NCE Diversified Flow-Through (07-2) Limited Partnership

Snapshot

NCE Diversified Flow-Through (07-2) Limited Partnership
TSX Symbol/Fund Code:
Inception Date: September 1, 2007
Investment Type: Flow-through limited partnership
 
Portfolio Manager:
Kevin MacLean
Details
Portfolio Manager:
Laura Lau
Details
Net Asset Value
NAVPU NAV Date
NCE Diversified Flow-Through (07-2) Limited Partnership $14.52 July 31, 2008
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Product overview


NCE Diversified Flow-Through (07-2) Limited Partnership primarily invests in flow-through shares of Canadian resource companies involved in oil, gas and mineral exploration and development. The Partnership provides unique tax benefits and the potential for capital appreciation.

Investment managers select a diversified portfolio of smaller companies with experienced management and the potential for future growth. A minimum of 80 per cent of companies are listed on a Canadian stock exchange.

Investors benefit in several key ways:
• A tax deduction for the 2007 taxation year of approximately 100 per cent of the amount invested
• Liquidity and potential long-term growth, as assets of the Partnership transfer tax-deferred to Sentry Select Canadian Resource Class by May 31, 2009

The Partnership especially meets the needs of high income earners who wish to convert income fully taxable in the current year into capital gains taxable in the future, combining reduced taxation with tax deferral.


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Portfolio managers

Kevin MacLean, Vice-President and Senior Portfolio Manager

Kevin joined Sentry Select in 2004 as a senior portfolio manager specializing in precious metals and mining equities.

Laura Lau, Senior Portfolio Manager

Laura specializes in the research and analysis of public and private Canadian energy equities, with an emphasis on small caps. She joined Sentry Select in 2004, bringing over 12 years of experience in the financial industry.

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Portfolio holdings


Summary of investment portfolio (as of June 30, 2008):
 
Net assets: $33,817,937

Top holdings:
(unaudited)
Name of security

% of Net Assets

Quadra Mining Ltd.8.22
Galleon Energy Inc. Cl. A5.94
Connacher Oil and Gas Ltd.5.72
Yukon-Nevada Gold Corp.4.77
UTS Energy Corp.4.26
Kinross Gold Corporation3.89
Adanac Molybdenum Corp.3.41
Rockhaven Resources Ltd.3.09
Breaker Energy Ltd. Cl. A2.67
Artek Exploration Ltd. (Private)2.45
ProspEx Resources Ltd.2.05
Silverstone Resource Corporation1.85
Baffinland Iron Mines Corp.1.74
Open Range Energy Corp.1.60
Skygold Ventures Ltd.1.53
Kodiak Exploration Ltd.1.52
Laramide Resources Ltd.1.51
Fission Energy Corp.1.44
Adex Mining Inc.1.42
Canadian Superior Energy Inc.1.29
Merrex Gold Inc.1.21
Aurora Energy Resources Inc.1.03
Alexco Resource Corp.0.99
VMS Ventures Inc.0.94
Marathon PGM Corp.0.86

Portfolio breakdown: (unaudited)
Sector

% of Net Assets

Cash and cash equivalents32.31
Oil & Gas Producers27.07
Metals & Minerals23.40
Gold and Precious Metals21.50
Liabilities, net of other assets(4.28)
Total Net Assets

100.00

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