# EDGAR Filing Document

**Accession Number:** 0001640951
**File Stem:** 0000950123-23-000658
**Filing Date:** 2023-2
**Character Count:** 13436
**Document Hash:** c8bfca57b2dce637f27ef3429f2570f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-23-000658.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0000950123-23-000658

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Empire Life Investments Inc.
- **CENTRAL INDEX KEY:** 0001640951
- **IRS NUMBER:** 813434115
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17965
- **FILM NUMBER:** 23579431

**BUSINESS ADDRESS:**
- **STREET 1:** 165 UNIVERSITY AVE 9TH FLOOR
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H3B8
- **BUSINESS PHONE:** 4163502726

**MAIL ADDRESS:**
- **STREET 1:** 165 UNIVERSITY AVE 9TH FLOOR
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H3B8

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Empire Life Investments Inc.<br>**Address:** 165 University Ave 9th floor<br>Toronto, A6 M5H3B8

**Form 13F File Number:** 028-17965

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Richard B. Carty<br>**Title:** General Counsel<br>**Phone:** 1-877-548-1881

**Signature, Place, and Date of Signing:**

/s/ Richard B. Carty  Toronto, A6  01-31-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $1456484

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                   | Form 13F File Number   |
|:---|:---|:---|
|  | E-L Financial Corp Ltd | 028-17898              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACADIA Pharmaceuticals Inc | COM | 004225108 |  | 2799 | 175841 | SH |  | DFND | 1 | 175841 | 0 | 0 |
| Activision Blizzard Inc | COM | 00507V109 |  | 31328 | 409249 | SH |  | DFND | 1 | 409249 | 0 | 0 |
| Adobe Inc | COM | 00724F101 |  | 16904 | 50231 | SH |  | DFND | 1 | 50231 | 0 | 0 |
| Albemarle Corp | COM | 012653101 |  | 1925 | 8877 | SH |  | DFND | 1 | 8877 | 0 | 0 |
| Alphabet Inc - CL C | CLS C | 02079K107 |  | 62303 | 702167 | SH |  | DFND | 1 | 702167 | 0 | 0 |
| Altria Group Inc | COM | 02209S103 |  | 28357 | 620374 | SH |  | DFND | 1 | 620374 | 0 | 0 |
| Amazon.Com Inc | COM | 023135106 |  | 20272 | 241329 | SH |  | DFND | 1 | 241329 | 0 | 0 |
| Ameren Corp | COM | 023608102 |  | 31819 | 357839 | SH |  | DFND | 1 | 357839 | 0 | 0 |
| American Water Works Co Inc | COM | 030420103 |  | 7196 | 47210 | SH |  | DFND | 1 | 47210 | 0 | 0 |
| Ansys Inc | COM | 03662Q105 |  | 1162 | 4811 | SH |  | DFND | 1 | 4811 | 0 | 0 |
| AT Inc | COM | 00206R102 |  | 22706 | 1233353 | SH |  | DFND | 1 | 1233353 | 0 | 0 |
| Bank of America Corp | COM | 060505104 |  | 31308 | 945291 | SH |  | DFND | 1 | 945291 | 0 | 0 |
| BHP Billiton Ltd Sponsored ADR | Sponsored ADS | 088606108 |  | 5570 | 89770 | SH |  | DFND | 1 | 89770 | 0 | 0 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 38355 | 533082 | SH |  | DFND | 1 | 533082 | 0 | 0 |
