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issued by Sun Life Assurance Company of Canadamanaged by CI Investments Inc.
Sun Life Assurance Company of Canada
Fund Fact Sheets and Financial Highlights
April 2007Including SunWise® Elite Plus
SunWise Elite CI Global Fund Inception Date: October 31, 2005
F-1
Investment Objectives of the Segregated Fund
To obtain maximum long term capital growth by obtaining exposureprimarily to equity and equity-related securities of issuers located anywherein the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Global Fund
Investment Objective of the Underlying Fund
To obtain maximum long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of establishedcompanies throughout the world that the portfolio advisor believes havegood growth potential. The Underlying Fund may make large investmentsin any country, including emerging markets or emerging industries of anymarket.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Microsoft Corp. .....................................................................................2.2%Everest Re Group Ltd............................................................................1.5%Alstom RGPT.........................................................................................1.4%Commerzbank AG .................................................................................1.3%Endurance Specialty Holdings Ltd. ......................................................1.3%Atlas Copco AB.....................................................................................1.2%Petroleum Geo-Services ASA ..............................................................1.2%ABB Ltd..................................................................................................1.2%GEA Group AG ......................................................................................1.2%Sandvik AB............................................................................................1.1%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 14.9 – – – 16.7Class B 15.3 – – – 16.1Class C 16.0 – – – 17.2MSCI World Index (%) 21.0 – – – 21.8
Fund
Fac
t She
ets
2005
2005
2005
4.1*
3.1* 3.
7*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
14.9
15.3
16.0
$5,000
$10,000
$15,000
$12,030$12,591
$11,890$11,960
Class AClass BClass CMSCI World Index
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
Value of $10,000 invested October 31, 2005to December 31, 2006.
SunWise Elite CI Global Value Fund Inception Date: October 31, 2005
SunWise EliteF-2
Investment Objectives of the Segregated Fund
To obtain maximum long term capital growth by obtaining exposureprimarily to equity and equity-related securities of issuers located anywherein the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Global Value Fund
Investment Objective of the Underlying Fund
To obtain maximum long-term capital growth by identifying securities thatthe portfolio advisor believes are undervalued and have the potential forfuture growth.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of companiesaround the world. The Underlying Fund may make large investments in anycountry, including emerging markets or emerging industries of any market.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Allianz AG .............................................................................................2.6%Sprint Nextel Corp. ...............................................................................2.6%AMBAC Financial Group Inc. ...............................................................2.3%Nestle SA, Registered Shares .............................................................2.3%Royal Bank of Scotland Group PLC......................................................2.3%Cadbury Schweppes PLC......................................................................2.2%Wyeth....................................................................................................2.2%Microsoft Corp. .....................................................................................2.2%Vodafone Group PLC.............................................................................2.1%GlaxoSmithKline PLC............................................................................2.1%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 13.1 – – – 14.4Class B 13.7 – – – 13.5Class C 14.3 – – – 15.5MSCI World Index (%) 21.0 – – – 21.8
2005
2005
2005
3.4*
1.9* 3.
4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
13.1 13
.7 14.3
$11,820$12,591
$11,590$11,690
Class AClass BClass CMSCI World Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI International Value Fund Inception Date: October 31, 2005
F-3
Investment Objectives of the Segregated Fund
To obtain maximum long-term capital growth by obtaining exposureprimarily to equity and equity-related securities of issuers located outside ofNorth America.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI International Value Fund
Investment Objective of the Underlying Fund
To obtain maximum long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of companieswhose primary operations are outside of North America. The UnderlyingFund may make significant investments in any country including emergingmarkets and emerging industries of any market.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Vodafone Group PLC.............................................................................2.6%Allianz AG .............................................................................................2.6%WPP Group PLC.....................................................................................2.5%Diageo PLC............................................................................................2.5%Cadbury Schweppes PLC......................................................................2.5%Royal Bank of Scotland Group PLC......................................................2.4%Nestle SA, Registered Shares .............................................................2.3%GlaxoSmithKline PLC............................................................................2.3%Telefonaktiebolaget LM Ericsson.........................................................2.2%Nipponkoa Insurance Co. Ltd. ..............................................................2.0%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the MSCI EAFE Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the MSCI EAFE Index.
1 year 3 years 5 years 10 years LifeClass A 17.6 – – – 19.8Class B 18.3 – – – 20.7Class C 18.9 – – – 21.3MSCI EAFE Index (%) 27.3 – – – 28.9
Fund
Fac
t She
ets
2005
2005
2005
4.9* 5.2* 5.3*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
17.6
18.3 18.9
$12,520$13,444
$12,440$12,340
Class AClass BClass CMSCI EAFE Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Synergy Global Corporate Fund Inception Date: October 31, 2005
SunWise EliteF-4
Investment Objectives of the Segregated Fund
To obtain long-term capital growth by obtaining exposure primarily to equityand equity-related securities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Synergy Global Corporate Class
Investment Objective of the Underlying Fund
To obtain long-term capital growth by investing primarily in equity andequity-related securities of global momentum companies situated in thedeveloped markets represented in the MSCI World Index – C$ whichcurrently includes 22 of the world’s developed markets.
Investment Policy of the Underlying Fund
The Underlying fund invests using a momentum style. Momentum managerslook for companies that are changing for the better or whose underlyingfundamentals are improving more rapidly than the overall stock market.They typically have a shorter investment horizon than other types of fundmanagers. They seek to be rewarded by significant upward movements instock prices that can occur over shorter time periods.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Roche Holding AG ................................................................................1.6%InBev......................................................................................................1.2%Bank of America Corp. .........................................................................1.0%Corrections Corp. of America...............................................................0.9%BNP Paribas SA ....................................................................................0.9%Chevron Corp.........................................................................................0.9%Reckitt Benckiser PLC...........................................................................0.9%Hewlett-Packard Co..............................................................................0.8%Thermo Fisher Scientific Inc.................................................................0.8%Merrill Lynch & Co. Inc.........................................................................0.8%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 16.1 – – – 17.2Class B 16.5 – – – 17.4Class C 17.1 – – – 17.2MSCI World Index (%) 21.0 – – – 21.8
2005
2005
2005
3.6*
3.4*
2.7*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
5
0
-5
2006
2006
2006
16.1
16.5
17.1
$12,030
$12,591$12,050$12,030
Class AClass BClass CMSCI World Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Fidelity NorthStar® Fund Inception Date: October 31, 2005
F-5
Investment Objectives of the Segregated Fund
To achieve maximum long-term capital growth by obtaining exposureprimarily to equity and equity-related securities of issuers located anywherein the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Fidelity NorthStar® Fund
Investment Objective of the Underlying Fund
To achieve maximum long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity securities of companies anywhere in the world.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
ConocoPhillips ......................................................................................1.6%Johnson & Johnson .............................................................................1.5%Hon Hai Precision Industry Co. Ltd. (Foxconn) ...................................1.3%Duvernay Oil Corp. ...............................................................................1.1%Shoppers Drug Mart Corp. ..................................................................1.1%Anglo Irish Bank Corp. PLC .................................................................1.0%D.R. Horton, Inc. ...................................................................................1.0%Barratt Developments PLC ..................................................................1.0%WestJet Airlines Ltd. ..........................................................................1.0%Research In Motion Ltd. ......................................................................0.9%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund.
1 year 3 years 5 years 10 years LifeClass A 9.4 – – – 10.9Class B 9.9 – – – 11.5Class C 10.5 – – – 12.0
Fund
Fac
t She
ets
2005
2005
2005
3.1* 3.3*
3.3*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
9.4 9.9 10
.5
$11,410$11,350$11,280
Class AClass BClass C
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Trimark Select Growth Fund Inception Date: October 31, 2005
SunWise EliteF-6
Investment Objectives of the Segregated Fund
To achieve strong capital growth by obtaining exposure primarily to equityand equity-related securities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Trimark Select Growth Fund
Investment Objective of the Underlying Fund
To achieve strong capital growth with a high degree of reliability over thelong term.
Investment Policy of the Underlying Fund
The Underlying Fund invests primarily in equities of companies anywhere inthe world. To achieve these objectives, the portfolio management teamlooks for companies:
• That can profit from technological advances and invest significantly toobtain a competitive advantage.
• That recognize and exploit opportunities for business expansion.
• Whose management has shown strong entrepreneurial skills.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Cemex S.A. de C.V. - ADR ....................................................................7.3%Accor S.A. ............................................................................................4.5%adidas AG..............................................................................................4.4%Grupo Televisa S.A. de C.V. - ADR.......................................................4.2%Applied Materials Inc...........................................................................4.1%Smiths Group PLC.................................................................................4.1%Reed Elsevier PLC .................................................................................4.1%ING Groep N.V. ....................................................................................4.0%Kingfisher PLC.......................................................................................4.0%Old Mutual PLC.....................................................................................3.7%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 21.3 – – – 21.3Class B 21.9 – – – 21.9Class C 22.6 – – – 22.5MSCI World Index (%) 21.0 – – – 21.8
2005
2005
2005
3.2* 3.3*
3.3*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
25
20
15
10
5
0
-5
2006
2006
2006
21.3
21.9 22.6
$12,660$12,591$12,590$12,520
Class AClass BClass CMSCI World Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI International Balanced Fund Inception Date: October 31, 2005
F-7
Investment Objectives of the Segregated Fund
To obtain maximum long-term total return by obtaining exposure primarily toequity, equity-related and fixed income securities of issuers locatedanywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI International Balanced Fund
Investment Objective of the Underlying Fund
To obtain maximum long-term total return.
Investment Policy of the Underlying Fund
It invests primarily in equities, equity-related securities and fixed incomesecurities of issuers located throughout the world. The Underlying Fund isnot limited to how much it invests in a country or asset class or keepsinvested in each asset class. This will vary according to market conditions.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Microsoft Corp. .....................................................................................1.6%Everest Re Group Ltd............................................................................1.0%Endurance Specialty Holdings Ltd. ......................................................0.9%Hutchison Whampoa Ltd......................................................................0.9%Alstom RGPT.........................................................................................0.8%Yara International ASA.........................................................................0.8%Commerzbank AG .................................................................................0.8%Keyence Corp. .......................................................................................0.8%Sepracor Inc. .........................................................................................0.7%Forest Oil Corp. .....................................................................................0.7%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% MSCI World Indexand 40% J.P. Morgan Global Government Bond Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% MSCI World Index and 40% J.P. Morgan GlobalGovernment Bond Index.
1 year 3 years 5 years 10 years LifeClass A 11.4 – – – 12.7Class B 12.0 – – – 12.9Class C 12.2 – – – 12.2Blended Index (%) 15.0 – – – 14.4
Fund
Fac
t She
ets
2005
2005
2005
3.1*
2.8*
1.9*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
11.4 12.0
12.2
$11,430
$11,699$11,510$11,490
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Fidelity Global Asset Allocation Fund Inception Date: October 31, 2005
SunWise EliteF-8
Investment Objectives of the Segregated Fund
To achieve high total investment return by obtaining exposure primarily toequity, equity-related and fixed income securities of issuers locatedanywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Fidelity Global Asset Allocation Fund
Investment Objective of the Underlying Fund
To achieve high total investment return.
Investment Policy of the Underlying Fund
The Underlying Fund uses an asset allocation approach. It invests primarilyin a mix of equity securities, fixed-income securities and money marketinstruments from around the world.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Japan Government ...............................................................................3.7%German Federal Republic.....................................................................2.6%Fannie Mae ...........................................................................................2.4%Credit Suisse Group..............................................................................2.0%U.S. Treasury Obligations.....................................................................1.9%Xstrata Plc .............................................................................................1.9%Fannie Mae ..........................................................................................1.7%Roche Holding AG ................................................................................1.5%Royal Bank of Scotland Group PLC......................................................1.5%Bayer AG ...............................................................................................1.4%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 65% MSCI World Index,30% Lehman Brothers Aggregate Bond Index and 5% ScotiaMcLeod3-month T-Bill Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to a blend of 65% MSCI World Index, 30%Lehman Brothers Aggregate Bond Index and 5% ScotiaMcLeod 3-monthT-Bill Index.
1 year 3 years 5 years 10 years LifeClass A 13.9 – – – 13.4Class B 14.5 – – – 14.0Class C 14.5 – – – 13.9Blended Index (%) 13,8 – – – 15,0
2005
2005
2005
1.6* 1.7*
1.6*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
13.9 14
.5
14.5
$11,630
$11,503
$11,640
$11,570
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Trimark Global Balanced Fund Inception Date: October 31, 2005
F-9
Investment Objectives of the Segregated Fund
To provide a high total investment return by obtaining exposure primarily toequity, equity-related and fixed income securities of issuers locatedanywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Trimark Global Balanced Fund
Investment Objective of the Underlying Fund
To provide a high total investment return through a combination of incomeand strong capital growth. The Underlying Fund holds a balanced portfolioof equities, convertible and fixed-income securities issued by governments– federal, provincial or municipal – or corporations anywhere in the world.
Investment Policy of the Underlying Fund
To achieve the Underlying Fund’s objectives, the portfolio management teamfocuses on a balanced portfolio that emphasizes:
• common shares of established companies that have the potential forfuture growth
• convertible securities of growing companies
• fixed-income securities issued by governments and corporationsanywhere in the world.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Cemex S.A. de C.V. - ADR ....................................................................3.3%Tesco PLC ..............................................................................................3.1%Wienerberger AG..................................................................................2.8%AMETEK, Inc. ........................................................................................2.8%Government of Canada, 3.00%, due June 1, 2007 ............................2.8%Topdanmark A/S ...................................................................................2.8%Uponor Oyj ............................................................................................2.7%Erste Bank der oesterreichischen Sparkassen AG .............................2.6%Cisco Systems, Inc................................................................................2.6%WPP Group PLC.....................................................................................2.6%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% MSCI World Indexand 40% ML Global Government Bond Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% MSCI World Index and 40% ML GlobalGovernment Bond Index.
