Sentry Select Small Cap Income Fund

Snapshot

Small Cap Income Fund
TSX Symbol/Fund Code: NCE721
Inception Date: July 27, 2005
Investment Type: Mutual fund
 
Portfolio Manager:
Michael Simpson
Details
Portfolio Manager:
Aubrey Hearn
Details
Net Asset Value
NAVPU NAV Date
Small Cap Income Fund $11.06 August 27, 2008
show all
 
 

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Product overview


Sentry Select Small Cap Income Fund aims to provide consistent monthly income and potential capital appreciation by investing primarily in small-cap income trusts in the business, real estate, resources, and power and utilities sectors.

The portfolio manager uses fundamental analysis to identify undervalued prospects with good growth potential. High returns on capital, free cash flow and modest capital expenditure requirements are key attributes sought in small-cap trusts. The manager also selects smaller companies that are likely candidates for conversion to trusts.

Investors benefit in several key ways:
• Participation in small-cap trusts, an overlooked sector which offers attractive value and growth potential
• Higher yield and greater tax-efficiency than bonds and guaranteed investments
• Stable distributions, thanks to broadly diversified investments
• Potential long-term capital appreciation, with lower volatility than traditional small-cap equities
• Daily liquidity at the net asset value (NAV)

The Fund meets the needs of investors who seek high growth potential with consistent monthly distributions.

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Performance


Average Annual Compound Returns (as of July 31, 2008) - Series A
YTD
3 Month
6 Month
1 Year
3 Year
5 Year
SI
-0.2%
-3.9%
3.2%
2.6%
8.7%
n/a
8.7%

Annual Returns

2007
2006
2005*
14.1%
10.7%
1.9%

*Total return for the period July 29, 2005 - December 31, 2005

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Portfolio managers

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.

Aubrey Hearn, Associate Portfolio Manager

Aubrey joined Sentry Select in 2005 and specializes in the research and analysis of business trusts in the consumer and industrial sectors.

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Distributions


Current monthly distributions of $0.05
2007
2006
20051
From income exc. dividends
0.40
0.34
0.14
From dividends
0.19
0.07
0.01
From capital gains
0.26
0.15
-
Return of capital

-

0.04

-

Total distributions2
0.85
0.60
0.15

1 Results are for the period from July 29, 2005 - December 31, 2005.
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):

Assets under management: $ 43,417,888

Top 25 holdings (unaudited)
Security

% of net assets

Colabor Income Fund

5.74

Zargon Energy Trust

5.42

Parkland Income Fund

3.84

Artis REIT

3.57

Pizza Pizza Royalty Income Fund

3.05

Davis + Henderson Income Fund

2.88

Freehold Royalty Trust

2.82

Armtec Infrastructure Income Fund

2.81

Crombie Real Estate Investment Trust

2.78

Allied Properties REIT

2.67

Morneau Sobeco Income Fund

2.51

Northern Property REIT

2.51

Teranet Income Fund

2.42

Cathedral Energy Services Income Trust

2.12

Home Equity Income Trust

2.03

Canadian Helicopters Income Fund

1.99

Trimac Income Fund

1.95

Pollard Banknote Income Fund

1.94

Cominar REIT

1.90

Premium Brands Income Fund

1.87

Saxon Financial Inc.

1.80

Le Chateau Inc.

1.64

ATS Andlauer Income Fund

1.59

K-Bro Linen Income Fund

1.48

Daylight Resources Trust

1.41


Portfolio Allocation by Sector (unaudited)
Sector

% of net assets

Industrial28.71
Consumer28.69
Energy16.93
REIT15.51
Financial1.80
Information technology1.02
Utilities and infrastructure0.47
Cash6.86
Total net assets100.00

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