2010 Simplified Prospectus – dated July 14, 2010€¦ · 2010 Simplified Prospectus – dated...

2010 Simplified Prospectus – dated July 14, 2010

No securities regulatory authority has expressed an opinion about these units andshares. It is an offence to claim otherwise.

Equity Funds

Harbour Fund (Class A, F and I units)

Harbour Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

Harbour Foreign Equity Corporate Class(A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

Balanced Funds

Harbour Foreign Growth & Income Corporate Class(A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

Harbour Growth & Income Fund (Class A, F and I units)

Harbour Growth & Income Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

Table of Contents

Part A

Introduction 1

What is a mutual fund and what are the risks of investing in a mutual fund? 2

Organization and management of the funds 7

Purchases, switches and redemptions 9

How to transfer or convert your units or shares 14

Short-term trading 15

Optional services 16

Fees and expenses 18

Dealer compensation 27

Income tax considerations for investors 29

What are your legal rights? 31

Specific information about each of the mutual funds described in this document 32

Part B

Harbour Fund (Class A, F and I units) 1

Harbour Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) 3

Harbour Foreign Equity Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) 5

Harbour Foreign Growth & Income Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) 7

Harbour Growth & Income Fund (Class A, F and I units) 9

Harbour Growth & Income Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) 11

EQUITY FUNDSCambridge Canadian Equity Corporate Class

(A, AT5, AT8, F, FT5, FT8, W, I, IT5 and IT8 shares)

Cambridge Global Equity Corporate Class


CI Alpine Growth Equity Fund (Class A and F units)

CI American Equity Fund (Class A, F and I units)

CI American Equity Corporate Class (A, AT5, AT8, F, FT5 and FT8 shares)

CI American Managers® Corporate Class

(A, AT5, AT8, F, I, IT5 and IT8 shares)

CI American Small Companies Fund (Class A, F and I units)

CI American Small Companies Corporate Class


CI American Value Fund (Class A, F, I and Insight units)

CI American Value Corporate Class

(A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

CI Can-Am Small Cap Corporate Class


CI Canadian Investment Fund (Class A, F, I and Insight units)

CI Canadian Investment Corporate Class


CI Canadian Small/Mid Cap Fund (Class A, F and I units)

CI Emerging Markets Fund (Class A, F and I units)

CI Emerging Markets Corporate Class


CI European Fund (Class A, F and I units)

CI European Corporate Class (A and F shares)

CI Global Fund (Class A, F, I and Insight units)

CI Global Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

CI Global Health Sciences Corporate Class (A, F, I, Y and Z shares)

CI Global High Dividend Advantage Fund (Class A, F and I units)

CI Global High Dividend Advantage Corporate Class


CI Global Managers® Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

CI Global Small Companies Fund (Class A, F, I and Insight units)

CI Global Small Companies Corporate Class (A and F shares)

CI Global Science & Technology Corporate Class (A, F and I shares)

CI Global Value Fund (Class A, F and I units)

CI Global Value Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

CI International Fund (Class A, F, I and Insight units)

CI International Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

CI International Value Fund (Class A, F, I and Insight units)

CI International Value Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

CI Japanese Corporate Class (A and F shares)

CI Pacific Fund (Class A, F and I units)

CI Pacific Corporate Class (A and F shares)

CI Value Trust Corporate Class

(A, AT5, AT8, F, FT5, FT8, I, IT5, IT8, Y, Z and Insight shares)

Harbour Fund (Class A, F and I units)

Harbour Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares)

Harbour Foreign Equity Corporate Class


Signature Canadian Resource Fund (Class A and F units)

Signature Canadian Resource Corporate Class (A, F and I shares)

Signature Global Energy Corporate Class (A and F shares)

Signature Select Canadian Fund (Class A, F, I, Z and Insight units)

Signature Select Canadian Corporate Class


Signature Select Global Fund (Class A, F and I units)*

Signature Select Global Corporate Class


Synergy American Fund (Class A, F and I units)

Synergy American Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

Synergy Canadian Corporate Class

(A, AT5, AT8, F, I, IT5, IT8, Insight, Y and Z shares)

Synergy Global Corporate Class

(A, AT5, AT8, F, FT5, FT8, I, IT5, IT8, Y and Z shares)

CI InvestmentsSimplified Prospectus | dated July 14, 2010 | Part A

No securities regulatory authority has expressed an opinion about these securitiesand it is an offence to claim otherwise.

A complete simplified prospectus for the mutual funds listed on this page consists of thisdocument and an additional disclosure document that provides specific information about themutual funds in which you are investing. This document provides general informationapplicable to all of the CI Funds. You must be provided with the additional disclosure document.

BALANCED FUNDSCambridge Canadian Asset Allocation Corporate Class


CI International Balanced Fund (Class A, F and I units)

CI International Balanced Corporate Class (A, F and I shares)

Harbour Foreign Growth & Income Corporate Class


Harbour Growth & Income Fund (Class A, F, I and Z units)

Harbour Growth & Income Corporate Class


Signature Canadian Balanced Fund (Class A, F, I, U, Y and Z units)

Signature Global Income & Growth Fund (Class A, F and I units)

Signature Global Income & Growth Corporate Class


Signature Income & Growth Fund (Class A, F and I units)

Signature Income & Growth Corporate Class


Synergy Tactical Asset Allocation Fund (Class A, F and I units)

Signature Diversified Yield Fund (Class A, F and I units)

Signature Diversified Yield Corporate Class


INCOME / SPECIALTY FUNDSCI Money Market Fund (Class A, F, I, M, Z and Insight units)

CI US Money Market Fund (Class A units)

CI Short-Term Advantage Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

CI Short-Term Corporate Class (A, F and I shares)

CI Short-Term US$ Corporate Class (A shares)

CI Global Bond Fund (Class A, F, I and Insight units)

CI Global Bond Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

Signature Canadian Bond Fund (Class A, F, I and Insight units)

Signature Canadian Bond Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

Signature Corporate Bond Fund (Class A, F, I and Insight units)

Signature Corporate Bond Corporate Class (A, AT5, AT8, F, I, IT5 and IT8 shares)

Signature Dividend Fund (Class A, F, I, Y and Z units)

Signature Dividend Corporate Class


Signature High Income Fund (Class A, F and I units)

Signature High Income Corporate Class


Signature Mortgage Fund (Class A and F units)

Signature Short-Term Bond Fund (Class A, F and I units)

PORTFOLIO SERIESPortfolio Series Income Fund (Class A, F and I units)

Portfolio Series Conservative Fund (Class A, F, I, Y and Z units)

Portfolio Series Balanced Fund (Class A, AT5, AT8, F, FT5, FT8, and I units)

Portfolio Series Conservative Balanced Fund (Class A, F and I units)

Portfolio Series Balanced Growth Fund (Class A, AT5, AT8, F, FT5, FT8, I units)

Portfolio Series Growth Fund (Class A, AT5, AT8, F, FT5, FT8 and I units)

Portfolio Series Maximum Growth Fund (Class A, AT5, AT8, F, FT5, FT8, and I units)

PORTFOLIO SELECT SERIESSelect 80i20e Managed Portfolio Corporate Class

(A, AT5, AT8, F, FT5, FT8, W, WT5, WT8 and I shares)

Select 70i30e Managed Portfolio Corporate Class












Select 100e Managed Portfolio Corporate Class

(A, AT5, AT8, F, FT5, FT8, W, WT5, WT8, I, IT5 and IT8 shares)

Select Income Advantage Managed Corporate Class

(A, AT5, AT8, F, FT5, FT8, I, IT5, IT8, U, V, W, WT5, WT8, Y and Z shares)

Select Canadian Equity Managed Corporate Class (A, F, W, I, V, Y and Z shares)

Select U.S. Equity Managed Corporate Class (A, F, W, I, V, Y and Z shares)

Select International Equity Managed Corporate Class (A, F, W, I, V, Y and Z shares)

Select Staging Fund (Class A, F, W and I units)

* This fund was formerly called KBSH Private Global Value Fund and its Class I units were formerly called units without further designation.

Simplified Prospectus | dated July 14, 2010 | Part A

No securities regulatory authority has expressed an opinion about these securitiesand it is an offence to claim otherwise.

A complete simplified prospectus for the mutual funds listed on this page consists of thisdocument and an additional disclosure document that provides specific information about themutual funds in which you are investing. This document provides general informationapplicable to all of the CI Funds. You must be provided with the additional disclosure document.

P A R T A

Page

Introduction · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 1

What is a mutual fund and what are the risks

of investing in a mutual fund? · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 2

Organization and management of the funds · · · · · · · · · · · · · · · · · · · · · · · · · 7

Purchases, switches and redemptions · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 9

How to transfer or convert your units or shares · · · · · · · · · · · · · · · · · · · · · · 14

Short-term trading · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 15

Optional services · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 16

Fees and expenses · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 18

Dealer compensation · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 27

Income tax considerations for investors · · · · · · · · · · · · · · · · · · · · · · · · · · · · 29

What are your legal rights? · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 31

Specific information about each of the

mutual funds described in this document · · · · · · · · · · · · · · · · · · · · · · · · · · 32

Table of contents

1 - P A R T A

In this document, we, us, and our refer to CI Investments Inc., the manager of the funds. A fund is any of the mutual funds described in this simplifiedprospectus. A Corporate Class refers to the assets and liabilities attributableto the classes of convertible special shares of CI Corporate Class Limited thathave the same investment objectives and strategies. A trust fund is a fundthat is not a Corporate Class. A Portfolio refers to any of the funds that makeup the Portfolio Series. A Select Fund refers to any of the funds that make up the Portfolio Select Series (or PSS). Financial advisor means a broker ordealer who is qualified to sell the funds described in this document.

The simplified prospectus contains selected important information to helpyou make an informed investment decision about the funds and tounderstand your rights as an investor.

The simplified prospectus of the funds is divided into two parts: Part Aand Part B. Part A, which is this part, explains what mutual funds are, thedifferent risks you could face when investing in mutual funds, and generalinformation that applies to all of the funds. Part B, which is a separatepart, contains specific information about each fund. You must receiveboth Part A and Part B of the simplified prospectus.

Additional information about each fund is available in the followingdocuments:

• the annual information form;• the fund’s most recently filed annual financial statements;• any interim financial statements filed after those annual

financial statements;• the most recently filed annual management report of fund

performance; and• any interim report of fund performance filed after that annual

management report of fund performance.

These documents are incorporated by reference into this simplifiedprospectus which means they legally form part of this simplifiedprospectus just as if they were printed in it.

You can get a copy of these documents at your request and at no cost by calling 1-800-268-9374, by e-mailing [email protected], or by asking yourfinancial advisor. You will also find these documents on our website atwww.ci.com.

These documents and other information about the funds are alsoavailable at www.sedar.com.

Introduction

Building an investment portfolio is one of the most important financialdecisions you can make. Choosing the right investments can help youachieve your financial goals, such as preparing for retirement or savingfor a child’s education.

However, investing successfully can be difficult to do on your own. Youneed accurate and timely information along with the right experience tobuild and maintain a portfolio of individual investments.

Mutual funds can make it easier.

A mutual fund brings together many different investors with similar goals.Each investor puts money into the fund. A professional portfolio advisoruses that cash to buy a variety of investments for the fund, depending onthe fund’s objectives.

When the investments make money, everyone who invests in the fundbenefits. If the value of the investments falls, everyone shares in the loss.The size of your share depends on how much you invested. The more youput in, the more units or shares of the fund you own and the greater yourportion of the gains or losses. Mutual fund investors also share the fund’sexpenses.

Most mutual funds invest in securities like stocks, bonds and moneymarket instruments. The funds also may invest in other mutual fundsmanaged by us, called underlying funds.

Advantages of mutual funds

Investing in a mutual fund has several advantages over investing inindividual stocks, bonds and money market instruments on your own:

• Professional money management. Professional portfolio advisors havethe skills and the time to do research and make decisions about whichinvestments to buy, hold or sell.

• Diversification. Investment values are always changing. Owningseveral investments can improve long-term results because the onesthat increase in value can compensate for those that do not. Mutualfunds typically hold 30 or more different investments.

• Accessibility. You can sell your investment back to the mutual fund at any time. This is called a redemption, and in some cases may resultin a redemption fee or a short-term trading fee. With many otherinvestments, your money is locked in or you have to find a specificbuyer before you can sell.

• Record keeping and reporting. Mutual fund companies use sophisticatedrecord keeping systems and send you regular financial statements, taxslips and reports.

Mutual funds are not guaranteed

While mutual funds have many advantages, it is important to rememberthat an investment in a mutual fund is not guaranteed. Unlike bankaccounts or guaranteed investment certificates, mutual fund investmentsare not covered by the Canada Deposit Insurance Corporation or anyother government deposit insurer.

Under exceptional circumstances, a fund may suspend your right to sellyour investment. See “Suspending your right to sell units or shares” onpage 13 for details.

Risk and potential return

As with most other investments, mutual funds come with a certain amountof risk. The value of the investments in a mutual fund changes from day today because of changes in interest rates, economic conditions and marketor company news. As a result, the value of mutual fund units or shares willvary. When you sell your units or shares of a fund, you could get lessmoney than you put in.

The amount of risk depends on the kind of fund you buy. Money market fundsgenerally have low risk. They hold relatively safe short-term investmentssuch as government treasury bills and other high quality money marketinstruments. Income funds, which typically invest in bonds, have a higheramount of risk because their prices can change when interest rates change.Equity funds generally have the highest risk because they invest mostly instocks whose prices can rise and fall daily.

Before you invest in a mutual fund, you need to decide what level of riskyou are comfortable with. The answer depends in part on the kind ofreturns you expect. Generally, higher risk investments have a higherpotential for gains and losses, while lower risk investments have a lowerpotential for gains and losses.

Another important factor is time. Think about how soon you will need the money. If you are saving to buy a house in the near future, you willprobably want a lower risk investment to reduce the chance of the fundvalue dropping just when you need the cash. If you are investing forretirement in 20 years, your investment horizon is much longer. You may be able to afford to put more emphasis on equity funds because there ismore time for the funds to recover if prices should fall.

But potential return and your time horizon are not the only yardsticks forsuccessful investing. Your choice of fund also depends on how you feel aboutrisk. An investor who checks fund prices every week and worries wheninvestments temporarily lose value has low risk tolerance. If that describesyou, you might be more comfortable with money market funds, bond funds,balanced funds and perhaps very conservative equity funds. An investor whois willing to take on more risk might prefer a higher proportion of equity fundsor more aggressive funds that specialize in one industry or country.

Types of riskMutual funds change in value when the investments they hold change invalue. These investments (whether they are equity or debt securities) willrise and fall based on company-specific developments and general stockmarket conditions. Market value will also vary with changes in the generaleconomic and financial conditions in the countries where the investmentsare based. This is called market risk and it applies to all the funds, thoughcertain funds will experience greater volatility and short-term market valuefluctuations than other funds.

Below are some of the most common risks that affect value. To find outwhich of these specific risks apply to a fund you are considering, see the individual fund descriptions in Part B of this simplified prospectus.

❖ Class riskMutual funds sometimes issue different classes of units or shares of thesame fund. Each class has its own fees and expenses, which the fundtracks separately. However, if one class is unable to meet its financialobligations, the other classes are legally responsible for making up thedifference.

2 - P A R T A

What is a mutual fund and what are the risks of investing in a mutual fund?

3 - P A R T A3 - P A R T A

❖ Concentration riskSome mutual funds hold significant investments in a few companies, ratherthan investing the mutual fund’s assets across a large number of companies.In some cases, more than 10% of the net assets of the mutual fund may beinvested in securities of a single issuer as a result of appreciation in valuesuch investment and/or the liquidation or decline in value of otherinvestments. The investment portfolios of these mutual funds are lessdiversified, and therefore potentially subject to larger changes in value, thanmutual funds which hold more broadly diversified investment portfolios.

❖ Credit riskWhen a company or government issues a fixed income security, itpromises to pay interest and repay a specified amount on the maturitydate. Credit risk is the risk that the company or government will not liveup to that promise. Credit risk is lowest among issuers that have goodcredit ratings from recognized credit rating agencies. The riskiest fixedincome securities are those with a low credit rating or no credit rating atall. These securities usually offer higher interest rates to compensate forthe increased risk.

❖ Currency riskWhen a mutual fund buys an investment priced in a foreign currency andthe exchange rate between the Canadian dollar and the foreign currencychanges unfavourably, it could reduce the value of the fund’s investment.Of course, changes in the exchange rate can also increase the value ofan investment.

❖ Emerging market riskIn emerging market countries, securities markets may be smaller than inmore developed countries, making it more difficult to sell securities inorder to take profits or avoid losses. The value of mutual funds that buythese investments may rise and fall substantially and fluctuate greatlyfrom time to time.

❖ Derivatives riskThe funds may use derivatives to protect against losses from changes instock prices, exchange rates or market indices. This is called hedging.The funds may also use derivatives to make indirect investments. Formore information about how the funds use derivatives, see page 32.

The use of derivatives comes with a number of risks:

• hedging with derivatives may not always work and it could restrict afund’s ability to increase in value;

• there is no guarantee that a fund will be able to obtain a derivativecontract when it needs to, and this could prevent the fund from makinga profit or limiting a loss;

• a securities exchange could impose limits on trading of derivatives,making it difficult to complete a contract;

• the other party in the derivative contract might not be able to honourthe terms of the contract;

• the price of a derivative might not reflect the true value of theunderlying security or index;

• the price of a derivative based on a stock index could be distorted if some or all of the stocks that make up the index temporarily stoptrading;

• derivatives traded on foreign markets may be harder to close thanthose traded in Canada; and

• in some circumstances, investment dealers, futures brokers andcounterparties may hold some or all of a fund’s assets on deposit ascollateral in a derivative contract. This increases risk because anotherparty is responsible for the safekeeping of the assets.

❖ Equity riskEquities such as common shares give you part ownership in a company.The value of an equity security changes with the fortunes of the companythat issued it. General market conditions and the health of the economy as

a whole can also affect equity prices. Equity-related securities, which giveyou indirect exposure to the equities of a company, can also be affected byequity risk. Examples of equity-related securities are warrants andconvertible securities.

