CI Signature Canadian Bond	16.13%
CI Signature High Income	12.56%
CI Canadian Investment Corp Class	9.09%
CI Signature Corporate Bond	8.61%
CI Signature Select Cdn Corp Cl	7.95%
CI International Value Corp Class	6.38%
CI International Corporate Class	5.25%
CI Synergy Canadian Corporate Class	5.08%
CI American Value Corporate Class	4.58%
CI Global Bond	4.04%

Total

79.67%

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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, Synergy Asset Management, Tetrem Capital Management, Trilogy Global Advisors and QV Investors.

Commentary

As at June 30, 2010

Following encouraging global growth numbers in the previous quarter, growing gaps in the economic performance of major economies around the world lent volatility to capital markets during the second quarter of 2010. Continued worries that the Greek debt crisis would worsen and spread to other indebted European nations sparked selling pressure in virtually all of the major equity markets, while slowing growth and fiscal restraint also raised concerns. Amid the turmoil, Canada, buoyed by healthy employment and GDP data, was the first of the G7 nations to raise interest rates. Meanwhile, the Canadian dollar broke above par with the U.S. dollar early in the quarter only to retrace back below the US$0.95 level at the end of June. Rising Canadian interest rates, coupled with heightened uncertainty in the equity markets, resulted in strong buying interest for all bond maturities and yields on long Government of Canada bonds falling below 4%.

Despite reaching a 19-month high early in the quarter, the Canadian equity market reversed course and posted a loss for the second quarter. As anxiety rose, gold producers rallied as a group to post the strongest returns for the S&P/TSX Composite Index. The health care and telecommunications services sectors also made gains. The weakest sectors in the Canadian market were information technology, financials and banks. Evidence of a still-struggling U.S. economy also overshadowed positive corporate earnings announcements during the quarter. By the end of the quarter, the S&P 500 Index had recorded a technical correction by declining more than 10%, with all sectors losing ground for the period. Asian and European stock markets also paused as investor optimism eroded. As economic momentum slowed, Greece's debt problems dominated and the euro moved to a four-year low against the U.S. dollar. Among the major European indexes, Germany had a relatively modest loss, while stocks in Paris and London both lost more than 13%. Tokyo's Nikkei 225 dropped more than 15% during the quarter, while Hong Kong's Hang Seng Index tumbled a less dramatic 5%. At the same time, expectations for slower growth led China's Shanghai equity market down nearly 23%.