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Fund Facts
as at July 31, 2010
| Fund Codes | Class A | Corporate Class |
| ISC | CIG213 | CIG297 |
| DSC | CIG813 | CIG797 |
| LSC | CIG1813 | CIG1797 |
| Managed By: | CI Investments Inc. |
| Advisors: | Epoch Investment Partners, Inc. |
| Assets Under Management: | $117.2 million |
| Portfolio Manager: | William Priest |
| Asset Class: | American Equity |
| Inception Date: | September 1986 |
| NAV: | $22.92 |
| Min. Initial Investment: | $500 |
| Subsequent Purchase(s): | $50 |
| Min. PAC Investment: | $50 |
| Management Expense Ratio: | 2.35% |
Top Holdings
as at August 31, 2010
| Endo Pharmaceuticals Hldgs | 2.78% |
| Syniverse Holdings | 2.53% |
| AGCO Corp. | 2.02% |
| GameStop Corp. | 1.89% |
| IHS Inc. | 1.88% |
| Corn Products International | 1.87% |
| Tupperware Brands | 1.83% |
| Westar Energy | 1.83% |
| DTS Inc. | 1.82% |
| Oneok | 1.79% |
| Total | 20.24% |
Volatility Meter
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Based on 3-year standard deviation relative to other funds in its category, from Globe HySales. |
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Equity Style and Capitalization Overview
| Blend | Growth | Value | |
| Large | |||
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| Small |
(Class A)
CI American Small Companies FundAlso available: Class F & I
Objective
This fund's objective is to seek above-average capital growth. It invests primarily in equity and equity-related securities of small to mid-capitalization North American companies. Any change to the investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.
Compound Returns and Quartile Rankings
as at July 31, 2010
This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund's benchmark Russell 2000 ($ Cdn). The returns listed below are percentages. Performance of the fund versus its official benchmark can be found in the Management Report of Fund Performance (MRFP). See the related document section on this web page.
| YTD | 1Mo | 3Mo | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception* | |
| Qrtl | 3 | 2 | 1 | 3 | 2 | 2 | 4 | {N/A} |
| Return | 0.26 | 4.32 | -5.33 | 11.25 | -6.61 | -4.29 | -3.93 | 7.35 |
| Grp Avg | 0.49 | 4.04 | -7.41 | 12.85 | -7.92 | -4.02 | -0.78 | {N/A} |
| Ind Ret | 3.03 | 3.69 | -7.32 | 12.94 | -5.43 | -2.99 | 0.27 | {N/A} |
Performance Data
This chart shows you the fundīs annual performance and how an investment would have changed over time.
Current Value of a $10,000 Investment
Asset Class as at August 31, 2010
Equity Sectors as at August 31, 2010
Geographic Composition as at August 31, 2010
Fund Advisor Profile
Epoch Investment Partners, Inc. employs a value-based, bottom-up approach to investing. New York-based Epoch manages over $12 billion in assets and is led by William Priest, who has more than 45 years of investment management experience.Commentary
As at June 30, 2010
The market began the quarter strongly, waving away concerns over a financial crisis in Europe. However, in May and June, growing uncertainty over a sustainable global recovery translated into market volatility and a strong correction in valuations. Correlations strengthened as we progressed through the quarter and defensive investments failed to offer a refuge. Not a single sector posted positive returns for the quarter.
On the economic front, we are witnessing a slowing in global leading economic indicators. Nonetheless, they still indicate a moderate growth environment. For now, companies are telling us that business is good. However, we again need to raise the question of whether the financial economy will begin to impact the real economy. The concern is that growing uncertainty, particularly stemming from the European financial stresses, fiscal tightening and less stimulative Chinese monetary policy, will create a wait-and-see attitude that slows business investment and growth. At the moment, we see continued moderate global GDP growth, but are cautiously attuned to any indication that growth is slowing.
On a positive note, corporate balance sheets are flush with cash and increases in dividends and share repurchases are being announced. We expect merger and acquisition activity to rise as well. We still believe that we are at the beginning of a capital expenditure cycle for short-lived assets and information services, particularly those that create operating efficiencies.
We have consistently believed that the economy is in a sustained, but weak and protracted recovery. The markets double-digit returns through April reflected too much optimism, while the negative return for the year-to-date may well reflect overly negative sentiment. We see investment opportunities in strong, well-financed businesses trading at attractive levels.
Source: CTVglobemedia Publishing Inc.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.