Equitable Life Bissett Canadian Equity Fund Select* PIVOTAL SELECT MARCH 31, 2015 Fund Information Date of Inception: Net Asset Value per Unit: Management Expense Ratio (MER): September 2013 $12.21 2.77% Top 10 Holdings Canadian Equity Franklin Templeton Investments Corp. Investment Class, Estate Class Fund Overview as of December 31, 2014 Canadian National Railway Co - Common Brookfield Asset Management Inc - Common Cl A Bank of Canada - Common Royal Canadian Imperial Bank of Commerce Common Toronto-Dominion Bank - Common Bank of Nova Scotia - Common Bank of Montreal - Common Enbridge Inc - Common Thomson Reuters Corp - Common MacDonald Dettwiler and Associates Ltd Common Asset Allocation Canadian Equity US Equity Asset Class: Portfolio Manager: Product Availability: 95.9% 4.1% % Portfolio 5.5 5.5 4.9 4.9 4.9 4.3 4.2 4.1 4.1 3.1 The objective of the segregated fund is to invest in units of the Franklin Bissett Canadian Equity Fund or a substantially similar fund. The underlying fund objective is long-term capital appreciation by investing primarily in a diversified portfolio of mid to large capitalization Canadian equities. Risk Rating Underlying Mutual Fund Compound Return* as of March 31, 2015 Period 1 Mth 3 Mth 6 Mth 1 Yr Designated Fund -1.79% 1.02% -1.18% 4.74% 12.81% 10.10% 6.95% Benchmark -1.33% 2.60% 2.35% 7.07% 10.23% 6.97% 3 4 4 Quartile 3 Yr 3 5 Yr 1 10 Yr Inception 6.71% 5.75% - 1 - 1 Underlying Mutual Fund Calendar Return* as of March 31, 2015 Period Sector Allocation Financial Services Energy Industrial Services Consumer Services Basic Materials Other 2014 2013 2012 2011 2010 2009 2008 2007 2006 Designated Fund 9.21% 20.46% 13.93% -6.94% 17.96% 38.72% -33.42% 0.30% 10.95% 39.7% 21.3% 9.5% 9.3% 6.1% 14.0% Benchmark 9.49% 16.83% 6.68% -10.08% 14.26% 31.73% -33.71% 7.59% 14.60% Quartile 3 1 1 1 1 1 2 4 Underlying Mutual Fund Growth of $10,000* Geographic Allocation Canada United States 95.9% 4.1% We are providing this information to you for general information purposes only. * Underlying mutual fund's investor series performance shown for illustration purposes only. Actual segregated fund performance will vary. Equitable Life of Canada and its representatives have no control over the function or design of the software which has assembled these reports and they may not contain accurate or current unit values. Returns under 1 year are simple rates of return. All others are annual compound rates of return. All returns are calculated after taking expenses, management and administration fees into account. Important information about Equitable Life’s segregated funds is found in the Information Folder, available from your Advisor. ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE OWNER AND MAY INCREASE OR DECREASE IN VALUE. 4