Returns as at January 31, 2010

*S&P 500 Composite Total Return Idx($Cdn)

Growth of $10,000

Risk Measures as at January 31, 2010

Best/Worst 12 months (since inception)

Best (ending May 07):	17.33
Worst (ending Nov 08):	-35.90

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

Low  High

Fund Objectives

The primary investment objective of this Select Fund is to provide capital growth through direct or indirect investments primarily in equity and equity-related securities listed on the major U.S. stock exchanges that the portfolio advisors believe represent good value and have the potential for positive total return. Equityrelated securities include convertible preferred shares, convertible debt obligations, warrants, mutual funds and other similar investment vehicles. 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):

$50,000

Subsequent:

$250

Min. Invest (initial RRSP):

$50,000

Subsequent RRSP:

$250

Closed:

No

Restricted:

Yes

Restriction:

(Min Initial Investment $50,000)

 

 

Top Holdings as at December 31, 2009

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at February 9, 2010 1 Year Performance (%)
MSFT-Q	Microsoft	Computer Software & Processing	United States	Stock	3.71		44.08
V-N	Visa Inc.	Other Services	United States	Stock	2.36		50.52
AAPL-Q	Apple	Electrical & Electronic	United States	Stock	2.08		91.39
ORCL-Q	Oracle Corp.	Computer Software & Processing	United States	Stock	1.7		30.25
TMO-N	Thermo Fisher Scientific	Electrical & Electronic	United States	Stock	1.6		20.68
XOM-N	Exxon Mobil	Integrated Oils	United States	Stock	1.47		-17.97
DVA-N	DaVita	Medical Services	United States	Stock	1.46		33.22
PX-N	Praxair	Chemicals	United States	Stock	1.43		7.22
BEN-N	Franklin Resources	Investment Companies and Funds	United States	Stock	1.42		73.98

Portfolio Manager(s)

Multi-manager

CI Investment Consulting

Start Date: January, 2006

Fund Return: -5.40%

Experience. Strength. Diversity. Since 1965, CI Investments has grown to be one of Canada's largest wealth management companies. Today, CI manages $50 billion and offers the industry's best selection of investments.

Also manages:CI Agg Growth GIF Portfolio Cl A, CI Moderate GIF Portfolio Class A, CI Portfolio Series Balanced, CI Portfolio Series Balanced Growth, CI Portfolio Series Conserv Bal, CI Portfolio Series Conservative, CI Portfolio Series Growth, CI Portfolio Series Income, CI Portfolio Series Maximum Growth, CI Select 100e Managed Port Corp Cl, CI Select 100i Managed Port Corp Cl, CI Select 20i80e Managed Pt Corp Cl, CI Select 30i70e Managed Pt Corp Cl, CI Select 40i60e Managed Pt Corp Cl, CI Select 50i50e Managed Pt Corp Cl, CI Select 60i40e Managed Pt Corp Cl, CI Select 70i30e Managed Pt Corp Cl, CI Select 80i20e Managed Pt Corp Cl, CI Select Cdn Eq Managed Corp Cl, CI Select Income Managed Corp Class, CI Select Int'l Eq Managed Corp Cl, CI Select Staging

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William Priest

Epoch Investment Partners, Inc.

Start Date: January, 2006

Fund Return: -5.40%

William Priest, Chief Investment Officer, Chief Executive Officer and co-founder of Epoch Investment Partners Inc., has more than 35 years of Wall Street experience. Before founding Epoch, Mr. Priest was Senior Partner and Portfolio Manager at Steinberg Priest Capital Management, LLC, which he joined in 2001. Prior to that, he was Chairman and CEO of Credit Suisse Asset Management Americas and CEO and Portfolio Manager of its predecessor firm BEA Associates, which he co-founded in 1972. During his tenure at BEA, Mr. Priest developed the firm into a well-recognized investment manager with over $35 billion US under management. Mr. Priest holds the Chartered Financial Analyst and the Chartered Public Accountant designations. He is a graduate of Duke University and the Wharton Graduate School of Business at the University of Pennsylvania. He is author of several published articles and papers on investing and finance, a director of Globe Wireless, InfraReDx and Duke University’s Fuqua School of Business, and a Member of the Council on Foreign Relations.

