Equitable Life Canadian Stock Fund Select* PIVOTAL SELECT MARCH 31, 2015 Fund Information Date of Inception: Net Asset Value per Unit: Management Expense Ratio (MER): September 2013 $14.51 2.66% Top 10 Holdings Royal Bank of Canada - Common Toronto-Dominion Bank - Common Valeant Pharmaceuticals International Inc Common National Railway Co - Common Canadian Bank of Nova Scotia - Common Suncor Energy Inc - Common Enbridge Inc - Common Canadian Natural Resources Ltd - Common Manulife Financial Corp - Common Magna International Inc - Common Cl A Asset Allocation % Portfolio 4.9 4.9 4.3 3.7 3.4 3.3 2.9 2.7 2.4 2.2 The objective of the segregated fund is to invest in units of the MFS Canadian Equity Plus Fund or a substantially similar fund. The underlying fund objective is to seek capital appreciation by focusing investment in Canadian companies that offer either good relative value or strong earnings growth, in combination with financial strength and a sustainable business model. Risk Rating Underlying Mutual Fund Compound Return* 68.3% 17.6% 12.9% 0.9% 0.3% 0.1% as of March 31, 2015 Period 1 Mth 3 Mth 6 Mth Designated Fund -0.31% 6.99% 9.49% 15.49% 15.79% 10.00% 7.72% Benchmark -1.11% 4.02% 4.39% - - - Quartile 1 Yr 3 Yr 5 Yr 10 Yr 8.01% 11.25% 7.42% - - Inception 6.46% 5.33% - - - - Underlying Mutual Fund Calendar Return* as of March 31, 2015 Sector Allocation Financial Services Energy Consumer Services Industrial Services Healthcare Other Canadian Focused Equity MFS Investment Management Canada Limited Investment Class, Estate Class Fund Overview as of March 31, 2015 Canadian Equity US Equity International Equity Income Trust Units Cash and Equivalents Other Asset Class: Portfolio Manager: Product Availability: Period 28.2% 11.9% 11.3% 11.2% 8.2% 29.2% 2014 2013 2012 2011 2010 2009 2008 2007 2006 Designated Fund 13.81% 23.35% 11.32% -12.48% 12.12% 28.29% -28.84% 3.63% 18.64% Benchmark 8.36% 21.01% 7.73% -9.68% 10.82% 26.73% -30.55% 1.96% 14.87% Quartile - - - - - - - - Underlying Mutual Fund Growth of $10,000* Geographic Allocation Canada United States European Union Japan Asia/Pacific Rim Other 69.5% 17.6% 5.9% 2.3% 2.0% 2.7% 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. -