July - Summer Edition - CI Investments

More documents

Recommendations

Info

Fund Facts as at June 30, 2011 Fund Codes ISC DSC LSC Class A CIG2322 CIG3322 CIG1522 Managed By: CI Investments Inc. Advisors: Cambridge Advisors Assets Under Management*: $452.3 million Portfolio Manager: Alan Radlo, MBA, BA Asset Class: Asset Allocation Inception Date: December 2007 NAV: $11.68 Min. Initial Investment: $500 Subsequent Purchase(s): $50 Min. PAC Investment: $50 Management Expense Ratio: 2.43% Mutual Funds (Class A) Cambridge Canadian Asset Allocation Corporate Class (Class A) OBJECTIVE This fund’s objective is to achieve a superior total investment return by investing, directly or indirectly, in a combination of primarily equity and fixed income securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity− related securities and securities of other mutual funds. Any change to the investment objective must be approved by a majority of the votes cast by shareholders at a meeting called to consider the change. Compound Returns and Quartile Rankings (as at June 30, 2011) This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund’s benchmark Globe Tactical Balanced Peer Index. The returns listed below are percentages. Performance of the fund versus its official benchmark can be found in the Management Report of Fund Performance (MRFP). See the related document section on this web page. Since YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10Yr Inception* Qrtl 1 1 3 1 1 {N/A} {N/A} {N/A} Return 5.23 −0.26 −2.83 23.43 4.46 {N/A} {N/A} 4.81 Grp Avg 0.33 −1.73 −2.29 13.0 0.59 2.73 4.58 {N/A} Ind Ret 0.41 −1.73 −2.38 11.45 2.0 2.89 3.96 {N/A} *December 31, 2007 Top Holdings as at June 30, 2011 Keyera Corp. 4.50% Inter Pipeline Fund 4.09% Provident Energy Ltd. 3.55% Tourmaline Oil 2.64% Pembina Pipeline Corp. 2.62% Canadian Natural Resources 2.50% JP Morgan Chase & Co. 2.04% Brookfield Infrastructure LP 1.99% Canadian National Railway 1.99% Cenovus Energy 1.88% Total 27.80% Volatility Meter Low High Based on 3−year standard deviation relative to other funds in its category, from Globe HySales. Equity Style and Capitalization Overview Blend Growth Value Large Mid Small Performance Data This chart shows you the fund´s annual performance and how an investment would have changed over time. 50% 0% −50% Asset Class Equity Sectors CI Cambridge Cdn Asset All. CC −20.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Canadian Equity 59.7% International Equity 2.9% Bond 1.1% Cash 20.0% United States Equity 16.4% Health Care 2.4% Industrials 11.6% Information Technology 9.9% Financials 21.3% Energy 26.7% Other 5.9% Cash 20.0% Consumer Discretionary 2.4% Current Value of a $10,000 Investment $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 23.9 CI Cambridge Cdn Asset All. CC $0 Dec07 Dec08 Dec09 Dec10 13.0 $11,785 Geographic Composition Source: CI Investments and CTVglobemedia Publishing Inc. Canada 60.8% Germany 1.1% Bermuda 0.7% Other 20.0% United States 16.4% Switzerland 0.5% United Kingdom 0.6% 60 SUMMER 2011 PERSPECTIVE AS AT JUNE 30, 2011
Fund Facts as at June 30, 2011 Fund Codes Class A Corporate Class ISC CIG691 CIG2310 DSC CIG891 CIG3310 LSC CIG1891 CIG1310 Harbour Growth & Income Fund (Class A) Also available: Class F & I Mutual Funds (Class A) Managed By: CI Investments Inc. Advisors: Harbour Advisors Assets Under Management*: $3,944.3 million Portfolio Manager: Gerald Coleman and Stephen Jenkins Asset Class: Canadian Balanced Inception Date: June 1997 NAV: $18.68 Min. Initial Investment: $500 Subsequent Purchase(s): $50 Min. PAC Investment: $50 Management Expense Ratio: 2.43% Top Holdings as at June 30, 2011 Suncor Energy − Tim Hortons − BHP Billiton Limited − Canadian National Railway − Intact Financial − Manulife Financial − TD Bank − Potash Corp. of Saskatchewan − Bank of Nova Scotia − Talisman Energy − Total 35.60% OBJECTIVE This fund’s objective is to obtain long−term total return through a prudent balance of income and capital appreciation. It invests primarily in equity and equity−related securities