January - Early Edition - CI Investments

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