March - CI Investments

Fund Factsas at March 31, 2010Fund CodesISCDSCLSCClass ACIG2301CIG3301CIG1301CI Value Trust Corporate ClassAlso available: Class F, I & TMutual Funds(Class A)Managed By: CI Investments Inc.Advisors: Legg Mason Capital ManagementAssets Under Management: $282.6 millionPortfolio Manager: Bill Miller, CFAAsset Class: American EquityInception Date: December 2001NAV: $6.52Min. Initial Investment: $500Subsequent Purchase(s): $50Min. PAC Investment: $50Management Expense Ratio: 2.58%Top Holdingsas at March 31, 2010AES Corp. 6.50%Aflac 4.26%Sears Holdings 3.72%Aetna 3.58%eBay 3.54%Cisco Systems 3.19%Capital One Financial 3.17%Hewlett−Packard Co. 3.16%IBM 3.09%CA Inc. 3.08%Total 37.29%OBJECTIVEThis fund’s objective is to obtain long−term capital growth. It invests primarily in equity and equity−related securities of companies inthe UnitedStates. Any change to the investment objective must be approved by a majority of votes cast at a meeting of unitholders heldfor that reason.Compound Returns and Quartile Rankings (as at March 31, 2010)This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund’sbenchmark S&P 500 Composite Total Return Idx($Cdn). The returns listed below are percentages.YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10YrSinceInception*Qrtl 3 3 3 1 4 4 {N/A} {N/A}Return 1.56 2.19 1.56 33.88 −19.33 −10.59 {N/A} −5.05Grp 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}*December 31, 2001Performance 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 OverviewLargeMidSmallBlend Growth ValueEquity SectorsUnited States Equity 99.8%Cash 0.2%Cash 0.2%Health Care 12.5%Utilities 6.5%Information Technology 24.1%Financials 28.2%Industrials 4.4%Consumer Discretionary 21.5%Other 2.6% Geographic CompositionUnited States 99.8%Other 0.2%Source: CI Investments and CTVglobemedia Publishing Inc.PAGE 69 • SPRING 2010 PERSPECTIVE AS AT MARCH 31, 2010