July - Summer Edition - CI Investments
July - Summer Edition - CI Investments
July - Summer Edition - CI Investments
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Fund Facts<br />
as at June 30, 2011<br />
Fund Codes<br />
ISC<br />
DSC<br />
LSC<br />
Class A<br />
<strong>CI</strong>G7770<br />
<strong>CI</strong>G7775<br />
<strong>CI</strong>G1775<br />
Managed Solutions<br />
(Class A)<br />
Portfolio Series Conservative Fund (Class A)<br />
Also available: Class F & I<br />
Managed By: <strong>CI</strong> <strong>Investments</strong> Inc.<br />
Advisors: <strong>CI</strong> Investment Consulting<br />
Assets Under Management*: $446.1 million<br />
Portfolio Manager: Multi−manager<br />
Asset Class: Asset Allocation<br />
Inception Date: November 1997<br />
NAV: $13.45<br />
Min. Initial Investment: $500<br />
Subsequent Purchase(s): $50<br />
Min. PAC Investment: $50<br />
Management Expense Ratio: 2.29%<br />
ÿ<br />
Top Holdingsas at June 30, 2011<br />
<strong>CI</strong> Signature Canadian Bond Class I 22.75%<br />
<strong>CI</strong> Signature High Income 11.02%<br />
<strong>CI</strong> Global Bond 10.65%<br />
<strong>CI</strong> Signature Corporate Bond 9.97%<br />
<strong>CI</strong> Canadian Investment Corp Class 6.23%<br />
<strong>CI</strong> Synergy Canadian Corporate Class 6.22%<br />
<strong>CI</strong> Signature Select Cdn Corp Cl 6.17%<br />
<strong>CI</strong> International Value Corp Class 4.74%<br />
<strong>CI</strong> American Value Corporate Class 4.71%<br />
<strong>CI</strong> Signature Div Yield Corp Class 4.05%<br />
OBJECTIVE<br />
This portfolio’s objective is to provide a balance between income and capital growth at lower than average levels of volatility by<br />
investing in income and equity mutual funds. Any change to the investment objective must be approved by a majority of votes cast at a<br />
meeting of unitholders held for that reason.<br />
Compound Returns and Quartile Rankings (as at June 30, 2011)<br />
This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund’s<br />
benchmark Blend: 60% MS<strong>CI</strong> World, 40% Barclays Cap. The returns listed below are percentages. Performance of the fund versus its<br />
official benchmark can be found in the Management Report of Fund Performance (MRFP). See the related document section on this web<br />
page.<br />
Since<br />
YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10Yr Inception*<br />
Qrtl 1 1 1 2 2 2 2 {N/A}<br />
Return 1.97 −1.32 0.07 12.22 3.38 3.29 4.9 4.9<br />
Grp Avg 1.31 −1.65 −0.85 12.84 2.76 2.84 3.52 {N/A}<br />
Ind Ret 1.27 −1.57 0.58 8.93 1.82 1.7 0.72 {N/A}<br />
*November 17, 1997<br />
Performance Data<br />
This chart shows you the fund´s annual performance and how an investment would have changed over time.<br />
20%<br />
0%<br />
−20%<br />
2.8<br />
−1.0<br />
11.2<br />
<strong>CI</strong> Portfolio Series Conservative<br />
9.1<br />
8.7<br />
−1.5<br />
−13.9<br />
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010<br />
9.8<br />
15.1<br />
8.9<br />
Total 86.51%<br />
Volatility Meter<br />
Asset Class<br />
Current Value of a $10,000 Investment<br />
<strong>CI</strong> Portfolio Series Conservative<br />
Low<br />
High<br />
Based on 3−year standard deviation relative to other funds<br />
in its category, from Globe HySales.<br />
Income 55.0%<br />
International Equities 9.0%<br />
Canadian Equities 20.0%<br />
$18,000<br />
$16,000<br />
$14,000<br />
$16,044<br />
Equity Style and Capitalization Overview<br />
Blend Growth Value<br />
Large<br />
Mid<br />
Small<br />
American Equities 16.0%<br />
$12,000<br />
$10,000<br />
$8,000<br />
$6,000<br />
$4,000<br />
$2,000<br />
$0<br />
Dec02 Dec04 Dec06 Dec08 Dec10<br />
Source: <strong>CI</strong> <strong>Investments</strong> and CTVglobemedia Publishing Inc.<br />
40 SUMMER 2011 PERSPECTIVE AS AT JUNE 30, 2011