Sentry Select REIT Fund aims to provide monthly income by investing primarily in real estate investment trusts (REITs). The Fund is diversified across various types of REITs, including shopping malls, apartment complexes, hotels, and industrial and commercial buildings.
The portfolio manager conducts in-depth analysis to identify REITs with high-quality assets (properties), stable income, low debt and strong management. He also seeks REITs that are positioned to capitalize on changes in market conditions, and/or economic or demographic trends.
Investors benefit in several key ways:
• Higher-yield and greater tax-efficiency than bonds and guaranteed investments
• Stable monthly distributions from a diversified portfolio of over 30 REITs
• Potential long-term capital appreciation
• Daily liquidity at the net asset value (NAV)
The Fund meets the needs of investors who require a steady, tax-efficient income stream. For investors looking to enhance portfolio diversification, real estate is an asset class with a lower correlation to stocks or bonds, thereby providing increased return potential and diversification within a well-balanced portfolio.
Summary of investment portfolio (as of May 31, 2009):
Assets under management: $ 136,853,067Top 10 holdings (unaudited) | Name of security | % of net assets |
| Canadian REIT | 6.65 |
| Artis REIT | 5.83 |
| Allied Properties REIT | 5.65 |
| First Capital Realty Inc. | 5.31 |
| RioCan REIT | 5.01 |
| Calloway REIT | 4.82 |
| Boardwalk REIT | 4.43 |
| Primaris REIT | 3.11 |
| H&R REIT | 3.09 |
| Cogdell Spencer Inc. | 2.78 |
Portfolio Allocation by Sector (unaudited)
| Sector | % of net assets |
| Retail | 23.33 |
| Commercial focused | 16.54 |
| Bonds | 14.86 |
| Commercial diversified | 11.26 |
| Multi-residential | 7.20 |
| Lodging | 0.83 |
| Cash | 25.98 |
| Total net assets | 100.00 |
Quarterly portfolio disclosure as of March 31, 2009 (Top 25)