1 year 3 years 5 years 10 years LifeClass A 19.0 – – – 18.3Class B 19.3 – – – 18.6Class C 19.6 – – – 18.8Blended Index (%) 14.0 – – – 13.1
Fund
Fac
t She
ets
2005
2005
2005
2.1* 2.2*
2.1*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
25
20
15
10
5
0
-5
2006
2006
2006
19.0
19.3
19.6
$12,210
$11,667
$12,190$12,150
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Dynamic Power American Growth Fund Inception Date: October 31, 2005
SunWise EliteF-10
Investment Objectives of the Segregated Fund
To achieve long-term capital growth by obtaining exposure primarily toequity and equity-related securities of issuers located in the United States.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Dynamic Power American Growth Fund
Investment Objective of the Underlying Fund
To achieve long-term capital growth by investing primarily in equitysecurities of United States businesses.
Investment Policy of the Underlying Fund
As a Dynamic “Power” Fund, the Underlying Fund represents an activelytraded portfolio of equity securities chosen according to growth investmentcriteria.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Google Inc., Class “A”........................................................................10.7%Research In Motion Limited ................................................................9.2%Apple Computer, Inc. ............................................................................8.6%Akamai Technologies, Inc.....................................................................8.3%F5 Networks Inc....................................................................................7.0%Illumina, Inc...........................................................................................6.3%Priceline.com, Inc..................................................................................3.8%Celgene Corp.........................................................................................3.6%Nvidia Corp ...........................................................................................3.5%Dicks Sporting Goods Inc. ....................................................................3.5%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P 500 Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P 500 Index.
1 year 3 years 5 years 10 years LifeClass A -3.6 – – – -3.9Class B -2.9 – – – -3.4Class C -2.4 – – – -2.8S&P 500 Index (%) 16.2 – – – 15.9
2005
2005
2005
-0.9
*
-1.0
*
-0.8
*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
5
0
-5
2006
2006
2006
-3.6
-2.9
-2.4
$9,680$11,882
$9,610$9,550
Class AClass BClass CS&P 500 Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI American Value Fund Inception Date: October 31, 2005
F-11
Investment Objectives of the Segregated Fund
To achieve long-term capital growth by obtaining exposure primarily toequity and equity-related securities of issuers located in the United States.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI American Value Fund
Investment Objective of the Underlying Fund
To achieve long-term capital growth by investing primarily in a broadlydiversified portfolio of American equity securities.
Investment Policy of the Underlying Fund
To achieve its objective, the portfolio advisor:
• invests primarily in common shares of larger U.S. companies
• uses a disciplined value style. The portfolio advisor focuses on companiesthat are considered undervalued in relation to their future prospects andoffer good absolute and relative value as characterized by measures suchas lower than average price/book and price/earnings, and higher-than-average dividend yield as compared to the overall market
• uses a disciplined, bottom-up stock selection process to evaluate acompany’s current position and future prospects
• may invest in companies located outside of the U.S.
• may invest in corporate debt and/or convertible securities.
Top 10 Holdings of the Underlying Fund (December 31, 2006)
Microsoft Corp. .....................................................................................4.4%Exxon Mobil Corp..................................................................................4.0%Ventas Inc..............................................................................................2.9%Harrah’s Entertainment Inc...................................................................2.9%Comcast Corp........................................................................................2.8%Oracle Corp. ..........................................................................................2.5%DaVita Inc..............................................................................................2.5%Bunge Ltd. .............................................................................................2.4%Boeing Co. .............................................................................................2.4%WellPoint Inc.........................................................................................2.3%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P 500 Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P 500 Index.
1 year 3 years 5 years 10 years LifeClass A 14.4 – – – 11.7Class B 15.1 – – – 12.8Class C 15.7 – – – 14.6S&P 500 Index (%) 16.2 – – – 15.9
Fund
Fac
t She
ets
2005
2005
2005
-0.6
*
-0.1
*
1.2*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
14.4 15.1 15.7
$11,710$11,882
$11,500$11,370
Class AClass BClass CS&P 500 Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Synergy American Fund Inception Date: October 2005
SunWise EliteF-12
Investment Objectives of the Segregated Fund
To obtain long-term appreciation of capital by obtaining exposure primarilyto equity and equity-related securities of issuers located in North America.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Synergy American Fund
Investment Objective of the Underlying Fund
To obtain long-term appreciation of capital.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of companies thatthe portfolio advisor believes have good growth potential. These companiesare located in countries that have signed the North American Free TradeAgreement (NAFTA) (or its successor). These countries currently include theUnited States, Canada and Mexico, but may also include countries thatbecome members of NAFTA in the future.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Bank of America Corp. .........................................................................2.6%Corrections Corp. of America...............................................................2.1%Chevron Corp.........................................................................................2.0%Merrill Lynch & Co. Inc.........................................................................2.0%Hewlett-Packard Co..............................................................................1.9%Thermo Fisher Scientific Inc.................................................................1.8%McDonald’s Corp...................................................................................1.8%CVS Corp. ..............................................................................................1.7%Coach Inc...............................................................................................1.7%QUALCOMM Inc. ..................................................................................1.7%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P 500 Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P 500 Index.
1 year 3 years 5 years 10 years LifeClass A 11.5 – – – 10.7Class B 11.9 – – – 10.3Class C 12.5 – – – 10.8S&P 500 Index (%) 16.2 – – – 15.9
2005
2005
2005
0.9*
0.2*
0.2*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
11.5
11.9 12.5
$11,270$11,882
$11,210$11,250
Class AClass BClass CS&P 500 Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Value Trust Corporate Fund Inception Date: October 31, 2005
F-13
Investment Objectives of the Segregated Fund
To obtain long-term capital growth by obtaining exposure primarily to equityand equity-related securities of issuers located in the United States.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Value Trust Corporate Class
Investment Objective of the Underlying Fund
To obtain long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of companies inthe United States.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
AES Corp. ..............................................................................................5.3%Tyco International Ltd. ..........................................................................5.2%Sprint Nextel Corp. ...............................................................................5.0%UnitedHealth Group Inc........................................................................4.6%Amazon.com Inc....................................................................................4.5%Google Inc. ............................................................................................4.4%JP Morgan Chase & Co........................................................................4.4%Qwest Communications International Inc...........................................4.1%Sears Holdings Corp.............................................................................4.0%Countrywide Financial Corp. ................................................................3.5%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P 500 Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P 500 Index.
1 year 3 years 5 years 10 years LifeClass A 3.9 – – – 6.1Class B 4.4 -– – – 6.2Class C 4.9 – – – 6.3S&P 500 Index (%) 16.2 – – – 15.9
Fund
Fac
t She
ets
2005
2005
2005
3.1*
2.7*
2.4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
5
0
-5
2006
2006
2006
3.9 4.4 4.
9
$10,740$11,882
$10,720$10,710
Class AClass BClass CS&P 500 Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Fidelity Growth America Fund Inception Date: October 31, 2005
SunWise EliteF-14
Investment Objectives of the Segregated Fund
To achieve long-term capital growth by obtaining exposure primarily toequity and equity-related securities of issuers located in the United States.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Fidelity Growth America Fund
Investment Objective of the Underlying Fund
To achieve long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity securities of U.S. companies.
Top 10 Holdings of the Underlying Fund (December 31, 2006)
Hewlett-Packard Co. ............................................................................4.3%Bank of America Corp. ........................................................................3.5%Exxon Mobil Corp. ...............................................................................3.5%Merrill Lynch & Co., Inc. ......................................................................3.4%UnitedHealth Group, Inc. .....................................................................3.3%McKesson Corp. ...................................................................................3.2%Frontier Oil Corp. ..................................................................................3.1%TXU Corp. .............................................................................................3.1%Intuit, Inc. .............................................................................................2.9%Caterpillar, Inc. .....................................................................................2.9%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P 500 Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P 500 Index.
1 year 3 years 5 years 10 years LifeClass A 5.8 – – – 5.0Class B 6.3 – – – 4.4Class C 6.7 – – – 5.8S&P 500 Index (%) 16.2 – – – 15.9
2005
2005
2005
0.0*
-1.1
*
0.1*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
5.8 6.
3 6.7
$10,680$11,882
$10,510$10,580
Class AClass BClass CS&P 500 Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite AIM Canadian First Class Fund Inception Date: October 31, 2005
F-15
Investment Objectives of the Segregated Fund
To generate long-term capital growth by obtaining exposure primarily toequity and equity-related securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
AIM Canadian First Class
Investment Objective of the Underlying Fund
To generate long-term capital growth by investing mainly in Canadianequities that are determined to be undervalued and that have the potentialfor future growth.
Investment Policy of the Underlying Fund
To achieve these objectives, the sub-advisor looks for Canadian equities thatshow any or all of the following:
• relatively low valuation measures such as price-to-earnings, price-to-book and price-to-cash flow ratios
• a potential development to unlock their true value, such as sharebuybacks, management changes or division spin-offs.
The Underlying Fund may invest its assets in foreign securities to the extentdeemed appropriate and consistent with its investment objectives,investment strategies and fund type. The Underlying Fund typically expectedto invest no more than 49% of its assets in foreign securities.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Manulife Financial Corp. ......................................................................3.5%The Bank of Nova Scotia......................................................................3.3%The Toronto-Dominion Bank.................................................................3.1%Tyco International Ltd. ..........................................................................2.9%E-L Financial Corp. Ltd..........................................................................2.7%Bank of Montreal..................................................................................2.6%Talisman Energy Inc..............................................................................2.5%Canadian Imperial Bank of Commerce................................................2.3%Canadian National Railway Co............................................................2.2%Dell Inc. .................................................................................................2.2%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P/TSX Composite Index.
1 year 3 years 5 years 10 years LifeClass A 14.4 – – – 19.0Class B 14.9 – – – 18.3Class C 15.6 – – – 18.3S&P/TSX Composite Index (%) 17.2 – – – 23.4
Fund
Fac
t She
ets
2005
2005
2005
7.0*
5.7*
5.2*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
14.4
14.9 15.6
$12,160
$12,783
$10,510
$12,166
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Canadian Investment Fund Inception Date: October 31, 2005
SunWise EliteF-16
Investment Objectives of the Segregated Fund
To achieve long-term capital growth by obtaining exposure primarily toequity and equity-related securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Canadian Investment Fund
Investment Objective of the Underlying Fund
To achieve long-term capital growth by investing primarily in shares of majorCanadian companies.
Investment Policy of the Underlying Fund
To achieve its objective, the portfolio advisor:
• invests primarily in the securities of the largest companies (bycapitalization) listed on the Toronto Stock Exchange
• manages in a disciplined value style, focusing on companies that areconsidered to be undervalued in relation to their future prospects andoffer good absolute and relative value characterized by measures such aslower-than-average price/book and price/earnings, and higher-than-average dividend yield
• uses a disciplined, bottom-up stock selection process to evaluate acompany’s current position and future prospects
• may invest in foreign securities.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Royal Bank of Canada ..........................................................................8.1%Bank of Nova Scotia.............................................................................7.3%Bank of Montreal..................................................................................5.7%Petro-Canada ........................................................................................4.6%EnCana Corp..........................................................................................4.5%Canadian National Railway Co............................................................4.5%Sun Life Financial Inc. ..........................................................................3.7%Power Corp. of Canada ........................................................................3.6%Shell Canada Ltd...................................................................................3.5%Imperial Oil Ltd......................................................................................3.2%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P/TSX Composite Index.
1 year 3 years 5 years 10 years LifeClass A 12.5 – – – 17.2Class B 13.0 – – – 19.7Class C 13.4 – – – 18.3S&P/TSX Composite Index (%) 17.2 – – – 23.4
2005
2005
2005
6.9*
9.0*
7.1*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
12.5 13.0
13.4
$12,150
$12,783$12,320
$12,030
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Harbour Fund Inception Date: October 31, 2005
F-17
Investment Objectives of the Segregated Fund
To obtain maximum long-term capital growth by obtaining exposureprimarily to equity and equity-related securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Harbour Fund
Investment Objective of the Underlying Fund
To obtain maximum long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of high quality,large and mid-capitalization Canadian companies that the portfolio advisorbelieves have good potential for future growth.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Royal Bank of Scotland Group PLC......................................................4.9%Suncor Energy Inc. ................................................................................4.6%Royal Bank of Canada ..........................................................................4.3%Canadian Imperial Bank of Commerce................................................4.2%BHP Billiton Ltd. ....................................................................................3.8%Toronto-Dominion Bank........................................................................3.8%Rio Tinto PLC.........................................................................................3.7%Bank of Nova Scotia.............................................................................3.7%Alcan Inc................................................................................................3.7%Talisman Energy Inc..............................................................................3.6%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P/TSX Composite Index.
1 year 3 years 5 years 10 years LifeClass A 13.5 – – – 17.4Class B 14.1 – – – 18.1Class C 14.5 – – – 17.6S&P/TSX Composite Index (%) 17.2 – – – 23.4
Fund
Fac
t She
ets
2005
2005
2005
6.2* 6.3*
5.4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
13.5
14.1
14.5
$12,070
$12,783$12,130
$12,050
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Signature Select Canadian Fund Inception Date: October 31, 2005
SunWise EliteF-18
Investment Objectives of the Segregated Fund
To seek capital appreciation over the long-term coupled with dividendincome by obtaining exposure primarily to equity and equity-relatedsecurities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Signature Select Canadian Fund
Investment Objective of the Underlying Fund
To seek capital appreciation over the long-term coupled with dividendincome.
Investment Policy of the Underlying Fund
It invests primarily in common shares and convertible securities of Canadiancompanies and preferred shares that pay regular income. The UnderlyingFund’s investments are diversified across industry sectors.
Top 10 Holdings of the Underlying Fund (December 31, 2006)
Royal Bank of Canada ..........................................................................4.6%Toronto-Dominion Bank........................................................................3.6%Barrick Gold Corp..................................................................................3.6%Petro-Canada ........................................................................................3.2%Cameco Corp.........................................................................................2.8%EnCana Corp..........................................................................................2.2%BNP Paribas SA ....................................................................................2.0%Talisman Energy Inc..............................................................................1.6%Manulife Financial Corp. ......................................................................1.6%Rogers Communications Inc.................................................................1.6%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P/TSX Composite Index.
