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Fund Facts
as at April 30, 2013
| Fund Codes | Class A | |
| ISC | CIG7220 | |
| DSC | CIG7225 | |
| LSC | CIG1225 |
| Managed By: | CI Investments Inc. |
| Advisors: | Signature Global Advisors
Chief Investment Officer Eric Bushell |
| Assets Under Management*: | $159.1 million |
| Portfolio Manager: | Paul Simon |
| Asset Class: | Canadian Fixed Income |
| Inception Date: | May 1976 |
| NAV: | $5.37 |
| Min. Initial Investment: | $500 |
| Subsequent Purchase(s): | $50 |
| Min. PAC Investment: | $50 |
| Management Expense Ratio: | 1.63% |
Top Holdings
as at April 30, 2013
| Gov't of Canada, 4.00%, June 1, 2017 | 10.61% |
| Gov't of Canada, 1.25%, March 1, 2018 | 9.29% |
| Gov't of Canada, 1.00%, November 1, 2014 | 8.62% |
| Gov't of Canada, 2.25%, August 1, 2014 | 2.86% |
| Teranet Holdings, 3.53%, December 16, 2015 | 2.53% |
| Cadillac Fairview, 3.24%, January 25, 2016 | 2.49% |
| Schooner Trust CCF, 5.34%, June 12, 2037 | 2.25% |
| Wells Fargo & Co, 2.77%, February 9, 2017 | 2.16% |
| City of Montreal, 4.95%, December 10, 2014 | 2.10% |
| Anheuser-Busch InBev NV, 3.65%, January 15, 2016 | 2.04% |
| Total | 44.95% |
Volatility Meter
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Based on 3-year standard deviation relative to other funds in its category, from Globe Investor. |
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Fixed Income and Capitalization Overview
| Spread | Rate | Blend | |
| Long | |||
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| Short |
(Class A)
Signature Short-Term Bond Fund (Class A units)Also available: Class F & I
Objective
This fund's objective is to provide interest income and a relatively high level of capital stability. The fund invests primarily in debt securities of Canadian issuers maturing in five years or less and in short-term notes. 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 April 30, 2013
This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and the fund's quartile ranking within the Globefund Peer Group. 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 | 4 | 3 | 3 | 3 | 3 | 3 | {N/A} |
| Return | 0.77 | 0.15 | 0.79 | 2.03 | 2.1 | 2.06 | 2.46 | 6.38 |
| Grp Avg | 0.81 | 0.26 | 0.85 | 2.29 | 2.49 | 2.76 | 2.76 | {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
Bond Type as at April 30, 2013
Bond Term as at April 30, 2013
Geographic Composition as at April 30, 2013
Fund Advisor Profile
Signature Global Advisors of Toronto, a division of CI Investments Inc., manages more than $40 billion in assets across all asset classes, including fixed income and Canadian and global equities. Signature's advantage is its approach in which portfolio managers and analysts specializing in each asset class and sector combine their research to develop a comprehensive picture of a company and its securities. The team is led by Chief Investment Officer Eric Bushell.Commentary
As at March 31, 2013
At Signature, we started 2013 with a positive outlook for equities on the basic premise that, led by the U.S., global economies and financial markets would continue to recover, but that the recovery would remain slower than traditional economic recoveries because of the dual headwinds of deleveraging and fiscal restraint.
We believed that so long as credit and capital markets remain open and functioning, then the U.S Federal Reserve's policies will force investors out of risk-free assets that now earn zero (negative returns after inflation) and toward global equities. While nothing has changed with respect to our views on the Fed, the dramatic change in policy at the Bank of Japan in early April only reinforces our view.
Having laid out our call for stronger global equity markets, it is also worth expressing our view on the key economic drivers around the world. In a nutshell, we remain most upbeat on the outlook for the U.S. private sector, followed by China's ability to manage slower yet still strong growth. In Japan, we expect a strong year but remain skeptical about longer-term structural reform. Europe will remained mired in a stagnant state of mild recession as it continues its internal rebalancing and debating what it should look like when it grows up. Ultimately, we expect the policy debate in Europe to shift from austerity and towards growth, but not before German elections in September. It is, however, important to bear in mind that buying European companies is not the same as buying into the European economies, and the concerns in Europe have resulted in attractive valuations for many European-listed multinationals with strong global franchises.
Source: The Globe and Mail 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. *Assets under management are as at the end of the most recent quarter ending March 31, June 30, September 30 or December 31.