CI Signature Canadian Bond Class I	13.71%
Signature Global Bond	7.30%
CI Signature Select Cdn Corp Cl	5.90%
CI Cambridge Canadian Eqt Corp Cl	5.70%
CI Signature Corporate Bond	5.21%
CI International Value Corp Class	5.08%
Sig Diversified Yield Fund ll A	5.00%
Signature International Corp Cl	4.97%
CI Canadian Investment Corp Class	4.75%
CI American Value Corporate Class	4.68%

Total

62.30%

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Fund Advisor Profile

CI Investment Consulting selects managers for this program based on their investment process, proven value added and "fit" into the overall portfolio diversification strategy. The strength of the portfolio managers is what gives this program a clear advantage over other programs: Signature Global Advisors, Epoch Investment Partners, Harbour Advisors, Altrinsic Global Advisors, Picton Mahoney Asset Management, Tetrem Capital Management and QV Investors.

Commentary

As at March 31, 2013

Fixed-income securities continued to be supported by low inflation and little anticipation of higher rates through the first quarter of 2013. The Canadian S&P/TSX Composite Index added 3.3% in the first quarter of the year. After recording an initial bounce early in the period, Canadian equities remained choppy through most of February and March. Most sectors of the index finished the period with positive results, with the health care, industrials and consumer discretionary sectors making the strongest gains.

U.S. stocks as measured by the S&P 500 Index reached a record high in the first quarter of 2013 and finished the period with a gain of about 12.9% in Canadian dollar terms. Stock prices were buoyed through the period by better-than-expected earnings reports and stronger economic data, including firm job growth, a recovery in housing and higher GDP. U.S. corporate profits as a percentage of GDP remained at a record high during the quarter.

Overseas markets posted mainly positive returns in the first quarter. In Europe, gains were moderate. The '10 billion bailout of Cyprus, which involved shrinking and restructuring the country's banking system to the detriment of bond and large deposit holders, shook markets and dampened returns for financial stocks across the region. Markets in Korea and Singapore were also positive, but results were negative in China and Hong Kong as investors remained wary of weaker growth in the region and the impact of expected economic reforms in China. Japan had the strongest global stock market returns for the first quarter. Japanese stocks benefited from strong monetary and fiscal stimulus aimed at raising inflation and weakening the country's currency to boost exports.