1 year 3 years 5 years 10 years LifeClass A 19.5 – – – 22.8Class B 19.9 – – – 25.4Class C 20.5 – – – 23.8S&P/TSX Composite Index (%) 17.2 – – – 23.4
2005
2005
2005
6.3* 8.
5*
6.4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
25
20
15
10
5
0
-5
2006
2006
2006
19.5
19.9
20.5
$12,820$12,783
$13,010
$12,700
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Synergy Canadian Fund Inception Date: October 31, 2005
F-19
Investment Objectives of the Segregated Fund
To seek long-term capital growth by obtaining exposure primarily to equityand equity-related securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Synergy Canadian Corporate Class
Investment Objective of the Underlying Fund
To seek long-term capital growth by investing primarily in equity and equity-related securities of Canadian companies that represent the growth style.The Underlying Fund may also invest in foreign securities.
Investment Policy of the Underlying Fund
The Underlying Fund invests using a momentum style. Momentummanagers look for companies that are changing for the better and whoseunderlying fundamentals are improving more rapidly than the overall stockmarket. They typically have a shorter investment horizon than other types ofinvestment fund managers. They seek to be rewarded by significant upwardmovements in stock prices that can occur over shorter time periods.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Royal Bank of Canada ..........................................................................5.9%Manulife Financial Corp. ......................................................................3.8%Toronto-Dominion Bank........................................................................3.5%Rogers Communications Inc.................................................................2.6%Bank of Nova Scotia.............................................................................2.5%Suncor Energy Inc. ................................................................................2.4%Canadian Imperial Bank of Commerce................................................2.4%EnCana Corp..........................................................................................2.4%Petro-Canada ........................................................................................2.2%Addax Petroleum Corp..........................................................................2.1%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P/TSX Composite Index.
1 year 3 years 5 years 10 years LifeClass A 16.3 – – – 20.6Class B 16.7 – – – 20.4Class C 17.2 - – – 21.9S&P/TSX Composite Index (%) 17.2 – – – 23.4
Fund
Fac
t She
ets
2005
2005
2005
6.9*
6.3* 7.
4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
16.3
16.7 17.2
$12,590$12,783
$12,410$12,430
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Fidelity True North® Fund Inception Date: October 31, 2005
SunWise EliteF-20
Investment Objectives of the Segregated Fund
To obtain long-term capital growth by obtaining exposure primarily to equityand equity-related securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Fidelity True North® Fund
Investment Objective of the Underlying Fund
To obtain long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in equity securities of Canadian companies.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Manulife Financial Corp. .....................................................................5.4%Royal Bank of Canada .........................................................................5.4%Toronto-Dominion Bank .......................................................................4.6%Suncor Energy, Inc. ..............................................................................3.6%TELUS Corp. .........................................................................................3.4%Canadian Natural Resources Ltd. .......................................................3.2%Nexen, Inc. ...........................................................................................3.1%Bank of Nova Scotia ............................................................................3.0%Rogers Communications, Inc. .............................................................2.9%Research In Motion Ltd. ......................................................................2.9%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index &S&P/TSX Capped Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund,as compared to the S&P/TSX Composite Index & S&P/TSX CappedComposite Index.
1 year 3 years 5 years 10 years LifeClass A 15.6 – – – 18.2Class B 16.3 – – – 19.1Class C 16.6 – – – 19.4S&P/TSX Composite Index (%) & S&P/TSX Capped Composite Index 17.2 – – – 23.4
2005
2005
2005
5.0* 5.3* 5.4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
15.6 16.3
16.6
$12,290$12,783
$12,250$12,140
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Mackenzie Cundill Canadian Security Fund Inception Date: October 31, 2005
F-21
Investment Objectives of the Segregated Fund
To achieve long-term capital growth by obtaining exposure primarily toequity, equity-related and fixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Mackenzie Cundill Canadian Security Fund
Investment Objective of the Underlying Fund
It pursues long-term capital growth from investments mainly in Canadianequity and fixed income securities.
Investment Policy of the Underlying Fund
It invests mainly in securities which are trading below their estimatedintrinsic value, as determined by reviewing corporate balance sheets,earnings statements, dividend records, business prospects, managementstrengths and potential catalysts to realize shareholder value. Preservationof invested capital is the hallmark of the contrarian, value approachfollowed by the portfolio advisor.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
BCE Inc. ................................................................................................ 7.6%Canfor Corp. ......................................................................................... 5.8%Fairfax Financial................................................................................... 5.1%Korea Electric Power Corp. ................................................................. 4.8%MI Developments Inc. ......................................................................... 4.6%Nikko Cordial Corp............................................................................... 4.4%Onex Corp............................................................................................. 3.8%Pfizer Inc............................................................................................... 3.7%QLT Inc.................................................................................................. 3.4%Torstar Corp.......................................................................................... 3.3%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the S&P/TSX Composite Index.
1 year 3 years 5 years 10 years LifeClass A 7.4 – – – 14.9Class B 7.9 – – – 9.4Class C 8.4 – – – 9.8S&P/TSX Composite Index (%) 17.2 – – – 23.4
Fund
Fac
t She
ets
2005
2005
2005
9.4*
2.9*
2.9*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
7.4 7.9 8.
4
$11,150
$12,783
$11,100
$11,750
Class AClass BClass CS&P/TSX Composite Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Canadian Asset Allocation Fund Inception Date: October 31, 2005
SunWise EliteF-22
Investment Objectives of the Segregated Fund
To achieve a superior total rate of return by obtaining exposure primarily toequity, equity-related and fixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Canadian Asset Allocation Fund
Investment Objective of the Underlying Fund
To achieve a superior total rate of return from a combination of capitalgrowth, dividends and interest income through active asset allocationamong equity, fixed income and money market securities. The UnderlyingFund invests primarily in securities of Canadian issuers.
Investment Policy of the Underlying Fund
To achieve its objective, the portfolio advisor:
• actively manages the Underlying Fund using equity, fixed incomeinstruments, and cash and cash equivalents. The Underlying Fund is notlimited to how much it invests in each asset class. This will varyaccording to market conditions
• invests mainly in Canadian stocks for the equity portion of the portfolio,relying on a disciplined, bottom-up stock selection process to evaluate acompany’s current position and future prospects
• invests mainly in high quality government and corporate issues for thebond portion of the portfolio.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Royal Bank of Canada ..........................................................................3.9%Bank of Nova Scotia.............................................................................2.8%Bank of Montreal..................................................................................2.8%Petro-Canada ........................................................................................2.2%Canadian National Railway Co............................................................2.2%EnCana Corp..........................................................................................1.9%Sun Life Financial Inc. ..........................................................................1.8%Shell Canada Ltd...................................................................................1.7%Power Corp. of Canada ........................................................................1.7%Imperial Oil Ltd......................................................................................1.6%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 40% S&P/TSXComposite Index, 35% SCM Universe Bond Total Return Index and 25%MSCI World Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 40% S&P/TSX Composite Index, 35% SCM UniverseBond Total Return Index and 25% MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 8.4 – – – 10.8Class B 8.8 – – – 11.3Class C 9.0 – – – 11.5Blended Index (%) 13.5 – – – 16.4
2005
2005
2005
4.0* 4.1*
4.1*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
8.4 8.8 9.0
$11,350$11,941
$11,330$11,270
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Harbour Growth & Income Fund Inception Date: October 31, 2005
F-23
Investment Objectives of the Segregated Fund
To obtain long-term total return by obtaining exposure primarily to equity,equity-related and fixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Harbour Growth & Income Fund
Investment Objective of the Underlying Fund
To obtain long-term total return through a prudent balance of income andcapital appreciation.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of mid- to-largecapitalization Canadian companies and fixed income securities issued byCanadian governments and companies. The proportion of the UnderlyingFund’s assets invested in equity and fixed income securities may varyaccording to market conditions.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Canadian Imperial Bank of Commerce................................................3.7%Royal Bank of Canada ..........................................................................3.5%Toronto-Dominion Bank........................................................................3.3%Royal Bank of Scotland Group PLC......................................................3.3%Rio Tinto PLC.........................................................................................3.1%Suncor Energy Inc. ................................................................................3.0%Bank of Nova Scotia.............................................................................2.9%Citigroup Inc. .........................................................................................2.7%Talisman Energy Inc..............................................................................2.2%EnCana Corp..........................................................................................2.2%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% S&P/TSX CompositeIndex and 40% SCM Universe Bond Total Return Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% S&P/TSX Composite Index and 40% SCMUniverse Bond Total Return Index.
1 year 3 years 5 years 10 years LifeClass A 10.4 – – – 13.0Class B 10.7 – – – 13.4Class C 11.0 – – – 13.7Blended Index (%) 11.9 – – – 15.8
Fund
Fac
t She
ets
2005
2005
2005
4.4* 4.5* 4.6*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
10.4
10.7
11.0
$11,610$11,872
$11,570$11,530
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Fidelity Canadian Asset Allocation Fund Inception Date: October 31, 2005
SunWise EliteF-24
Investment Objectives of the Segregated Fund
To achieve high total investment returns by obtaining exposure primarily toequity, equity-related and fixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Fidelity Canadian Asset Allocation Fund
Investment Objective of the Underlying Fund
To achieve high total investment returns.
Investment Policy of the Underlying Fund
The Underlying Fund uses an asset allocation approach. It invests primarilyin a mix of Canadian equity securities, fixed income securities and moneymarket instruments.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Canadian National Railway Co. ..........................................................2.6%Canadian Government .........................................................................2.2%Talisman Energy, Inc. ...........................................................................2.2%TransCanada Corp. ...............................................................................2.1%Bank of Montreal .................................................................................2.0%Alcan, Inc. ............................................................................................1.9%Manulife Financial Corp. .....................................................................1.8%Toronto-Dominion Bank .......................................................................1.7%Research In Motion Ltd. ......................................................................1.7%Canadian Imperial Bank of Commerce ...............................................1.7%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 65% S&P/TSX CappedComposite Index, 30% RBC CM Canadian Bond Market Index and 5%ScotiaMcLeod 91-day T-Bill Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 65% S&P/TSX Capped Composite Index, 30% RBCCM Canadian Bond Market Index and 5% ScotiaMcLeod 91-day T-Bill Index.
1 year 3 years 5 years 10 years LifeClass A 10.7 – – – 12.9Class B 11.2 – – – 13.6Class C 11.4 – – – 13.6Blended Index (%) 17.3 – – – 18.9
2005
2005
2005
4.0* 4.3*
4.1*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
10.7 11.2
11.4
$11,600$11,892
$11,600$11,510
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Mackenzie Cundill Canadian Balanced Fund Inception Date: October 31, 2005
F-25
Investment Objectives of the Segregated Fund
To achieve long-term capital growth by obtaining exposure primarily toequity, equity-related and fixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Mackenzie Cundill Canadian Balanced Fund
Investment Objective of the Underlying Fund
It pursues long-term capital growth by investing mainly in Canadian equityand fixed income securities. The levels of fixed income and equity securitieswill range between 30% and 70% of the Underlying Fund’s assets,depending on the manager’s assessment of economic and market factors.
Investment Policy of the Underlying Fund
It invests in securities which are trading below their estimated intrinsicvalue, as determined by reviewing corporate balance sheets, earningsstatements, dividend records, business prospects, management strengthsand potential catalysts to realize shareholder value. Preservation of investedcapital is the hallmark of the contrarian, value approach followed by theportfolio advisor.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Government of Canada 4.50% 2007/09/01 .....................................12.3%Government of Canada 6.00% 2008/06/01 .......................................7.9%Government of Canada 3.00% 2007/06/01 .......................................5.3%BCE Inc. ................................................................................................5.2%Fairfax Financial Hldgs Ltd. .................................................................3.7%Nikko Cordial Corp. ..............................................................................3.6%Fairfax Financial Hldgs Ltd. 7.75% 2012/04/26 ................................3.1%Munchener Ruckers AG ......................................................................2.8%MI Developments Inc. .........................................................................2.8%Korea Electric Power Corp. ..................................................................2.8%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% S&P/TSX CompositeIndex and 40% SCM Universe Bond Total Return Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% S&P/TSX Composite Index and 40% SCMUniverse Bond Total Return Index.
1 year 3 years 5 years 10 years LifeClass A 5.5 – – – 7.6Class B 6.0 – – – 8.1Class C 6.2 – – – 7.0Blended Index (%) 11.9 – – – 15.8
Fund
Fac
t She
ets
2005
2005
2005
3.2* 3.3*
1.9*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
5.5 6.
0 6.2
$10,820
$11,810$10,950$10,890
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Signature Income & Growth Fund Inception Date: October 31, 2005
SunWise EliteF-26
Investment Objectives of the Segregated Fund
To provide a steady flow of current income while preserving capital byobtaining exposure primarily to equity, equity-related and fixed incomesecurities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Signature Income & Growth Fund
Investment Objective of the Underlying Fund
To provide a steady flow of current income while preserving capital byinvesting in a diversified portfolio of securities composed mainly of equity,equity-related and fixed income securities of Canadian issuers. TheUnderlying Fund may also invest in foreign securities.
Investment Policy of the Underlying Fund
It invests in a combination of equity securities, fixed income securitiesand derivatives. To the extent the fund invests in equity securities, thesewill include preferred and common shares broadly diversified by sectorand style. Fixed income may consist of high-yielding government andcorporate bonds, debentures and notes. This may include securities thatare unrated or have credit rating below investment grade. The term tomaturity of these securities will vary depending on the portfolio advisor’soutlook for interest rates. The Underlying Fund may also generate incomeby investing in real estate investment trusts (REITs), royalty trusts, incometrusts and other similar high yielding instruments. The portfolio advisorwill seek to produce additional income through covered call writing andother derivative strategies.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Royal Bank of Canada ..........................................................................2.2%Barrick Gold Corp..................................................................................2.0%Toronto-Dominion Bank........................................................................1.9%Petro-Canada ........................................................................................1.5%EnCana Corp..........................................................................................1.3%Cameco Corp.........................................................................................1.2%Talisman Energy Inc..............................................................................1.1%BNP Paribas SA ....................................................................................1.0%Bank of Nova Scotia.............................................................................0.9%Rogers Communications Inc.................................................................0.8%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% S&P/TSX CompositeIndex, 15% Merrill Lynch Canadian Issuers High Yield Index, 15% ScotiaCapital Universe Total Return Bond Index and 10% S&P/TSX Capped IncomeTrust Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% S&P/TSX Composite Index, 15% Merrill LynchCanadian Issuers High Yield Index, 15% Scotia Capital Universe Total ReturnBond Index and 10% S&P/TSX Capped Income Trust Index.