❖ Foreign investment riskInvestments in foreign companies are influenced by economic and marketconditions in the countries where the companies operate. Equities andfixed income securities issued by foreign companies and governments are often considered riskier than Canadian investments. One reason forthis is that many countries have lower standards for accounting, auditingand reporting. Some countries are less politically stable than Canada andthere is often less available information about individual investments. Insome countries, there is a risk of nationalization, expropriation or currencycontrols. It can be difficult to trade investments on foreign markets and thelaws of some countries do not fully protect investor rights. These risks andothers can contribute to larger and more frequent price changes amongforeign investments. U.S. investments are not considered to have foreigninvestment risk.

❖ Interest rate riskMutual funds that invest in fixed income securities such as bonds andmoney market instruments are sensitive to changes in interest rates. In general, when interest rates are rising, the value of these investmentstends to fall. When rates are falling, fixed income securities tend toincrease in value. Fixed income securities with longer terms to maturityare usually more sensitive to changes in interest rates.

❖ Investment trust riskSome of the funds invest in real estate, royalty, income and otherinvestment trusts which are investment vehicles in the form of trustsrather than corporations. To the extent that claims, whether in contract,in tort or as a result of tax or statutory liability, against an investmenttrust are not satisfied by the trust, investors in the investment trust,including the funds, could be held liable for such obligations. Investmenttrusts generally seek to make this risk remote in the case of contract byincluding provisions in their agreements that the obligations of theinvestment trust will not be binding on investors personally. However,investment trusts could still have exposure to damage claims such aspersonal injury and environmental claims. Certain jurisdictions haveenacted legislation to protect investors in investment trusts from thepossibility of such liability.

The Income Tax Act (Canada) contains rules regarding the income taxtreatment of “specified investment flow-throughs” or “SIFTs”, whichinclude certain publicly traded income trusts and limited partnerships.SIFTs are subject to tax at corporate rates on the non-portfolio earningsportion of their distributions. Further, unitholders of SIFTs are treated as ifthey had received an “eligible dividend” equal to the non-portfolio earningsless the related distribution tax paid by the SIFT and are taxed accordingly.These rules apply to trusts and limited partnerships that began to bepublicly-traded after October 2006, and generally will only apply beginningwith the 2011 taxation year to those income trusts and limited partnershipsthat were already publicly-traded on October 31, 2006 unless they exceedcertain growth rates. To the extent that a mutual fund invests in an incometrust or limited partnership to which these rules apply, after-tax returns toinvestors may be reduced.

❖ Large redemption riskSome funds may have particular investors who own a large proportion ofthe outstanding units or shares of the fund. For example, other institutionssuch as banks and insurance companies or other fund companies maypurchase securities of the funds for their own mutual funds, segregatedfunds, structured notes or discretionary managed accounts. Retailinvestors may also own a significant amount of a fund.

4 - P A R T A

If one of those investors redeems a large amount of their investment in thefund, the fund may have to sell its portfolio investments at unfavourableprices to meet the redemption request. This can result in significant pricefluctuations to the net asset value of the fund, and may potentially reducethe returns of the fund.

❖ Liquidity riskLiquidity is a measure of how easy it is to convert an investment into cash.An investment may be less liquid if it is not widely traded or if there arerestrictions on the exchange where the trading takes place. Investmentswith low liquidity can have dramatic changes in value.

❖ Sector riskSome funds concentrate their investments in a certain sector or industry inthe economy. This allows these funds to focus on that sector’s potential, butit also means that they are riskier than funds with broader diversification.Because securities in the same industry tend to be affected by the samefactors, sector-specific funds tend to experience greater fluctuations in price.These funds must continue to follow their investment objectives by investingin their particular sector, even during periods when that sector is performingpoorly.

❖ Securities lending riskCertain funds may enter into securities lending transactions, repurchasetransactions and reverse repurchase transactions in order to earn additionalincome. There are risks associated with these kinds of transactions. Overtime, the value of the securities loaned under a securities lending transactionor sold under a repurchase transaction might exceed the value of the cash orcollateral held by the fund. If the third party defaults on its obligation to repayor resell the securities to the fund, the cash or collateral may be insufficientto enable the fund to purchase replacement securities and the fund maysuffer a loss for the difference. Likewise, over time, the value of thesecurities purchased by a fund under a reverse repurchase transaction maydecline below the amount of cash paid by the fund to the third party. If thethird party defaults on its obligation to repurchase the securities from thefund, the fund may need to sell the securities for a lower price and suffer aloss for the difference. For more information about how the funds engage in these transactions, see “What does the fund invest in?” under “Specificinformation about each of the mutual funds described in this document”on page 32.

❖ Share class riskEach Corporate Class has its own assets and liabilities, which are usedto calculate its value. Legally, the assets of each Corporate Class areconsidered the property of CI Corporate Class Limited and the liabilitiesof each Corporate Class are considered obligations of CI Corporate ClassLimited. That means if any Corporate Class cannot meet its obligations,the assets of the other Corporate Classes may be used to pay for thoseobligations.

❖ Short selling riskCertain funds may engage in a disciplined amount of short selling. A shortsale is where a fund borrows securities from a lender and then sells theborrowed securities (or sells short the securities) in the open market. At alater date, the same number of securities are repurchased by the fund andreturned to the lender. In the interim, the proceeds from the first sale aredeposited with the lender and the fund pays compensation to the lender. Ifthe value of the securities declines between the time that the fund borrowsthe securities and the time it repurchases and returns the securities, thefund makes a profit for the difference (less any compensation the fund paysto the lender). Short selling involves certain risks. There is no assurancethat securities will decline in value during the period of the short salesufficient to offset the compensation paid by the fund and make a profit forthe fund, and securities sold short may instead increase in value. The fundmay also experience difficulties repurchasing and returning the borrowedsecurities if a liquid market for the securities does not exist. The lenderfrom whom the fund has borrowed securities may go bankrupt and the fund

may lose the collateral it has deposited with the lender. Each fund thatengages in short selling adheres to controls and limits that are intended tooffset these risks by selling short only securities of larger issuers for whicha liquid market is expected to be maintained and by limiting the amount ofexposure for short sales. The funds also deposit collateral only withlenders that meet certain criteria for creditworthiness and only up tocertain limits. Although some funds may not themselves engage in shortselling, they may be exposed to short selling risk because the underlyingfunds in which they invest may be engaged in short selling.

❖ Small capitalization riskCapitalization is a measure of the value of a company. It is the currentprice of a company’s stock, multiplied by the number of shares issued by the company. Companies with small capitalization may not have awell-developed market for their securities. As a result, these securitiesmay be difficult to trade, making their prices more volatile than those oflarge companies.

❖ Taxation riskCertain funds utilize an investment strategy whereby they enter into oneor more forward purchase and sale agreements (each called a forwardagreement) under which the fund agrees to purchase or sell a portfolioof securities (or portions thereof) from or to a counterparty based on avalue that is determined by reference to the value of a notional basket of securities or the securities of another mutual fund. These funds willtreat gains or losses on the dispositions of their securities as capitalgains and losses. If the character and timing of these gains were otherthan a capital gain on the sale of the securities by the fund, after-taxreturns to investors in that fund could be reduced, possibly to an amountless than that which would have been realized by investors if they hadheld a direct investment in the securities sold by the fund, and the fundcould be subject to non-refundable income tax from such transactions.

About the Corporate Classes

The Corporate Classes are set up differently than most other mutual funds.When you invest in most other mutual funds, you buy units of a mutual fundtrust. Each Corporate Class instead is one or more classes of convertiblespecial shares of CI Corporate Class Limited, which means you buy sharesof the corporation. Each class that is not Class A shares invests in thesame portfolio of assets as its corresponding Class A shares. For thisreason, each Corporate Class is made up of its Class A, AT5, AT8, F, FT5,FT8, I, IT5, IT8, U, V, W, WT5, WT8, Insight, Y and Z shares (if offered) and is referred to in this simplified prospectus as a single fund.

In practical terms, the Corporate Classes work much like traditionalmutual funds. The main difference is that in certain circumstances, the structure allows you to defer paying tax on capital gains. This is animportant consideration if you are investing outside of a registered plan.Here is how it works. Once you invest in a Corporate Class, you cantransfer between other Corporate Classes without realizing a capitalgain. You only pay tax on capital gains you realize when you sell yourshares for cash or transfer them to another mutual fund in the CI Fundsfamily that is not a Corporate Class.

Our Corporate Classes are as follows:

Cambridge Canadian Equity Corporate ClassCambridge Global Equity Corporate ClassCambridge Canadian Asset Allocation Corporate ClassCI American Equity Corporate ClassCI American Managers® Corporate ClassCI American Small Companies Corporate ClassCI American Value Corporate ClassCI Can-Am Small Cap Corporate ClassCI Canadian Investment Corporate Class

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CI Emerging Markets Corporate ClassCI European Corporate ClassCI Global Corporate ClassCI Global Bond Corporate ClassCI Global Health Sciences Corporate ClassCI Global High Dividend Advantage Corporate ClassCI Global Managers® Corporate ClassCI Global Small Companies Corporate ClassCI Global Science & Technology Corporate ClassCI Global Value Corporate ClassCI International Balanced Corporate ClassCI International Corporate ClassCI International Value Corporate ClassCI Japanese Corporate ClassCI Pacific Corporate ClassCI Value Trust Corporate ClassCI Short-Term Advantage Corporate Class CI Short-Term Corporate ClassCI Short-Term US$ Corporate ClassHarbour Corporate ClassHarbour Foreign Equity Corporate ClassHarbour Foreign Growth & Income Corporate ClassHarbour Growth & Income Corporate ClassSelect Income Advantage Managed Corporate Class Select Canadian Equity Managed Corporate ClassSelect U.S. Equity Managed Corporate ClassSelect International Equity Managed Corporate ClassSelect 80i20e Managed Portfolio Corporate ClassSelect 70i30e Managed Portfolio Corporate ClassSelect 60i40e Managed Portfolio Corporate ClassSelect 50i50e Managed Portfolio Corporate ClassSelect 40i60e Managed Portfolio Corporate ClassSelect 30i70e Managed Portfolio Corporate ClassSelect 20i80e Managed Portfolio Corporate ClassSelect 100e Managed Portfolio Corporate ClassSignature Global Energy Corporate ClassSignature Global Income & Growth Corporate ClassSignature Select Global Corporate ClassSignature Income & Growth Corporate ClassSignature Diversified Yield Corporate ClassSignature Canadian Bond Corporate ClassSignature Canadian Resource Corporate ClassSignature Select Canadian Corporate ClassSignature Corporate Bond Corporate ClassSignature Dividend Corporate ClassSignature High Income Corporate ClassSynergy American Corporate ClassSynergy Canadian Corporate ClassSynergy Global Corporate Class

About Portfolio Series

Diversification and a proper allocation of investments among asset classesare two of the keys to successful investing. The Portfolios provide bothbenefits by allocating their assets between income and equity investments in the manner that we believe best achieves each Portfolio’s investmentobjective. The Portfolios achieve greater diversification by investing theirassets in underlying funds. The Portfolios are monitored and the investmentsof each Portfolio are rebalanced periodically to adjust for market fluctuations.Each Portfolio is reviewed to confirm that the asset allocations for eachPortfolio represent efficient asset mixes.

The Portfolio Series consists of the following funds:

Portfolio Series Income FundPortfolio Series Conservative FundPortfolio Series Conservative Balanced FundPortfolio Series Balanced FundPortfolio Series Balanced Growth FundPortfolio Series Growth FundPortfolio Series Maximum Growth Fund

About Portfolio Select Series

Portfolio Select Series, or PSS, is a tax effective asset allocation programdesigned for investors who see strategic asset allocation as providingthe foundation for their investment plan. It is comprised of nine coreportfolios, each with different asset allocations that provide exposure inup to four different asset classes, namely: Canadian equity, U.S. equity,international equity and income.

Each core portfolio utilizes a multi-manager approach to reduce thedependency on any single portfolio advisor and has been designed to be style-neutral. Each core portfolio also is broadly diversified whichmeans that no core portfolio has a significant bias towards either a value or a growth style. We select and monitor the performance of theportfolio advisors used for each core portfolio and the characteristics oftheir portfolio. We also monitor the performance of each core portfolioand make adjustments to it from time to time based on our assessment of market conditions.

PSS is available to you in three ways: as a Managed Portfolio, as aManaged Account or as a Custom Account, which are described below.

Managed Portfolios and Managed Accounts

If you decide that you would like to use a core portfolio that we manage, you should consider using a Managed Portfolio or a Managed Account. In this case, your financial advisor may ask you to complete a questionnaireto define your investment profile. By relying on the answers to thequestionnaire, together with other knowledge of you, your financial advisorwill recommend a core portfolio to you. You then will have the option ofholding your core portfolio through a single fund – which we call a ManagedPortfolio – or holding your core portfolio through a combination of SelectCorporate Classes – which we call a Managed Account. Completing thequestionnaire is required if you wish to use a Managed Account, and isrecommended but not required if you use a Managed Portfolio.

The following nine Managed Portfolios are currently available:Select Income Advantage Managed Corporate ClassSelect 80i20e Managed Portfolio Corporate ClassSelect 70i30e Managed Portfolio Corporate ClassSelect 60i40e Managed Portfolio Corporate ClassSelect 50i50e Managed Portfolio Corporate ClassSelect 40i60e Managed Portfolio Corporate ClassSelect 30i70e Managed Portfolio Corporate ClassSelect 20i80e Managed Portfolio Corporate ClassSelect 100e Managed Portfolio Corporate Class

Each Managed Portfolio invests exclusively in the following UnderlyingSelect Funds in the proportions that we believe are best suited forachieving the investment objective and asset allocations of thatManaged Portfolio:

Select Income Advantage Managed FundSelect Canadian Equity Managed FundSelect U.S. Equity Managed FundSelect International Equity Managed Fund

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See the individual fund descriptions in Part B of the simplified prospectusfor a more detailed description of how each Managed Portfolio allocatesits assets among the Underlying Select Funds. You cannot purchase unitsof the Underlying Select Funds directly. The Underlying Select Funds areavailable to investors only indirectly by investing in a Managed Portfolio.

If you prefer to hold your core portfolio directly rather than through aManaged Portfolio and your account is with a dealer approved by us, youmay utilize a Managed Account in PSS. Your Managed Account will holda combination of the following Select Corporate Classes in the mannerthat we believe is most consistent with your core portfolio:

Select Income Advantage Managed Corporate ClassSelect Canadian Equity Managed Corporate ClassSelect U.S. Equity Managed Corporate ClassSelect International Equity Managed Corporate Class

When you establish your Managed Account, your financial advisor willsubmit your first investment to us using the single purchase orderfeature. This will result in your initial investment being allocated acrossthe Select Corporate Classes in manner that reflects your core portfolio at that time. Additional information concerning each core portfolio’sallocations between Select Corporate Classes is available through yourfinancial advisor. Your financial advisor also will confirm to us whichcore portfolio you selected for your Managed Account.

To maintain your Managed Account, you must authorize us in writing to change the holdings in your Managed Account from time to time toreflect changes that we may make to your core portfolio. If we do notreceive all necessary documentation from you within five business days after you make your first investment, your Managed Account willbecome a Custom Account, which is described below. You cannotchange the holdings of your Managed Account, other than to a differentcore portfolio if an update to your personal circumstances suggests thatsuch a change is appropriate. If you wish to make any other change, youmust change your Managed Account to a Custom Account. The natureof the services we provide for a Custom Account is different from whatwe do for a Managed Account.

As part of managing the core portfolios, we may replace a portfolio advisor,re-allocate the mix of portfolio advisors used for a core portfolio, changethe asset mix of a Select Corporate Class and change the investments heldby a Managed Portfolio or a Managed Account, in each case at any timewithout notice to you. We also monitor and rebalance each ManagedPortfolio and Managed Account on an ongoing basis to ensure that it does not deviate from its core portfolio.

Managed Accounts are not currently available. Managed Accounts willbecome available to you once we have received certain regulatoryapprovals. Speak to your financial advisor for additional information.

Custom Accounts

If you prefer to modify your core portfolio, you may establish a CustomAccount using PSS. Your financial advisor may ask you to complete a questionnaire to define your investment profile. Completing thequestionnaire is recommended but not mandatory. By relying on theanswers to the questionnaire, together with other knowledge of you as an investor, your financial advisor will recommend a core portfolioconsisting of Select Corporate Classes.

If you wish, you then can make the following types of modifications to your Custom Account:

• you may replace one or more Select Corporate Classes with otherCorporate Classes and add more Corporate Classes to your CustomAccount, provided at least 49% of your Custom Account remainsallocated to Select Corporate Classes,

• you may determine the frequency date with which your CustomAccount is automatically rebalanced as either monthly, quarterly, semi-annually or annually, and

• you may determine the automatic rebalancing variance percentage to any percentage you specify between 2.5% and 10%.

If you do not make any determinations regarding the automaticrebalancing service, then automatic rebalancing will occur quarterlyusing a 5% variance percentage.

We do not monitor the suitability of the funds held in your CustomAccount. This is the responsibility of you and your financial advisor. We also will not change the target asset allocations of your CustomAccount unless you instruct us to do so.

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ManagerCI Investments Inc.2 Queen Street EastTwentieth FloorToronto, OntarioM5C 3G7

TrusteeCI Investments Inc.Toronto, Ontario

CustodianRBC Dexia Investor Services TrustToronto, Ontario

RegistrarCI Investments Inc.Toronto, Ontario

AuditorPricewaterhouseCoopers LLPToronto, Ontario

Portfolio advisorsCI Investments Inc.Toronto, Ontario

CI Global Holdings Inc.Boston, Massachusetts

Altrinsic Global Advisors, LLCStamford, Connecticut

Epoch Investment Partners, Inc.New York, New York

Legg Mason Capital Management, Inc.Baltimore, Maryland

MFC Global Investment Management(Canada), a division of Elliott & Page LimitedToronto, Ontario

Picton Mahoney Asset ManagementToronto, Ontario

QV Investors Inc.Calgary, Alberta

Tetrem Capital Management Ltd.Winnipeg, Manitoba

Trident Investment Management, LLCNew York, New York

Trilogy Global Advisors, LLCNew York, New York

Organization and management of the funds

As manager, we are responsible for the day-to-day operations of the funds and provide allgeneral management and administrative services.

The trustee of each fund (other than the Corporate Classes) controls and has authority overeach fund’s investments and cash on behalf of unitholders. As trustee, we may also appointgovernors to a fund to oversee the operations of the fund.

