The Clone Builders
According to the company, the Sentry Select Diversified Income Trust is a closed-end trust that invests primarily in a broad range of royalty and income trusts, real estate investment trusts and other high-yield securities.
Reality check #1; The Sentry Select offer includes over 250 names! The Trust has such obscure ones as ACS Media Income Fund, Art In Motion Income Fund, Builders Energy Services Trust, DirectCash Income Fund, Gienow Windows and Doors Income Fund, Hardwoods Distribution Income Fund, Movie Distribution Income Fund, Newport Partners Income Fund and The Brick Group Income Fund. There’s couple more too.
Standard & Poor’s claims the S&P/TSX Capped Income Trust Index is a broad-based composite index which may encompass any or all Global Industry Classification Standard (GICS®) sectors of the income trust marketplace. There are currently 72 names in the S&P/TSX Capped Income Trust Index. These are big names like Bell Nordiq Income Fund, Canadian Oil Sands Trust, Riocan REIT and Transalta Power LP Units.