Sentry Select Diversified Total Return Fund aims to provide long-term capital appreciation with downside protection by investing in global equities, preferred shares and convertible debentures.
The portfolio manager regularly adjusts the sector weightings and asset mix of the Fund based on economic and interest-rate trends as well as relative valuations. The goal is to construct a portfolio that will be positioned to take advantage of opportunities in all market conditions.
Investors benefit in several key ways:
• Upside equity participation in a broadly diversified global portfolio
• Downside protection provided by preferred share dividend income and bond-like features of convertible debentures
• Tactical sector allocation based on current market conditions
• Daily liquidity at the net asset value (NAV)
The Fund meets the needs of investors who seek high capital appreciation potential in strong global markets while limiting risk during market instability.
Summary of investment portfolio (as of May 31, 2009):
Assets under management: $7,873,881
Top 10 holdings (unaudited)
| Name of security |
% of net assets |
| Brookfield Asset Management Inc. 8.95% June 2, 2014 |
5.41 |
| Opti Canada Inc. 7.875% Dec 15, 2014 |
4.72 |
| Universal Energy Group |
4.17 |
| Minefinders Corporation Ltd. |
3.53 |
| Manulife Financial Corp. 4.896% June 2, 2014 |
3.10 |
| Verenex Energy Inc. |
2.51 |
| Petro Andina Resources Inc. |
2.42 |
| Telus Corp. |
2.20 |
| Alamos Gold Inc. |
2.11 |
| Jaguar Mining Inc. 10.50% Jul 23, 2012 |
2.10 |
Portfolio Allocation by Sector (unaudited)
| Sector |
% of net assets |
| Bonds |
15.11 |
| Materials |
16.26 |
| Energy |
12.08 |
| Preferreds |
8.17 |
| Industrials |
6.92 |
| Utilities |
5.14 |
| Consumer staples |
2.74 |
| Consumer discretionary |
2.68 |
| Financials |
2.28 |
| Telecommunication services |
2.20 |
| REIT |
0.71 |
| Cash |
25.71 |
| Total net assets |
100.00 |
Quarterly portfolio disclosure as of March 31, 2009 (Top 25)