1 year 3 years 5 years 10 years LifeClass A 12.0 – – – 15.4Class B 12.3 – – – 16.5Class C 12.6 – – – 16.0Blended Index (%) 12.2 – – – 16.8
2005
2005
2005
5.4* 6.
3*
5.5*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
12.0
12.3
12.6
$11,880
$11,984$11,940
$11,810
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Trimark Income Growth Fund Inception Date: October 31, 2005
F-27
Investment Objectives of the Segregated Fund
To generate capital growth and income over the long term by obtainingexposure primarily to equity, equity-related and fixed income securities ofCanadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Trimark Income Growth Fund
Investment Objective of the Underlying Fund
To generate capital growth and income over the long term. The UnderlyingFund invests primarily in Canadian equities, fixed-income securities ofCanadian issuers, both government and corporate, and foreign equities andfixed-income securities.
Investment Policy of the Underlying Fund
To achieve these objectives, the portfolio management team focuses on:
• common shares of Canadian and foreign companies that have thepotential for future growth
• convertible securities of growing companies
• fixed-income securities of Canadian and foreign governments andcorporations.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Government of Canada, 5.75%, due June 1, 2029 ............................5.8%HBOS PLC..............................................................................................4.1%Government of Canada, 5.00%, due June 1, 2014 ............................3.6%Zimmer Holdings, Inc............................................................................3.5%The Toronto-Dominion Bank.................................................................3.1%Power Corp. of Canada ........................................................................3.1%Government of Canada, 5.25%, due June 1, 2012 ............................3.1%The Bank of Nova Scotia......................................................................3.0%Loblaw Cos., Ltd. ..................................................................................2.8%Canada Housing Trust, 4.10%, due December 15, 2008 ...................2.6%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% S&P/TSX CompositeIndex and 40% SCM Universe Bond Total Return Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% S&P/TSX Composite Index and 40% SCMUniverse Bond Total Return Index.
1 year 3 years 5 years 10 years LifeClass A 10.9 – – – 11.5Class B 11.4 – – – 11.8Class C 11.5 – – – 12.1Blended Index (%) 12.0 – – – 14.7
Fund
Fac
t She
ets
2005
2005
2005
2.3*
2.2* 2.4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
2006
2006
2006
10.9 11.4
11.5
$11,420$11,873
$11,380$11,350
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Balanced Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Canadian Balanced Portfolio)
SunWise EliteF-28
Investment Objectives of the Segregated Fund
To provide a balance between income and long-term capital growth byobtaining exposure to equity, equity-related and fixed income securities ofCanadian issuers. Commencing May 7, 2007, the Fund may invest insecurities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Balanced Fund
Investment Objective of the Underlying Fund
To provide a balance between income and long-term capital growth whilediversifying risk by investing in income and equity mutual funds.
Investment Policy of the Underlying Fund
The portfolio advisor uses strategic asset allocation as the principalinvestment strategy to create a portfolio diversified by investment style,asset class and geographic region. This generally includes Canadian equity,U.S. equity, international equity, Canadian fixed income and global fixedincome securities.
In determining the Underlying Fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’sinvestment objective and strategies, past performance and historicalvolatility in the context of a diversified holding of underlying mutual fundssuitable for the investment objective of the Underlying Fund.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
CI Canadian Bond Fund .....................................................................15.1%Signature High Income Fund ...........................................................11.3%CI Canadian Investment Fund .............................................................8.9%Signature Select Canadian Fund .......................................................8.3%Signature Corporate Bond Fund .........................................................7.6%CI International Value Fund .................................................................7.3%CI International Fund ...........................................................................6.4%CI American Value Corporate Class ...................................................5.3%Synergy Canadian Corporate Class ....................................................5.1%CI American Equity Fund ....................................................................4.3%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 40% SCM UniverseTotal Return Bond Index, 25% S&P/TSX Composite Index, and 35% MSCIWorld Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 40% SCM Universe Total Return Bond Index, 25%S&P/TSX Composite Index and 35% MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 11.6 – – – 15.4Class B 12.1 – – – 15.2Class 12.2 – – – 14.1Blended Index (%) 13.2 – – – 15.3
2005
2005
2005
5.8*
5.2*
3.9*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
11.6
12.1
12.2
$11,660
$11,811
$11,790$11,810
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Conservative Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Canadian Conservative Portfolio)
F-29
Investment Objectives of the Segregated Fund
To provide a balance between income and capital growth at lower thanaverage levels of volatility by obtaining exposure primarily to equity, equity-related and fixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Conservative Fund
Investment Objective of the Underlying Fund
To provide a balance between income and capital growth at lower thanaverage levels of volatility by investing in income and equity mutual funds.
Investment Policy of the Underlying Fund
The portfolio advisor uses strategic asset allocation as the principalinvestment strategy to create a portfolio diversified by investment style,asset class and geographic region. This generally includes Canadian equity,U.S. equity, international equity, Canadian fixed income and global fixedincome securities.
In determining the Underlying Fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’sinvestment objective and strategies, past performance and historicalvolatility in the context of a diversified holding of underlying mutual fundssuitable for the investment objective of the Underlying Fund.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
CI Canadian Bond Fund .....................................................................23.1%Signature High Income Fund .............................................................17.2%Signature Corporate Bond Fund .......................................................11.6%Signature Select Canadian Fund ........................................................6.3%Synergy Canadian Corporate Class ....................................................6.2%CI Canadian Investment Fund .............................................................6.1%CI Global Bond Fund ............................................................................6.0%CI American Value Corporate Class ...................................................5.4%CI International Value Fund .................................................................5.3%CI International Fund ...........................................................................3.3%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% SCM UniverseTotal Return Bond Index, 20% S&P/TSX Composite Index and 20% MSCIWorld Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% SCM Universe Total Return Bond Index, 20%S&P/TSX Composite Index and 20% MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 9.0 – – – 10.9Class B 9.3 – – – 12.7Class C 9.4 – – – 11.8Blended Index (%) 10.0 – – – 11.8
Fund
Fac
t She
ets
2005
2005
2005
3.5*
5.1*
4.0*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
9.0 9.3 9.4
$11,380$11,396$11,490
$10,280
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Income Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Canadian Income Portfolio)
SunWise EliteF-30
Investment Objectives of the Segregated Fund
To seek income and modest capital appreciation by obtaining exposureprimarily to equity, equity-related and fixed income securities of Canadianissuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Income Fund
Investment Objective of the Underlying Fund
To emphasize income by investing primarily in income-oriented mutualfunds. The Underlying Fund may also invest in equity mutual funds toachieve modest capital appreciation.
Investment Policy of the Underlying Fund
The portfolio advisor uses strategic asset allocation as the principalinvestment strategy to create a portfolio diversified by investment style,asset class and geographic region. This generally includes Canadian equity,U.S. equity, international equity, Canadian fixed income and global fixedincome securities.
In determining the Underlying Fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’sinvestment objective and strategies, past performance and historicalvolatility in the context of a diversified holding of underlying mutual fundssuitable for the investment objective of the Underlying Fund.
Top Holdings of the Underlying Fund(December 31, 2006)
Signature High Income Fund ...........................................................24.2%CI Canadian Bond Fund .....................................................................19.5%CI Global Bond Fund ..........................................................................15.1%Signature Corporate Bond Fund .......................................................14.7%CI Global High Dividend Advantage Fund .......................................10.9%Signature Income & Growth Fund ....................................................10.1%Signature Dividend Fund .....................................................................5.0%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 75% SCM UniverseTotal Return Bond Index, 15% S&P/TSX Composite Index and 10% MSCIWorld Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 75% SCM Universe Total Return Bond Index, 15%S&P/TSX Composite Index and 10% MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 6.6 – – – 8.1Class B 6.4 – – 8.0Class C 6.7 – – – 8.5Blended Index (%) 7.7 – – – 9.3
2005
2005
2005
2.7*
2.7* 3.0*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
6.6
6.4 6.7
$10,990$11,089
$10,930$10,950
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Balanced Growth Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Global Balanced Portfolio)
F-31
Investment Objectives of the Segregated Fund
To provide long-term capital growth with a moderate level of risk andvolatility by obtaining exposure primarily to equity, equity-related and fixedincome securities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Balanced Growth Fund
Investment Objective of the Underlying Fund
To provide long-term capital growth with a moderate level of risk andvolatility by investing directly in other mutual funds managed by CIInvestments Inc.
Investment Policy of the Underlying Fund
The portfolio advisor uses strategic asset allocation as the principalinvestment strategy to create a portfolio diversified by investment style,asset class and geographic region. This generally includes Canadian equity,U.S. equity, international equity, Canadian fixed income and global fixedincome securities.
In determining the Underlying Fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’sinvestment objective and strategies, past performance and historicalvolatility in the context of a diversified holding of underlying mutual fundssuitable for the investment objective of the Underlying Fund.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
CI Canadian Bond Fund .....................................................................14.0%Signature Select Canadian Fund ......................................................10.2%CI Canadian Investment Fund .............................................................9.8%CI International Value Fund .................................................................9.3%Signature High Income Fund ...............................................................8.3%CI International Fund ...........................................................................7.4%Signature Corporate Bond Fund .........................................................5.6%CI American Value Corporate Class ...................................................5.2%CI American Managers Corporate Class ............................................5.1%Harbour Fund .......................................................................................4.9%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 40% MSCI WorldIndex, 30% SCM Universe Total Return Bond Index and 30% S&P/TSXComposite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund,as compared to a blend of 40% MSCI World Index, 40% MSCI WorldIndex, 30% SCM Universe Total Return Bond Index and 30% S&P/TSXComposite Index.
1 year 3 years 5 years 10 years LifeClass A 11.5 – – – 12.6Class B 11.9 – – – 13.0Class C 12.1 – – – 13.5Blended Index (%) 14.7 – – – 17.1
Fund
Fac
t She
ets
2005
2005
2005
3.0*
3.0* 3.4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
11.5
11.9
12.1
$11,590$12,026
$11,530$10,480
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Conservative Balanced Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Global Conservative Portfolio)
SunWise EliteF-32
Investment Objectives of the Segregated Fund
To provide a conservative total return with lower than average volatility byobtaining exposure primarily to equity, equity-related and fixed incomesecurities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Conservative Balanced Fund
Investment Objective of the Underlying Fund
To provide a conservative total return with lower than average volatility byinvesting directly in other mutual funds managed by CI Investments Inc.
Investment Policy of the Underlying Fund
To provide a conservative total return with lower than average volatility byinvesting directly in other mutual funds managed by CI. The portfolio advisoruses strategic asset allocation as the principal investment strategy to createa portfolio diversified by investment style, asset class and geographicregion. This generally includes Canadian equity, U.S. equity, internationalequity, Canadian fixed income and global fixed income securities.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
CI Canadian Bond Fund .....................................................................19.0%Signature High Income Fund .............................................................14.1%Signature Corporate Bond Fund .........................................................9.5%CI Canadian Investment Fund .............................................................7.0%CI International Value Fund .................................................................6.3%Signature Select Canadian Fund ........................................................6.2%CI International Fund ...........................................................................5.4%CI Global Bond Fund ............................................................................4.9%CI American Value Corporate Class ...................................................4.2%CI American Small Companies Fund .................................................4.2%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 50% SCM UniverseTotal Return Bond Index, 25% S&P/TSX Composite Index and 25% MSCIWorld Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 50% SCM Universe Total Return Bond Index, 25%S&P/TSX Composite Index and 25% MSCI World Index.
1 year 3 years 5 years 10 years LifeClass A 9.5 - – – 11.1Class B 10.0 – – – 12.1Class C 9.9 – – – 12.1Blended Index (%) 11.5 – – – 13.6
2005
2005
2005
3.2* 3.8*
3.9*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
9.5 10
.0
9.9
$11,420$11,607
$11,420$10,300
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Growth Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Global Growth Portfolio)
F-33
Investment Objectives of the Segregated Fund
To provide long-term capital growth by obtaining exposure primarily toequity, equity-related and fixed income securities of issuers locatedanywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Growth Fund
Investment Objective of the Underlying Fund
To provide long-term capital growth by investing directly in other mutualfunds managed by CI Investments Inc.
Investment Policy of the Underlying Fund
The portfolio advisor uses strategic asset allocation as the principalinvestment strategy to create a portfolio diversified by investment style,asset class and geographic region. This generally includes Canadian equity,U.S. equity, international equity, Canadian fixed income and global fixedincome securities.
In determining the Underlying Fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’sinvestment objective and strategies, past performance and historicalvolatility in the context of a diversified holding of underlying mutual fundssuitable for the investment objective of the Underlying Fund.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
CI International Value Fund ...............................................................11.3%CI Canadian Investment Fund ...........................................................10.8%Signature Select Canadian Fund ......................................................10.2%CI Canadian Bond Fund .......................................................................9.3%CI International Fund ...........................................................................8.5%CI American Value Corporate Class ...................................................6.3%Harbour Fund .......................................................................................5.8%Signature High Income Fund ...............................................................5.6%CI American Small Companies Fund ..................................................5.1%CI American Managers Corporate Class ............................................5.1%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 50% MSCI WorldIndex, 30% S&P/TSX Composite Index and 20% SCM Universe TotalReturn Bond Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 50% MSCI World Index, 30% S&P/TSX CompositeIndex and 20% SCM Universe Total Return Bond Index.
