Oil Sands Split Trust

Snapshot

Oil Sands Split Trust - Capital units
TSX Symbol/Fund Code: OST.UN
Inception Date: July 3, 2003
Investment Type: Closed-end investment trust
 
Oil Sands Split Trust - Preferred securities
TSX Symbol/Fund Code: OST.PR.A
Inception Date: July 3, 2003
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Gordon Higgins
Details
Net Asset Value
NAVPU NAV Date
Oil Sands Split Trust - Capital units $110.55 November 26, 2008
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Market Price
Price Change As Of
Oil Sands Split Trust - Capital units $78.83 $0.00 November 28, 2008
Oil Sands Split Trust - Preferred securities $17.54 $0.04 November 28, 2008
show all
 

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Product overview


Oil Sands Split Trust is a closed-end investment trust that invests in units of Canadian Oil Sands Trust, which holds approximately a 35 per cent interest in the Syncrude Joint Venture. Syncrude is the world’s largest producer of crude oil from oil sands, and the largest single source of oil in Canada.

The Trust offers investors both Capital Units and Preferred Securities.

Investors in Capital Units participate in any capital appreciation in Canadian Oil Sands Trust units, and receive tax-efficient quarterly distributions based on income the Canadian Oil Sands Trust generates. Capital Units of Oil Sands Split Trust meet the needs of investors who seek tax-advantaged income and potential capital appreciation, through an investment tied to the future success of a leading oil producer. This investment is ideally suited for non-registered investment accounts.

Investors in Preferred Securities receive quarterly fixed interest payments totaling 8.5 per cent per annum, made in priority to any distributions on Capital Units. Preferred Securities of Oil Sands Split 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 October 31, 2008)

YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
-13.6%
-41.0%
-26.6%
-4.8%
18.9%
52.8%
50.7%

Annual Returns - by NAV
 
2007
2006
2005
2004 
 2003* 
 
29.5%
39.5%
120.6%
86.2% 
 58.0% 

Annual Returns - by Market Price

 
2007
2006
2005
 2004
 2003*
 
30.1%
36.0%
123.0%
114.8% 
10.7
*Total return for the period June 13, 2003 - December 31, 2003


PREFERRED SECURITIES


Average Annual Compound Returns - by Market Price  (as of October 31, 2008)
YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
5.1%
-3.2%
-0.8%
8.9%
3.8%
8.7%
10.4%

Annual Returns - by Market Price

 
2007
2006
2005
2004 
2003* 
 
-1.6%
7.1%
-8.6%
17.9% 
25.6%
*Total return for the period June 13, 2003 - December 31, 2003

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Portfolio manager

Gordon Higgins, Vice-President, Equities

Gordon joined Sentry Select in 2004; he leads the equity portfolio management team.

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Distributions


Capital units:

Current quarterly distribution of $3.50

2007

2006

2005

2004
20031
Income (excluding dividends)

4.64

2.73

-
-

0.01

Capital gains

1.64

0.84
0.68
0.44
0.26
Total distributions2

6.28

3.57
0.68
0.44
0.27
1Distributions are for the period from June 14, 2003 to December 31, 2003
2 Distributions are based on the actual number of units outstanding at the relevant time.


Preferred securities:

Current quarterly distributions of $0.36125

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Portfolio holdings


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

Net assets: $ 80,250,057

Top holdings:
(unaudited)
Name of Security
% of Net Assets
Canadian Oil Sands Trust
107.98


Portfolio Breakdown: (unaudited)
Sector
% of Net Assets
Canadian Oil Sands Trust
107.98
Cash and cash equivalents

1.58

Liabilities, net of other assets

(9.56)

Total net assets
100.00

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