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Mutual Funds

Fund Facts
as at June 30, 2014

Fund Codes Class A Corporate Class
ISC CIG619 CIG2319
DSC CIG819 CIG3319
LSC CIG1619 CIG1319

Managed By:CI Investments Inc.
Advisors:Signature Global Advisors
Chief Investment Officer Eric Bushell
Assets Under Management*:N/A
Portfolio Manager:Geof Marshall, Joe D'Angelo and Ryan Fitzgerald
Asset Class:Diversified Income
Inception Date:November 2009
NAV:$10.73
Min. Initial Investment:$500
Subsequent Purchase(s):$50
Min. PAC Investment:$50
Management Expense Ratio:2.34%

Top Holdings
as at June 30, 2014

Apartment Invt & Mgmt Co.1.85%
Abertis Infraestructuras SA1.52%
Royal Dutch Shell PLC1.46%
Coca-Cola1.31%
Kinder Morgan1.31%
Retail Opportunity Investments1.22%
Citigroup1.20%
Kraft Foods Group1.18%
Aeroports de Paris (ADP)1.16%
Fraport AG1.12%
Total13.33%

Volatility Meter

VOLATILITY METER: 5
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 Diversified Yield Fund (Class A units) *
Also available: Class F & I

Objective

This fund's objective is to achieve tax-efficient returns through exposure to a portfolio of fixed income and high-yielding equity securities throughout the world. The fund will obtain this exposure primarily by entering into derivatives, but may hold fixed income and equity securities directly from time to time. 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 June 30, 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 3 4 3 4 2 {N/A} {N/A} {N/A}
Return 5.49 -0.19 1.59 10.59 7.36 {N/A} {N/A} 7.6
Grp Avg 5.49 0.77 1.94 14.28 7.27 8.74 4.97 {N/A}
*November 10, 2009

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 June 30, 2014

Equity Sectors as at June 30, 2014

Geographic Composition as at June 30, 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 March 31, 2014

A barrage of geopolitical and financial turbulence in emerging market countries put global capital markets on the defensive early in the first quarter. The crisis in Ukraine, a sharp devaluation of the Argentinian peso, political and economic turmoil in Venezuela and doubts about the Chinese banking system and real economy pulled capital away from emerging markets and directed it back into developed market bonds. Although confidence returned later in the period, returns for most equity markets around the world were muted, and interest-sensitive sectors such as government bonds, utilities and REITs, which had underperformed since the U.S. Federal Reserve began its tapering action in the fall, added value for the quarter. The fear that growth was stalling also sparked a sharp rally in gold equities.

The Canadian dollar dropped in value relative to most other major currencies during the quarter. It appeared that foreign investors had finally come to the same realization about Canada's problems with productivity, competitiveness and indebted consumers. The Canadian dollar finished the quarter down nearly 4% at about 90.5 cents U.S., and we believe it has room to fall further.

After underperforming for several quarters, emerging markets seemed to reach their nadir late in the first quarter, with flows for exchange-traded funds finally turning positive after a long period of withdrawals. The currency and bond markets of emerging economies were also showing signs of improved health, an important turnabout as the volatility in those markets had begun to seriously impair business. Looking forward, we expect the Fed's continued tapering to gradually draw bond yields higher, but at a slow, measured pace that will allow for adjustments in capital flows to emerging economies.

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.
* In light of the recent federal budget announcement, this fund is currently closed to new purchases as of April 15, 2013.


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

© 2014 CI Financial Corp.