Back   français

Segregated Funds

Fund Facts
as at March 31, 2014

Fund Codes
ISC CIG12740
DSC CIG12840
LSC

Managed By:CI Investments Inc.
Advisors:CI Investment Consulting
Chief Investment Officer Alan Radlo
Assets Under Management*:$39.5 million
Portfolio Manager:CI Investment Consulting
Asset Class:Canadian Equity
Inception Date:September 2010
NAV:$16.26
Min. Initial Investment:$500
Subsequent Purchase(s):$100
Min. PAC Investment:$50
Management Expense Ratio:2.49%

Top Holdings
as at March 31, 2014

Cambridge Canadian Eq Corp Cl A74.50%
CI Signature Corp Bond Corp Class25.08%
Total99.58%

Volatility Meter

VOLATILITY METER: 7
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

SunWise Essential CI Cambridge Canadian Equity Segregated Bundle Income Class
Guarantee Options 75% Maturity/100% Death

Objective

This fund's objective is to achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds. Any change to the investment objective must be approved by a majority of the votes cast by shareholders at a meeting called to consider the change.


Compound Returns and Quartile Rankings
as at March 31, 2014

This table shows the historical annual compound total return of the segregated 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 3 1 1 1 {N/A} {N/A} {N/A}
Return 5.45 0.74 5.45 19.03 12.37 {N/A} {N/A} 14.71
Grp Avg 3.91 1.01 3.91 13.1 5.13 10.82 5.09 {N/A}
*September 16, 2010

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
*For illustration purposes only. Includes mutual/pooled fund performance as indicated. Actual segregated fund performance could be expected to vary.Past results should not be constructed as being indicative of future segregated fund performance.

Asset Class as at March 31, 2014

Equity Sectors as at March 31, 2014

Geographic Composition as at March 31, 2014


Fund Advisor Profile

Cambridge Advisors is led by Alan Radlo, who has more than 25 years of investing experience and a successful track record of strong performance. Cambridge Advisors as a division of CI Investments, benefits from CI's financial strength, its administrative support and investments in technology that support Cambridge's research, portfolio management and trading operations. (Cambridge Advisors is the business name of CI Global Investments Inc.)

Commentary

As at December 31, 2013

Economies around the world continued to grow during the fourth quarter, with the Eurozone countries finally producing positive statistics in consecutive months. The last time global economies were in synch was about five years ago, when the common thread was recession.

The U.S. economy continued to surpass expectations during the period, as gross domestic product growth in excess of 4% during the third quarter made believers out of the skeptics. Canada's GDP also grew, although at a slower pace than some other economies.

The solid U.S. growth spurred the Federal Reserve to announce that it would begin to taper its bond-purchase program, the centrepiece of the quantitative easing policy that has been in place since the financial crisis. This was a further indication that the economy truly is regaining health, and the equity markets finally seem to be on board with that prognosis. Low interest rates continued to spur stock markets prior to the Fed announcement, and tapering should continue to drive equities and eventually lead to higher interest rates.

Looking ahead, we expect economic momentum will continue to be supported by central bankers around the world, amid gradual tapering of stimulus programs. This should provide a backstop against an economic slowdown. With steady economic growth and recovering corporate earnings, we anticipate that stocks will continue to perform well this year. Interest rates in the U.S. should continue to migrate higher until an equilibrium level above 3% is achieved.

High equity valuations could be a concern during 2014, as prices have grown along with corporate earnings. If earnings do not match expectations, a long-anticipated market correction may occur. However, we believe a favourable economic landscape will likely prevent this, which would encourage investors to add to their equity holdings.

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 returns 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. Performance returns for all funds are net of fees and operating expenses except for United Pools and United Corporate Class Funds which are gross of fees and net of operating expenses. Please refer to the Legal section of the website for additional information. *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.