, cannot be guaranteed,
other than as described in the “Guarantees” section.
Short-term Trading Fees
Short-term or frequent trading represents an expense for all
Owners. Consequently, for short-term or frequent trading, we may
charge a fee of 2% of the transaction amount, in addition to any
applicable charges.
The Company also reserves the right to refuse to process
this request.
Whether trading is short-term or frequent will be determined
at our sole discretion according to our Administrative Rules in
effect, including but not limited to switches, transfers or partial
surrenders of Units.
Compensation Paid
The Company pays a varying amount of compensation to the
distributor with whom your representative has an agreement. The
compensation amount is based on the amount of your Deposit(s)
to this Contract, the Series and the Fee Option you select as well as
the overall value of this Contract throughout the calendar year. It is
important that you discuss the compensation your representative will
receive before you decide on a Fee Option and a Series.
Contract and Information Folder – April 2017
(A) Charges to the Owner
The charges which currently apply to this Contract issued under
the Plan and which are payable by the Owner are set out in the
following section. The Company reserves the right, upon giving the
Owner at least 60 days advance Notice, to increase the amount or
rate of these charges or to add new charges. If you receive such
a Notice, you will have the same rights under this Contract as
described in the section “Fundamental Changes”.
At the Time of Surrender
In the event of a total or partial surrender of the Contract for any
reason, we will first withdraw the Units that were first attributed
to the particular Fee Option of the Contract from which you are
requesting the surrender.
If you surrender Units under the Series 6B Fee Option, you may have
to pay surrender charges as listed below, depending on the amount
of time since the Units were first attributed to a Contract.
Series 6B
Charge*
During the
1st
calendar year
3.0%
During the
2nd
calendar year
2.5%
During the
3rd
calendar year
2.0%
Thereafter
0.0%
* Based upon the net asset value per Unit as at the time of surrender in respect
of the Units which are surrendered.
If you surrender Units under the Series 6C Fee Option, you may have
to pay surrender charges as listed below, depending on the amount
of time since the Units were first attributed to this Contract.
Series 6C
During the
Waiver of Surrender Charges Applicable to Units under
the Series 6B or Series 6C Fee Options
Charges which may be otherwise payable are waived for surrenders
of Units under the Series 6B or Series 6C Fee Options made during
the calendar year up to a non-cumulative maximum each year
of 12% of the value of the Units in each Fund attributed to this
Contract which are still exposed to surrender charges (as calculated
at the Cut-Off Time on the last Market Day in the immediately
preceding calendar year). During the calendar year, this noncumulative maximum will be adjusted to reflect a Deposit made at
any point in time, such adjustment to be made in proportion to the
number of months between the date of the Deposit and the end of
the calendar year.
Monthly fees for a Selected Guarantee
You must select one of the three Guarantees available under this
Contract. Please refer to the section titled “Guarantees” for more
details. If you select Helios2 – 75/75, no additional guarantee fee
will be charged since it is already included in the MER. However,
if you select either Helios2 – 75/100 i or Helios2 – 75/100 GLWB,
Units will be surrendered monthly from this Contract to pay the
additional Guarantee fees applicable.
The additional monthly guarantee fee for Helios2 – 75/100 i will
be calculated as a percentage of the market value of each Fund
attributed to this Contract as of the Cut-Off Time of the last Market
Day of each month.
The additional monthly guarantee fee for Helios2 – 75/100 GLWB
will be calculated as a percentage of the GLWB Protected Value
(as defined in the “Guarantees” section) assigned to each Fund
attributed to this Contract using the following formula:
Charge*
1st
calendar year
5.5%
During the 2nd calendar year
5.0%
MVFund x PV x GLWB feeFund
12 x MV
calendar year
5.0%
Where,
During the 4th calendar year
4.0%
During the 5th calendar year
4.0%
“GLWB feeFund” is the additional guarantee fee for a given Fund
under Helios2 – 75/100 GLWB;
“MV” is the total market value of the Units attributed to this
Contract as of the Cut-Off Time of the last Market Day of the
month;
“MVFund” is the market value of the Units attributed to this
Contract of a given Fund as of the Cut-Off Time of the last Market
Day of the month;
“PV” is the GLWB Protected Value of the Contract as of the CutOff Time of the last Market Day of the month, and;
For example, if your GLWB Protected Value is equal to $100,000
and the market value of your Units is $120,000; $30,000
in Fund A with an additional guarantee fee for Helios2 –
75/100 GLWB of 1.2% and $90,000 in Fund B with an additional
guarantee fee for Helios2 – 75/100 GLWB of 0.8%, for the
current month, the additional guarantee fee will be:
During the
3rd
th
3.0%
th
During the 7 calendar year
2.0%
Thereafter
0.0%
During the 6 calendar year
* Based upon the net asset value per Unit as at the time of surrender in respect
of the Units which are surrendered.
The Company reserves the right in its absolute discretion to increase
the applicable surrender charges under the Series 6B or Series 6C
Fee Options for future Deposits. In this case, the Company will
provide Notification.
Contract and Information Folder – April 2017
15
contract
Charges and Fees
(A) $ 25 for Fund A [($30,000 x $100,000 x 1.2%) /
(12 x $120,000)], and;
(B) $ 50 for Fund B [($90,000 x $100,000 x 0.8%) /
(12 x $120,000)].
Any amount surrendered to pay for the additional guarantee
fees will not affect the Guaranteed Amounts, nor if you selected
Helios2 – 75/100 GLWB, the GLWB Protected Value (as defined
in the “Guarantees” section) or the GLWB Bonus Base (as
defined in the “Guarantees” section), nor will it be used to
reduce the amount of free surrenders available to you within the
calendar year. Furthermore, under Helios2 – 75/100 GLWB, the
amount surrendered will not be taken into consideration in the
calculation of your GLWB Eligible Withdrawal. Please refer to the
“Guarantees” section for further information.
The Guarantee fees can be increased at the Company’s discretion.
If the Company raises the total cost of the Guarantees
fees paid by you and the Fund above the greater of 0.5%
per calendar year and 50% of the total current Guarantee
fee, you will be given 60 days advance Notice. You will
also have the right to surrender the Fund(s) as described
in the section “Fundamental Changes”.
For the monthly additional Guarantee fee, Units are surrendered
according to the Administrative Rules of the Company, prior to any
other transaction being processed, on the last Market Day of the
month.
(B) Charges to the Funds
All the charges described in this section, which are levied against
a Fund in each case, shall be calculated and accrued on a daily
basis and shall be paid monthly from the net assets of the Fund.
The Company hereby reserves the right in its absolute discretion,
without giving Notice, to change from time to time the frequency
with which such charges are calculated and deducted without
adjusting the timing of the net asset value calculation.
Amounts recovered in respect of charges are paid to the general
funds of the Company. Charges and other expenses deducted from
a Fund will reduce the market value of the assets of the Fund and,
consequently, will reduce the net asset value per Unit of the Fund.
Management Fees
The Company charges Management Fees which are based on a
percentage of the assets in each Fund.
The Management Fee is calculated and accrued on a daily basis and
is paid monthly. The calculation of the day’s Management Fee is:
Management Fees vary from Fund to Fund.
The Management Fees include all management fees charged by
the Company and by the underlying fund, where applicable. There
is no duplication of fees charged by the Company.
MER (Management Expense Ratio)
In addition to the Management Fees described above, each Fund
is responsible for all applicable taxes relating to its operations.
A charge is also applied to each Fund for all operating and
administrative expenses relating to the Fund. These include, but
not limited to:
• legal, audit and custodial fees;
• bank service charges;
• interest charges;
• operating and administrative costs;
• costs related to the establishment, administration and
maintenance of Contracts;
• costs of financial and other reports and disclosure documents
required to comply with laws regulating the sale of annuity
contracts;
• costs of protecting the assets of the Fund and enforcing all legal
rights related thereto; and
• all other expenses incurred in the ordinary course of business
relating to the management and operation of the Fund.
The sum of the Management Fees, applicable taxes, the cost
of providing your selected Guarantee that is not included in
the additional Guarantee fee and the cost of operating and
administrative expenses, expressed as an annual percentage
is referred to as the MER. The MER does not include any
fees and charges paid directly by the Owner.
The table on the next page shows the current Management Fee
and the current MER for each Fund and the current guarantee fee
for all Guarantees. All figures are presented on an annual basis
and include any fees and expenses charged by the underlying
funds where applicable. Where, from time to time, a Fund holds any
part of its assets in exchange traded funds, index participation units
or similar securities, as discussed in the heading titled “Investment
Policies for All Funds”, any expenses for such securities, and
which are included in the market price of such securities are not
included in the Management Expense Ratio (MER) of the principal
Fund.
net asset value of the Units in each Fund
X
annual percentages listed in the table on page 17
365
16
Contract and Information Folder – April 2017
Fund Name
Current
Current
Current Helios2
Helios2 –
Helios2 –
Series 6 –
Series 7 –
– 75/75 fee
75/100 i 75/100 GLWB
Series 6 – Management Series 7 – Management
(included in
additional
additional
MER
Fee
MER
Fee
the MER) guarantee fee guarantee fee
investment solutions
2.47%
2.50%
2.56%
2.58%
2.70%
1.95%
2.00%
2.00%
2.05%
2.05%
1.91%
1.95%
2.07%
2.07%
2.24%
1.50%
1.55%
1.55%
1.60%
1.60%
0.05%
0.05%
0.10%
0.10%
0.15%
0.50%
0.55%
0.70%
0.70%
0.70%
0.80%
0.90%
0.90%
1.15%
n/a
1.13%
1.78%
1.78%
0.80%
1.35%
1.35%
0.58%
1.20%
1.22%
0.35%
0.90%
0.90%
0.00%
0.05%
0.05%
0.25%
0.35%
0.35%
0.25%
0.45%
0.45%
2.70%
2.75%
2.81%
2.89%
2.70%
2.68%
2.57%
2.61%
2.79%
2.78%
2.89%
2.84%
2.99%
2.20%
2.15%
2.20%
2.30%
2.15%
2.10%
2.00%
2.00%
2.15%
2.15%
2.20%
2.20%
2.30%
2.18%
2.28%
2.28%
2.39%
2.11%
2.18%
2.08%
2.11%
2.29%
2.28%
2.36%
2.29%
2.46%
1.75%
1.70%
1.75%
1.85%
1.70%
1.65%
1.55%
1.55%
1.70%
1.70%
1.75%
1.75%
1.85%
0.05%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.15%
0.15%
0.15%
0.20%
0.15%
0.20%
0.65%
0.65%
0.70%
0.70%
0.65%
0.65%
0.65%
0.60%
0.65%
0.70%
0.70%
0.70%
0.75%
0.90%
0.95%
n/a
n/a
1.10%
1.10%
1.15%
1.10%
1.20%
1.35%
1.40%
1.35%
1.45%
2.70%
2.05%
2.21%
1.60%
0.20%
0.70%
n/a
2.89%
2.20%
2.45%
1.75%
0.20%
0.70%
n/a
2.71%
DFS GIF – Dividend Income – Franklin Bissett
2.88%
DFS GIF – Canadian Dividend – NEI Northwest
2.82%
DFS GIF – Canadian Equity – Jarislowsky Fraser
®
3.03%
DFS GIF – Canadian Equity – Fidelity True North
2.80%
DFS GIF – Canadian Equity – Franklin Bissett
3.24%
DFS GIF – Specialty Equity – NEI Northwest
3.14%
DFS GIF – Small Cap – Franklin Bissett
Foreign Equity
2.88%
DFS GIF – American Equity – MFS
2.84%
DFS GIF – American Equity Value – Desjardins
2.89%
DFS GIF – Global Dividend – Desjardins
2.94%
DFS GIF – Global Equity – MFS
3.02%
DFS GIF – International Equity – MFS
2.94%
DFS GIF – International Equity Growth – Desjardins
® Fidelity True North is a registered trademark of FMR Corp.
2.15%
2.15%
2.10%
2.25%
2.10%
2.40%
2.40%
2.19%
2.39%
2.41%
2.48%
2.41%
2.76%
2.74%
1.70%
1.70%
1.65%
1.80%
1.65%
1.95%
1.95%
0.10%
0.20%
0.25%
0.25%
0.25%
0.25%
0.25%
0.70%
0.70%
0.85%
0.85%
0.80%
0.80%
0.80%
n/a
n/a
n/a
n/a
n/a
n/a
n/a
2.15%
2.10%
2.20%
2.25%
2.25%
2.20%
2.44%
2.38%
2.37%
2.46%
2.55%
2.53%
1.70%
1.65%
1.75%
1.80%
1.80%
1.75%
0.25%
0.25%
0.20%
0.20%
0.25%
0.25%
0.75%
0.80%
0.75%
0.80%
0.80%
0.80%
n/a
n/a
n/a
n/a
n/a
n/a
DFS GIF – Conservative
DFS GIF – Moderate
DFS GIF – Balanced
DFS GIF – Growth
DFS GIF – Maximum Growth
individual funds
Income
DFS GIF – Money Market
DFS GIF – Income – Fiera Capital
DFS GIF – Canadian Bond
Balanced and Asset Allocation
DFS GIF – Diversified Income – Franklin Quotential
DFS GIF – Balanced Income – Franklin Quotential
DFS GIF – Canadian Balanced – Fidelity
DFS GIF – U.S. Monthly Income – Fidelity
DFS GIF – Balanced – Desjardins SocieTerra
DFS GIF – Global Balanced – Jarislowsky Fraser
DFS GIF – Canadian Balanced – Fiera Capital
DFS GIF – Canadian Balanced – Franklin Bissett
DFS GIF – Balanced Growth – Franklin Quotential
DFS GIF – Canadian Balanced – CI Signature
DFS GIF – Income and Growth – CI Signature
DFS GIF – Growth and Income – NEI Northwest
DFS GIF – Global Growth – NEI Select
DFS GIF – C
anadian Asset Allocation – CI
Cambridge
DFS GIF – Growth – Franklin Quotential
Canadian Equity
Contract and Information Folder – April 2017
17
Desjardins Financial Security
Guaranteed Investment Funds Curve
DFS GIF – Small Cap – Franklin Bissett
DFS GIF – Specialty Equity – NEI Northwest
DFS GIF – International Equity Growth – Desjardins
DFS GIF – Canadian Equity – Franklin Bissett
Return
34
27
DFS GIF –
Maximum Growth
19
DFS GIF –
Growth
11
DFS GIF –
Balanced
6
DFS GIF –
Moderate
5
DFS GIF –
Conservative
36
35
33
32 DFS GIF – International Equity – MFS
31 DFS GIF – Canadian Equity – Fidelity True North®
30 DFS GIF – Canadian Equity – Jarislowsky Fraser
29 DFS GIF – Global Equity – MFS
28 DFS GIF – Global Dividend – Desjardins
26 DFS GIF – American Equity – Desjardins
25 DFS GIF – American Equity – MFS
24 DFS GIF – Canadian Dividend – NEI Northwest
23 DFS GIF – Growth – Franklin Quotential
22 DFS GIF – Canadian Asset Allocation – CI Cambridge
21 DFS GIF – Global Growth – NEI Select
20 DFS GIF – Dividend Income – Franklin Bissett
18 DFS GIF – Growth and Income – NEI Northwest
17 DFS GIF – Income and Growth – CI Signature
16 DFS GIF – Canadian Balanced – CI Signature
15 DFS GIF – Balanced Growth – Franklin Quotential
14 DFS GIF – Canadian Balanced – Franklin Bissett
13 DFS GIF – Canadian Balanced – Fiera Capital
12 DFS GIF – Global Balanced – Jarislowsky Fraser
10 DFS GIF – Balanced – Desjardins SocieTerra
9 DFS GIF – U.S. Monthly Income – Fidelity
Only these Funds are
8 DFS GIF – Canadian Balanced – Fidelity
available with
7 DFS GIF – Balanced Income – Franklin Quotential
Helios2 – 75/100 GLWB
4 DFS GIF – Diversified Income – Franklin Quotential
3 DFS GIF – Canadian Bond
2 DFS GIF – Income – Fiera Capital
1 DFS GIF – Money Market
Risk
Income
18
Balanced and
Asset Allocation
Canadian Equity
Foreign Equity
Investment Solutions
Contract and Information Folder – April 2017
Guarantees
The value of this Contract is not guaranteed except as
described in this section.
The Company reserves the right in its absolute
discretion to add a new Guarantee and to make
changes to or close an existing Guarantee. The
Company will provide Notice of such a change. If
the Company has received written notification and
applied your selection of an existing Guarantee
to this Contract at the time that Notice is mailed,
you will not lose any of the guaranteed benefits
associated with that Guarantee; however the
Company may restrict your right to make subsequent
Deposits to this Contract.
When your Contract comes into force, you must choose one of the
Guarantees available under this Contract; once selected, you may
not change the Guarantee.
Please refer to the section titled “Charges and Fees” for further
information about the costs associated with each Guarantee.
The Company will monitor all PAD agreements which fail to meet
the initial minimum Deposit at the time the Contract comes into
force to ensure that these contracts meet the initial minimum
Deposit amounts stipulated within the 24 month period. The
Company reserves the right to terminate your PAD agreement and
your Contract and return all monies previously allocated if this
requirement is not met.
MATURITY BENEFIT
On the day the Annuitant attains age 105, your Maturity Benefit
under Helios2 – 75/75 will be the greater of:
(A) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following the day
the Annuitant attains age 105. The calculation will be made in
accordance with the provisions under the headings “Value of
the Funds and the Units” and “Value of this Contract”;
or
(B) the Minimum Maturity Benefit Amount.
The Minimum Maturity Benefit Amount is equivalent to 75% of
every Deposit. However, each time you make a surrender, it will
reduce the guarantee in proportion to the market value of the
Units surrendered. The Minimum Maturity Benefit Amount will be
recalculated using the following formula:
Helios2 – 75/75
Minimum Maturity
Benefit Amount
Before the Surrender
LIMITATIONS ON DEPOSITS FOR Helios2 – 75/75
The limitations on Deposits for Helios2 – 75/75
are described below:
X
(
Surrender
1
–
Market Value of the
Units Attributed to this
Contract Before the
Surrender
)
Deposit Requirements
Maximum Annuitant Age
Series 6
Series 7
90 – for Series 6A
80 – for Series 6B
80 – for Series 6C
90
Minimum Initial Deposit
or
$1,000
Minimum PreAuthorized Debit (PAD)
$50
Agreement per month
RRIF and locked-in
$10,000
money
Additional Deposit
Minimum Lump Sum
$500
or
Minimum PAD
$50
per month
$250,000
n/a
$250,000
$500
$50
The initial minimum Deposit for Units under the Series 6A,
Series 6B or Series 6C Fee Options is $1,000 or if you set up
a PAD agreement, the initial minimum Deposit amounts with
respect to Units attributed to Series 6 will be waived temporarily
on the condition that the initial minimum Deposit amounts are
met within a period of no greater than 24 months from the time
your Contract comes into force.
Contract and Information Folder – April 2017
The value of this Contract is not guaranteed and will
fluctuate with the market value of the assets in the Fund
or Funds in respect of which Units are attributed to this
Contract from time to time. The only guarantees are those
described in the “Guarantees” section.
DEATH BENEFIT
On the death of the Annuitant, the Company guarantees that
the Death Benefit payable in accordance with the designation of
Beneficiary will be the greater of:
(A) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following receipt
of written notification of the Annuitant’s death. The calculation
will be made in accordance with the provisions under the
headings “Value of the Funds and the Units” and “Value
of this Contract”; or
19
(B) the Minimum Death Benefit Amount.
The Minimum Death Benefit Amount is equivalent to 75% of
every Deposit. However, each time you make a surrender, it will
reduce the guarantee in proportion to the market value of the
Units surrendered. The Minimum Death Benefit Amount will be
recalculated using the following formula:
Minimum Death
Benefit Amount
Before the Surrender
X
(
Surrender
1
–
Market Value of the
Units attributed to this
Contract Before the
Surrender
)
Example of the calculation of the Minimum Maturity Benefit Amount and Minimum Death Benefit Amount
and the impact of Deposits and Surrenders
Date
Transaction
opening – Initial
2017-10-01 Contract
Deposit to Helios2 – 75/75
Amount
Market
Value before
Transaction
Market
Value after
Transaction
Minimum
Maturity Benefit Minimum Death
Amount
Benefit Amount
after Transaction after Transaction
$100,000
$0
$100,000
$75,000
$75,000
2018-10-01 Additional Deposit
$20,000
$102,000
$122,000
$90,000
$90,000
2019-10-01 Surrender
$13,000
$130,000
$117,000
$81,000*
$81,000*
*Proportional reduction = $90,000 x (1-$13,000 /$130,000) = $81,000
Payment of the Death Benefit will terminate this Contract.
The value of this Contract is not guaranteed and will
fluctuate with the market value of the assets in the Fund
or Funds in respect of which Units are attributed to this
Contract from time to time. The only guarantees are those
described in the “Guarantees” section.
Helios2 – 75/100 i
Where “i” stands for inflation protection.
Helios2 – 75/100 i is available for an additional charge that will
be redeemed as Units on the last business day of each month,
according to our Administrative Rules. Please refer to the
section “Charges and Fees” for a description of the additional
guarantee fee applicable for this Guarantee and the section
“Income Allocations for Tax Purposes” for further details on
any potential tax consequences.
LIMITATIONS ON DEPOSITS FOR Helios2 – 75/100 i
The limitations on Deposits for Helios2 – 75/100 i
are described as follows:
Deposit Requirements
Series 6
Maximum Annuitant Age
80
Minimum Initial Deposit
or
$1,000
Minimum PreAuthorized Debit (PAD)
$50
Agreement per month
RRIF and locked-in
$10,000
money
Additional Deposit
Minimum Lump Sum
$500
or
Minimum PAD
$50
per month
Series 7
80
$250,000
n/a
$250,000
$500
$50
The initial minimum Deposit for Units under the Series 6A,
Series 6B or Series 6C Fee Options is $1,000 or if you set up a
PAD agreement, the initial minimum Deposit amounts with respect
to Units attributed to Series 6 will be waived temporarily on the
condition that the initial minimum Deposit amounts are met within
a period of no greater than 24 months from the time your Contract
comes into force.
The Company will monitor all PAD agreements which fail to meet
the initial minimum Deposit at the time the Contract comes into
force to ensure that these contracts meet the initial minimum
Deposit amounts stipulated within the 24 month period. The
Company reserves the right to terminate your PAD agreement and
your Contract and return all monies previously allocated if this
requirement is not met.
20
Contract and Information Folder – April 2017
MATURITY BENEFIT
On the day the Annuitant attains age 105, your Maturity Benefit
under Helios2 – 75/100 i will be the greater of:
(A) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following the
day the Annuitant attains age 105. The calculation will be
made in accordance with the provisions under the headings
“Value of the Funds and the Units” and “Value of this
Contract”; or
(B) the Minimum Maturity Benefit Amount.
The Minimum Maturity Benefit Amount is equivalent to 75% of
every Deposit. However, each time you make a surrender, it will
reduce the guarantee in proportion to the market value of the
Units surrendered. The Minimum Maturity Benefit Amount will be
recalculated using the following formula:
Minimum Maturity
Benefit Amount
Before the Surrender
X
(
Surrender
1
–
Market Value of
the Units attributed
to this Contract Before
the Surrender
)
Date
Transaction
opening – Initial Deposit to
2017-10-01 Contract
Helios2 – 75/100 i
Market
Value before
Transaction
Amount
Market
Value after
Transaction
Minimum Maturity
Benefit Amount
after Transaction
$100,000
$0
$100,000
$75,000
2018-10-01 Additional Deposit
$20,000
$102,000
$122,000
$90,000
2019-10-01 Surrender
$13,000
$130,000
$117,000
$81,000*
*Proportional reduction = $90,000 x (1-$13,000 /$130,000) = $81,000
The value of this Contract is not guaranteed and will
fluctuate with the market value of the assets in the Fund
or Funds in respect of which Units are attributed to this
Contract from time to time. The only guarantees are those
described in the “Guarantees” section.
death BENEFIT
On the death of the Annuitant, the Company guarantees that
the Death Benefit payable in accordance with the designation of
Beneficiary will be the greater of:
(A) the market value of the Units attributed to this Contract
as calculated at the next valuation of the Units following
receipt of written notification of the Annuitant’s death. The
calculation will be made in accordance with the provisions
under the headings “Value of the Funds and the Units”
and “Value of this Contract”; or
(B) the Minimum Death Benefit Amount.
The Minimum Death Benefit Amount will also be adjusted on each
Contract Anniversary Date until the Annuitant attains age 75. In
such a case, the Minimum Death Benefit Amount will be set equal
to the greater of:
(A) the current Minimum Death Benefit Amount; or
(B) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following the
Contract Anniversary Date; or
(C) the inflation adjusted value described in the next section.
The Minimum Death Benefit Amount is equivalent to 100% of
every Deposit. However, each time you make a surrender, it will
Contract and Information Folder – April 2017
reduce the guarantee, in proportion to the market value of the
Units attributed to this Contract surrendered. The Minimum Death
Benefit Amount will be recalculated using the following formula:
Minimum Death
Benefit Amount
Before the Surrender
X
(
Surrender
1
–
Market Value of
the Units attributed
to this Contract Before
the Surrender
)
Description of the Inflation Adjusted Value
The inflation adjusted value tracks the value of your Deposit
adjusted for inflation. The inflation adjusted value is equivalent
to 100% of every Deposit.
The inflation adjusted value will also be adjusted each Contract
Anniversary Date until the Annuitant attains age 75. In such a
case, the inflation adjusted value of the Deposits will be multiplied
by (1 + Inflation Rate).
However, a total or partial surrender will reduce the inflation
adjusted value in proportion to the market value of the Units
surrendered. The inflation adjusted value will be recalculated
using the following formula:
Inflation Adjusted
Value Before
the Surrender
X
(
Surrender
1
–
Market Value of
the Units attributed
to this Contract Before
the Surrender
)
21
contract
Example of the Effect of Deposits and Surrenders on the Minimum Maturity Benefit Amount
Example of the Effect of Deposits on the inflation adjusted value and Minimum Death Benefit Amount
Date
Age
of the
Annuitant
2017-10-01
72
Initial Deposit to $100,000
Helios2 – 75/100 i
2018-02-01
73
Deposit
2018-10-01
73
Contract
Anniversary
2019-06-01
74
Deposit
2019-10-01
74
2020-10-01
75
Contract
Anniversary
Contract
Anniversary
Transaction
Market
Market
Inflation
Minimum Death
Value before Value after Inflation Adjusted Value Benefit Amount
Amount Transaction Transaction Rate after Transaction after Transaction
$0
$100,000
n/a
$100,000
$100,000
$10,000
$101,000
$111,000
n/a
$110,000
$110,000
$0
$105,000
$105,000
3%*
$113,300
$113,300
$30,000
$107,000
$137,000
n/a
$143,300
$143,300
$0
$145,000
$145,000
1%*
$144,733
$145,000
$0
$142,000
$142,000
2%*
$144,733**
$145,000**
* Calculated using the Inflation Rate.
** No adjustment to the Minimum Death Benefit Amount and inflation adjusted value since the Annuitant is 75 years of age.
Example of the Effect of Proportional Withdrawals on the Minimum Death Benefit Amount
and inflation adjusted value
Date
Age
of the
Annuitant
2017-10-01
72
2018-02-01
73
2018-10-01
73
2019-06-01
74
Transaction
Market
Market
Inflation
Minimum Death
Value before Value after Inflation Adjusted Value Benefit Amount
Amount Transaction Transaction Rate after Transaction after Transaction
Initial Deposit to $100,000
Helios2 – 75/100 i
Surrender
$11,000
Contract
$0
Anniversary
Surrender
$30,000
$0
$100,000
n/a
$100,000 $100,000
$110,000
$99,000
n/a
$90,000**
$90,000**
$87,000
$87,000
3%*
$92,700
$92,700
$90,000
$60,000
n/a
$61,800***
$61,800***
* Calculated using the Inflation Rate.
** Proportional reduction = $100,000 x (1-$11,000 /$110,000) = $90,000
*** Proportional reduction = $92,700 x (1-$30,000 /$90,000) = $61,800
Payment of the Death Benefit will terminate this Contract.
The value of this Contract is not guaranteed and will
fluctuate with the market value of the assets in the Fund
or Funds in respect of which Units are attributed to this
Contract from time to time. The only guarantees are those
described in the “Guarantees” section.
Helios2 – 75/100 GLWB
Only a selection of our Funds is offered with this Guarantee. For
more information, please see the list of Funds which follows the
“Guaranteed Lifetime Withdrawal Benefit Definitions”
section of this document.
