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Sentry Select Global Real Estate Fund

Snapshot

Global Real Estate Fund - Class F units
TSX Symbol/Fund Code:
Inception Date: December 20, 2007
Conversion Date: February 1, 2010
Investment Type: Closed-end investment trust
 
Global Real Estate Fund - Class F warrants
TSX Symbol/Fund Code:
Inception Date: December 20, 2007
Investment Type: Closed-end investment trust
 
Global Real Estate Fund - Listed units
TSX Symbol/Fund Code: GRE.UN
Inception Date: December 20, 2007
Conversion Date: February 1, 2010
Investment Type: Closed-end investment trust
 
Global Real Estate Fund - Listed warrants
TSX Symbol/Fund Code: GRE.WT
Inception Date: December 20, 2007
Investment Type: Closed-end investment trust
 
Portfolio Manager:
Dennis Mitchell
Details
Portfolio Manager:
Sandy McIntyre
Details
Net Asset Value
NAVPU NAV Date
Global Real Estate Fund - Class F units $9.27 August 21, 2008
Global Real Estate Fund - Listed units $8.78 August 21, 2008
show all
 
Market Price
Price Change As Of
Global Real Estate Fund - Listed units $7.50 -$0.15 August 27, 2008
Global Real Estate Fund - Listed warrants $0.06 $0.00 August 27, 2008
show all
 

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Product overview


Sentry Select Global Real Estate Fund was created to capitalize on attractive investment opportunities in the global real estate market. It seeks to benefit from stable income from real estate issuers in mature real estate markets and opportunities for capital appreciation from emerging markets with faster-growing economies. The Fund offers Listed Units and Class F units.

Investors may benefit in several key ways;

  • Income from real estate issuers in mature real estate markets
  • Opportunities for capital appreciation from emerging markets with faster-growing economies
  • Additional return potential through warrants, exercisable on or before October 31, 2009
  • Conversion to an open-end mutual fund after two years (February 1, 2010)

The Fund meets the needs of investors seeking to enhance portfolio diversification. As an asset class with a low correlation to stocks and bonds, real estate securities can provide increased return potential and diversification within a well-balanced portfolio.

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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
-16.2%
-5.8%
-6.1%
n/a
n/a
n/a
-19.5%

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Portfolio managers

Dennis Mitchell, Portfolio Manager

Dennis is a member of the income trust management team. He joined Sentry Select in 2005 as a research analyst and was named portfolio manager in 2007. Dennis specializes in real estate investment trusts (REITs) and infrastructure trusts. He has more than eight years of experience in the financial industry.

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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Portfolio holdings


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

Net assets: $ 30,495,902

Top holdings: (unaudited)
Name of security

% of Net Assets

First Capital Realty Inc.3.26
Extendicare Real Estate Investment Trust2.52
Calloway Real Estate Investment Trust2.41
Sun Hung Kai Properties Limited2.38
Cheung Kong Holdings Limited2.16
The British Land Company PLC2.07
Artis Real Estate Investment Trust2.06
Westfield Group2.06
Unibail-Rodamco SA2.01
Brixton Ltd.2.00
Stockland Trust1.99
Klepierre1.97
Brookfield Properties Corporation1.95
Country Garden Holdings Co Ltd.1.85
China Overseas Land & Investment Ltd.1.82
Allied Properties Real Estate Investment Trust1.72
Sino-Ocean Land Holdings Limited1.60
China Reources Land Ltd.1.45
RioCan Real Estate Investment Trust1.43
Shimao Property Holdings Limited1.27
Mainstreet, Mainstreet Equity Corp.1.12
The Link Real Estate Investment Trust1.04
Boston Properties, Inc.1.02
Regency Centers Corporation1.01
Simon Property Group Inc.0.99

Portfolio Breakdown: (unaudited)
Sector

% of Net Assets

Cash and cash equivalents54.85
Foreign equities25.67
Real Estate Investment Trusts (REITs)10.15
Canadian equities6.33
Other assets, net of liabilities3.00
Total Net Assets

100.00


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