Sentry U.S. Monthly Income Fund

Sentry U.S. Monthly Income Fund

Access the World’s Largest Market with Lower Volatility


Aubrey Hearn
James Dutkiewicz

Looking South of the Border

While Canada represents just 3% of the world’s investable universe, the U.S. boasts the world’s
largest economy and is home to many worldclass businesses with global operations.

Overlooking the U.S. would have been considerably detrimental to portfolios historically . And for those looking to participate in further upside, with a view to insulate themselves against drawdowns, this fund’s strategic allocation to fixed income could make this an ideal fit.

Asset Allocation2
CanadaU.S.Rest of the world34
10–Year Returns
Source: Morningstar, as at June 30, 2018. 2Based on country weightings of the MSCI ACWI Index. 3S&P/TSX Composite Index 4S&P 500 Index (Unhedged)

Look to the U.S. for:

Innovation and the leaders of tomorrow

Strong health care and technology sectors – with tailwinds

Multinational revenue (~40% from foreign countries)

Participation in the growth of emerging markets with lower volatility

Insistence on Attractive Income from Equities and Bonds

Distribution Yield5

Source: Morningstar Direct, as of June 30, 2018. 5Based on trailing 12 month distributions.


  • Equity

. Growing dividend payers
. High free-cash-flow focus

  • Fixed Income

. Inclusion of investment-grade corporate and high-yeld bonus for higher income

Key Reasons to Invest

  • Flexible mandate with the ability to allocate between 25–75% to each of U.S. equities and fixed income
  • Has historically provided equity-like returns with lower volatility
  • Attractive elements of growth, stability and income in a high-conviction mandate
  • Ideal U.S. equity replacement to help de-risk portfolios

Fund Details

Fund Size$367 million

Inception DateMarch 4, 20131

Risk RatingLow-to-Medium

12 Mth Dist. Yield

1Series F

Fund Codes

Class Load CIG
A ISC 50245
B LL 53245
DSC 51245
F 54245
Trailing Returns
1 Year 2 Year 3 Year 5 Year Since Inception6
Sentry U.S. Monthly Income Fund – Series A 5.54% 9.67% 7.69% 11.57% 11.62%
Sentry U.S. Monthly Income Fund – Series F 6.75% 10.92% 8.91% 12.83% 12.86%

Source: Morningstar, as at June 30, 2018. 6March 4, 2013

Our Philosophical Tenets

Focus on safety of principal and attractive risk-adjusted returns

Identify and understand high-quality companies that are undervalued

Capitalize on short-term market dislocations through bottom-up, company-specific research

Act with conviction when we find great investment ideas

Build portfolios to mitigate risk and achieve superior risk-adjusted returns over the long-term

The information contained herein is not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. 

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