Back   français

Mutual Funds

Fund Facts
as at March 31, 2014

Fund Codes Class A Corporate Class
ISC CIG686 CIG2304
DSC CIG786 CIG3304
LSC CIG1786 CIG1304

Managed By:CI Investments Inc.
Advisors:Signature Global Advisors
Chief Investment Officer Eric Bushell
Assets Under Management*:$5,412.1 million
Portfolio Manager:Geof Marshall, Joe D'Angelo and Ryan Fitzgerald
Asset Class:Canadian Balanced Income
Inception Date:December 1996
NAV:$14.95
Min. Initial Investment:$500
Subsequent Purchase(s):$50
Min. PAC Investment:$50
Management Expense Ratio:1.60%

Top Holdings
as at March 31, 2014

Inter Pipeline2.47%
Singapore Telecommunications1.92%
Royal Dutch Shell PLC1.54%
Cdn. Real Estate Investment1.52%
Suncor Energy1.51%
Transurban Group1.47%
Allied Properties REIT1.27%
Frontier Communications1.20%
Crescent Point Energy1.18%
Vermilion Energy Inc.1.11%
Total15.19%

Volatility Meter

VOLATILITY METER: 4
Low High

Based on 3-year standard deviation relative to other funds in its category, from Globe Investor.

Equity Style and Capitalization Overview

Blend Growth Value
Large
Mid
Small

(Class A)

Signature High Income Fund (Class A units)
Also available: Class F & I

Objective

This fundís objective is to generate a high level of income and long-term capital growth. It invests primarily in high-yielding equity securities and Canadian corporate bonds. To achieve its objective, the portfolio advisor will actively manage the equity, fixed income, and cash components of the fund. The fund is not limited to how much it invests in each asset class. This will vary according to market conditions. The portfolio advisor decides how much of the fundís assets are invested in equity and fixed income securities according to market conditions.


Compound Returns and Quartile Rankings
as at March 31, 2014

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 1 1 1 3 1 1 1 {N/A}
Return 4.29 1.21 4.29 10.03 8.31 15.07 8.27 9.81
Grp Avg 3.52 0.36 3.52 11.91 6.43 10.6 4.88 {N/A}
*December 18, 1996

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

Compare With CI Peer
Initial Investment Amount
Time Frame Start
End

Asset Class as at March 31, 2014

Equity Sectors as at March 31, 2014

Geographic Composition as at March 31, 2014


Fund Advisor Profile

Signature Global Asset Management 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 December 31, 2013

Perhaps the most surprising aspect of the global economy as we enter 2014 is that almost every region is on a clear cyclical upswing. We are in the midst of a synchronized global economic recovery. Economic growth is accelerating and we can comfortably expect that global growth will be stronger this year than in 2013. After five years of recurring crises following the collapse of Lehman Brothers, this improvement and stability are unambiguously positive. Indeed, for the first time in several years, there is no obvious crisis looming. Last year, it was the U.S. fiscal cliff and two years ago, it was the Eurozone debt crisis.

Equity markets had a stellar 2013, as liquidity trumped fundamentals, driving valuations higher on the back of modest earnings growth. We expect 2014 to see a return to fundamentals as the primary driver of returns. In such a scenario, equities should continue to outperform other asset classes with expected returns of 8% to 12% for the year. As rates rise, we also expect to see higher volatility compared to the past year, with a couple of significant market corrections in the range of 10%, providing opportunities to add value from a tactical perspective.

For currencies, we expect the divergence in economic growth, coupled with diverging monetary policies from key central banks, to support the U.S. dollar against most major currencies, including the Canadian dollar.

In summary, our global outlook for 2014 is decidedly sunnier than in recent years. However, we do expect that several squalls will emerge to roil markets and test investors over the course of the year. While the global economy remains somewhat fragile, it has and should continue to strengthen over the coming year.

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.


Funds mentioned at this website are available only to Canadian residents. 

© 2014 CI Financial Corp.