Your Sophisticated, Yet Simple Portfolio CLIENT GUIDE

Transcription

1 Your Sophisticated, Yet Simple Portfolio CLIENT GUIDE

2 fieramilano complex, Milano, Italy

3 Sophisticated, Yet Simple Portfolio Series is a family of seven portfolio funds, each carefully crafted to match a distinct investor profile. It s sophisticated. CI Multi-Asset Management combines its portfolio construction expertise with comprehensive research and recommendations from State Street Global Advisors a world leader in investment research to ensure each portfolio is designed to provide the maximum return possible for a given level of risk. Each Portfolio Series fund invests in a blend of underlying equity and fixed-income funds that are managed by CI s awardwinning money managers. The underlying funds are diversified not only by asset class, but also by geographic region, economic sector and investment style. It s simple. You get a fully diversified portfolio that fits your profile with the convenience of one fund to purchase and track. The Portfolio Series questionnaire allows you to work with your advisor to identify your objectives and to choose the appropriate portfolio. CI monitors the funds and rebalances them when necessary, so that your portfolio stays on track. Portfolio Series offers you a complete investment program by combining core portfolio management features such as the questionnaire, diversified funds, automatic rebalancing and enhanced statements into one simple package.

4 Adding value with three key advantages 1 Each portfolio is designed to maximize performance for a given level of risk using sophisticated optimization methods. 2 CI Multi-Asset Management s portfolio construction skills are combined with the asset mix expertise of State Street Global Advisors. A balanced asset mix ensures that investors are not dependent on any one asset class or security to provide returns. Portfolio Series portfolios are diversified and strategically engineered for efficiency by maximizing return for a given level of risk. Each portfolio is constructed to suit client needs for capital preservation, income generation and long-term growth. Each of the seven portfolios invests in a select mix of underlying income, Canadian equity, U.S. equity and international equity funds. CI Multi-Asset Management uses asset mix research and recommendations from State Street Global Advisors to help craft the Portfolio Series portfolios. With US$2.7 trillion* in assets under management, State Street Global Advisors is one of the largest investment management companies in the world. CI reviews assumptions of the asset mixes, including volatility and expected returns, and makes adjustments as needed to ensure the portfolios continue to be efficient and forward looking to capture maximum return for a given level of risk. *As of March 31, 2018 RETURN Higher return, same volatility Non-efficient portfolio Same return, lower volatility VOLATILITY

5 A portfolio for every investor 3 The value of great portfolio managers The CI Multi-Asset Management team selects funds and their managers for Portfolio Series based on their investment process, proven ability to add value and fit into the overall portfolio diversification strategy. Portfolio Series offers you the expertise of award-winning managers with proven track records. These managers, through underlying funds mandates, have the discretion and opportunities to add value using day-to-day tactical actions through stock selection and sector allocation. Our portfolio managers have been recognized for their expertise and accomplishments through industry awards, including these Morningstar Award winners: Eric Bushell, Chief Investment Officer, Signature Global Asset Management, named Morningstar Fund Manager of the Decade in 2010 and Morningstar Equity Fund Manager of the Year in Richard Jenkins, Managing Director and Portfolio Manager, Black Creek Investment Management Inc., named Foreign Equity Fund Manager of the Year in Greg Dean and Stephen Groff, Portfolio Managers, Cambridge Global Asset Management, co-winners of Breakout Fund Manager of the Year in Portfolio Series offers seven optimized portfolios that lie on the efficient frontier meaning they maximize returns while minimizing volatility for that level of risk tolerance. Portfolio Series is designed to offer a portfolio to meet the needs of every investor. RETURN PS Fund PS Balanced Fund PS Conservative Balanced Fund PS Conservative Fund PS Growth Fund PS Balanced Growth Fund PS Maximum Growth Fund VOLATILITY Note: CI employs other sub-advisors not listed above.

6 Portfolio Series Fund This portfolio is best suited for investors whose primary need is income and capital preservation. The focus is on income with a diversified basket of bond, income and income-oriented equity funds. The fund provides an income stream through fixed monthly distributions. Portfolio Series Conservative Fund Best suited for investors looking for capital preservation and income with some growth from the equity portion of the portfolio. The income component is diversified between bond and other income funds. Portfolio Series Conservative Balanced Fund Split between equities and income and with broad diversification across asset classes, geographic regions, economic sectors and investment styles, this portfolio is best suited for investors whose primary objective is capital preservation with some growth. Portfolio Series Balanced Fund This portfolio has a greater equity weighting while curbing volatility with a strong component of income investments. It is best suited for investors pursuing long-term capital growth who are conscious of volatility. Portfolio Series Balanced Growth Fund This portfolio has a significant equity weighting while the income component helps to dampen volatility. It is best suited for investors pursuing long-term capital growth who are conscious of volatility. Portfolio Series Growth Fund Offering well-diversified exposure to Canadian, U.S. and international equities, this portfolio is for long-term investors who are seeking strong capital growth and are comfortable with some short-term volatility. Portfolio Series Maximum Growth Fund Best suited for aggressive investors, this portfolio is constructed to provide maximum expected returns in the long term along with higher volatility in the short term. It has well-diversified exposure to Canadian, U.S. and international equities, along with a small allocation to high-yield bonds.

7 The added flexibility of Portfolio Series Portfolio Series is ideal for tax-free savings accounts A tax-free savings account is more than a savings account. Your TFSA can be used for investing and Portfolio Series is an ideal investment to hold in a TFSA. You can contribute up to $5,500 every year to your TFSA, and your assets will benefit from tax-free growth. Also, you pay no taxes when the assets are withdrawn. More details on TFSAs are available on CI s TFSA website at The tax-efficiency of CI s T-Class Do you require a tax-efficient cash flow from your non-registered assets? Portfolio Series is available through CI s T-Class service for four selected Portfolio Series portfolios Balanced Fund, Balanced Growth Fund, Growth Fund and Maximum Growth Fund. To learn more, talk to your advisor. fieramilano complex, Milano, Italy

8 Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. For more information on Portfolio Series, please contact your advisor or visit This report is provided as a general source of information and should not be considered personal legal, accounting, tax or investment advice, or an offer or solicitation to buy or sell securities. Every effort has been made to ensure that the material contained in this commentary is accurate at the time of publication. However, CI Investments Inc. cannot guarantee its accuracy or completeness and accepts no responsibility for any loss arising from any use of or reliance on the information contained herein. Morningstar Awards Morningstar Inc. All Rights Reserved. CI Investments, the CI Investments design, Cambridge, Harbour Advisors, and Harbour Funds are registered trademarks of CI Investments Inc. Portfolio Series, CI Multi-Asset, and Signature Global Asset Management are trademarks of CI Investments Inc. First Asset and its logo are trademarks of FA Capital, a wholly owned subsidiary of subsidiary of CI Financial Corp. Cambridge Global Asset Management, Harbour Advisors, Signature Global Asset Management, and CI Multi-Asset Management are each a division of CI Investments Inc. Marret Asset Management Inc. and First Asset Investment Management are affiliates of CI Investments Inc. Published June Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I Head Office / Toronto Calgary Montreal Vancouver Client Services English: French: _E (06/18)