The custodian holds each fund’s investments and cash on behalf of the fund. The custodian isindependent of CI.

As registrar, we keep a record of all unitholders and shareholders of the funds, process ordersand issue account statements and tax slips to unitholders and shareholders.

The auditors of the funds prepare an independent auditors’ report in respect of the financialstatements of the funds. The auditors have advised us that they are independent with respectto the funds within the meaning of the Rules of Professional Conduct of the Institute ofChartered Accountants of Ontario.

The portfolio advisors manage the investment portfolio of each fund. You will find the name ofthe portfolio advisor for each fund in the fund details in Part B of the simplified prospectus. CI is the portfolio advisor of each fund that invests exclusively in one or more underlying funds.

CI is an affiliate of CI Global Holdings Inc. CI has a profit sharing arrangement with AltrinsicGlobal Advisors, LLC. Epoch Investment Partners, Inc., Legg Mason Capital Management, Inc.,MFC Global Investment Management (Canada), Picton Mahoney Asset Management, QV Investors Inc., Tetrem Capital Management Ltd., Trident Investment Management, LLC and Trilogy Global Advisors, LLC are independent of CI.

CI, as manager for each fund, is responsible for the advice provided by the portfolio advisors.It may be difficult to enforce any legal rights against Altrinsic Global Advisors, LLC, CI GlobalHoldings Inc., Epoch Investment Partners, Inc., Legg Mason Capital Management, Inc., Trident Investment Management, LLC and Trilogy Global Advisors, LLC because these entitiesare resident outside of Canada and most or all of their assets are outside of Canada.

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Independent Review Committee The independent review committee, or IRC, provides independent oversight and impartialjudgment on conflicts of interest involving the funds. Among other matters, the IRC prepares,at least annually, a report of its activities for investors in the funds which is available on ourwebsite at www.ci.com or upon request by any investor, at no cost, by calling: 1-800-563-5181or e-mailing to: [email protected].

The IRC currently is comprised of four members, each of whom is independent of CI, its affiliatesand the funds. Additional information concerning the IRC, including the names of its members,and governance of the funds is available in the annual information form of the funds.

If approved by the IRC, a fund may change its auditor by sending you a written notice of any suchchange at least 60 days before it takes effect. Likewise, if approved by the IRC, we may merge a fund into another mutual fund provided the merger fulfills the requirements of the Canadiansecurities regulators relating to mutual fund mergers and we send you a written notice of themerger at least 60 days before it takes effect. In either case, no meeting of unitholders orshareholders of the fund may be called to approve the change.

Each fund that invests in an underlying fund managed by us or any of our affiliates or associateswill not vote any of the securities it holds in the underlying fund. However, we may arrange foryou to vote your share of those securities.

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Purchases, switches and redemptions

Features

Class A, AT5 and AT8 units and sharesare available to all investors in all funds.

Class AT5 and AT8 units and shareshave the added feature that they paymonthly distributions. Monthlydistributions on Class AT5 and AT8shares will be tax-free returns of capitaluntil the adjusted cost base of yourshares for tax purposes is exhausted.

You can buy funds, transfer or convert from one fund to another or changeunits or shares of one class to another class of the same fund through aqualified financial advisor. Transferring, which involves moving money fromone investment to another, and converting are also known as switching. Weexplain the differences between transferring and converting on page 14.

You can sell your fund investment either through your financial advisor or by contacting us directly. Selling your investment is also known asredeeming.

Whether you are buying, selling, transferring or converting funds, webase the transaction on the value of a fund unit or share. The price of aunit or share is called the net asset value or NAV per unit or share, or theunit value or share value. We calculate a separate NAV for each class ofa fund’s units or shares by taking the value of the assets in the class ofunits or shares, subtracting any liabilities of the class of units or shares,and dividing the balance by the number of units or shares investors inthat class hold.

We calculate NAV at 4:00 p.m. Eastern time on each valuation day. For a Corporate Class, a valuation day is each day that the Toronto Stock Exchange is open for a full day of business. For any other fund, a valuation day is any day that we are open for a full day of business.

All of the funds are valued and may be bought in Canadian dollars,except for CI US Money Market Fund and CI Short-Term US$ CorporateClass which are valued and may be bought only in U.S. dollars. Thefollowing funds are valued in both Canadian and U.S. dollars. You canchoose to buy these funds in Canadian or U.S. dollars.

• Cambridge Canadian Equity Corporate Class• Cambridge Global Equity Corporate Class• Cambridge Canadian Asset Allocation Corporate Class• CI American Equity Fund• CI American Equity Corporate Class• CI American Managers® Corporate Class• CI American Small Companies Fund• CI American Small Companies Corporate Class• CI American Value Fund• CI American Value Corporate Class• CI Can-Am Small Cap Corporate Class• CI Canadian Investment Corporate Class• CI Emerging Markets Fund• CI Emerging Markets Corporate Class• CI European Fund• CI European Corporate Class• CI Global Fund• CI Global Corporate Class• CI Global Health Sciences Corporate Class• CI Global High Dividend Advantage Fund• CI Global High Dividend Advantage Corporate Class• CI Global Managers® Corporate Class• CI Global Small Companies Fund• CI Global Small Companies Corporate Class• CI Global Science & Technology Corporate Class• CI Global Value Fund• CI Global Value Corporate Class• CI International Balanced Fund• CI International Balanced Corporate Class• CI International Fund• CI International Corporate Class

• CI International Value Fund• CI International Value Corporate Class• CI Japanese Corporate Class• CI Pacific Fund• CI Pacific Corporate Class• CI Value Trust Corporate Class• CI Global Bond Fund• CI Global Bond Corporate Class• Harbour Corporate Class• Harbour Foreign Growth & Income Corporate Class• Harbour Foreign Equity Corporate Class• Harbour Growth & Income Corporate Class• Signature Canadian Resource Corporate Class• Signature Corporate Bond Corporate Class• Signature Diversified Yield Fund• Signature Diversified Yield Corporate Class• Signature Global Energy Corporate Class• Signature Select Global Fund• Signature Select Global Corporate Class• Signature Global Income & Growth Fund• Signature Global Income & Growth Corporate Class• Signature Select Canadian Corporate Class• Signature Dividend Corporate Class• Signature High Income Corporate Class• Synergy American Fund• Synergy American Corporate Class• Synergy Canadian Corporate Class• Synergy Global Corporate Class

When you place your order through a financial advisor, the financial advisorsends it to us. If we receive your properly completed order before 4:00 p.m.Eastern time on a valuation day, we will process it using that day’s NAV. Ifwe receive your order after that time, we will use the NAV on the nextvaluation day. The valuation day used to process your order is called thetrade date.

About different types of units and shares

Each fund offers one or more classes of units or shares. You will find a list ofall the funds and the classes of units or shares they offer on the front cover ofthis simplified prospectus.

Each class of units or shares offered by a fund is different from other classesoffered by that fund. These differences are summarized below.

Class

Generally available

Class A, AT5 and AT8 units and shares

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Class

Generally available

Class A, AT5 and AT8 units and shares (cont’d)

Available to fee-based accounts

Class F, FT5 and FT8 units and shares

Class W, WT5 and WT8 units and shares

Class

Insight Class units or shares

Available to institutional investors

Class I, IT5 and IT8 units and shares

Class M units

Available only for purposes of mutual fund reorganizations

Class Z units and shares

Features

These classes are similar to Class Wunits and shares except that themanagement fee charged to the fundfor Insight Class units or shares isdifferent from the management feecharged to the same fund in respect of its Class W units or shares.

Class I, IT5 and IT8 units and shares areavailable only to institutional clients andinvestors who have been approved byus and have entered into a Class IAccount Agreement with us.

The criteria for approval may include thesize of the investment, the expected levelof account activity and the investor’stotal investment with us. The minimuminitial investment for these classes ofunits and shares is determined when the investor enters into a Class I AccountAgreement with us. No managementfees are charged to the funds withrespect to the Class I, IT5 or IT8 unitsand shares; each investor will negotiatea separate fee which is payable directlyto us. Class I, IT5 and IT8 units andshares also are available to directorsand employees of us and our affiliates.

Class IT5 and IT8 shares have theadded feature that they pay monthlydistributions. Monthly distributions onClass IT5 and IT8 shares will be tax-free returns of capital until the adjustedcost base of your shares for taxpurposes is exhausted.

This class is similar to Class I unitsexcept that the management feecharged to the fund for Class M units is different from the management feecharged to the same fund in respect of its Class I units.

These classes are similar to Class Aexcept that they are available only tocertain investors in connection withvarious mutual fund reorganizationsand other changes. The managementfee charged to the fund for Class Zunits or shares is different from themanagement fee charged to the samefund in respect of its Class A units or shares.

Features

Monthly distributions on Class AT5 andAT8 units may include a portion which isa tax free return of capital.

Class F, FT5 and FT8 units and sharesare available only to investors whoparticipate in fee-based programsthrough their financial advisor. Theseinvestors pay their financial advisor anannual investment advisory fee (whichthe investor negotiates with theirfinancial advisor) for ongoing services.We do not assist the financial advisorwith collecting this fee. Since we payno commissions or service fees to theirfinancial advisor and our servicingcosts are lower, we charge a lowermanagement fee to the fund in respectof these classes than we charge thefund for its Class A units or shares. You can only buy these classes if yourfinancial advisor and we approve it.Availability of these classes throughyour financial advisor is subject to ourterms and conditions.

Other groups of investors may bepermitted to purchase these classes if we incur no distribution costs and itmakes sense for us to charge a lowermanagement fee.

Class FT5 and FT8 units and shareshave the added feature that they paymonthly distributions. Monthlydistributions on Class FT5 and FT8shares will be tax-free returns of capitaluntil the adjusted cost base of yourshares for tax purposes is exhausted.Monthly distributions on Class FT5 andFT8 units may include a portion which is a tax free return of capital.

These classes are similar to Class F, FT5 and FT8 units and shares exceptthat we assist the financial advisor withcollecting the annual advisory fee andthe fee cannot exceed 1.5%.

Class WT5 and WT8 shares have theadded feature that they pay monthlydistributions. Monthly distributions onClass WT5 and WT8 shares will be tax-free returns of capital until the adjustedcost base of your shares for taxpurposes is exhausted.

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Class

Class U units or shares

Class Y units and shares

Class V units and shares

T-Class SecuritiesAs mentioned above, holders of Class AT5, AT8, FT5, FT8, IT5, IT8, WT5 andWT8 units or shares (also called the T-Class Securities) receive regularmonthly cash distributions called a Monthly Amount. We determine theMonthly Amount by multiplying the net asset value per share or unit of theclass at the end of the previous calendar year (or, if no shares or units ofthe class were outstanding at the end of the previous calendar year, thedate on which the shares or units are first available for purchase in thecurrent calendar year) by 5% for Class AT5, FT5, IT5 and WT5 units andshares, or by 8% for Class AT8, FT8, IT8 and WT8 units and shares, anddividing the result by 12. You may customize the regular monthly cashdistributions you receive on your T-Class Securities by instructing us to automatically reinvest a portion of your monthly cash distributions. See “Optional services – Flexible T-Class service” on page 17. T-ClassSecurities are not available for purchase through a registered plan (other than a tax-free savings account).

How to buy funds

You can invest in any of the funds by completing a purchase application,which you can get from your financial advisor.

Funds other than Select FundsThe minimum initial investment for Class A and F units and Class A and Fshares of each fund (other than T-Class Securities and the Select Funds) is$500 ($5000 in the case of T-Class Securities and $25,000 per account in thecase of Select Funds). The minimum for each subsequent investment is $50.The minimum initial investment for Insight units or shares is $1,000 per fundand $25,000 in aggregate, and the minimum subsequent investment in Insight

units or shares is $1,000 per fund. Shares of CI Short-Term Corporate Classare available only to investors who purchase shares of that fund pursuant to a pre-authorized chequing plan, systematic transfer plan or automaticrebalancing service that was in effect on May 12, 2008. Shares of CI Short-Term Corporate Class also may be purchased in connection with transferringassets into or out of the PSS, as described elsewhere in this document.

Portfolio Select SeriesIn order to qualify for PSS, you must hold or acquire through the programunits or shares of funds having a prescribed minimum aggregate netasset value. Currently, $25,000 per account is required (if the account isa tax-free savings account, the minimum amount is $5,000 provided youhold other PSS accounts that together add up to $25,000). The minimumamount for a subsequent investment (including under a pre-authorizedchequing program) is $250. The minimum initial investment for Class I,IT5 and IT8 units and shares is determined by us when you enter into aClass I Account Agreement with us.

Select Staging Fund is available to simplify placing orders for a CustomAccount. If you have opted for a Custom Account, we will automaticallyswitch your investment from Select Staging Fund to the Select CorporateClasses and other Corporate Classes you specify on the business dayfollowing the day that your purchase in Select Staging Fund has settled and that we have received your PSS documentation containing yourinstructions, whichever occurs later. If your PSS documentation is notreceived within 30 days after your purchase has settled, your participationin PSS may be terminated and your units of Select Staging Fund will beswitched to Class A shares of CI Short-Term Advantage Corporate Class.

Rather than using Select Staging Fund, your Custom Account may directlypurchase shares in the Select Corporate Classes and other CorporateClasses. If your PSS documentation is not received within 30 days afteryour first investment in the Select Corporate Classes and other CorporateClasses and no other transactions have occurred within the account, theallocation of your first investment between the Select Corporate Classesand other Corporate Classes will become the target asset allocations ofyour Custom Account and automatic rebalancing will occur quarterly usinga 5% variance percentage.

If you hold investments in other funds that you wish transfer to the PSSprogram, those investments may be transferred into a Custom Account by switching to an equivalent class of shares of CI Short-Term AdvantageCorporate Class (rather than Select Staging Fund) so as to minimizerealizing any capital gains. Your investment will then be switched from CI Short-Term Advantage Corporate Class to the Select Corporate Classes.You can have only one set of target asset allocations for your CustomAccount. Once you have made your first investment in your CustomAccount, subsequent investments may be made into Select Staging Fundand automatically switched into the funds in your Custom Account in thesame proportions as your target asset allocations.

GeneralThe Select Corporate Classes can be purchased only by participating inthe PSS program.

Switching to CI Short-Term Advantage Corporate Class from funds whichare not Corporate Classes, and switching from Select Staging Fund toSelect Corporate Classes or other Corporate Classes is, in each case, a disposition for tax purposes. If you hold your units of switched fundsoutside a registered plan, you may realize a taxable capital gain.Additional details about the PSS program are available from yourfinancial advisor.

Features

These classes are similar to Class Zunits or shares except that the are usedin connection with different mutual fundreorganizations and other changes.The management fee charged to thefund for Class U units or shares isdifferent from the management feecharged to the same fund in respect of its Class Z units or shares.

These classes are similar to Class Fexcept that they are available only tocertain investors in connection withvarious mutual fund reorganizationsand other changes. The managementfee charged to the fund for Class Yunits or shares is different from themanagement fee charged to the samefund in respect of its Class F units or shares.

These classes are similar to Class Wexcept that they are available only tocertain investors in connection withvarious mutual fund reorganizationsand other changes. The managementfee charged to the fund for Class Vunits or shares is different from themanagement fee charged to the samefund in respect of its Class W units or shares.

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All fundsYour financial advisor or we will send you a confirmation once we haveprocessed your order. If you buy through the pre-authorized chequingplan described on page 16, we will send you a confirmation for the firsttransaction and all other transactions will be reported on your semi-annual and annual statements if your investments are made no lessfrequently than monthly, otherwise we will confirm each subsequentpurchase. A confirmation shows details of your transaction, including the name of the fund, the number and class of units or shares youbought, the purchase price and the trade date.

We do not issue certificates of ownership for the funds, other than theCorporate Classes. You can request certificates of ownership for yourshares of a Corporate Class by asking us in writing provided you holdyour shares in a non-registered account and the value of those shares is at least $500.

We may reject your purchase order within one business day of receiving it.If rejected, any monies sent with your order will be returned immediately,without interest, once the payment clears. If we accept your order but donot receive payment within three business days, except for money marketfunds, CI Short-Term Advantage Corporate Class and Select Staging Fundwhere payment is required the next business day, we will redeem yourunits or shares on the next business day. If the proceeds are greater than the payment you owe, the difference will belong to the fund. If theproceeds are less than the payment you owe, your financial advisor will berequired to pay the difference and is entitled to collect this amount and anyassociated expenses from you.

Purchase optionsThere is usually a charge for investing in Class A, AT5, AT8, U and Z unitsand shares. You have two options: the initial sales charge or the deferredsales charge. If you do not make a choice, we will apply the standarddeferred sales charge option. For CI Money Market Fund, CI US MoneyMarket Fund, CI Short-Term Advantage Corporate Class and CI Short-TermUS$ Corporate Class we will always apply the initial sales charge option.

Initial sales charge optionWith the initial sales charge option, you usually pay a sales commission to your financial advisor when you buy your fund units or shares. Thecommission is negotiable between you and your financial advisor, butcannot exceed 5% of the amount you invest. See “Dealer compensation”on page 27 for details and “Fees and expenses” starting on page 18.

Deferred sales charge optionUnder the deferred sales charge, there are two options: the standarddeferred sales charge and the low-load sales charge. If you choose adeferred sales charge option, you pay no commission when you invest in a fund. The entire amount of your investment goes toward buying fundunits or shares and we pay the financial advisor’s commission directly.See “Dealer compensation” on page 27 for details. However, if you sell your units or shares within seven years of buying them (under thestandard deferred sales charge) or within three years of buying them(under the low-load sales charge), you will pay a redemption fee basedon the cost of the units or shares redeemed.

Standard deferred sales chargeFor the standard deferred sales charge, the redemption fee starts at 5.5% in the first year and decreases each year over a seven year period. If youhold your fund units or shares for more than seven years, you pay noredemption fee. See “Fees and expenses” starting on page 18 for theredemption fee schedule.

If you choose the standard deferred sales charge, you can sell or changesome of your units or shares each year without paying a fee or so that theyare no longer subject to a redemption fee, as applicable. See “Freeredemption of standard deferred sales charge units or shares” on page 13for details.

Low-load sales chargeFor the low-load sales charge, the redemption fee starts at 3% in the firstyear and decreases each year over a three year period. If you hold yourfund units or shares for more than three years, you pay no redemption fee.See “Fees and expenses” on page 18 for the redemption fee schedule.

