A Simple Guide to Your iA Investment Portfolios

Report for the end of 2025

1. How Your Money Grew & What it Cost

Think of this as a report card for your investments. We have five different portfolios, ranging from "Safe and Steady" (Prudent) to "Big Growth" (Aggressive).

Portfolio Style	Cost to Run (MER)¹	1-Year Growth	3-Year Growth	5-Year Growth
Prudent  (Safest)	2.56%	9.20%	8.52%	3.36%
Moderate	2.68%	11.18%	10.24%	11.18%
Balanced  (Middle)	2.78%	13.25%	13.25%	12.33%
Growth	2.88%	17.03%	17.03%	15.69%
Aggressive  (Highest Risk)	2.97%	19.39%	19.39%	20.07%

Note: Your personal results might look a little different from the numbers in the table. This is because the exact timing of when you added money to your account or took some out can change your final total.

¹ This is the percentage taken to pay the experts who manage the money. If you have more than $500,000 invested, these costs get even lower. Growth is net of these fees.

2. What Happened in the World Lately?

• Canada Won the Race: In 2025, Canadian companies did much better than American companies. Even with new taxes and trade arguments between countries, Canada stayed strong.

• Safety First: The parts of your portfolio meant for "safety" (like bonds) did their job well. Even when interest rates were jumping around, the experts kept things steady.

• AI is Moving Fast: Everyone is talking about Artificial Intelligence (AI). At first, it was just about the companies making the computer parts. Now, more types of companies are using AI to work better, and we are investing in them.

3. Our Plan for Canada

We are being very careful to pick only the strongest companies. Here is where we are putting your money:

• Banks are Strong: we put more money into big Canadian banks because they are very reliable and make money even when the economy is tricky.

• Gold for Safety: We kept a lot of money in gold mining companies. Gold is like an "umbrella" for your money—it usually stays valuable even when there is trouble or fighting in other parts of the world.

• Energy: We are investing in companies that store and move energy to make sure we catch the growth in that area.

• Cleaning House: We sold some stocks that were too risky or didn't look like they would grow much, like some airlines and construction companies.

4. Looking Ahead to 2026

There are three main things we are watching:

1. New Trade Rules: Big countries like Canada and the U.S. are going to be talking about new trade rules. This might make some businesses a bit nervous or slow down hiring.

2. Prices Staying High: Things are still a bit expensive (inflation). This means the banks that control money might not lower interest rates as fast as people hope.

3. More Winners: Last year, only a few big tech companies won big. In 2026, we think many different types of companies—like healthcare and smaller businesses—will start to do well too.

The Bottom Line: Your money did great in 2025! We are staying careful but optimistic as we move into the new year.