TORONTO, ONTARIO--(Marketwire - Sept. 18, 2012) - Sentry Investments ("Sentry"), the manager of the Sentry Group of Funds, is pleased to announce that it has added Sentry Bond Plus Fund, Sentry Enhanced Corporate Bond Fund and Sentry Enhanced Corporate Bond Capital Yield Class to its family of mutual funds.
All three funds are managed by Sentry's experienced fixed-income team - led by James Dutkiewicz, Vice-President and Senior Portfolio Manager - and are available in Series A, F and I.
"Sentry has a unique house style that has delivered superior risk-adjusted returns, with an emphasis on income. These new fixed-income products represent a logical extension of our product suite as they allow us to offer more income options with varying risk profiles for advisors and investors. James has a wealth of knowledge and experience in the fixed-income sphere, and has an investment philosophy and approach that is consistent with the Sentry house style," said Dennis Mitchell, Chief Investment Officer and Senior Portfolio Manager.
Sentry Bond Plus Fund's investment objective is to provide investors with income and the potential for long-term capital appreciation by investing in a conservatively managed, diversified portfolio of primarily Canadian corporate bonds and other fixed-income securities. The Fund has an initial target distribution yield of 2.5%; up to 30% of its assets may be invested in foreign securities.
Sentry Enhanced Corporate Bond Fund's investment objective is to provide investors with income and the potential for long-term capital appreciation by investing in a diversified portfolio consisting primarily of North American and/or international investment-grade and non-investment-grade corporate bonds, and may also include real-return bonds, preferred shares, convertible securities or other fixed-income securities. The Fund has an initial target distribution yield of 4.5%.
Sentry Enhanced Corporate Bond Capital Yield Class' investment objective is to provide investors with a return that is similar to the return of Sentry Enhanced Corporate Bond Fund, or another North American and/or international bond fund managed by Sentry (the "Reference Fund"). The Fund purchases primarily Canadian equity securities which it sells forward under a series of forward contracts in order to provide the Fund with a return that is based on the performance of the Reference Fund. In addition, or in the alternative, the Fund may invest directly in fixed-income securities similar to those held by the Reference Fund. The investment objective of the Reference Fund, Sentry Enhanced Corporate Bond Fund, is described above.
These three new funds expand Sentry's line-up of fixed-income offerings that began with Sentry Tactical Bond Fund, also managed by James Dutkiewicz and the Sentry fixed-income team. The objective of this Fund is to invest primarily in North American and/or international corporate, government and other bonds and other debt instruments. The Fund has a current target distribution yield of 6.5%. This mandate is also available in a tax-efficient class structure for non-registered accounts, through Sentry Tactical Bond Capital Yield Class.
Sentry Investments is a Canadian asset management company with over $8 billion in assets under management on behalf of Canadian investors. Sentry offers a diverse range of investment products, including mutual funds and flow-through limited partnerships. Sentry was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards, and is a three-time recipient of the Brendan Wood International TopGun Asset Management Team Award in 2010, 2011 and 2012.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to Sentry, or the Funds. The forward-looking statements are not historical facts but reflect Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sentry believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the Funds, please visit their profiles at www.sedar.com.
|Commerce Court West
|199 Bay Street, Suite 4100
|P.O. Box 108
|Toronto, ON M5L 1E2