Sentry Select REIT Fund

Snapshot

REIT Fund
TSX Symbol/Fund Code: NCE705
Inception Date: December 19, 1997
Investment Type: Mutual fund
 
Portfolio Manager:
Dennis Mitchell
Details
Portfolio Manager:
Sandy McIntyre
Details
Net Asset Value
NAVPU NAV Date
REIT Fund $8.78 July 3, 2009
show all
 
 

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Product overview


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.

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Portfolio managers

Dennis Mitchell, Portfolio Manager

Dennis joined Sentry Select in 2005; he specializes in real estate investment trusts(REITs).

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.

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Performance


Average Annual Compound Returns (as of May 29, 2009) - Series A
YTD
3 Month
6 Month
1 Year
3 Year
5 Year

10 Year

SI
8.0%
14.3%
10.5%
-36.5%
-12.2%
0.6%

4.4%

3.1%

Annual Returns

2008
2007
2006
2005
2004
2003
2002
2001
-42.7%
-5.9%
22.0%
21.9%
16.7%
18.9%
2.5%
10.3%

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Distributions


Current monthly distributions of $0.0833

2008

2007

2006

2005
2004
2003
2002
From income exc. dividends

-

-

-

0.06
-
0.17
0.61
From dividends

-

-

0.20

0.06
-
-
-
From capital gains

-

0.06

0.18

0.51
-
-
-
Return of capital

1.00

0.94

0.62

0.03
0.66
0.49
-
Total distributions1

1.00

1.00

1.00

0.66
0.66
0.66
0.61
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 May 31, 2009):

Assets under management: $ 136,853,067

Top 10 holdings (unaudited)
Name of security

% of net assets

Canadian REIT6.65
Artis REIT5.83
Allied Properties REIT5.65
First Capital Realty Inc. 5.31
RioCan REIT5.01
Calloway REIT4.82
Boardwalk REIT4.43
Primaris REIT3.11
H&R REIT3.09
Cogdell Spencer Inc.2.78

Portfolio Allocation by Sector (unaudited)

Sector

% of net assets

Retail23.33
Commercial focused16.54
Bonds14.86
Commercial diversified11.26
Multi-residential7.20
Lodging0.83
Cash25.98
Total net assets

100.00

 Quarterly portfolio disclosure as of March 31, 2009 (Top 25)

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