Returns as at April 30, 2013

*S&P/TSX Total Return

Growth of $10,000

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)

Best (ending Feb 10):	41.99
Worst (ending Feb 09):	-33.14

Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)

Low  High

Fund Objectives

This fund's objective is to achieve long-term capital growth by investing primarily in shares of major Canadian corporations. Any change to the investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$500

Subsequent:

$50

Min. Invest (initial RRSP):

$500

Subsequent RRSP:

$50

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at April 30, 2013

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at May 22, 2013 1 Year Performance (%)
TD-T	TD Bank	Banks	Canada	Stock	5.01		7.98
RY-T	Royal Bank of Canada	Banks	Canada	Stock	4.18		21.64
SU-T	Suncor Energy	Integrated Oils	Canada	Stock	3.85		14.84
POT-T	Potash Corp. of Saskatchewan	Chemicals	Canada	Stock	3.52		9.85
BNS-T	Bank of Nova Scotia	Banks	Canada	Stock	2.62		15.25
CM-T	CIBC	Banks	Canada	Stock	2.38		13.49
CNQ-T	Canadian Natural Resources	Oil and Gas Producers	Canada	Stock	2.34		2.0
TRI-T	Thomson Reuters	Other Services	Canada	Stock	2.31		26.7
MG-T	Magna International	Automotive	Canada	Stock	2.11		60.33
POW-T	Power Corp of Canada	Management and Diversified	Canada	Stock	2.03		20.77

Distribution Report (18 months up to May 22, 2013)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Portfolio Manager(s)

Daniel Bubis

Tetrem Capital Management Ltd.

Start Date: October, 2006

Fund Return: 2.42%

Daniel A. Bubis is the President, Chief Investment Officer and founder of Tetrem Capital Management. Formed in 2004, Tetrem offers investment management services to institutional and private clients. Mr. Bubis leads a team of professionals who share a disciplined adherence to a value-based, contrarian investment philosophy. Prior to launching Tetrem, Mr. Bubis was Chief Investment Officer at Assante Asset Management Ltd where he was responsible for all investment management operations. During his tenure, Assante's funds were among the country's top performers and assets under management grew from $100 million to more than $7 billion. Mr. Bubis has served as the lead Portfolio Manager of the United Canadian Equity Value Pool since its inception in 1993. In 2006 Tetrem assumed management of Canada's oldest mutual fund, the CI Canadian Investment Fund. Today, under Mr. Bubis' leadership, Tetrem manages in excess of $6 billion in a variety of Canadian and US equity portfolios. Mr. Bubis graduated from the Richard Ivey School of Business at the University of Western Ontario with an Honours Business Administration degree and holds the Chartered Financial Analyst (CFA) designation.

Also manages:CI Canadian Dividend A, CI Canadian Dividend D, CI Canadian Investment Corp Class, CI U.S. Equity Plus Fund A, CI U.S. Equity Plus Fund D, SW Elite CI PSS e100 Pt 100/100, SW Elite CI PSS i20/e80 Pt 100/100, SW Elite CI PSS i30/e70 Pt 100/100, SW Elite CI PSS i40/e60 Pt 100/100, SW Elite CI PSS i50/e50 Pt 100/100, SW Elite CI PSS i60/e40 Pt 100/100, SW Elite CI PSS i70/e30 Pt 100/100, SW Elite CI PSS i80/e20 Pt 100/100, United Cdn Equity Value CC-A, United Cdn Equity Value Pool-W, United US Equity Alpha CC-A

View fund manager performance report

Aaron Clarke

Tetrem Capital Management Ltd.

Start Date: October, 2006

Fund Return: 2.42%

Aaron Clark is a member of Tetrem's portfolio management team, with a focus on US equity management. In addition he has primary research responsibility in the financial, healthcare and consumer staples sectors. When Mr. Clark joined Tetrem in 2008 he brought more than 17 years of investment experience to the firm including four years with Pioneer Investments, most recently as Vice President and Lead Portfolio Manager of the $4.5 billion Pioneer Value Fund. His prior experience includes seven years with Morgan Stanley Investment Management in New York, latterly as a Portfolio Manager and Executive Director, co-managing the firm's flagship $8.5 billion Dividend Growth Fund. He started his career with the Pioneer Group before moving to Prudential Securities as a Research Analyst and then to Gerard Klauer Mattison as a Senior Equity Analyst. Mr. Clark graduated from Trinity College with a Bachelor's degree in Economics and holds the Chartered Financial Analyst (CFA) designation. He is an active member of The Boston Society of Security Analysts (BSAS).

Also manages:CI Canadian Dividend A, CI Canadian Dividend D, CI Canadian Investment Corp Class, CI U.S. Equity Plus Fund A, CI U.S. Equity Plus Fund D, United Cdn Equity Value CC-A, United Cdn Equity Value Pool-W, United US Equity Alpha CC-A

View fund manager performance report

Alec MacIsaac

Tetrem Capital Management Ltd.

Start Date: October, 2006

Fund Return: 2.42%

Also manages:CI Canadian Dividend A, CI Canadian Dividend D, CI Canadian Investment Corp Class, CI U.S. Equity Plus Fund A, CI U.S. Equity Plus Fund D, United Cdn Equity Value CC-A, United Cdn Equity Value Pool-W, United US Equity Alpha CC-A

View fund manager performance report