March - CI Investments

Fund Factsas at March 31, 2010Fund Codes Class A Corporate ClassISC CIG7500 CIG510DSC CIG7505 CIG511LSC CIG1510 CIG1511CI American Value Corporate ClassMutual Funds(Class A)Managed By: CI Investments Inc.Advisors: Epoch Investment Partners, Inc.Assets Under Management: $340.2 millionPortfolio Manager: William Priest and David PearlAsset Class: American EquityInception Date: July 2001NAV: $9.68Min. Initial Investment: $500Subsequent Purchase(s): $50Min. PAC Investment: $50Management Expense Ratio: 2.34%Top Holdings as at March 31, 2010Visa Inc. 4.80%Microsoft 4.18%Exxon Mobil 3.12%Boeing Co. 2.89%Franklin Resources 2.76%Oracle Corp. 2.71%Praxair 2.65%Ameriprise Financial 2.58%Thermo Fisher Scientific 2.48%DaVita 2.41%Total 30.58%OBJECTIVEThis fund’s objective is to provide superior returns with a limited level of risk by investing in a diversified portfolio of high qualityundervalued companies. It invests primarily in equity and equity−related securities of companies in the United States. Any change to theinvestment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.Compound Returns and Quartile Rankings (as at March 31, 2010)This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund’sbenchmark S&P 500 Composite Total Return Idx($Cdn). The returns listed below are percentages.YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10YrSinceInception*Qrtl 3 2 3 3 1 1 {N/A} {N/A}Return 1.68 2.87 1.68 16.35 −6.81 −0.98 {N/A} −0.37Grp Avg 2.35 3.01 2.35 24.65 −9.84 −3.38 −5.31 {N/A}Ind Ret 2.27 2.31 2.27 20.7 −8.13 −1.59 −4.15 {N/A}Performance 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.United States Equity 93.1%$15,000Equity Style and Capitalization OverviewLargeMidSmallBlend Growth ValueEquity SectorsCash 4.2%International Equity 2.6%$10,000$5,000$9,680Cash 4.2%Health Care 11.0%Energy 10.9%Information Technology 18.2%Financials 24.9%Industrials 12.5%Other 10.4%Consumer Discretionary 7.8%$0Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09Geographic CompositionSource: CI Investments and CTVglobemedia Publishing Inc.United States 93.1%Switzerland 0.9%Other 4.2%Bermuda 1.8%PAGE 68 • SPRING 2010 PERSPECTIVE AS AT MARCH 31, 2010