This Guarantee offers a Death Benefit and a Maturity Benefit.
In addition, this Guarantee protects the Owner against market
downturns and permits withdrawals, during the lifetime of the
Annuitant, up to a GLWB Maximum Amount per calendar year,
regardless of market performance.
Where “GLWB” stands for Guaranteed Lifetime Withdrawal Benefit.
Helios2 – 75/100 GLWB is available for additional guarantee fees
that will be redeemed as Units on the last business day of each
month, according to our Administrative Rules. Please refer to the
section “Charges and Fees” for a description of the additional
guarantee fee applicable for this Guarantee and the section
“Income Allocations for Tax Purposes” for further details on
any potential tax consequences.
22
Contract and Information Folder – April 2017
The Company reserves the right in its absolute discretion
to change the Funds available under this Guarantee at any
time without providing Notice. The Company also reserves
the right to restrict the Funds available under this Guarantee
at any time. The Company further reserves the right in its
absolute discretion to impose additional requirements under
this Guarantee, including but not limited to, changing the
composition of the Funds available under this Guarantee.
Once we restrict a Fund previously available under this
Guarantee, we will no longer allow any switches into the
restricted Fund and you may not allocate Deposits to the
restricted Fund after the date of the restriction.
(B) the Minimum Maturity Benefit Amount.
The Minimum Maturity Benefit Amount is equivalent to 75% of
every Deposit. However, each time you make a surrender, it will
reduce the guarantee in proportion to the market value of the
Units surrendered. The Minimum Maturity Benefit Amount will be
recalculated using the following formula:
Minimum Maturity
Benefit Amount
Before the Surrender
X
(
Surrender
1
–
)
Market Value of
the Units attributed
to this Contract Before
the Surrender
The value of this Contract is not guaranteed and will
fluctuate with the market value of the assets in the Fund
or Funds in respect of which Units are attributed to this
Contract from time to time. The only guarantees are those
described in the “Guarantees” section.
This Guarantee may not be appropriate for Owners of LIF Contracts
or other similarly locked-in Contracts. Please read the following
section carefully before deciding to select this Guarantee.
DEATH BENEFIT
On the death of the Annuitant, the Company guarantees that
the Death Benefit payable in accordance with the designation of
Beneficiary will be the greater of:
LIMITATIONS ON DEPOSITS FOR
Helios2 – 75/100 GLWB
The limitations on Deposits for Helios2 – 75/100 GLWB are
described below:
Deposit Requirements
Series 6
Maximum Annuitant Age
80
Minimum Initial Deposit
or
$10,000
Minimum PreAuthorized Debit (PAD)
n/a
Agreement per month
RRIF and locked-in
$10,000
money
Additional Deposit
Minimum Lump Sum
$500
or
Minimum PAD
$50
per month
Series 7
80
$250,000
n/a
$250,000
$500
$50
MATURITY BENEFIT
On the day the Annuitant attains age 105, your Maturity Benefit
under Helios2 – 75/100 GLWB will be the greater of:
(A) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following the
day the Annuitant attains age 105. The calculation will be
made in accordance with the provisions under the headings
“Value of the Funds and the Units” and “Value of this
Contract”; or
Contract and Information Folder – April 2017
contract
If you have previously allocated Deposits to a now restricted
Fund, the value of the Units may be temporarily switched
to a Fund that the Company identifies from time to time
under its Administrative Rules as eligible under Helios2 –
75/100 GLWB until we have received your new investment
instructions. However if a temporary switch occurs, the
Company will provide advance Notice of this change.
(A) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following receipt
of written notification of the Annuitant’s death. The calculation
will be made in accordance with the provisions under the
headings “Value of the Funds and the Units” and
“Value of this Contract”; or
(B) the Minimum Death Benefit Amount.
The Minimum Death Benefit Amount will be adjusted on every
third Contract Anniversary Date until the Annuitant attains age
80. In such a case, the Minimum Death Benefit Amount will be set
equal to the greater of:
(A) the current Minimum Death Benefit Amount; or
(B) the market value of the Units attributed to this Contract as
calculated at the next valuation of the Units following the
Contract Anniversary Date.
The Minimum Death Benefit Amount is equivalent to 100% of
every Deposit. However, each time you make a surrender, it will
reduce the guarantee in proportion to the market value of the
Units surrendered and the Minimum Death Benefit Amount will be
recalculated using the following formula:
Minimum Death
Benefit Amount
Before the Surrender
X
(
Surrender
1
–
Market Value of
the Units attributed
to this Contract Before
the Surrender
)
23
Example of the effect of Deposits and Surrenders on the Minimum Maturity Benefit Amount
and the Minimum Death Benefit Amount
Date
Transaction
Contract opening –
2017-10-01 Initial Deposit to
Helios2 – 75/100 GLWB
Amount
Market
Value before
Transaction
Market
Value after
Transaction
Minimum
Maturity Benefit Minimum Death
Amount
Benefit Amount
after Transaction after Transaction
$100,000
$0
$100,000
$75,000
$100,000
2018-10-01 Additional Deposit
$20,000
$102,000
$122,000
$90,000
$120,000
2019-10-01 Surrender
$13,000
$130,000
$117,000
$81,000*
$108,000**
* Proportional reduction = $90,000 x (1-$13,000 /$130,000) = $81,000
** Proportional reduction = $120,000 x (1-$13,000 /$130,000) = $108,000
Payment of the Death Benefit will terminate this Contract.
The value of this Contract is not guaranteed and will
fluctuate with the market value of the assets in the Fund
or Funds in respect of which Units are attributed to this
Contract from time to time. The only guarantees are those
described in the “Guarantees” section.
GUARANTEED LIFETIME WITHDRAWAL BENEFIT DEFINITIONS
The following definitions apply to this section:
“GLWB Bonus” means the bonus amount that will increase
your GLWB Protected Value and which is explained further in the
“GLWB Bonus Rate” section;
“GLWB Bonus Base” means the value used to determine the
GLWB Bonus;
“GLWB Bonus Rate” means the rate found in Annex A
applicable when this Contract comes into force. Every calendar
year, the GLWB Bonus Rate is recalculated. See “Annex A” for
more information;
“GLWB Eligible Withdrawal” means a withdrawal made after
the Annuitant has attained the age of 55 years;
“GLWB Excess Withdrawal” means (a) the amount of
surrenders made from this Contract before the Annuitant has
attained the age of 55 years old or (b) the amount by which the
aggregate surrenders of this Contract during a calendar year
exceeds the GLWB Maximum Amount for the first time or (c)
if a GLWB Excess Withdrawal has previously occurred during a
calendar year, the amount of any additional surrender of this
Contract during such calendar year since the most recent GLWB
Excess Withdrawal. A GLWB Excess Withdrawal that results in the
total surrender of the Contract by the Owner will terminate this
Contract;
“GLWB Maximum Amount” means the maximum amount that
the Company guarantees that you will be entitled to receive for
your lifetime withdrawals;
24
“GLWB Protected Value” means the value used in the
determination of the GLWB Maximum Amount as calculated in the
manner described in this section; and,
“GLWB Withdrawal Percentage” means the percentage from
the GLWB Withdrawal Percentage table found in “Annex A”
applicable when this Contract comes into force.
Only these Funds are available with
Helios2 – 75/100 GLWB.
Investment Solutions:
DFS GIF – Conservative
DFS GIF – Moderate
DFS GIF – Balanced
DFS GIF – Growth
Individual Funds:
Income
DFS GIF – Money Market
DFS GIF – Income – Fiera Capital
DFS GIF – Canadian Bond
Balanced and Asset Allocation
DFS GIF – Diversified Income – Franklin Quotential
DFS GIF – Balanced Income – Franklin Quotential
DFS GIF – Balanced – Desjardins SocieTerra
DFS GIF – Global Balanced – Jarislowsky Fraser
DFS GIF – Canadian Balanced – Fiera Capital
DFS GIF – Canadian Balanced – Franklin Bissett
DFS GIF – Balanced Growth – Franklin Quotential
DFS GIF – Canadian Balanced – CI Signature
DFS GIF – Income and Growth – CI Signature
DFS GIF – Growth and Income – NEI Northwest
DFS GIF – Global Growth – NEI Select
Contract and Information Folder – April 2017
GLWB Maximum Amount
that calendar year, the GLWB Maximum Amount for that calendar
year cannot exceed the LIF maximum.
If you withdraw less than the GLWB Maximum Amount in any
calendar year, you do not have the option to add the remainder to
your GLWB Maximum Amount in any subsequent calendar year.
Surrenders made prior to the Annuitant’s 55th birthday will be
considered GLWB Excess Withdrawals and do not qualify as GLWB
Eligible Withdrawals. This also means that prior to the Annuitant’s
55th birthday; the GLWB Maximum Amount will be equal to 0.
The GLWB Maximum Amount is the maximum amount that the
Company guarantees you will be entitled to receive for your
lifetime withdrawals.
At the time of the first GLWB Eligible Withdrawal, the GLWB
Maximum Amount will be equal to the GLWB Withdrawal Percentage
multiplied by the GLWB Protected Value. On every January 1st
following the first GLWB Eligible Withdrawal, the GLWB Maximum
Amount will be recalculated in this same manner.
The Company guarantees that your GLWB Maximum Amounts will
continue to be available until the earliest of:
(A) the day the Annuitant attains age 105*; or
(B) the GLWB Protected Value of this Contract falls below $10,000
as a result of a GLWB Excess Withdrawal; or
(C) the death of the Annuitant.
* You may have the option to extend to an older age the
availability of the GLWB Maximum Amounts described in the
section “Options Prior to the day the Annuitant attains
age 105”. In such a case, the Contract will apply with all
necessary adjustments.
The GLWB Protected Value is used for the calculation of the GLWB
Maximum Amount. The GLWB Protected Value is equivalent to
100% of every Deposit.
The GLWB Protected Value will also be adjusted as follows each
time an event described below occurs.
(A) If you make a GLWB Excess Withdrawal during any calendar
year, the GLWB Protected Value will be reduced proportionately
as described below under the section “GLWB Excess
Withdrawals”.
(B) O
n every third Contract Anniversary Date, the GLWB Protected
Value will be compared to the market value of the Units
attributed to this Contract as of that applicable Valuation Date.
If the market value of this Contract at that time is higher than
the GLWB Protected Value, we will reset the GLWB Protected
Value to the market value of the Units attributed to this
Contract at that time.
(C) O
n every December 31st, the GLWB Protected Value will be
increased by the GLWB Bonus.
Adjustments to the GLWB Maximum
Amount
If the RIF minimum applies to this Contract during any calendar
year after the first GLWB Eligible Withdrawal and exceeds the
GLWB Maximum Amount for that calendar year, then, the GLWB
Maximum Amount for that calendar year will be increased to the
RIF minimum. If the LIF maximum applies to this Contract during
any calendar year and is less than the GLWB Maximum Amount for
Example of Adjustments to the GLWB Protected Value
Date
Transaction
Annuitant’s
Age
Amount
Market
Value before
Transaction
Market Value
after Transaction
GLWB Protected
Value after
Transaction
Contract opening –
2017-10-01 Initial Deposit to
Helios2 – 75/100 GLWB
54
$100,000
$0
$100,000
$100,000
2017-11-01 Additional Deposit
54
$25,000
$102,000
$127,000
$125,000
2017-12-01 GLWB Excess Withdrawal*
54
$13,000
$130,000
$117,000
$112,500**
GLWB Bonus due to
2017-12-31 No
surrender of Units
54
$0
$119,000
$119,000
$112,500
GLWB Eligible
2018-11-01 First
Withdrawal***
55
$3,375
$120,000
$116,625
$112,500
* Annuitant is under 55 which means that any withdrawal will be a GLWB Excess Withdrawal.
** Proportional reduction = $125,000 x (1-$13,000 / $130,000) = $112,500
*** GLWB Withdrawal Percentage of 3%, for illustrative purposes only.
Contract and Information Folder – April 2017
25
contract
GLWB Protected Value
GLWB Bonus Base
(B) On every third Contract Anniversary Date, your GLWB Bonus
Base will be compared to the market value of the Units
attributed to this Contract as of that applicable Valuation Date. If
the market value of this Contract at that time is higher than the
GLWB Bonus Base, we will reset the GLWB Bonus Base to the
market value of the Units attributed to this Contract at that time.
The GLWB Bonus Base is used for the calculation of the GLWB
Bonus. The GLWB Bonus Base is equivalent to 100% of every
Deposit.
The GLWB Bonus Base will also be adjusted as follows each time
an event described below occurs.
(A) If you make a GLWB Excess Withdrawal during any calendar
year, the GLWB Bonus Base will be reduced proportionately
as described below under the section “GLWB Excess
Withdrawals”.
Example of Adjustments to the GLWB Bonus Base
Market
Value before
Transaction
Amount
Contract opening –
2017-10-01 Initial Deposit to
Helios2 – 75/100 GLWB
54
$75,000
$0
$75,000
$75,000
2017-11-20 Additional Deposit
54
$25,000
$76,500
$101,500
$100,000
2017-12-18 GLWB Excess Withdrawal*
54
$11,500
$115,000
$103,500
2018-11-01 GLWB Eligible Withdrawal
55
$2,700***
$89,000
$86,300
$90,000
2019-11-01 GLWB Eligible Withdrawal
56
$2,700***
$94,000
$91,300
$90,000
Contract Anniversary
2020-10-01 Third
Date
57
$0
$93,000
$93,000
$93,000
Date
Transaction
Market Value
after Transaction
GLWB Bonus
Base after
Transaction
Annuitant’s
Age
$90,000**
* Annuitant is under 55 which means that any withdrawal will be a GLWB Excess Withdrawal.
** Proportional reduction = $100,000 x (1 - $11,500 / $115,000) = $90,000
*** GLWB Payout Percentage of 3%, for illustrative purposes only.
GLWB Bonus
The GLWB Bonus is equal to the GLWB Bonus Rate multiplied by
the GLWB Bonus Base as of December 31st.
The GLWB Bonus for the first calendar year will be equal to zero if
the Contract comes into force after December 20.
The GLWB Bonus will also be equal to zero for any calendar year
that you make a total or partial surrender of this Contract other
than a surrender to pay additional Guarantee fees.
The GLWB Bonus is added to the GLWB Protected Value and
does not affect the market value of the Contract. The GLWB Bonus
is not a cash bonus.
26
Contract and Information Folder – April 2017
Date
Transaction
Contract opening –
Deposit to
2017-10-01 Initial
Helios2 –
75/100 GLWB
Market
Market
GLWB Bonus
Annuitant’s
Value before Value after Base after
Age
Amount Transaction Transaction Transaction
65
$100,000
GLWB
Bonus
GLWB
Protected
Value after
Transaction
$0
$100,000
$100,000
n/a
$100,000
2017-12-31 GLWB Bonus*
66
$0
$101,000
$101,000
$100,000
$3,000
$103,000
2018-12-31 GLWB Bonus*
67
$0
$95,000
$95,000
$100,000
$3,000
$106,000
2019-12-31 GLWB Bonus*
68
$0
$107,000
$107,000
$100,000
$3,000
$109,000
Reset on third
2020-10-01 Contract Anniversary
Date
68
$0
$110,000
$110,000
$110,000
n/a
$110,000
GLWB Eligible
2020-11-15 First
Withdrawal**
69
$114,510
$110,000
$110,000
n/a
$110,000
No GLWB Bonus
2020-12-31 because a surrender
was made
69
$116,000
$116,000
$110,000
n/a
$110,000
$4,510
$0
* GLWB Bonus Rate of 3%, for illustrative purposes only.
** GLWB Withdrawal Percentage of 4.1%, for illustrative purposes only.
GLWB Bonus Rate
Every year, the GLWB Bonus Rate is recalculated. The GLWB Bonus
Rate is equal to the bonus rate found in the Annex applicable
to this document when this Contract comes into force. See
“Annex A” for more information.
GLWB Withdrawal Percentage
The GLWB Withdrawal Percentage is based on the attained age of
the Annuitant on the day that the first GLWB Eligible Withdrawal is
made and is found in “Annex A”.
Please note that any total or partial surrenders of this Contract
made prior to the Annuitant’s 55th birthday will be considered
GLWB Excess Withdrawals. Such surrender does not set the GLWB
Withdrawal Percentage.
We reserve the right to restrict the use of the Spouse’s age for the
minimum RRIF amount.
Contract and Information Folder – April 2017
Adjustments to the GLWB Withdrawal
Percentage
Every third Contract Anniversary Date, the GLWB Protected Value
will be compared to the market value of the Units attributed to this
Contract as of that applicable Valuation Date. If the market value of
the Units attributed to this Contract at that time is higher than the
GLWB Protected Value, the GLWB Withdrawal Percentage will be
reset, based on the new attained age of the Annuitant according to
the GLWB Withdrawal Percentage found in “Annex A”.
27
contract
Example of the GLWB Bonus applied to the GLWB Protected Value
Example of Adjustments to the GLWB Withdrawal Percentage
Date
Transaction
Contract opening –
Deposit to
2017-12-01 Initial
Helios2 –
75/100 GLWB
Market
Value
Market
GLWB
GLWB Bonus
Annuitant’s
before
Value after Withdrawal Base after GLWB
Age
Amount Transaction Transaction Percentage Transaction Bonus
67
$100,000
$0
GLWB
Protected
Value after
Transaction
$100,000
n/a
$100,000
n/a
$100,000
2017-12-31 GLWB Bonus*
67
$0
$101,000
$101,000
n/a
$100,000
$3,000
$103,000
2018-12-31 GLWB Bonus*
68
$0
$105,000
$105,000
n/a
$100,000
$3,000
$106,000
2019-12-31 GLWB Bonus*
69
$0
$109,000
$109,000
n/a
$100,000
$3,000
$109,000
GLWB Eligible
2020-02-01 First
Withdrawal
69
$109,469
$105,000
4.1%***
$100,000
n/a
$109,000
Reset on
2020-12-01 third Contract
Anniversary Date**
70
$115,000
$115,000
4.6%***
$115,000
n/a
$115,000
$4,469
$0
* GLWB Bonus Rate of 3%, for illustrative purposes only.
** GLWB Withdrawal Percentage is adjusted when the GLWB Protected Value is adjusted.
*** These values are for illustrative purposes only.
GLWB Excess Withdrawals
If during any calendar year you receive a GLWB Excess Withdrawal, the GLWB Protected Value, and the GLWB Bonus Base will be
reduced as follows:
GLWB Protected Value
immediately following the
GLWB Excess Withdrawal
GLWB Bonus Base
immediately following the
GLWB Excess Withdrawal
=
GLWB Protected Value
immediately before the
GLWB Excess Withdrawal
=
GLWB Bonus Base
immediately before the
GLWB Excess Withdrawal
X
(1
–
X
(1
–
GLWB Excess Withdrawal
Market Value of the Units attributed
to this Contract immediately before
the GLWB Excess Withdrawal
)
GLWB Excess Withdrawal
Market Value of the Units attributed
to this Contract immediately before
the GLWB Excess Withdrawal
)
The adjustments described to the GLWB Protected Value will reduce the future years’ GLWB Maximum Amount. Furthermore, these
surrenders will reduce the Maturity and Death Benefit guarantees under Helios2 – 75/100 GLWB and may also trigger surrender charges
to be paid with regard to the Units surrendered.
28
Contract and Information Folder – April 2017
Example of GLWB Excess Withdrawals on the Minimum Maturity Benefit Amount, Minimum Death Benefit Amount,
GLWB Protected Value and GLWB Bonus Base
Transaction
Contract opening –
Deposit to
2017-10-01 Initial
Helios2 –
75/100 GLWB
54
$75,000
$0
$75,000
$75,000
$75,000
Excess
2017-12-18 GLWB
Withdrawal*
54
$11,500
$115,000
$103,500
GLWB Eligible
2018-11-01 First
Withdrawal
55
$2,025***
$91,125
Excess
2018-11-01 GLWB
Withdrawal
55
$8,910
$89,100
$75,000
$56,250
$67,500**
$67,500** $67,500**
$50,625
$89,100
$67,500
$67,500
$66,000
$49,500
$80,190
$60,750
$60,750
$59,400**** $44,550
contract
Date
Minimum Minimum
Death
Maturity
Market
GLWB
GLWB
Benefit
Benefit
Value
Market
Protected
Bonus
Amount
Amount
Annuitant’s
before
Value after Value after Base after
after
after
Age
Amount Transaction Transaction Transaction Transaction Transaction transaction
* Annuitant is under 55, any withdrawal is a GLWB Excess Withdrawal.
** Proportional reduction = $75,000 x (1 - $11,500/$115,000) = $67,500
*** GLWB Payout Percentage 3%, for illustrative purposes only.
**** Proportional reduction = $66,000 x (1 - $8,910/$89,100) = $59,400
GLWB Eligible Withdrawals
A withdrawal can be made under Helios2 – 75/100 GLWB up to
the GLWB Maximum Amount. This is done by withdrawing Units
having a market value equal to the amount of the withdrawal
requested. Units will be withdrawn as per your most recent
written instructions, subject to our Administrative Rules at the
time of withdrawal. Such withdrawals do not reduce the GLWB
Protected Value and the GLWB Bonus Base. However such
withdrawals reduce the Guaranteed Amounts under Helios2 –
75/100 GLWB and may trigger payment of any surrender charges
applicable to the Units withdrawn.
The Owner can elect to receive these withdrawals in the Owner’s
account at a financial institution in any interval during the calendar
year currently offered under this Contract.
Guaranteed Payment Phase
Should there be no longer any Units to be withdrawn while
this Contract is still in force; the Contract is deemed to be in
the guaranteed payment phase. When you have reached the
guaranteed payment phase of the Contract, the following occurs:
(A) H
elios2 – 75/100 GLWB will provide payment up to the GLWB
Maximum Amount for the life of the Annuitant;
(B) No further Deposits can be made to the Contract;
(C) No further fees will be applied to the Contract; and
(D) The maturity and death benefit guarantees will be set to $0.
The above provisions will remain in effect until the earliest of:
(A) The day the Annuitant attains age 105; or
(B) The death of the Annuitant.
Contract and Information Folder – April 2017
Options after the day the Annuitant
attains age 65
The Owner may, at any time, after the Annuitant has attained the
age of 65 years, elect to use the value of this Contract (calculated
in accordance with the provisions under the sections “Value of
the Funds and the Units” and “Value of this Contract”) or
part thereof to obtain any of the following:
(A) A
series of periodic withdrawals in accordance with the
sub-section titled “Systematic Withdrawal Program”;
(B) A
series of periodic annuity payments as described in the
“Annuity Provisions” section;
(C) A
lump-sum from a partial or total surrender in accordance
with the section titled “Surrenders and Withdrawals” and
“Charges and Fees” ; or
(D) A combination of the above in accordance with applicable
legislation including the Income Tax Act.
In which case, the Guaranteed Amounts, GLWB Protected Value
(as defined in the “Guarantees” section) and GLWB Bonus
Base (as defined in the “Guarantees” section) may be reduced
proportionately in respect of Units withdrawn, in the manner
described in the “Guarantees” section.
29
The value of this Contract is not guaranteed (except for
the guarantees of the Company applicable to the selected
Guarantee) and will fluctuate with the market value of the
assets in the Fund or Funds in respect of which Units are
attributed to this Contract from time to time.
Please refer to the sections titled “Surrenders and
Withdrawals” and “Charges and Fees” which respectively
describe the rules governing the total or partial surrender and the
charges applicable at the time of surrender.
At the Annuitant’s 105th birthday, under Helios2 – 75/100 GLWB,
you may opt to extend to an older age the availability of the
GLWB Maximum Amount, provided you have notified us in
writing 60 days before the Annuitant attains the age of 105.
In such a case, the Contract will apply with all necessary
adjustments.
Annuity Provisions
Annuity Prior to the day the Annuitant attains
age 105
The Owner may at any time after the Annuitant has reached the
age of 65 years, elect by written notification to utilize the value of
this Contract (calculated in accordance with the provisions under
the sections “Value of the Funds and the Units” and “Value
of this Contract”) or part thereof to calculate a life annuity
providing annual payments per $1,000 of the value of this Contract
at the time of the request using the formula:
Male
1,000
{60 – (A x 0.5)}
Female
1,000
[60 – {(A – 5) x 0.5}]
where A is the age of the Annuitant. In both cases, the age will be
determined on the date that written notification is received.
Annuity on the day the Annuitant attains age 105
Unless written notification to the contrary has been received, on
the day the Annuitant attains age 105, the Company will use the
Maturity Benefit to provide a life annuity (guaranteed for 10 years)
providing monthly payments of $92.50 per $10,000 of such value.
On the day the Annuitant attains age 105, the Owner may elect by
written notification to use the Maturity Benefit to obtain any type
of single premium annuity policy the Company offers to the public
at the rate prevailing at the time the annuity is selected, subject to
the governing conditions and Administrative Rules of the Company.
Except for the obligations related to the annuity payments in the
present section, the establishment of an annuity will discharge our
obligations under this Contract.
30
The value of this Contract is not guaranteed (except for
the guarantees of the Company applicable to the selected
Guarantee) and will fluctuate with the market value of the
assets in the Fund or Funds in respect of which Units are
attributed to this Contract from time to time.
Loan and Non-Forfeiture Options
There are no loan or non-forfeiture options available under the
Desjardins Financial Security Guaranteed Investment Funds Plan –
Helios2 Contract.
Creditor Protection
Your Plan is a variable annuity contract. If this Contract is held in
your name, this Contract may be protected against the claims of
your creditors depending on the Beneficiary named.
If this Contract is held externally in a nominee or an intermediary
account, it is not clear that the creditor protection will be
maintained.
There are limitations with respect to this protection and
circumstances where the protection will not exist. You should
obtain independent legal advice regarding your particular
circumstances.
Non-registered Contracts
A non-registered Contract can be owned jointly or by a single
person.
Joint Owners
Where a sole Annuitant has been named on the contract
application, ownership of the Contract following the death of a
joint Owner is as follows:
A) Joint Ownership with Rights of Survivorship (except Quebec)
By designating a Co-Owner, the type of ownership is deemed to
qualify as “joint ownership with rights of survivorship”. Upon the
death of the Owner or Co-Owner, provided that he/she is not the
sole Annuitant, all his/her rights and obligations pursuant to this
Contract will be transferred to the other.
Joint Owners must be common-law partners, married spouses or civil
union spouses at the time of the application. You are responsible for
any income tax reporting and payments that may be required as a
result of the change in ownership. If the deceased joint Owner is the
Annuitant, the Contract will terminate and the Death Benefit will be
paid. For more information, see the “Guarantees” and “Income
Allocations for Tax Purposes” sections.
B) Subrogated Owner (Quebec only)
By designating a Co-Owner, the Owner and the Co-Owner are
deemed to designate each other as subrogated Owners of this
Contract. Upon the death of the Owner or Co-Owner, provided that
he/she is not the sole Annuitant, all his/her rights and obligations
pursuant to this Contract will be transferred to the other.
Contract and Information Folder – April 2017
Joint Annuitants
Joint Annuitants are the persons upon whose life the Contract is
based. The joint Annuitants are deemed to be the joint Owners
(Owner and Co-Owner) mentioned on the contract application,
unless a single Annuitant is named in the contract application.
The Death Benefit will only be paid on the death of the last
Annuitant while the Contract is in force.
Contingent Owner
(Subrogated Owner in Quebec)
If you are the sole Owner of the Contract and you are not the
Annuitant, you may name a contingent Owner (subrogated Owner
in Quebec). The contingent Owner must be your common-law
partner, married spouse or civil union spouse at the time of the
application. You may name a contingent Owner only once for the
whole duration of this Contract but you may revoke the contingent
Owner at any time.
In the event of your death, the contingent Owner, if living,
becomes the new Owner. If you have not named a contingent
Owner, or if he/she is not living on your death, then your estate
will become the Owner.
Registered Contracts
A registered Contract must be owned by a sole Owner (an
individual) who shall also be the sole Annuitant. You cannot
appoint a joint Owner, a contingent Owner, a subrogated Owner
or a joint Annuitant.
A Contract that is held in an externally registered plan (nominee
or intermediary account) is a non-registered Contract at Desjardins
Financial Security Life Assurance Company.
RRSPs and Other Registered Plans
Based on legislation currently in force and subject to the
provisions contained in the RSP or RIF or TFSA endorsement to
this Contract (as the case may be), the Plan qualifies as an RRSP
or a RRIF or a TFSA.
