Sentry Select Commodities Income Trust

Snapshot

Commodities Income Trust
TSX Symbol/Fund Code: SSJ.UN
Inception Date: July 19, 2005
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Laura Lau
Details
Portfolio Manager:
Sandy McIntyre
Details
Net Asset Value
NAVPU NAV Date
Commodities Income Trust $8.95 March 11, 2010
show all
 
Market Price
Price Change As Of
Commodities Income Trust $8.49 $0.08 March 12, 2010
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Product overview


Sentry Select Commodities Income Trust is a closed-end investment trust that aims to provide steady monthly income and potential capital appreciation through Canadian and international commodity investments.

Monthly distributions are generated by a diversified portfolio of Canadian income trusts expected to benefit from increases in commodity prices. The opportunity for capital appreciation is derived from exposure to the 35 commodities that constitute the Rogers International Commodity Index.

Investors benefit in several key ways:
• Attractive monthly income, with distributions providing an initial cash yield of 6.75 per cent per year
• Participation in the commodities bull market, driven by such factors as strong economic growth in Asia and tight worldwide supplies
• Exposure to the acclaimed Rogers International Commodity Index, which has significantly outpaced all other major commodity indexes

The Trust meets the needs of investors looking to enhance their portfolio diversification with a distinct asset class with a low correlation to equities and bonds. As a result, commodities can provide increased return potential and diversification within a well-balanced portfolio.

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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
7.0%10.1%31.8%80.0%7.7%-3.4%

Annual Returns - by NAV
2008
2007
2006
2005*
 
 
 -28.6%
14.1%
-5.3%
5.4%

Annual Returns - by Market Price

2008
2007
2006
2005*
 
 
 -36.0%
18.6%
-6.7%
-4.4%
*Total return for the period July 19, 2005 - December 31, 2005

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Portfolio managers

Laura Lau, Senior Portfolio Manager

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

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 $0.026

2008

2007
2006
20051
From income (exc. dividends)

0.11

0.23
0.36
0.19
From dividends

0.02

0.04
0.04
0.01
From capital gains

0.43

-
0.19
0.06
Return of capital

0.16

0.45
0.13
0.05
Total distributions2,3

0.72

0.72
0.72
0.31
1 Results are for the period July 19, 2005 - December 31, 2005
Distributions are based on the actual number of units outstanding at the relevant time.
3 Distributions were paid in cash.

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Portfolio holdings


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

Net assets : $ 36,735,949

Top 25 holdings
(unaudited)
Name of security

% of Net Assets

Keyera Facilities Income Fund4.16
Labrador Iron Ore Royalty Income Fund4.08
Osisko Mining Corp.3.76
Parkland Income Fund3.71
Westshore Terminals Income Fund3.48
Fort Chicago Energy Partners L.P. Cl. A3.22
Bonterra Oil & Gas Ltd.2.88
Freehold Royalty Trust2.68
Alliance Grain Traders Inc.2.54
Altagas Income Trust2.51
Zargon Energy Trust2.47
Allied Nevada Gold Corp.2.46
NAL Oil & Gas Trust2.45
Bonavista Energy Trust2.21
Red Back Mining Inc.2.21
Vermilion Energy Trust2.18
Potash Corporation of Saskatchewan Inc.2.06
Canexus Income Fund2.05
Canadian Helicopters Income Fund1.96
Inter Pipeline Fund L.P., Cl. A1.94
Baytex Energy Trust1.93
ARC Energy Trust1.92
Mullen Group Ltd.1.88
Enbridge Inc.1.62
Crescent Point Energy Corp.1.50

Portfolio Allocation by Sector: (unaudited)
Sector

% of Net Assets

Oil gas & consumable fuels46.68
Common share portfolio20.98
Metals & mining12.51
Chemicals4.11
Transportation infrastructure3.48
Food products3.35
Airlines1.96
Energy equipment & services1.88
Construction & engineering1.08
Foreign currency forward contracts0.06
Cash and Cash Equivalents7.36
Liabilities, net of other assets(3.45)
Total Net Assets

100.00

 

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