Sentry Select - Products - Product Details

Global Real Estate Fund - Class F units

TSX Symbol/Fund Code:
Inception Date:	December 20, 2007
Maturity Date:	January 1, 0001
Conversion Date:	February 1, 2010
Termination Date:	January 1, 0001
Investment Type:	Closed-end investment trust
Sales Commission:
Annual trailer / service fee:

Global Real Estate Fund - Class F warrants

TSX Symbol/Fund Code:
Inception Date:	December 20, 2007
Maturity Date:	January 1, 0001
Conversion Date:	January 1, 0001
Termination Date:	January 1, 0001
Investment Type:	Closed-end investment trust
Sales Commission:
Annual trailer / service fee:

Global Real Estate Fund - Listed units

TSX Symbol/Fund Code:	GRE.UN
Inception Date:	December 20, 2007
Maturity Date:	January 1, 0001
Conversion Date:	February 1, 2010
Termination Date:	January 1, 0001
Investment Type:	Closed-end investment trust
Sales Commission:
Annual trailer / service fee:

Global Real Estate Fund - Listed warrants

TSX Symbol/Fund Code:	GRE.WT
Inception Date:	December 20, 2007
Maturity Date:	January 1, 0001
Conversion Date:	January 1, 0001
Termination Date:	January 1, 0001
Investment Type:	Closed-end investment trust
Sales Commission:
Annual trailer / service fee:

Portfolio Manager:
Dennis Mitchell
Details

Portfolio Manager:
Sandy McIntyre
Details

Net Asset Value
	NAVPU	NAV Date
Global Real Estate Fund - Class F units	$6.52	July 2, 2009
Global Real Estate Fund - Listed units	$6.14	July 2, 2009

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Market Price
	Price	Change	As Of
Global Real Estate Fund - Listed units	$5.61	-$0.41	July 2, 2009
Global Real Estate Fund - Listed warrants	$0.01	$0.00	July 2, 2009

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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.

Average Annual Compound Returns - by Market Price (as of May 29, 2009)

YTD	3 Month	6 Month	1 Year	3 Year	5 Year	SI
18.6%	26.0%	21.8%	-25.0%	n/a	n/a	-27.9%

Annual Returns - by NAV

				2008	2007*
				-34.6%	0.5%

*Total return for the period December 20, 2007 to December 31, 2007.

Annual Returns - by Market Price

				2008	2007*
				-45.2%	-3.0%

*Total return for the period December 20, 2007 to December 31, 2007.

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.

	2008	2007¹
Return of capital	0.50	-
Total distributions^2,3	0.50	-

¹ Results are for the period from November 30, 2007 to December 31, 2007.
²Distributions are based on the actual number of units outstanding at the relevant time.
³Distributions were paid in cash and/or units of the Trust.

Summary of investment portfolio (as of March 31, 2009):

Net assets: $ 18,258,531

Top holdings: (unaudited)

Name of security	% of Net Assets
Allied Properties REIT	7.36
Artis REIT	7.28
Canadian REIT	6.85
First Capital Realty Inc.	6.54
RioCan REIT	6.32
Calloway REIT	6.22
Boardwalk REIT	5.81
Northern Property REIT	5.68
Unibail-Rodamco	3.43
Primaris Retail REIT	2.97
H&R REIT	2.55
Westfield Group	1.56
Holloway Lodging REIT	1.41

Portfolio Breakdown: (unaudited)

Sector	% of Net Assets
Canada	58.98
France	1.56
Australia	3.43
Cash and cash equivalents	36.11
Liabilities, net of other assets	(0.08)
Total Net Assets	100.00

Sentry Select Global Real Estate Fund

Snapshot

Product overview

Performance

Portfolio managers

Dennis Mitchell, Portfolio Manager

Sandy McIntyre, Senior Vice-President and Chief Investment Officer

Distributions

Portfolio holdings