Contract and Information Folder – April 2017
The value of the Units in a Fund that are withdrawn from
or attributed to this Contract as a result of a transfer
between Funds is not guaranteed (except as described in
the “Guarantees” section) and will fluctuate with the
market value of the assets in the Fund.
Owners who are investing in the Plan through an RRSP or other
Registered Plan should enquire about the special tax rules that
apply. They must ensure that they understand their particular tax
circumstances and should obtain independent advice, if necessary.
Investing a tax-registered Plan is one of many different ways to
accumulate retirement income. While tax saving is one of the
advantages of this Contract, eventually, all benefits will be added
to income for tax purposes, except if your Contract is registered
as a TFSA. Since registered contracts may be more suitable
for long duration investment, we strongly recommend that the
prospective Owner fully discuss all aspects of registration with
their representative before purchasing any registered Contract.
Any payments described in the endorsements below do not include
any payments or obligations offered under Helios2 – 75/100 GLWB
and these payments or obligations cannot be transferred to
the spouse.
RSP Endorsement
This endorsement is effective if the Owner has requested that
this Contract be registered in accordance with the Income Tax
Act as a RRSP and the Owner is the Annuitant, as defined in the
Income Tax Act, named in the application for this Contract. The
terms of this endorsement will govern if any of its provisions are
inconsistent with other sections of this document.
Under this endorsement, this Contract is modified as follows:
1. Upon receipt of written notice, the Company shall surrender
sufficient Units attributed to this Contract to reduce the amount
of tax otherwise payable by the taxpayer under Part X.1 of
the Income Tax Act. The payment will not exceed the value of
the Units attributed to this Contract in accordance with the
provisions under the sections “Value of the Funds and
the Units” and “Value of this Contract” at the time the
surrender is made. It is the Owner’s sole responsibility to ensure
that the Deposits made to an RRSP Contract do not exceed the
Owner’s RRSP contribution limits. If RRSP contribution limits are
exceeded, the Owner will be subject to a tax penalty until the
excess contribution is withdrawn.
2. The Owner must utilize the value of the Units attributed to
this Contract (calculated in accordance with the provisions
under the sections “Value of the Funds and the Units”
and “Value of this Contract”) to elect an annuity option,
in a form permitted at the definition of “retirement income”
in subsection 146(1) of the Income Tax Act, or to purchase a
RRIF or to convert this Contract into a RIF, by the end of the
year in which the Owner reaches age 71 or as specified in the
applicable legislation.
31
contract
Joint Owners must be common-law partners, married spouses or
civil union spouses at the time of the application. In such a case,
the rules of representation do not apply and there is only accretion
to the surviving subrogated Owner. This means that the surviving
Owner becomes the sole Owner of the Contract and that no
ownership is transferred to the estate of the deceased Owner.
You are responsible for any income tax reporting and payments
that may be required as a result of the change in ownership.
If the deceased joint Owner is the Annuitant, the Contract
will terminate and the Death Benefit will be paid. For more
information, see the “Guarantees” and “Income Allocations
for Tax Purposes” sections.
3. The annuity elected must be paid either through equal annual
or more frequent periodic payments, until it is paid in full. If
the annuity is partly commuted, the Owner must receive the
balance either through equal annual or more frequent periodic
payments. The total amount of the annuity payments made
periodically within one calendar year following the death of the
Owner shall never be greater than that payable prior to death.
The annuity will be commuted if, after the Owner’s death, it
must be paid to a person other than the Owner’s Spouse or
Common-Law Partner.
4. If this Contract is registered as an RRSP, according to the
Income Tax Act, the RRSP must be terminated no later than
at the end of the calendar year in which the Owner attains
the age of 71 years or as specified by applicable legislation.
For the Guarantee to continue to apply, the value of the Units
attributed to this Contract must be transferred to a Desjardins
Financial Security Guaranteed Investment Funds Plan – Helios2
RIF with the same Guarantee. In this case, the withdrawal
dates for transferred Deposits remain unchanged. If the
Company does not receive the Owner’s written notification
60 days before December 31 of the year in which the Owner
reaches age 71 or the date set by the applicable legislation,
the Company will transfer the value of the Units attributed to
this Contract to a Desjardins Financial Security Guaranteed
Investment Funds Plan – Helios2 RIF with the same Guarantee.
It is the Owner’s sole responsibility to elect the annuity option.
5. The Contract does not authorize a Deposit after an annuity
option is selected.
6. If the Annuitant dies before an annuity option is selected, the
Death Benefit, calculated according to the provisions under the
applicable Guarantee and sub-heading “Death Benefit”, will be
transferred to the Beneficiary in one lump sum payment.
7. This Contract and any annuity payable under the Contract to
the Owner, the Owner’s Spouse or Common-Law Partner, may
not be assigned in whole or in part.
8. Before an annuity option is selected, no payment may be made
under this Contract except as a refund of premiums as defined
in subsection 146(1) of the Income Tax Act or a payment to
the Owner. The Contract does not provide for any payment
to the Owner after an annuity option is selected except in the
form of “retirement income” as defined in subsection 146(1) of
the Income Tax Act, of full or partial commutation of annuity
payments or in respect of a commutation provided for in the
Income Tax Act, if permitted.
9. The Company is authorized as the Owner’s attorney in its
discretion to amend this RSP endorsement as necessary to
comply with the conditions of an RRSP.
10.We will withhold tax on amounts withdrawn by the Owner
when required by the Income Tax Act.
11.The Annuitant of this Contract may only be the Owner. The
definition of “Annuitant” in this Contract always corresponds to
the definition of “Annuitant” as given in subsection 146(1) of
the Income Tax Act.
32
12.In this Contract, “Spouse” or “Common-Law Partner” means
any person who is recognized as a Spouse or Common-Law
Partner in the Income Tax Act.
RIF Endorsement
This endorsement becomes effective if the Canada Revenue
Agency has granted the Owner’s request that this Contract be
registered in accordance with the Income Tax Act as a RRIF. The
terms of this endorsement will govern if any of its provisions are
inconsistent with other sections of this Contract.
Under this endorsement, this Contract is modified as follows:
1. During the Owner’s lifetime, the Company will make payments
commencing on the commencement date, as stipulated in the
RIF application.
2. Total payments in any calendar year shall not be less than:
a) in the calendar year in which the Plan is entered into, zero;
and
b)in each subsequent calendar year, the minimum amount as
defined under subsection 146.3(1) of the Income Tax Act as
amended from time to time.
3. The Owner may request a change in the frequency of payments
to any other frequency acceptable to the Company and
permitted by law. To request such a change, written notification
must be received by the Company.
4. The Company will make only those payments described in
paragraphs (2)d) and (2)e), the definition of “retirement
income fund” in subsection (1), and subsections (14) and (14.1)
of section 146.3 of the Income Tax Act.
5. This Contract and any payments under the Contract may not be
assigned in whole or in part.
6. When the Owner dies, the Company will pay the applicable
Death Benefit to the Beneficiary in one lump sum payment.
7. The Death Benefit, anytime before the day the Annuitant
attains age 105, will be calculated according to the provisions
under the selected Guarantee as described in the sub-heading
“Death Benefit” in the section titled “Guarantees”.
8. The Owner may request to transfer all or part of the value of
the Units attributed to this Contract to another RRIF by sending
written notification and all the required forms to the Company.
The value is then calculated as described in the sections
“Value of the Funds and the Units” and “Value of this
Contract”. In the event of a transfer, the minimum amount
remaining for that calendar year will be paid to the Annuitant
at the time of transfer.
9. Upon receipt of the Owner’s written notification and
completion of all prescribed forms, the Company will, in
prescribed form and manner, transfer all necessary information
to any carrier which has agreed to enter into a RRIF Contract
with the Owner, together with part or all of the value of the
Units attributed to this Contract less an amount equal to the
lesser of:
Contract and Information Folder – April 2017
TFSA Endorsement
This endorsement is effective if the Holder has requested that
this Contract be registered in accordance with section 146.2
of the Income Tax Act as a Tax Free Savings Account and
the Holder is the Applicant named in the application for this
Contract. The terms of this endorsement will govern if any of its
provisions are inconsistent with other sections of this document.
Desjardins Financial Security and the Holder agree, at the time
the arrangement (this Contract) is entered into, that Desjardins
Financial Security will file with the Minister an election to register
the arrangement as a TFSA in accordance with section 146.2 of
the Income Tax Act.
Contract and Information Folder – April 2017
Under this endorsement, this Contract is modified as follows:
1. The Contract can only be maintained for the exclusive benefit
of the Holder in accordance with paragraph 146.2(2)(a) of the
Income Tax Act.
2. No one other than the Holder and Desjardins Financial
Security may have rights under the Contract relating to the
amount and timing of surrenders (distributions) and the
investing of Funds in accordance with paragraph 146.2(2)(b)
of the Income Tax Act.
3. No one other than the Holder can contribute to the Contract in
accordance with paragraph 146.2(2)c) of the Income Tax Act.
4. Upon receipt of written notification, the Company shall
surrender sufficient Units attributed to this Contract to
reduce the amount of tax otherwise payable by the Holder
under sections 207.02 or 207.03 of the Income Tax Act. The
payment will not exceed the value of the Units attributed to
this Contract in accordance with the provisions in the sections
“Value of the Funds and the Units” and “Value of
this Contract” at the time the surrender is made. It is the
Holder’s sole responsibility to ensure that the Deposits made to
a TFSA Contract do not exceed the Holder’s TFSA contribution
limits. If TFSA contribution limits are exceeded, the Holder
will be subject to a tax penalty until the excess contribution is
withdrawn.
5. Upon receipt of written notification, the Company will transfer
all or part of the value of the Units attributed to this Contract
(calculated in accordance with the provisions under the sections
“Value of the Funds and the Units” and “Value of this
Contract”) to another TFSA held by the Holder in accordance
with paragraph 146.2(2)(e) of the Income Tax Act.
6. If the Holder dies, the Death Benefit, calculated according to
the provisions under the applicable Guarantee and sub-heading
“Death Benefit”, will be paid out to the Beneficiary in one
lump sum payment. If the Spouse or Common-Law Partner is
the Beneficiary, the Death Benefit may be designated as an
“exempt contribution” in accordance with subsection 207.01
(1) of the Income Tax Act and transferred to another TFSA of
the surviving Spouse or Common-Law Partner, regardless of
whether the Survivor has available contribution room, and
without reducing the Survivor’s existing room, if the stipulated
conditions under the Income Tax Act are respected and the
prescribed form completed. It is the Survivor’s sole responsibility
to satisfy those requirements.
7. The Company is authorized as the Holder’s attorney in its
discretion to amend this TFSA endorsement as necessary to
comply with the conditions of a Tax Free Savings Account in
the Income Tax Act and those provided in the regulation in
accordance with paragraph 146.2(2)(g) of the Income Tax Act.
8. The Owner of this Contract may only be the Holder. The
definition of “Holder” in this Contract always corresponds to
the definition of “Holder” as given in subsection 146.2(1) of
the Income Tax Act.
33
contract
a)such portion of the value of the Units attributed to this
Contract sufficient to ensure that the minimum amount [as
defined under subsection 146.3(1) of the Income Tax Act, as
amended from time to time] will be paid to the Owner in the
calendar year the transfer is made, and
b)the value of the Units attributed to this Contract, as
described under the section “Value of this Contract”.
10.The Company will not accept any Deposit under this Contract,
except funds transferred from:
a) an RRSP under which the Owner is the Annuitant;
b) another RRIF under which the Owner is the Annuitant;
c)the Owner, to the extent only that the funds are an amount
described in subparagraph 60(l)(v) of the Income Tax Act;
d)an RRSP or RRIF of the Owner’s Spouse, or Common-Law
Partner, former spouse, or former common-law partner
under a decree, order or judgment of a competent tribunal,
or under a written separation agreement, relating to a
division of property between the Owner and the Owner’s
Spouse or Common-Law Partner or former Spouse or
Common-Law Partner in settlement of rights arising out
of, or on the breakdown of, their marriage or common-law
partnership;
e)a RPP under which the Owner is a member within the
meaning of subsection 147.1(1) of the Income Tax Act;
f)a RPP in accordance with subsection 146.3(5) or (7) of the
Income Tax Act;
g)a specified pension plan in circumstances to which
subsection 146(21) of the Income Tax Act applies.
h) a Pooled Registered Pension Plan (PRPP) in accordance with
subsection 147.5(21) of the Income Tax Act.
11.The Company is authorized as the Owner’s attorney in its
discretion to amend this RIF Endorsement as necessary to
comply with the conditions of a RRIF.
12.The Annuitant of this Contract may only be the Owner. The
definition of “Annuitant” in this Contract always corresponds to
the definition of “Annuitant” as given in subsection 146.3(1) of
the Income Tax Act.
13.In this Contract, “Spouse” or “Common-Law Partner” means
any person who is recognized as a Spouse or Common-Law
Partner in the Income Tax Act.
9. The Contract may be used by the Holder as a security for a loan
or other indebtedness if the conditions of subsection 146.2(4)
of the Income Tax Act are satisfied.
10.The Company will not annually report on tax slips any
income for amounts deposited by the Holder in accordance
with subsection 146.2(7) of the Income Tax Act. However,
all earnings accrued between the Holder’s death and the
surrender of the Contract will be taxable for the beneficiaries in
accordance with subsection 146.2(10) of the Income Tax Act.
11.The Holder must be at least eighteen years of age at the time
the TFSA Contract is entered into in order for the TFSA to be
considered a qualifying arrangement as defined in the Income
Tax Act.
12.In this Contract, “Spouse” or “Common-Law Partner” means
any person who is recognized as a Spouse or Common-Law
Partner in the Income Tax Act.
Locked-in Pension Benefits
Any payments described in the endorsements below do not include
any payments or obligations offered under Helios2 – 75/100 GLWB
and these payments or obligations cannot be transferred to
the spouse.
RSP
If the Owner has requested that this Contract be registered as a RSP
under the Income Tax Act and contributions to this Contract consist
of locked-in pension benefits under one of the following acts:
(i) Pension Benefits Standards Act (British Columbia);
(ii) Employment Pension Plans Act (Alberta);
(iii) The Pension Benefits Act, 1992 (Saskatchewan);
(iv) The Pension Benefits Act (Manitoba);
(v) Pension Benefits Act (Ontario);
(vi) Supplemental Pension Plans Act (Quebec);
(vii) Pension Benefits Act (New Brunswick);
(viii)Pension Benefits Act (Nova Scotia);
(ix) Pension Benefits Act, 1997 (Newfoundland); or
(x) Pension Benefits Standards Act, 1985 (Canada),
then the Locked-in Retirement Account Endorsement shall be
in effect for this Contract. The terms of this endorsement will
govern if any of its provisions are inconsistent with other sections
of this document.
RIF
If the Owner has requested that this Contract be registered as a
RIF under the Act and contributions to this Contract consist of
locked-in pension benefits under one of the following acts:
(i) Pension Benefits Standards Act (British Columbia);
(ii) Employment Pension Plans Act (Alberta);
(iii) The Pension Benefits Act, 1992 (Saskatchewan);
(iv) The Pension Benefits Act (Manitoba);
(v) Pension Benefits Act (Ontario);
34
(vi) Supplemental Pension Plans Act (Quebec);
(vii) Pension Benefits Act (New Brunswick);
(viii) P ension Benefits Act (Nova Scotia);
(ix) Pension Benefits Act, 1997(Newfoundland); or
(x) Pension Benefits Standards Act, 1985 (Canada),
then the Life Income Fund Endorsement shall be in effect for this
Contract. The terms of this endorsement will govern if any of its
provisions are inconsistent with other sections of this document.
LIF Contracts in certain jurisdictions may have a latest age to own
clause of no older than age 80 as of December 31st of that year.
If this Contract is allowed to mature, this Contract will end and all
payments and/or obligations offered under Helios2 – 75/100 GLWB
will cease.
The applicable Death Benefit will always apply upon the death of
the Annuitant.
The Guaranteed Amounts for a LIF Contract will be reduced by any
withdrawals made to effect retirement income payments according
to these provisions.
Value of the Funds and the Units
The Units of a Fund are valued according to the Administrative
Rules established by the Company as described here and in
accordance with this Contract, and all laws and regulations
applicable to the Fund.
The Company calculates the net asset value per Unit of a Fund
(“NAVPU”) as at the Cut-Off Time on each Market Day for each
Fund. Units are valued as at the Cut-Off Time on each Market Day
as illustrated in the following equation:
NAVPU for Series =
Series proportion of
(Total market value of the Fund + other assets
– liabilities not including Management Fee)
– Series Management Fee liabilities
Number of Series Units
The NAVPU calculated at that time will remain in effect until the
next calculation of the NAVPU. In other words, the NAVPU that
is calculated at the Cut-Off Time on a Market Day will remain in
effect until the Cut-Off Time on the next Market Day, at which
time the new NAVPU of a Fund is calculated.
The Company reserves the right at its sole discretion to change
the frequency with which a Unit of a Fund is valued subject to
the provisions of this Contract as outlined in under the heading
“Fundamental Changes”.
For the purposes of the foregoing, in determining the market
value of the Fund’s investment portfolio, securities in the Fund
are generally valued at prices determined by the markets in
which they trade or are issued. A security listed or traded on a
recognized stock exchange is valued at the latest available quoted
selling price of recent date. If there are no recent sales or record
Contract and Information Folder – April 2017
The value of the Units in a Fund attributed to this Contract
is not guaranteed (except for the guarantees of the
Company applicable to the selected Guarantee) and will
fluctuate with the market value of the assets of the Fund.
Income Allocations for Tax Purposes
A Fund does not distribute earnings by way of dividends. Instead,
net income is retained in the Fund, thus benefiting Owners through
changes in the value of their Units. However, tax allocations
relating to income and realized capital gains and losses of a
particular Fund will be made to you each calendar year as required
by law. It is our current practice to allocate income on a unit-byunit basis and update the adjusted cost base of each Contract
accordingly.
Tax Status of the Funds
Each Fund is treated as a separate segregated fund trust under
the Income Tax Act. This means that income and realized capital
gains and losses, as applicable, are allocated to Owners and their
Beneficiaries each year as required by law. In addition, under the
current tax legislation, there are no income taxes payable by a Fund
(subject to any foreign withholding taxes which may be payable).
Contract and Information Folder – April 2017
Tax Status of Owners
(A) If this Contract is registered as a RSP, under Section 146 of
the Income Tax Act and corresponding provincial legislation,
you do not pay income tax year by year on interest,
dividends and capital gains attributable to this Contract.
However, any benefits payable under this Contract will
be subject to tax, there will be restrictions on assignment
and this Contract must provide for a retirement income to
commence not later than the end of the calendar year in
which the Owner reaches age 71 or the date specified by
the applicable legislation. You may be able to deduct part or
all of your Deposits for income tax purposes if you meet the
requirements in the Income Tax Act.
(B) If this Contract is registered as a RIF, under subsection 146.3
of the Income Tax Act, you do not pay income tax year by
year on interest, dividends and capital gains attributed to
this Contract. Amounts withdrawn are taxable in the Owner’s
hands. Any amounts withdrawn in excess of the minimum
amount referred to under the heading “RIF Endorsement”
are subject to withholding tax.
(C) If this Contract is registered as a TFSA, under subsection
146.2 of the Income Tax Act, you do not pay income tax year
by year on interest, dividends and capital gains attributable to
this Contract.
(D) Contracts not registered under section 146, 146.2 or 146.3 of
the Income Tax Act and corresponding provincial legislation
are subject to tax as follows:
The portion of the investment income (interest, capital gains and
losses and dividends) of the Funds allocated in respect of this
Contract is reported to you each calendar year and must be included
as taxable income, if any. Even though the amount allocated is not
received by you, the adjusted cost base of this Contract is increased
for capital gains, interest and dividend income allocated, and the
eventual capital gain at disposition decreased. Capital losses
allocated will decrease the adjusted cost base of this Contract, and
the eventual capital gain at disposition increased.
This Contract is treated as an interest in a trust for the purposes of
the Income Tax Act and, as such, is capital property. Accordingly,
you may realize a capital gain or a capital loss upon the disposition
of that interest. Such a disposition would be caused by a partial
or total surrender of this Contract, including surrenders to pay for
any additional guarantee fees, or by a transfer of the value of the
Units attributed to this Contract from one Fund to another Fund.
A transfer or withdrawal, which results from your exercising your
rights as described in the section “Fundamental Changes”
or our exercising our rights as described in the section “Closing
of Funds, Series, Fee Options or Plans”, will also cause a
taxable disposition.
35
contract
thereof or if securities are not listed or dealt with on a recognized
stock exchange, then such securities will be valued at the latest
available quoted asked price or the latest available quoted bid
price, or the average of the two, whichever in the opinion of the
Company better reflects the value of the securities on the day the
net asset value per Unit is being determined. In the case of bonds,
debentures, shares or other securities for which price quotations
are not available, the value is to be calculated in such manner as
the Company determines and the basis of such determination shall
be included in the notes to any financial statement of the Fund(s).
The market value of the assets of a Fund will be calculated on
each Market Day and will include the total market value of the
securities in the Fund’s investment portfolio as well as all other
assets and liabilities of the Fund.
Income and capital gains from the investments of each Fund increase
the market value of the Fund. Capital losses from the investments
of each Fund together with all the charges, expenses and taxes
applicable to the Fund reduce the market value of the Fund.
Regarding the charges, expenses and taxes applicable to each Fund,
reference is made to the section titled “Charges and Fees”.
Notwithstanding the foregoing and subject to all applicable laws
and regulations, the Company hereby reserves the right in its
absolute discretion to value an asset of a Fund at such amount as
it considers fair and reasonable in the circumstances.
Nothing contained in this document or this Contract shall be
interpreted to give anyone other than the Company any right or
incident of ownership in any of the investments of the Funds or the
underlying funds. Regarding the rights of any person other than
the Company under this Contract, the term “Unit” shall mean the
value of a Unit and not a Unit itself.
If at any time while Units are standing to the credit of this Contract,
the Company is required to pay to any governmental authority
any part of the proceeds as a tax imposed on this Contract, the
Company may transfer out of any Fund or Funds in its discretion
to the general funds of the Company the value of the Units in this
Contract sufficient for this purpose and such Units will be withdrawn
from such Contract as described in the sections titled “Surrenders
and Withdrawals” and “Charges and Fees”. A transfer of Units
to pay for a tax imposed on this Contract is a taxable transaction
from the point of view of the Owner.
The value of the Units in a Fund attributed to this Contract
is not guaranteed (except for the guarantees of the
Company applicable to the selected Guarantee) and will
fluctuate with the market value of the assets of the Fund.
In all cases, the Company shall not be held responsible for any
unwanted tax consequences to the Owner(s) or the Beneficiary(ies)
resulting from a change in law or in the interpretation of the law
by any regulatory body or a court of law.
This summary of tax considerations and consequences is not
exhaustive and is of a general nature only. It is not intended
to constitute advice to any particular purchaser. Moreover, tax
legislation in Canada changes from time to time and any specific
information contained in this document may be affected by any
changes that do occur. Owners are advised to satisfy themselves
that they understand their particular tax circumstances and, for this
purpose, they may wish to obtain independent advice.
Contract held in a Nominee or
Intermediary Account
A Contract held as an investment of an externally registered
account with a nominee or intermediary is a non-registered
Contract at Desjardins Financial Security Life Assurance Company.
For Deposits, withdrawals, switches, transfers, and other similar
transactions, the non-registered Contract provisions will apply
regardless of how the plan is registered with the third party.
If this Contract is held externally in a nominee or an intermediary
account, it is not clear that the creditor protection will be
maintained. You should obtain independent legal advice regarding
your particular circumstances.
Furthermore, if your Contract is held in a nominee or intermediary
account, some features may not be available to you, such as but
not limited to, the ability to designate a Beneficiary. Carefully
discuss with your representative the impacts of choosing to hold
your Contract in a nominee or intermediary account.
Assignment of Obligations by the Company
Subject to receipt of all applicable regulatory approvals, we may
transfer and assign all of our obligations under this Contract to
another life insurance company which carries on the business of
life insurance in Canada and, provided such life insurance company
36
agrees to take all of our obligations under and be bound to the
terms and conditions of this Contract, we shall be released and
discharged from all obligations under this Contract which we owe
to you, to your Beneficiaries, or to any Annuitant.
Limitations on Assignment
Units are not assignable and ownership in this Contract is not
transferable except as collateral for loans and as the Company in
its absolute discretion may otherwise permit. Please note that a
plan registered as a RSP or a RIF may not be assigned.
Closing of Funds, Series, or Fee Options
The Company reserves the right in its absolute discretion to close
any Fund or Series or Fee Option or to merge any Fund with
another Fund (including any new Fund which may be added in
the future). In this case, we will provide you with at least 60 days
Notification of our intention to do so.
In the case of a merging of Funds, the Company will adhere to
the Canadian Life and Health Insurance Association Guideline on
Individual Variable Insurance Contracts Relating to Segregated
Funds, the Autorité des marchés financiers Guideline on Individual
Variable Insurance Contracts Relating to Segregated Funds (in
Quebec) and applicable law.
In the event that a Fund is closed (but not merged), the value of
the Units attributed to this Contract will be transferred to another
Fund, or if the replacement Fund does not have the same or lower
Management Fee and investment objective, the Units may be
withdrawn by the Owner without surrender charges. You must
provide us with your written instructions at least five days before
the change is effective failing which the value of the Units will be
transferred to another Fund, as determined by us in our absolute
discretion. In the event that all Funds are closed, the value of the
remaining Units attributed to this Contract will be transferred to an
interest-bearing account with the Company from which you may
withdraw the value of the amounts without surrender charges.
Upon the closing of a Fund, Series or Fee Option, the value of the
Units withdrawn from this Contract and attributed to this Contract
in another Fund, Series or Fee Option are calculated at the Cut-Off
Time on the Market Day immediately preceding the effective date
of the closing of the Fund, Series or Fee Option.
In the event of the closing of any Fund, Series or Fee
Option, the value of the Units withdrawn in respect of
the closed Fund, Series or Fee Option and the value of the
Units attributed to this Contract in another Fund, Series or
Fee Option are not guaranteed (except for the guarantees
of the Company applicable to the selected Guarantee) and
will fluctuate with the market value of the assets of the
particular Fund.
Contract and Information Folder – April 2017
Other Information
Management of the Funds
The responsibility for day-to-day operations is delegated to the
Company’s officers.
The Company, acting by its Board of Directors through its officers,
is responsible for the day-to-day operations and management of
the Funds. In particular, the Company is responsible for providing
or arranging to provide certain accounting, administrative, portfolio
management and other services and facilities to the Funds. In
return for providing or arranging to provide these services and
facilities to the Funds, the Company is paid the management
charges and expenses of operation which are described under the
section titled “Charges and Fees”.
Our auditor is PricewaterhouseCoopers LLP.
Material Contracts
other information
There has been no material contract entered into within two
years prior to the date hereof by the Company or any subsidiary
pertaining to the Desjardins Financial Security Guaranteed
Investment Funds Plan or any Fund. For the purpose of the
foregoing, “material contract” means any contract not in the
ordinary course of business that can be reasonably regarded as
presently material to you with respect to any Fund.
Interest of Management and Others in
Material Transactions
There have been no transactions within the three years prior to
the date of filing of this document which has materially affected or
will materially affect the Company or any of its subsidiaries with
respect to the Funds.
Financial Statements
The Company will provide financial statements to you upon written
notification. You may choose to receive the financial statements
by mail or electronic transmission by notifying us in writing of your
preference.
Other Material Facts
There are no other material facts relating to the Desjardins
Financial Security Guaranteed Investment Funds Plan which are not
disclosed pursuant to the foregoing items.
Contract and Information Folder – April 2017
37
38
Contract and Information Folder – April 2017
Annex – A
GLWB Bonus Rate and GLWB Withdrawal
Percentage
GLWB Bonus Rate
Every calendar year without any surrender from a Contract that has
Helios2 – 75/100 GLWB as the Guarantee selected, a GLWB Bonus
will be applied to the GLWB Protected Value. This GLWB Bonus
will be equal to the GLWB Bonus Rate multiplied by the GLWB
Bonus Base.
The GLWB Bonuses are added to the GLWB Protected Value and
does not affect the market value of the Contract. The GLWB Bonus
is not a cash bonus.
The GLWB Bonus Rate is equal to the 10 Year Government of
Canada Benchmark Bond Yields (CANSIM Identifier V39055) as at
the last business day of November of the current calendar year plus
1.5%. This rate is subject to a minimum of 2.5% and a maximum
of 8%.
The Company reserves the right in its absolute discretion to change
the underlying benchmark used to calculate the GLWB Bonus Rate
should it become unavailable.
