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 25 holdings and portfolio allocation listed below reflect those of the Fund.
Summary of investment portfolio (as of September 30, 2008)
Assets under management: $18,574,415 (Canadian Energy Growth Fund) and $3,230,481 (Canadian Energy Growth Class)
Top 25 holdings (unaudited)| Name of security | % of net assets |
| EnCana Corp. | 4.56 |
| Vermilion Energy Trust | 4.55 |
| Storm Exploration Inc. | 4.53 |
| Suncor Energy Inc | 4.47 |
| Bonavista Pete Ltd. | 4.37 |
| Imperial Oil Ltd. | 4.25 |
| Canadian Natural Resources Ltd. | 3.94 |
| Crescent Point Energy Trust | 3.84 |
| TriStar Oil & Gas Ltd. | 3.38 |
| Progress Energy Trust | 3.37 |
| Calfrac Well Services Ltd. | 3.13 |
| Celtic Exploration Ltd. | 3.08 |
| Breaker Energy Ltd. | 2.91 |
| Iteration Energy Ltd | 2.77 |
| Addax Petroleum Corporation | 2.56 |
| Orleans Energy Ltd. | 2.44 |
| Niko Resources Ltd. | 2.34 |
| Artek Exploration Ltd. | 2.32 |
| Provident Energy Trust | 2.22 |
| Arc Energy Trust | 2.15 |
| Tusk Energy Corp. | 2.14 |
| Nuvista Energy Ltd. | 2.10 |
| Ithaca Energy Inc. | 2.09 |
| Galleon Energy Inc. | 2.07 |
| Oilexco Inc | 2.07 |
Portfolio Allocation by Sector (unaudited) | Sector | % of net assets |
| Income funds | 22.45 |
| Small producers | 17.12 |
| Intermediate producers | 15.55 |
| International oil and gas producers | 13.72 |
| Large producers | 9.16 |
| Integrated producers | 8.71 |
| Oilfield services | 3.13 |
| Industrials | 0.64 |
| Cash | 9.52 |
| Total net assets | 100.00 |