NCE Diversified Flow-Through (08) Limited Partnership

Snapshot

NCE Diversified Flow-Through (08) Limited Partnership
TSX Symbol/Fund Code:
Inception Date: January 17, 2008
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 (08) Limited Partnership $14.15 October 31, 2008
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Product overview


NCE Diversified Flow-Through (08) 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 2008 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, 2010

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 manager

Kevin MacLean, Vice-President and Senior Portfolio Manager

Kevin joined Sentry Select in August 2004; he specializes in precious metals and mining equities.

Laura Lau, Senior Portfolio Manager

Laura joined Sentry Select in 2004; she specializes in energy equities.

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Portfolio holdings


Summary of investment portfolio (as of September 30, 2008):
 
Net assets: $88,221,811

Top holdings:
(unaudited)
Name of security

% of Net Assets

Oilsands Quest Inc., Restricted Feb 4, 20094.61
Osisko Mining Corporation, Restricted Feb 01, 20094.53
Fairborne Energy Ltd.3.82
Vero Energy Inc.3.65
Apollo Gold Corporation, Restricted Dec 22, 20082.94
Alexis Minerals Corp., Restricted Feb 8, 20092.89
Bear Lake Gold Ltd., Restricted Feb 22, 20092.14
Skygold Ventures Ltd.1.62
SAN GOLD CORP FT REST 1602091.51
Delphi Energy Corporation1.35
MGM Energy Corporation   1.24
Abacus Mining & Exploration Corporation, Restricted Nov 01/091.15
Victory Nickel Inc., Restricted Nov 30, 20080.91
Yukon-Nevada Gold Corp.0.77
Open Range Energy Corp.0.66
Queenston Mining Inc.0.65
Trafalgar Energy Ltd.0.65
Crowflight Minerals Inc.0.60
Brett Resources Inc.0.56
Rockgate Capital Corp.0.50
Copper Fox Metals Inc.0.36
Comaplex Minerals Corporation 0.33
Advanced Explorations Inc, Restricted Dec 01, 20080.32
Canext Energy Ltd.   0.32
North American Tungsten Corporation Ltd.0.32

Portfolio breakdown: (unaudited)
Sector

% of Net Assets

Oil and Gas Producers17.03
Gold and Precious Metals14.60
Metals and Minerals9.71
Cash & Cash Equivalents71.26
Liabilities, net of other assets(12.60)
Total Net Assets

100.00

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