July - Summer Edition - CI Investments

All commentaries are published by CI Investments Inc., the manager of
all the funds described herein. They are provided as a general source of
information and should not be considered personal investment advice
or an offer or solicitation to buy or sell securities. Every effort has been
made to ensure that the material contained in the commentaries is
accurate at the time of publication. However, CI Investments Inc. cannot
guarantee their accuracy or completeness and accepts no responsibility
for any loss arising from any use of or reliance on the information
contained herein.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Unless otherwise indicated and except
for returns for periods less than one year, the indicated rates of
return are the historical annual compounded total returns including
changes in security value. All performance data assume reinvestment
of all distributions or dividends and do not take into account sales,
redemption, distribution or optional charges or income taxes payable
by any securityholder that would have reduced returns. Returns are for
Class A securities, unless otherwise indicated. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated. Mutual fund securities are not covered by the Canada
Deposit Insurance Corporation or by any other government deposit
insurer and there can be no assurances that the CI Money Market Funds
will maintain its net asset value per security at a constant amount or that
the full amount of your investment in these funds will be returned to you.
The offering of units of the CI Global Opportunities Fund and Trident
Global Opportunities Fund are made pursuant to their respective
Offering Memorandum only to those investors in jurisdictions of Canada
who meet certain eligibility or minimum purchase requirements.
Transamerica Life Canada is the sole issuer of the individual
variable annuity contracts providing for investment in CI
Guaranteed Investment Funds and Legacy Funds. A description
of the key features of the applicable individual variable annuity contract
is contained in the CI Guaranteed Investment Funds or Legacy Funds
Information Folder.
Unity Life of Canada has entered into an agreement with
CI Investments Inc. pursuant to which CI is responsible
for certain marketing and administrative services in relation to
the CI Segregated Funds. Unity Life of Canada established the
individual variable annuity contract providing for investment in
the CI Segregated Funds. A description of the key features of
the individual variable annuity contract is contained in the CI Segregated
Funds Information Folder.
Sun Life Assurance Company of Canada, a member of the Sun Life Financial
group of companies, is the sole issuer of the individual variable annuity contracts
providing for investment in SunWise, SunWise Elite and Clarica segregated
funds. A description of the key features of the applicable individual variable
annuity contract is contained in the SunWise or Clarica Information Folder.
®CI Investments, the CI Investments design, Perspective, Synergy
Mutual Funds, Harbour Advisors, Harbour Funds, Cambridge Global
Managers, American Managers, Insight and Insight Program, Legacy
Funds and CI Guaranteed Investment Funds are registered trademarks
of CI Investments Inc. Cambridge Advisors is the business name of CI
Global Holdings Inc. Certain portfolio managers of Cambridge Advisors
are registered with CI Investments Inc.
Cambridge, Portfolio Select Series, Portfolio Series, Signature Funds
and Signature Global Advisors are trademarks of CI Investments Inc.
®TRANSAMERICA is a registered trademark of Transamerica
Corporation. Transamerica Life Canada is licensed to use such marks.
Transamerica Life Canada is registered to carry on business under the
name “Transamerica Life Canada”.
®SunWise and Clarica are registered trademarks of Sun Life Assurance
Company of Canada.
®True North and Fidelity NorthStar are registered trademarks of FMR Corp.
Franklin Templeton Investments, Franklin Templeton Investments
Quotential Program and/or Franklin Templeton Investments and design are
registered trademarks of Franklin Templeton Investment corp.
®Fidelity Investments and the Fidelity design are registered trademarks
of FMR Corp.
Nothing herein should be read to constitute an offer or solicitation
by Trident Investment Management, LLC or its principal to provide
investment advisory services to any person or entity.
For Advisor Use Only