Fund management

Portfolio Advisor: Harbour Advisors

Co-Chief Investment Officers: Gerry ColemanStephen Jenkins

Portfolio managers: Aleksy Wojcik Phil D’Iorio

About Harbourn Harbour is a Toronto-based

investment management team that currently manages over $15 billion in assets on behalf of CI Investments.

n Gerry Coleman, Harbour’s Co-Chief Investment Officer, has over 40 years experience. He was named Fund Manager of the Year in 2001 and 2008 at the Morningstar Canadian Investment Awards.

n Harbour focuses its efforts on a select group of quality companies, assembling concentrated portfolios of approximately 40 stocks that are held for an average of three to five years.

n Harbour aims to achieve above-average long-term growth while preserving their capital base. The managers focus on identifying high-quality businesses and buying them at a sensible price, with no attempt to time or forecast the market.

Holdings analysis

Asset class

Canadian equity 51%

US equity 18%

Cash 17%

International equity 14%

Geographic allocation

Canada 51%

Cash and other 21%

United States 18%

Belgium 3%

France 3%

United Kingdom 2%

Switzerland 2%

Sector allocation

Cash & equivalents 17%

Consumer discretionary 16%

Consumer staples 14%

Materials 13%

Energy 11%

Financials 10%

Industrials 9%

Technology 6%

Health care 4%

April 30, 2013

Harbour Voyageur Corporate Class

Fund characteristics

Fund inception date: July 27, 2011

Assets: $54.9 million**As at March 31, 2013

Investment objective:The fund’s objective is to obtain maximum long term capital growth primarily by investing in equity and equity-related securities of Canadian companies that the portfolio advisors believe have good potential for future growth.

How is the fund managed? The fund mainly invests in Canadian equities

but may invest up to 49% of the portfolio in foreign holdings.

The portfolio consists of small to large-cap companies encompassing all industry sectors.

Companies selected for the fund generally have healthy cash flows, strong balance sheets, a leading industry or niche position, proven management and good future growth prospects.

Why invest in this fund? You want a core Canadian equity fund for

your portfolio You are investing for the medium and/or

long term You are willing to tolerate medium risk

PORTFOLIO SNAPSHOT

1304-0818_E (05/13)

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. ®CI Investments, CI Investments design, Harbour Advisors and Harbour Funds are registered trademarks of CI Investments Inc. This document was first published in October 2011.

FOR DEALER USE ONLY

Holdings Top 15 holdings Country Sector WeightingAlimentation Couche-Tard Canada Consumer staples 4.5%Anheuser-Busch Inbev Belgium Consumer staples 2.8%Bauer Performance Sports Canada Consumer discretionary 2.4%Canadian Natural Resources Canada Energy 3.6%Canadian Western Bank Canada Financials 2.2%CCL Industries Canada Materials 2.6%CVS Caremark United States Consumer staples 5.0%Dollar Tree United States Consumer discretionary 3.0%Dollarama Canada Consumer discretionary 4.1%Ensco United Kingdom Energy 2.2%Halliburton United States Energy 2.5%Honeywell International United States Industrials 2.2%Intact Financials Canada Financials 3.8%Michelin France Consumer discretionary 2.6%TD Bank Canada Financials 4.5%

April 30, 2013

Harbour Voyageur Corporate ClassPORTFOLIO SNAPSHOT

Fund codesClass A

Class FISC DSC LL

Harbour Voyageur Corporate Class 2576 3576 1576 4576

US$ 2586 3586 1586 4586

T5 176T5 276T5 376T5 476T5

T8 676T8 776T8 876T8 976T8

2 Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I www.ci.comCalgary403-205-43961-800-776-9027

Head Office / Toronto416-364-1145 1-800-268-9374

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

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

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

Performance YTD 1 Month 6 Month 1 Year Since inception*

Harbour Voyageur Corporate Class (Class A) 4.3% -1.3% 4.3% 4.4% 9.9%

*August 2, 2011