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Multi Select Income Trust

Snapshot

Multi Select Income Trust - Capital units
TSX Symbol/Fund Code: MST.UN
Inception Date: September 16, 2004
Investment Type: Closed-end investment trust
 
Multi Select Income Trust - Preferred securities
TSX Symbol/Fund Code: MST.PR.A
Inception Date: September 16, 2004
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Michael Simpson
Details
Portfolio Manager:
Sandy McIntyre
Details
Portfolio Manager:
Aubrey Hearn
Details
Net Asset Value
NAVPU NAV Date
Multi Select Income Trust - Capital units $5.01 October 9, 2008
show all
 
Market Price
Price Change As Of
Multi Select Income Trust - Capital units $3.67 -$1.63 October 10, 2008
Multi Select Income Trust - Preferred securities $7.27 -$2.23 October 10, 2008
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Product overview


Multi Select Income Trust is a closed-end investment trust that invests in a diversified portfolio of commercial and industrial income trusts, real estate investment trusts, and oil and gas trusts.

The Trust offers investors both Capital Units and Preferred Securities.

Capital Units investors receive tax-efficient monthly distributions and participate in the performance of the portfolio, as any increases in distributions and capital appreciation of the portfolio flow through to Capital Units. Capital Units meet the needs of investors who seek tax-advantaged income, and potential capital appreciation. This investment is ideally suited for non-registered investment accounts.

Investors in Preferred Securities receive quarterly fixed interest payments of 6.5 per cent per, made in priority to any distributions on Capital Units. Preferred Securities of Alliance Split Income Trust meet the needs of investors who want steady income with an attractive interest rate. This fixed income investment is ideally suited for tax-sheltered registered accounts

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Performance


CAPITAL UNITS

Average Annual Compound Returns - by Market Price  (as of September 30, 2008)
YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
-12.8%
-26.2%
-18.1%
-19.5%
2.6%
n/a
10.2%

Annual Returns - by NAV

2007
2006
2005
2004*
 
 
6.5%
3.6%
42.9%
15.1%
 
 

Annual Returns - by Market Price

2007
2006
2005
2004*
 
 
8.9%
-0.2%
36.6%
9.8%
 
 
*Total return for the period September 16, 2004 - December 31, 2004


PREFERRED SECURITIES

Average Annual Compound Returns - by Market Price  (as of September 30, 2008)
YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
1.6%
-1.8%
-0.5%
2.5%
3.4%
n/a
13.8%

Annual Returns - by Market Price

2007
2006
2005
2004*
 
 
4.0%
3.2%
6.0%
7.9%
 
*Total return for the period September 16, 2004 - December 31, 2004

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Portfolio manager

Michael Simpson, Vice-President and Senior Portfolio Manager

Michael joined Sentry Select in 2002; he specializes in commercial and industrial income trusts, as well as resource-based trusts.

Sandy McIntyre, Senior Vice-President and Chief Investment Officer

Sandy joined Sentry Select in 2000; he provides guidance and oversight to the investment management department.

Aubrey Hearn, Associate Portfolio Manager

Aubrey joined Sentry Select in 2005; he focuses on business trusts in the consumer and industrial sectors.

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Distributions


Capital units:

Current monthly distributions of $0.07

2007

2006
2005
20041
From income (excl. dividends)

-

-
-
0.02
From dividends

-

0.22
-
0.03
From capital gains

2.10

0.98
1.29
0.01
Return of capital

0.25

0.64
1.25
0.20
Total distributions2

2.35

1.84
2.54
0.26
1Results are for the period September 16, 2004 - December 31, 2004
2 Distributions are based on the actual number of units outstanding at the relevant time.

Preferred securities:

Current quarterly distributions of $0.1625
 

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Portfolio holdings


Summary of investment portfolio (as of June 30, 2008):

Net assets: $ 30,508,015

Top 25 holdings: (unaudited)
Name of security

% of Net Assets

Labrador Iron Ore Royalty Income Fund3.88
Bonavista Energy Trust3.38
Baytex Energy Trust3.33
First Capital Realty Inc.3.28
Vermilion Energy Trust3.16
Northern Property REIT3.03
Allied Properties REIT2.85
Calloway REIT2.73
Canadian REIT2.69
Cominar REIT2.60
Artis REIT2.57
Zargon Energy Trust2.54
Crescent Point Energy Trust2.42
CML Healthcare Income Fund2.26
Enerplus Resources Fund2.12
Inter Pipeline Fund L.P., Cl. A2.10
Student Transportation of America, Inc.2.07
Bell Aliant Regional Communications Income Fund2.02
H&R REIT1.99
Parkland Income Fund1.96
Canadian Oil Sands Trust1.82
New Flyer Industries Inc.1.80
Atlantic Power Corp.1.78
Teranet Income Fund1.77
The Data Group Income Fund1.66

Portfolio breakdown: (unaudited)
Sector

% of Net Assets

Real estate investment trusts (REITs)24.18
Energy22.75
Equities and bonds13.79
Consumer13.21
Industrial10.82
Utilities & Infrastructure7.84
Resource3.88
Power3.53
Total Net Assets

100.00

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