| Burlington Stores Inc | COM | 122017106 |  | 1164 | 5739 | SH |  | DFND | 1 | 5739 | 0 | 0 |
| CDW Corp/DE | COM | 12514G108 |  | 1105 | 6189 | SH |  | DFND | 1 | 6189 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 19458 | 108405 | SH |  | DFND | 1 | 108405 | 0 | 0 |
| Church  Dwight Co Inc | COM | 171340102 |  | 1163 | 14426 | SH |  | DFND | 1 | 14426 | 0 | 0 |
| Cintas Corp | COM | 172908105 |  | 6752 | 14950 | SH |  | DFND | 1 | 14950 | 0 | 0 |
| Comcast Corp - A | CLS A | 20030N101 |  | 23954 | 684980 | SH |  | DFND | 1 | 684980 | 0 | 0 |
| Community Bank System Inc | COM | 203607106 |  | 834 | 13251 | SH |  | DFND | 1 | 13251 | 0 | 0 |
| Congent Communications | COM | 19239V302 |  | 2101 | 36806 | SH |  | DFND | 1 | 36806 | 0 | 0 |
| Constellation Brands Inc - A | CLS A | 21036P108 |  | 6976 | 30102 | SH |  | DFND | 1 | 30102 | 0 | 0 |
| Costco Wholesale Corp Common | COM | 22160K105 |  | 6312 | 13827 | SH |  | DFND | 1 | 13827 | 0 | 0 |
| CROCS Inc | COM | 227046109 |  | 16605 | 153142 | SH |  | DFND | 1 | 153142 | 0 | 0 |
| Crown Castle International | COM | 22822V101 |  | 149 | 1096 | SH |  | DFND | 1 | 1096 | 0 | 0 |
| CubeSmart | COM | 229663109 |  | 1022 | 25401 | SH |  | DFND | 1 | 25401 | 0 | 0 |
| Dun  Bradstreet Holdings | COM | 26484T106 |  | 8338 | 680090 | SH |  | DFND | 1 | 680090 | 0 | 0 |
| Elevance Health Inc | COM | 036752103 |  | 42712 | 83265 | SH |  | DFND | 1 | 83265 | 0 | 0 |
| EOG Resources Inc | COM | 26875P101 |  | 39941 | 308380 | SH |  | DFND | 1 | 308380 | 0 | 0 |
| EVI Industries Inc | COM | 26929N102 |  | 5884 | 246501 | SH |  | DFND | 1 | 246501 | 0 | 0 |
| Exact Sciences | COM | 30063P105 |  | 7773 | 157000 | SH |  | DFND | 1 | 157000 | 0 | 0 |
| Fidelity Growth Opportunities ETF | Fidelity Growth | 316092337 |  | 449 | 35400 | SH |  | DFND | 1 | 35400 | 0 | 0 |
| Fidelity National Information Services | COM | 31620M106 |  | 17937 | 264361 | SH |  | DFND | 1 | 264361 | 0 | 0 |
| First Republic Bank/CA | COM | 33616C100 |  | 1486 | 12193 | SH |  | DFND | 1 | 12193 | 0 | 0 |
| First Trust International Equity | INTL EQUITY OPP | 33734X853 |  | 256 | 6600 | SH |  | DFND | 1 | 6600 | 0 | 0 |
| Fiserv Inc | COM | 337738108 |  | 27525 | 272333 | SH |  | DFND | 1 | 272333 | 0 | 0 |
| Gentex Corp | COM | 371901109 |  | 12890 | 472670 | SH |  | DFND | 1 | 472670 | 0 | 0 |
| Hess Corp | COM | 42809H107 |  | 37202 | 262317 | SH |  | DFND | 1 | 262317 | 0 | 0 |
| Home Depot Inc | COM | 437076102 |  | 253 | 800 | SH |  | DFND | 1 | 800 | 0 | 0 |
| Intercontinental Exchange | COM | 45866F104 |  | 12448 | 121333 | SH |  | DFND | 1 | 121333 | 0 | 0 |
| Invesco Russell 1000 Equal Weight ETF | RUSEL 1000 EQL | 46138E420 |  | 466 | 11600 | SH |  | DFND | 1 | 11600 | 0 | 0 |
