Sentry Select Capital Corp. - Products

Commodities Income Trust

TSX Symbol/Fund Code:	SSJ.UN
Inception Date:	July 19, 2005
Maturity Date:	January 1, 0001
Conversion Date:	January 1, 0001
Termination Date:	January 1, 0001
Investment Type:	Closed-end investment trust
Sales Commission:
Annual trailer / service fee:

Portfolio Manager:
Michael Simpson
Details

Portfolio Manager:
Sandy McIntyre
Details

Portfolio Manager:
Diapason Commodities Management S.A.
Details

Net Asset Value
	NAVPU	NAV Date
Commodities Income Trust	$7.38	October 9, 2008

show all

Market Price
	Price	Change	As Of
Commodities Income Trust	$5.16	-$0.84	October 10, 2008

show all

Sentry Select Commodities Income Trust is a closed-end investment trust that aims to provide steady monthly income and potential capital appreciation through Canadian and international commodity investments.

Monthly distributions are generated by a diversified portfolio of Canadian income trusts expected to benefit from increases in commodity prices. The opportunity for capital appreciation is derived from exposure to the 35 commodities that constitute the Rogers International Commodity Index.

Investors benefit in several key ways:
• Attractive monthly income, with distributions providing an initial cash yield of 6.75 per cent per year
• Participation in the commodities bull market, driven by such factors as strong economic growth in Asia and tight worldwide supplies
• Exposure to the acclaimed Rogers International Commodity Index, which has significantly outpaced all other major commodity indexes

The Trust meets the needs of investors looking to enhance their portfolio diversification with a distinct asset class with a low correlation to equities and bonds. As a result, commodities can provide increased return potential and diversification within a well-balanced portfolio.

Average Annual Compound Returns - by Market Price (as of September 30, 2008)

YTD	3 Month	6 Month	1 Year	3 Year	5 Year	SI
9.3%	-17.3%	-1.4%	12.4%	n/a	n/a	4.9%

Annual Returns - by NAV

			2007	2006	2005*
			14.1%	-5.3%	5.4%

Annual Returns - by Market Price

			2007	2006	2005*
			18.6%	-6.7%	-4.4%

*Total return for the period July 19, 2005 - December 31, 2005

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.

Diapason Commodities Management S.A. , Sub-advisor

Diapason Commodities Management SA is a limited partnership and commodity operator whose main mandate is to promote and distribute products designed around the Rogers International Commodity Index™. Diapason is owned by its management, who are experienced professionals in the fields of asset management, commodity markets, futures and options trading and it is managing in excess of 1.1 billion Euros in assets.

Current monthly distributions of $0.06
	2007	2006	2005¹
From income (exc. dividends)	0.23	0.36	0.19
From dividends	0.04	0.04	0.01
From capital gains	-	0.19	0.06
Return of capital	0.45	0.13	0.05
Total distributions²	0.72	0.72	0.31

¹Results are for the period July 19, 2005 - December 31, 2005
²Distributions are based on the actual number of units outstanding at the relevant time.

Summary of investment portfolio (as of June 30, 2008):

Net assets : $ 98,606,939

Top 25 holdings (unaudited)

Name of security	% of Net Assets
Fording Canadian Coal Trust	4.53
Baytex Energy Trust	4.47
Progress Energy Trust	3.23
Labrador Iron Ore Royalty Income Fund	2.86
Vermilion Energy Trust	2.68
Freehold Royalty Trust	2.61
Zargon Energy Trust	2.56
Westshore Terminals Income Fund	2.54
NAL Oil & Gas Trust	2.39
Crescent Point Energy Trust	1.96
ALTAGAS Income Trust	1.87
Fort Chicago Energy Partners L.P, Cl. A	1.82
Bonavista Energy Trust	1.68
Canfor Pulp Income Fund	1.66
Cathedral Energy Services Trust	1.65
Penn West Energy Trust	1.50
Parkland Income Fund	1.49
TimberWest Forest Corp.	1.48
Enerplus Resources Fund	1.48
Eurasia Holdings AG 7.00% Sep. 14/09 (Convertible into Osisko Ltd.)	1.46
PRT Forest Regeneration Income Fund	1.41
Provident Energy Trust	1.41
Inter Pipeline Fund L.P., Cl. A	1.35
Rogers Sugar Income Fund	1.30
Keyera Facilities Income Fund	1.26

Portfolio Allocation by Sector: (unaudited)

Sector	% of Net Assets
Energy	26.78
Resource	11.44
Industrial	10.23
Utilities & infrastructure	6.29
Consumer	2.79
Power	0.73
Total Income Trusts	58.26
Common share portfolio	24.74
Cash and Cash Equivalents	14.99
Equities and Bonds	4.81
Liabilities, net of other assets	(2.80)
Total Net Assets	100.00

Exposure	% of Net Assets
Trust Exposure	78.06
Commodities (RICI) Exposure	21.94
Total Net Assets	100.00

Commodities Investment Trust - Summary of Investment portfolio - June 30, 2008

Sentry Select Commodities Income Trust

Snapshot

Product overview

Performance

Portfolio managers

Michael Simpson, Vice-President and Senior Portfolio Manager

Sandy McIntyre, Senior Vice-President and Chief Investment Officer

Diapason Commodities Management S.A. , Sub-advisor

Distributions

Portfolio holdings