GLWB Withdrawal Percentage
annex
–
a
The GLWB Withdrawal Percentage is based on the attained
age of the Annuitant on the day that the first GLWB Eligible
Withdrawal is made.
Please note that any surrenders of this Contract made prior to
the Annuitant’s 55th birthday will be considered GLWB Excess
Withdrawals. Such surrender will not set the GLWB Withdrawal
Percentage.
GLWB Withdrawal Percentage Table
Age of the
Annuitant
One
Annuitant
More than one
Annuitant
55 – 59
3.0%
2.5%
60 – 64
3.6%
3.1%
65 – 69
4.1%
3.6%
70 – 74
4.6%
4.1%
75 or older
5.0%
4.5%
Contract and Information Folder – April 2017
39
40
Contract and Information Folder – April 2017
Annex – B
Helios2 – 75/100 GLWB
Case Studies
Helios2 – 75/100 GLWB at retirement
Graph no. 1 shows withdrawals and markets trending down.
Graph no. 2 shows withdrawals and markets trending up.
Maria, age 65, wants to retire with confidence. She deposits
$100,000 in a Helios2 Contract. Maria selected Helios2 –
75/100 GLWB. What will the Helios2 Contract do for her?
Provide her with guaranteed and predictable withdrawals for life;
Reset the GLWB Protected Value every third year to take
advantage of market upturns.
Downward market fluctuations (as shown in Graph #1) have no
impact on her yearly GLWB Maximum Amount. The Guarantee
she selected under her Helios2 Contract, Helios2 – 75/100 GLWB,
protects her against such fluctuations.
Graph 1:
Payout and markets trending down
b
$120,000
annex
–
$100,000
$80,000
GLWB Maximum Amount
GLWB Protected Value
Market Value
$60,000
$40,000
GLWB Maximum Amount = GLWB Withdrawal
Percentage x GLWB Protected Value
$4,100 = 4.1% x $100,000
$20,000
$0
65
70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89
In the event of market downturns, Maria’s Deposit would be depleted at the end of 17 years, but with Helios2 – 75/100 GLWB, her GLWB
Maximum Amount would be $4,100 for the rest of her life.
In the event of market upturns, Maria would benefit from a reset of her GLWB Protected Value every three years, which would provide her
a higher GLWB Maximum Amount.
Contract and Information Folder – April 2017
41
Graph 2:
Payout and markets trending up
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
Reset every three years of the GLWB Protected Value,
GLWB Withdrawal Percentage and GLWB Bonus Base.
Reset every three years of the GLWB Protected Value,
GLWB Withdrawal Percentage and GLWB Bonus Base.
GLWB Protected Value = market value
GLWB Bonus Base = market value
GLWB Withdrawal Percentage = 4.1% (Age 68)
GLWB Protected Value = market value
GLWB Bonus Base = market value
GLWB Withdrawal Percentage = 4.6% (Age 71)
GLWB Maximun Amount
GLWB Maximum Amount = GLWB Withdrawal
Percentage x GLWB Protected Value
$4,100 = 4.1% x $100,000
GLWB Maximum Amount = GLWB Withdrawal
Percentage x GLWB Protected Value
$4,305 = 4.1% x $105,000
GLWB Protected Value
Market Value
GLWB Maximum Amount = GLWB Withdrawal
Percentage x GLWB Protected Value
$5,221 = 4.6% x $113,500
GLWB Maximum Amount = GLWB Withdrawal
Percentage x GLWB Protected Value
$5,382 = 4.6% x $117,000
$0
65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89
Market upturns would have a positive impact on Maria’s GLWB Maximum Amount because of the reset every three years. In this situation,
she would benefit from a reset of her GLWB Protected Value and it would increase her GLWB Maximum Amount by $205 at age 68 and
by $916 at age 71. Her GLWB Maximum Amount would be $5,221 at age 71 because her GLWB Protected Value would be increased to
$113,500 and her GLWB Withdrawal Percentage would be increased to 4.6% from 4.1%.
42
Contract and Information Folder – April 2017
Helios2 – 75/100 GLWB prior to retirement
Graph no. 3 shows accumulation and markets trending down.
Graph no. 4 shows accumulation and markets trending up.
Jim, age 55, wants to retire in 10 years.
He deposits $100,000 in a Helios2 Contract. Jim opted for
Helios2 – 75/100 GLWB. What will the Helios2 Contract do for him?
His GLWB Protected Value will increase by the GLWB Bonus. The
GLWB Bonus will be equal to the GLWB Bonus Rate multiplied
by the GLWB Bonus Base every year he does not make a
withdrawal. This GLWB Bonus is added to the GLWB Protected
Value, thus increasing the GLWB Maximum Amount.
Reset the GLWB Protected Value and GLWB Bonus Base every
three years to take advantage of market upturns.
Graph 3:
Accumulation and markets trending down
$160,000
GLWB Bonus = GLWB Bonus Rate x Current GLWB Bonus Base
$8,000 = 8% x $100,000
GLWB Protected Value
Market Value
$120,000
$107,000
$112,000
$130,500
$138,500
–
GLWB Bonus = GLWB Bonus Rate x Current GLWB
Bonus Base $2,500 = 2.5% x $100,000
$100,000
annex
$103,000
$117,000
$114,500
$125,000
$134,000
b
When the 10 Year Government of Canada benchmark bond yield
as at the last business day of November is equal to 7.0%,
this triggers the maximum GLWB Bonus Rate of 8%.
$140,000
When the 10 Year Government of Canada benchmark bond yield
as at the last business day of November is equal to 0.5%,
the GLWB Bonus Rate will be equal to 2.5%, the minimum rate
the Company will use to calculate your GLWB Bonus.
$80,000
GLWB Bonus = GLWB Bonus Rate x Current GLWB Bonus Base
$4,000 = 4% x $100,000
$60,000
The GLWB Bonus Rate is equal to the 10 Year Government of Canada
benchmark bond yield as at the last business day of November plus 1.5%.
If the 10 Year Government of Canada benchmark bond yield as at November
is equal to 2.5%, the GLWB Bonus Rate will be 4%.
$40,000
GLWB Bonus = GLWB Bonus Rate x Current GLWB Bonus Base
$3,000 = 3% x $100,000
$20,000
The first year GLWB Bonus is not prorated.
$0
55
56
57
58
59
60
61
62
63
64
65
The above graph shows that in the event of market downturns, Jim’s Deposit will be protected. Plus, he benefits from an annual GLWB
Bonus on his GLWB Protected Value equal to the GLWB Bonus Base multiplied by the GLWB Bonus Rate provided he did not make any
withdrawals during the calendar year. Therefore, in 5 years at age 60, Jim would have a GLWB Protected Value of $117,000, and in
10 years, at age 65, Jim would have a GLWB Protected Value of $138,500.
Contract and Information Folder – April 2017
43
Graph 4:
Accumulation and markets trending up
$180,000
GLWB Protected Value
$160,000
Market Value
GLWB Bonus Base
$140,000
$120,000
$100,000
$80,000
Reset every three years of the GLWB Protected
Value and GLWB Bonus Base.
GLWB Protected Value = market value
$60,000
GLWB Bonus Base = market value
GLWB Bonus = GLWB Bonus Rate x Current GLWB Bonus Base
$3,000 = 3% x $100,000
$40,000
The first year GLWB Bonus is not prorated.
$20,000
$0
55
56
57
58
59
60
61
62
63
64
65
The above graph shows that if the markets are up and Jim does not make any withdrawals, the GLWB Protected Value will increase
because of the resets every three years and the GLWB Bonuses. With these two advantages, Jim’s GLWB Protected Value would be
$126,000 at age 60 and $158,000 at age 65.
44
Contract and Information Folder – April 2017
Investment Information
In order to provide the best possible choice of Funds, Desjardins
Financial Security Life Assurance Company has entered into
agreements with the following portfolio advisors:
• Bissett Investment Management to manage the DFS GIF
– Dividend Income – Franklin Bissett, DFS GIF – Canadian
Balanced – Franklin Bissett, DFS GIF – Canadian Equity –
Franklin Bissett, and the DFS GIF – Small Cap – Franklin
Bissett;
• CI Investments Inc. to manage the DFS GIF – Canadian
Balanced – CI Signature, DFS GIF – Income and Growth –
CI Signature, and the DFS GIF – Canadian Asset Allocation –
CI Cambridge;
• Desjardins Funds to manage the DFS GIF – American Equity
Value – Desjardins, DFS GIF – International Equity Growth –
Desjardins, DFS GIF – Global Dividend – Desjardins and the DFS
GIF – Balanced – Desjardins SocieTerra;
• Desjardins Global Asset Management to manage the DFS GIF –
Money Market and the DFS GIF – Canadian Bond;
• Fidelity Investments Canada ULC to manage the DFS GIF –
Canadian Balanced – Fidelity, DFS GIF – U.S. Monthly Income
– Fidelity and the DFS GIF – Canadian Equity – Fidelity True
North®;
• Fiera Capital Corporation to manage the DFS GIF – Income
– Fiera Capital and the DFS GIF – Canadian Balanced – Fiera
Capital;
• Franklin Templeton Investments Corp. to manage the DFS GIF
– Diversified Income – Franklin Quotential, DFS GIF – Balanced
Income – Franklin Quotential, DFS GIF – Balanced Growth
– Franklin Quotential, and the DFS GIF – Growth – Franklin
Quotential;
• Jarislowsky, Fraser Limited to manage the DFS GIF – Global
Balanced – Jarislowsky Fraser and the DFS GIF – Canadian
Equity – Jarislowsky Fraser;
• MFS Investment Canada Limited to manage the DFS GIF –
American Equity – MFS, DFS GIF – International Equity – MFS,
and the DFS GIF – Global Equity – MFS;
• Northwest & Ethical Investments LP to manage the DFS GIF
– Global Growth – NEI Select, DFS GIF – Growth and Income –
NEI Northwest, DFS GIF – Specialty Equity – NEI Northwest and
the DFS GIF – Canadian Dividend – NEI Northwest;
• BlackRock® Inc., Bissett Investment Management, Desjardins
Global Asset Management, Fidelity Investments Canada ULC, to
manage the DFS GIF – Conservative, DFS GIF – Moderate, DFS
GIF – Balanced, DFS GIF – Growth, and DFS GIF – Maximum
Growth and Desjardins Funds to be included in such Funds.
Contract and Information Folder – April 2017
For some of our Funds managed by Northwest & Ethical
Investments LP and for Desjardins Funds, the portfolio managers
have retained portfolio sub-advisors to provide portfolio
management services. The portfolio sub-advisors and Funds are
listed below:
Fund
Underlying Fund
Portfolio Advisor
DFS GIF – Growth and Income – NEI Kingwest & Company
Northwest
DFS GIF – Specialty Equity – NEI
Northwest
Montrusco Bolton
Investments Inc.
DFS GIF – Canadian Dividend – NEI
Northwest
Beutel Goodman &
Company Ltd.
DFS GIF – International Equity
Growth – Desjardins
Bailie Gifford Overseas
Limited
DFS GIF – Global Dividend –
Desjardins
Epoch Investment
Partners, Inc
DFS GIF – American Equity Value –
Desjardins
Wellington Management
Company, LLP
Bissett Investment Management, BlackRock® Inc., CI Investments
Inc., Desjardins Funds, Fidelity Investments Canada, Fiera Capital
Corporation, Franklin Templeton Investments Corp, MFS Investment
Canada Limited, and Northwest & Ethical Investments LP have all
been retained on a non-exclusive basis to provide mutual and pooled
funds to satisfy the investment policies of some of the Funds.
Desjardins Financial Security Life Assurance Company has an
ethical code in place which requires that all contracts entered into
with related parties be approved by the Board of Directors of the
Company and which can only be approved once each agreement has
been thoroughly reviewed by the Company’s Ethics and Professional
Conduct Committee.
At any time our association with Bissett Investment Management,
BlackRock® Inc., CI Investments Inc., Desjardins Funds, Fidelity
Investments Canada, Fiera Capital Corporation, Franklin Templeton
Investments Corp, MFS Investment Canada Limited, and Northwest
& Ethical Investments LP can be terminated with appropriate notice.
The Company may also from time to time retain the services of other
portfolio advisors, as it deems appropriate.
Established in Calgary in 1982, Bissett Investment Management has
been a member of the Franklin Templeton Investments family since
2000. The firm applies a disciplined team approach to managing
equity, income and balanced portfolios. Adhering to a "growth
at a reasonable price" (GARP) investment style, Bissett Investment
Management relies on a bottom-up research approach to identify
reasonably priced securities that demonstrate sustainable,
replicable growth.
Bissett Investment Management’s address is 350 7th Avenue S.W.,
Suite 3100, Calgary, Alberta, T2P 3N9.
45
investment information
Investment Policies for the Funds
Founded in New York in 1988, BlackRock® is a leader in investment
management, risk management, and advisory services for
institutional, retail and individual clients worldwide. With US
$5.15 trillion in assets under management as at December 31, 2016,
the firm offers a range of products including separate accounts,
mutual funds, exchange traded funds and other pooled investment
vehicles. It also offers risk management, advisory and enterprise
investment system services to institutions through BlackRock
Solutions®.
BlackRock® Inc. address is 40 East 52nd Street, 2nd Floor,
New York, NY, USA 10022.
Founded in 1965, CI Investments provides a wide variety of
investment products to investors by partnering with financial
advisors and institutions across Canada. Guided by a strategy
of seeking the best available portfolio managers, the firm offers
a diverse lineup of investment options, including mutual funds,
segregated funds, asset allocation programs, structured products
and other alternative investments. Based in Toronto, its assets under
management total $117.5 billion as at December 31, 2016.
CI Investments Inc.’s address is 2 Queen Street East, 20th Floor,
Toronto, Ontario, M5C 3G7.
Experienced in the design of investment funds, Desjardins offers
its members and clients Desjardins Funds, a family of investment
products and solutions that allow investors to build a well-diversified
portfolio. With in-force business of more than $27 billion as at
December 31, 2016, Desjardins is one of the top investment fund
producers in Quebec. Divided into six categories, Desjardins Funds
provide access to the expertise of national and international partners
who, because of their excellent results and their management
philosophy, are among the best in their field.
Desjardins Funds’ address is 2 Complexe Desjardins, P.O. Box 9000,
Desjardins Station, Montreal, Quebec, H5B 1H5.
Desjardins Global Asset Management is a subsidiary of Desjardins
Asset Management whose mission is to offer optimal investment
solutions that will help its partners and clients reach their goals.
The firm manages approximately $73.8 billion in assets as at
December 31, 2016, chiefly through management mandates
from other Desjardins Group entities. Desjardins Global Asset
Management is known for its expertise in fixed-income investment
management, adaptive index management for both traditional and
alternative sectors, multi-management, and also for its creative
and innovative investment product design.
Desjardins Global Asset Management’s address is 1 Complexe
Desjardins, South Tower, 25th Floor, P.O. Box 153, Desjardins Station,
Montreal, Quebec, H5B 1B3.
Established in Canada in 1987, Fidelity Investments Canada is part
of the Fidelity Investments organization of Boston, one of the world’s
largest providers of financial services. As at December 31, 2016, the
firm manages over $129.5 billion in mutual fund and institutional
46
assets, including assets on behalf of public and corporate pension
plans, endowments, foundations and other corporate clients across
Canada. Fidelity Investments Canada offers investors a full range
of domestic, international and income-oriented mutual funds.
Its clearly defined investment philosophy focuses on four major
principles: individual security selection, extensive fundamental
research, manager-driven decision-making and adherence to proven
investment disciplines.
Fidelity Investments Canada ULC’s address is 483 Bay Street,
Suite 300, Toronto, Ontario, M5G 2N7.
Fiera Capital Corporation is one of only a handful of Canadian
independent investment firms. With assets under management of
$116.9 billion as at December 31, 2016, the Montreal-based firm
boasts a highly diversified clientele comprised of pension funds,
foundations, religious and charitable organizations, high net worth
individuals, financial institutions, mutual funds and managed asset
platforms. Fiera Capital Corporation offers extensive expertise in
Canadian and foreign equity, fixed income, asset allocation and nontraditional investment solutions through a broad range of strategies
and services.
Fiera Capital Corporation’s address is 1501 McGill College Avenue,
Suite 800, Montreal, Quebec, H3A 3M8.
Franklin Templeton Investments Corp. is the Canadian subsidiary of
Franklin Resources, a global investment management organization
located in California and known as Franklin Templeton Investments.
Resulting from Franklin Resources’ acquisition of Templeton
Investment Management in 1992, Franklin Templeton Investments
delivers unparalleled world-class management from one global
platform, with assets under management of US $967 billion
as at December 31, 2016. The firm’s product diversity stems
from its ability to offer five distinct, world-class investment
management groups.
Franklin Templeton Investments Corp.’s address is 5000
Yonge Street, Suite 900, Toronto, Ontario, M2N 0A7.
Founded in 1955, Jarislowsky Fraser is a registered investment
counselling firm managing assets of $38.3 billion as at
December 31, 2016, on behalf of retirement plans and foundations.
Based in Montreal, the firm distinguishes itself through its emphasis
on fundamental investment research, which concentrates on
identifying companies with sustainable earnings growth, strong
management and a sound balance sheet.
Jarislowsky, Fraser Limited’s address is 1010 Sherbrooke St. West,
Suite 2005, Montreal, Quebec, H3A 2R7.
MFS Investment Canada Limited is a global investment firm
managing equity and fixed-income assets for institutional and
individual investors worldwide. Founded in 1924, Massachusetts
Financial Services Company established one of the world’s first
in-house fundamental research departments in 1932. Based in
Boston, MFS and its affiliates manage over $570.8 billion in assets
Contract and Information Folder – April 2017
MFS Investment Canada Limited’s address is 111 Huntington
Avenue, Boston, Massachusetts, United States, 02199-7618.
Established in 2007 further to a partnership between Northwest
Mutual Funds and the Ethical Funds Company, Northwest & Ethical
Investments offers mutual funds nationally through financial
institutions and credit unions. With approximately $6 billion in assets
under management as at December 31, 2016, the firm integrates
a true active management approach and relentless, disciplined
focus on risk management into its two fund families, Northwest
Funds and Ethical Funds. Ethical Funds are at the forefront of the
socially responsible investing industry in Canada. Based in Toronto,
Northwest & Ethical Investments is owned 50% by Desjardins Group
and 50% by Canada’s Provincial Credit Union Centrals.
Northwest & Ethical Investments’ address is 151 Yonge Street,
12th Floor, Toronto, Ontario, M5C 2W7.
Investment Policies for All Funds
As a general principle, in respect of each of the Funds, we will
adhere to the Canadian Life and Health Insurance Association
Guideline on Individual Variable Insurance Contracts Relating to
Segregated Funds, the Autorité des marchés financiers Guideline
on Individual Variable Insurance Contracts Relating to Segregated
Funds (in Quebec) and investment and lending policies, standards
and procedures that a reasonable and prudent person would apply
in respect of a portfolio of investments and loans to avoid undue
risk of loss and to obtain a reasonable return.
Desjardins Financial Security Life Assurance Company and
Northwest & Ethical Investments LP are subsidiaries of Desjardins
Group, which maintains a partial ownership position in Fiera
Capital Corporation. Policies are in place to ensure that all
decisions are made in the best interest of the Funds.
The Company may lend securities in the investment portfolio of a
Fund with such frequency and on such terms and conditions as the
Company in its absolute discretion may determine, subject to the
requirements of any applicable insurance legislation in Canada.
The sum of a Fund’s exposure to any one corporate entity will not
exceed 10% of the value of the Fund at the time of investment.
Furthermore, the percentage of securities of any one corporate
issue that may be acquired is limited to 10% of each class of
securities of any one corporate issuer, except for any corporate
issue of, or a government security guaranteed by, any government
authority in Canada.
The Company will not, in respect of any Fund, invest in the
securities of an issuer for the purpose of exercising control
or management.
Contract and Information Folder – April 2017
The Company will not distribute the earnings of a Fund by way
of dividends. The net income is retained in the Fund in each case
serving to increase the value of the Fund. Reference is made to the
section titled “Income Allocations for Tax Purposes”.
The investment policies of the Funds permit the use of derivative
instruments with no financial leverage. Therefore, the notional
value of derivatives used by any Fund will not exceed 100% of
the value of the net assets of the Fund, subject to a short-term
2% variation. This variation is dependent on movements in the
foreign exchange value of the currency in which assets of the Fund
are invested. A derivative is a financial instrument that derives
its value from an underlying security. The derivative instruments
employed are subject to the risk factors described in this section.
The following derivative instruments may be used in the Funds to
reduce transaction costs, increase the liquidity of the portfolio, or
for the specific purposes discussed:
• Forward contracts traded over-the-counter may be used to
change the exposure to foreign currencies of developed countries;
• Futures contracts traded on a public exchange may be used to
replicate the return of various securities market indices or to
increase or decrease the asset exposure to bonds or Canadian,
American, European and Asian equities. Futures contracts may
also be used for hedging purposes with the intention of offsetting
or reducing the risk associated with stock market fluctuations;
• Options traded on a public equities exchange may also be
used for hedging purposes with the intention of offsetting or
reducing the risk associated with stock market fluctuations,
or to increase or decrease the asset exposure and generate
income. Market exposures are the same as described above for
futures contracts;
• Swap contracts traded over-the-counter may be used for hedging
purposes with the intention of offsetting or reducing the risk
associated with stock market fluctuations and fluctuations in
currency exchange rates of developed countries, or to increase or
decrease currency or asset exposures. Market exposures are the
same as described above for futures contracts; and
• Warrants traded on a public exchange.
The investment policies of the Funds permit them to invest in
certain secondary funds, in accordance with the Canadian Life
and Health Insurance Association Guideline on Individual Variable
Insurance Contracts Relating to Segregated Funds and, in Quebec,
the Autorité des marchés financiers Guideline on Individual
Variable Insurance Contracts Relating to Segregated Funds.
Specifically, the Funds may invest in pooled funds, mutual funds,
exchange-sponsored index funds, and certain publicly traded
income trust funds.
Without any additional Management Fees or expenses being
charged, Fiera Capital Corporation makes the pooled funds
available and Bissett Investment Management, BlackRock®
Inc., CI Investments Inc., Desjardins Funds, Fidelity Investments
Canada ULC, Franklin Templeton Investments Corp., Jarislowsky,
Fraser Limited, MFS Investment Canada Limited, and Northwest
& Ethical Investments LP make their mutual funds available to
47
investment information
as at December 31, 2016. The firm offers a wide range of investment
products while specializing in active management of equity
mandates. Its investment philosophy has remained consistent:
to identify opportunities on behalf of clients based on
comprehensive research.
their institutional customers. Investments in these pooled funds
or mutual funds by a Desjardins Financial Security Guaranteed
Investment Fund (DFS GIF) will not result in charges or fees to the
Fund or Owners other than previously described.
From time to time, the Funds may hold exchange-sponsored
index funds in their portfolios. Exchange-sponsored index funds
may include such instruments as the i60s (Units of the iUnits
S&P/TSX 60 Index Participation Fund) and SPDRs (Standard &
Poor’s 500 Depository Receipt) participation in which represents
a proportionate interest in shares of companies listed on these
exchange indices. Publicly traded income trust funds are unitized
trusts, which generally distribute all income, generated by the
underlying trust assets. Investment in both these types of funds
involves minimal management expenses and/or fees which, to
the extent they are material, are discussed further in the financial
statements but are not included in the MER of the Funds.
Investments in secondary funds will occur only where the
investment policy of the secondary fund conforms to the policy of
the principal Fund as provided in this Document. If the underlying
fund is a mutual fund, it cannot change any fundamental
objectives unless the change in the objective of the underlying
fund is approved by the mutual fund unitholders. Should such
an event occur, Notice will be given to the Owner within three
months. The principal Fund will maintain a separate Unit value
from the secondary fund reflecting the fees associated with the
cost of providing the Helios2 – 75/75 and administration of the
Funds. For the DFS GIF – Income – Fiera Capital, and the DFS GIF
– Canadian Balanced – Fiera Capital in the event that investment
in a secondary fund is material, the top 25 holdings of the
secondary fund will be disclosed and financial statements of the
secondary fund(s) will be provided upon request.
Within the framework of all applicable restrictions, policies and
laws, but subject to the foregoing, the Company is empowered
to invest the assets of each Fund in any way it judges to be
most effective for the attainment of the objectives under the
circumstances prevailing at any time.
Principal Risk Factors
The net asset value per Unit of each Fund will fluctuate with
changes in the market value of the investments held in the Fund.
These changes in market value may occur as a result of various
factors, including general economic conditions, investments,
market conditions and changes in interest rates, or the financial
performance of the issuers of securities held in the Fund.
Certain specific types of risk which may affect the Funds from time
to time are:
Market Risk
Market risk refers to the nature of how the price of a security is
determined. Stocks are valued by a series of bid and ask prices
to reach a consensus price to trade a security between buyer
and seller. Stock values depend on a number of conditions such
as general economic and political climate including the rate of
inflation and interest rate levels.
48
Special Equities Risk
This type of risk relates to stocks of companies that may not
be traded on a public exchange or, by their nature, may have
restricted marketability. An example would be a small private
corporation whose shares are not sold through the typical channel
of the stock exchange, but through a private transaction. Since
there is no organized market for the stock, the original buyer
may eventually have a limited amount of potential buyers to sell
to. Likewise, small companies that are listed on a public stock
exchange may have limited amounts of shares that are available
to be traded on a given day, thus affecting the demand-supply
relationship and consequently the price sold or paid. When
companies are smaller and younger, management, earnings and
the company’s outlook may generally be less stable than a larger,
more well-established company.
Interest Rate Risk
Interest rate risk generally affects bondholders and certain other
fixed-income securities holders. As the interest rate paid on the
fixed-income security is fixed throughout its life, its value may
fluctuate throughout the term to maturity if market rates change.
Generally, when interest rates increase, the value of the Fund
decreases, and when interest rates decrease, the value of the
Fund increases.
Credit Risk
Credit risk relates to the possibility that an issuer of a bond or
other fixed-income security will not be able to meet its obligation
to pay the required interest payments or repay the principal
amount of the security at its maturity. In effect, buying a bond
is like lending money. The financial health of the borrower
reflects its capacity to pay the annual interest payments to the
lender and, more importantly, to repay the borrowed money.
Independent and external agencies exist that evaluate and issue
ratings, using a standardized approach, of a government or
corporation’s financial status.
Foreign Currency Risk
Foreign currency risk relates to the possibility of the value of
foreign securities fluctuating due to changes in the currency
exchange rates of the investor’s local currency relative to the
currency of the foreign country in which the security is situated.
In effect, when an investor purchases a foreign security, he must
first convert his local currency into that of the foreign country
at the going rate. If the going currency exchange rate changes
throughout time, it will have an impact on the investor’s security
value once converted back to his local currency. For example, if
the value of the Canadian dollar increases against the value of the
foreign currency, the converted value of the foreign holdings in a
Fund may decrease.
Sovereign Risk
This type of risk relates to the potential of a country’s status
changing, by change of form of government or otherwise, which
would have a negative effect on that country’s economy or its
Contract and Information Folder – April 2017
business environment. Foreign securities may also be subject to
foreign investment and exchange control laws, nationalization,
expropriation, confiscatory taxation, currency controls, government
regulation and intervention, diplomatic developments, high rates
of inflation, or withholding tax. The risk on foreign investments
may also be elevated because of reduced availability of information
about foreign issuers since they are often not subject to the
extensive accounting, auditing and financial reporting standards
and practices applicable in North America.
investment information
Derivatives Risk
Derivatives risk relates to the possibility of loss of value induced by
the underlying security from which the instrument derives its value.
By its nature, the principal risk involved for a derivative contract
would relate to the underlying security’s nature and own risks.
Thus, if the derivative contract specifies that the counterparty to
a contract will pay him the price gains related to a specific stock,
certain risks such as market risks, currency risks, and sovereign
risks involved by directly purchasing that stock would also
indirectly affect the derivative contract holder. Losses may also
occur if the counterparty to a derivative transaction defaults on its
obligations to pay the specified amounts of the derivative contract.
In addition, derivative securities are also subject to the risk that the
Fund may not be able to readily sell or close out its positions in a
derivative security.
Contract and Information Folder – April 2017
49
50
Contract and Information Folder – April 2017
Investment Solutions
The following investment solutions use mixes of existing mutual
and pooled funds in order to attain their stated objectives.
The Company retains the right to change any of the underlying
funds at its sole discretion; however, should such a change occur,
Notice will be provided after the fact.