If you chose the low-load sales charge, you may not sell your units or sharesuntil the beginning of the fourth year without paying a redemption fee.

Investment advisory fee optionWhen you invest in Class F, FT5, FT8, W, WT5, WT8, V, Y and Insight units and shares, you do not pay any charges to buy, sell or transfer these units or shares. Instead, you may pay an investment advisory fee to your financialadvisor. The investment advisory fee is negotiated between you and yourfinancial advisor. For Class W, WT5, WT8, V and Insight units and shares, we have an arrangement with your financial advisor whereby we collect theinvestment advisory fee on your financial advisor’s behalf by redeeming asufficient number of units or shares from your account quarterly on the fifthbusiness day before the calendar quarter end. We also may have a similararrangement with your financial advisor for Class F, FT5 and FT8 units andshares. When we do so, the annual investment advisory fee must not exceed1.50% and, in the absence of instructions to the contrary, will be presumed tobe 1.50%. See “Fees and expenses” on page 18.

How to sell your units or shares

To sell your units or shares, send your signed instructions in writing to yourfinancial advisor or to us. Once we receive your order, you cannot cancelit. We will send you a confirmation once we have processed your order.We will send your payment within three business days of receiving yourproperly completed order. You will receive payment in the currency inwhich you bought the fund.

Your signature on your instructions must be guaranteed by a bank, trustcompany, or financial advisor if the sale proceeds are:

• more than $25,000, or• paid to someone other than the registered owner.

If the registered owner of the units or shares is a corporation, partnership,agent, fiduciary or surviving joint owner, we may require additionalinformation. If you are unsure whether you need to provide a signatureguarantee or additional information, check with your financial advisor or us.

If you hold any shares in certificate form, you must sign the back of yourcertificate, have your signature guaranteed and return the certificate withyour instructions.

Selling deferred sales charge units or sharesIf you invest under a deferred sales charge option and you sell those unitsor shares before the deferred sales charge schedule has expired, we willdeduct the redemption fee from your sale proceeds. If you sell units orshares within 30 business days of buying them, a short-term trading feemay also apply. See “Fees and expenses” on page 18 for details aboutthese fees.

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We sell deferred sales charge units or shares in the following order:

• units or shares that qualify for the free redemption right,• units or shares that are no longer subject to the redemption fee, and• units or shares that are subject to the redemption fee.

All units and shares are sold on a first bought, first sold basis. We sell unitsor shares you received from reinvested distributions in the same proportionas we sell units or shares from the original investment.

Selling Certain Units or Shares Bought Before the Date of this Simplified ProspectusIf you bought units or shares of a fund before the date of this simplifiedprospectus and sell or transfer those units or shares, the redemption feedescribed in the simplified prospectus that was in effect when you boughtyour units or shares will apply.

Free redemption of standard deferred sales charge units or sharesEach year, you can sell some of your standard deferred sales charge units orshares that would otherwise be subject to the redemption fee at no charge.This is called your free redemption right. We calculate the available numberof units or shares as follows:

• 10% of the number of standard deferred sales charge units or shares youbought in the current calendar year, multiplied by the number of monthsremaining in the calendar year (including the month of purchase) dividedby 12, plus

• 10% of the number of standard deferred sales charge units or shares youheld on December 31 of the preceding year that are subject to theredemption fee, minus

• the number of units or shares you would have received if you hadreinvested any cash distributions you received during the currentcalendar year.

We may modify or discontinue your free redemption right at any time in oursole discretion. The free redemption right only applies if your units or sharesremain invested for the full deferred sales charge schedule. If you haveexercised your free redemption right and then redeem your units or sharesbefore the deferred sales charge schedule has expired, your cost per unit orshare will be increased to compensate us for the units or shares redeemedunder the free redemption right. In other words, even if you redeemed unitsor shares under the free redemption right, your deferred sales charge on afull redemption would be the same as if you had not redeemed any units orshares under the free redemption right.

If you do not wish to sell the units or shares you would be entitled to sellunder this free redemption right in any year, you can ask us to change thoseunits or shares from standard deferred sales charge units to initial salescharge units. You will not be charged a fee for these changes and your costs of owning your investment will not be affected, but this will increasethe compensation that we will pay your financial advisor. See “DealerCompensation” on page 27 for details.

How we calculate the redemption fee

The redemption fee applies once you have sold:

• all of your deferred sales charge units or shares under the freeredemption right, and

• all of your deferred sales charge units or shares that are no longersubject to the redemption fee.

We calculate the redemption fee as follows:

number of units/ X cost per X the redemption shares you are selling unit/share fee rate

The cost per unit or share for calculating the redemption fee is based onthe cost and number of units or shares of your original investment. If youpreviously sold some of these units or shares under the free redemptionright, you will have fewer units or shares, so the cost per unit or share willbe higher. See “Free redemption of standard deferred sales charge unitsor shares”. If your distributions were reinvested in the fund, you will havemore units or shares, so the cost per unit or share will be lower.

The redemption fee rate depends on how long you have held your units or shares. See “Fees and expenses” on page 18 for the redemption feeschedule.

Minimum balanceIf the value of your units or shares in a fund is less than $500 ($5000 in thecase of T-Class Securities and $25,000 per account in the case of SelectFunds), we can sell your units or shares and send you the proceeds. Wewill give you 10 days’ notice first. The minimum does not apply to accountswith an active pre-authorized chequing plan.

If we become aware that you no longer qualify to hold Class F, FT5, FT8, I,IT5, IT8, M, V, W, WT5, WT8, Y or Insight units or shares of the funds, wemay change your units or shares to Class A, AT5 or AT8 units or shares(whichever is most comparable) of the same fund after we give you 30days’ notice.

If the value of your Insight units or Insight shares in your account is lessthan $20,000, then we will change your Insight units or shares to Class Aunits or shares of the same fund after we give you 30 days’ notice.

We reserve the right to change the minimum required account size in PSSat any time upon giving 30 days’ prior written notice to investors. If thevalue of your securities in the PSS program is less than the minimumamount we determine (currently $25,000 per account; $5,000 if the accountis a tax-free savings account provided you hold other PSS accounts thattogether add up to $25,000), your participation in PSS will be terminated andthe securities in your PSS account will be automatically switched to ClassA shares of CI Short-Term Advantage Corporate Class. However, beforedoing so, you will be notified and given 30 days to invest the amountnecessary to increase the size of your account to an amount equal to orgreater than the new minimum required account size. The minimum doesnot apply to PSS accounts with an active pre-authorized chequing plan.

Suspending your right to sell units or sharesSecurities regulations allow us to temporarily suspend your right to sellyour fund units or shares and postpone payment of your sale proceeds:

• during any period when normal trading is suspended on any exchange onwhich securities or derivatives that make up more than 50% of the fund’svalue or its underlying market exposure are traded, provided thosesecurities or derivatives are not traded on any other exchange that is areasonable alternative for the fund,

• during any period when the right to redeem units or shares is suspendedfor any underlying fund in which a fund invests all of its assets directlyand/or through derivatives, or

• with the approval of securities regulators.

We will not accept orders to buy fund units or shares during any periodwhen we have suspended investors’ rights to sell units or shares of thatfund.

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Transferring or converting to another fundYou can transfer from one fund to another fund in the CI Funds family bycontacting your financial advisor. A transfer from one Corporate Class toanother Corporate Class is called a conversion. To effect a transfer orconversion, give your financial advisor the name of the fund and the class ofunits or shares you hold, the dollar amount or number of units or shares youwant to transfer or convert and the name of the fund and the class to whichyou are transferring or converting.

You can transfer or convert between funds in the same class that are pricedin the same currency. If a fund is available in both Canadian and U.S. dollars,you can transfer or convert your units or shares in one currency to units orshares of the same fund in the other currency.

If you transfer or convert units or shares you bought under a deferred salescharge option, the same deferred sales charge option will apply to your newunits or shares. You pay no redemption fee when you transfer or convertunits or shares you bought under a deferred sales charge option, but youmay have to pay a redemption fee when you sell the new units or shares. If the redemption fee applies, we will calculate it based on the cost of theoriginal units or shares and the date you bought the original units or shares.

You may have to pay your financial advisor a transfer fee based on the value of the units or shares you are transferring or converting. However, thetransfer fee is negotiable. If you have held the units or shares for 30 businessdays or less, you may also have to pay a short-term trading fee. The short-term trading fee does not apply to money market funds or CI Short-TermAdvantage Corporate Class. Transfer fees and short term trading fees do not apply to transfers as part of the automatic rebalancing service. See“Fees and expenses” on page 18 for details about these fees.

Converting shares from one Corporate Class to another Corporate Class isnot a disposition for tax purposes. This means that you will not pay tax onany capital gains accrued in the shares at the time you make the conversion.Any other transfer between funds is a disposition for tax purposes. If youhold your units or shares outside a registered plan, you may realize a taxablecapital gain.

Changing to another classYou can change or convert your units or shares of one class to units orshares of another class of the same fund by contacting your financialadvisor. You can only change units or shares into a different class if youare eligible to buy that other class. If you bought your units or shares undera deferred sales charge option, you will pay to us a reclassification fee atthe time you change to a different class equal to the redemption fee youwould pay if you redeemed your units or shares. No other fees apply, otherthan the short-term trading fee, if applicable.

Changing or converting units or shares from one class to another class of thesame fund is not a disposition for tax purposes except to the extent that unitsor shares are redeemed to pay a reclassification fee. If those redeemed unitsare held outside a registered plan, you may realize a taxable capital gain.

How to transfer or convert your units or shares

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Redeeming or switching units or shares of a mutual fund within 30 business days after they were purchased, which is referred to asshort-term trading, may have an adverse effect on other investors in the mutual fund because it can increase trading costs to the mutual fundto the extent the mutual fund purchases and sells portfolio securities in response to each redemption or switch request. An investor whoengages in short-term trading also may participate in any appreciation in the net asset value of the mutual fund during the short period that theinvestor was invested in the mutual fund, which reduces the amount ofthe appreciation that is experienced by other, longer term investors in themutual fund. Certain types of mutual funds (such as money market funds)are intended as short-term investments and therefore are not adverselyaffected by short-term trading.

A fund may charge you a fee of up to 2% of the value of the units orshares you redeem or switch if you engage in short-term trading. Theshort-term trading fee does not apply to money market funds or CI Short-Term Advantage Corporate Class. This fee is paid to the fund and is inaddition to any other fees that may apply. No short-term trading fees arecharged for any systematic transactions, such as periodic switches orredemptions, trades as part of an automatic portfolio rebalancing serviceor switches as part of investing in the PSS program. We may waive theshort-term trading fee charged by a fund for other trades if the size of thetrade was small enough or the short-term trade did not otherwise harmother investors in the fund. We also may refuse to accept purchaseorders from you and we have the discretion to redeem some or all ofyour units or shares of the funds if we believe you may continue toengage in short-term trading. See “Short-term trading” in the annualinformation form for additional information.

The funds do not have any arrangements, formal or informal, with anyperson or company to permit short-trading trading.

Short-term trading

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Optional services

You can take advantage of the following plans and services when youinvest in the funds.

Registered plansWe offer the following registered plans. Not all of these plans may beavailable in all provinces or territories. Ask your financial advisor for details and an application.

• Registered Retirement Savings Plans (RRSPs)• Locked-in Retirement Accounts (LIRAs)• Locked-in Registered Retirement Savings Plans (LRSPs)• Registered Retirement Income Funds (RRIFs)• Locked-in Retirement Income Funds (LRIFs)• Life Income Funds (LIFs)• Registered Education Savings Plans (RESPs)• Prescribed Retirement Income Funds (PRIFs)• Tax-Free Savings Accounts (TFSAs)• Québec Education Savings Incentive (QESI)

These plans are available only in Canadian dollars.

Automatic rebalancing serviceWe offer an automatic portfolio rebalancing service to all investors in the funds. This service can be applied to any account and monitors whenthe value of your investments within the funds deviates from your targetallocations. There is no fee for this service.

In order to utilize the automatic rebalancing service, you and your advisormust define the following rebalancing criteria:

• Frequency date: You must decide if you want your account rebalancedon a monthly, quarterly, semi-annual or annual basis. Your account willbe reviewed and, if necessary, rebalanced on the first Friday in thecalendar period of the frequency you selected. For accounts which arerebalanced annually, the review and, if necessary, rebalancing insteadwill occur on the first Friday in December.

• Variance percentage: You must determine by what percentage you willallow the actual values of your investments in the funds to differ fromyour target allocations before triggering a rebalancing.

When the current value of your investment in any fund varies on thefrequency date by more than the percentage variance you have selected,we will automatically switch your investments to return to your target fundallocations for all funds. If 100% of a fund within your account is redeemedor switched, your target allocations will be updated and proportionatelyallocated to the remaining active funds in your target fund allocations,except for PSS Custom Accounts where we instead will await your furtherwritten instructions.

The following example shows how the automatic rebalancing service works:

Frequency Date: Quarterly Variance Target Current Percentage: 2.5% Allocation Value DifferenceFund A 25.0% 28.1% +3.1%Fund B 25.0% 26.3% +1.3%Fund C 25.0% 21.7% -3.3%Fund D 25.0% 23.9% -1.1%

At the end of the calendar quarter, we would review your account andautomatically:

• Switch shares out of Fund A equal to 3.1% of your portfolio into shares ofFund C

• Switch shares out of Fund B equal to 1.1% to Fund D and 0.2% to Fund C

The automatic rebalancing service is a fundamental feature of the PSSprogram. It applies to all PSS Custom Accounts and automatic rebalancingoccurs quarterly using a 5% variance percentage, unless your financialadvisor sends us different rebalancing criteria as described above. The rebalancing criteria described above do not apply to the ManagedPortfolios and Managed Accounts which instead are rebalanced when we determine in our discretion.

As described under “Transferring or converting to another fund”, in somecircumstances a switch between funds made by the automatic rebalancingservice may cause you to realize a taxable capital gain.

Pre-authorized chequing planOur pre-authorized chequing plan allows you to make regular investmentsin one or more of the funds in the amounts you choose. You can start theplan by completing an application, which is available from your financialadvisor. Here are the plan highlights:

• your initial investment and each subsequent investment must be at least$50 for each class of a fund (for PSS accounts, the value of your PSSaccount must be at least the minimum amount (currently $25,000) andeach subsequent investment must be at least $250);

• we automatically transfer the money from your bank account to the fundsyou choose;

• you can choose any day of the month to invest weekly, bi-weekly,monthly, bi-monthly, quarterly, semi-annually or annually;

• if the date you choose falls on a day that is not a business day, your unitsor shares will be bought the next business day;

• you can choose either the initial sales charge option or a deferred salescharge option;

• you can change or cancel the plan at any time by providing us 48 hoursnotice;

• we will confirm your first automatic purchase and all other transactionswill be reported on your semi-annual and annual statements if yourinvestments are made no less frequently than monthly, otherwise we willconfirm each subsequent purchase; and

• to increase your regular investments under the plan, you need to contactyour financial advisor.

CI is not required to send a simplified prospectus to investors who participatein our pre-authorized chequing plan unless they request it at the time theyenrol in the plan or subsequently request it from their financial advisor. Thesimplified prospectus and any amendments thereto may be found atwww.sedar.com or www.ci.com. You will not have a withdrawal right forpurchases under the pre-authorized chequing plan, other than the initialpurchase or sale, but you will have the rights described under “What are yourlegal rights?” on page 31 for any misrepresentation about the fund containedin the simplified prospectus, annual information form or financial statements.

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Systematic redemption planOur systematic redemption plan allows you to receive regular cash paymentsfrom your funds. You can start the plan by completing an application, whichis available from your financial advisor. Here are the plan highlights:

• the value of your fund units or shares must be more than $5,000($25,000 in the case of the PSS program) to start the plan;

• the minimum amount you can sell is $50 for each class of a fund ($250 in the case of the PSS program);

• we automatically sell the necessary number of units or shares to make payments to your bank account or a cheque is mailed to you;

• you can choose any day of the month to receive payments weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annually or annuallyexcept if you hold your units or shares in a RRIF, LRIF or LIF, in whichcase you can only choose a day between the 1st and the 25th of themonth for these plan types;

• if the date you choose is not a business day, your units or shares willbe sold the previous business day;

• you can change or cancel the plan at any time by providing us 48 hours notice; and

• we will confirm your first automatic redemption and all other automaticredemptions will be reported on your semi-annual and annualstatements if your investments are made no less frequently thanmonthly, otherwise we will confirm each subsequent purchase.

A redemption fee may apply to any units or shares you bought through adeferred sales charge option. See “Fees and expenses” starting on page 18for details.

If you withdraw more money than your fund units or shares are earning,you will eventually use up your investment.

If you sell units or shares held in a RRIF, LRIF or LIF, any withdrawals in excess of the minimum prescribed amount for the year will be subjectto withholding tax.

Systematic transfer planOur systematic transfer plan allows you to make regular transfers orconversions from one fund to another in the CI Funds family, other thanSelect Funds and CI Short-Term Corporate Class. You can start the planby completing an application, which is available from your financialadvisor. Here are the plan highlights:

• the minimum transfer or conversion is $50;• we automatically sell units or convert shares you hold in the fund,

class and sales charge option you specify and transfer your investmentto another fund of your choice in the same class and sales chargeoption;

• you can only transfer or convert between funds and classes priced inthe same currency;

• you can choose any day of the month to make transfers weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annually or annually;

• if the date you choose is not a business day, your transfer will beprocessed the previous business day;

• you can change or cancel the plan at any time by providing us 48 hoursnotice; and

• we will confirm your first automatic transfer and all other automatictransfers will be reported on your semi-annual and annual statementsif your investments are made no less frequently than monthly,otherwise we will confirm each subsequent purchase.

You may have to pay your financial advisor a transfer fee based on the value of the units or shares you are transferring or converting. The short-term trading fee does not apply to money market funds and CI Short-Term Advantage Corporate Class. See “Fees and expenses”on page 18 for details about these fees.

You pay no redemption fee when you transfer units or convert shares youbought under a deferred sales charge option, but you may have to pay aredemption fee when you sell them. If the redemption fee applies, wewill calculate it based on the cost of the original units or shares and dateyou bought them.

