March - CI Investments

Fund Factsas at March 31, 2010Fund CodesISCDSCLSCClass ACIG2321CIG3321CIG1521Cambridge Canadian Equity Corp ClassAlso available: Class F, W, I & TMutual Funds(Class A)Managed By: CI Investments Inc.Advisors: Cambridge AdvisorsAssets Under Management: $345.6 millionPortfolio Manager: Alan Radlo, MBA, BAAsset Class: Canadian EquityInception Date: December 2007NAV: $9.84Min. Initial Investment: $500Subsequent Purchase(s): $50Min. PAC Investment: $50Management Expense Ratio: 2.32%Top Holdingsas at March 31, 2010TD Bank 6.57%Royal Bank of Canada 6.02%Suncor Energy 4.78%National Bank of Canada 4.47%Canadian Natural Resources 4.35%Research In Motion 3.27%Canadian National Railway 2.68%Barrick Gold Corp. 2.26%Goldcorp Inc. 2.20%Onex Corporation 2.09%Total 38.69%OBJECTIVEThis fund’s objective is to achieve long−term capital growth by investing, directly or indirectly, primarily in equity securities of Canadiancompanies. Indirect investments may include convertible securities, derivatives, equity−related securities and securities of other mutualfunds. Any change to the investment objective must be approved by a majority of the votes cast by shareholders at a meeting called toconsider the change.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/TSX Total Return. The returns listed below are percentages.YTD 1Mo 3Mo 1Yr 3Yr 5Yr 10YrSinceInception*Qrtl 1 2 1 2 {N/A} {N/A} {N/A} {N/A}Return 4.46 3.91 4.46 34.19 {N/A} {N/A} {N/A} −0.55Grp Avg 2.51 3.65 2.51 34.78 −3.84 3.52 4.69 {N/A}Ind Ret 3.14 3.81 3.14 42.15 −0.03 7.41 4.67 {N/A}*December 31, 2007Performance 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 SectorsCanadian Equity 79.2%Cash 1.5%United States Equity 11.0%International Equity 8.2%Cash 1.5%Health Care 8.0%Information Technology 11.6%Energy 22.3%Financials 22.5%Industrials 18.8%Materials 7.7%Other 7.5% Geographic CompositionSource: CI Investments and CTVglobemedia Publishing Inc.Canada 79.2%United Kingdom 2.2%Sweden 0.6%Brazil 1.8%United States 11.0%Other 2.8%Japan 0.8%Panama 1.6%PAGE 70 • SPRING 2010 PERSPECTIVE AS AT MARCH 31, 2010