of mid− to large−capitalization Canadian companies and fixed income securities issued by Canadian governments and companies. The proportion of the fund’s assets invested in equity and fixed income securities may vary according to market conditions. Any change to the investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason. Compound Returns and Quartile Rankings (as at June 30, 2011) This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund’s benchmark Blend: 50% S&P/TSX, 50% DEX Universe. The returns listed below are percentages. Performance of the fund versus its official benchmark can be found in the Management Report of Fund Performance (MRFP). See the related document section on this web page. Since YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10Yr Inception* Qrtl 3 2 3 2 2 1 1 {N/A} Return −0.16 −1.37 −2.81 13.9 0.69 3.0 6.2 5.85 Grp Avg 0.33 −1.73 −2.29 13.0 0.59 2.73 4.58 {N/A} Ind Ret 1.23 −1.63 −1.38 12.61 3.66 6.24 7.56 {N/A} *June 27, 1997 Performance Data This chart shows you the fund´s annual performance and how an investment would have changed over time. 50% 0% −50% Asset Class 8.9 1.3 8.1 CI Harbour Growth & Income 12.3 17.3 −19.7 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 11.2 3.8 Current Value of a $10,000 Investment 21.2 8.0 Volatility Meter Low High Based on 3−year standard deviation relative to other funds in its category, from Globe HySales. International Equity 10.2% Bond 4.8% Cash 18.1% Canadian Equity 50.2% United States Equity 16.4% Other 0.2% $20,000 $18,000 $16,000 $14,000 $12,000 CI Harbour Growth & Income $18,139 Equity Style and Capitalization Overview Blend Growth Value Large Mid Small Equity Sectors Consumer Staples 4.6% Materials 15.1% Other 11.3% Cash 18.1% Financials 20.8% Information Technology 7.3% Energy 16.0% Industrials 6.8% $10,000 $8,000 $6,000 $4,000 $2,000 $0 Dec02 Dec04 Dec06 Dec08 Dec10 Geographic Composition Source: CI Investments and CTVglobemedia Publishing Inc. Canada 55.1% United Kingdom 3.9% China 0.2% Australia 3.6% Other 18.3% United States 16.4% Belgium 0.5% Taiwan 1.9% SUMMER 2011 PERSPECTIVE AS AT JUNE 30, 2011 61
Page 1 and 2:
www.ci.com/perspective Summer 2011
Page 3 and 4:
Summer 2011 Dear Advisor, CI Invest
Page 5 and 6:
Introducing Black Creek That gives
Page 7 and 8:
Introducing Black Creek [Q] Why hav
Page 9 and 10:
Book reviews Book reviews Settling
Page 11 and 12: Book reviews NON-FICTION: The Big S
Page 13 and 14: Book reviews Brandon Snow Principal
Page 15 and 16: Book reviews Malcolm White Vice-Pre
Page 17 and 18: Portfolio Snapshot Performance YTD
Page 23 and 24: Signature Market Roundup Interest r
Page 25 and 26: Signature Market Roundup Consumer p
Page 27 and 28: Signature Market Roundup Global ind
Page 29 and 30: Signature Market Roundup High-yield
Page 31 and 32: Commentary In addition to the above
Page 33 and 34: Commentary eBay and Wienerberger. C
Page 35 and 36: Commentary Stephen Jenkins Senior V
Page 37 and 38: Tetrem Capital Management Ltd. Comm
Page 39 and 40: In choosing the Fund Manager of the
Page 41 and 42: Fund Facts as at June 30, 2011 Fund
Page 61: Fund Facts as at June 30, 2011 Fund
Page 73 and 74: Summary of capped funds MUTUAL/HEDG
Page 75 and 76: CI Corporate Class cont’d LEAD MA
Page 77 and 78: Portfolio Select Series LEAD MANAG
Page 79 and 80: CI GIFs (Class A units) 1 Issued by
Page 81 and 82: Clarica MVP Segregated Funds LEAD M
Page 83 and 84: Clarica Portfolio Segregated Funds
Page 85 and 86: SunWise ® I Funds Full Guarantee c
Page 87 and 88: SunWise ® II Funds Basic Guarantee
Page 89 and 90: SunWise ® II Funds Combined Guaran
Page 91 and 92: SunWise ® II Funds Full Guarantee
Page 93 and 94: SunWise ® Basic Guarantee Elite Fu
Page 95 and 96: SunWise ® Elite Funds Combined Gua
Page 97 and 98: SunWise ® Full Guarantee cont’d
Page 99 and 100: SunWise ® Investment Class Essenti
Page 101 and 102: SunWise ® Estate Class cont’d Es
Page 103 and 104: All commentaries are published by C
show all

July - Summer Edition - CI Investments

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?