July - Summer Edition - CI Investments

Fund Facts
as at June 30, 2011
Fund Codes Class A Corporate Class
ISC CIG9010 CIG2308
DSC CIG9060 CIG3308
LSC CIG1150 CIG1308
Signature Corporate Bond Fund (Class A)
Also available: Class F & I
Mutual Funds
(Class A)
Managed By: CI Investments Inc.
Advisors: Signature Global Advisors
Assets Under Management*: $239.7 million
Portfolio Manager: Geof Marshall, John Shaw and
James Dutkiewicz
Asset Class: Canadian Fixed Income
Inception Date: December 2001
NAV: $9.84
Min. Initial Investment: $500
Subsequent Purchase(s): $50
Min. PAC Investment: $50
Management Expense Ratio: 2.10%
ÿ
Top Holdings as at June 30, 2011
International Lease Finance, 8.75%, 1.01%
March 15, 2017
Harvest Operations Corp., 6.88%, 0.98%
October 1, 2017
Lincoln National Corp., 7.00%, May 0.92%
17, 2066
National Money Mart Company,
0.80%
10.38%, December 15, 2016
Bank of America, 8.00%, January 30, 0.80%
2049
CB Richard Ellis Group, 11.63%, June 0.77%
15, 2017
Calpine Corp., 7.50%, February 15, 0.73%
2021
SunGard Data Systems, 10.25%, 0.73%
August 15, 2015
Digicel, 12.00%, April 1, 2014 0.71%
Multiplan Inc, 9.88%, September 1, 0.69%
2018
Total 8.14%
OBJECTIVE
The fund’s investment objective is to achieve a yield advantage by using fundamental value analysis to evaluate investments. The fund
will invest mainly in fixed−income securities that are investment grade and below investment grade. The fundamental investment
objective of the fund can only be changed with the approval of a majority of the votes cast by unitholders at a meeting called specifically
to vote on the change to the investment objectives.
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 High Yield Fixed Income 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 4 3 3 4 3 3 {N/A} {N/A}
Return 2.49 −1.07 0.39 7.97 7.24 5.25 {N/A} 4.38
Grp Avg 3.28 −0.88 0.74 10.48 8.1 6.09 5.46 {N/A}
Ind Ret 3.05 −0.88 0.74 9.0 6.9 5.01 5.24 {N/A}
*December 17, 2001
Performance Data
This chart shows you the fund´s annual performance and how an investment would have changed over time.
20%
0%
−20%
Bond Type
Bond Term
1.9
4.6
CI Signature Corporate Bond
5.1
3.7
−0.8
−7.4
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Corporate Debentures 89.7%
Municipal Bonds 0.3%
Other 9.3%
Federal Bonds 0.7%
4.9
Current Value of a $10,000 Investment
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
19.9
CI Signature Corporate Bond
9.3
$15,052
Volatility Meter
Low
High
Based on 3−year standard deviation relative to other funds
in its category, from Globe HySales.
5−10 years maturity 53.4%
Other 9.3%
10−20 years maturity 2.7%
1−5 years maturity 23.1%
More than 20 years maturity 11.4%
$4,000
$2,000
$0
Dec02 Dec04 Dec06 Dec08 Dec10
Fixed Income and Capitalization Overview
Spread Rate Blend
Long
Blend
Short
Source: CI Investments and CTVglobemedia Publishing Inc.
Geographic Composition
Luxembourg 1.6%
Marshall Islands 1.2%
United Kingdom 1.7%
Canada 38.9%
United States 40.8%
Other 13.3%
Bermuda 1.4%
Cayman Islands 1.2%
70 SUMMER 2011 PERSPECTIVE AS AT JUNE 30, 2011