EARNING SUSTAINABLE YIELD Bob Swanson Principal & Portfolio Manager Cambridge Global Asset Management October 2013

WHEN ECONOMIES RECOVER … Source: Factset Composite index of 10 leading indicators

RATES SHOULD GO HIGHER Source: Factset U.S. 10-year Treasury yield

WHEN RATES GO HIGHER … “SAFE ASSETS” BECOME LESS SAFE Year-to-date returns to August 28, 2013 Source: Factset

AND EQUITIES BENEFIT Year-to-date returns to August 30: *Year-to-date to August 28, 2013 Source: Factset, Bloomberg

THE BEGINNING OF THE GREAT ROTATION? THIS WILL SUPPORT EQUITY PRICES Source: EPFR Global, Citi Research

OVERWEIGHT EQUITIES/UNDERWEIGHT INCOME SUBSTITUTES ACROSS ALL INCOME- ORIENTED MANDATES High Income FundAsset Allocation Fund Global Dividend Fund Bonds (investment-grade, high-yield, convertibles)1890 Preferreds240 Real assets – REITs and infrastructure (includes pipes, telcos, utilities) Total income instruments38240 Equities Total equities Cash Total100 Current positioning: Source: CI Investments, August 30, 2013

GEOGRAPHIC DIVERSIFICATION WITH SIGNIFICANT EXPOSURE OUTSIDE CANADA Cambridge Canadian Asset Allocation Corporate Class: Cambridge Global Dividend Fund: Cambridge High Income Fund: Source: CI Investments

WHEN INVESTORS ARE CAUTIOUS, DIVIDEND STOCKS DO BEST Source: Factset

IT’S HAPPENING GLOBALLY Source: FactSet

MORE DIVIDEND OPPORTUNITIES EXIST OUTSIDE CANADA # of companies Number of companies with consecutive years of dividend growth Source: Factset

DIVIDEND GROWERS ARE THE BIG WINNERS Source: Ned Davis Research

AND PAYOUT RATIOS ARE LOW SO DIVIDENDS HAVE ROOM TO GROW

A SOURCE OF INFLATION PROTECTION: 3M – 54 YEARS OF CONSISTENT DIVIDEND GROWTH Source: FactSet Fundamentals

BENEFITS OF DIVIDEND GROWTH Lower volatility Attractive total returns Income growth over time – inflation protection

CAMBRIDGE GLOBAL DIVIDEND FUND Seeks stable companies with consistent performance Focus on dividend growing companies Global diversification Active currency management to mitigate exchange rate risk and reduce volatility A reliable source of monthly income when purchased in the trust structure

GEOGRAPHIC AND SECTOR DIVERSIFICATION Sector allocation:Geographic allocation: Source: CI Investments As at August 30, 2013:

FUND CHARACTERISTICS Cambridge Global Dividend Top holdings as of August 31, 2013 Roche Holding4.5% Croda International4.4% Volkswagen4.0% Modern Times Group3.4% Johnson & Johnson3.2% Brinker3.0% Smith & Nephew2.9% Becton Dickinson2.9% Ahold2.9% Cap Gemini2.7% Total33.9% Source: CI Investments

CONSISTENT OUTPERFORMANCE WITH CAMBRIDGE Year-to-date1 year20123 year5 yearSince inception Cambridge Canadian Asset Allocation Corporate Class11.7%14.3%3.5%9.8%4.4%4.5%* Cambridge Income Fund6.5%8.4%n/a 6.8%*** Cambridge High Income4.1%7.0%6.2%8.7%7.5%10.1%**** Cambridge Canadian Equity Corporate Class17.1%25.5%16.7%16.1%6.3%6.6%* Cambridge Global Equity Corporate Class19.8%26.0%15.1%12.4%4.0%4.9%* Cambridge Canadian Growth Companies Fund25.0%41.5%40.5%n/a 27.0%† Cambridge American Equity Corporate Class**25.1%28.1%8.2%13.5%3.4%-4.2%** Source: RBC Dexia, August 31, 2013 *December 31, 2007 ***January 9, 2012 ****July 2, 2004 †February 15, 2011 **Cambridge Global Asset Management took over management of Cambridge American Equity Corporate Class in June 2011, inception date of fund is February 24, 2000**

Fund Fund Code Assets (million) Foreign Content Cambridge Canadian Equity Corporate ClassCIG2321$2,461.7maximum 49% Cambridge Canadian Asset Allocation Corporate ClassCIG2322$1,141.9maximum 49% Cambridge Global Equity Corporate ClassCIG2323$1,158.5no restrictions Cambridge Income Corporate ClassCIG2261$423.4no restrictions Cambridge Income FundCIG635$168.7no restrictions Cambridge High Income FundCIG6803$476.1no restrictions Cambridge American Equity Corporate Class*CIG294$508.0no restrictions Cambridge American Equity Fund* CIG 212$152.0no restrictions Cambridge Canadian Growth Companies FundCIG11108$365.5maximum 49% Cambridge Canadian Pure FundCIG11109$47.4maximum 10% * Effective June 5, 2011 funds were renamed from CI American Equity Corporate Class and CI American Equity Fund. Source: RBC Dexia at August 31, 2013 CAMBRIDGE OFFERS A VARIETY OF MANDATES

EXPANDING THE CAMBRIDGE TEAM

FROM $2 BILLION TO $8 BILLION IN JUST TWO YEARS Added two Canadian equity mandates that are now two of the best performing funds in Canada Launched Cambridge Income Fund and subsequently adopted Cambridge High Income Fund to satisfy investor demand for income Added numerous mandates outside of Canada to diversify asset base including Cambridge American Equity Fund and Cambridge Global Dividend Fund Expanded the team, which now consists of nine members Successful on the macro and micro level – Bonds vs. equities – Commodities – U.S. equity market

Thank you FOR ADVISOR USE ONLY Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Cambridge Global Asset Management is a business name of CI Investments Inc. used in connection with its subsidiary, CI Global Investments Inc. Certain portfolio managers of Cambridge Global Asset Management are registered with CI Investments Inc.