1 year 3 years 5 years 10 years LifeClass A 11.9 – – – 13.5Class B 12.4 – – – 13.4Class C 12.9 – – – 14.2Blended Index (%) 16.5 – – – 18.9
Fund
Fac
t She
ets
2005
2005
2005
3.5*
2.9* 3.
4*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
11.9 12.4
12.9
$11,670$12,235
$11,570$11,580
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite Portfolio Series Maximum Growth Fund Inception Date: October 31, 2005
(Formerly SunWise Elite CI Global Maximum Growth Portfolio)
SunWise EliteF-34
Investment Objectives of the Segregated Fund
To provide above-average long-term capital growth by obtaining exposureprimarily to equity, equity-related and fixed income securities of issuerslocated anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Portfolio Series Maximum Growth Fund
Investment Objective of the Underlying Fund
To provide above-average long-term capital growth by investing directly inother mutual funds managed by CI. Investments Inc. The portfolio may havea medium-to-higher level of risk and volatility.
Investment Policy of the Underlying Fund
The portfolio advisor uses strategic asset allocation as the principalinvestment strategy to create a portfolio diversified by investment style,asset class and geographic region. This generally includes Canadian equity,U.S. equity and international equity securities.
In determining the Underlying Fund’s target asset allocations, the portfolioadvisor considers, among other factors, each underlying mutual fund’sinvestment objective and strategies, past performance and historicalvolatility in the context of a diversified holding of underlying mutual fundssuitable for the investment objective of the Underlying Fund.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
CI Canadian Investment Fund ...........................................................14.5%Signature Select Canadian Fund ......................................................14.1%CI International Value Fund ...............................................................12.1%CI International Fund .........................................................................10.4%CI American Value Corporate Class ..................................................7.2%Synergy Canadian Corporate Class ....................................................6.9%Harbour Fund .......................................................................................6.7%CI American Equity Fund .....................................................................6.2%CI American Managers Corporate Class ............................................6.0%Synergy American Fund ......................................................................6.0%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 70% MSCI World Indexand 30% S&P/TSX Composite Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 70% MSCI World Index and 30% S&P/TSXComposite Index.
1 year 3 years 5 years 10 years LifeClass A 14.1 – – – 15.6Class B 14.6 – – – 15.7Class C 15.1 – – – 16.5Blended Index (%) 19.9 – – – 22.4
2005
2005
2005
3.8*
3.4* 3.7*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
20
15
10
5
0
-5
2006
2006
2006
14.1
14.6
15.1
$11,940$12,658
$11,850$11,840
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Canadian Bond Fund Inception Date: October 31, 2005
F-35
Investment Objectives of the Segregated Fund
To obtain long-term total return by obtaining exposure primarily to Canadianfixed income securities.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Canadian Bond Fund
Investment Objective of the Underlying Fund
To obtain long-term total return.
Investment Policy of the Underlying Fund
It invests primarily in fixed income securities of Canadian governments andcompanies that the portfolio advisor believes offer an attractive yield andthe opportunity for capital gains.
The portfolio advisor may use techniques such as analyzing:
• the expected direction of interest rates
• the yield curve, which is an evaluation of the relative value betweenvarious terms to maturity
• credit ratings and credit risk
• expected performance relative to other types of fixed income securities.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Canadian Government Bond 6% 06/01/08.........................................8.3%Canadian Government Bond 5.75% 06/01/33....................................4.2%Canadian Government Bond Series XY54 4% 09/01/10 ...................3.8%Canadian Government Bond 7.25% 06/01/07....................................3.7%Canadian Government Bond 5% 06/01/14.........................................3.4%Canadian Government Bond 3% 06/01/07.........................................3.1%Canadian Government Bond 4.5% 06/01/15......................................2.5%Canada Housing Trust No. 1 4.75% 03/15/07....................................2.4%Canadian Government Bond, 4% 06/01/16........................................2.3%55 Ontario School Board Trust 5.9% 06/02/33...................................2.0%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the SCM Universe Total ReturnBond Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the SCM Universe Total Return Bond Index.
1 year 3 years 5 years 10 years LifeClass A 2.4 – – – 3.2Class B 2.5 – – – 3.4Class C 2.6 – – – 3.3SCM Universe Total Return Bond Index (%) 4.0 – – – 4.9
Fund
Fac
t She
ets
2005
2005
2005
1.3* 1.5*
1.3*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
5
0
-5
2006
2006
2006
2.4 2.5 2.6
$10,390
$10,577$10,400
$10,370
Class AClass BClass CScotia Capital UniverseTotal Return Bond Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Global Bond Fund Inception Date: October 31, 2005
SunWise EliteF-36
Investment Objectives of the Segregated Fund
To obtain long-term total return by obtaining exposure primarily to foreignfixed income securities.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Global Bond Fund
Investment Objective of the Underlying Fund
To obtain long-term total return.
Investment Policy of the Underlying Fund
It invests primarily in fixed income and floating rate securities ofgovernments and companies throughout the world that the portfolio advisorbelieves offer an attractive yield and opportunity for capital gains. TheUnderlying Fund may make large investments in any country, includingemerging markets and emerging industries of developed markets, and inhigh yield securities of developed markets.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
New South Wales Treasury Corp., 7% 12/01/10...............................5.4%Mexico Government Bond 9% 12/20/12 ............................................5.2%United Kingdom Gilt 5% 03/07/25......................................................4.1%United States Treasury Note/Bond 4.375% 01/31/08.......................3.8%Poland Government Bond 5.75% 03/24/10 ........................................3.2%Israel Government Bond 7.5% 03/31/14 ............................................3.2%Netherlands Government Bond 3% 01/15/10....................................3.0%Norway Government Bond 5.5% 05/15/09 ........................................2.8%South Africa Government Bond 13% 08/31/10..................................2.8%Republic of Brazil 12.5% 01/05/16 .....................................................2.7%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the J.P Morgan Global GovernmentBond Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the J.P. Morgan Global Government Bond Index.
1 year 3 years 5 years 10 years LifeClass A 4.2 – – – 3.3Class B 4.3 – – – 3.5Class C 4.4 – – – 3.3J.P. Morgan Global Government Bond Index (%) 6.2 – – – 3.8
2005
2005
2005
-0.3
*
-0.2
*
-0.6
*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
5
0
-5
2006
2006
2006
4.2 4.3
4.4
$10,380
$10,447$10,410$10,390
Class AClass BClass CJ.P. Morgan GlobalGovernment Bond Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Signature Dividend Fund Inception Date: October 31, 2005
F-37
Investment Objectives of the Segregated Fund
To generate a high level of dividend income and to preserve capital byobtaining exposure primarily to equity, equity-related and fixed incomesecurities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Signature Dividend Fund
Investment Objective of the Underlying Fund
To generate a high level of dividend income and to preserve capital.
Investment Policy of the Underlying Fund
It invests primarily in preferred shares and dividend paying common sharesof Canadian companies.
It may also invest in other common shares, fixed income securities andincome trusts. The Underlying Fund may also invest in foreign securities.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Toronto-Dominion Bank........................................................................3.4%Royal Bank of Canada ..........................................................................2.0%TransCanada Corp.................................................................................1.8%Enbridge Inc. .........................................................................................1.7%Cameco Corp.........................................................................................1.7%Manulife Financial Corp. ......................................................................1.6%Imperial Oil Ltd......................................................................................1.5%Cia Vale do Rio Doce............................................................................1.4%Barrick Gold Corp..................................................................................1.4%General Electric Co. ..............................................................................1.4%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to a blend of 60% S&P/TSX CompositeIndex and 40% BMO Nesbitt Burns 50 Preferred Total Return Index.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to a blend of 60% S&P/TSX Composite Index and 40% BMONesbitt Burns 50 Preferred Total Return Index.
1 year 3 years 5 years 10 years LifeClass A 10.6 – – – 12.2Class B 10.7 – – – 12.5Class C 10.7 – – – 12.4Blended Index (%) 12.0 – – – 16.0
Fund
Fac
t She
ets
2005
2005
2005
3.3* 3.6*
3.5*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
15
10
5
0
-5
2006
2006
2006
10.6
10.7
10.7
$11,460
$11,892$11,470
$11,430
Class AClass BClass CBlended Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Signature High Income Fund Inception Date: October 31, 2005
SunWise EliteF-38
Investment Objectives of the Segregated Fund
To generate a high level of income and long-term capital growth byobtaining exposure primarily to high-yielding equity and equity related andfixed income securities of Canadian issuers.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Signature High Income Fund
Investment Objective of the Underlying Fund
To generate a high level of income and long-term capital growth.
Investment Policy of the Underlying Fund
It invests primarily in high-yielding equity securities and Canadian corporatebonds.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
ARC Energy Trust ..................................................................................2.4%BNP Paribas SA ....................................................................................2.3%H&R REIT...............................................................................................2.0%Penn West Energy Trust .......................................................................1.9%RioCan REIT...........................................................................................1.8%Calloway REIT .......................................................................................1.7%Inter Pipeline Fund LP...........................................................................1.5%BCE Inc. (CAD).......................................................................................1.3%Vermilion Energy Trust..........................................................................1.2%Bank of America Corp. .........................................................................1.1%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the SCM Universe Total Return BondIndex and a blend of 67% S&P/TSX Capped Income Trust Total Return Indexand 33% Merrill Lynch U.S. High Yield Master II Index (HOAO).
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the SCM Universe Total Return Bond Index and a blend of 67%S&P/TSX Capped Income Trust Total Return Index and 33% Merrill LynchU.S. High Yield Master II Index (HOAO).
1 year 3 years 5 years 10 years LifeClass A 5.9 – – – 12.0Class B 6.2 – – – 12.7Class C 6.3 – – – 11.7SCM Universe Total Return Bond Index (%) 4.0 – – – 4.9Blended Index (%) 2.4 – – – 9.6
2005
2005
2005
7.7* 8.
2*
7.0*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
10
5
0
-5
2006
2006
2006
5.9 6.2
6.3
$11,370$11,131$10,577
$11,490$11,410
Class AClass BClass CBlended IndexScotia Capital UniverseTotal Retun Bond Index
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Money Market Fund Inception Date: October 31, 2005
F-39
Investment Objectives of the Segregated Fund
To earn income at the highest rate of return that is consistent withpreserving capital and maintaining liquidity by obtaining exposure to moneymarket instruments.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Money Market Fund
Investment Objective of the Underlying Fund
To earn income at the highest rate of return that is consistent withpreserving capital and maintaining liquidity.
Investment Policy of the Underlying Fund
It invests primarily in money market instruments that mature in less than365 days. These include:
• short-term debt obligations issued or guaranteed by the governments ofCanada, any province or any agency of these governments
• commercial paper and other high quality short-term debt obligations ofCanadian corporations and Canadian chartered banks. It may also investin foreign securities.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
HSBC Bank Canada BDN 4.33% 01/23/2007.....................................4.1%CIBC BA 4.31% 02/15/2007 ................................................................4.1%Royal Bank of Canada BA 4.3% 01/02/2007......................................3.9%Province of Nova Scotia Prom Note 4.2% 01/18/2007 .....................3.8%Merrill Lynch 4.43% 11/09/2009.........................................................3.7%Province of Ontario T-Bill 4.18% 02/12/2007.....................................3.5%Canadian Imperial Bank of Commerce, 4.44571% 07/14/2008........3.3%Credit Agricole SA 4.39% 10/06/2008 ...............................................3.3%General Electric Capital Corp., 4.48357% 08/27/2008......................3.3%Government of Canada T-Bill 4.15% 01/11/2007 ..............................3.3%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
Year-by-year returns of the Fund (%)
The following chart shows the year-by-year annual performance of the Fund.The chart shows, in percentage terms, how much an investment made onJanuary 1 in each year would have grown or decreased by December 31 inthat year.
Overall past performance of the Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund.
Compound Annual Returns of the Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund.
1 year 3 years 5 years 10 years LifeClass A 2.6 – – – 2.5Class B 2.6 – – – 2.7Class C 2.7 - – – 2.6
Fund
Fac
t She
ets
2005
2005
2005
0.3* 0.
6*
0.3*
Class AClass BClass C
*These figures are for the period from October 31, 2005 to December 31, 2005.
5
0
-5
2006
2006
2006
2.6 2.6
2.7
$10,300$10,320$10,290
Class AClass BClass C
Value of $10,000 invested October 31, 2005to December 31, 2006.
$5,000
$10,000
$15,000
Oct ’05
Nov ’05
Dec ’05
Jan ’06
Feb ’0
6
Mar ’06
Apr ’06
May ’06
Jun ’06Jul ’0
6
Aug ’06
Sep ’06
Oct ’06
Nov ’06
Dec ’06
SunWise Elite CI Harbour Foreign Growth & Income Corporate Fund Inception Date: April 2007
SunWise EliteF-40
Investment Objectives of the Segregated Fund
To obtain maximum long term capital growth by obtaining exposureprimarily to equity, equity-related and fixed income securities of issuerslocated anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Harbour Foreign Growth & Income Corporate Class
Investment Objective of the Underlying Fund
To obtain long-term total return through a prudent balance of income andcapital appreciation.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities and fixed incomesecurities of issuers located throughout the world. The Underlying Fund isnot limited to how much it invests in a country or asset class or keepsinvested in each asset class. This will vary according to market conditions.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Royal Bank of Scotland Group PLC......................................................3.5%Nestle SA, Registered Shares .............................................................3.4%Citigroup Inc. .........................................................................................2.7%Diageo PLC............................................................................................2.6%Rio Tinto PLC.........................................................................................2.5%Vinci SA.................................................................................................2.2%BHP Billiton Ltd. ....................................................................................2.1%Air Liquide .............................................................................................2.0%Schneider Electric SA...........................................................................2.0%Patterson-UTI Energy Inc......................................................................1.9%
Performance
Past performance should not be construed as being indicative of the futureperformance of the Fund.
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Pastperformance information is instead provided for the class of securities of theUnderlying Fund which we believe most closely approximates the coststructure of an investment in the Fund. The performance of the Fund couldbe expected to be different from that indicated for the Underlying Fund.Past performance information should not be construed as being indicative ofthe future performance of the Fund or the Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Underlying Fund, as compared to a blend of 60% MSCIWorld Index and 40% J.P. Morgan Global Government Bond Index.