On the following pages, we show you the current investment
objective and strategy for each of our investment solutions,
their benchmarks as well as their CIFSC category as of the date
of printing.
A detailed description of each Fund’s investment policy
and, where applicable, the investment policy and/or
prospectus and financial statements of the underlying
fund(s) is available upon request by writing to the
Company at its principal office address noted in the front
material of this document.
investment information
If the Company changes the objectives of a Fund, you will be
given sixty (60) days advance Notice and have the right to transfer
or exit the Fund as described in the section “Fundamental
Changes”. It is important to note, that although you will receive
Notice, a change in an underlying mutual fund or pooled fund will
not be treated as a fundamental change and you will not have any
special exit or transfer rights.
The objectives and strategies for each of the investment solutions
are as follows:
Contract and Information Folder – April 2017
51
investment solutions
DFS GIF – conservative
DFS GIF – BALANCED
Objective of the Fund
Objective of the Fund
To generate a consistent flow of income with an emphasis on the
preservation of capital by investing in a number of different fixed
income and equity underlying funds.
To provide investors with an attractive balance of current income
and capital appreciation by investing in a number of different fixed
income and equity underlying funds.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
Strategy of the Fund
Strategy of the Fund
To invest in a wide array of underlying funds managed by using a
multi-manager approach provided by acclaimed fund managers and
sub-advisors.
To invest in a wide array of underlying funds managed by using a
multi-manager approach provided by acclaimed fund managers and
sub-advisors.
Benchmark
Benchmark
Percentage
FTSE TMX Canada Universe
80%
Percentage
FTSE TMX Canada Universe
50%
S&P/TSX
8%
S&P/TSX
20%
S&P 500
6%
S&P 500
15%
MSCI EAFE Net
6%
MSCI EAFE Net
15%
CIFSC Category: Canadian Fixed Income Balanced
CIFSC Category: Canadian Neutral Balanced
DFS GIF – moderate
DFS GIF – GROWTH
Objective of the Fund
Objective of the Fund
To generate income while leaving room for some capital appreciation
by investing in a number of different fixed income and equity
underlying funds.
To emphasize appreciation of capital while still generating some
income by investing in a number of different fixed income and
equity underlying funds.
The principal risk factors of this Fund are interest rate, foreign currency,
credit, sovereign, market, special equities and derivatives risk.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
Strategy of the Fund
To invest in a wide array of underlying funds managed by using a
multi-manager approach provided by acclaimed fund managers and
sub-advisors.
Benchmark
Strategy of the Fund
To invest in a wide array of underlying funds managed by using
a multi-manager approach provided by acclaimed fund managers
and sub-advisors.
Percentage
FTSE TMX Canada Universe
65%
S&P/TSX
14%
S&P 500
MSCI EAFE Net
CIFSC Category: Canadian Fixed Income Balanced
Benchmark
Percentage
FTSE TMX Canada Universe
35%
10.5%
S&P/TSX
26%
10.5%
S&P 500
19.5%
MSCI EAFE Net
19.5%
CIFSC Category: Global Equity Balanced
52
Contract and Information Folder – April 2017
DFS GIF – maximum GROWTH
Objective of the Fund
To maximize the appreciation of capital while still generating
some income by investing in a number of different fixed income
and equity underlying funds.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
Strategy of the Fund
To invest in a wide array of underlying funds managed by using
a multi-manager approach provided by acclaimed fund managers
and sub-advisors.
Benchmark
Percentage
S&P/TSX
32%
S&P 500
24%
MSCI EAFE Net
24%
FTSE TMX Canada Universe
20%
investment information
CIFSC Category: Global Equity Balanced
Contract and Information Folder – April 2017
53
54
Contract and Information Folder – April 2017
Individual Funds
On the following pages, we show you the current investment
objective and strategy for each of our Funds as well as their
benchmarks and CIFSC category.
The DFS GIF – Diversified Income – Franklin Quotential, DFS GIF
– Balanced Income – Franklin Quotential, DFS GIF – Balanced
Growth – Franklin Quotential and DFS GIF – Growth – Franklin
Quotential all use geographic and asset class weightings to
determine which of the underlying mutual and pooled funds are
most suitable to meet the investment objectives of each fund.
These weightings are subject to change at the sole discretion of
Franklin Templeton Investments Corp., which also retains the right
to change any and all of the underlying funds without advance
notice to either the Company or the Owner(s).
Contract and Information Folder – April 2017
The DFS GIF – Global Growth – NEI Select uses geographic and
asset class weightings to determine which of the underlying
mutual and pooled funds are most suitable to meet the investment
objectives of the Fund. These weightings are subject to change at
the sole discretion of Northwest & Ethical Investments LP which
also retains the right to change any and all of the underlying funds
without advance notice to either the Company or the Owner(s).
If the Company changes the objectives of a Fund, you will be given
60 days advance Notice and have the right to transfer or exit the
Fund as described in the section “Fundamental Changes”. It is
important to note, that although you will receive Notice, a change
in an underlying mutual fund or pooled fund will not be treated
as a fundamental change and you will not have any special exit or
transfer rights.
The objectives and strategies for each of the Funds are as follows:
55
investment information
A detailed description of each Fund’s investment policy and, where
applicable, the investment objective, policy and/or prospectus
and financial statements of the underlying fund is available upon
request by writing to the Company at its principal office address
noted on page 4 of this document.
individual FUNDS – Income Funds
DFS GIF – MONEY MARKET
DFS GIF – INCOME – FIERA CAPITAL
Objective of the Fund
Objective of the Fund
To provide a higher level of interest income than can normally be
obtained from savings accounts, combined with a high level of
liquidity and safety of capital.
To provide above-average interest income with some potential
for capital growth by investing primarily in bonds and other
interest-bearing instruments of Canadian federal and provincial
governments and investment-grade corporations.
Strategy of the Fund
To invest primarily in Canadian government treasury bills and
in bankers’ acceptances, which have a maximum maturity
of 12 months. The Fund’s modified duration may not exceed
180 days.
The principal risk factors of this Fund are interest rate and market risk.
Benchmark
FTSE TMX Canada 91 Day Treasury Bills
CIFSC Category: Canadian Money Market
Strategy of the Fund
To place emphasis primarily on medium and long-term maturities.
Such maturities normally provide higher returns and better
potential for capital gains but also higher variability of performance
during periods of rapidly changing interest rates.
The principal risk factors of this Fund are interest rate, market and
some credit risk.
Benchmark
FTSE TMX Canada Universe
CIFSC Category: Canadian Fixed Income
DFS GIF – CANADIAN BOND
Objective of the Fund
To provide regular income and capital security by investing in
a portfolio of fixed-income securities from the Canadian bond
market.
Strategy of the Fund
This Fund, actively managed, aims to provide regular income
and capital security by investing in a portfolio of fixed-income
securities from the Canadian bond market. The Fund employs a
fundamental investment approach targeting a consistent allocation
of value added sources. The strategy seeks to add value through
management of duration, yield curve and credit risk.
The principal risk factors of this Fund are credit risk and interest
rate risk.
Benchmark
FTSE TMX Canada Universe
CIFSC Category: Canadian Fixed Income
56
Contract and Information Folder – April 2017
individual FUNDS – Balanced and Asset Allocation Funds
DFS GIF – D
IVERSIFIED INCOME – FRANKLIN QUOTENTIAL
DFS GIF – B
ALANCED INCOME – FRANKLIN QUOTENTIAL
Objective of the Fund
Objective of the Fund
To provide a balance of capital growth and interest income by
investing primarily in units of an underlying fund in order to gain
the desired exposure to the equity and fixed income markets.
To provide a balance of capital growth and interest income by
investing primarily in units of an individual underlying fund in order
to gain the desired exposure to the equity and fixed income markets.
Strategy of the Fund
Strategy of the Fund
To emphasize investments in fixed income underlying funds in
order to provide income and capital preservation. The Fund also
invests, to a lesser extent, in equity underlying funds in order
to increase the potential for capital appreciation over a longer
investment horizon.
To invest in fixed income underlying funds in order to provide
income and capital preservation. The Fund also invests in equity
underlying funds in order to increase the potential for capital
appreciation over a longer investment horizon.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
Benchmark
Benchmark
Percentage
Percentage
FTSE TMX Canada Universe
45%
FTSE TMX Canada Universe
55%
S&P/TSX
20%
Bloomberg Barclays Multiverse Bond
25%
MSCI All Country World Net
20%
S&P/TSX
15%
Bloomberg Barclays Multiverse Bond
15%
MSCI All Country World Net
5%
CIFSC Category: Global Neutral Balanced
investment information
CIFSC Category: Global Fixed Income Balanced
Contract and Information Folder – April 2017
57
individual FUNDS – Balanced and Asset Allocation Funds
DFS GIF – CANADIAN BALANCED – FIDELITY
DFS GIF – U.S. MONTHLY INCOME – FIDELITY
Objective of the Fund
Objective of the Fund
To achieve high total investment return using a diversified portfolio
targeting long-term capital appreciation and a regular income
stream through investment in any kind of equity or fixed-income
security or money market instrument. The fundamental investment
objective of the Fund is to provide investors with a balanced asset
mix with the potential for capital growth.
To achieve a combination of a steady flow of income and the
potential for capital gains by investing in a mix of U.S. incomeproducing securities.
Strategy of the Fund
Target fixed asset allocation to deliver superior long-term growth
potential and reduced levels of risk. The Fund invests primarily
in a mix of Canadian equity securities, investment grade bonds,
high yield securities and money market instruments. The equity
investment decisions are based on a thorough examination of the
company, financial conditions and long-term earnings potential.
The principal risk factors of this Fund are interest rate risk, special
equities risk, derivatives risk, market risk and credit risk.
Benchmark
Percentage
Strategy of the Fund
The Fund invests primarily in a mix of U.S. income-producing
securities, either directly or indirectly through investments in
underlying funds. The Fund’s neutral mix is 50% exposure to
equity securities and 50% exposure to fixed-income securities.
These securities may be U.S. securities or non-U.S. securities but at
least 70% of the Fund’s net assets will be invested in U.S. dollardenominated investments.
The principal risk factors of this Fund are foreign currency risk,
credit risk, market risk and interest rate risk.
Benchmark
Percentage
Russell 3000 Value
40%
31%
S&P/TSX Capped
50%
FTSE TMX Canada Universe
40%
Bloomberg Barclays U.S. Aggregate Bond
Bank of America ML High Yield Master II
Constrained
Merrill Lynch High Yield Master II
10%
FTSE NAREIT Equity REITs
7%
Bank of America ML all US Convertibles
5%
JP Morgan EMBI Global Diversified
5%
CIFSC Category: Canadian Neutral Balanced
12%
CIFSC Category: Global Neutral Balanced
58
Contract and Information Folder – April 2017
DFS GIF – BALANCED – DESJARDINS SOCIETERRA
Objective of the Fund
To achieve a balance between long-term capital appreciation
and income by investing primarily in Canadian, and to a lesser
extent, foreign equity and fixed-income securities and/or in units
of mutual funds which themselves invest primarily in Canadian
or foreign equity and fixed-income securities. The Fund follows a
socially responsible approach to investing.
Strategy of the Fund
To reach the Fund’s investment objective, selection of the
securities and/or the underlying funds as well as the percentage
of the assets that will be invested in each of these securities or
underlying funds will be based on the following target weightings:
Fixed-income (55%) and Growth (45%).
The principal risk factors of this Fund are foreign currency risk,
credit risk, market risk and interest rate risk.
Benchmark
Percentage
FTSE TMX Canada Universe
55%
MSCI World Net
31%
S&P/TSX
14%
Objective of the Fund
To provide investors with an opportunity to achieve a high rate of
return by investing in a diversified portfolio consisting of a balance
of equity and fixed-income securities of issuers located throughout
the world.
Strategy of the Fund
To provide such an opportunity through a diversified portfolio
consisting of a balance of mainly large cap equity and mainly
investment grade fixed-income securities of issuers located
throughout the world.
The principal risk factors of this Fund are interest rate risk, market
risk, foreign currency risk and credit risk.
Benchmark
Percentage
FTSE TMX Canada Universe
40%
S&P/TSX
22%
S&P 500
16%
MSCI EAFE Net
16%
FTSE TMX Canada 91 Day Treasury Bills
6%
CIFSC Category: Global Neutral Balanced
investment information
CIFSC Category: Canadian Neutral Balanced
DFS GIF – G
LOBAL BALANCED – JARISLOWSKY FRASER
Contract and Information Folder – April 2017
59
individual FUNDS – Balanced and Asset Allocation Funds
DFS GIF – CANADIAN BALANCED – FIERA CAPITAL
Objective of the Fund
To provide investors with a balance of capital growth and
interest income by investing primarily in Canadian fixed income
and equity securities.
Strategy of the Fund
To provide such a balance by investing a portion of its assets in the
common shares of medium and large cap Canadian corporations
and the remainder in Canadian government and Canadian
investment-grade corporate bonds and other interest-bearing
instruments.
The principal risk factors of this Fund are interest rate, market,
derivative and some minor foreign currency and credit risk.
DFS GIF – C
ANADIAN BALANCED – FRANKLIN BISSETT
Objective of the Fund
To provide investors with a balance of current income and longterm capital appreciation primarily through the investment in
Canadian fixed-income and equity securities.
Strategy of the Fund
To provide such an opportunity by investing in a diversified
portfolio of Franklin Bissett mutual funds. The underlying funds
may invest in foreign securities.
The principal risk factors of this Fund are interest rate, market and
some minor foreign currency and credit risk.
Benchmark
Benchmark
Percentage
Percentage
FTSE TMX Canada Universe
35.0%
S&P/TSX Capped
40%
S&P/TSX
32.5%
FTSE TMX Canada Universe
30%
S&P 500
10.0%
MSCI World Net
20%
MSCI EAFE Net
10.0%
FTSE TMX Canada 91 Day Treasury Bills
10%
S&P/TSX Small Cap
5.0%
Bloomberg Barclays U.S. Aggregate Bond
2.5%
J.P. Morgan Global Government Bond
2.5%
MSCI Emerging Markets Net
2.5%
CIFSC Category: Canadian Neutral Balanced
CIFSC Category: Canadian Neutral Balanced
60
Contract and Information Folder – April 2017
DFS GIF – B
ALANCED GROWTH – FRANKLIN
QUOTENTIAL
DFS GIF – CANADIAN BALANCED – CI SIGNATURE
Objective of the Fund
To provide a balance of capital growth and interest income by
investing primarily in units of an individual underlying fund in order
to gain the desired exposure to the equity and fixed income markets.
To provide investors with an attractive balance of current
income and capital appreciation by investing primarily in a
combination of Canadian equity and equity-related securities
and fixed income securities.
Strategy of the Fund
Strategy of the Fund
To emphasize investments in equity underlying funds in order
to increase the potential for capital appreciation over a longer
investment horizon. The Fund also invests, to a lesser extent,
in fixed income underlying funds in order to provide stability.
For the equity portion, the Fund invests primarily in companies
providing a stable income or consistent dividends. For the fixed
income portion, the portfolio advisor selects high-quality fixed
income securities, including bank loans and floating rate debt
instruments but may choose to shift the weighting of the portion
of the Fund held in bonds with longer terms to maturity depending
on the expected fluctuations in interest rates. The Fund may also
invest in foreign securities as well as warrants, and derivatives,
the latter to aid in hedging against potential losses resulting from
changes in the prices of the securities that the Fund has invested in
as well as any exposure from foreign currencies.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
Benchmark
Percentage
FTSE TMX Canada Universe
30%
S&P/TSX
30%
MSCI All Country World Net
30%
Bloomberg Barclays Multiverse Bond
10%
CIFSC Category: Global Equity Balanced
The principal risk factors of this Fund are credit risk, interest rate
risk, special equities risk, market risk, foreign currency risk and
derivatives risk.
Benchmark
Percentage
FTSE TMX Canada Universe
40%
S&P/TSX
30%
MSCI All Country World Net
30%
CIFSC Category: Canadian Neutral Balanced
Contract and Information Folder – April 2017
61
investment information
Objective of the Fund
individual FUNDS – Balanced and Asset Allocation Funds
DFS GIF – income and growth – CI SIGNATURE
DFS GIF – GROWTH AND INCOME – NEI NORTHWEST
Objective of the Fund
Objective of the Fund
The objective of this Fund is to provide a steady flow of
current income while preserving capital by obtaining exposure
primarily to equity, equity related and fixed income securities of
Canadian issuers.
To provide a consistent stream of income and capital appreciation
by investing primarily in a mix of Canadian equities and fixedincome securities.
Strategy of the Fund
The Fund invests in a combination of equity, fixed income and
derivatives. Broadly diversified by sector and style, preferred and
common shares make up portions of the Fund’s investments
in equity securities. The fixed income portion of the Fund’s
investments is comprised of high-yielding government and
corporate bonds, debentures and notes, including some securities
that are unrated or have credit ratings below investment grade.
The Fund may also invest in real estate investment trusts (REITs),
royalty trusts, income trusts and other similar high yielding
instruments.
The principal risk factors of this Fund are market risk, derivatives
risk, currency risk, credit risk, and interest rate risk.
Benchmark
Strategy of the Fund
To invest in a diversified portfolio consisting primarily of a balance
of large cap equity and investment grade fixed-income securities
issued principally by Canadian issuers.
The principal risk factors of this Fund are interest rate, market,
some minor foreign currency and credit risk.
Benchmark
S&P/TSX
55%
FTSE TMX Canada Universe
25%
MSCI World Net
20%
CIFSC Category: Global Equity Balanced
Percentage
S&P/TSX
30%
DFS GIF – GLOBAL GROWTH – NEI SELECT
MSCI All Country World Net
30%
FTSE TMX Canada Universe
15%
Objective of the Fund
Merrill Lynch High Yield Master II
15%
S&P/TSX Composite High Dividend
10%
CIFSC Category: Global Neutral Balanced
Percentage
To provide a balance of capital growth and interest income by
investing primarily in units of individual underlying funds in order
to gain the desired exposure to the equity and fixed income
markets.
Strategy of the Fund
To emphasize investments in equity underlying funds in order
to increase the potential for capital appreciation over a longer
investment horizon. The Fund also invests to a lesser extent, in
fixed income underlying funds in order to provide income and
capital preservation.
The principal risk factors of this Fund are interest rate, credit,
foreign currency, sovereign, market and derivatives risk.
Benchmark
Percentage
MSCI World Net
56%
FTSE TMX Canada Universe
30%
S&P/TSX
14%
CIFSC Category: Global Equity Balanced
62
Contract and Information Folder – April 2017
DFS GIF – canadian asset allocation –
CI Cambridge
DFS GIF – GROWTH – FRANKLIN QUOTENTIAL
Objective of the Fund
The objective of this Fund is to achieve a superior total
investment return directly or indirectly, in a combination
of primarily equity and fixed income securities of Canadian
companies. Indirect investments may include convertible
securities, derivatives, equity-related securities and securities of
other mutual funds.
Strategy of the Fund
The Fund is actively managed with a disciplined bottom-up
selection process. The strategy uses exposure in equity, fixed
income instruments and cash and cash equivalents to achieve
the Fund objective. The investments in each asset class will vary
dependent on market conditions. The Canadian fixed income
securities portion of the portfolio will consist mainly of high quality
government and corporate bonds while foreign securities can make
up part of the equity portion of the portfolio.
The principal risk factors for this Fund are market risk, credit risk,
currency risk, derivatives risk and interest rate risk.
Benchmark
Percentage
S&P/TSX
60%
FTSE TMX Canada Universe
40%
Objective of the Fund
To provide a balance of capital growth and interest income by
investing primarily in units of an individual underlying fund in order
to gain the desired exposure to the equity and fixed income markets.
Strategy of the Fund
To emphasize investments in a diversified mix of equity underlying
funds in order to increase the potential for capital appreciation
over a longer investment horizon. The Fund also invests, to a lesser
extent, in fixed income underlying funds in order to provide income
and capital preservation.
The principal risk factors of this Fund are interest rate, foreign
currency, credit, sovereign, market, special equities and
derivatives risk.
Benchmark
Percentage
MSCI All Country World Net
45%
S&P/TSX
35%
FTSE TMX Canada Universe
15%
Bloomberg Barclays Multiverse Bond
5%
CIFSC Category: Global Equity Balanced
investment information
CIFSC Category: Tactical Balanced
Contract and Information Folder – April 2017
63
individual FUNDS – Canadian Equity Funds
DFS GIF – DIVIDEND INCOME – FRANKLIN BISSETT
DFS GIF – CANADIAN dividend – NEI northwest
Objective of the Fund
Objective of the Fund
The objective of this Fund is to achieve a balance between high
dividend income and capital growth by investing mainly in a
diversified portfolio of blue chip Canadian common stocks and,
to a lesser extent, in high-yield preferred stocks and interest
bearing securities.
To provide the investor with a consistent return through investment
in dividend paying common shares and preferred shares.
Strategy of the Fund
To invest in a diversified portfolio of large cap Canadian issuer
preferred shares and common shares as well as common shares
of large cap United States issuers with long histories of dividend
growth. From time to time the Fund also invests in investment
grade interest-bearing securities to a maximum of 25% of the total
assets of the Fund.
The principal risk factors of this Fund are interest rate, foreign
currency, credit and market risk.
Benchmark
Percentage
S&P/TSX
60%
S&P 500
20%
FTSE TMX Canada Universe
15%
S&P/TSX Preferred Share
CIFSC Category: Canadian Equity Balanced
5%
Strategy of the Fund
The Fund invests in primarily blue chip common stocks but may
also invest in preferred stocks, bonds, purchase warrants and
rights, royalty trusts and income trusts with preference given
to capital growth while still providing a high regular level of
income. Quality liquid corporations whose management has built
shareholder value over time not to mention a proven ability to
generate free cash flow, supporting growth and profitability as
well as providing management with the ability to make strategic
acquisitions, buy back stock and pay increasing dividends are
preferred investments for this Fund. While equity securities
including preferred stocks providing stable income are favoured,
any small, mid and large capitalization Canadian corporations in a
variety of industries meeting these criteria will be considered.
The principal risk factors of this Fund are foreign currency risk,
market risk, and interest rate risk.
Benchmark
S&P/TSX
CIFSC Category: Canadian Dividend & Income Equity
64
Contract and Information Folder – April 2017
DFS GIF – C
ANADIAN EQUITY – JARISLOWSKY
FRASER
DFS GIF – C
ANADIAN EQUITY – FIDELITY
TRUE NORTH®
Objective of the Fund
To achieve long-term capital appreciation while continuing to
emphasize the preservation of capital by investing primarily in large
cap Canadian equity securities.
Objective of the Fund
To achieve strong long-term capital growth by investing primarily
in equity securities of Canadian companies that have a history
of strong capital growth over the long-term. The fundamental
investment of this Fund is to achieve long-term capital
appreciation while still emphasizing the preservation of capital by
investing primarily in Canadian equity securities.
Strategy of the Fund
To invest primarily in Canadian equity securities in areas of the
Canadian economy where superior rates of growth are expected.
The principal risk factor of this Fund is market risk.
Benchmark
S&P/TSX
CIFSC Category: Canadian Equity
Strategy of the Fund
To invest primarily in small, medium and large Canadian
companies. The Fund may also invest in a limited portion of
foreign securities. The Fund may also use, to a lesser degree,
derivatives such as options, futures, forward contracts and swaps
to protect against losses caused by changes in stock prices or
exchange rates.
The principal risk factors of this Fund are special equities risk,
derivatives risk, market risk, interest rate risk, foreign currency risk
and credit risk.
Benchmark
S&P/TSX Capped
investment information
CIFSC Category: Canadian Equity
Contract and Information Folder – April 2017
65
individual FUNDS – Canadian Equity Funds
DFS GIF – CANADIAN EQUITY – FRANKLIN BISSETT
DFS GIF – SPECIALTY EQUITY – NEI NORTHWEST
Objective of the Fund
The fundamental investment objective of this Fund is to achieve
long-term capital appreciation while continuing to emphasize the
preservation of capital by investing primarily in Canadian equity
securities.
Objective of the Fund
To achieve capital appreciation over the longer term by investing
primarily in the equity of smaller, fast growing Canadian
companies with small market capitalizations under a billion dollars.
Strategy of the Fund
To invest primarily in mid to large cap Canadian equity securities
of growth-oriented companies. The Fund may also have a foreign
equity component.
The principal risk factors of this Fund are market and minor foreign
currency risk.
Strategy of the Fund
To invest primarily in common shares and other equity securities
issued by companies that are financially strong and have distinct
competitive advantages at relative valuations.
The principal risk factors of this Fund are special equities and
market risk.
Benchmark
Benchmark
Percentage
S&P/TSX Small Cap
50%
S&P/TSX
S&P/TSX Completion
50%
CIFSC Category: Canadian Equity
CIFSC Category: Canadian Small/Mid Cap Equity
66
Contract and Information Folder – April 2017
DFS GIF – SMALL CAP – FRANKLIN BISSETT
Objective of the Fund
To provide investors with long-term capital appreciation. The
Fund invests mainly in shares of Canadian companies with small
to medium market capitalizations which are expected to provide
above-average returns.
Strategy of the Fund
To be fully diversified at all times to compensate for the volatility
inherent in investing in small capitalization equities.
The principal risk factors of this Fund are market, special equities
and foreign currency risk.
Benchmark
S&P/TSX Small Cap
investment information
CIFSC Category: Canadian Small/Mid Cap Equity
Contract and Information Folder – April 2017
67
individual FUNDS – Foreign Equity Funds
DFS GIF – AMERICAN EQUITY – MFS
DFS GIF – global dividend – desjardins
Objective of the Fund
To outperform the S&P 500.
Objective of the Fund
The objective of this Fund is to provide dividend income and long
term capital appreciation through the investment in equity and
equity related securities of companies around the world, including,
when deemed appropriate, emerging markets.
Strategy of the Fund
To invest mainly in large cap equity securities of corporations
located in the United States.
The principal risk factors of this Fund are special equity, foreign
currency and market risk.
Benchmark
S&P 500
CIFSC Category: U.S. Equity
DFS GIF – AMERICAN EQUITY value – Desjardins
Objective of the Fund
To provide investors with long-term capital growth by investing
primarily in U.S. equities.
Strategy of the Fund
To invest primarily in the common shares of high quality, publicly
traded mid to large United States companies across a wide range
of market sectors.
The principal risk factors of this Fund are foreign currency,
derivatives and market risk.
Strategy of the Fund
In order to achieve its investment objective, the Fund invests in
companies with high dividend yields and whose management
teams optimize their balance sheets through the redemption
of shares or reducing debt or by opting to increase cash flows
sufficiently to allow for the opportunity for dividend growth.
Companies are selected which show stable or high profit growth,
a lower than average debt in comparison to their industry average
and whose securities are traded at a reasonable price in relation
to other companies with similar characteristics. Equity related
securities such as American Depositary Receipts (ADRs) and Global
Depositary Receipts (GDRs) may be used to gain exposure to a
particular stock or sector.
The principal risk factors of this Fund are foreign currency risk,
derivatives risk, sovereign risk and market risk.
Benchmark
MSCI World Net
CIFSC Category: Global Equity
Benchmark
S&P 500
CIFSC Category: U.S. Equity
68
Contract and Information Folder – April 2017
DFS GIF – GLOBAL EQUITY – MFS
Objective of the Fund
To achieve long-term capital growth by investing primarily in equity
securities.
Strategy of the Fund
To control the level of volatility of return relative to the overall
stock markets by maintaining strong geographic diversification
and by investing in attractively-valued securities. The Fund will
primarily invest in common stocks of American, European, and
Asian corporations.
DFS GIF – international EQUITY growth –
desjardins
Objective of the Fund
The objective of this Fund is to achieve long-term capital growth
by investing in equity and equity related securities of companies
located or operating outside of North America, while when
appropriate, also investing in equity and equity related securities
of companies located or operating in emerging markets.
CIFSC Category: Global Equity
Strategy of the Fund
Investment decisions are backed by extensive research and
analysis with preference given to those companies that can
sustain above average growth in earnings and cash flow and
whose securities are traded at a reasonable price. The investment
approach involves a bottom-up, stock driven approach to country
and sector allocation and more specifically, those companies with
sustainable competitive advantages and strong management
teams operating in a favourable market background and display
solid financial characteristics.
DFS GIF – INTERNATIONAL EQUITY – MFS
The principal risk factors of this Fund are market risk, derivatives
risk, foreign currency risk, and sovereign risk.
The principal risk factors of this Fund are foreign currency,
derivatives, sovereign and market risk.