| iShares 20 Year Treasury bond | 20 YR TR BD ETF | 464287432 |  | 50 | 500 | SH |  | DFND | 1 | 500 | 0 | 0 |
| iShares Core MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 |  | 12249 | 198711 | SH |  | DFND | 1 | 198711 | 0 | 0 |
| iShares MSCI INTL Momentum Factor ETF | MSCI INTL MOMENT | 46434V449 |  | 1145 | 37130 | SH |  | DFND | 1 | 37130 | 0 | 0 |
| iShares MSCI USA Min Vol Factor ETF | MSCI USA MIN | 46429B697 |  | 3467 | 48089 | SH |  | DFND | 1 | 48089 | 0 | 0 |
| iShares MSCI USA Momentum Factor ETF | MSCI USA MMENTM | 46432F396 |  | 2846 | 19500 | SH |  | DFND | 1 | 19500 | 0 | 0 |
| iShares MSCI USA Quality Factor ETF | MSCI USA QLT FCT | 46432F339 |  | 4210 | 36947 | SH |  | DFND | 1 | 36947 | 0 | 0 |
| iShares Russell Mid-Cap ETF | RUS MID CAP ETF | 464287499 |  | 1346 | 19960 | SH |  | DFND | 1 | 19960 | 0 | 0 |
| iShares Russell Top 200 Growth ETF | RUS TP200 GR ETF | 464289438 |  | 723 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| Jack Henry  Associates Inc | COM | 426281101 |  | 1728 | 9843 | SH |  | DFND | 1 | 9843 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 45869 | 259662 | SH |  | DFND | 1 | 259662 | 0 | 0 |
| Lam Research Corp | COM | 512807108 |  | 12492 | 29722 | SH |  | DFND | 1 | 29722 | 0 | 0 |
| Lazard Ltd - A | SHS A | G54050102 |  | 641 | 18481 | SH |  | DFND | 1 | 18481 | 0 | 0 |
| Mastercard Inc | CLS A | 57636Q104 |  | 49489 | 142320 | SH |  | DFND | 1 | 142320 | 0 | 0 |
| Maxar Technologies Ltd | COM | 57778K105 |  | 44631 | 862598 | SH |  | DFND | 1 | 862598 | 0 | 0 |
| Merck  Co Inc | COM | 58933Y105 |  | 61094 | 550644 | SH |  | DFND | 1 | 550644 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 64158 | 267525 | SH |  | DFND | 1 | 267525 | 0 | 0 |
| Morningstar Inc | COM | 617700109 |  | 1385 | 6393 | SH |  | DFND | 1 | 6393 | 0 | 0 |
| Motorola Solutions Inc | COM | 620076307 |  | 14137 | 54855 | SH |  | DFND | 1 | 54855 | 0 | 0 |
| MSCI Inc | COM | 55354G100 |  | 6149 | 13218 | SH |  | DFND | 1 | 13218 | 0 | 0 |
| Nektar Therapeutics | COM | 640268108 |  | 228 | 100945 | SH |  | DFND | 1 | 100945 | 0 | 0 |
| Newmont Corp | COM | 651639106 |  | 17857 | 378333 | SH |  | DFND | 1 | 378333 | 0 | 0 |
| Northrop Grumman Corp | COM | 666807102 |  | 23904 | 43812 | SH |  | DFND | 1 | 43812 | 0 | 0 |
| Omeros Corp | COM | 682143102 |  | 19 | 8518 | SH |  | DFND | 1 | 8518 | 0 | 0 |
| OraSure Technologies Inc | COM | 68554V108 |  | 1153 | 239224 | SH |  | DFND | 1 | 239224 | 0 | 0 |
| Peabody Energy Corp | COM | 704551100 |  | 12738 | 482140 | SH |  | DFND | 1 | 482140 | 0 | 0 |
| PepsiCo Inc/NC | COM | 713448108 |  | 27042 | 149683 | SH |  | DFND | 1 | 149683 | 0 | 0 |
| Philip Morris International Inc | COM | 718172109 |  | 8369 | 82685 | SH |  | DFND | 1 | 82685 | 0 | 0 |
| Planet Fitness | CLS A | 72703H101 |  | 1092 | 13857 | SH |  | DFND | 1 | 13857 | 0 | 0 |
