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Fund Facts
as at January 31, 2010
| Fund Codes | Class A | Corporate Class |
| ISC | CIG677 | CIG150 |
| DSC | CIG777 | CIG151 |
| LSC | CIG1777 | CIG1151 |
| Managed By: | CI Investments Inc. |
| Advisors: | Signature Global Advisors |
| Assets Under Management: | $3,104.3 million |
| Portfolio Manager: | Eric Bushell |
| Asset Class: | Canadian Equity |
| Inception Date: | May 1998 |
| NAV: | $16.37 |
| Min. Initial Investment: | $500 |
| Subsequent Purchase(s): | $50 |
| Min. PAC Investment: | $50 |
| Management Expense Ratio: | 2.31% |
Top Holdings
as at December 31, 2009
| Suncor Energy | 5.09% |
| Talisman Energy | 3.75% |
| Canadian Natural Resources | 3.64% |
| Manulife Financial | 3.08% |
| TD Bank | 3.01% |
| Rogers Communications | 2.09% |
| BCE Inc. | 2.03% |
| Bank of America | 1.89% |
| Bank of America-Preferred | 1.76% |
| TELUS Corp. | 1.76% |
| Total | 28.10% |
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 | |
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(Class A)
Signature Select Canadian FundAlso available: Class F & I
Objective
This fund's objective is to seek capital appreciation over the long-term coupled with dividend income. It invests primarily in common shares and convertible securities of Canadian companies and preferred shares that pay regular income. The fund's investments are diversified across industry sectors. 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 January 31, 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 | 3 | 3 | 2 | 2 | 1 | 1 | 1 | {N/A} |
| Return | -4.83 | -4.83 | 2.06 | 26.51 | -3.01 | 6.43 | 10.11 | 10.3 |
| Grp Avg | -4.06 | -4.06 | 1.99 | 26.9 | -5.73 | 2.76 | 4.62 | {N/A} |
| Ind Ret | -5.35 | -5.35 | 2.44 | 31.73 | -2.39 | 6.57 | 4.94 | {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 December 31, 2009
Equity Sectors as at December 31, 2009
Geographic Composition as at December 31, 2009
Fund Advisor Profile
Signature Global Advisors of Toronto, a division of CI Investments Inc., manages more than $23 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, 2009
The healing of credit and equity markets that began in the spring continued through the fourth quarter, resulting in greater investor confidence and higher market values. As companies continued to restructure their balance sheets during the period, we found new opportunities to add positions to the portfolio at favourable prices.
After having raised our cash position to above 10% by mid-November in our Canadian equity portfolio, we had redeployed about half of these funds into new offerings by the end of the quarter. We participated in new equity issues by Bank of America and Wells Fargo, and purchased JPMorgan warrants at auction.
Debt markets continued their strong rally throughout the fourth quarter as many other markets - employment, consumer, emerging economies and credit - continued to improve. These factors, combined with continued low interest rates, created a favourable backdrop for equities and high-yield equities such as REITs. Infrastructure and income trusts performed well throughout the quarter alongside broader equity markets. We are positive on the high-yield bond market because spreads are historically wide and defaults likely to fall substantially in 2010. There is an abundance of new supply as the leveraged loan market needs to be refinanced by the bond market and this should keep yields higher, longer.
Another major story during the fourth quarter was the dramatic run-up and subsequent retreat in the price of gold. In our portfolios, we have been underweight gold since the second quarter of the year, therefore missing the roller-coaster ride, and our materials position slightly underperformed.
While the primary driver of equity values in 2009 was the healing of the corporate credit markets, economic growth and monetary policy are likely to take over from here. As unemployment, consumer and housing markets stabilize, equities will benefit from renewed confidence, particularly as many investment alternatives carry less attractive risk/reward characteristics.
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.