Benchmark
MSCI All Country World Net
Objective of the Fund
The fundamental investment objective of this Fund is to
provide investors with long-term capital growth based on an
internationally diversified equity portfolio by investing primarily
in Europe and the Far East.
Benchmark
MSCI EAFE Net
CIFSC Category: International Equity
investment information
Strategy of the Fund
To invest its assets primarily in the common shares of large
corporations with attractive relative valuations located in many
countries.
The principal risk factors of this Fund are foreign currency,
derivatives, sovereign and market risk.
Benchmark
MSCI EAFE Net
CIFSC Category: International Equity
Contract and Information Folder – April 2017
69
70
Contract and Information Folder – April 2017
Fund Facts – Desjardins Financial Security Guaranteed Investment Funds
The individual Fund Facts give you an idea of what each Fund invests
in, how it has performed and what fees or charges may apply.
We show performance data for our Funds, which include tables,
charts and graphs. The tables show selected key financial
information about each Fund and are intended to help you
understand each Fund’s financial performance since inception.
This information is derived from that particular Fund’s audited
annual financial statements. The returns shown in these Fund Facts
assume no withdrawals are made. It is important to remember
that how the Fund has performed in the past does not necessarily
indicate how it will perform in the future.
Further information about the holdings of the underlying funds is
available upon request.
The description of each Fund in the individual Fund Facts is not
complete without the following description of “What if I change
my mind” and “For more information”.
What if I change my mind?
You can cancel your Contract within two business
days of the earlier of the date you received
confirmation or five business days after it is mailed.
You can also change your mind about subsequent purchases
you make under the Contract within the earlier of two business
days of the date you received confirmation or five business
days after it is mailed to you. In this case, the right to cancel
only applies to the new purchase.
You have to tell your insurer in writing, by email, fax or letter,
that you want to cancel. The amount returned will be the lesser
of your Deposit or its value, if it has gone down. The amount
returned only applies to the specific purchase and will include a
refund of any sales charges or other fees you paid.
For more information
This summary may not contain all the information you need.
Please read the Contract and Information Folder. You may also
contact us at:
Desjardins Financial Security
Mailing Address: 1 Complexe Desjardins, P.O. Box 9000,
Montreal, QC H5B 1H5
Website: desjardinslifeinsurance.com
Email address: [email protected]
Telephone: 1-888-729-3422
fund facts
This section of the Contract and Information Folder contains
individual Funds Facts for each Fund available through your Helios2
Contract. You can choose to invest in one or more of these Funds.
Fax Number: 1-888-926-2987
Contract and Information Folder – April 2017
71
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – conservative
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: February 24, 2014
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 11,770
Series 7: 1,580
Net Asset Value per Unit: Series 6: 5.29
Series 7: 5.36
Number of Units Outstanding (000’s):Series 6: 2,226
Series 7: 295
Management Expense Ratio (MER): Series 6: 2.47%
Series 7: 1.91%
Portfolio Manager: Multi-managers
Portfolio Turnover Rate: 26.04
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in bond (80%) and equity (20%)
underlying funds.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top investments
DGIA Canadian Bond Fund
Desjardins Enhanced Bond Fund
BlackRock CDN US Equity Index Fund
Desjardins Overseas Equity Value Fund
Desjardins Overseas Equity Growth Fund
Franklin Bissett Canadian Equity Fund
BlackRock Active Canadian Equity DC Fund
Fidelity True North® Fund
DSFtotal
FPG – Sécuritaire
DFSTotal
GIF – Conservative
investments: 8
Investment Allocation as at December 31, 2016
79.0%
8.5%
6.4%
5.9%
0.3%
Bonds
Canadian Equity
American Equity
International Equity
Cash / Money Market
55.5%
23.7%
6.4%
3.0%
2.9%
2.9%
2.8%
2.8%
100%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,058. This works out to an average of 2.0% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,071. This works out to an average of 2.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the
past 3 years for a Contract Owner who chose Helios2 – 75/75.
Since February 24, 2014, the Fund went up in value 3 years and
down in value 0 years of the 3.
%
5,0
3.88
3.60
2,5
1.76
1.34
0.96
1.13
0,0
-2,5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
72
10 500
Contract and Information Folder – April 2017
(2) 10 474 $
(1) 10 250 $
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking security of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
3.0%
2.5%
2.0%
0.0%
• When you make a • The deferred sales charge is a set rate.
It is deducted from the amount you sell.
5.5% Deposit, Desjardins
5.0% Financial Security
• You can sell up to 12% of your Units
5.0% pays a gross
each year without paying a deferred sales
4.0% commission of
charge.
4.0% 5.0%.
• You can switch to Units of other Funds
3.0% • Any deferred sales
under the insurance contract at any time,
2.0% charge you pay
provided both Funds are offered under
0.0% goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
73
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – conservative
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.47%
1.91%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.50%
0.80%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
74
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – moderate
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: February 24, 2014
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 22,168
Series 7: 4,146
Net Asset Value per Unit: Series 6: 5.40
Series 7: 5.48
Number of Units Outstanding (000’s):Series 6: 4,108
Series 7: 756
Management Expense Ratio (MER): Series 6: 2.50%
Series 7: 1.95%
Portfolio Manager: Multi-managers
Portfolio Turnover Rate: 15.07
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in bond (65%) and equity (35%)
underlying funds.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top investments
DGIA Canadian Bond Fund
Desjardins Enhanced Bond Fund
BlackRock CDN US Equity Index Fund
Desjardins Overseas Equity Value Fund
Desjardins Overseas Equity Growth Fund
Franklin Bissett Canadian Equity Fund
BlackRock Active Canadian Equity DC Fund
Fidelity True North® Fund
Cash and Cash Equivalents
DSFtotal
FPG – Modéré
DFSTotal
GIF – Moderate
investments: 9
Investment Allocation as at December 31, 2016
44.0%
18.8%
10.9%
5.2%
5.0%
4.9%
4.8%
4.7%
1.7%
100%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,079. This works out to an average of 2.0% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,096. This works out to an average of 3.3% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
3 years for a Contract Owner who chose Helios2 – 75/75.
Since February 24, 2014, the Fund went up in value 3 years and
down in value 0 years of the 3.
%
10
61.8%
14.2%
10.7%
10.0%
3.3%
Bonds
Canadian Equity
American Equity
International Equity
Cash / Money Market
5
4.52
4.15
2.16
2.67
2.10
fund facts
1.50
0
-5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
Contract and Information Folder – April 2017
10 500
75
(2) 10 474 $
(1) 10 250 $
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – moderate
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect a Contract Owner’s Deposit if markets
go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a conservative capital growth and interest income.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
76
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5 %
5.0 %
5.0 %
4.0 %
4.0 %
3.0 %
2.0 %
0.0 %
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.50%
1.95%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.55%
0.90%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
fund facts
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
77
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – balanced
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: February 24, 2014
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 46,933
Series 7: 6,904
Net Asset Value per Unit: Series 6: 5.49
Series 7: 5.58
Number of Units Outstanding (000’s):Series 6: 8,543
Series 7: 1,238
Management Expense Ratio (MER): Series 6: 2.56%
Series 7: 2.07%
Portfolio Manager: Multi-managers
Portfolio Turnover Rate: 9.21
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in bond (50%) and equity (50%)
underlying funds.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top investments
DGIA Canadian Bond Fund
BlackRock CDN US Equity Index Fund
Desjardins Enhanced Bond Fund
Desjardins Overseas Equity Value Fund
Desjardins Overseas Equity Growth Fund
Franklin Bissett Canadian Equity Fund
BlackRock Active Canadian Equity DC Fund
Fidelity True North® Fund
Cash and Cash Equivalents
DSFtotal
FPG – Équilibré
DFSTotal
GIF – Balanced
investments: 9
Investment Allocation as at December 31, 2016
33.8%
15.7%
14.5%
7.4%
7.1%
6.9%
6.9%
6.8%
0.9%
100%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,099. This works out to an average of 3.4% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,115. This works out to an average of 3.9% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
3 years for a Contract Owner who chose Helios2 – 75/75.
Since February 24, 2014, the Fund went up in value 3 years and
down in value 0 years of the 3.
%
10
47.9%
20.4%
15.6%
14.4%
1.7%
Bonds
Canadian Equity
American Equity
International Equity
Cash / Money Market
5
4.72
4.17
2.69
2.16
3.72
3.25
0
-5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
78
10 500
Contract and Information Folder – April 2017
(2) 10 474 $
(1) 10 250 $
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect a Contract Owner’s Deposit if markets
go down. (The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balance of current income and capital appreciation.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
79
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – balanced
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.56%
2.07%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
0.90%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
80
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – growth
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: February 24, 2014
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 32,851
Series 7: 4,195
Net Asset Value per Unit: Series 6: 5.64
Series 7: 5.71
Number of Units Outstanding (000’s):Series 6: 5,823
Series 7: 735
Management Expense Ratio (MER): Series 6: 2.58%
Series 7: 2.07%
Portfolio Manager: Multi-managers
Portfolio Turnover Rate: 12.65
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in bond (35%) and equity (65%)
underlying funds.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top investments
DGIA Canadian Bond Fund
BlackRock CDN US Equity Index Fund
Desjardins Enhanced Bond Fund
Desjardins Overseas Equity Value Fund
Desjardins Overseas Equity Growth Fund
BlackRock Active Canadian Equity DC Fund
Franklin Bissett Canadian Equity Fund
Fidelity True North® Fund
Cash and Cash Equivalents
DSFtotal
FPG – Croissance
investments: 9
DFSTotal
GIF – Growth
Investment Allocation as at December 31, 2016
33.3%
26.4%
20.3%
18.5%
1.5%
Bonds
Canadian Equity
American Equity
International Equity
Cash / Money Market
23.5%
20.4%
10.0%
9.5%
9.1%
9.0%
8.9%
8.7%
0.9%
100%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,128. This works out to an average of 4.3% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,142. This works out to an average of 4.8% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
3 years for a Contract Owner who chose Helios2 – 75/75.
Since February 24, 2014, the Fund went up in value 3 years and
down in value 0 years of the 3.
%
10
5.60
5.27
4.78
4.31
5
3.19
fund facts
2.76
0
-5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
Contract and Information Folder – April 2017
10 500
81
(2) 10 474 $
(1) 10 250 $
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – growth
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long term capital growth and income.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
82
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the Contract
each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see
the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.58%
2.07%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
1.15%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
83
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – maximum growth
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: February 24, 2014
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 2,414
Series 7: 463
Net Asset Value per Unit: Series 6: 5.74
Series 7: 5.81
Number of Units Outstanding (000’s):Series 6: 421
Series 7: 80
Management Expense Ratio (MER): Series 6: 2.70%
Series 7: 2.24%
Portfolio Manager: Multi-managers
Portfolio Turnover Rate: 27.37
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in bond (20%) and equity (80%)
underlying funds.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top investments
BlackRock CDN US Equity Index Fund
DGIA Canadian Bond Fund
Desjardins Overseas Equity Value Fund
BlackRock Active Canadian Equity DC Fund
Desjardins Overseas Equity Growth Fund
Franklin Bissett Canadian Equity Fund
Fidelity True North® Fund
Desjardins Enhanced Bond Fund
Cash and Cash Equivalents
DSFtotal
FPG – Croissance maximale
DFSTotal
GIF – Maximum
Growth
investments:
9
Investment Allocation as at December 31, 2016
25.4%
13.3%
11.6%
11.2%
11.2%
10.9%
10.6%
5.7%
0.1%
100%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,147. This works out to an average of 4.9% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,162. This works out to an average of 5.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
3 years for a Contract Owner who chose Helios2 – 75/75.
Since February 24, 2014, the Fund went up in value 3 years and
down in value 0 years of the 3.
%
10
32.7%
25.4%
22.8%
19.0%
0.1%
Canadian Equity
American Equity
International Equity
Bonds
Cash / Money Market
5
6.05
5.68
5.39
4.88
3.99
3.51
0
-5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
84
10 500
Contract and Information Folder – April 2017
(2) 10 474 $
(1) 10 250 $
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long term capital growth.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
85
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – maximum growth
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the Contract
each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees work, see
the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.70%
2.24%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
86
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – money market
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: November 15, 1995
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 10,738
Series 7: 2,503
Net Asset Value per Unit: Series 6: 5.03
Series 7: 5.10
Number of Units Outstanding (000’s):Series 6: 2,137
Series 7: 491
Management Expense Ratio (MER): Series 6: 1.13%
Series 7: 0.58%
Portfolio Manager: Desjardins Global Asset Management
Portfolio Turnover Rate: 43.22
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Top ten investments of the underlying fund
Royal Bank of Canada, 2.364%, September 21, 2017
Société de transport de Montréal,
Notes, March 15, 2017
Canadian Imperial Bank of Commerce,
Floating Rate, February 9, 2018
National Bank of Canada, 2.689%, August 21, 2017
Daimler Canada Finance, 2.28%, February 17, 2017
Toyota Credit Canada, Notes, May 16, 2017
Scotiabank, Notes, January 19, 2017
Gaz Métro, Notes, January 6, 2017
Toronto-Dominion Bank, Notes, November 6, 2017
Bank of Montreal, Floating Rate, March 29, 2018
DSFTotal
FPG – Marché monétaire
DFSTotal
GIF – Money
Market 34
investments:
8.6%
7.7%
6.5%
5.5%
5.4%
4.7%
4.6%
4.6%
4.5%
4.3%
56.6%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,005. This works out to an average of 0.2% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,020. This works out to an average of 0.7% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
5.0
2.34
2.5
Investment Allocation as at December 31, 2016
0.42
0.01 0.23 0.11
0.0
-0.26
52.0%
19.2%
12.2%
5.6%
5.0%
4.6%
1.5%
Corporate Bonds
Commercial Paper
Provincial Bonds
Discount Notes
Treasury Bills
Bankers’ Acceptances
Cash / Money Market
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
0.17
0.64
0.24
0.75
-0.08
-2.5
-5.0
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
-0.54
0.64
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
87
9 500
fund facts
This Fund invests in the DGIA Money Market Fund.
The underlying fund invests in Canadian treasury bills
and bankers acceptances.
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – money market
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking liquidity and security of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
88
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
1.13%
0.58%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.25%
0.25%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 0.25% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.00% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 0.25% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.00% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.20% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
89
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – income – fiera capital
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: November 15, 1995
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 9,559
Series 7: 1,124
Net Asset Value per Unit: Series 6: 5.30
Series 7: 5.37
Number of Units Outstanding (000’s):Series 6: 1,803
Series 7: 209
Management Expense Ratio (MER): Series 6: 1.78%
Series 7: 1.20%
Portfolio Manager: Fiera Capital Corporation
Portfolio Turnover Rate: 289.12
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests mainly in Canadian bonds.
Top investments
Government of Canada, 0.25%, May 1, 2018
Fiera Active Short Term Canadian Municipal
Bond Fund
Province of Ontario, 2.85%, June 2, 2023
Province of Ontario, 3.50%, June 2, 2024
Ontario School Boards Financing Corporation,
7.20%, June 9, 2025
Government of Canada, 0.50%, February 1, 2019
Royal Office Finance, 5.209%, November 12, 2032
Province of Ontario, 2.80%, June 2, 2048
Province of Ontario, 2.90%, December 2, 2046
Province of Quebec, 3.50%, December 1, 2045
DSFTotal
FPG – Revenu - Fiera Capital
DFS GIF – Income - Fiera Capital
Total investments: 101
12.9%
9.2%
8.0%
4.0%
2.9%
2.9%
2.3%
2.2%
2.2%
2.0%
48.6%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,060. This works out to an average of 2.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,075. This works out to an average of 2.6% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 9 years and down in value 1 year of
the 10.
%
10
8.45
Investment Allocation as at December 31, 2016
36.9%
32.4%
19.9%
9.2%
0.7%
0.6%
0.2%
0.1%
Corporate Bonds
Provincial Bonds
Federal Bonds
Investment Funds
Asset-Back Securities
Cash / Money Market
Mortgage-Backed Securities
American Bonds
5.61
5.56
5
4.40
4.06
4.84
2.53
1.94
1.47
1.96
0.08
0.55
0
-3.33
-5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
2007* 2008 2009 2010 2011 2012 2013
Series 5
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
90
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking interest income with the potential for capital growth.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
91
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – income – fiera capital
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
1.78%
1.20%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.35%
0.45%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 0.50% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.15% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 0.50% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.15% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.45% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
92
Contract and Information Folder – April 2017
1. Desjardins Financial Security Life Assurance Company – Helios2 Contract
DFS GIF – Canadian Bond
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 19, 2015
Series 6: October 19, 2015
Series 7: October 19, 2015
Total Value (000’s): Series 6: 5,441
Series 7: 170
Net Asset Value per Unit: Series 6: 5.05
Series 7: 5.08
Number of Units Outstanding (000’s):Series 6: 1,076
Series 7: 34
Management Expense Ratio (MER): Series 6: 1.78%
Series 7: 1.22%
Portfolio Manager: Desjardins Global Asset Management
Portfolio Turnover Rate: 10.91
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in the DGIA Canadian Bond Fund. The underlying
fund invests primarily in Canadian government and corporate
bonds.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top ten investments of the underlying fund
Canada Housing Trust, 1.25%, June 15, 2021
Province of Ontario, 2.60%, June 2, 2025
Province of Ontario, 2.10%, September 8, 2019
Canada Housing Trust, 2.00%, December 15, 2019
NHA MBS Merrill Lynch, 1.35%, May 1, 2020
Government of Canada, 1.50%, June 1, 2026
Financement-Québec, 2.45%, December 1, 2019
Province of Ontario, 2.85%, June 2, 2023
Canada Housing Trust, 2.90%, June 15, 2024
Government of Canada, 5.00%, June 1, 2037
DSFTotal
FPG – Obligations canadiennes
DFSTotal
GIF – Canadian
Bond 318
investments:
Investment Allocation as at December 31, 2016
6.8%
4.1%
4.0%
3.8%
3.1%
2.6%
2.6%
2.5%
2.4%
2.3%
34.2%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on
the Guarantee you choose and on your personal tax situation.
The returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
Average return
A Contract Owner who deposited $1,000 in the Fund and chose
Helios2 – 75/75 on October 19, 2015 and Series 6 now has $1,011.
This works out to an average of 0.9% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on October 19, 2015 and Series 7
now has $1,017. This works out to an average of 1.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
2 years for a Contract Owner who chose Helios2 – 75/75. Since
October 19, 2015, the Fund went up in value 2 years and down in
value 0 years of the 2.
%
10
Federal Bonds
Provincial Bonds
Corporate Bonds
Municipal Bonds
Cash / Money Market
5
1.01
0.92
fund facts
35.2%
35.1%
27.8%
1.2%
0.7%
0.67
0.16
0
-5
2015*
Series 6
2016
Series 7
* Return is for a partial year from date first offered for sale.
Contract and Information Folder – April 2017
$
11 000
93
1. Desjardins Financial Security Life Assurance Company – Helios2 Contract
DFS GIF – Canadian Bond
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking interest income with stability of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
94
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
It is deducted from the amount you sell.
Deposit, Desjardins
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB and
are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about
how the guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
1.78%
1.22%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.35%
0.45%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 0.50% of the market value of the Units attributed to this Fee Option each year.
• Low Load – 0.15% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 0.50%
of the market value of the Units attributed to this Fee Option each year thereafter.
• Deferred Sales Charge – 0.15% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.45% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a fee of
2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect, including
but this is not limited to transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in
writing within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you.
Please see page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without
page 71.
Contract and Information Folder – April 2017
95
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Diversified Income – FRANKLIN Quotential
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 30, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 30,636
Series 7: 3,737
Net Asset Value per Unit: Series 6: 5.28
Series 7: 5.36
Number of Units Outstanding (000’s):Series 6: 5,801
Series 7: 697
Management Expense Ratio (MER): Series 6: 2.70%
Series 7: 2.18%
Portfolio Manager: Franklin Templeton Investments Corp.
Portfolio Turnover Rate: 6.52
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Franklin Quotential Diversified Income
Portfolio. The underlying fund invests in bond (80%) and equity
(20%) funds.
Top ten investments of the underlying fund
Franklin Bissett Core Plus Bond Fund
Franklin Strategic Income Fund
Franklin Bissett Canadian Short Term Bond Fund
Templeton Global Bond Fund
Cash and Cash Equivalents
Franklin Bissett Canadian Dividend Fund
iShares TIPS Bond ETF
Franklin U.S. Rising Dividends Fund
Franklin Bissett Canadian Governement Fund
iShares Intermediate Credit Bond ETF
DSFtotal
FPG – Revenu diversifié - Franklin Quotentiel
DFSTotal
GIF – Diversifid
Income22- Franklin Quotential
investments:
24.4%
9.9%
9.7%
8.9%
7.7%
5.3%
4.1%
3.7%
3.3%
2.6%
79.6%
Investment Allocation as at December 31, 2016
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,056. This works out to an average of 1.9% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,072. This works out to an average of 2.5% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 8 years and down in value 2 years of
the 10.
%
20
14.33
10
7.94
5.90
4.82
2.32
37.3%
18.8%
15.0%
8.1%
7.7%
7.4%
5.7%
Canadian Bonds
Foreign Bonds
Derivative Financial Instruments
Foreign Equity
Cash / Money Market
Canadian Equity
American Equity
0
-10
-20
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
1.22 1.74
-0.20
-10.12
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
2.02 2.59 2.29 2.69
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
96
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking security of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
97
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Diversified Income – FRANKLIN Quotential
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.70%
2.18%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.65%
0.90%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
98
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Balanced Income – FRANKLIN Quotential
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 30, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 23,360
Series 7: 4,770
Net Asset Value per Unit: Series 6: 5.45
Series 7: 5.51
Number of Units Outstanding (000’s):Series 6: 4,289
Series 7: 865
Management Expense Ratio (MER): Series 6: 2.75%
Series 7: 2.28%
Portfolio Manager: Franklin Templeton Investments Corp.
Portfolio Turnover Rate: 5.26
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Franklin Quotential Balanced Income
Portfolio. The underlying fund invests in bond (60%) and equity
(40%) funds.
Top ten investments of the underlying fund
Franklin Bissett Core Plus Bond Fund
27.9%
Franklin Strategic Income Fund
7.4%
Templeton Global Bond Fund
6.4%
Franklin Bissett Canadian Equity Fund
4.3%
Franklin U.S. Rising Dividends Fund
4.0%
iShares TIPS Bond ETF
3.9%
Franklin U.S. Core Equity Fund
3.7%
Franklin Bisset All Canadian Focus Fund
3.4%
Franklin Mutual European Fund
2.8%
Franklin U.S. Opportunities Fund
2.7%
DSFTotal
FPG – Équilibré de revenu - Franklin Quotentiel 66.6%
DFSTotal
GIF – Balanced
Income28- Franklin Quotential
investments:
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,089. This works out to an average of 3.0% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,103. This works out to an average of 3.5% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
30
19.95
20
Investment Allocation as at December 31, 2016
Canadian Bonds
Derivative Financial Instruments
Foreign Bonds
Canadian Equity
American Equity
Foreign Equity
Cash / Money Market
0
3.36 3.70 4.02 4.45
1.33 1.82
-2.07
-10
-20
-30
-18.96
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
-1.03
5.14
Series 6
2014*
2015
fund facts
30.2%
17.1%
13.8%
12.0%
10.4%
8.6%
8.0%
9.16
7.95
10
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
99
9 500
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Balanced Income – FRANKLIN Quotential
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking security and potential long term capital growth.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
100
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.75%
2.28%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.65%
0.95%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
101
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – Fidelity
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 1, 2008
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 35,640
Series 7: 1,753
Net Asset Value per Unit: Series 6: 5.73
Series 7: 5.81
Number of Units Outstanding (000’s):Series 6: 6,218
Series 7: 302
Management Expense Ratio (MER): Series 6: 2.81%
Series 7: 2.28%
Portfolio Manager: Fidelity Investments Canada ULC
Portfolio Turnover Rate: 9.00
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Fidelity Canadian Balanced Fund.
The underlying fund invests in Canadian bonds (40%),
Canadian equities (50%), as well as high yield bonds (10%).
Top ten investments of the underlying fund
Royal Bank of Canada
Toronto-Dominion Bank
Restaurant Brands International
Scotiabank
Canadian Pacific Railway
Enbridge
Sun Life Financial
Canadian Natural Resources
Waste Connections
Brookfield Asset Management
DSFTotal
FPG – Canadien équilibré - Fidelity
DFSTotal
GIF – Canadian
Balanced
investments:
991- Fidelity
4.9%
3.7%
2.7%
2.6%
2.6%
2.1%
1.9%
1.7%
1.5%
1.4%
24.9%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,146. This works out to an average of 4.9% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,162. This works out to an average of 5.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of
the past 9 years for a Contract Owner who chose the
Guarantee 75/75 (from 2008 to 2013) or Helios2 – 75/75.
Since December 1, 2008, the Fund went up in value 8 years
and down in value 1 year of the 9.
%
25
21.27
20
Investment Allocation as at December 31, 2016
15
43.2%
37.4%
10.4%
7.6%
1.3%
0.1%
Canadian Equity
Canadian Bonds
Foreign Bonds
Foreign Equity
Cash / Money Market
Convertible Securities
12.39
11.80
10
5
6.52
5.14
3.58
6.88
2.81
3.33
4.68
5.22
0
-1.94
-5
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2008 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
2008* 2009 2010 2011 2012 2013
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
102
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth and who wants the convenience of a diversified portfolio in a
single fund.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
103
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – Fidelity
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.81%
2.28%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
n/a
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
104
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – U.S. Monthly Income – Fidelity
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 19, 2015
Series 6: October 19, 2015
Series 7: October 19, 2015
Total Value (000’s): Series 6: 5,614
Series 7: 662
Net Asset Value per Unit: Series 6: 5.54
Series 7: 5.58
Number of Units Outstanding (000’s):Series 6: 1,013
Series 7: 119
Management Expense Ratio (MER): Series 6: 2.89%
Series 7: 2.39%
Portfolio Manager: Fidelity Investments Canada ULC
Portfolio Turnover Rate: 9.39
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in the Fidelity U.S. Monthly Income Fund.
The underlying fund invests primarily in American equity
securities (50%) and bonds (50%).
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top ten investments of the underlying fund
JPMorgan Chase & Company
Freddie Mac, 3.50%, 30 Year
Williams Companies
Cisco Systems
General Electric Company
U.S. Treasury Note, 1.25%, October 31, 2021
U.S. Treasury Note, 1.25%, March 31, 2021
U.S. Treasury Note, 0.375%, July 15, 2025
Chevron Corporation
Procter & Gamble Company
DSFTotal
FPG – Revenu mensuel américain - Fidelity
DFSTotal
GIF – U .S .
Monthly Income
investments:
2,436 - Fidelity
Investment Allocation as at December 31, 2016
1.7%
1.3%
1.2%
1.2%
1.1%
1.1%
1.0%
1.0%
1.0%
1.0%
11.7%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on
the Guarantee you choose and on your personal tax situation.
The returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
Average return
A Contract Owner who deposited $1,000 in the Fund and chose
Helios2 – 75/75 on October 19, 2015 and Series 6 now has $1,109.
This works out to an average of 8.9% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on October 19, 2015 and Series 7
now has $1,117. This works out to an average of 9.6% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
2 years for a Contract Owner who chose Helios2 – 75/75. Since
October 19, 2015, the Fund went up in value 2 years and down in
value 0 years of the 2.
%
10
American Equity
American Bonds
Cash / Money Market
Convertible Securities
Corporate Bonds
5.73
5.59
5.64
5.00
5
fund facts
47.8%
42.4%
4.6%
4.4%
0.8%
0
-5
2015*
Series 6
2016
Series 7
* Return is for a partial year from date first offered for sale.
Contract and Information Folder – April 2017
$
11 000
105
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – U.S. Monthly Income – Fidelity
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking interest income with stability of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
106
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load sales
commission of
charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB and
are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about
how the guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.89%
2.39%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
n/a
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 1.00%
of the market value of the Units attributed to this Fee Option each year thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but this is not limited to transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
107
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Balanced – Desjardins SocieTerra
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 19, 2015
Series 6: October 19, 2015
Series 7: October 19, 2015
Total Value (000’s): Series 6: 7,139
Series 7: 1,380
Net Asset Value per Unit: Series 6: 5.20
Series 7: 5.23
Number of Units Outstanding (000’s):Series 6: 1,374
Series 7: 264
Management Expense Ratio (MER): Series 6: 2.70%
Series 7: 2.11%
Portfolio Manager: Desjardins Funds
Portfolio Turnover Rate: 7.74
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in the Desjardins SocieTerra Balanced
Portfolio. The underlying fund invests in fixed income
(55%) and equities (45%) securities.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. Returns are after the MER
has been deducted.