Compound Annual Returns of the Underlying Fund as at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to a blend of 60% MSCI World Index and40% J.P. Morgan Global Government Bond Index.
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 13.0 5.5 – – 6.9Blended Index (%) 15.0 6.4 – – 5.8
2003
2004
2005
11.3
2.3
1.6
2006
13.0
Underlying Fund
15
10
5
0
-5
$12,517$13,070
Underlying FundBlended Index
Dec’02
Dec’03
Dec ’06
Dec’04
Dec’05
$5,000
$10,000
$15,000
SunWise Elite CI Global High Dividend Advantage Fund Inception Date: April, 2007
F-41
Investment Objectives of the Segregated Fund
To generate a stable stream of income and to preserve and enhance the netasset value of the fund by obtaining exposure primarily to income-generating equity, equity-related and fixed income securities of issuerslocated anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
CI Global High Dividend Advantage Fund
Investment Objective of the Underlying Fund
To provide investors with a stable stream of tax efficient monthlydistributions, consisting mostly of capital gains and returns of capital, of$0.05 per unit ($0.60 per annum), and to endeavor to preserve and enhancethe net asset value of the Underlying Fund.
Investment Policy of the Underlying Fund
In order to achieve its objectives, the Underlying Fund invests primarily inequity securities of Canadian issuers, also known as its Canadian equityportfolio, as well as in dividend-paying common and preferred shares,debentures, income trusts, equity-related securities and convertiblesecurities issued by issuers anywhere in the world. The Underlying Fundalso will enter into one or more derivatives to obtain exposure to one ormore baskets of securities, also called equity baskets, consisting primarilyof dividend-paying common and preferred shares, debentures, incometrusts, equity-related securities and convertible securities issued by issuersanywhere in the world, together with the earnings thereon.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Duke Energy Corp. ................................................................................2.3%AT&T Inc................................................................................................2.1%Verizon Communications Inc. ...............................................................2.1%Citizens Communications Co................................................................2.0%AllianceBernstein Holding LP...............................................................2.0%Pfizer Inc................................................................................................2.0%KeySpan Corp........................................................................................1.8%Diageo PLC............................................................................................1.5%Idearc Inc...............................................................................................1.5%UST Inc. .................................................................................................1.5%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Theperformance of the Fund could be expected to be different from thatindicated for the Underlying Fund. Past performance information should notbe construed as being indicative of the future performance of the Fund orthe Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
Performance information will be reported once the Underlying Fund hasbeen in existence for more than one year.
Overall past performance of the Underlying Fund
Performance information will be reported once the Underlying Fund hasbeen in existence for more than one year.
Compound Annual Returns of the Underlying Fund as at December 31, 2006
Performance information will be reported once the Underlying Fund hasbeen in existence for more than one year.
Fund
Fac
t She
ets
SunWise Elite TD Canadian Bond Fund Inception Date: April, 2007
SunWise EliteF-42
Investment Objectives of the Segregated Fund
To earn a high rate of interest income by obtaining exposure primarily toCanadian fixed income securities.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
TD Canadian Bond Fund
Investment Objective of the Underlying Fund
To earn a high rate of interest income through investments in high-qualitybonds and debentures issued principally by Canadian borrowers in Canadiandollars. These securities may consist of debt obligations of, or guaranteed by,Canadian federal, provincial or municipal governments, Canadian charteredbanks, Canadian loan or trust companies or Canadian corporations.
Investment Policy of the Underlying Fund
The portfolio adviser seeks to achieve the fundamental investment objectiveof the Underlying Fund by focusing on the Canadian corporate debt marketas well as global macroeconomic trends. The portfolio adviser believes astrategy using rigorous bottom-up security selection in regard to the macroenvironment will add value and enhance long- term performance while atthe same time reducing risk. Generally, the Underlying Fund employs a ’’buy-and-hold’’ strategy, which keeps Underlying Fund expenses lower.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Government of Canada 5.75% due June 01, 2033 ............................6.0%Province of Ontario Residual 4.67% due June 02, 2027 ...................3.7%Government of Canada Residual 4.27% due June 01, 2025.............2.5%BNS Capital Trust, Conv. 7.31% due June 30, 2011 ..........................2.1%Government of Canada 5.75% due June 01, 2029 ............................2.0%Government of Canada Real Return 4.25% due December 01, 2026 .1.9%Province of Quebec Real Return 4.50% due December 01, 2021.....1.7%Manulife Financial Capital Trust 6.70% due June 30, 2012..............1.7%Sun Life Capital Trust 6.865% due December 31, 2011 ....................1.3%Alberta Capital Finance Authority 4.45% due December 15, 2025 ..1.3%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Pastperformance information is instead provided for the class of securities of theUnderlying Fund which we believe most closely approximates the coststructure of an investment in the Fund. The performance of the Fund couldbe expected to be different from that indicated for the Underlying Fund.
Past performance information should not be construed as being indicative ofthe future performance of the Fund or the Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Fund, as compared to the SCM Universe Total ReturnBond Index.
Compound Annual Returns of the Underlying Fund as at December 31, 2006
The following table shows the annual compound total return of the Fund, ascompared to the SCM Universe Total Return Bond Index.
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 2.6 5.4 6.5 6.9 8.4SCM Universe Total Return Bond Index (%) 4.1 5.9 6.6 6.9 9.1
1997
10.7
1998
9.0
1999
-0.9
2000
11.3
2001
6.4
2002
9.0
2003
7.7
2004
7.2
2005
6.4
2006
2.6
Underlying Fund
15
10
5
0
-5
$19,416$19,435
Underlying FundScotia Capital UniverseTotal Return Bond Index
Dec ’96
Dec ’06
$10,000
$20,000
Dec ’97
Dec ’98
Dec ’99
Dec ’00
Dec ’01
Dec ’02
Dec ’03
Dec ’04
Dec ’05
SunWise Elite Dynamic Global Value Fund Inception Date: April, 2007
F-43
Investment Objectives of the Segregated Fund
To provide long-term capital growth through exposure to a broadlydiversified portfolio consisting primarily of equity and equity-relatedsecurities of issuers located outside of Canada.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Dynamic Global Value Fund
Investment Objective of the Underlying Fund
To provide long term capital growth through investment in a broadlydiversified portfolio consisting primarily of equity securities of businessesbased outside of Canada.
Investment Policy of the Underlying Fund
The Underlying Fund invests in a broadly diversified portfolio consistingprimarily of equity securities of businesses situated outside of Canada.Based on the portfolio advisor’s view of the global capital markets, theUnderlying Fund may invest from time to time in a limited number ofcountries and areas of the world. Investment analysis for this UnderlyingFund follows a bottom-up approach, which emphasizes careful companyspecific analysis. Using a value investment approach, this Underlying Fundinvests in companies that represent good value based on current stock pricerelative to the company’s intrinsic value.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Hagermeyer NV ....................................................................................2.5%Electricite de France .............................................................................2.3%Lehman Brothers Holdings Inc.............................................................2.0%Lincoln National Corporation ...............................................................2.0%SABMiller PLC ......................................................................................2.0%Compagnie de Saint-Gobain ................................................................2.0%SUPERVALUE INC. ................................................................................1.9%Wyndham Worldwide Corp..................................................................1.9%Bank Rakyat ..........................................................................................1.8%Zijin Mining Group Co. Ltd ...................................................................1.8%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year returns, the hypotheticalgrowth of a $10,000 investment in the Fund, and annual compound totalreturns for the Fund) is not currently available. Past performance informationis instead provided for the class of securities of the Underlying Fund whichwe believe most closely approximates the cost structure of an investment inthe Fund. Performance of the Fund could be expected to be different from
that indicated for the Underlying Fund. Past performance information shouldnot be construed as being indicative of future performance of the Fund orthe Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Underlying Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Underlying Fund as at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 22.8 18.1 9.1 9.0 8.2MSCI World Index (%) 20.6 11.3 3.8 6.4 10.9
Fund
Fac
t She
ets
1997
22.0
1998
9.2
1999
45.8
2000
-14.
7
2001
-7.9
2002
-17.
5
2003
13.9
2004
9.3
2005
22.7
2006
22.8
Underlying Fund
50
40
30
20
10
0
-10
-20
$19,490
$24,052
Underlying FundMSCI World Index (%)
Oct ’96
Oct ’06
Dec ’06
$25,000
$20,000
$15,000
$10,000
$5,000
Oct ’97
Oct ’98
Oct ’99
Oct ’00
Oct ’01
Oct ’02
Oct ’03
Oct ’04
Oct ’05
SunWise Elite Mackenzie Cundill Value Fund Inception Date: April, 2007
SunWise EliteF-44
Investment Objectives of the Segregated Fund
To obtain long-term capital growth by obtaining exposure primarily to equityand equity-related securities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Mackenzie Cundill Value Fund
Investment Objective of the Underlying Fund
To provide long-term capital growth from investments primarily in equitysecurities.
Investment Policy of the Underlying Fund
The Underlying Fund may invest the majority its assets in the securities ofcompanies in a single country or a single industry depending on prevailingmarket conditions. The portfolio advisor’s investment approach is based ona fundamental value philosophy: invest in securities which are tradingbelow their estimated intrinsic value, determined by reviewing corporatebalance sheets, earnings statements, dividend records, business prospects,management strengths and potential catalysts to realize shareholder value.Preservation of invested capital is the hallmark of the contrarian, valueapproach followed by the portfolio advisor.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
BCE Inc. .................................................................................................5.6%DIRECTV Group Inc. ..............................................................................4.9%IFIL Investments SpA............................................................................4.7%Kirin Brewery Co. Ltd............................................................................4.6%Korea Electric Power Corp. ..................................................................4.4%Liberty Meida Hldg Corp. Capital ........................................................4.4%Munchener Ruckers AG .......................................................................4.2%Nikko Cordial Corp................................................................................3.5%Nippon Telegraph & Telephone Corp. .................................................3.4%Pfizer Inc................................................................................................3.1%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Pastperformance information is instead provided for the class of securities of theUnderlying Fund which we believe most closely approximates the coststructure of an investment in the Fund. The performance of the Fund couldbe expected to be different from that indicated for the Underlying Fund.
Past performance information should not be construed as being indicative ofthe future performance of the Fund or the Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Underlying Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Underlying Fund as at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 9.4 11.1 9.7 – 14.0MSCI World Index (%) 20.7 11.4 3.8 – 2.9
1999
32.7
2000
19.9
2001
12.8
2002
-14.
2
2003
34.6
2004
11.9
2005
12.1
2006
9.4
Underlying Fund
40
30
20
10
0
-10
-20
$12,598
$29,009
Underlying FundMSCI World Index (%)
Oct ’98
Oct ’99
Dec ’06
Oct ’06
Oct ’00
Oct ’01
Oct ’02
Oct ’03
Oct ’04
Oct ’05
$10,000
$20,000
$30,000
SunWise Elite CI Harbour Foreign Equity Corporate Fund Inception Date: April, 2007
F-45
Investment Objectives of the Segregated Fund
To obtain long term capital growth by obtaining exposure primarily to equityand equity-related securities of issuers located anywhere in the world.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
Harbour Foreign Equity Corporate Class
Investment Objective of the Underlying Fund
To obtain long-term capital growth consistent with the preservation ofcapital.
Investment Policy of the Underlying Fund
It invests primarily in equity and equity-related securities of large and mid-capitalization companies around the world that the portfolio advisorbelieves have good potential for future growth and are attractively priced.The Underlying Fund will make investments chiefly in leading industrializednations and may from time to time invest in emerging markets.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Nestle SA, Registered Shares .............................................................5.4%Royal Bank of Scotland Group PLC......................................................5.2%Citigroup Inc. .........................................................................................4.3%Diageo PLC............................................................................................4.2%Rio Tinto PLC.........................................................................................4.0%Vinci SA.................................................................................................3.6%BHP Billiton Ltd. ....................................................................................3.4%Air Liquide .............................................................................................3.1%Schneider Electric SA...........................................................................3.1%Holcim Ltd. ............................................................................................2.9%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Pastperformance information is instead provided for the class of securities of theUnderlying Fund which we believe most closely approximates the coststructure of an investment in the Fund. The performance of the Fund couldbe expected to be different from that indicated for the Underlying Fund.Past performance information should not be construed as being indicative ofthe future performance of the Fund or the Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Underlying Fund, as compared to the MSCI World Index.
Compound Annual Returns of the Underlying Fund as at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to the MSCI World Index.
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 16.6 8.2 4.7 – 4.8MSCI World Index (%) 21.0 11.2 3.8 – 3.8
Fund
Fac
t She
ets
2002
2003
2004
-4.4
4.2 4.
9
2005
2006
3.5
16.6
Underlying Fund
20
15
10
5
0
-5
$12,056$12,600
Underlying FundMSCI World Index (%)
Dec ’01
Dec ’02
Dec ’06
Dec ’03
Dec ’04
Dec ’05
$5,000
$10,000
$15,000
SunWise Elite RBC Canadian Dividend Fund Inception Date: April, 2007
SunWise EliteF-46
Investment Objectives of the Segregated Fund
To achieve long-term total returns consisting of dividend income and regularand modest long-term capital growth. The Fund invests primarily in commonand preferred shares of major companies with above average dividendyields.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
RBC Canadian Dividend Fund
Investment Objective of the Underlying Fund
To achieve long-term total returns consisting of:
• regular dividend income, which benefits from the preferential taxtreatment given to dividend income; and
• modest long-term capital growth.
The Underlying Fund invests primarily in common and preferred shares ofmajor Canadian companies with above average dividend yields.