Converting shares from one Corporate Class to another Corporate Classis not a disposition for tax purposes. This means that you will not pay tax on any capital gains accrued in the shares at the time you make theconversion. Any other transfer between funds is a disposition for taxpurposes. If you hold your units or shares outside a registered plan, you may realize a taxable capital gain.

Flexible T-Class serviceIf you hold T-Class Securities, you may customize the regular monthlycash distributions you receive by selecting the funds and instructing us to automatically reinvest a portion of your monthly distributions to fityour requested amount.

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The table below shows the fees and expenses you may have to pay if you invest in funds. You may have to pay some of these fees and expenses directly.The fund may have to pay some of these fees and expenses, which will reduce the value of your investment.

Fees and expenses

Fees and expenses payable by the funds

Management fees Each class of units or shares of a fund (other than Class I, IT5 or IT8 units or shares) pays us a management fee for providing generalmanagement and administrative services. The fee is calculated and paid daily. The maximum annual rate of the management fee foreach class is as follows:

Fund Maximum annual management fee (%)

Class F, Class A FT5, FT8, AT5, AT8 W, WT5, WT8 Insight

units/shares units/shares units/ shares

Equity FundsCambridge Canadian Equity Corporate Class 2.00 1.00 n/aCambridge Global Equity Corporate Class 2.00 1.00 n/aCI Alpine Growth Equity Fund 2.00 1.00 n/aCI American Equity Fund 2.00 1.00 n/aCI American Equity Corporate Class 2.00 1.00 n/aCI American Managers® Corporate Class 2.00 1.00 n/aCI American Small Companies Fund 2.00 1.00 n/aCI American Small Companies Corporate Class 2.00 1.00 n/aCI American Value Fund 2.00 1.00 1.11CI American Value Corporate Class 2.00 1.00 n/aCI Can-Am Small Cap Corporate Class 2.00 1.00 n/aCI Canadian Investment Fund 1.95 1.00 0.95CI Canadian Investment Corporate Class 1.95 1.00 n/aCI Canadian Small/Mid Cap Fund 2.00 1.00 n/aCI Emerging Markets Fund 2.25 1.25 n/aCI Emerging Markets Corporate Class 2.25 1.25 n/aCI European Fund 2.00 1.00 n/aCI European Corporate Class 2.00 1.00 n/aCI Global Fund 2.00 1.00 1.11CI Global Corporate Class 2.00 1.00 n/aCI Global Small Companies Fund 2.00 1.00 1.00CI Global Small Companies Corporate Class 2.00 1.00 n/aCI Global Health Sciences Corporate Class 2.00 1.00 n/aCI Global High Dividend Advantage Fund 2.10 1.10 n/aCI Global High Dividend Advantage Corporate Class 2.10 1.10 n/aCI Global Managers® Corporate Class 2.00 1.00 n/aCI Global Science & Technology Corporate Class 2.00 1.00 n/aCI Global Value Fund 2.00 1.00 n/aCI Global Value Corporate Class 2.00 1.00 n/aCI International Fund 2.00 1.00 1.11CI International Corporate Class 2.00 1.00 n/aCI International Value Fund 2.00 1.00 1.11CI International Value Corporate Class 2.00 1.00 n/aCI Japanese Corporate Class 2.00 1.00 n/aCI Pacific Fund 2.00 1.00 n/aCI Pacific Corporate Class 2.00 1.00 n/aCI Value Trust Corporate Class 2.25 1.25 1.11

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Fees and expenses payable by the funds cont’d



units/shares units/shares units/ shares

Equity Funds (cont’d)Harbour Fund 2.00 1.00 n/aHarbour Corporate Class 2.00 1.00 n/aHarbour Foreign Equity Corporate Class 2.00 1.00 n/aSignature Canadian Resource Fund 2.00 1.00 n/aSignature Canadian Resource Corporate Class 2.00 1.00 n/aSignature Global Energy Corporate Class 2.00 1.00 n/aSignature Select Canadian Fund 2.00 1.00 0.95Signature Select Canadian Corporate Class 2.00 1.00 n/aSignature Select Global Fund 2.00 1.00 n/aSignature Select Global Corporate Class 2.00 1.00 n/aSynergy American Fund 2.00 1.00 n/aSynergy American Corporate Class 2.00 1.00 n/aSynergy Canadian Corporate Class 2.00 1.00 0.95Synergy Global Corporate Class 2.00 1.00 n/a

Balanced FundsCambridge Canadian Asset Allocation Corporate Class 2.00 1.00 n/aCI International Balanced Fund 2.00 1.00 n/aCI International Balanced Corporate Class 2.00 1.00 n/aHarbour Growth & Income Fund 2.00 1.00 n/aHarbour Growth & Income Corporate Class 2.00 1.00 n/aHarbour Foreign Growth & Income Corporate Class 2.00 1.00 n/aSignature Canadian Balanced Fund 2.00 1.00 n/aSignature Diversified Yield Fund 1.90 0.90 n/aSignature Diversified Yield Corporate Class 1.90 0.90 n/aSignature Global Income & Growth Fund 2.00 1.00 n/aSignature Global Income & Growth Corporate Class 2.00 1.00 n/aSignature Income & Growth Fund 2.00 1.00 n/aSignature Income & Growth Corporate Class 2.00 1.00 n/aSynergy Tactical Asset Allocation Fund 1.95 0.95 n/a

Income / Specialty FundsCI Money Market Fund* 1.00 0.75 0.80CI Short-Term Advantage Corporate Class 1.00 0.75 n/aCI Short-Term Corporate Class 1.00 0.75 n/aCI Short-Term US$ Corporate Class 1.00 n/a n/aCI US Money Market Fund 1.00 n/a n/aCI Global Bond Fund 1.75 1.00 1.11CI Global Bond Corporate Class 1.75 1.00 n/aSignature Canadian Bond Fund 1.35 0.85 0.85Signature Canadian Bond Corporate Class 1.35 0.85 n/aSignature Corporate Bond Fund 1.70 0.85 0.95Signature Corporate Bond Corporate Class 1.70 0.85 n/aSignature Dividend Fund 1.50 1.00 n/aSignature Dividend Corporate Class 1.50 1.00 n/aSignature High Income Fund 1.25 0.75 n/aSignature High Income Corporate Class 1.25 0.75 n/aSignature Mortgage Fund 1.65 1.15 n/aSignature Short-Term Bond Fund 1.30 0.75 n/a

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units/shares units/shares units/ sharesPortfolio SeriesPortfolio Series Income Fund 1.65 0.90 n/aPortfolio Series Conservative Fund 1.90 0.90 n/aPortfolio Series Balanced Fund 2.00 0.90 n/aPortfolio Series Conservative Balanced Fund 2.00 1.00 n/aPortfolio Series Balanced Growth Fund 2.00 1.00 n/aPortfolio Series Growth Fund 2.00 1.00 n/aPortfolio Series Maximum Growth Fund 2.00 1.00 n/a


Class F, Class A FT5, FT8, AT5, AT8 W, WT5, WT8

units/shares units/shares

Portfolio Select SeriesSelect Income Advantage Managed Corporate Class 1.65 0.90Select Canadian Equity Managed Corporate Class 2.00 1.00Select U.S. Equity Managed Corporate Class 2.00 1.00Select International Equity Managed Corporate Class 2.00 1.00Select Staging Fund 1.00 0.75Select 80i20e Managed Portfolio Corporate Class 1.75 0.90Select 70i30e Managed Portfolio Corporate Class 1.80 0.90Select 60i40e Managed Portfolio Corporate Class 1.90 0.90Select 50i50e Managed Portfolio Corporate Class 1.90 0.90Select 40i60e Managed Portfolio Corporate Class 1.90 0.90Select 30i70e Managed Portfolio Corporate Class 1.95 0.95Select 20i80e Managed Portfolio Corporate Class 1.95 0.95Select 100e Managed Portfolio Corporate Class 2.00 1.00

*CI Money Market Fund also offers Class M units. The maximum annual management fee for Class M units is 0.20%.

Note: Management fees applicable to Class U, V, Y and Z units and shares are set out in Part B of the simplified prospectus applicable to such securities.

No management fees are charged to the funds for Class I, IT5 or IT8 units or shares. Instead, each investor and their dealer will negotiate a separate feewhich is payable directly to us.

Management fee reductions We may reduce or waive the management fees that we are entitled to charge. We can charge the maximum rate of the annual management fee without giving notice to unitholders or shareholders.

If a Corporate Class invests in money market instruments, the maximum annual management fee rate charged on those assets is 2.00% for Class A, AT5 and AT8 shares and 1.00% for Class F, FT5, FT8, W, WT5, and WT8 shares.

Management fee distributions and rebatesIf you make a large investment in a fund, we may reduce our usual management fee that would apply to your investment inthe fund. For Corporate Classes, we rebate to you a portion of our usual management fee that would apply to your investmentin the fund. For all other funds, the fund pays you the amount of the reduction in the form of a distribution. We will reinvestthe rebate or distribution in the fund, unless you tell us you want to receive it in cash or reinvest it in another fund.

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Operating expenses We bear all of the operating expenses of the funds (other than certain taxes, borrowing costs, certain new governmentalfees and certain forward agreement costs) (the “Variable Operating Expenses”) in return for fixed annual administrationfees. Not included in the Variable Operating Expenses are (a) taxes of any kind charged directly to the funds (principallyincome tax and G.S.T. or H.S.T. on its management and administration fees), (b) borrowing costs incurred by the fundsfrom time to time, (c) any new fees that may be introduced by a securities regulator or other governmental authority inthe future that is calculated based on the assets or other criteria of the funds, and (d) in the case of CI Global HighDividend Advantage Fund, CI Global High Dividend Advantage Corporate Class, CI Short-Term Advantage CorporateClass, Signature Diversified Yield Fund, Signature Diversified Yield Corporate Class and Select Income AdvantageManaged Corporate Class, costs associated with their forward agreements. The purchase price of all securities andother property acquired by or on behalf of the funds (including brokerage fees, commissions and service charges paid to purchase and sell such securities and other property) are considered capital costs and therefore not included inVariable Operating Expenses. For greater certainty, we will bear all taxes (such as G.S.T., H.S.T. and provincial salestaxes) charged to us for providing the goods, services and facilities included in the Variable Operating Expenses.However, fees charged directly to investors are not included in the Variable Operating Expenses.

Each Administration Fee is calculated as a fixed annual percentage of the net asset value of each class of the funds asset out below. No Administration Fee applies in respect of Class I, IT5, IT8 or M units or shares because separate feeand expense arrangements are established in each Class I Account Agreement.


Fund Administration Fee (%)

Income / Specialty FundsCI Money Market Fund NilCI Short-Term Advantage Corporate Class NilCI Short-Term Corporate Class NilCI Short-Term US$ Corporate Class NilCI US Money Market Fund NilCI Global Bond Fund 0.18CI Global Bond Corporate Class 0.18Signature Canadian Bond Fund 0.17Signature Canadian Bond Corporate Class 0.17Signature Corporate Bond Fund 0.20Signature Corporate Bond Corporate Class 0.20Signature Dividend Fund 0.20Signature Dividend Corporate Class 0.20Signature High Income Fund 0.20Signature High Income Corporate Class 0.20Signature Mortgage Fund 0.20Signature Short-Term Bond Fund 0.17

Balanced FundsCambridge Canadian Asset Allocation Corporate Class 0.20CI International Balanced Fund 0.22CI International Balanced Corporate Class 0.22Harbour Growth & Income Fund 0.20Harbour Growth & Income Corporate Class 0.20Harbour Foreign Growth & Income Corporate Class 0.22Signature Canadian Balanced Fund 0.20Signature Global Income & Growth Fund 0.22Signature Global Income & Growth Corporate Class 0.22Signature Income & Growth Fund 0.20Signature Income & Growth Corporate Class 0.20Signature Diversified Yield Fund 0.20Signature Diversified Yield Corporate Class 0.20Synergy Tactical Asset Allocation Fund 0.22

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Canadian Equity FundsCambridge Canadian Equity Corporate Class 0.20CI Alpine Growth Equity Fund 0.20CI Canadian Investment Fund 0.20CI Canadian Investment Corporate Class 0.20CI Canadian Small/Mid Cap Fund 0.20Harbour Fund 0.20Harbour Corporate Class 0.20Signature Canadian Resource Fund 0.20Signature Canadian Resource Corporate Class 0.20CI Can-Am Small Cap Corporate Class 0.20Signature Select Canadian Fund 0.20Signature Select Canadian Corporate Class 0.20Synergy Canadian Corporate Class 0.20

U.S. Equity FundsCI American Equity Fund 0.21CI American Equity Corporate Class 0.21CI American Managers® Corporate Class 0.21CI American Small Companies Fund 0.21CI American Small Companies Corporate Class 0.21CI American Value Fund 0.21CI American Value Corporate Class 0.21CI Value Trust Corporate Class 0.21Synergy American Fund 0.21Synergy American Corporate Class 0.21

Global Equity FundsCambridge Global Equity Corporate Class 0.22CI Emerging Markets Fund 0.22CI Emerging Markets Corporate Class 0.22CI European Fund 0.22CI European Corporate Class 0.22CI Global Fund 0.22CI Global Corporate Class 0.22CI Global Small Companies Fund 0.22CI Global Small Companies Corporate Class 0.22CI Global Health Sciences Corporate Class 0.22CI Global High Dividend Advantage Fund 0.20CI Global High Dividend Advantage Corporate Class 0.22CI Global Managers® Corporate Class 0.22CI Global Science & Technology Corporate Class 0.22CI Global Value Fund 0.22CI Global Value Corporate Class 0.22CI International Fund 0.22CI International Corporate Class 0.22CI International Value Fund 0.22CI International Value Corporate Class 0.22CI Japanese Corporate Class 0.22CI Pacific Fund 0.22CI Pacific Corporate Class 0.22Harbour Foreign Equity Corporate Class 0.22Signature Global Energy Corporate Class 0.22Signature Select Global Fund 0.22Signature Select Global Corporate Class 0.22Synergy Global Corporate Class 0.22

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Portfolio SeriesPortfolio Series Income Fund 0.17Portfolio Series Conservative Fund 0.20Portfolio Series Balanced Fund 0.20Portfolio Series Conservative Balanced Fund 0.22Portfolio Series Balanced Growth Fund 0.22Portfolio Series Growth Fund 0.22Portfolio Series Maximum Growth Fund 0.22

Portfolio Select Series Select Income Advantage Managed Corporate Class 0.17Select Canadian Equity Managed Corporate Class 0.20Select U.S. Equity Managed Corporate Class 0.21Select International Equity Managed Corporate Class 0.22Select Staging Fund NilSelect 80i20e Managed Portfolio Corporate Class 0.18Select 70i30e Managed Portfolio Corporate Class 0.18Select 60i40e Managed Portfolio Corporate Class 0.19Select 50i50e Managed Portfolio Corporate Class 0.19Select 40i60e Managed Portfolio Corporate Class 0.19Select 30i70e Managed Portfolio Corporate Class 0.20Select 20i80e Managed Portfolio Corporate Class 0.20Select 100e Managed Portfolio Corporate Class 0.21

Each IRC member (other than the Chairman) is paid, as compensation for his or her services, $34,000 per annum plus $9,000for each meeting attended. The Chairman is paid $42,500 per annum plus $11,000 for each meeting attended. Each year theIRC determines and discloses its compensation in its annual report to investors in the funds. We reimburse the funds out ofour administration fees for the fees and expenses of the IRC.


Underlying fund fees and expenses There are fees and expenses payable by the underlying funds in addition to the fees and expenses payable by fundsthat invest in underlying funds. Management fees are reduced by the aggregate amount of the management feesindirectly paid on the underlying funds. Consequently, there will be no duplication of management fees as a result ofan investment in a top fund rather than direct investments in the underlying funds. No management fees payable by atop fund which, to a reasonable investor, would duplicate a fee payable by the underlying funds for the same servicewill be charged. No sales or redemption fees are payable by a top fund for investing in underlying funds managed byus or any of our affiliates or associates.

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Fees and expenses payable directly by you

Sales chargeInitial sales charge option You may have to pay your financial advisor a sales charge when you buy Class A, AT5, AT8, U or Z units or shares

under the initial sales charge option. You can negotiate this charge with your financial advisor, but it must not exceed5% of the amount you invest.

Redemption feeStandard deferred sales charge option You do not pay a sales charge to your financial advisor when you buy Class A, AT5, AT8, U or Z units or shares under

the standard deferred sales charge option. You will pay a redemption fee if you sell them within seven years of buyingthem, unless you qualify for a free redemption. The table below shows the redemption fee schedule:

Securities sold during the following Redemptionperiod after you bought them fee rateduring the first year 5.5%during the second year 5.0%during the third year 5.0%during the fourth year 4.0%during the fifth year 4.0%during the sixth year 3.0%during the seventh year 2.0%after seven years none

The redemption fee applies after you have sold all of your deferred sales charge units or shares under the freeredemption right and all of your deferred sales charge units or shares that are no longer subject to the redemption fee.

Low-load sales charge option You do not pay a sales charge to your financial advisor when you buy Class A, AT5, AT8, U or Z units or shares underthe low-load sales charge option. You will pay a redemption fee if you sell them within three years of buying them.The table below shows the redemption fee schedule:

Securities sold during the following Redemption period after you bought them fee rateduring the first year 3.0%during the second year 2.5%during the third year 2.0%

Certain securities bought before the date of this simplified prospectus may be subject to different deferred salescharges. See page 12 for details.

Transfer or conversion fee Transferring or converting to another fundYou may have to pay your financial advisor a transfer fee of up to 2% of the value of the units or shares you aretransferring or converting to a different fund. You can negotiate this fee with your financial advisor. This fee does not apply to transfers and conversions as part of the PSS program or the automatic rebalancing service.

You pay no redemption fee when you transfer or convert to a different fund units or shares you bought under adeferred sales charge option, but you may have to pay a redemption fee when you sell the new units or shares. We calculate the redemption fee based on the cost of the original units or shares and the date you bought the original units or shares.

Reclassification fee If you are transferring or converting Class A, AT5, AT8, U or Z units or shares to a different class of units or shares ofthe same fund, you may have to pay to us a reclassification fee if you bought your Class A, AT5, AT8, U or Z units orshares under a deferred sales charge option. The reclassification fee is equal to the redemption fee you would pay ifyou redeemed your Class A, AT5, AT8, U or Z units or shares. We will redeem a sufficient number of units or shares topay the reclassification fee. See the redemption fee schedules above.

