January - Early Edition - CI Investments

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CI Income Opportunities –Fund HighlightsCI Investments offers a comprehensive selection of income funds to meet investor needs.These range from traditional bond funds to diversified income funds that offer enhancedyields by investing in higher-yielding asset classes, such as high-yield corporate bonds,infrastructure, REITs and other real estate-related securities. To assist you in choosingthe appropriate funds for your clients, we present this monthly communication featuringhighlights of seven key income offerings. This piece is being e-mailed on a monthly basis.Please contact your CI sales team to ensure delivery. We hope you will find it useful andinformative in discussions with your clients.16 WINTER 2011 EARLY EDITION PERSPECTIVE AS AT DECEMBER 31, 2010
Income Opportunitiesas at November 30, 2010 (Class A)SignatureDiversifiedYieldSignatureHigh IncomeSignatureCorporateBondSignatureIncome &GrowthPS IncomeSelect IncomeAdvantageManagedSignatureCanadianBondMonthly per unit distribution $0.05 $0.07 Variable $0.025 $0.04 N/A VariableAnnualized distribution payout 5.3% 6.2% Variable 6.4% 4.4% N/A VariablePortfolio yield (approx.) 6.2% 6.3% 6.8% 3.9% 5.0% 4.4% 3.7%Dividend characteristicsCurrent asset mix*ROC &capital gainsROC, income &capital gainsIncomeIncome &capital gainsIncome &capital gainsCash 10% 6% 3% 6% 6% 11% 4%Government and investmentgrade corporate bonds6% 6% 36% 11% 38% 49% 96%High-yield bonds 45% 36% 61% 20% 21% 18% 0%REITs, trusts, & equities 39% 52% 0% 63% 35% 22% 0%DurationIn years (bond portion) 3.9 3.4 4.4 3.9 4.9 5.2 6.0Credit qualityAverage credit quality BB BB+ BB+ BBB A- A+ AA-% under Single B 5% 7% 4% 6% 3% 2% 0%Currency exposure* ‡CAD 73% 88% 91% 82% 76% 71% 99%USD 19% 7% 9% 9% 9% 10% 1%EUR 0% 1% 0% 1% 4% 4% 0%Other 8% 4% 0% 8% 11% 15% 0%Management feesClass A 1.90% 1.25% 1.70% 2.00% 1.65% 1.65% 1.35%Class F 0.90% 0.75% 0.85% 1.00% 0.90% 0.90% 0.85%PMA ($500K level)† 0.95% 0.95% 0.95% 0.95% 0.95% 0.70% 0.70%PMA ($1M level)† 0.85% 0.85% 0.85% 0.85% 0.85% 0.65% 0.65%Trailer feesClass A (ISC/DSC) 1.00%/0.50% 0.50%/0.25% 0.50%/0.25% 1.00%/0.50% 0.50%/0.25% 1.00%/0.50% 0.50%/0.25%Fund codesTrust Class A FE 619 686 9010 6116 7740 N/A 837Trust Class A DSC 819 786 9060 6166 7745 N/A 847Trust Class A LL 1619 1786 1150 1166 1745 N/A 1847Corp Class FE 2319 2304 2308 2309 N/A 2265 2303Corp Class DSC 3319 3304 3308 3309 N/A 3265 3303Corp Class LL 1319 1304 1308 1309 N/A 1465 1303N/AIncomeSource: CI Investment Consulting, RBC Dexia, Wilshire Atlas, Wilshire Axiom* Aggregate exposure may not equal 100% due to rounding.† Includes both management and administration fees.‡ Currency exposure includes the effect of hedging.WINTER 2011 EARLY EDITION PERSPECTIVE AS AT DECEMBER 31, 2010 17
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January - Early Edition - CI Investments

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