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Fund Facts
as at June 30, 2010
| Fund Codes | Class A | |
| ISC | CIG6103 | |
| DSC | CIG6153 | |
| LSC | CIG1153 |
| Managed By: | CI Investments Inc. |
| Advisors: | Synergy Asset Management |
| Assets Under Management: | $1,244.2 million |
| Portfolio Manager: | David Picton |
| Asset Class: | Canadian Equity |
| Inception Date: | December 1997 |
| NAV: | $12.23 |
| Min. Initial Investment: | $500 |
| Subsequent Purchase(s): | $50 |
| Min. PAC Investment: | $50 |
| Management Expense Ratio: | 2.31% |
Top Holdings
as at June 30, 2010
| TD Bank | 4.35% |
| Bank of Montreal | 3.60% |
| Royal Bank of Canada | 2.98% |
| Barrick Gold Corp. | 2.64% |
| Canadian National Railway | 2.14% |
| Goldcorp Inc. | 2.11% |
| Canadian Natural Resources | 1.76% |
| Suncor Energy | 1.60% |
| Enbridge Inc. | 1.54% |
| Baytex Energy Trust | 1.52% |
| Total | 24.24% |
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)
Synergy Canadian Corporate ClassAlso available: Class F & I
Objective
The fund seeks long-term capital growth by investing primarily in equity and equity-related securities of Canadian companies that represent the growth style. The fund may also invest in foreign securities. The fundamental investment objective of the fund cannot be changed without obtaining securityholder approval.
Compound Returns and Quartile Rankings
as at June 30, 2010
This table shows the historical annual compound total return of the fund compared with the Globefund Group Average and Globefund's benchmark S&P/TSX Total Return. The returns listed below are percentages.
| YTD | 1Mo | 3Mo | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception* | |
| Qrtl | 2 | 2 | 3 | 1 | 3 | 2 | 2 | {N/A} |
| Return | -4.97 | -3.47 | -8.11 | 9.52 | -7.6 | 2.29 | 3.11 | 8.45 |
| Grp Avg | -5.46 | -3.9 | -7.72 | 6.66 | -7.54 | 1.29 | 3.22 | {N/A} |
| Ind Ret | -2.55 | -3.71 | -5.51 | 11.95 | -3.88 | 5.45 | 3.27 | {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 June 30, 2010
Equity Sectors as at June 30, 2010
Geographic Composition as at June 30, 2010
Fund Advisor Profile
Synergy Asset Management is led by David Picton and Michael Mahoney and manages more than $2 billion in assets. The Toronto-based firm is known for its successful application of quantitative analysis to investing.Commentary
As at June 30, 2010
Global equity markets retreated for the first quarter since March 2009, as investors became increasingly worried about the fragile nature of the global economic recovery and the various headwinds that persist. With an increasing lack of conviction about the sustainability of this turnaround, markets became more volatile during the period. Improvements in company fundamentals and earnings were overshadowed by macroeconomic concerns about the deceleration in global leading indicators, monetary policies in China, and the increasing sovereign credit risk problem out of Europe. In isolation, none of the issues should derail the global recovery, but collectively they are providing a negative feedback loop to the market.
This pullback in the leading indicators is not inconsistent with past economic recoveries. Initial improvements were spurred by inventory restocking as has been the case in previous cycles. The ramp-up in production was mostly due to improvements to productivity. The next leg of the recovery may depend on job creation, which has been slow to pick up in the U.S. Again, this soft patch in economic data is normal. Economic recoveries are usually not smooth as the market needs to digest the changing supply and demand dynamic. It should be noted that double dip recessions are rare and the current data still points to growth in the upcoming year.
We continue to believe that we are headed towards a low growth environment for some time. Positive equity returns can still be generated in this environment, but the path will be choppy. Good quality stocks that continue to deliver above average growth with strong balance sheets and generating high free cash flow should be able to perform well in this type of market. These are the kind of stocks that we continue to invest in.
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.