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Fees and expenses payable directly by you cont’d

Short-term trading fee We may charge you a short-term trading fee of up to 2% of the total amount you redeem, if you sell or transferyour units or shares within 30 business days of buying them. We will redeem a sufficient number of units orshares to pay the short-term trading fee. This fee does not apply to money market funds, CI Short-Term AdvantageCorporate Class, systematic transactions including transfers and conversions as part of the PSS program or theautomatic rebalancing service, or switches to a different class of the same fund. We may also refuse to acceptfurther purchase orders from you.

We will adopt policies on short-term trading mandated by regulation, if and when implemented by securitiesregulators. These policies will be adopted without amendment to the simplified prospectus or notice to you,unless otherwise required by securities laws.

The short-term trading fee is in addition to any other fees you would otherwise be subject to under this simplifiedprospectus.

Registered plan fees None

Other fees• Pre-authorized chequing plan None

• Systematic redemption plan None

• Systematic transfer plan None

• Automatic rebalancing service None

• Flexible T-Class service None

Fees and expenses payable directly by you (cont’d)• Investment advisory fee Investors in Class F, I, V, W, Y and Insight units and shares may be charged an investment advisory fee by their

financial advisor. The amount of the investment advisory fee is to be negotiated between you and your financialadvisor. If you hold Insight units or Insight shares or hold Class F, V, W or Y units or shares in PSS, the investmentadvisory fee must not exceed 1.5% annually and is calculated daily and paid monthly or quarterly. For Class W,WT5, WT8, V and Insight units and shares, we may have an arrangement to collect the investment advisory fee onyour financial advisor’s behalf by redeeming (without charges) a sufficient number of units or shares from youraccount five business days before the calendar quarter end. We also may have a similar arrangement with yourfinancial advisor for Class F units and shares. Where we collect the investment advisory fee on behalf of yourfinancial advisor, the investment advisory fee must not exceed 1.50% and, in the absence of instructions to thecontrary, will be presumed to be 1.50%. The collected investment advisory fee is then remitted by us on yourbehalf to your financial advisor. Investors in Class FT5, FT8, IT5, IT8, WT5 and WT8 units and shares also may becharged an investment advisory fee that is negotiated, charged and collected in the same manner as describedabove for Class F, I and W units and shares.

• Class I Account Agreement fee Investors in Class I, IT5 and IT8 units and shares are charged a management fee directly by us that is negotiatedbetween the investor and us.

• Replacement certificate(Corporate Class shares only) If you want to replace a certificate, you will pay a fee that is the greater of $250 and 4% of the market value of the

shares represented by the certificate.

• Administrative fees There is a $25 charge for all cheques returned because of insufficient funds.

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Impact of sales charges

• The table below shows the fees you would have to pay if you boughtunits or shares of a fund under our different purchase options. Itassumes that:

• you invest $1,000 in the fund for each period and sell all of your unitsor shares immediately before the end of that period;

• the sales charge under the initial sales charge option is 5%;• the redemption fee under a deferred sales charge option applies only

if you sell your units or shares before the deferred sales chargeschedule has expired. You can sell some of your standard deferredsales charge units or shares each year without paying the redemptionfee. See “Fees and expenses” starting on page 18 for the redemptionfee schedule; and

• you have not exercised your free redemption right under the standarddeferred sales charge option.

Class A, AT5, AT8, U and Z units and shares can be purchased only throughthe initial sales charge option or a deferred sales charge option. Class F,FT5, FT8, W, WT5, WT8, I, IT5, IT8, M, V, Y and Insight units and shares canbe purchased only through the no load option.

When you buy your 1 3 5 10 units or shares year years years years

Initial sales charge option

All funds $50.00 – – – –

Standard deferred sales charge option

All funds – $55.00 $50.00 $40.00 –

Low-load sales charge option

All Funds – $30.00 $20.00 – –

No load option

All funds n/a n/a n/a n/a n/a

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This section explains how we compensate your financial advisor whenyou invest in the funds.

Sales commissions

Your financial advisor may receive a commission when you buy Class A,AT5, AT8, U or Z units or shares of a fund. The amount of the commissiondepends on the fund and the purchase option you choose:

• up to 5% of the amount you invest when you buy units or shares of afund under the initial sales charge option. The commission is paid byyou and is deducted from your investment.

• 5% of the amount you invest when you buy units or shares under thestandard deferred sales charge option. The commission is not deductedfrom your investment - we pay your financial advisor directly.

• 2% of the amount you invest when you buy units or shares under thelow-load sales charge option. The commission is not deducted fromyour investment - we pay your financial advisor directly.

Transfer fees

You may have to pay your financial advisor a fee of up to 2% of the valueof the units or shares you are transferring or converting to a differentfund, which is deducted from the amount you transfer or convert byredeeming a sufficient number of units or shares. This fee does notapply to transfers and conversions that are part of the PSS program orthe automatic rebalancing service.

Investment advisory fees

When you invest in Class F, FT5, FT8, W, WT5, WT8, V, Y or Insight units or shares, you may be charged by your financial advisor an investmentadvisory fee for the services being provided to you by your financialadvisor. See “Fees and expenses” above.

Service fees

We pay financial advisors a service fee on Class A, AT5, AT8, U and Z unitsand shares for ongoing services they provide to investors, includinginvestment advice, account statements and newsletters. We do not payservice fees on Class F, FT5, FT8, W, WT5, WT8, M, V, Y or Insight units orshares. Service fees may be negotiated for Class I, IT5 and IT8 units andshares. No service fees are payable in respect of the Select StagingFund. The rate of the service fee depends on the type of fund and thepurchase option you choose:

The standard deferred sales charge service fee rate changes to theinitial sales charge service fee rate on the seventh anniversary of theinvestment.

The low-load sales charge service fee paid to financial advisors equalsthe standard deferred sales charge service fee rate for the first threeyears from the date of the investment and is changed to the initial salescharge service fee rate on the third anniversary of the investment.

The service fees are calculated monthly and payable monthly orquarterly based on the total client assets invested in Class A, AT5, AT8, U and Z units or shares of CI Funds held by all of a financial advisor’sclients throughout the month. We can change or cancel service fees atany time.

You may ask us to change the units or shares subject to your freeredemption right from deferred sales charge units to initial sales chargeunits. If you do this, we will pay your financial advisor the initial salescharge service fee from the date that we receive your change request.

Dealer compensation

Purchase option Annual service fee rate

Initial sales chargeSelect Staging Fund none

CI Money Market Fund, CI US Money Market Fund, CI Short-Term Corporate Class, CI Short-Term US$ Corporate Class and CI Short-Term Advantage Corporate Class up to 0.25%

All other Income / Specialty Funds (other than Select Income Advantage Managed Corporate Class), Signature Canadian Balanced Fund (Class Z units), Signature Select Canadian Fund (Class Z units) and Portfolio Series Income Fund up to 0.50%

Harbour Growth & Income Fund (Class Z units) up to 0.75%

All other funds (including Select Income AdvantageManaged Corporate Class) up to 1.00%

Deferred sales chargeCI Money Market Fund, CI US Money Market Fund, CI Short-Term Corporate Class, CI Short-Term US$ Corporate Class, Select Staging Fund and CI Short-Term Advantage Corporate Class none

All other Income / Specialty Funds (other than Select Income Advantage Managed Corporate Class), Harbour Growth & Income Fund (Class Z units), Signature Canadian Balanced Fund (Class Z units), Signature Select Canadian Fund (Class Z units) and Portfolio Series Income Fund up to 0.25%

All other funds (including Select Income Advantage Managed Corporate Class) up to 0.50%

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Co-operative marketing programs

We may reimburse your financial advisor for expenses incurred in sellingthe funds, including:

• advertising and other marketing expenses• educational and sales seminars attended by financial advisors or their

clients, and• other marketing programs.

We can change or cancel co-operative marketing programs at any time.

Dealer compensation from management fees

We paid financial advisors sales and service commissions equal to approximately 46.5% of the total management fees we receivedfrom the mutual funds we managed during the financial year endedDecember 31, 2009.

Disclosure of Equity Interests

Each of CI Investments Inc., Assante Capital Management Ltd., AssanteFinancial Management Ltd. and CI Fund Services Inc. is a subsidiary of CI Financial Corp. CI Financial Corp. is an independent, Canadian-ownedwealth management firm, the common shares of which are traded on theToronto Stock Exchange. An affiliate of each of Scotia Capital Inc.,Scotia Securities Inc., CPA Securities Inc., Integra Capital Corporationand Scotia Asset Management L.P. owns approximately 36% of thecommon shares of CI Financial Corp.

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This section is a summary of how Canadian federal income taxes canaffect your investment in a fund. It assumes that you:

• are an individual, other than a trust,• are a Canadian resident,• deal with the fund at arm’s length, and• hold your units or shares as capital property.

Everyone’s tax situation is different. You should consult your tax advisorabout your situation.

Corporate Classes

As a mutual fund corporation, CI Corporate Class Limited can have threetypes of income: Canadian dividends, taxable capital gains and other nettaxable income. Canadian dividends are subject to a 33 1/3% tax, whichis fully refundable at the rate of $1.00 for every $3.00 of ordinary taxabledividends paid by the corporation to its shareholders. Taxable capitalgains are subject to tax at full corporate income tax rates. This tax isrefundable either by paying capital gains dividends to shareholders orthrough the capital gains redemption formula. Other income is subject totax at full corporate income tax rates and is not refundable. Mutual fundcorporations do not qualify for reduced corporate tax rates that areavailable to other corporations for certain types of income and aresubject to provincial capital tax.

CI Corporate Class Limited must include the revenues, deductible expenses,and capital gains and losses of all of its investment portfolios when itcalculates its taxable income. We will allocate the taxes payable andrecoverable of CI Corporate Class Limited to each of its share classes. CI Corporate Class Limited may pay ordinary taxable dividends or capitalgains dividends to shareholders of any class in order to receive a refundof taxes on Canadian dividends and capital gains taxes under the refundmechanisms described above.

Trust Funds

In general, a trust fund pays no income tax as long as it distributes its netincome and net capital gains to its unitholders. The trust funds generallyintend to distribute enough of their net income and net realized capitalgains each year so they will not have to pay income tax.

How your investment can generate income

Your investment in a fund can generate income for tax purposes in two ways:

• Dividends and Distributions. When CI Corporate Class Limited earnsCanadian dividend income from its investments or realizes a capitalgain by selling securities, it may pass these amounts on to you asdividends. When any trust fund earns net income from its investmentsor realizes a net capital gain by selling securities, it may pass theseamounts on to you as a distribution.

• Capital gains (or losses). You can realize a capital gain (or loss) whenyou sell or transfer your units or shares of the fund for more (or less)than you paid for them. You will not realize a capital gain (or loss)when you convert shares of one Corporate Class to shares of anotherCorporate Class or when you change or convert units or shares of oneclass to units or shares of another class of the same fund.

Funds held in a registered plan

Shares of the Corporate Classes are qualified investments for registeredplans. Units of a trust fund are qualified investments for registered plans,provided the fund is either a “mutual fund trust” or is a “registeredinvestment” within the meaning of those terms in the Income Tax Act(Canada) (the “Income Tax Act”). Each of the trust funds currently qualifiesas a mutual fund trust and is expected to continue to qualify as a mutual fundtrust at all material times, or is a registered investment. For these purposes, a registered plan means a trust governed by a registered retirement savingsplan, a registered retirement income fund, a registered education savingsplan, a deferred profit sharing plan, a registered disability savings plan, or a tax-free savings account, all as defined in the Income Tax Act.

If you hold units or shares of a fund in a registered plan, you generally pay no tax on distributions or dividends paid from the fund on those units orshares or on any capital gains that your registered plan realizes from sellingor transferring units or shares. However, withdrawals from registered plans(other than TFSAs) are generally taxable at your personal tax rate.

Funds held in a non-registered account

If you hold units or shares of a fund in a non-registered account, youmust include the following in calculating your income each year:

• Any dividends paid to you by CI Corporate Class Limited whether youreceive them in cash or you reinvest them in shares of a CorporateClass. These dividends may include ordinary taxable dividends orcapital gains dividends. Ordinary taxable dividends are subject to thegross-up and dividend tax credit rules that apply to taxable dividendsreceived from taxable Canadian corporations and include “eligibledividends” which are subject to an enhanced gross-up and dividendtax credit. Capital gains dividends are treated as capital gains realizedby you. In general, you must include one-half of the amount of acapital gain in your income for tax purposes.

• Any net income and the taxable portion of any net capital gains(computed in Canadian dollars) distributed to you by any trust fund,whether you receive the distributions in cash or they are reinvested in units of the fund.

• The taxable portion of any capital gains you realize from selling yourunits or shares (including to pay fees described in this document) or transferring your units or shares (other than a transfer betweenCorporate Classes or a change or conversion between classes of thesame fund) when the value of the units or shares is greater than theiradjusted cost base plus reasonable costs of disposition (including anyredemption fees). If the value of units or shares sold is less than theiradjusted cost base plus reasonable costs of disposition (including anyredemption fees), you will have a capital loss. You may use capitallosses you realize to offset capital gains.

Income tax considerations for investors

3 0 - P A R T A

• Generally, the amount of any management fee rebates paid to you andthe amount of any management fee distributions paid to you out of atrust fund’s income.

We will issue a tax slip to you each year for CI Corporate Class Limited that shows the taxable amount of your dividends and any federal dividendtax credit that applies, as well as any capital gains dividends paid by CI Corporate Class Limited. We will also issue a tax slip to you each yearfor all trust funds that shows you how much of each type of income eachfund distributed to you and any return of capital. You can claim any taxcredits that apply to that income. For example, if distributions by a trustfund include Canadian dividend income or foreign income, you will qualifyfor tax credits to the extent permitted by the Income Tax Act.

Dividends and capital gains distributed by a trust fund, dividends paid by CI Corporate Class Limited and capital gains realized on the disposition ofunits or shares may give rise to alternative minimum tax.

You should consult your tax advisor about the tax treatment in your particularcircumstances of any investment advisory fees you pay to your financialadvisor when investing in the funds.

Distributions and dividends

Distributions from a fund may include a return of capital. When a trustfund earns less income for tax purposes than the amount distributed, the difference is a return of capital. As well, all regular monthly cashdistributions on T-Class Securities generally will be a return of capital. A return of capital is not taxable, but will reduce the adjusted cost baseof your units or shares. If the adjusted cost base of your units or sharesbecomes a negative amount at any time in a taxation year, you will bedeemed to realize a capital gain equal to that amount and the adjustedcost base of your units or shares will be reset to zero. The tax slip wewill issue to you each year will show you how much capital was returnedto you in respect of your units.

Distributions may include foreign exchange gains because the trust fundsare required to report income and net realized capital gains in Canadiandollars for tax purposes.

The history of dividends paid from a Corporate Class is no indication offuture dividend payments. Several factors determine the dividends to bepaid from a Corporate Class. These include, but are not limited to, netconversions, realized and unrealized gains, and distributions from theunderlying investments. CI Corporate Class Limited can choose to paydividends on shares of any class to ensure that dividends are allocatedfairly among the Corporate Classes.

The unit or share price of a fund may include income and capital gainsthat the fund has earned, but not yet realized (in the case of capitalgains) and/or paid out as a distribution or dividend. If you buy units orshares of a fund just before it makes a distribution or pays a dividend,you will be taxed on that distribution or dividend. You may have to paytax on income or capital gains the fund earned before you owned it. For example, if a fund distributes its net income and net capital gainsonce a year in December and you buy units or shares late in the year,you may have to pay tax on the net income and net capital gains itearned for the whole year. Some funds make quarterly or monthlydistributions. See the individual fund descriptions in Part B of thissimplified prospectus for the distribution policy of each fund.

The higher a fund’s portfolio turnover rate in a year, the greater thechance that you will receive a distribution or dividend from the fund.There is no necessary relationship between a fund’s turnover rate and its performance.

Calculating your capital gain or loss

Your capital gain or loss for tax purposes is the difference between theamount you receive when you sell or transfer your units or shares (afterdeducting any redemption fees or other charges) and the adjusted costbase of those units or shares.

Changing one class of units or shares to another class of units or sharesof the same fund or transferring between Corporate Classes will notresult in a disposition for tax purposes, so no capital gain or loss willarise, except to the extent that units or shares are redeemed to pay areclassification fee. If those redeemed units are held outside aregistered plan, you may realize a taxable capital gain.

In general, the adjusted cost base of each of your units or shares of aparticular class of a fund at any time equals:

• your initial investment for all your units or shares of that class of thefund (including any sales charges paid), plus

• your additional investments for all your units or shares of that class of the fund (including any sales charges paid), plus

• reinvested distributions, dividends or management fee distributions or rebates in additional units or shares of that class of the fund, minus

• any return of capital distributions by the fund in respect of units orshares of that class of the fund, minus

• the adjusted cost base of any units or shares of that class of the fundpreviously redeemed,

all divided by

• the number of units or shares of that class of the fund that you hold atthat time.

You should keep detailed records of the purchase cost of your investmentsand distributions and dividends you receive on those units or shares so youcan calculate their adjusted cost base. All amounts (including adjustedcost base, distributions, dividends and proceeds of disposition) must becomputed in Canadian dollars. Accordingly, you may realize a foreignexchange gain or loss if you invested in units or shares in U.S. dollars.Other factors may affect the calculation of the adjusted cost base and you may want to consult a tax advisor.

In certain situations where you dispose of units or shares of a fund andwould otherwise realize a capital loss, the loss will be denied. This mayoccur if you, your spouse or another person affiliated with you (including a corporation controlled by you) has acquired units or shares of the samefund (which are considered to be “substituted property”) within 30 daysbefore or after you dispose of your units or shares. In these circumstances,your capital loss may be deemed to be a “superficial loss” and denied. The amount of the denied capital loss will be added to the adjusted costbase to the owner of the units or shares which are substituted property.

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Securities legislation in some provinces gives you the right to withdrawfrom an agreement to buy mutual funds within two business days ofreceiving the simplified prospectus, or to cancel your purchase within 48 hours of receiving confirmation of your order.

Securities legislation in some provinces and territories also allows you to cancel an agreement to buy mutual fund units or shares and get yourmoney back, or to make a claim for damages, if the simplified prospectus,annual information form or financial statements misrepresent any factsabout the fund. These rights must usually be exercised within certaintime limits.

