March - CI Investments

Fund Factsas at March 31, 2010Fund Codes Class A Corporate ClassISC CIG680 CIG206DSC CIG880 CIG706LSC CIG1880 CIG1706CI Global Value FundAlso available: Class F & IMutual Funds(Class A)Managed By: CI Investments Inc.Advisors: Altrinsic Global Advisors, LLCAssets Under Management: $90.9 millionPortfolio Manager: John HockAsset Class: Global EquityInception Date: June 1996NAV: $10.25Min. Initial Investment: $500Subsequent Purchase(s): $50Min. PAC Investment: $50Management Expense Ratio: 2.33%Top Holdingsas at March 31, 2010Merck & Company 2.36%GlaxoSmithKline PLC 2.20%NESTLE N 2.00%Wal−Mart 1.85%BP PLC 1.84%Covidien 1.84%Nintendo Co. 1.80%Comcast Corp. 1.78%Torchmark Corp. 1.76%Seven & I Holdings Co. 1.68%Total 19.11%OBJECTIVEThis fund’s objective is to obtain maximum long−term capital growth by identifying securities that the portfolio advisor believes areundervalued and have the potential for future growth. It invests primarily in equity and equity−related securities of companies aroundthe world. The fund may make large investments in any country, including emerging markets or emerging industries of any market. Anychange to the investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.Compound Returns and Quartile Rankings (as at March 31, 2010)This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund’sbenchmark MSCI World ($ Cdn). The returns listed below are percentages.YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10YrSinceInception*Qrtl 2 2 2 4 3 3 2 {N/A}Return 0.89 2.91 0.89 19.2 −9.69 −2.07 −1.58 0.71Grp Avg 0.76 3.11 0.76 28.34 −8.5 −0.69 −2.42 {N/A}Ind Ret 0.29 2.51 0.29 23.49 −8.79 −0.1 −3.08 {N/A}*June 12, 1996Performance DataThis chart shows you the fund´s annual performance and how an investment would have changed over time. Volatility MeterAsset ClassCurrent Value of a $10,000 InvestmentLowHighBased on 3−year standard deviation relative to other fundsin its category, from Globe HySales.Equity Style and Capitalization OverviewBlend Growth ValueLargeMidSmallEquity SectorsInternational Equity 57.9%Cash 2.2%United States Equity 36.9%Canadian Equity 2.9%Cash 2.2%Other 13.8%Information Technology 14.2%Industrials 16.2%Financials 16.9%Consumer Staples 15.0%Health Care 11.7%Energy 10.0% Geographic CompositionSource: CI Investments and CTVglobemedia Publishing Inc.United Kingdom 12.2%Switzerland 2.9%Germany 6.5%Japan 18.6%United States 36.9%Other 14.6%France 5.3%Canada 2.9%PAGE 62 • SPRING 2010 PERSPECTIVE AS AT MARCH 31, 2010