Top investments of the underlying fund
Desjardins SocieTerra Canadian Bond Fund
NEI Ethical Canadian Equity Fund
Desjardins SocieTerra American Equity Fund
NEI Ethical International Equity Fund
Desjardins SocieTerra Environment Fund
Desjardins SocieTerra Environmental Bond Fund
NEI Ethical Special Equity Fund
Desjardins SocieTerra Cleantech Fund
Cash and Cash Equivalents
DSFTotal
FPG – Équilibré - Desjardins SociéTerre
DFSTotal
GIF – Balanced
- Desjardins
SocieTerra
investments:
8
47.4%
12.5%
11.7%
10.8%
7.5%
5.3%
2.8%
1.6%
0.4%
100%
Investment Allocation as at December 31, 2016
21.4%
17.2%
14.0%
13.3%
12.9%
10.0%
6.2%
4.2%
0.8%
Cash / Money Market
Provincial Bonds
Canadian Equity
International Equity
Corporate Bonds
Federal Bonds
Mortgage-Backed Securities
American Equity
Municipal Bonds
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on
the Guarantee you choose and on your personal tax situation.
The returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
Average return
A Contract Owner who deposited $1,000 in the Fund and chose
Helios2 – 75/75 on October 19, 2015 and Series 6 now has
$1,039. This works out to an average of 3.3% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on October 19, 2015 and Series 7
now has $1,045. This works out to an average of 3.7% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
2 years for a Contract Owner who chose Helios2 – 75/75. The
Fund went up in value 2 years and down in value 0 years of the 2.
%
10
5
1.73
1.64
2.72
2.27
0
-5
2015*
Series 6
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
108
Contract and Information Folder – April 2017
10 500
(2) 10 474 $
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking interest income with stability of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load sales
commission of
charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate. It is
Deposit, Desjardins
deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
109
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Balanced – Desjardins SocieTerra
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB and
are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about
how the guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.70%
2.11%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.65%
1.10%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 1.00%
of the market value of the Units attributed to this Fee Option each year thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but this is not limited to transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
110
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Global Balanced – Jarislowsky Fraser
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: November 17, 2003
Series 6: October 19, 2015
Series 7: October 19, 2015
Total Value (000’s): Series 6: 32,488
Series 7: 4,377
Net Asset Value per Unit: Series 6: 5.29
Series 7: 5.31
Number of Units Outstanding (000’s): Series 6: 6,145
Series 7: 824
Management Expense Ratio (MER): Series 6: 2.68%
Series 7: 2.18%
Portfolio Manager: Jarislowsky, Fraser Limited
Portfolio Turnover Rate: 9.73
Minimum Deposit: $500
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in the Jarislowsky Fraser Global Balanced
Fund. The underlying fund invests primarily in bonds and
(46%) and equities (54%) from around the world.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. The performance shown for
2007-2014 is for the Series 5. That Series is not available under
this Contract and Information Folder. Returns are after the MER
has been deducted. The returns for the Fund for Series 6 and
Series 7 will vary due to differences in the MER.
Jarislowsky Fraser International Pooled Fund
Toronto-Dominion Bank
Jarislowsky Fraser Special Equity Fund
Province of Ontario, 2.40%, June 2, 2026
Royal Bank of Canada
Scotiabank
Enbridge
Canadian Natural Resources
Microsoft Corporation
Canadian National Railway Company
DSFTotal
FPG – Global équilibré - Jarislowsky Fraser
DFSTotal
GIF – investments:
Global Balanced184
- Jarislowsky Fraser
Investment Allocation as at December 31, 2016
31.6%
22.6%
20.4%
18.4%
6.9%
Canadian Bonds
Canadian Equity
American Equity
International Equity
Cash / Money Market
18.5%
2.0%
1.7%
1.7%
1.6%
1.4%
1.2%
1.1%
1.1%
1.0%
31.2%
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and chose
Helios2 – 75/75 on October 19, 2015 and Series 6 now has
$1,057. This works out to an average of 4.7% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on October 19, 2015 and Series 7
now has $1,063. This works out to an average of 5.2% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2014) or Helios2 – 75/75. Since October 29, 2007,
the Fund was up in value 7 years and down in value 3 years of
the 10.
%
20
15.69
10.47
10
7.80
8.75
3.86
0
-0.03
2.48
2.62
3.17
3.58
-0.13
-10
-14.15
-20
2007* 2008 2009 2010 2011 2012 2013 2014
Series 5
Series 6
2015*
2016
Series 7
* Return is for a partial year from date first offered for sale.
Contract and Information Folder – April 2017
$
11 000
111
fund facts
Top ten investments of the underlying fund
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Global Balanced – Jarislowsky Fraser
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking interest income with stability of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
• When you make a • The low load sales charge is a set rate. It
is deducted from the amount you sell.
Deposit, Desjardins
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load sales
commission of
charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
112
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
3.0%
2.5%
2.0%
0.0%
• When you make a • The deferred sales charge is a set rate. It is
deducted from the amount you sell.
5.5% Deposit, Desjardins
5.0% Financial Security
• You can sell up to 12% of your Units
5.0% pays a gross
each year without paying a deferred sales
4.0% commission of
charge.
4.0% 5.0%.
• You can switch to Units of other Funds
3.0% • Any deferred sales
under the insurance contract at any time,
2.0% charge you pay
provided both Funds are offered under
0.0% goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB and
are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about
how the guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.68%
2.18%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.65%
1.10%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 1.00%
of the market value of the Units attributed to this Fee Option each year thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but this is not limited to transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
113
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – Fiera CAPITAL
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: November 15, 1995
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 13,242
Series 7: 918
Net Asset Value per Unit: Series 6: 5.80
Series 7: 5.88
Number of Units Outstanding (000’s):Series 6: 2,283
Series 7: 156
Management Expense Ratio (MER): Series 6: 2.57%
Series 7: 2.08%
Portfolio Manager: Fiera Capital Corporation
Portfolio Turnover Rate: 117.30
Minimum Deposit: Variable
3. What does this Fund invest in?
The returns for the Fund for Series 6 and Series 7 will vary due
to differences in the MER.
This Fund invests primarily in Canadian bonds and treasury bills
(40%), Canadian equities (40%), as well as world equities
(20%).
Top investments
Fiera Global Equity Fund
Canada Treasury Bills, March 9, 2017
Royal Bank of Canada
Toronto-Dominion Bank
Scotiabank
Government of Canada, 0.25%, May 1, 2018
Canadian Natural Resources
Manulife Financial Corporation
CGI Group
Canadian National Railway Company
Total
20.3%
5.1%
4.0%
3.9%
3.2%
2.8%
2.4%
2.3%
2.3%
1.9%
48.2%
Total investments: 144
DSF FPG – Canadien équilibré - Fiera Capital
DFS GIF – Canadian Balanced - Fiera Capital
Investment Allocation as at December 31, 2016
20.3%
17.4%
12.2%
10.4%
8.0%
7.2%
5.4%
5.1%
4.6%
4.3%
2.3%
1.9%
0.6%
0.2%
0.1%
Investment Funds
Financials
Energy
Cash / Money Market
Provincial Bonds
Corporate Bonds
Materials
Federal Bonds
Consumer Discretionary
Industrials
Information Technology
Consumer Staples
Utilities
Health Care
Asset-Back Securities
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,160. This works out to an average of 5.4% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,177. This works out to an average of 5.9% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
30
18.27
20
11.88
7.89
10
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted.
6.56 7.06
1.82
2.31
0
-2.64
-6.01
-10
-20
-30
-18.97
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
6.93 7.42
3.27
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
114
Contract and Information Folder – April 2017
10 000
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking conservative capital growth and interest income.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
115
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – Fiera capital
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.57%
2.08%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.65%
1.15%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
116
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – FRANKLIN Bissett
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 5, 2005
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 35,937
Series 7: 3,487
Net Asset Value per Unit: Series 6: 5.45
Series 7: 5.52
Number of Units Outstanding (000’s):Series 6: 6,591
Series 7: 632
Management Expense Ratio (MER): Series 6: 2.61%
Series 7: 2.11%
Portfolio Manager: Bissett Investment Management
Portfolio Turnover Rate: 7.99
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Top ten investments of the underlying fund
Franklin Bissett Canadian Equity Fund
Franklin Bissett Corporate Bond Fund
Franklin Bissett Core Plus Bond Fund
Franklin Bissett Monthly Income and Growth Fund
Franklin Bissett U.S. Focus Fund
Franklin Bisset All Canadian Focus Fund
Franklin Bissett Microcap Fund
Franklin Bissett Small Cap Fund
Templeton EAFE Developed Markets Fund
Franklin U.S. Rising Dividends Fund
DSFTotal
FPG – Canadien équilibré - Franklin Bissett
DFS GIF – Canadian Balanced - Franklin Bissett
Total investments: 17
15.9%
14.7%
14.6%
6.4%
6.3%
6.1%
5.9%
5.3%
4.2%
4.2%
83.6%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,091. This works out to an average of 3.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,104. This works out to an average of 3.5% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 6 years and down in value 4 years of
the 10.
%
30
19.16
20
15.86
Investment Allocation as at December 31, 2016
9.96
10.97 11.47
9.32
10
2.10
43.8%
30.4%
11.0%
10.5%
3.9%
0.6%
Canadian Equity
Canadian Bonds
International Equity
American Equity
Others
Cash / Money Market
0
-1.51
-1.69
-3.75 -3.26
-10
-20
-30
-20.14
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
2.37
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
117
9 500
fund facts
This Fund invests in the Franklin Bissett Canadian Balanced Fund.
The underlying fund invests in Canadian bonds (40%) and world
equities (60%).
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – FRANKLIN Bissett
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking conservative capital growth and interest income.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
118
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.61%
2.11%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.60%
1.10%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
119
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Balanced growth – FRANKLIN Quotential
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 11, 2006
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 32,581
Series 7: 4,108
Net Asset Value per Unit: Series 6: 5.53
Series 7: 5.60
Number of Units Outstanding (000’s):Series 6: 5,896
Series 7: 734
Management Expense Ratio (MER): Series 6: 2.79%
Series 7: 2.29%
Portfolio Manager: Franklin Templeton Investments Corp.
Portfolio Turnover Rate: 3.18
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Franklin Quotential Balanced Growth
Portfolio. The underlying fund invests in bond (40%) and equity
(60%) funds.
Top ten investments of the underlying fund
Franklin Bissett Core Plus Bond Fund
18.9%
Franklin U.S. Rising Dividends Fund
6.4%
Franklin U.S. Core Equity Fund
6.0%
Franklin Bissett Canadian Equity Fund
5.7%
Franklin Strategic Income Fund
5.0%
Franklin Mutual European Fund
4.7%
Franklin Bisset All Canadian Focus Fund
4.5%
Franklin U.S. Opportunities Fund
4.4%
Templeton Global Bond Fund
4.3%
Franklin Templeton Canadian Large Cap Fund
3.4%
Total
63.1%
DSF FPG – Équilibré de croissance - Franklin Quotentiel
DFSTotal
GIF – Balanced
Growth
investments:
28- Franklin Quotential
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,105. This works out to an average of 3.6% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,119. This works out to an average of 4.0% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
30
24.59
20
14.08
Investment Allocation as at December 31, 2016
9.12
10
20.5%
18.3%
16.7%
15.8%
13.2%
9.3%
6.3%
Canadian Bonds
Derivative Financial Instruments
American Equity
Canadian Equity
Foreign Equity
Foreign Bonds
Cash / Money Market
3.78 4.24 4.71 5.14
1.70
2.13
0
-2.01
-5.05
-10
-20
-30
-25.70
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
5.86
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
120
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long term capital growth and security.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
121
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Balanced growth – FRANKLIN Quotential
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.79%
2.29%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.65%
1.20%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
122
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – CI Signature
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: May 3, 2010
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 27,445
Series 7: 2,407
Net Asset Value per Unit: Series 6: 5.59
Series 7: 5.66
Number of Units Outstanding (000’s):Series 6: 4,914
Series 7: 425
Management Expense Ratio (MER): Series 6: 2.78%
Series 7: 2.28%
Portfolio Manager: CI Investments Inc.
Portfolio Turnover Rate: 7.84
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Signature Canadian Balanced Fund.
The underlying fund invests in Canadian bonds (40%) and
equities (60%).
Top ten investments of the underlying fund
Scotiabank
Royal Bank of Canada
Toronto-Dominion Bank
Manulife Financial Corporation
Synchrony Financial
Canadian National Railway Company
Province of Quebec, 4.25%, December 1, 2021
Suncor Energy
Micron Technology
Alibaba Group Holding
DSFTotal
FPG – Canadien équilibré - CI Signature
DFSTotal
GIF – Canadian
Balanced
investments:
373 - CI Signature
3.2%
2.6%
2.6%
2.5%
1.6%
1.3%
1.2%
1.2%
1.2%
1.1%
18.4%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,117. This works out to an average of 4.0% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,132. This works out to an average of 4.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
7 years for a Contract Owner who chose the Guarantee 75/75
(from 2010 to 2013) or Helios2 – 75/75. Since May 3, 2010, the
Fund went up in value 5 years and down in value 2 years of the 7.
%
20
15
11.81
Investment Allocation as at December 31, 2016
10
6.69
7.37
6.06
7.82
5.14
5.64
5
Canadian Equity
Canadian Bonds
American Equity
International Equity
Cash / Money Market
American Bonds
Foreign Bonds
0
-1.05
-4.04
-5
-10
2010*
2011
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2010 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
-0.61
2012
2013
Series 6
2014*
2015
2016
fund facts
29.0%
23.2%
20.7%
14.7%
7.4%
3.7%
1.2%
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
9 500
123
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Balanced – CI Signature
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balanced of current income and capital appreciation.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
124
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.78%
2.28%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
1.35%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
125
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Income and growth – ci signature
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: September 24, 2012
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 30,855
Series 7: 1,972
Net Asset Value per Unit: Series 6: 5.56
Series 7: 5.63
Number of Units Outstanding (000’s):Series 6: 5,549
Series 7: 350
Management Expense Ratio (MER): Series 6: 2.89%
Series 7: 2.36%
Portfolio Manager: CI Investments Inc.
Portfolio Turnover Rate: 19.52
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Signature Income and Growth Fund.
The underlying fund invests in fixed income (40%) and equity
(60%) securities.
Top ten investments of the underlying fund
Scotiabank
Royal Bank of Canada
Toronto-Dominion Bank
Manulife Financial Corporation
Synchrony Financial
Canadian National Railway Company
Suncor Energy
Micron Technology
Citigroup
UnitedHealth Group
DSFTotal
FPG – Revenu et croissance - CI Signature
DFS GIF – Income and Growth - CI Signature
Total investments: 808
3.0%
2.4%
2.4%
2.3%
1.4%
1.2%
1.1%
1.1%
1.0%
1.0%
17%
Investment Allocation as at December 31, 2016
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,112. This works out to an average of 3.8% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,127. This works out to an average of 4.3% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
5 years for a Contract Owner who chose the Guarantee 75/75
(from 2012 to 2013) or Helios2 – 75/75. Since September 24,
2012, the Fund went up in value 4 years and down in value
1 year of the 5.
%
15
13.05
10
7.70
7.17
6.26
5.97
5
28.4%
19.3%
18.3%
13.4%
11.0%
5.0%
4.5%
Canadian Equity
American Equity
Canadian Bonds
International Equity
American Bonds
Foreign Bonds
Cash / Money Market
1.78
0
-5
-10
2012*
2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2012 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
-1.55
-2.09
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
126
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balance of current income and capital appreciation.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
127
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Income and growth – ci signature
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.89%
2.36%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
1.40%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
128
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Growth and Income – NEI Northwest
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 11, 2006
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 20,094
Series 7: 1,475
Net Asset Value per Unit: Series 6: 5.76
Series 7: 5.84
Number of Units Outstanding (000’s):Series 6: 3,488
Series 7: 253
Management Expense Ratio (MER): Series 6: 2.84%
Series 7: 2.29%
Portfolio Manager: Kingwest & Company
Portfolio Turnover Rate: 8.67
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the NEI Northwest Growth and Income Fund.
The underlying fund invests in bonds (20%) and equities (80%).
Top ten investments of the underlying fund
NEI Northwest Global Equity Fund
NEI Canadian Bond Fund
Toronto-Dominion Bank
Scotiabank
Manulife Financial Corporation
Onex Corporation
Quebecor
Sun Life Financial
FirstService Corporation
Thomson Reuters Corporation
DSFTotal
FPG – Croissance et revenu - NEI NordOuest
DFSTotal
GIF – Growth
and Income
investments:
31 - NEI Northwest
34.6%
21.9%
4.1%
3.9%
2.6%
2.5%
2.3%
2.3%
2.1%
2.1%
78.4%
Investment Allocation as at December 31, 2016
56.5%
18.3%
7.1%
5.7%
4.0%
3.8%
2.9%
0.7%
0.6%
0.4%
Investment Funds
Financials
Real Estate
Telecommunication Services
Consumer Discretionary
Energy
Industrials
Materials
Health Care
Cash / Money Market
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,152. This works out to an average of 5.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,168. This works out to an average of 5.6% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
20
17.51
15.66
7.71 8.25
7.91
7.69
10
3.87 4.26 2.99 3.51
0
-1.39
-3.30
-10
-20
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
2007* 2008 2009 2010 2011 2012 2013
Series 5
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
129
9 500
fund facts
-24.53
-30
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Growth and Income – NEI Northwest
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long term capital growth and income.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
130
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.84%
2.29%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
1.35%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
131
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – global growth – nEI select
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: January 14, 2002
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 17,041
Series 7: 1,977
Net Asset Value per Unit: Series 6: 5.77
Series 7: 5.83
Number of Units Outstanding (000’s):Series 6: 2,954
Series 7: 339
Management Expense Ratio (MER): Series 6: 2.99%
Series 7: 2.46%
Portfolio Manager: Multi-managers
Portfolio Turnover Rate: 11.51
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the NEI Select Global Growth Portfolio.
The underlying fund invests in bond (25%) and equity (75%)
funds.
Top ten investments of the underlying fund
NEI Northwest U.S. Dividend Fund
NEI Ethical Global Equity Fund
NEI Northwest Global Equity Fund
NEI Global Value Fund
NEI Ethical International Equity Fund
NEI Northwest Specialty Equity Fund
NEI Northwest Macro Canadian Asset Allocation Fund
NEI Global Total Return Bond Fund
NEI Northwest Canadian Equity Fund
NEI Northwest Emerging Markets Fund
DSFTotal
FPG – Croissance mondiale -NEI
DFSTotal
GIF – Global
Growth -13
NEI Select
investments:
13.6%
10.0%
9.8%
9.5%
8.6%
7.0%
6.7%
6.7%
6.2%
6.2%
84.3%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,154. This works out to an average of 5.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,166. This works out to an average of 5.5% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
30
19.25
20
16.79
Investment Allocation as at December 31, 2016
10
29.3%
21.6%
14.6%
11.6%
9.0%
6.3%
6.2%
1.4%
Global Equity
Canadian Equity
American Equity
Foreign Bonds
International Equity
Canadian Bonds
Emerging Countries
Cash / Money Market
5.69 6.14
6.45 6.97
2015
2016
2.54 2.70
0
-2.21
-5.18
-10
-20
-30
-26.99
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
7.57
6.65
Series 6
2014*
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
132
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long term capital growth and security.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
133
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – global growth – nEI select
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.99%
2.46%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.75%
1.45%
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
134
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Asset Allocation – CI Cambridge
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: September 24, 2012
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 6,986
Series 7: 447
Net Asset Value per Unit: Series 6: 5.87
Series 7: 5.95
Number of Units Outstanding (000’s):Series 6: 1,190
Series 7: 75
Management Expense Ratio (MER): Series 6: 2.70%
Series 7: 2.21%
Portfolio Manager: CI Investments Inc.
Portfolio Turnover Rate: 13.34
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Cambridge Canadian Asset Allocation
Corporate Class, I Shares. The underlying fund invests in
Canadian equity (60%) and fixed income (40%) securities.
Top ten investments of the underlying fund
Cambridge Bond Fund
22.1%
Walgreens Boots Alliance
2.8%
Franco-Nevada Corporation
2.2%
PrairieSky Royalty
2.1%
Tourmaline Oil Corporation
2.0%
Keyera Corporation
1.9%
Brookfield Infrastructure Partners
1.8%
Chubb
1.8%
George Weston
1.8%
Roche Holding AG
1.5%
39.8%
DSFTotal
FPG – Répartition d'actifs canadiens - CI Cambridge
DFSTotal
GIF – Canadian
Asset 107
allocation - CI Cambridge
investments:
Investment Allocation as at December 31, 2016
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,174. This works out to an average of 5.8% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,189. This works out to an average of 6.3% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
5 years for a Contract Owner who chose the Guarantee 75/75
(from 2012 to 2013) or Helios2 – 75/75. Since September 24,
2012, the Fund went up in value 5 years and down in value
0 years of the 5.
%
20
17.91
15
10
Canadian Bonds
Cash / Money Market
Canadian Equity
American Equity
Foreign Bonds
International Equity
6.83
6.26
4.16
3.85
5
1.57
0
-5
2012*
2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2012 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
6.86
6.39
2014*
Series 6
2015
fund facts
22.9%
19.8%
18.7%
14.6%
13.4%
10.6%
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
135
9 500
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Asset Allocation – CI Cambridge
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balance of current income and capital appreciation.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
136
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB
and are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details
about how the Guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.70%
2.21%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
137
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – growth – FRANKLIN Quotential
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 30, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 3,135
Series 7: 41
Net Asset Value per Unit: Series 6: 5.61
Series 7: 5.67
Number of Units Outstanding (000’s):Series 6: 559
Series 7: 7
Management Expense Ratio (MER): Series 6: 2.89%
Series 7: 2.45%
Portfolio Manager: Franklin Templeton Investments Corp.
Portfolio Turnover Rate: 3.47
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Franklin Quotential Growth Portfolio.
The underlying fund invests in bond (20%) and equity (80%)
funds.
Top ten investments of the underlying fund
Franklin Bissett Core Plus Bond Fund
Franklin U.S. Rising Dividends Fund
Franklin U.S. Core Equity Fund
Franklin Bissett Canadian Equity Fund
Franklin Mutual European Fund
Franklin Bisset All Canadian Focus Fund
Franklin U.S. Opportunities Fund
Franklin Templeton Canadian Large Cap Fund
iShares Russell 1000 Value ETF
Franklin Japan Fund
DSFTotal
FPG – Croissance - Franklin Quotentiel
DFSTotal
GIF – Growth
- Franklin
investments:
28Quotential
10.5%
8.1%
7.5%
7.2%
6.2%
5.8%
5.6%
4.3%
4.2%
3.7%
63.1%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,121. This works out to an average of 4.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,135. This works out to an average of 4.5% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
40
26.73
30
Investment Allocation as at December 31, 2016
18.82
20
9.03
10
21.2%
20.1%
19.1%
17.5%
11.4%
5.6%
5.1%
American Equity
Canadian Equity
Derivative Financial Instruments
Foreign Equity
Canadian Bonds
Cash / Money Market
Foreign Bonds
4.09 4.41
6.06 6.55
1.56 1.98
0
-2.85
-10
-8.02
-20
-30
-40
-31.32
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
6.91
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
138
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long term capital growth.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
139
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – growth – FRANKLIN Quotential
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.89%
2.45%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services and
advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series and
the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
140
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Dividend Income – FRANKLIN Bissett
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: April 17, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 8,088
Series 7: 607
Net Asset Value per Unit: Series 6: 5.62
Series 7: 5.70
Number of Units Outstanding (000’s):Series 6: 1,439
Series 7: 106
Management Expense Ratio (MER): Series 6: 2.71%
Series 7: 2.19%
Portfolio Manager: Bissett Investment Management
Portfolio Turnover Rate: 3.38
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Top ten investments of the underlying fund
Royal Bank of Canada
Toronto-Dominion Bank
Canadian Imperial Bank of Commerce
Scotiabank
Bank of Montreal
Enbridge Income Fund Holdings
IGM Financial
Enbridge
Canadian National Railway Company
Power Financial Corporation
DSFTotal
FPG – Revenu de dividendes - Franklin Bissett
DFSTotal
GIF – investments:
Dividend Income
- Franklin Bissett
114
3.9%
3.9%
3.8%
3.0%
3.0%
2.6%
2.6%
2.4%
2.4%
2.2%
29.7%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,124. This works out to an average of 4.2% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,140. This works out to an average of 4.7% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the
past 10 years the past year for a Contract Owner who chose the
Guarantee 75/75 (from 2007 to 2013) or Helios2 – 75/75. Since
October 29, 2007, the Fund went up in value 7 years and down
in value 3 years of the 10.
%
30
14.68
Investment Allocation as at December 31, 2016
11.19
10
59.1%
22.6%
11.6%
4.3%
1.4%
1.2%
Common shares
American Equity
Canadian Bonds
Preferred Shares
Cash / Money Market
American Bonds
4.86
7.17
3.67 4.07
0
-2.04
-7.88 -7.39
-10
-20
-30
-20.10
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
17.75 18.30
18.23
20
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
141
9 500
fund facts
This Fund invests in the Franklin Bissett Dividend Income Fund.
The underlying fund invests primarily in Canadian & US preferred
and common equities.
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Dividend Income – FRANKLIN Bissett
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking income from dividends and capital growth.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
142
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.71%
2.19%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
143
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Dividend – NEI Northwest
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: September 24, 2012
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 3,830
Series 7: 128
Net Asset Value per Unit: Series 6: 6.24
Series 7: 6.30
Number of Units Outstanding (000’s):Series 6: 613
Series 7: 20
Management Expense Ratio (MER): Series 6: 2.88%
Series 7: 2.39%
Portfolio Manager: Beutel, Goodman & Company Limited
Portfolio Turnover Rate: 9.35
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the NEI Northwest Canadian Dividend Fund.
The underlying fund invests primarily in Canadian common stocks.
Top ten investments of the underlying fund
Royal Bank of Canada
Toronto-Dominion Bank
Manulife Financial Corporation
BCE
Rogers Communications
Cenovus Energy
Husky Energy
Molson Coors Canada
Atea
Power Financial Corporation
DSFTotal
FPG – Dividendes canadiens - NEI NordOuest
DFSTotal
GIF – Canadian
Dividend
investments:
70 - NEI Northwest
4.2%
4.0%
3.1%
3.0%
2.7%
2.7%
2.7%
2.6%
2.6%
2.4%
30%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,249. This works out to an average of 8.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,259. This works out to an average of 8.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
5 years for a Contract Owner who chose the Guarantee 75/75
(from 2012 to 2013) or Helios2 – 75/75. Since September 24,
2012, the Fund went up in value 4 years and down in value
1 year of the 5.
%
30
25.36
Investment Allocation as at December 31, 2016
20
67.2%
12.4%
10.2%
10.2%
Canadian Equity
American Equity
International Equity
Cash / Money Market
16.71
16.32
8.91
8.82
10
4.23
0
-0.94
-1.36
-10
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2012 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
2012*
2013
Series 5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
144
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
moderate
Moderate Moderate
to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balance of current income and capital appreciation. Since the Fund invests in equities,
changes in market conditions can cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
145
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Dividend – NEI Northwest
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.88%
2.39%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.70%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
146
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Equity – Jarislowsky Fraser
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 5, 2005
Series 6: October 19, 2015
Series 7: October 19, 2015
Total Value (000’s): Series 6: 892
Series 7: 36
Net Asset Value per Unit: Series 6: 5.65
Series 7: 5.69
Number of Units Outstanding (000’s):Series 6: 158
Series 7: 6
Management Expense Ratio (MER): Series 6: 2.82%
Series 7: 2.41%
Portfolio Manager: Jarislowsky, Fraser Limited
Portfolio Turnover Rate: 10.34
Minimum Deposit: Variable
3. What does this Fund invest in?
4. How has the Fund performed?
This Fund invests in the Jarislowsky Fraser Canadian Equity
Fund. The underlying fund invests primarily in equity from large
Canadian companies.
This section tells you how the Fund has performed for a Contract
Owner who chose Helios2 – 75/75. The performance shown for
2007-2014 is for the Series 5. That Series is not available under
this Contract and Information Folder. Returns are after the MER
has been deducted. The returns for the Fund for Series 6 and
Series 7 will vary due to differences in the MER.
