Sentry Select Canadian Resource Class aims to provide long-term capital appreciation by investing primarily in equity securities of companies in the oil and gas, mining and minerals, and natural resources industries.
The portfolio manager seeks the best companies, focusing on essential elements such as strong fundamentals and management expertise. Sector weightings vary to take advantage of changes in market conditions or economic trends.
Investors benefit in several key ways:
• Participation in the positive long-term outlook for commodities, driven by factors such as strong economic growth in Asia and tight worldwide supplies
• Long-term capital appreciation in sectors with the potential for above-market performance
• A hedge against inflation, as resources tend to outperform in times of economic expansion
• Daily liquidity at the net asset value (NAV)
The Class meets the needs of investors seeking to enhance portfolio diversification. As a sector with a low to moderate correlation to other asset classes, resources can provide increased return potential and diversification within a well-balanced portfolio.
Summary of investment portfolio (as of May 31, 2009):
Assets under management: $170,685,723Top 10 holdings (unaudited)
| Name of security |
% of net assets |
| Semafo Inc. |
13.10 |
| Kinross Gold Corp. |
7.02 |
| Osisko Mining Corp. |
6.04 |
| Goldcorp Inc |
4.30 |
| Aurizon Mines Ltd. |
3.94 |
| Quadra Mining Ltd. |
3.80 |
| First Uranium Corp. |
3.26 |
| Storm Exploration Inc. |
3.22 |
| Yamana Gold Inc. |
3.10 |
| Intrepid Energy Corp. |
1.83 |
Portfolio Allocation by Sector (unaudited)
| Sector |
% of net assets |
| Junior gold and silver mines |
31.17 |
| Senior gold and silver mines |
16.04 |
| Small producers |
13.42 |
| Junior metals and minerals |
7.17 |
| Senior metals and minerals |
3.80 |
| Large producers |
2.80 |
| International producers |
2.72 |
| Intermediate producers |
2.04 |
| Metals and minerals exploration |
1.79 |
| Integrated producers |
1.52 |
| Diamond exploration |
0.68 |
| Oilfield services |
0.65 |
| Precious metals exploration |
0.03 |
| Cash |
16.17 |
| Total net assets |
100.00 |
Quarterly portfolio disclosure as of March 31, 2009 (Top 25)