NCE Diversified Flow-Through (07) Limited Partnership

Snapshot

NCE Diversified Flow-Through (07) Limited Partnership
TSX Symbol/Fund Code:
Inception Date: February 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) Limited Partnership $14.09 July 31, 2008
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Product overview


NCE Diversified Flow-Through (07) 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: $127,804,881


Top holdings: (unaudited)
Name of security

% of Net Assets

Quadra Mining Ltd. 5.05
Galleon Energy Inc. Cl. A 4.96
Yukon-Nevada Gold Corp. 4.54
Storm Exploration Inc. 4.27
Osisko Exploration Ltd. 3.38
Crowflight Minerals Inc. 2.97
Iteration Energy Ltd. 2.33
Pacific Rubiales Energy Corporation 2.30
Yamana Gold Inc. 2.26
Kinross Gold Corporation 2.23
Intrepid Energy Corporation (Private) 1.96
Tristar Oil & Gas Ltd. 1.93
Hathor Exploration Limited 1.93
Silverstone Resource Corporation 1.85
Baytex Energy Trust 1.72
Bankers Pertroleum Ltd. 1.41
Orleans Energy Ltd. 1.40
Inspiration Mining Corporation 1.32
OSUM Oil Sands Corp. (Private) 1.23
Exshaw Oil Corp. (Private) 1.19
Vermilion Energy Trust 1.16
Abacus Mining & Exploration Corp. 1.12
Globestar Mining Corp. 1.09
Liberty Mines Inc. 1.07
UTS Energy Corp. 1.06

Portfolio Breakdown: (unaudited)
Sector

% of Net Assets

Oil and gas producers 34.64
Metals and minerals 23.66
Cash and cash equivalents 19.81
Gold and Precious Metals 19.60
Energy Trusts 2.88
Liabilities, net of other assets (0.59)
Total Net Assets

100.00


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