Sentry Select Canadian Energy Growth Fund / Class aims to provide long-term capital appreciation by investing primarily in equity securities of Canadian companies in the energy sector.
The Fund invests in the full range of oil and gas securities, from emerging junior producers to mature, integrated producers and trusts. The portfolio managers focus on finding the best management teams with the highest-quality assets.
Investors benefit in several key ways:
• Capital appreciation in a sector with an attractive long-term outlook based on rising demand from strong economic growth in Asia and tight worldwide supplies
• A hedge against inflation, as energy investments tend to outperform in times of economic expansion
• Daily liquidity at the net asset value (NAV)
The Fund meets the needs of investors seeking to enhance portfolio diversification. As an asset class with a low correlation to stocks and bonds, energy investments can provide increased returns and reduced volatility in a balanced portfolio.
Sentry Select Canadian Energy Growth Class invests in units of Sentry Select Canadian Energy Growth Fund. The top 10 holdings and portfolio allocation listed below reflect those of the Fund.
Summary of investment portfolio (as of May 31, 2009)
Assets under management: $17,699,704 (Canadian Energy Growth Fund)
Top 10 holdings (unaudited)
| Name of security |
% of net assets |
| Vermilion Energy Trust |
4.49 |
| Imperial Oil Ltd. |
4.44 |
| Celtic Exploration Ltd. |
4.42 |
| Crescent Point Energy Trust |
3.92 |
| Canadian Natural Resources Ltd. |
3.91 |
| Bonavista Energy Trust |
3.68 |
| Storm Exploration Inc. |
3.49 |
| Keyera Facilities Income Fund |
3.41 |
| Niko Resources Ltd. |
3.24 |
| ARC Energy Trust |
3.11 |
Portfolio Allocation by Sector (unaudited)
| Sector |
% of net assets |
| Large producers |
17.03 |
| Intermediate producers |
16.88 |
| International producers |
13.86 |
| Small producers |
13.69 |
| Integrated producers |
8.02 |
| Utilities |
3.41 |
| Pipelines |
0.74 |
| Cash |
26.37 |
| Total net assets |
100.00 |
Quarterly portfolio disclosure as of March 31, 2009 (Top 25)