| PNC Financial Services Group Inc | COM | 693475105 |  | 39937 | 252862 | SH |  | DFND | 1 | 252862 | 0 | 0 |
| Raymond James Financial Inc | COM | 754730109 |  | 1521 | 14233 | SH |  | DFND | 1 | 14233 | 0 | 0 |
| Raytheon Technologies | COM | 75513E101 |  | 48754 | 483093 | SH |  | DFND | 1 | 483093 | 0 | 0 |
| Roper Technologies | COM | 776696106 |  | 13762 | 31851 | SH |  | DFND | 1 | 31851 | 0 | 0 |
| Ross Stores Inc | COM | 778296103 |  | 34891 | 300601 | SH |  | DFND | 1 | 300601 | 0 | 0 |
| SiteOne Landscape Supply | COM | 82982L103 |  | 4955 | 42234 | SH |  | DFND | 1 | 42234 | 0 | 0 |
| SPDR Portfolio S 500 Growth ETF | PRTFLO S GW | 78464A409 |  | 719 | 14188 | SH |  | DFND | 1 | 14188 | 0 | 0 |
| Store Capital Corp | COM | 862121100 |  | 26830 | 836878 | SH |  | DFND | 1 | 836878 | 0 | 0 |
| T Rowe Price Blue Chip Growth ETF | PRICE BLUE CHIP | 87283Q107 |  | 358 | 17420 | SH |  | DFND | 1 | 17420 | 0 | 0 |
| T Rowe Price Dividend Growth ETF | Price Div Grwt | 87283Q404 |  | 6389 | 203548 | SH |  | DFND | 1 | 203548 | 0 | 0 |
| Texas Instruments Inc | COM | 882508104 |  | 22593 | 136745 | SH |  | DFND | 1 | 136745 | 0 | 0 |
| TJX Companies Inc | COM | 872540109 |  | 41531 | 521747 | SH |  | DFND | 1 | 521747 | 0 | 0 |
| Truist Financial Corp | COM | 89832Q109 |  | 8415 | 195564 | SH |  | DFND | 1 | 195564 | 0 | 0 |
| Twilio Inc | CLS A | 90138F102 |  | 720 | 14713 | SH |  | DFND | 1 | 14713 | 0 | 0 |
| Tyler Technologies Inc | COM | 902252105 |  | 18169 | 56355 | SH |  | DFND | 1 | 56355 | 0 | 0 |
| United Rentals Inc | COM | 911363109 |  | 75 | 212 | SH |  | DFND | 1 | 212 | 0 | 0 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 8515 | 16061 | SH |  | DFND | 1 | 16061 | 0 | 0 |
| Upwork Inc | COM | 91688F104 |  | 93 | 8901 | SH |  | DFND | 1 | 8901 | 0 | 0 |
| Valero Energy Corp | COM | 91913Y100 |  | 55391 | 436629 | SH |  | DFND | 1 | 436629 | 0 | 0 |
| Vanguard International Dividend Apprec | INTL DVD ETF | 921946810 |  | 3586 | 51501 | SH |  | DFND | 1 | 51501 | 0 | 0 |
| Vanguard Russell 1000 Growth ETF | VNG RUS1000GRW | 92206C680 |  | 908 | 16477 | SH |  | DFND | 1 | 16477 | 0 | 0 |
| Vanguard Russell 1000 Value | VNG RUS1000VAL | 92206C714 |  | 4141 | 62200 | SH |  | DFND | 1 | 62200 | 0 | 0 |
| Vanguard S 500 ETF | S 500 ETF SHS | 922908363 |  | 15268 | 43457 | SH |  | DFND | 1 | 43457 | 0 | 0 |
| Verizon Communications Inc | COM | 92343V104 |  | 14550 | 369280 | SH |  | DFND | 1 | 369280 | 0 | 0 |
| Visa Inc - A | COM | 92826C839 |  | 43623 | 209967 | SH |  | DFND | 1 | 209967 | 0 | 0 |
| Vontier Corp | COM | 928881101 |  | 9052 | 468306 | SH |  | DFND | 1 | 468306 | 0 | 0 |
| WEC Energy Group | COM | 92939U106 |  | 6368 | 67914 | SH |  | DFND | 1 | 67914 | 0 | 0 |

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