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Sentry Select Canadian Income Fund / Class

Snapshot

Canadian Income Class
TSX Symbol/Fund Code: NCE517
Inception Date: March 27, 2006
Investment Type: Mutual Fund
 
Canadian Income Fund
TSX Symbol/Fund Code: NCE717
Inception Date: February 11, 2002
Investment Type: Mutual Fund
 
Portfolio Manager:
Michael Simpson
Details
Portfolio Manager:
Sandy McIntyre
Details
Portfolio Manager:
Aubrey Hearn
Details
Net Asset Value
NAVPU NAV Date
Canadian Income Class $7.24 November 28, 2008
Canadian Income Fund $11.46 November 28, 2008
show all
 
 

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Product overview


Sentry Select Canadian Income Fund / Class aims to provide high levels of monthly income. Investments are primarily in high-quality oil and gas resource trusts, business trusts, real estate investment trusts, and power and utility trusts. The Fund was awarded the 2005 Canadian Income Trust Fund of the Year Award and was also a finalist in 2006.*

Portfolio managers conduct in-depth analysis of more than 200 securities in the trust sector, selecting trusts with high returns on equity and capital. The focus is always on underlying companies with the ability to generate steady cash flow to pay distributions.

Investors benefit in several key ways:
• Higher yield and greater tax-efficiency than bonds and guaranteed investments
• Stable monthly distributions, thanks to broadly diversified investments
• Potential long-term capital appreciation, with lower volatility than traditional equities

The Fund meets the needs of investors requiring a steady, tax-efficient income stream. Investors seeking growth can have monthly distributions automatically reinvested to purchase additional units of the Fund, ensuring increased growth through compounding.

*Canadian Investment Awards

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Performance


Sentry Select Canadian Income Fund:

Average Annual Compound Returns (as of October 31, 2008) - Series A
YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
-15.5%
-15.7%
-17.9%
-15.8%
2.6%
11.0%
11.2%

Annual Returns

2007
2006
2005
2004
2003
2002*
8.1%
4.6%
22.6%
31.0%
34.4%
-1.2%
*Total return for the period February 11, 2002 - December 31, 2002


Sentry Select Canadian Income Class:

Average Annual Compound Returns (as of October 31, 2008)
YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
-15.5%
-15.8%
-17.9%
-15.7%
n/a
n/a
-4.1%

Annual Returns

 
 
 
 
 
2007
 
 
 
 
 
 
8.2%

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Portfolio managers

Michael Simpson, Vice-President and Senior Portfolio Manager

Michael joined Sentry Select in 2002; he specializes in commercial and industrial income trusts, as well as resource-based trusts.

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.

Aubrey Hearn, Associate Portfolio Manager

Aubrey joined Sentry Select in 2005; he focuses on business trusts in the consumer and industrial sectors.

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Distributions


Canadian Income Fund
Current monthly distributions of $0.0775

2007

2006

2005
2004
2003
20021
From income (exc. dividends)

0.56

0.56

0.39
0.38
0.35
0.80
From dividends

0.12

0.13

0.07
-
-
-
From capital gains

0.43

0.07

0.44
0.46
0.14
-
Return of capital

-

0.17

0.02
0.15
0.32
-
Total distributions2

1.11

0.93

0.92
0.99
0.81
0.80
1 Results are for the period from February 11, 2002 to December 31, 2002.
2 Distributions are based on the actual number of units outstanding at the relevant time.


Canadian Income Class
Current monthly distributions of $0.0375
 
 2007
20061
From divdends

 

0.30

-

From capital gains

 

0.15

-

Return of capital
 
 -
0.34
Total distributions2 
 
 0.45
0.34
1 Results are for the period from March 27, 2006 to December 31, 2006.
2 Distributions are based on the actual number of shares outstanding at the relevant time.

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Portfolio holdings


Sentry Select Canadian Income Class invests in units of Sentry Select Canadian Income 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: $ 474,770,500 (Canadian Income Fund) and $19,963,267 (Canadian Income Class)

Top 25 holdings (unaudited)
Name of security

% of net assets

Vermilion Energy Trust3.56
Parkland Income Fund3.16
Artis REIT3.13
Telus Corp.3.10
CML Healthcare Income Fund3.09
Teranet Income Fund2.71
Colabor Income Fund2.65
Bell Aliant Regional Communications Income Fund2.47
Yellow Pages Income Fund2.44
Calloway REIT2.41
Zargon Energy Trust2.37
Crescent Point Energy Trust2.34
Labrador Iron Ore Royalty Income Fund2.34
Freehold Royalty Trust2.27
AltaGas Income Trust2.20
Canadian REIT2.16
Davis + Henderson Income Fund2.14
BCE Inc.2.07
Allied Properties REIT2.07
Bonavista Energy Trust2.02
Morneau Sobeco Income Fund1.98
Rogers Communications Inc.1.98
K-Bro Linen Income Fund1.91
Alimentation Couche-Tard Inc.1.61
Cominar REIT1.53

Portfolio Allocation by Sector (unaudited)
Sector

% of net assets

Energy20.92
Consumer20.01
Industrial17.33
REIT16.85
Utilities and infrastructure8.62
Telecommunication7.56
Resource2.34
Financial2.14
Property management1.43
Cash2.80
Total net assets100.00

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