Investment Policy of the Underlying Fund
The Underlying Fund’s investment process is primarily based onfundamental research, although the portfolio manager will also considerquantitative and technical factors. Stock selection decisions are ultimatelybased on an understanding of the company, its business and its outlook.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Toronto-Dominion Bank........................................................................7.5%Royal Bank of Canada ..........................................................................7.3%CIBC .......................................................................................................5.5%Bank of Nova Scotia.............................................................................5.2%Manulife Financial Corp. ......................................................................4.4%Bank of Montreal..................................................................................4.1%Transcanada Corp. ................................................................................3.6%Canadian National Railway .................................................................3.0%Enbridge Inc. .........................................................................................2.8%Power Corp. of Canada ........................................................................2.8%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Pastperformance information is instead provided for the class of securities of theUnderlying Fund which we believe most closely approximates the coststructure of an investment in the Fund. The performance of the Fund couldbe expected to be different from that indicated for the Underlying Fund.
Past performance information should not be construed as being indicative ofthe future performance of the Fund or the Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Underlying Fund, as compared to the S&P/TSX CappedTotal Return Index.
Compound Annual Returns of the Underlying Fundas at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to the S&P/TSX Capped Total Return Index.
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 15.1 16.3 14.1 13.9 –S&P/TSX Composite Capped Total Return Index 17.3 18.6 13.1 11.5 –
1997
35.4
1998
2.4
1999
2.5
2000
28.3
2001
4.4
2002
-0.5
2003
23.5
2004
12.9
2005
21.1
2006
15.1
Underlying Fund
40
30
20
10
0
-10
$29,747
$36,820
Underlying FundS&P/TSX Composite Index
Dec ’96
Dec ’97
Dec ’06
Dec ’98
Dec ’99
Dec ’00
Dec ’01
Dec ’02
Dec ’03
Dec ’04
Dec ’05
$40,000
$30,000
$20,000
$10,000
SunWise Elite RBC O’Shaughnessy International Equity Fund Inception Date: April, 2007
F-47
Investment Objectives of the Segregated Fund
To provide long-term total return, consisting of capital growth and currentincome.
Investment Policy of the Segregated Fund
The Fund may achieve its investment objective by investing either directly insecurities of issuers or indirectly through one or more underlying mutualfunds. The Fund currently invests substantially all of its assets in theUnderlying Fund identified below.
Underlying Fund
RBC O’Shaughnessy International Equity Fund
Investment Objective of the Underlying Fund
To provide a long-term total return, consisting of capital growth and currentincome.
The Underlying Fund invests primarily in equity securities of companiesoutside of North America based on Strategy Indexing, an investmentportfolio management model developed in 1995 by O’Shaughnessy CapitalManagement Inc. Strategy Indexing is a rigorous and disciplined approachto stock selection based on characteristics associated with above-averagereturns over long periods of time. Stocks, including American DepositoryReceipts (ADRs), are bought and held over the course of each year, with noattempt to “time the markets.”
Investment Policy of the Underlying Fund
To achieve the Underlying Fund’s objective, the portfolio manager:
• employs a proprietary quantitative approach to security selection basedon research and analysis of historical data
• invests the Underlying Fund’s assets in securities selected through theInternational Value Strategy and the International Growth Strategy.
Top 10 Holdings of the Underlying Fund(December 31, 2006)
Telecom Corp. of New Zealand ...........................................................1.1%Fiat SpA (Italy).......................................................................................1.1%Volvo AB (Sweden) ...............................................................................1.1%National Bank of Greece......................................................................1.1%Man AG (Germany)...............................................................................1.1%Swedbank (Sweden).............................................................................1.0%Fortis (Belgium) .....................................................................................1.0%UPM-Kymmene OYJ (Finland)..............................................................1.0%Stora Enso OYJ (Finland)......................................................................1.0%Banca Intesa (Italy) ...............................................................................1.0%
Performance
The Fund was introduced April, 2007. As a result, past performanceinformation for the Fund (including year-by-year changes in performance,the hypothetical growth of a $10,000 investment in the Fund, and annualcompound total returns for the Fund) currently is unavailable. Pastperformance information is instead provided for the class of securities of theUnderlying Fund which we believe most closely approximates the coststructure of an investment in the Fund. The performance of the Fund could
be expected to be different from that indicated for the Underlying Fund.Past performance information should not be construed as being indicative ofthe future performance of the Fund or the Underlying Fund.
Year-by-year returns of the Underlying Fund (%)
The following chart shows the year-by-year annual performance of theUnderlying Fund. The chart shows, in percentage terms, how much aninvestment made on January 1 in each year would have grown or decreasedby December 31 in that year.
Overall past performance of the Underlying Fund
The following line graph shows the growth of a hypothetical $10,000investment in the Underlying Fund, as compared to the MSCI EAFE TotalReturn Index (CDN$).
Compound Annual Returns of the Underlying Fund as at December 31, 2006
The following table shows the annual compound total return of theUnderlying Fund, as compared to the MSCI EAFE Total Return Index (CDN$).
1 year 3 years 5 years 10 years LifeUnderlying Fund (%) 22.8 – – – –
MSCI EAFE Total Return Index (CDN$) 25.9 – – – –
Fund
Fac
t She
ets
2005
12.2
*
2006
22.8
Underlying Fund*This number represents the period January 17, 2005 to December 31, 2005.
25
20
15
10
5
0
-5
$13,704$13,656
Underlying FundMSCI EAFE Index (%)
Feb ’0
5
Feb ’0
6
July ’06
July ’05
Dec ’06
$5,000
$10,000
$15,000
Financial Highlights
F-48 SunWise Elite
The following tables show selected key financial information about the Funds and is intended to help you understand the Funds’ financial performance for thepast two financial years. This information is derived from the audited annual financial statements of the Funds, with the exception of the Portfolio Turnover Rate.
The Unit Value of each Fund as at December 31 was as follows:
2005 2006Fund Name Class A Class B Class C Class A Class B Class C
SunWise Elite CI Global Fund 10.41 10.31 10.37 11.96 11.89 12.03
SunWise Elite CI Global Value Fund 10.34 10.19 10.34 11.69 11.59 11.82
SunWise Elite CI International Value Fund 10.49 10.52 10.53 12.34 12.44 12.52
SunWise Elite CI Synergy Global Corporate Fund 10.36 10.34 10.27 12.03 12.05 12.03
SunWise Elite Fidelity NorthStar® Fund 10.31 10.33 10.33 11.28 11.35 11.41
SunWise Elite Trimark Select Growth Fund 10.32 10.33 10.33 12.52 12.59 12.66
SunWise Elite CI International Balanced Fund 10.31 10.28 10.19 11.49 11.51 11.43
SunWise Elite Fidelity Global Asset Allocation Fund 10.16 10.17 10.16 11.57 11.64 11.63
SunWise Elite Trimark Global Balanced Fund 10.21 10.22 10.21 12.15 12.19 12.21
SunWise Elite Dynamic Power American Growth Fund 9.91 9.90 9.92 9.55 9.61 9.68
SunWise Elite CI American Value Fund 9.94 9.99 10.12 11.37 11.50 11.71
SunWise Elite CI Synergy American Fund 10.09 10.02 10.02 11.25 11.21 11.27
SunWise Elite CI Value Trust Corporate Fund 10.31 10.27 10.24 10.71 10.72 10.74
SunWise Elite Fidelity Growth America Fund 10.00 9.89 10.01 10.58 10.51 10.68
SunWise Elite AIM Canadian First Class Fund 10.70 10.57 10.52 12.24 12.15 12.16
SunWise Elite CI Canadian Investment Fund 10.69 10.90 10.71 12.03 12.32 12.15
SunWise Elite CI Harbour Fund 10.62 10.63 10.54 12.05 12.13 12.07
SunWise Elite CI Signature Select Canadian Fund 10.63 10.85 10.64 12.70 13.01 12.82
SunWise Elite CI Synergy Canadian Fund 10.69 10.63 10.74 12.43 12.41 12.59
SunWise Elite Fidelity True North® Fund 10.50 10.53 10.54 12.14 12.25 12.29
SunWise Elite Mackenzie Cundill Canadian Security Fund 10.94 10.29 10.29 11.75 11.10 11.15
SunWise Elite CI Canadian Asset Allocation Fund 10.40 10.41 10.41 11.27 11.33 11.35
SunWise Elite CI Harbour Growth & Income Fund 10.44 10.45 10.46 11.53 11.57 11.61
SunWise Elite Fidelity Canadian Asset Allocation Fund 10.40 10.43 10.41 11.51 11.60 11.60
Financial Highlights
F-49
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2005 2006Fund Name Class A Class B Class C Class A Class B Class C
SunWise Elite Mackenzie Cundill Canadian Balanced Fund 10.32 10.33 10.19 10.89 10.95 10.82
SunWise Elite CI Signature Income & Growth Fund 10.54 10.63 10.55 11.81 11.94 11.88
SunWise Elite Trimark Income Growth Fund 10.23 10.22 10.24 11.35 11.38 11.42
SunWise Elite Portfolio Series Balanced Fund 10.58 10.52 10.39 11.81 11.79 11.66
SunWise Elite Portfolio Series Conservative Fund 10.35 10.51 10.40 11.28 11.49 11.38
SunWise Elite Portfolio Series Income Fund 10.27 10.27 10.30 10.95 10.93 10.99
SunWise Elite Portfolio Series Balanced Growth Fund 10.30 10.31 10.34 11.48 11.53 11.59
SunWise Elite Portfolio Series Conservative Balanced Fund 10.32 10.38 10.39 11.30 11.42 11.42
SunWise Elite Portfolio Series Growth Fund 10.35 10.29 10.34 11.58 11.57 11.67
SunWise Elite Portfolio Series Maximum Growth Fund 10.38 10.34 10.37 11.84 11.85 11.94
SunWise Elite CI Canadian Bond Fund 10.13 10.15 10.13 10.37 10.40 10.39
SunWise Elite CI Global Bond Fund 9.97 9.98 9.94 10.39 10.41 10.38
SunWise Elite CI Signature Dividend Fund 10.33 10.36 10.35 11.43 11.47 11.46
SunWise Elite CI Signature High Income Fund 10.77 10.82 10.70 11.41 11.49 11.37
SunWise Elite CI Money Market Fund 10.03 10.06 10.03 10.29 10.32 10.30
Financial Highlights
F-50 SunWise Elite
Ratios and Supplemental Data
SunWise Elite CI Global Fund
2005 2006
Net Assets ($) (000’s) 288 5,167
Portfolio Turnover Rate* (%) 0.06 9.18
Number of Units Outstanding
Class A 18,300 220,972
Class B 6,687 161,439
Class C 2,763 50,226
MERs (%)
Class A 3.92 3.90
Class B 3.38 3.37
Class C 2.91 2.89
SunWise Elite CI Global Value Fund
2005 2006
Net Assets ($) (000’s) 88 2,393
Portfolio Turnover Rate* (%) 0.52 11.59
Number of Units Outstanding
Class A 5,162 111,061
Class B 660 68,150
Class C 2,713 25,824
MERs (%)
Class A 3.87 3.92
Class B 3.32 3.39
Class C 2.87 2.91
SunWise Elite CI International Value Fund
2005 2006
Net Assets ($) (000’s) 425 10,799
Portfolio Turnover Rate* (%) 0.05 4.73
Number of Units Outstanding
Class A 16,347 439,975
Class B 17,330 240,444
Class C 6,784 190,021
MERs (%)
Class A 3.87 3.90
Class B 3.35 3.37
Class C 2.88 2.89
SunWise Elite CI Synergy Global Corporate Fund
2005 2006
Net Assets ($) (000’s) 138 7,856
Portfolio Turnover Rate* (%) 1.40 9.50
Number of Units Outstanding
Class A 8,501 388,256
Class B 1,976 184,422
Class C 2,919 80,120
MERs (%)
Class A 3.91 3.90
Class B 3.41 3.37
Class C 2.86 2.89
SunWise Elite Fidelity NorthStar® Fund
2005 2006
Net Assets ($) (000’s) 2,480 30,663
Portfolio Turnover Rate* (%) 1.12 2.71
Number of Units Outstanding
Class A 108,527 1,366,854
Class B 83,623 818,045
Class C 48,075 522,239
MERs (%)
Class A 4.00 4.06
Class B 3.49 3.53
Class C 3.01 3.05
SunWise Elite Trimark Select Growth Fund
2005 2006
Net Assets ($) (000’s) 1,005 16,520
