January - Early Edition - CI Investments

All commentaries are published by CI Investments Inc., the manager ofall the funds described herein. They are provided as a general sourceof information and should not be considered personal investmentadvice or an offer or solicitation to buy or sell securities. Everyeffort has been made to ensure that the material contained in thecommentaries is accurate at the time of publication. However,CI Investments Inc. cannot guarantee their accuracy or completenessand accepts no responsibility for any loss arising from any use of orreliance on the information contained herein.Commissions, trailing commissions, management fees and expensesall may be associated with mutual fund investments. Please read theprospectus before investing. Unless otherwise indicated and exceptfor returns for periods less than one year, the indicated rates ofreturn are the historical annual compounded total returns includingchanges in security value. All performance data assume reinvestmentof all distributions or dividends and do not take into account sales,redemption, distribution or optional charges or income taxes payableby any securityholder that would have reduced returns. Returnsare for Class A securities, unless otherwise indicated. Mutualfunds are not guaranteed, their values change frequently and pastperformance may not be repeated. Mutual fund securities are notcovered by the Canada Deposit Insurance Corporation or by any othergovernment deposit insurer and there can be no assurances that theCI Money Market Funds will maintain its net asset value per securityat a constant amount or that the full amount of your investment inthese funds will be returned to you.Sun Life Assurance Company of Canada, a member of the Sun LifeFinancial group of companies, is the sole issuer of the individual variableannuity contract -providing for investment in SunWise Essential Seriessegregated funds. A description of the key features of the applicableindividual variable annuity contract is contained in the Information Folder.ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND ISINVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAYINCREASE OR DECREASE IN VALUE.®CI Investments, the CI Investments design, Perspective, SignatureGlobal Advisors, Synergy Mutual Funds, Harbour Advisors, HarbourFunds, Global Managers, American Managers, Insight and InsightProgram, Legacy Funds and CI Guaranteed Investment Funds areregistered trademarks of CI Investments Inc. Cambridge, Portfolio Select Series, Portfolio Series and SignatureFunds are trademarks of CI Investments Inc.®SunWise and Clarica are registered trademarks of Sun Life AssuranceCompany of Canada.WINTER 2011 EARLY EDITION PERSPECTIVE AS AT DECEMBER 31, 2010 27