Sentry Select Small Cap Income Fund aims to provide consistent monthly income and capital appreciation by investing primarily in small-cap income trusts, preferred securities, convertible debentures and, to a lesser extent, small-cap equities.
The portfolio manager uses a value-oriented investment approach, utilizing fundamental analysis to identify trusts and stocks that have high returns on invested capital, generate free cash flow and have modest capital expenditure requirements.
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
• Daily liquidity at the net asset value (NAV)
The Fund meets the needs of investors who seek high growth potential with consistent monthly distributions.
Average Annual Compound Returns (as of May 29, 2009) - Series A |
10.4% | 14.4% | 15.2% | -18.8% | -0.4% | n/a | 2.6% |
Annual Returns
*Total return for the period July 29, 2005 - December 31, 2005
Summary of investment portfolio (as of May 31, 2009):
Assets under management: $ 30,462,010
Top 10 holdings (unaudited)
| Security |
% of net assets |
| Morneau Sobeco Income Fund |
6.21 |
| Colabor Income Fund |
4.67 |
| Davis + Henderson Income Fund |
4.49 |
| Black Diamond Income Fund |
4.07 |
| Artis REIT |
4.00 |
| Zargon Energy Trust |
3.83 |
| Canexus Income Fund |
3.40 |
| K-Bro Linen Income Fund |
3.37 |
| Pizza Pizza Royalty Income Fund |
3.35 |
| Parkland Income Fund |
3.15 |
Portfolio Allocation by Sector (unaudited)
| Sectors |
% of net assets |
| Industrials |
28.68 |
| Consumer discretionary |
10.91 |
| Energy |
10.40 |
| REIT |
8.30 |
| Financials |
7.77 |
| Consumer staples |
7.09 |
| Utilities |
3.97 |
| Telecommunication services |
1.41 |
| Materials |
1.31 |
| Health care |
0.93 |
| Bonds |
0.79 |
| Information technology |
0.18 |
| Cash |
18.26 |
| Total – actif net |
100.00 |
Quarterly portfolio disclosure as of March 31, 2009 (Top 25)