Select 50 S-1 Income Trust is a closed-end investment trust that invests in the 50 largest income trusts in Canada. The Trust is designed to provide stable monthly distributions, with potential capital appreciation.
The portfolio is passively managed according to a proprietary investment method that ensures broad diversification, reduced portfolio risk, and stable, tax-advantaged distributions. Investments are primarily in power and utility trusts, real estate investment trusts, and business trusts, with limited exposure to oil and gas resource trusts.
Investors benefit in several key ways:
• Tax-advantaged distributions, as a portion is tax-deferred return of capital
• A secure investment with lower risk, assured by the Trust’s SR-1 stability rating – the highest Standard and Poor’s rating for Canadian income funds
• Lower management fees than other SR-1 rated products, due to passive management
• Potential long-term capital appreciation, with lower volatility than traditional equities
The Trust meets the needs of investors who seek attractive, sustainable distributions, and the potential for capital appreciation. It especially suits investors interested in a well-diversified income trust offering reduced risk and lower management fees.
Average Annual Compound Returns - by Market Price (as of July 31, 2008)
YTD | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | SI |
5.7% | -1.5% | 9.7% | 4.1% | 6.7% | n/a | 14.0% |
Annual Returns - by NAV
| 2007 | 2006 | 2005 | 2004 | 2003* |
| 8.8% | 1.1% | 26.2% | 27.9% | 2.2% |
Annual Returns - by Market Price
| 2007 | 2006 | 2005 | 2004 | 2003* |
| 5.5% | 2.1% | 30.1% | 18.6% | 8.7% |
*Total return for the period August 28. 2003 - December 31, 2003
| Current monthly distributions of $0.08 | | |
| 2007 | 2006 | 2005 | 2004 | 20031 |
From income (exc. dividends) | 0.49 | 0.47 | 0.46 | 0.30 | - |
From dividends | 0.03 | 0.04 | 0.09 | 0.13 | - |
From capital gains | 1.18 | 1.19 | 0.73 | 0.23 | - |
Return of capital | 0.05 | 0.02 | 0.19 | 0.15 | 0.21 |
Total distributions 2 | 1.75 | 1.72 | 1.47 | 0.81 | 0.21 |
1 Results are for the period from August 28, 2003 - December 31, 2003.
2 Distributions are based on the actual number of units outstanding at the relevant time.