Premier Value Income Trust

Snapshot

Premier Value Income Trust
TSX Symbol/Fund Code: PVN.UN
Inception Date: February 15, 2005
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Michael Simpson
Details
Portfolio Manager:
Sandy McIntyre
Details
Net Asset Value
NAVPU NAV Date
Premier Value Income Trust $8.23 March 11, 2010
show all
 
Market Price
Price Change As Of
Premier Value Income Trust $7.80 $0.02 March 12, 2010
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Product overview


Premier Value Income Trust is a closed-end investment trust designed to provide high levels of monthly income. Investments are primarily in high-quality oil and gas resource trusts, business trusts, real estate investment trusts, and power and utility trusts.

Portfolio managers conduct an in-depth analysis of more than 200 securities in the trust sector, selecting trusts with high returns on equity and capital. The focus is always on underlying companies able to generate steady cash flow to pay distributions.

Investors benefit in several key ways:
• Higher yield and greater tax efficiency than bonds and guaranteed investments
• Stable distributions, thanks to broadly diversified investments
• Potential long-term capital appreciation, with lower volatility than traditional equities

The Trust meets the needs of investors requiring a steady income stream with tax advantages. It suits anyone interested in a professionally managed diversified product, working equally well in conservative, balanced or growth portfolios.

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Performance


Average Annual Compound Returns - by Market Price  (as of February 28, 2010)

YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
1.3% 8.6% 18.8% 58.6% 2.3% 3.7% 3.9%

Annual Returns - by NAV

2008

2007
2006
2005*
 
 
 

-32.5%

6.7%
7.0%
17.7%
 
 
 

Annual Returns - by Market Price

2008

2007
2006
2005*
 
 

-31.8%

6.2%
7.0%
8.4%
 
 
 
*Total return for the period February 15, 2005 - December 31, 2005

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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.

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Distributions


Current monthly distributions of $0.06
2007
2006
20051
From income (exc. dividends)
0.23
0.29
0.22
From dividends
0.10
0.09
0.04
From capital gains
0.57
0.27
0.09
Return of capital
0.03
0.10
0.28
Total distributions2
0.93
0.75
0.63
1 Results are for the period from February 15, 2005 - December 31, 2005
Distributions are based on the actual number of units outstanding at the relevant time.

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Portfolio holdings


Summary of investment portfolio (as of December 31, 2009):

Total net assets: $ 66,570,731

Top 25 holdings: (unaudited)
Name of security

% of Net Assets

Allied Properties REIT4.24
Canadian REIT3.96
Northern Property REIT3.47
Parkland Income Fund3.36
Zargon Energy Trust3.25
CML Healthcare Income Fund3.18
Artis REIT3.06
Cominar REIT2.92
Brookfield Real Estate Services Fund2.87
K-Bro Linen Income Fund2.71
Freehold Royalty Trust2.58
Crombie REIT2.44
Baytex Energy Trust2.35
Bell Aliant Regional Communications Income Fund2.32
Morneau Sobeco Income Fund2.18
North West Company Fund2.18
Vermilion Energy Trust2.08
Labrador Iron Ore Royalty Income Fund2.06
Colabor Group, Inc.2.06
Bonavista Energy Trust2.03
Primaris Retail REIT1.94
Boardwalk REIT1.91
CI Financial Corp.1.88
Cargojet Income Fund1.78
Westshore Terminals Income Fund1.77

Portfolio Breakdown: (unaudited)
Sector

% of Net Assets

Real estate29.28
Energy22.60
Industrials13.67
Consumer staples6.79
Consumer discretionary5.41
Health care4.71
Materials3.22
Financials2.90
Fixed income securities2.82
Telecommunication services2.32
Information technology1.26
Utilities0.41
Cash and Cash Equivalents4.77
Liabilities, net of other assets(0.16)
Total Net Assets

100.00

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