TORONTO, ON--(Marketwired - June 10, 2015) - Sentry Investments ("Sentry") is pleased to announce the launch of three new mutual funds: Sentry Alternative Asset Income Fund, Sentry Income Advantage Fund and Sentry Global Mid Cap Income Fund.
Each fund offers very specific opportunities for investors. Sentry Alternative Asset Income Fund provides access to three asset classes that are attracting increasing attention from both retail and institutional investors, including pension managers -- real estate, infrastructure and high-yield bonds. Sentry Income Advantage Fund, which is essentially a bond fund with some equity exposure, is ideal for investors seeking a conservative source of income. With Sentry Global Mid Cap Income Fund, investors can go beyond large caps to access the relatively untapped global mid-cap market. All three funds offer a monthly distribution.
"We are excited to introduce these new funds that are a natural extension of our existing line-up," said Sean Driscoll, Chief Executive Officer, Sentry Investments. "These funds benefit from our strong history as an income provider and a manager of alternative assets. They are managed with Sentry's proven, disciplined house style designed to deliver income and growth with less volatility."
Sentry Alternative Asset Income Fund
The Fund invests primarily in a diversified portfolio of securities with exposure to alternative asset classes including global real estate, infrastructure and fixed-income securities. It provides access to stable income with potential for capital growth from long-duration assets. The initial targeted asset allocation is equally weighted at 33.3% for each asset class (although from time to time, the exposure for each asset class may range from 20% to 50%).
Managers: James Dutkiewicz, Chief Investment Strategist and Senior Portfolio Manager; Michael Missaghie, Senior Portfolio Manager; Gajan Kulasingam, Senior Portfolio Manager
Initial distribution yield: 4.5%
Sentry Income Advantage Fund
The Fund invests primarily in a diversified portfolio of fixed-income and, to a lesser extent, income-oriented equity securities. It combines the stability of a fixed-income fund with the potential for equity growth. The Fund's target weighting is 75% exposure to fixed-income securities with the remaining 25% invested in income-oriented equity securities. It may invest up to 30% in foreign securities.
Managers: James Dutkiewicz, Chief Investment Strategist and Senior Portfolio Manager; Michael Simpson, Senior Vice-President and Senior Portfolio Manager
Initial distribution yield: 2.5%
Sentry Global Mid Cap Income Fund
The Fund provides access to the growth potential of the largely untapped global mid-cap market through a concentrated portfolio of high-quality stocks. To a lesser extent, the Fund may also invest in global small- and large-cap stocks.
Manager: Dennis Mitchell, Executive Vice-President and Chief Investment Officer
Initial distribution yield: 3.5%
SENTRY INVESTMENTS INC.
Sentry Investments was founded in 1997 and is one of Canada's fastest-growing independent asset management companies. Sentry manages over $18 billion in assets on behalf of more than 500,000 Canadian investors. Sentry offers a diverse range of award-winning investment products, available through financial advisors, including domestic and global mutual funds and separately managed accounts.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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. 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 and the Sentry Group of Funds, please visit their respective profiles at www.sedar.com.
Sentry Investments Inc.
Commerce Court West
199 Bay Street, Suite 2700
P.O. Box 108
Toronto, ON M5L 1E2
Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).