For more information, refer to the securities legislation of your provinceor territory or consult your lawyer.

What are your legal rights?

3 2 - P A R T A

CI features a broad range of mutual funds that span the world and cross allasset classes. Both Canadian and international markets are represented inthe fund portfolios which include a range of foreign equities, fixed incomesecurities and money market instruments.

In Part B of the simplified prospectus, you will find detailed descriptions ofeach of the funds. All of the descriptions are organized in the same way,under these headings:

Fund details

This section gives you a snapshot of the fund with information such asthe fund’s creation date, the classes of units or shares it offers and itseligibility for registered plans.

What does the fund invest in?

This section includes the fund’s fundamental investment objective andthe strategies it uses in trying to achieve its objective. Any change to theinvestment objective must be approved by a majority of votes cast at ameeting of unitholders or shareholders held for that reason.

Investing in underlying fundsAll of the funds (other than the Underlying Select Funds) may invest inunderlying funds, either directly or by gaining exposure to an underlyingfund through a derivative. Each Portfolio and each Managed Portfolioinvests only in underlying funds, though the proportions held variesbased on the risk and potential returns of the fund.

In selecting underlying funds, we assess a variety of criteria, including:

• management style• investment performance and consistency• risk tolerance levels• calibre of reporting procedures• quality of the manager and/or portfolio advisor.

We review and monitor the performance of the underlying funds in whichwe invest. The review process consists of an assessment of the underlyingfunds. Factors such as adherence to stated investment mandate, returns,risk adjusted return measures, assets, investment management process,style, consistency and continued portfolio fit may be considered. Thisprocess may result in suggested revisions to weightings of the underlyingfunds, the inclusion of new underlying funds or the removal of one or moreunderlying funds.

How the funds use derivativesA derivative is an investment that derives its value from another investment -called the underlying investment. This could be a stock, bond, currencyor market index. Derivatives usually take the form of a contract withanother party to buy or sell an asset at a later time. Some examples ofderivatives are options, futures and forward contracts.

All of the funds may use derivatives as permitted by securities regulations.They may use them to:

• hedge their investments against losses from factors like currencyfluctuations, stock market risks and interest rate changes

• invest indirectly in securities or financial markets, provided theinvestment is consistent with the fund’s investment objective.

When a fund uses derivatives for purposes other than hedging, it holdsenough cash or money market instruments to fully cover its position inthe derivative, as required by securities regulations.

How the funds engage in securities lending transactionsCertain funds may enter into securities lending transactions, repurchasetransactions and reverse repurchase transactions.

A securities lending transaction is where a fund lends portfolio securitiesthat it owns to a third party borrower. The borrower promises to returnto the fund at a later date an equal number of the same securities and topay a fee to the fund for borrowing the securities. While the securitiesare borrowed, the borrower provides the fund with collateral consistingof a combination of cash and securities. In this way, the fund retainsexposure to changes in the value of the borrowed securities whileearning additional fees.

A repurchase transaction is where a fund sells portfolio securities that itowns to a third party for cash and simultaneously agrees to buy back thesecurities at a later date at a specified price using the cash received bythe fund from the third party. While the fund retains its exposure tochanges in the value of the portfolio securities, it also earns fees forparticipating in the repurchase transaction.

A reverse repurchase transaction is where a fund purchases certaintypes of debt securities from a third party and simultaneously agrees tosell the securities back to the third party at a later date at a specifiedprice. The difference between the fund’s purchase price for the debtinstruments and the resale price provides the fund with additional income.

As indicated above, securities lending, repurchase and reverse repurchasetransactions enable the funds to earn additional income and therebyenhance their performance.

A fund will not enter into a securities lending transaction or a repurchasetransaction if, immediately thereafter, the aggregate market value of allsecurities loaned by the fund and not yet returned to it or sold by thefund in repurchase transactions and not yet repurchased would exceed50% of the total assets of the fund (exclusive of collateral held by thefund for securities lending transactions and cash held by the fund forrepurchase transactions). CI Global High Dividend Advantage Fund, CI Global High Dividend Advantage Corporate Class and CI Short-TermAdvantage Corporate Class have received permission from the Canadiansecurities regulators to increase the limit described above to 100% forsecurities lending. See “Investment Restrictions and Practices –Securities Lending” in the annual information form for additionalinformation.

Specific information about each of the mutual funds described in this document

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How the funds engage in short sellingCertain funds have received permission from the Canadian securitiesregulatory authorities to deviate from National Instrument 81-102 byselling securities short, by providing a security interest over fund assetsin connection with the short sales and by depositing fund assets withdealers as security in connection with such transactions. A short saleby a fund involves borrowing securities from a lender and selling thosesecurities in the open market (or selling short the securities). At a laterdate, the same number of securities are repurchased by that fund andreturned to the lender. In the interim, the proceeds from the first sale are deposited with the lender and the fund pays compensation to thelender on the borrowed securities. If the value of the securities declinesbetween the time that the fund borrows the securities and the time itrepurchases and returns the securities to the lender, the fund will make a profit for the difference (less any compensation the fund is required topay to the lender). Selling short provides the funds with more opportunitiesfor profits when markets are generally volatile or declining.

The funds will engage in short selling only within certain controls andlimitations. Securities will be sold short only for cash and the fund will receive the cash proceeds within normal trading settlement periodsfor the market in which the short sale is made. All short sales will be effected only through market facilities through which those securitiesnormally are bought and sold and a fund will short sell a security only if:(i) the security is listed and posted for trading on a stock exchange andthe issuer of the security has a market capitalization of not less than $100 million at the time the short sale is made or the portfolio managerhas pre-arranged to borrow securities for the purposes of such shortsale; or (ii) the security is a bond, debenture or other evidence ofindebtedness of or guaranteed by the Government of Canada or any province or territory of Canada or the Government of the U.S.A. At the time securities of a particular issuer are sold short by a fund, the aggregate market value of all securities of that issuer sold short will not exceed 5% of the total assets of the fund. The fund also willplace a “stop-loss” order (effectively a standing instruction) with adealer to immediately repurchase for the fund the securities sold short if the trading price of the securities exceeds 120% (or a lower percentagedetermined by us) of the price at which the securities were sold short.The aggregate market value of all securities sold short by a fund will notexceed 20% of its total assets on a daily marked-to-market basis.

Portfolio turnover rateEach fund may, from time to time, engage in trading which results in a portfolio turnover rate greater than 70%. The larger trading costsassociated with a high portfolio turnover rate would reduce the fund’sperformance.

What are the risks of investing in the fund?

This section shows the specific risks associated with an investment inthe fund. For an explanation of these risks, see “Types of risk” startingon page 2.

Who should invest in this fund?

This section tells you the type of investment portfolio or investor the fundmay be suitable for. This is meant as a general guide only. For adviceabout your own circumstances, you should consult your financial advisor.

Distribution policy

If a fund pays a dividend or other distribution, it will be paid in the samecurrency in which you hold your fund units or shares. Except as describedbelow, dividends and distributions are automatically reinvested withoutcharge in additional units or shares of the same fund unless you ask inwriting to have them invested in another mutual fund in the CI Funds family.You can ask to receive your dividends and distributions in cash for fundsyou hold in non-registered accounts. We may change the distribution policyat our discretion. For more information about dividends and distributions,see “Income tax considerations for investors” on page 29.

In addition to the dividends and distributions that will be paid to holders ofT-Class Securities at the same time that dividends and distributions are paidto holders of other classes of units or shares of the fund, holders of T-ClassSecurities will receive regular monthly cash distributions of their MonthlyAmount. We determine the Monthly Amount by multiplying the net assetvalue per share or unit of the class at the end of the previous calendar year (or, if no shares or units of the class were outstanding at the end of the previous calendar year, the date on which the shares or units are firstavailable for purchase in the current calendar year) by 5% for Class AT5shares, Class AT5 units, Class FT5 shares, Class FT5 units, Class IT5 sharesand Class WT5 shares, or by 8% for Class AT8 shares, Class AT8 units,Class FT8 shares, Class FT8 units, Class IT8 shares and Class WT8 shares,and dividing the result by 12. Each regular monthly cash distributiongenerally will constitute a tax-free return of capital. See “Income taxconsiderations for investors” above for additional information. All regularmonthly cash distributions on T-Class Securities will be paid in cash andinvestors do not have the option of requesting that such distributions bereinvested automatically in additional units or shares of the funds exceptunder the Flexible T-Class service. These regular monthly distributionsgenerally will be paid on or about the last business day of each month, but are not guaranteed to occur on a specific date and the funds are notresponsible for any fees or charges incurred by investors because thefunds did not effect a distribution on a particular day.

Fund expenses indirectly borne by investors

This section is an example of the expenses the fund pays on its classes ofunits or shares. The example is intended to help you compare the cost ofinvesting in the fund with the cost of investing in other mutual funds. While you do not pay these costs directly, they have the effect of reducingthe fund’s returns. It assumes that the management expense ratio, or MER,of the fund was the same throughout each period shown as it was duringthe last completed financial year. MERs (and therefore expenses paid bythe funds) are expected to increase as a result of the introduction of theHST. Investors in certain classes of units or shares are charged feesdirectly by their financial advisor or us that are not included in this section.For more information about fees and expenses, see “Fees and expenses”starting on page 18.

Expense information is not available for some classes because they do nothave an MER as described above if no units or shares of that class wereoutstanding on March 31, 2010.

3 4 - P A R T A

Some terms used in this simplified prospectus

We have written this document in plain language, but this simplifiedprospectus includes financial terms that may be new to you. This sectionexplains a number of these terms.

Asset-backed securities - bonds or other fixed income securities backedby assets such as real property, accounts receivable or mortgages. Theyare generally issued by lenders such as banks and credit card companiesand typically make regular payments.

Bonds - fixed income securities issued by governments and corporationsto finance their operations or pay for major projects. When you buy abond you are in effect lending money to the issuer. In return you receiveinterest payments and the face amount of the bond on a future datecalled the maturity date.

Commercial paper - short-term fixed income securities that generallymature in less than one year. They are generally issued by banks,corporations and other borrowers and are usually not backed by any assets.

Common share - an equity security representing part ownership in acompany. Common shares usually come with rights such as the right to vote at shareholder meetings.

Convertible securities - bonds, debentures or preferred shares that theowner may exchange for shares of the company.

Debentures - fixed income securities issued by a government orcorporation usually backed only by the general credit of the issuer.

Derivative - an investment that derives its value from another investment,which is called the underlying investment. This could be a stock, bond,currency or market index. Derivatives usually take the form of a contractwith another party to buy or sell an asset at a later time. Some examplesof derivatives are options, futures and forward contracts.

Equity securities - securities representing part ownership of a company.A typical example is common shares.

Equity-related securities - securities that behave like equity securities.They include warrants and convertible securities.

Fixed income securities - securities that generate interest or dividendincome, such as bonds, debentures, commercial paper, treasury bills and other money market instruments and preferred shares.

Forward contract - an agreement for the future delivery or sale of aforeign currency, commodity or other asset, with the price set at the time the agreement is made.

Futures contract - similar to a forward contract, except that it is astandardized contract traded on a futures exchange. The price is setthrough the exchange.

Maturity - the date on which a fixed income security repays the faceamount of the investment. Also known as the date the security comes due.

Money market instruments - short-term fixed income securities thatmature in less than a year. They include government treasury bills,commercial paper and bankers’ acceptances.

Mortgage-backed securities - a type of fixed income security that givesyou an interest in a pool of residential mortgages. They make monthlypayments consisting of interest and a share of the principal of theunderlying mortgages.

Options - the right, but not the obligation, to buy or sell specific securitiesor properties at a specified price within a specified time.

Preferred share - a security that usually entitles the owner to a fixeddividend ahead of a company’s common shares and to a maximum stateddollar value per share if the company is dissolved.

Swap - an agreement to exchange principal amounts of a security or toreceive cash payments or an underlying asset based on the value, levelor price, or change in value, level or price, of the underlying asset.

CIPARTAPRO-07/10E

CI Investments Inc.2 Queen Street EastTwentieth FloorToronto, OntarioM5C 3G7

You can find additional information about each fund in the annualinformation form, management reports of fund performance and financial statements. These documents are incorporated by referenceinto this simplified prospectus. That means they legally form part of this document just as if they were printed in it.

You can get a copy of these documents at your request and at no cost,by calling 1-800-268-9374 or by e-mailing [email protected], or by askingyour financial advisor.

These documents and other information about the funds, such asinformation circulars and material contracts, are also available at the CI Investments website at www.ci.com or at www.sedar.com.

Cambridge FundsCI FundsHarbour FundsPortfolio SeriesSignature FundsSynergy FundsPortfolio Select Series

PART B - Fund Specific Information

Equity FundsHarbour Fund (Class A, F and I units) · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 1Harbour Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 3

Harbour Foreign Equity Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 5

Balanced FundsHarbour Foreign Growth & Income Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 7

Harbour Growth & Income Fund (Class A, F and I units) · · · · · · · · · · · · · · · · · · · · · · · · 9Harbour Growth & Income Corporate Class (A, AT5, AT8, F, FT5, FT8, I, IT5 and IT8 shares) · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 11

Harbour FundsSimplified Prospectus | dated July 14, 2010 | Part B

No securities regulatory authority has expressed an opinion about these units andshares. It is an offence to claim otherwise.

1 - P A R T B

This document provides specific information about the Harbour Fund. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and the document that providedgeneral information about the CI Funds together constitute the simplified prospectus.

CIG-

690


Investment objectiveThis fund’s objective is to obtain maximum long-termcapital growth.

It invests primarily in equity and equity-related securitiesof high-quality, large and mid-capitalization Canadiancompanies that the portfolio advisor believes have goodpotential for future growth.

Any change to the investment objective must beapproved by a majority of votes cast at a meeting of unitholders held for that reason.

Investment strategiesThe portfolio advisor may use techniques such asfundamental analysis to assess growth potential. This means evaluating the financial condition andmanagement of each company, its industry and the overall economy. As part of this evaluation, the portfolio advisor:• analyzes financial data and other information

sources• assesses the quality of management• conducts company interviews, where possible.

When deciding to buy or sell an investment, theportfolio advisor considers whether the investment is a good value relative to its current price.

The portfolio advisor may also choose to invest thefund’s assets in foreign securities. It is currentlyexpected that investments in foreign securities willgenerally be no more than 49% of the fund’s assets.

The portfolio advisor may also choose to: • use warrants and derivatives such as options,

futures, forward contracts and swaps to:– hedge against losses from changes in the

prices of the fund’s investments and fromexposure to foreign currencies

– gain exposure to individual securities andmarkets instead of buying the securities directly.

The fund will only use derivatives as permitted bysecurities regulations (see “What does the fund investin?” on page 32 in Part A of the simplified prospectus).• enter into securities lending transactions, repurchase

transactions and reverse repurchase transactions, tothe extent permitted by the securities regulations, toearn additional income for the fund (see “What doesthe fund invest in?” on page 32 in Part A of thesimplified prospectus)

• temporarily hold cash or fixed income securities forstrategic reasons.

The fund may from time to time invest a portion of theassets in securities of other mutual funds (see “Whatdoes the fund invest in?” on page 32 in Part A of thesimplified prospectus).

The fund also may engage in short selling. In determiningwhether securities of a particular issuer should besold short, the portfolio advisor uses the sameanalysis that is described above for deciding whetherto purchase the securities. The fund will engage inshort selling as a complement to the fund’s currentprimary discipline of buying securities with theexpectation that they will appreciate in market value.The fund is permitted to engage in short selling as aresult of special relief it obtained from the Canadiansecurities regulators. For a more detailed descriptionof short selling and the limits within which the fundmay engage in short selling, please refer to “Specificinformation about each of the mutual funds describedin this document” on page 32 in Part A of thesimplified prospectus.


Since the fund invests primarily in equity securities ofCanadian companies, it is affected by equity risk in theCanadian market.

If the fund invests in foreign securities, fixed incomesecurities or uses derivatives, that portion of its assetsmay also be affected by: • class risk• credit risk• currency risk• derivatives risk• foreign investment risk• interest rate risk.

To the extent that the fund enters into securitieslending transactions, repurchase transactions orreverse repurchase transactions, the fund also hassecurities lending risk. If the fund engages in shortselling, the fund also has short selling risk.

As of July 2, 2010, an investor owned approximately10.51% of the outstanding units of the fund, whichresults in large redemption risk.

You will find an explanation of each risk on page 2 in Part A of the simplified prospectus.


This fund may be suitable for you if:• you want a core Canadian equity fund for your

portfolio• you are investing for the medium and/or long term• you can tolerate medium risk.

If you are investing outside a registered plan andwould like to invest in a fund that allows you to defertax on capital gains, you should consider investing inHarbour Corporate Class.

Fund type

Canadian equity fund

Date created

June 27, 1997

Type of securities

Class A, F and I units of amutual fund trust

Registered plan eligibility

Eligible

Portfolio advisor

CI Investments Inc.

Harbour Fund

Fund details

2 - P A R T B

This document provides specific information about the Harbour Fund. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and the document that providedgeneral information about the CI Funds together constitute the simplified prospectus.

H A R B O U R F U N D

Distribution policy

The fund expects to distribute any net income and net capital gains eachDecember.


You do not pay the fund’s expenses directly, but they will reduce the fund’sreturns. This table shows the expenses the fund would pay on a $1,000investment with a 5% annual return.

Fees and expenses payable over 1 year 3 years 5 years 10 years

($) ($) ($) ($)

Class A 23.67 74.62 130.80 297.73

Class F 12.91 40.70 71.34 162.40

Class I 0.00 0.00 0.00 0.00

3 - P A R T B

This document provides specific information about the Harbour Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and the documentthat provides general information about the CI Funds together constitute the simplified prospectus.


Investment objectiveThis fund’s objective is to obtain maximum long-termcapital growth.

It invests primarily in equity and equity-related securitiesof high-quality, large and mid-capitalization Canadiancompanies that the portfolio advisor believes have goodpotential for future growth.

Any change to the investment objective must beapproved by a majority of votes cast at a meeting of shareholders held for that reason.

Investment strategiesThe portfolio advisor may use techniques such asfundamental analysis to assess growth potential. This means evaluating the financial condition andmanagement of each company, its industry and theoverall economy. As part of this evaluation, theportfolio advisor:• analyzes financial data and other information sources• assesses the quality of management• conducts company interviews, where possible.

