Sentry Select Focused Growth & Income Trust

Snapshot

Focused Growth & Income Trust
TSX Symbol/Fund Code: SFG.UN
Inception Date: January 24, 2002
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Michael Simpson
Details
Portfolio Manager:
Sandy McIntyre
Details
Net Asset Value
NAVPU NAV Date
Focused Growth & Income Trust $9.33 August 21, 2008
show all
 
Market Price
Price Change As Of
Focused Growth & Income Trust $9.07 $0.00 August 26, 2008
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Product overview


Sentry Select Focused Growth & Income Trust is a closed-end investment trust that invests in a strategically selected portfolio to provide steady monthly distributions and potential long-term capital appreciation.

The portfolio manager focuses on three types of investments that work together: 1) Oil and gas trusts offer high yields which help to provide solid distributions, especially in the Trust’s initial years. 2) Oil sands businesses, which extract crude oil, are expected to increase production over the life of the Trust. 3) Real estate investment trusts (REITs) deliver predictable distributions to anchor the portfolio and contribute to potential capital appreciation.

Investors benefit in several key ways:
• Higher yield and greater tax-efficiency than traditional fixed-income investments
• Stable distributions, thanks to three complementary investments
• Reduced risk and increased potential for capital appreciation through diversification

The Trust particularly meets the needs of income investors who wish to participate in the promising energy and resource sectors, in a vehicle designed to reduce potential volatility.

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Performance


Average Annual Compound Returns - by Market Price  (as of July 31, 2008)

YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
9.1%
2.2%
15.0%
6.1%
11.9%
26.7%
22.5%

Annual Returns - by NAV
2007
2006
2005
2004
2003
2002*
0.8%
10.0%
56.4%
40.6%
38.6%
5.4%

Annual Returns - by Market Price

2007
2006
2005
2004
2003
2002*
-0.3%
0.8%
72.6%
42.0%
41.2%
-0.9%
*Total return for the period January 24, 2002 - December 31, 2002

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Portfolio manager

Michael Simpson, Vice-President and Senior Portfolio Manager

Michael is a member of the income trust management team. He has more than 14 years of experience in the financial industry. Michael specializes in commercial and industrial income trusts, as well as resource-based trusts, including oil and gas. He provides expert analysis and portfolio management on several of the income trust portfolios. He joined Sentry Select in 2002.

Sandy McIntyre, Senior Vice-President and Chief Investment Officer

James Alexander (Sandy) McIntyre has 30 years of experience in the financial services industry, and is recognized as one of Canada’s leading authorities in income trust investing. He leads the Sentry Select income trust team, which manages the portfolios of four mutual funds and 11 closed-end income trusts, including Sentry Select Diversified Income Trust, Canada’s first portfolio of income trust investments. Sandy joined Sentry Select in 2000.

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Distributions


Current monthly distributions of $0.065

2007

2006

2005
2004
2003
From income (exc. dividends)

0.29

0.30

0.34
0.76
0.23
From dividends

0.05

0.05

0.02
0.22
0.04
From capital gains

2.11

1.84

1.84
1.12
0.47
Return of capital

0.07

0.09

0.22
0.44
0.01
Total distributions 1

2.52

2.28

2.42
2.54
0.75
1 Distributions are based on the actual number of units outstanding at the relevant time.

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Portfolio holdings


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

Net assets:  $ 47,411,992

Top 25 holdings: (unaudited)
Name of security

% of net assets

Baytex Energy Trust6.42
Canadian Oil Sands Trust6.26
Vermilion Energy Trust4.97
Progress Energy Trust4.86
Bonavista Energy Trust4.63
Opti Canada Inc.4.07
Suncor Energy Inc.3.52
Zargon Energy Trust3.42
Artis REIT3.20
Northern Property REIT3.19
First Capital Realty Inc.3.04
Enerplus Resources Fund2.97
Allied Properties REIT2.89
Calloway REIT2.67
Cominar REIT2.62
Crescent Point Energy Trust2.57
Canadian REIT2.41
ARC Energy Trust2.33
ALTAGAS Income Trust2.21
IG Realty Investment Inc. (Private)2.19
UTS Energy Corp.2.09
InStorage REIT2.03
Holloway Lodging REIT1.93
H&R REIT1.93
Mainstreet Equity Corp.1.87

Portfolio Breakdown: (unaudited)
Sector

% of net assets

Energy

41.31
Real Estate Investment Trusts (REITs)33.02
Equities and bonds17.83
Cash & Cash Equivalents5.19
Utilities & Infrastructure4.67
Consumer

1.43

Liabilities, net of other assets(3.45)
Total net assets

100.00

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