Also manages:CI American Managers Corp Class, CI American Small Companies, CI American Value, CI American Value Corporate Class, CI Global High Dividend Advantage, CI Global Managers Corporate Class, CI Global Small Companies, CI Japanese Corporate Class, CI Pacific, SW Elite Inst Mg i20/e80 Pt 100/100, SW Elite Inst Mg i30/e70 Pt 100/100, SW Elite Inst Mg i40/e60 Pt 100/100, SW Elite Inst Mg i50/e50 Pt 100/100, SW Elite Inst Mg i60/e40 Pt 100/100, SW Elite Inst Mg i70/e30 Pt 100/100, SW Elite Inst Mg i80/e20 Pt 100/100, SW Elite Inst Mgd e100 Pt 100/100, United Inst'l Mgd Int'l Eq Pool-A, United Inst'l Mgd US Eq Pool-A, United US Eq Small Cap CC-A, United US Eq Small Cap Pool-W, United US Eqty Val Cur Hed CC-A, United US Equity Value CC-A, United US Equity Value Pool-W

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Robert Beckwitt

Trilogy Global Advisors, LLC

Start Date: January, 2006

Fund Return: -5.40%

Robert Beckwitt is Managing Director and Senior Portfolio Manager at Trilogy Advisors, LLC. As a Wall Street veteran with more than 18 years of investment industry experience, he plays a key role in guiding Trilogy’s investment research and stock selection process. Previously, Mr. Beckwitt was Managing Director at Goldman Sachs, where he served as Portfolio Manager and Co-Head of International Equities and Emerging Markets. Prior to joining Goldman Sachs, he spent 10 years with Fidelity Investments, where he managed a series of mutual funds, including the highly successful Fidelity Asset Manager Funds, which grew to $18 billion US in assets during his tenure. Mr. Beckwitt has a BA in economics from Princeton and a master’s degree in finance from the Sloan School of Management at the Massachusetts Institute of Technology.

Also manages:CI American Equity, CI American Managers Corp Class, CI Global, CI Global Managers Corporate Class, CI International, CI International Balanced, CI International Balanced Corp Cl, Canada Life Intl Eq (CI) Gens I

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David Picton

Synergy Asset Management

Start Date: January, 2006

Fund Return: -5.40%

Dave Picton has over 13 years of investment industry experience. For over five and a half years, he managed several portfolios for Synergy Mutual Funds, most notably the momentum funds. Dave joined CI after it acquired Synergy in October 2003. He also spent eight years as head of quantitative research at RBC Dominion Securities where he was one of the top ranked analysts in his sector. David holds an Honours Bachelor of Commerce degree from the University of British Columbia. He also received a Leslie Wong Fellowship from UBC's prestigious Portfolio Management Foundation.

Also manages:CI American Managers Corp Class, CI Canadian Small/Mid Cap, CI Synergy American, CI Synergy Canadian Corporate Class, CI Synergy Tactical AA

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Michael Mahoney

Picton Mahoney Asset Management

Start Date: January, 2006

Fund Return: -5.40%

Mike Mahoney, a principal of Synergy Asset Management, has 12 years of investment management experience. He began his investment career at the Alberta Treasury as a U.S. equities analyst. He later became a portfolio manager of U.S. and international equities at Genus Capital Management and a research manager at HSBC Asset Management Europe, a U.K.-based firm. He has managed global portfolios for Synergy mutual funds since 1997. He continues to manage those portfolios through Synergy Asset Management, an investment firm he founded in November 2004 along with Portfolio Manager David Picton. Mr. Mahoney holds the Chartered Financial Analyst designation and has an MBA from the University of Alberta.

Also manages:CI American Managers Corp Class, CI Synergy Global Corporate Class, PM Glbl Market Neutral Eq Cl A(US$), PM Global Long Short Eqty Cl A(US$), Picton Mahoney Gl Mkts Neutral Eq-A, Picton Mahoney Glo Long Short Equ-A, SW Elite Inst Mg i20/e80 Pt 100/100, SW Elite Inst Mg i30/e70 Pt 100/100, SW Elite Inst Mg i40/e60 Pt 100/100, SW Elite Inst Mg i50/e50 Pt 100/100, SW Elite Inst Mg i60/e40 Pt 100/100, SW Elite Inst Mg i70/e30 Pt 100/100, SW Elite Inst Mg i80/e20 Pt 100/100, SW Elite Inst Mgd e100 Pt 100/100, United Inst'l Mgd Cdn Eq Pool-A, United Inst'l Mgd Int'l Eq Pool-A, United Inst'l Mgd US Eq Pool-A, United Int'l Equity Gwth CC-A, United Int'l Equity Gwth Pool-W

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