Sentry Select Blue-Chip Income Trust

Snapshot

Blue-Chip Income Trust
TSX Symbol/Fund Code: SIT.UN
Inception Date: April 12, 2001
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Gordon Higgins
Details
Net Asset Value
NAVPU NAV Date
Blue-Chip Income Trust $24.77 August 21, 2008
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Market Price
Price Change As Of
Blue-Chip Income Trust $23.25 $0.00 August 27, 2008
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Product overview


Sentry Select Blue-Chip Income Trust is a closed-end investment trust that invests in approximately 30 blue-chip Canadian and U.S. securities. The Trust is designed to provide potential capital appreciation, while protecting the investor’s principal.

The Trust is comprised of two separate components: a fixed portfolio that provides principal protection, and a managed portfolio that aims to provide capital appreciation. The managed portfolio is a well-diversified portfolio that invests in high-quality, large-capitalization companies selected from the S&P/TSX 60 and S&P 500 indexes.

Investors benefit in several key ways:
• Investment strength, as companies are industry leaders with strong growth potential
• Increased potential for capital appreciation, with the managed portfolio generating returns through capital gains, dividends, and premiums from covered option writing
• Security, as the Trust provides 100 per cent protection of the investor’s capital when the Trust terminates in March 2011

The Trust meets the needs of individuals seeking to invest in some of North America’s largest corporations, through a professionally managed diversified product. It especially suits individuals who want to invest without risk, due to their risk profile or life stage.

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Performance


Average Annual Compound Returns - by Market Price  (as of July 31, 2008)

YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
3.3%
-0.6%
-1.6%
6.0%
3.2%
4.6%
1.1%

Annual Returns - by NAV

2007

2006
2005
2004
2003
2002
2001*

4.5%

4.3%
0.7%
5.8%
1.9%
-1.1%
1.7%

Annual Returns - by Market Price

2007

2006
2005
2004
2003
2002
2001*

0.9%

5.8%
-0.2%
8.7%
3.1%
-18.1%
6.0%
*Total return for the period April 12, 2001 - December 31, 2001

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Portfolio manager

Gordon Higgins, Vice-President, Equities

Gordon leads the Equity Management Team, which is responsible for equity selections and risk management techniques for a number of closed-end trust and open-end mutual fund portfolios. Gordon has more than 20 years of experience in the financial services industry, including 15 years as a portfolio manager specializing in North American equities. His experience includes the lead management of a $2.3 billion fund. He joined Sentry Select in 2004.

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Distributions


2003
2002
20011
Return of capital
0.42
1.51
1.43
Total distributions2
0.42
1.51
1.43
1 Results are for the period from April 12, 2001 - December 31, 2001
2 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 June 30, 2008):

Net assets: $ 10,603,317

Top 25 holdings:
(unaudited)
Name of security

% of Net Assets

Canadian Natural Resources Ltd.1.05
BCE Inc.1.03
EnCana Corp.0.97
TransCanada Corp.0.86
The Bank of Nova Scotia0.79
Royal Bank of Canada0.73
TransAlta Corp.0.69
TELUS Corp.0.68
Talisman Energy Inc.0.64
Barrick Gold Corp.0.62
Manitoba Telecom Services Inc.0.57
Manulife Financial Corp.0.34
Pfizer Inc.0.29
Microsoft Corp.0.21
Bristol-Myers Squibb Company0.20
General Electric Company0.13
Written Covered Call Options
Barrick Gold Corp. July 2008 @ $44.00(0.02)
Canadian Natural Resources Ltd. July 2008 @ $110.00(0.01)
EnCana Corp. July 2008 @ $100.00
Talisman Energy Inc. July 2008 @ $26.00

Portfolio Breakdown: (unaudited)
Sector

% of Net Assets

Forward Agreement90.14
Energy2.65
Telecommunications2.27
Financials1.86
Pipelines0.86
Utilities0.70
Materials0.62
Cash & Cash Equivalents0.54
Health care0.48
Information Technology

0.21

Industrials

0.13

Written Cash Covered Call Options

(0.03)

Liabilities, net of other assets

(0.43)

Total Net Assets

100.00

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