When deciding to buy or sell an investment, the portfolioadvisor considers whether the investment is a good valuerelative to its current price.


The portfolio advisor may also choose to:• use warrants and derivatives such as options,

futures, forward contracts and swaps to:• hedge against losses from changes in the

prices of the fund’s investments and from exposure to foreign currencies

• gain exposure to individual securities and markets instead of buying the securities directly.


transactions and reverse repurchase transactions, tothe extent permitted by the securities regulations, toearn additional income for the fund (see “What doesthe fund invest in?” on page 32 in Part A of thesimplified prospectus)

• temporary hold cash or fixed income securities forstrategic reasons.


The fund also may engage in short selling. In determiningwhether securities of a particular issuer should be soldshort, the portfolio advisor uses the same analysis that is described above for deciding whether to purchase the securities. The fund will engage in short selling as a complement to the fund’s current primary discipline of buying securities with the expectation that they willappreciate in market value. The fund is permitted toengage in short selling as a result of special relief itobtained from the Canadian securities regulators. For a more detailed description of short selling and the limitswithin which the fund may engage in short selling, pleaserefer to “Specific information about each of the mutualfunds described in this document” on page 32 in Part A of the simplified prospectus.


Since the fund invests primarily in equity securities ofCanadian companies, it is affected by equity risk in theCanadian market.

If the fund invests in foreign securities, fixed incomesecurities or uses derivatives, that portion of its assetsmay also be affected by:• credit risk• currency risk• derivatives risk• foreign investment risk• interest rate risk.

To the extent that the fund enters into securities lendingtransactions, repurchase transactions or reverserepurchase transactions, the fund also has securitieslending risk. If the fund engages in short selling, the fundalso has short selling risk.

The fund also has share class risk and large redemptionrisk.

You will find an explanation of each risk on page 2 inPart A of the simplified prospectus.


This fund may be suitable for you if:• you want a core Canadian equity fund

for your portfolio• you are investing for the medium and/or long term• you can tolerate medium risk.

This fund is best suited for investors who are investingoutside of a registered plan and want the flexibility ofrebalancing their portfolio without realizing capital gains.

Fund type

Canadian equity fund

Date created

June 27, 1997

Type of securities

Class A, AT5, AT8, F, FT5, FT8,I, IT5 and IT8 shares of amutual fund corporation


Eligible

Portfolio advisor

CI Investments Inc.

HarbourCorporate Class

Fund details

CIG-

2300

4 - P A R T B

This document provides specific information about the Harbour Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and the documentthat provides general information about the CI Funds together constitute the simplified prospectus.

H A R B O U R C O R P O R AT E C L A S S

Class AT5, AT8, FT5, FT8, IT5 and IT8 shares are suitable for investors who are investing outside of a registered plan and are seeking regular tax-efficient monthly distributions. These classes of shares cannot bepurchased by investors who are investing through a registered plan.

Distribution policy

The fund expects to pay ordinary taxable dividends and capital gainsdividends, if any, annually.

In addition, holders of Class AT5, AT8, FT5, FT8, IT5 and IT8 shares willreceive regular monthly cash distributions. See “Specific informationabout each of the mutual funds described in this document – Distributionpolicy” on page 33 in Part A of the simplified prospectus.



Fees and expenses payable over1 year 3 years 5 years 10 years

($) ($) ($) ($)

Class A 24.08 75.92 133.06 302.89

Class AT5 24.08 75.92 133.06 302.89

Class AT8 24.08 75.92 133.06 302.89

Class F 13.32 42.00 73.61 167.56

Class FT5 13.32 42.00 73.61 167.56

Class FT8 13.32 42.00 73.61 167.56

Class I 0.41 1.29 2.26 5.16

Class IT5 0.41 1.29 2.26 5.16

Class IT8 0.41 1.29 2.26 5.16

5 - P A R T B

This document provides specific information about the Harbour Foreign Equity Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document andthe document that provides general information about the CI Funds together constitute the simplified prospectus.


Investment objectiveThis fund’s objective is to obtain long-term capitalgrowth consistent with the preservation of capital.

It invests primarily in equity and equity-related securitiesof large and mid-capitalization companies around theworld that the portfolio advisor believes have goodpotential for future growth and are attractively priced.The fund will make investments chiefly in leadingindustrialized nations and may from time to time invest in emerging markets.


Investment strategiesThe portfolio advisor may use techniques such asfundamental analysis to assess growth potential. This means evaluating the financial condition andmanagement of each company, its industry and theoverall economy. As part of this evaluation, theportfolio advisor:• analyzes financial data and other information sources• assesses the quality of management• conducts company interviews, where possible.

When deciding to buy or sell an investment, the portfolioadvisor also considers whether the investment is a goodvalue relative to its current price.


futures, forward contracts and swaps to:• hedge against losses from changes in the

prices of the fund’s investments and from exposure to foreign currencies

• gain exposure to individual securities and markets instead of buying the securities directly.

The fund will only use derivatives as permitted bysecurities regulations (see “What does the fund investin?” on page 32 in Part A of the simplified prospectus.)• enter into securities lending transactions, repurchase

transactions and reverse repurchase transactions, tothe extent permitted by the securities regulations, toearn additional income for the fund (see “What doesthe fund invest in?” on page 32 in Part A of thesimplified prospectus.)

• temporarily hold cash or cash-equivalent securitiesfor strategic reasons.




Since the fund invests in equity securities ofcompanies anywhere in the world, it is affected by the following risks:• currency risk• equity risk• foreign investment risk.

If the fund invests in emerging markets or emergingindustries or fixed income securities, uses derivatives,or engages in securities lending, repurchase orreverse repurchase transactions, that portion of itsassets may also be affected by:• class risk• credit risk• derivatives risk• interest rate risk• liquidity risk• securities lending risk.

If the fund engages in short selling, the fund also hasshort selling risk.



This fund may be suitable for you if:• you want a core foreign equity fund for your portfolio• you are investing for medium and/or long term• you can tolerate medium risk.

This fund is best suited for investors who are investingoutside of a registered plan and want the flexibility ofrebalancing their portfolio without realizing capitalgains.

Fund type

Global equity fund

Date created

December 31, 2001

Type of securities



Eligible

Portfolio advisor

CI Investments Inc.

Harbour Foreign EquityCorporate Class

Fund details

CIG-

013

6 - P A R T B

This document provides specific information about the Harbour Foreign Equity Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document andthe document that provides general information about the CI Funds together constitute the simplified prospectus.

H A R B O U R F O R E I G N E Q U I T Y C O R P O R AT E C L A S S

Class AT5, AT8, FT5, FT8, IT5 and IT8 shares are suitable for investors whoare investing outside of a registered plan and are seeking regular tax-efficient monthly distributions. These classes of shares cannot bepurchased by investors who are investing through a registered plan.

Distribution policy






($) ($) ($) ($)

Class A 24.29 76.56 134.20 305.47

Class AT5 24.29 76.56 134.20 305.47

Class AT8 24.29 76.56 134.20 305.47

Class F 13.53 42.64 74.74 170.13

Class FT5 13.53 42.64 74.74 170.13

Class FT8 13.53 42.64 74.74 170.13

Class I 0.41 1.29 2.26 5.16

Class IT5 Not available


7 - P A R T B

This document provides specific information about the Harbour Foreign Growth & Income Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. Thisdocument and the document that provides general information about the CI Funds together constitute the simplified prospectus.


Investment objectiveThis fund’s objective is to obtain long-term total return through a prudent balance of income andcapital appreciation.

It invests primarily in equity and equity-related securitiesand fixed income securities and fixed income securitiesof issuers located throughout the world. The fund is notlimited to how much it invests in a country or asset classor keeps invested in each asset class. This will varyaccording to market conditions.


Investment strategiesThe portfolio advisor may use techniques such asfundamental analysis to assess growth and valuepotential. This means evaluating the financialcondition and management of each company, itsindustry and the overall economy. As part of thisevaluation, the portfolio advisor:• analyzes financial data and other information sources• assesses the quality of management• conducts company interviews, where possible.


For the fixed income portion of the fund, the portfolioadvisor may also analyze:• the yield curve• expected changes in interest rates• credit ratings and credit risk• the issuer’s ability to generate enough cash to

service debt and reinvest in its business over thelong term.


futures, forward contracts and swaps to:– hedge against losses from changes in the prices

of the fund’s investments and from exposure toforeign currencies



transactions and reverse repurchase transactions, tothe extent permitted by the securities regulations, toearn additional income for the fund (see “What doesthe fund invest in?” on page 32 in Part A of thesimplified prospectus).





Since the fund invests in a mix of equity and fixedincome securities, it is affected by the following risks:• credit risk• currency risk• equity risk• foreign investment risk• interest rate risk.

To the extent that the fund enters into securities lendingtransactions, repurchase transactions or reverserepurchase transactions and derivatives, the fund alsohas securities lending risk, liquidity risk and derivativesrisk. If the fund engages in short selling, the fund alsohas short selling risk.

As of July 2, 2010, an investor owned approximately29.77% of the outstanding shares of the fund, whichresults in large redemption risk.

The fund also has a share class risk.



This fund may be suitable for you if:• you want both equity and fixed income securities

in a single fund and prefer to have the portfolioadvisor make the asset mix decisions

• you are investing for the medium and/or long term• you can tolerate medium risk.

This fund is best suited for investors who are investingoutside of a registered plan and want the flexibility ofrebalancing their portfolio without realizing capital gains.

Fund type

Global balanced fund

Date created

December 23, 2002

Type of securities



Eligible

Portfolio advisor

CI Investments Inc.

Harbour Foreign Growth& IncomeCorporate Class

Fund details

CIG-

2309

8 - P A R T B

This document provides specific information about the Harbour Foreign Growth & Income Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. Thisdocument and the document that provides general information about the CI Funds together constitute the simplified prospectus.

H A R B O U R F O R E I G N G R O W T H & I N C O M E C O R P O R AT E C L A S S


Distribution policy






($) ($) ($) ($)

Class A 24.49 77.21 135.33 308.05

Class AT5 24.49 77.21 135.33 308.05

Class AT8 24.49 77.21 135.33 308.05

Class F 13.73 43.29 75.87 172.71

Class FT5 Not available

Class FT8 Not available

Class I 0.61 1.94 3.40 7.73

Class IT5 0.61 1.94 3.40 7.73


9 - P A R T B

This document provides specific information about the Harbour Growth & Income Fund. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and thedocument that provided general information about the CI Funds together constitute the simplified prospectus.

CIG-

691


Investment objectiveThis fund’s objective is to obtain long-term total returnthrough a prudent balance of income and capitalappreciation.

It invests primarily in equity and equity-related securitiesof mid- to large capitalization Canadian companies andfixed income securities issued by Canadian governmentsand companies. The proportion of the fund’s assetsinvested in equity and fixed income securities may varyaccording to market conditions.


Investment strategiesThe portfolio advisor may use techniques such asfundamental analysis to assess growth and valuepotential. This means evaluating the financialcondition and management of each company, itsindustry and the overall economy. As part of thisevaluation, the portfolio advisor:• analyzes financial data and other information

sources• assesses the quality of management• conducts company interviews, where possible.



When deciding to buy or sell an investment, theportfolio advisor considers whether the investment is a good value relative to its current price.



futures, forward contracts and swaps to:– hedge against losses from changes in the prices

of the fund’s investments and from exposure toforeign currencies


The fund will only use derivatives as permitted bysecurities regulations (see “What does the fund investin?” on page 32 in Part A of the simplified prospectus).• enter into securities lending transactions,

repurchase transactions and reverse repurchasetransactions, to the extent permitted by thesecurities regulations, to earn additional income forthe fund (see “What does the fund invest in?” onpage 32 in Part A of the simplified prospectus).



The fund also may engage in short selling. In determiningwhether securities of a particular issuer should besold short, the portfolio advisor uses the sameanalysis that is described above for deciding whetherto purchase the securities. The fund will engage inshort selling as a complement to the fund’s currentprimary discipline of buying securities with theexpectation that they will appreciate in market value.The fund is permitted to engage in short selling as aresult of special relief it obtained from the Canadiansecurities regulators. For a more detailed descriptionof short selling and the limits within which the fundmay engage in short selling, please refer to “Specificinformation about each of the mutual funds describedin this document” on page 32 in Part A of thesimplified prospectus.


Since the fund invests in a mix of equity and fixedincome securities, it is affected by the following risks:• class risk• credit risk• equity risk• interest rate risk.

If the fund invests in foreign securities or usesderivatives, that portion of its assets may also be affected by: • currency risk• derivatives risk• foreign investment risk.

To the extent that the fund enters into securitieslending transactions, repurchase transactions orreverse repurchase transactions, the fund also hassecurities lending risk. If the fund engages in shortselling, the fund also has short selling risk.

Fund type

Canadian balanced fund

Date created

June 27, 1997

Type of securities

Class A, F and I units of amutual fund trust


Eligible

Portfolio advisor

CI Investments Inc.

Harbour Growth& Income Fund

Fund details

1 0 - P A R T B

This document provides specific information about the Harbour Growth & Income Fund. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and thedocument that provided general information about the CI Funds together constitute the simplified prospectus.

H A R B O U R G R O W T H & I N C O M E F U N D

As of July 2, 2010, two investors owned approximately 29.34% and 11.06%,respectively, of the outstanding units of the fund, which results in largeredemption risk.

You will find an explanation of each risk on page 2 in Part A of thesimplified prospectus.


This fund may be suitable for you if:• you want both equity and fixed income securities in a single fund

and prefer to have the portfolio advisor make the asset mix decisions• you are investing for the medium and/or long term• you can tolerate medium risk.

If you are investing outside a registered plan and would like to invest in a fund that allows you to defer tax on capital gains, you should considerinvesting in Harbour Growth & Income Corporate Class.

Distribution policy

The fund expects to distribute any net income and net capital gains eachDecember.




($) ($) ($) ($)

Class A 23.67 74.62 130.80 297.73

Class F 12.91 40.70 71.34 162.40

Class I 0.00 0.00 0.00 0.00

1 1 - P A R T B

This document provides specific information about the Harbour Growth & Income Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This documentand the document that provides general information about the CI Funds together constitute the simplified prospectus.

CIG-

2303


Investment objectiveThis fund’s objective is to obtain long-term total returnthrough a prudent balance of income and capitalappreciation.

It invests primarily in equity and equity-related securitiesof mid- to large capitalization Canadian companies andfixed income securities issued by Canadian governmentsand companies. The proportion of the fund’s assetsinvested in equity and fixed income securities may varyaccording to market conditions.


Investment strategiesThe portfolio advisor may use techniques such asfundamental analysis to assess growth and valuepotential. This means evaluating the financialcondition and management of each company, itsindustry and the overall economy. As part of thisevaluation, the portfolio advisor:• analyzes financial data and other information sources• assesses the quality of management• conducts company interviews, where possible.






futures, forward contracts and swaps to:– hedge against losses from changes in the

prices of the fund’s investments and fromexposure to foreign currencies



transactions and reverse repurchase transactions, tothe extent permitted by the securities regulations, toearn additional income for the fund (see “What doesthe fund invest in?” on page 32 in Part A of thesimplified prospectus).





Since the fund invests in a mix of equity and fixedincome securities, it is affected by the following risks:• credit risk• equity risk• interest rate risk.

If the fund invests in foreign securities or usesderivatives, that portion of its assets may also beaffected by:• currency risk• derivatives risk• foreign investment risk.

To the extent that the fund enters into securities lendingtransactions, repurchase transactions or reverserepurchase transactions, the fund also has securitieslending risk. If the fund engages in short selling, the fundalso has short selling risk.

The fund also has share class risk and largeredemption risk.


Fund type

Canadian balanced fund

Date created

July 28, 2006

Type of securities



Eligible

Portfolio advisor

CI Investments Inc.

Harbour Growth& IncomeCorporate Class

Fund details

1 2 - P A R T B

This document provides specific information about the Harbour Growth & Income Corporate Class. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This documentand the document that provides general information about the CI Funds together constitute the simplified prospectus.

H A R B O U R G R O W T H & I N C O M E C O R P O R AT E C L A S S


This fund may be suitable for you if:• you want both equity and fixed income securities in a single fund

and prefer to have the portfolio advisor make the asset mix decisions• you are investing for the medium and/or long term• you can tolerate medium risk.

This fund is best suited for investors who are investing outside of aregistered plan and want the flexibility of rebalancing their portfolio without realizing capital gains.


Distribution policy






($) ($) ($) ($)

Class A 23.67 74.62 130.80 297.73

Class AT5 23.67 74.62 130.80 297.73

Class AT8 23.67 74.62 130.80 297.73

Class F 12.91 40.70 71.34 162.40

Class FT5 12.91 40.70 71.34 162.40

Class FT8 12.91 40.70 71.34 162.40

Class I 0.00 0.00 0.00 0.00

Class IT5 0.00 0.00 0.00 0.00

Class IT8 0.00 0.00 0.00 0.00

This document provides specific information about the Harbour Funds. It should be read in conjunction with the rest of the simplified prospectus of the CI Funds dated July 14, 2010. This document and the documentthat provided general information about the CI Funds together constitute the simplified prospectus.

HARBOUR_PROS-07-10E

2 Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I www.ci.comHead Office / Toronto416-364-1145 1-800-268-9374

Calgary 403-205-43961-800-776-9027

Montreal 514-875-00901-800-268-1602

Vancouver 604-681-33461-800-665-6994

Client Services English: 1-800-563-5181French: 1-800-668-3528

CI Investments Inc.2 Queen Street EastTwentieth FloorToronto, OntarioM5C 3G7

You can find additional information about each fund in its annual informationform, management reports of fund performance and financial statements.These documents are incorporated by reference into this simplifiedprospectus. That means they legally form part of this document just as if theywere printed in it.

You can get a copy of these documents at your request and at no cost, bycalling 1-800-268-9374 or by emailing [email protected], or by asking yourfinancial advisor.

These documents and other information about the funds, including informationcirculars and material contracts, are also available at the CI Investments Inc.website at www.ci.com or at www.sedar.com.

Harbour Funds

2010 Simplified Prospectus – dated July 14, 2010€¦ · 2010 Simplified Prospectus – dated...

Documents

Transcript of 2010 Simplified Prospectus – dated July 14, 2010€¦ · 2010 Simplified Prospectus – dated...