Portfolio Turnover Rate* (%) 0.22 3.46
Number of Units Outstanding
Class A 65,488 712,420
Class B 11,126 331,566
Class C 20,714 270,598
MERs (%)
Class A 4.13 4.09
Class B 3.60 3.56
Class C 3.11 3.07
Financial Highlights
F-51
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Ratios and Supplemental Data
SunWise Elite CI International Balanced Fund
2005 2006
Net Assets ($) (000’s) 196 3,150
Portfolio Turnover Rate* (%) 1.13 8.42
Number of Units Outstanding
Class A 10,020 88,895
Class B 6,006 88,976
Class C 3,078 96,656
MERs (%)
Class A 3.22 3.18
Class B 2.54 2.76
Class C 2.52 2.60
SunWise Elite Fidelity Global Asset Allocation Fund
2005 2006
Net Assets ($) (000’s) 159 2,558
Portfolio Turnover Rate* (%) 0.00 29.95
Number of Units Outstanding
Class A 8,915 84,226
Class B 5,257 73,587
Class C 1,512 62,538
MERs (%)
Class A 3.22 3.26
Class B 2.79 2.84
Class C 2.62 2.67
SunWise Elite Trimark Global Balanced Fund
2005 2006
Net Assets ($) (000’s) 908 16,842
Portfolio Turnover Rate* (%) 0.66 3.62
Number of Units Outstanding
Class A 46,279 582,879
Class B 18,858 524,428
Class C 23,779 275,818
MERs (%)
Class A 3.29 3.23
Class B 2.88 2.79
Class C 2.72 2.64
SunWise Elite Dynamic Power American Growth Fund
2005 2006
Net Assets ($) (000’s) 210 2,965
Portfolio Turnover Rate* (%) 0.03 20.22
Number of Units Outstanding
Class A 10,185 192,122
Class B 9,732 81,897
Class C 1,282 35,399
MERs (%)
Class A 4.02 4.20
Class B 3.50 3.67
Class C 2.99 3.19
SunWise Elite CI American Value Fund
2005 2006
Net Assets ($) (000’s) 374 4,083
Portfolio Turnover Rate* (%) 0.53 14.78
Number of Units Outstanding
Class A 18,011 166,189
Class B 6,393 126,767
Class C 12,959 62,797
MERs (%)
Class A 3.85 3.90
Class B 3.34 3.37
Class C 2.88 2.89
SunWise Elite CI Synergy American Fund
2005 2006
Net Assets ($) (000’s) 120 2,439
Portfolio Turnover Rate* (%) 0.06 18.33
Number of Units Outstanding
Class A 5,820 122,850
Class B 559 68,662
Class C 5,548 25,527
MERs (%)
Class A 3.86 3.90
Class B 3.21 3.36
Class C 2.87 2.89
Financial Highlights
F-52 SunWise Elite
Ratios and Supplemental Data
SunWise Elite CI Value Trust Corporate Fund
2005 2006
Net Assets ($) (000’s) 456 5,587
Portfolio Turnover Rate* (%) 0.01 21.66
Number of Units Outstanding
Class A 23,539 152,388
Class B 14,109 96,234
Class C 6,651 272,290
MERs (%)
Class A 3.87 3.90
Class B 3.34 3.37
Class C 2.87 2.89
SunWise Elite Fidelity Growth America Fund
2005 2006
Net Assets ($) (000’s) 178 1,095
Portfolio Turnover Rate* (%) 0.67 7.60
Number of Units Outstanding
Class A 14,413 45,266
Class B 373 36,676
Class C 2,973 21,565
MERs (%)
Class A 3.94 4.01
Class B 3.29 3.47
Class C 2.94 3.00
SunWise Elite AIM Canadian First Class Fund
2005 2006
Net Assets ($) (000’s) 722 13,199
Portfolio Turnover Rate* (%) 12.02 3.78
Number of Units Outstanding
Class A 35,452 654,461
Class B 29,031 312,795
Class C 3,461 114,109
MERs (%)
Class A 4.10 3.93
Class B 3.56 3.46
Class C 3.12 3.03
SunWise Elite CI Canadian Investment Fund
2005 2006
Net Assets ($) (000’s) 11,106 106,600
Portfolio Turnover Rate* (%) 0.02 1.73
Number of Units Outstanding
Class A 523,793 4,838,997
Class B 313,502 2,704,476
Class C 195,386 1,238,983
MERs (%)
Class A 3.76 3.79
Class B 3.29 3.31
Class C 2.88 2.89
SunWise Elite CI Harbour Fund
2005 2006
Net Assets ($) (000’s) 5,707 73,407
Portfolio Turnover Rate* (%) 0.25 2.03
Number of Units Outstanding
Class A 358,279 3,925,509
Class B 97,957 1,393,806
Class C 81,727 762,402
MERs (%)
Class A 3.76 3.79
Class B 3.28 3.31
Class C 2.88 2.89
SunWise Elite CI Signature Select Canadian Fund
2005 2006
Net Assets ($) (000’s) 3,094 40,385
Portfolio Turnover Rate* (%) 0.24 4.63
Number of Units Outstanding
Class A 128,632 1,752,479
Class B 95,998 883,514
Class C 64,403 518,315
MERs (%)
Class A 3.76 3.79
Class B 3.29 3.31
Class C 2.87 2.89
Financial Highlights
F-53
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Ratios and Supplemental Data
SunWise Elite CI Synergy Canadian Fund
2005 2006
Net Assets ($) (000’s) 447 6,961
Portfolio Turnover Rate* (%) 0.50 7.76
Number of Units Outstanding
Class A 14,164 313,774
Class B 9,114 143,237
Class C 18,510 101,809
MERs (%)
Class A 3.76 3.80
Class B 3.29 3.32
Class C 2.88 2.90
SunWise Elite Fidelity True North® Fund
2005 2006
Net Assets ($) (000’s) 1,078 16,533
Portfolio Turnover Rate* (%) 8.04 5.41
Number of Units Outstanding
Class A 47,439 753,722
Class B 35,788 439,102
Class C 19,237 163,381
MERs (%)
Class A 3.84 3.90
Class B 3.37 3.42
Class C 2.96 3.00
SunWise Elite Mackenzie Cundill Canadian Security Fund
2005 2006
Net Assets ($) (000’s) 1,205 11,928
Portfolio Turnover Rate* (%) 9.79 5.83
Number of Units Outstanding
Class A 82,547 659,953
Class B 21,421 211,923
Class C 7,909 163,726
MERs (%)
Class A 4.06 4.03
Class B 3.55 3.55
Class C 3.32 3.13
SunWise Elite CI Canadian Asset Allocation Fund
2005 2006
Net Assets ($) (000’s) 819 10,903
Portfolio Turnover Rate* (%) 0.24 8.36
Number of Units Outstanding
Class A 21,134 362,804
Class B 32,689 315,740
Class C 24,917 285,154
MERs (%)
Class A 3.15 3.15
Class B 2.73 2.73
Class C 2.56 2.57
SunWise Elite CI Harbour Growth & Income Fund
2005 2006
Net Assets ($) (000’s) 11,746 118,510
Portfolio Turnover Rate* (%) 0.06 1.80
Number of Units Outstanding
Class A 626,485 5,472,295
Class B 256,333 3,004,315
Class C 241,290 1,779,464
MERs (%)
Class A 3.13 3.16
Class B 2.72 2.73
Class C 2.56 2.57
SunWise Elite Fidelity Canadian Asset Allocation Fund
2005 2006
Net Assets ($) (000’s) 3,214 32,626
Portfolio Turnover Rate* (%) 11.13 3.06
Number of Units Outstanding
Class A 155,979 1,301,372
Class B 85,244 864,398
Class C 67,561 656,230
MERs (%)
Class A 3.23 3.26
Class B 2.80 2.84
Class C 2.64 2.68
Financial Highlights
F-54 SunWise Elite
Ratios and Supplemental Data
SunWise Elite Mackenzie Cundill Canadian Balanced Fund
2005 2006
Net Assets ($) (000’s) 2,085 16,866
Portfolio Turnover Rate* (%) 4.14 7.66
Number of Units Outstanding
Class A 141,417 841,865
Class B 41,014 408,350
Class C 19,774 298,553
MERs (%)
Class A 3.35 3.41
Class B 2.93 2.98
Class C 2.78 2.82
SunWise Elite CI Signature Income & Growth Fund
2005 2006
Net Assets ($) (000’s) 4,718 53,206
Portfolio Turnover Rate* (%) 5.51 2.04
Number of Units Outstanding
Class A 201,387 2,640,618
Class B 139,394 1,124,154
Class C 105,564 724,487
MERs (%)
Class A 3.12 3.15
Class B 2.71 2.73
Class C 2.55 2.57
SunWise Elite Trimark Income Growth Fund
2005 2006
Net Assets ($) (000’s) 4,514 27,085
Portfolio Turnover Rate* (%) 0.42 5.05
Number of Units Outstanding
Class A 284,326 1,404,948
Class B 79,169 521,752
Class C 77,741 455,191
MERs (%)
Class A 3.34 3.29
Class B 2.92 2.86
Class C 2.75 2.70
SunWise Elite Portfolio Series Balanced Fund
2005 2006
Net Assets ($) (000’s) 9,020 118,117
Portfolio Turnover Rate* (%) 5.87 1.78
Number of Units Outstanding
Class A 416,994 5,608,523
Class B 284,680 3,292,370
Class C 154,949 1,120,079
MERs (%)
Class A 3.13 3.15
Class B 2.74 2.73
Class C 2.56 2.57
SunWise Elite Portfolio Series Conservative Fund
2005 2006
Net Assets ($) (000’s) 6,983 59,254
Portfolio Turnover Rate* (%) 0.95 10.24
Number of Units Outstanding
Class A 394,979 3,117,981
Class B 165,279 1,605,428
Class C 111,334 495,902
MERs (%)
Class A 3.04 3.05
Class B 2.67 2.68
Class C 2.58 2.57
SunWise Elite Portfolio Series Income Fund
2005 2006
Net Assets ($) (000’s) 4,437 33,777
Portfolio Turnover Rate* (%) 0.76 7.58
Number of Units Outstanding
Class A 226,675 1,886,630
Class B 175,998 912,400
Class C 29,322 286,319
MERs (%)
Class A 2.45 2.46
Class B 2.41 2.42
Class C 2.25 2.31
Financial Highlights
F-55
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Ratios and Supplemental Data
SunWise Elite Portfolio Series Balanced Growth Fund
2005 2006
Net Assets ($) (000’s) 2,312 41,920
Portfolio Turnover Rate* (%) 0.11 7.37
Number of Units Outstanding
Class A 87,476 1,826,005
Class B 87,589 1,401,421
Class C 49,103 413,228
MERs (%)
Class A 3.11 3.15
Class B 2.70 2.73
Class C 2.54 2.57
SunWise Elite Portfolio Series Conservative Balanced Fund
2005 2006
Net Assets ($) (000’s) 4,411 36,247
Portfolio Turnover Rate* (%) 1.24 5.80
Number of Units Outstanding
Class A 233,878 1,776,986
Class B 147,740 1,176,015
Class C 44,561 239,721
MERs (%)
Class A 3.07 3.10
Class B 2.64 2.68
Class C 2.54 2.57
SunWise Elite Portfolio Series Growth Fund
2005 2006
Net Assets ($) (000’s) 1,073 16,065
Portfolio Turnover Rate* (%) 4.18 6.06
Number of Units Outstanding
Class A 65,732 688,038
Class B 30,446 433,550
Class C 7,673 264,150
MERs (%)
Class A 3.77 3.79
Class B 3.28 3.31
Class C 2.86 2.89
SunWise Elite Portfolio Series Maximum Growth Fund
2005 2006
Net Assets ($) (000’s) 300 7,598
Portfolio Turnover Rate* (%) 0.63 17.20
Number of Units Outstanding
Class A 11,597 447,921
Class B 16,066 118,732
Class C 1,340 74,271
MERs (%)
Class A 3.79 3.84
Class B 3.31 3.37
Class C 2.83 2.89
SunWise Elite CI Canadian Bond Fund
2005 2006
Net Assets ($) (000’s) 2,434 18,595
Portfolio Turnover Rate* (%) 2.21 11.59
Number of Units Outstanding
Class A 140,664 1,167,028
Class B 61,756 384,318
Class C 37,632 239,879
MERs (%)
Class A 2.14 2.15
Class B 2.07 2.09
Class C 1.98 1.99
SunWise Elite CI Global Bond Fund
2005 2006
Net Assets ($) (000’s) 179 2,397
Portfolio Turnover Rate* (%) 1.13 13.16
Number of Units Outstanding
Class A 10,826 166,656
Class B 5,658 41,139
Class C 1,505 22,846
MERs (%)
Class A 2.15 2.17
Class B 2.08 2.11
Class C 1.99 2.01
Financial Highlights
F-56 SunWise Elite
Ratios and Supplemental Data
SunWise Elite CI Signature Dividend Fund
2005 2006
Net Assets ($) (000’s) 7,458 64,453
Portfolio Turnover Rate* (%) 0.00 4.02
Number of Units Outstanding
Class A 503,457 3,644,931
Class B 155,564 1,497,199
Class C 62,212 490,266
MERs (%)
Class A 2.19 2.20
Class B 2.14 2.15
Class C 2.03 2.04
SunWise Elite CI Signature High Income Fund
2005 2006
Net Assets ($) (000’s) 11,799 101,896
Portfolio Turnover Rate* (%) 0.04 4.89
Number of Units Outstanding
Class A 675,946 5,562,954
Class B 338,146 2,420,823
Class C 80,559 935,235
MERs (%)
Class A 2.35 2.36
Class B 2.14 2.15
Class C 1.98 1.99
SunWise Elite CI Money Market Fund
2005 2006
Net Assets ($) (000’s) 3,801 31,325
Portfolio Turnover Rate* (%) 92.06 149.60
Number of Units Outstanding
Class A 165,427 1,825,155
Class B 155,414 764,665
Class C 57,711 451,634
MERs (%)
Class A 1.43 1.47
Class B 1.39 1.41
Class C 1.32 1.36
* The Portfolio Turnover Rate indicates how often the portfolio advisorbought and sold securities for the Fund. A Portfolio Turnover Rate of 100%is equivalent to the Fund buying and selling all of the securities in itsportfolio once during the year. The higher the Portfolio Turnover Rate, thegreater the Funds trading costs in the year. There is not necessarily arelationship between high turnover and Fund performance.
Head Office2 Queen Street East, Twentieth FloorToronto, Ontario M5C 3G7Tel: 416-364-1145Toll Free: 1-800-268-9374English Client Services Team: 1-800-563-5181French Client Services Team: 1-800-668-3528
Sales OfficesCalgary Tel: 403-205-4396 Toll Free: 1-800-776-9027Halifax Tel: 902-422-2444 Toll Free: 1-888-246-8887Montreal Tel: 514-875-0090 Toll Free: 1-800-268-1602Vancouver Tel: 604-681-3346 Toll Free: 1-800-665-6994CI Teleservice: 1-800-275-3672 Automated account informationE-mail: service@ci.com • www.ci.com
Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuitycontract providing for investment in SunWise Elite segregated funds. A description of the key features of the applicable individual variable annuitycontract is contained in the Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THATIS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE INVALUE. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc.TMHarbour Advisors is a trademark of CIInvestments Inc. ®SunWise is a registered trademark of Sun Life Assurance Company of Canada. ™AIM, the chevron logo and all associated trademarksare trademarks of AIM Management Group Inc., used under licence. *TRIMARK and all associated trademarks are trademarks of AIM Funds ManagementInc. ®Fidelity Investments and the Fidelity design are registered trademarks of FMR Corp. ®RBC Asset Management is a registered trademark of RoyalBank of Canada. ™TD Asset Management is a trademark of The Toronto-Dominion Bank, used under licence. SW
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