Toronto-Dominion Bank
8.5%
Jarislowsky Fraser Special Equity Fund
7.4%
Royal Bank of Canada
6.8%
Scotiabank
6.2%
Enbridge
5.0%
Canadian Natural Resources
4.7%
Canadian National Railway Company
4.5%
Manulife Financial Corporation
3.9%
Open Text Corporation
3.4%
Alimentation Couche-Tard
3.3%
DSFTotal
FPG – Actions canadiennes - Jarislowsky Fraser 53.7%
DFSTotal
GIF – Canadian
Equity33
- Jarislowsky Fraser
investments:
Investment Allocation as at December 31, 2016
34.2%
21.6%
11.4%
10.8%
7.7%
6.7%
5.2%
1.7%
0.7%
Financials
Energy
Industrials
Consumer Staples
Information Technology
Consumer Discretionary
Materials
Cash / Money Market
Utilities
It’s important to note that this doesn’t tell you how the Fund will
perform in the future. Also, your actual return will depend on the
Guarantee you choose and on your personal tax situation.
Average return
A Contract Owner who deposited $1,000 in the Fund and chose
Helios2 – 75/75 on October 19, 2015 and Series 6 now has
$1,130. This works out to an average of 10.6% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on October 19, 2015 and Series 7
now has $1,137. This works out to an average of 11.2% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2014) or Helios2 – 75/75. Since October 29, 2007,
the Fund was up in value 6 years and down in value 4 years
of the 10.
%
30
21.82
19.19
20
14.98 15.60
7.72
10
7.04
9.65
fund facts
Top ten investments of the underlying fund
0
-1.69 -1.63
-2.86
-10
-8.57
-20
-30
-25.58
2007* 2008 2009 2010 2011 2012 2013 2014
Series 5
Series 6
2015*
2016
Series 7
* Return is for a partial year from date first offered for sale.
Contract and Information Folder – April 2017
$
11 000
147
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Equity – Jarislowsky Fraser
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
moderate
Moderate Moderate
to high
High
6. Are there any guarantees?
Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking interest income with stability of capital.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
148
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
It is deducted from the amount you sell.
Deposit, Desjardins
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75. You
don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i or Helios2 – 75/100 GLWB and
are paid out of the Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about
how the guarantees work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.82%
2.41%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i or Helios2 – 75/100 GLWB, you will
have to pay both the MER and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.85%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years and 1.00%
of the market value of the Units attributed to this Fee Option each year thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but this is not limited to transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
149
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Equity – Fidelity True North®
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 1, 2008
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 10,218
Series 7: 849
Net Asset Value per Unit: Series 6: 5.80
Series 7: 5.88
Number of Units Outstanding (000’s):Series 6: 1,762
Series 7: 144
Management Expense Ratio (MER): Series 6: 3.03%
Series 7: 2.48%
Portfolio Manager: Fidelity Investments Canada ULC
Portfolio Turnover Rate: 11.95
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Fidelity True North Fund®.
The underlying fund invests primarily in equity from small,
medium and large Canadian companies.
Top ten investments of the underlying fund
Toronto-Dominion Bank
8.8%
Canadian National Railway Company
4.1%
Suncor Energy
3.6%
CGI Group
3.4%
Rogers Communications
3.3%
Royal Bank of Canada
3.2%
Loblaw Companies
3.0%
Enbridge
2.7%
Manulife Financial Corporation
2.7%
Alimentation Couche-Tard
2.4%
DSFTotal
FPG – Actions canadiennes - Fidelity Frontière NordMD
37.4%
DFS GIF – Canadian Equity - Fidelity True North®
Total investments: 96
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,160. This works out to an average of 5.3% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,177. This works out to an average of 5.9% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
9 years for a Contract Owner who chose the Guarantee 75/75
(from 2008 to 2013) or Helios2 – 75/75. Since December 1,
2008, the Fund went up in value 7 years and down in value
2 years of the 9.
%
40
29.76
30
Investment Allocation as at December 31, 2016
21.38
20
11.68
10
85.3%
8.8%
6.0%
Canadian Equity
Foreign Equity
Cash / Money Market
9.50
9.15
9.76
0
-2.61 -2.07
-10
-20
-8.93
2008* 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2008 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
9.08
7.44
6.06
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
®
(2) 10 474 $
(1) 10 250 $
Fidelity True North is a registered trademark of FMR Corp.
10 000
150
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth with moderate risk.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
151
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Equity – Fidelity True North®
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
3.03%
2.48%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.85%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
152
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Equity – FRANKLIN bissett
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: April 17, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 4,529
Series 7: 189
Net Asset Value per Unit: Series 6: 5.74
Series 7: 5.82
Number of Units Outstanding (000’s):Series 6: 790
Series 7: 33
Management Expense Ratio (MER): Series 6: 2.80%
Series 7: 2.41%
Portfolio Manager: Bissett Investment Management
Portfolio Turnover Rate: 14.66
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Top ten investments of the underlying fund
Brookfield Asset Management
Canadian National Railway Company
Royal Bank of Canada
Toronto-Dominion Bank
Canadian Imperial Bank of Commerce
Bank of Montreal
Restaurant Brands International
Scotiabank
Enbridge
Canadian Pacific Railway
DSFTotal
FPG – Actions canadiennes - Franklin Bissett
DFSTotal
GIF – Canadian
Equity50
- Franklin Bissett
investments:
5.8%
5.2%
5.1%
5.0%
4.6%
4.4%
4.3%
3.9%
3.5%
3.4%
45.2%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,147. This works out to an average of 4.9% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,163. This works out to an average of 5.4% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 6 years and down in value 4 years of
the 10.
%
50
38.08
40
Investment Allocation as at December 31, 2016
30
39.1%
21.3%
14.2%
7.8%
6.9%
3.0%
2.9%
1.9%
1.6%
1.3%
Financials
Energy
Industrials
Consumer Staples
Consumer Discretionary
Cash / Money Market
Materials
Utilities
Information Technology
Telecommunication Services
13.34
5.35 5.78
10
0
-10
-5.10
-7.30
-9.52 -9.11
-20
-30
-40
-33.22
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
20.35 20.97
19.71
17.42
20
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
153
9 500
fund facts
This Fund invests in the Franklin Bissett Canadian Equity Fund.
The underlying fund invests primarily in equity from medium and
large Canadian companies.
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Canadian Equity – franklin bissett
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can
cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
154
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.80%
2.41%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
155
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Specialty Equity – NEI Northwest
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: December 11, 2006
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 1,432
Series 7: 20
Net Asset Value per Unit: Series 6: 4.85
Series 7: 4.90
Number of Units Outstanding (000’s):Series 6: 295
Series 7: 4
Management Expense Ratio (MER): Series 6: 3.24%
Series 7: 2.76%
Portfolio Manager: Montrusco Bolton Investments Inc.
Portfolio Turnover Rate: 5.11
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the NEI Northwest Specialty Equity Fund.
The underlying fund invests primarily in equity from small
Canadian companies.
Top ten investments of the underlying fund
Parex Resources
Premium Brands Holdings Corporation
Home Capital Group
Kinaxis
Lassonde Industries
New Flyer Industries
Winpak Ltd
Dollarama
Boyd Group Income Fund
Fortuna Silver Mines
DSFTotal
FPG – Spécialisé Actions - NEI NordOuest
DFSTotal
GIF – Specialty
Equity 45
- NEI Northwest
investments:
6.2%
5.6%
5.4%
4.3%
4.3%
4.0%
3.5%
3.5%
3.5%
3.3%
43.6%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $970. This works out to an average of -1.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $981. This works out to an average of -0.7% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 5 years and down in value 5 years of
the 10.
%
80
56.75
60
Investment Allocation as at December 31, 2016
19.7%
18.6%
15.7%
14.3%
11.8%
7.7%
6.9%
2.7%
1.4%
1.2%
Energy
Financials
Industrials
Consumer Staples
Materials
Information Technology
Consumer Discretionary
Real Estate
Health Care
Cash / Money Market
40
17.81 18.31
16.98
20
0.82
0
-2.64
-7.34 -7.11
-14.01
-20
-11.16 -10.78
-40
-45.32
-60
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
30.48
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
156
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth but can tolerate high variations in value.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
157
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Specialty Equity – NEI Northwest
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
3.24%
2.76%
Helios2 – 75/100 i
Helios2 – 75/100 GLWB
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
158
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Small Cap – FRANKLIN Bissett
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: April 17, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 2,764
Series 7: 34
Net Asset Value per Unit: Series 6: 4.84
Series 7: 4.88
Number of Units Outstanding (000’s):Series 6: 571
Series 7: 7
Management Expense Ratio (MER): Series 6: 3.14%
Series 7: 2.74%
Portfolio Manager: Bissett Investment Management
Portfolio Turnover Rate: 9.69
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Top ten investments of the underlying fund
Brookfield Asset Management
5.8%
Canadian National Railway Company
5.2%
Royal Bank of Canada
5.1%
Toronto-Dominion Bank
5.0%
Canadian Imperial Bank of Commerce
4.6%
Bank of Montreal
4.4%
Restaurant Brands International
4.3%
Scotiabank
3.9%
Enbridge
3.5%
Canadian Pacific Railway
3.4%
45.2%
DSFTotal
FPG – Sociétés à petite capitalisation - Franklin Bissett
DFSTotal
GIF – investments:
Small Cap - Franklin
49 Bissett
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $968. This works out to an average of 1.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $975. This works out to an average of 0.9% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 5 years and down in value 5 years of
the 10.
%
80
58.38
60
Investment Allocation as at December 31, 2016
33.1%
19.3%
12.9%
12.6%
10.3%
6.6%
2.2%
1.7%
1.3%
Energy
Consumer Discretionary
Financials
Industrials
Materials
Cash / Money Market
Consumer Staples
Real Estate
Information Technology
40
28.09 28.61
20.75
20
0
-5.47 -5.15
-7.03
-12.97
-20
-40
-60
-20.04
-42.28
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
33.18
27.42
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
159
9 500
fund facts
This Fund invests in the Franklin Bissett Small Cap Fund.
The underlying fund invests primarily in equity from small and
medium Canadian companies.
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Small Cap – FRANKLIN Bissett
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth but can tolerate high variations in value.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
160
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
3.14%
2.74%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
161
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – American Equity – MFS
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: April 17, 2000
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 6,382
Series 7: 162
Net Asset Value per Unit: Series 6: 6.81
Series 7: 6.88
Number of Units Outstanding (000’s):Series 6: 938
Series 7: 24
Management Expense Ratio (MER): Series 6: 2.88%
Series 7: 2.44%
Portfolio Manager: MFS Investment Canada Limited
Portfolio Turnover Rate: 26.82
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the MFS U.S. Equity Core Fund.
The underlying fund invests primarily in equity from large
American companies.
Top ten investments of the underlying fund
JPMorgan Chase & Company
Bank of America Corporation
Visa
Alphabet, Class A
Goldman Sachs Group
American Tower Corporation
Thermo Fisher Scientific
Broadcom
Schlumberger
Comcast Corporation
DSFTotal
FPG – Actions américaines - MFS
DFSTotal
GIF – investments:
American Equity74- MFS
4.3%
3.6%
3.0%
2.6%
2.5%
2.5%
2.5%
2.3%
2.3%
2.2%
27.6%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,361. This works out to an average of 11.4% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,376. This works out to an average of 11.8% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
50
37.79
40
Investment Allocation as at December 31, 2016
21.9%
19.0%
15.2%
14.0%
9.7%
6.6%
5.0%
4.9%
2.4%
0.7%
0.5%
Information Technology
Financials
Health Care
Consumer Discretionary
Consumer Staples
Industrials
Materials
Energy
Real Estate
Cash / Money Market
Utilities
30
12.85 13.01
11.88
8.34
10
3.00 3.45
1.54
0
-0.93
-4.39
-10
-20
-30
-23.64
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
17.10 17.66
20
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
162
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can
cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
163
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – American Equity – MFS
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.88%
2.44%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.75%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
164
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – American Equity Value – desjardinS Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: November 15, 1995
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 6,237
Series 7: 285
Net Asset Value per Unit: Series 6: 7.21
Series 7: 7.32
Number of Units Outstanding (000’s):Series 6: 865
Series 7: 39
Management Expense Ratio (MER): Series 6: 2.84%
Series 7: 2.38%
Portfolio Manager: Wellington Management Company, LLP
Portfolio Turnover Rate: 17.24
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Desjardins American Equity Value Fund.
The underlying fund invests primarily in equity from medium and
large American companies.
Top ten investments of the underlying fund
Bank of America Corporation
JPMorgan Chase & Company
Exxon Mobil Corporation
Chevron Corporation
Citigroup
Intel Corporation
Wells Fargo & Company
Cisco Systems
Merck & Company
Bristol-Myers Squibb Company
DSFTotal
FPG – Actions américaines valeur - Desjardins
DFSTotal
GIF – American
Equity76
Value - Desjardins
investments:
4.1%
3.9%
3.5%
3.3%
3.2%
2.7%
2.6%
2.5%
2.4%
1.8%
30%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,441. This works out to an average of 13.7% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,463. This works out to an average of 14.3% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 7 years and down in value 3 years of
the 10.
%
40
32.39
30
Investment Allocation as at December 31, 2016
15.16 15.55 15.77 16.42
20
10.47
10
9.22
5.37
8.10 8.78
0
American Equity
International Equity
Canadian Equity
Cash / Money Market
-20
-30
-40
-26.80
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
-2.65
-3.14
-10
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
165
9 500
fund facts
82.3%
12.8%
2.9%
2.0%
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – American Equity Value – desjardinS Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can
cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
166
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.84%
2.38%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
167
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Global Dividend – Desjardins
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: September 24, 2012
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 10,511
Series 7: 904
Net Asset Value per Unit: Series 6: 6.11
Series 7: 6.19
Number of Units Outstanding (000’s):Series 6: 1,721
Series 7: 146
Management Expense Ratio (MER): Series 6: 2.89%
Series 7: 2.37%
Portfolio Manager: Epoch Investment Partners, Inc.
Portfolio Turnover Rate: 12.24
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the Desjardins Global Dividend Fund.
The underlying fund invests in equity securities worldwide.
Top ten investments of the underlying fund
AT&T
Reynolds American
Welltower
Verizon Communications
PPL Corporation
Philip Morris International
Duke Energy Corporation
BCE
Altria Group
Muenchener Rueckversicherung
DSFTotal
FPG – Mondial de dividendes - Desjardins
DFSTotal
GIF – Global
Dividend93
- Desjardins
investments:
1.9%
1.8%
1.8%
1.8%
1.7%
1.7%
1.7%
1.7%
1.7%
1.6%
17.4%
Investment Allocation as at December 31, 2016
47.2%
14.4%
8.3%
6.8%
6.2%
4.8%
3.5%
3.5%
3.3%
2.0%
United States
United Kingdom
Germany
France
Others
Canada
Switzerland
Cash / Money Market
Australia
Norway
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,221. This works out to an average of 7.3% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,237. This works out to an average of 7.8% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
5 years for a Contract Owner who chose the Guarantee 75/75
(from 2012 to 2013) or Helios2 – 75/75. Since September 24,
2012, the Fund went up in value 5 years and down in value
0 years of the 5.
%
40
20
8.61
8.16
10
11.08
10.64
2.56
2.06
0.17
0
-10
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2012 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
29.31
30
2012*
2013
Series 5
2014*
Series 6
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
168
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balance of current income and capital appreciation. Since the Fund invests in equities,
changes in market conditions can cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
169
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Global Dividend – Desjardins
Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.89%
2.37%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.75%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
170
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Global Equity – MFS Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: October 29, 2007
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 1,993
Series 7: 183
Net Asset Value per Unit: Series 6: 6.07
Series 7: 6.15
Number of Units Outstanding (000’s):Series 6: 328
Series 7: 30
Management Expense Ratio (MER): Series 6: 2.94%
Series 7: 2.46%
Portfolio Manager: MFS Investment Canada Limited
Portfolio Turnover Rate: 10.45
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the MFS Global Research Fund.
The underlying fund invests primarily in equity from American,
European and Asian companies.
Top ten investments of the underlying fund
Citigroup
Alphabet
Charter Communications
Honeywell International
US Bancorp
Facebook
EOG Resources
Visa
Goldman Sachs Group
Cisco Systems
DSFTotal
FPG – Actions mondiales MFS
DFSTotal
GIF – Global
Equity - MFS
investments:
134
1.7%
1.7%
1.6%
1.4%
1.4%
1.4%
1.3%
1.2%
1.2%
1.2%
14.1%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,215. This works out to an average of 7.1% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,229. This works out to an average of 7.5% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 6 years and down in value 4 years of
the 10.
%
40
29.99
30
15.50 16.00
20
8.96
10
68.6%
15.1%
4.9%
4.9%
4.5%
1.9%
0.2%
North America
Europe (ex. United Kindom)
Japan
Emerging Countries
United Kingdom
Pacific Basin (ex. Japan)
Cash / Money Market
0
-0.43 -0.04
-10 -6.68
-14.44
-20
-30
-40
-50
-38.33
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
5.61 6.00
4.12
0.13
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
171
9 500
fund facts
Investment Allocation as at December 31, 2016
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – Global Equity – MFS Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can
cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
172
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.94%
2.46%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
173
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – International Equity – MFS Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: November 15, 1995
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 830
Series 7: 195
Net Asset Value per Unit: Series 6: 5.40
Series 7: 5.47
Number of Units Outstanding (000’s):Series 6: 154
Series 7: 36
Management Expense Ratio (MER): Series 6: 3.02%
Series 7: 2.55%
Portfolio Manager: MFS Investment Canada Limited
Portfolio Turnover Rate: 10.33
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
This Fund invests in the MFS International Equity Fund II.
The underlying fund invests primarily in equity from large European
and Far Eastern companies.
Top ten investments of the underlying fund
Nestlé SA
Bayer AG
WPP
Hoya Corporation
Roche Holding AG
Compass Group
SAP SE
Air Liquide
ING Groep
Schneider Electric
DSFTotal
FPG – Actions internationales - MFS
DFSTotal
GIF – International
Equity
investments:
75 - MFS
3.9%
3.2%
3.0%
2.8%
2.8%
2.6%
2.4%
2.4%
2.3%
2.3%
27.7%
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,080. This works out to an average of 2.7% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,094. This works out to an average of 3.2% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
10 years for a Contract Owner who chose the Guarantee 75/75
(from 2007 to 2013) or Helios2 – 75/75. Since October 29, 2007,
the Fund went up in value 4 years and down in value 6 years of
the 10.
%
30
22.89
20
11.67
Investment Allocation as at December 31, 2016
18.72 19.25
12.16
10
0
52.6%
14.0%
12.2%
7.8%
5.9%
5.6%
1.2%
0.7%
Europe (ex. United Kindom)
United Kingdom
Japan
Emerging Countries
North America
Pacific Basin (ex. Japan)
Others
Cash / Money Market
-10
-4.03 -3.64
-5.19 -4.77
-14.95
-20
-30
-40
-50
-36.71
2007* 2008 2009 2010 2011 2012 2013
Series 5
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2007 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
-3.06
-4.34
Series 6
2014*
2015
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
174
Contract and Information Folder – April 2017
9 500
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking long-term capital growth. Since the Fund invests in equities, changes in market conditions can
cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
fund facts
Series 6C
What you pay
Contract and Information Folder – April 2017
175
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – International Equity – MFS Financial Information as at December 31, 2016
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
3.02%
2.55%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
176
Contract and Information Folder – April 2017
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – International Equity Growth – Desjardins
Financial Information as at December 31, 2016
2. Quick Facts
Inception Date: Fund: September 24, 2012
Series 6: February 24, 2014
Series 7: February 24, 2014
Total Value (000’s): Series 6: 1,154
Series 7: 22
Net Asset Value per Unit: Series 6: 5.21
Series 7: 5.27
Number of Units Outstanding (000’s):Series 6: 221
Series 7: 4
Management Expense Ratio (MER): Series 6: 2.94%
Series 7: 2.53%
Portfolio Manager: Baillie Gifford Overseas
Portfolio Turnover Rate: 24.69
Minimum Deposit: Variable
3. What does this Fund invest in?
It’s important to note that this does not tell you how the Fund
will perform in the future. Also, your actual return will depend
on the Guarantee you choose and on your personal tax situation.
Top ten investments of the underlying fund
Tencent Holdings
5.2%
Inditex
5.0%
AIA Group
4.9%
Softbank Corporation
4.7%
ASML Holding
4.5%
Baidu, ADR
4.5%
Alibaba Group Holding
3.6%
Atlas Copco
3.4%
Zalando
2.9%
M3
2.7%
Total
41.4%
DSFTotal
FPG – investments:
Actions internationales
croissance - Desjardins
62
DFS GIF – International Equity Growth - Desjardins
Investment Allocation as at December 31, 2016
16.3%
13.8%
10.1%
9.2%
8.0%
6.7%
6.6%
6.1%
5.6%
5.4%
5.4%
4.8%
2.0%
Cayman Islands
Japan
Netherlands
Sweden
United States
Others
Spain
Pacific Basin (ex. Japan)
France
Germany
Denmark
United Kingdom
Cash / Money Market
4. How has the Fund performed?
This section will tell you how the Fund has performed for a
Contract Owner who chose Helios2 – 75/75. The performance
shown below for the years 2012 to 2013 is for the Series 5.
That Series is not available under this Contract and Information
Folder. Returns are after the MER has been deducted. The
returns for the Fund for Series 6 and Series 7 will vary due to
differences in the MER.
Average return
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 6
now has $1,043. This works out to an average of 1.5% a year.
A Contract Owner who deposited $1,000 in the Fund and
chose Helios2 – 75/75 on February 24, 2014 and Series 7
now has $1,053. This works out to an average of 1.8% a year.
Year-by-year returns
This chart shows how the Fund has performed in each of the past
5 years for a Contract Owner who chose the Guarantee 75/75
(from 2012 to 2013) or Helios2-75/75. Since September 24, 2012,
the Fund went up in value 3 years and down in value 2 years of
the 5.
%
40
35.13
30
20
13.88
13.44
10
5.15
0
-2.94
-10
2012*
2013
Series 5
-2.68
2014*
Series 6
-4.96
-5.32
2015
fund facts
This Fund invests in the Desjardins Overseas Equity Growth Fund.
The underlying fund invests primarily in large cap corporations
outside of North America.
2016
Series 7
* Return is for a partial year from date first offered for sale.
$
11 000
10 500
(2) 10 474 $
(1) 10 250 $
10 000
Contract and Information Folder – April 2017
177
9 500
1. Desjardins financial security Life assurance Company – helios2 contract
DFS GIF – International Equity Growth – Desjardins
Financial Information as at December 31, 2016
5. How risky is it?
The value of your Deposit can go down.
Very Low
Low
Low to
Moderate
moderate Moderate to high
High
6. Are there any guarantees?
This Fund is being offered under an insurance contract. It comes with guarantees that may protect an Owner’s Deposit if markets go down.
(The MER includes the insurance cost for Helios2 – 75/75.) For details, please refer to the Contract and Information Folder.
7. Who is this Fund for?
This Fund may be right for a person seeking a balance of current income and capital appreciation. Since the Fund invests in equities,
changes in market conditions can cause its market value to increase or decrease in a short period of time.
8. 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 for each Series and each Guarantee.
A. Sales Charges
Fee Option
No Load
Series 6A or Series 7A
Low Load Sales Charge
Series 6B
Deferred Sales Charge
Series 6C
178
What you pay
How it works
You don’t have to pay
anything.
• There are no sales charges and your representative receives no
commission.
If you sell within:
1 year of buying
2 years of buying
3 years of buying
After 3 years
3.0%
2.5%
2.0%
0.0%
If you sell within:
1 year of buying
2 years of buying
3 years of buying
4 years of buying
5 years of buying
6 years of buying
7 years of buying
After 7 years
5.5%
5.0%
5.0%
4.0%
4.0%
3.0%
2.0%
0.0%
• When you make a • The low load sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a low load
commission of
sales charge.
2.5%.
• You can switch to Units of other Funds
• Any low load sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a low load sales charge.
• When you make a • The deferred sales charge is a set rate.
Deposit, Desjardins
It is deducted from the amount you sell.
Financial Security
• You can sell up to 12% of your Units
pays a gross
each year without paying a deferred sales
commission of
charge.
5.0%.
• You can switch to Units of other Funds
• Any deferred sales
under the insurance contract at any time,
charge you pay
provided both Funds are offered under
goes to Desjardins
the Guarantee you have chosen without
Financial Security.
paying a deferred sales charge.
Contract and Information Folder – April 2017
B. Ongoing Fund Fees
The MER includes the Management Fee, operating expenses and taxes of the Fund as well as the insurance cost for Helios2 – 75/75.
You don’t pay these expenses directly. The additional guarantee fees apply if you have chosen Helios2 – 75/100 i and are paid out of the
Contract each month. They affect you because they reduce the return you get on your Deposit. For more details about how the Guarantees
work, see the Guarantees section in this Contract and Information Folder.
Guarantee
MER (annual rate as a % of
the Fund’s value) – Series 6
MER (annual rate as a % of
the Fund’s value) – Series 7
Helios2 – 75/75
2.94%
2.53%
Helios2 – 75/100 i
If you choose Helios2 – 75/100 i, you will have to pay both the MER
and the additional guarantee fee.
Helios2 – 75/100 GLWB
Additional guarantee fee –
Series 6 or Series 7
None if you choose only
Helios2 – 75/75
0.80%
N/A
C. Trailing Commission
Desjardins Financial Security pays your representative a trailing commission for as long as you own Units of the Fund. It is for the services
and advice your representative provides to you. The trailing commission is paid out of the Management Fee. The rate depends on the Series
and the Fee Option you choose:
Series 6
• No Load – 1.00% of the market value of the Units attributed to this Fee Option each year.
• Low Load Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year for the first 3 calendar years
and 1.00% of the market value of the Units attributed to this Fee Option thereafter.
• Deferred Sales Charge – 0.50% of the market value of the Units attributed to this Fee Option each year.
Series 7
• No Load – 0.90% of the market value of the Units attributed to this Fee Option each year.
D. Short Term Trading Fees
Short-term or frequent trading represents an expense for all Owners. Consequently, for short-term or frequent trading, we may charge a
fee of 2% of the transaction amount, in addition to any applicable charges.
The Company also reserves the right to refuse to process this request.
Whether trading is short-term or frequent will be determined at our sole discretion according to our Administrative Rules in effect,
including but not limited to switches, transfers or partial surrenders of Units.
fund facts
9. What if I change my mind?
You can change your mind and cancel the Contract, the initial Deposit or any additional Deposit you apply to the Contract by telling us in writing
within two business days of the earlier of the date you received confirmation or five business days after we have mailed it to you. Please see
page 71 for details. This page also contains details on how to get more information. This Fund Facts is not complete without page 71.
Contract and Information Folder – April 2017
179
Notes
180
Contract and Information Folder – April 2017
Guaranteed Investment Funds
april 2017
april 2017
Contract and Information Folder
Financial information as of December 31, 2016
This document contains the Contract, a description of the investments,
terms applicable under the Contract, as well as other information
on the Desjardins Financial Security Guaranteed Investment Funds Plan – Helios2.
Choosing Desjardins...
HELIOS2 – Contract and Information Folder
is choosing Desjardins Group, the largest cooperative financial group in
Canada whose financial stability is recognized by the following credit
ratings which are comparable, if not superior to those of the five largest
Canadian banks and insurance companies:
• Standard and Poor’s A+
• Moody’s Aa2
• Dominion Bond Rating Service AA
• Fitch AA-
DESJARDINS INSURANCE
The Contract and Information Folder contains important information on the Desjardins Financial Security
Guaranteed Investment Funds Plan – Helios2 and the DFS Guaranteed Investment Funds. Please read
it carefully before investing.
Helios2 is a trademark owned by Desjardins Financial Security Life Assurance Company. DFS
Guaranteed Investment Funds is a registered trademark owned by Desjardins Financial Security Life
Assurance Company. DFS Guaranteed Investment Funds are established by Desjardins Financial Security
Life Assurance Company.
DFS stands for Desjardins Financial Security.
® Registered trademark owned by Desjardins Financial Security Life Assurance Company
This document is printed on Rolland Enviro paper.
100%
15401_Anglais-NoticeExplicative_2017_C1C4 C2C3_FINALE.indd 1
13188E (2017-04)
Desjardins Insurance refers to Desjardins Financial Security
Life Assurance Company.
DFS Guaranteed Investment Funds are established by
Desjardins Financial Security Life Assurance Company.
Desjardins Insurance refers to Desjardins Financial Security
Life Assurance Company.
17-03-22 15:13