Toronto-based Sentry Investments Inc.is changing the risk ratings associated with Sentry Growth and Income Fund and Sentry U.S. Growth and Income Fund.
The changes are reflected in the renewal simplified prospectus for the Sentry Group of Funds, dated May 25.
Following an annual review, Sentry has determined that it is appropriate to reduce the risk rating for Sentry Growth and Income Fund to “low to medium” from “medium”, and to change the risk rating for Sentry U.S. Growth and Income Fund to “medium” from “low to medium”. No material changes have been made to either mutual funds’ investment objectives or strategies, Sentry says
Sentry Growth and Income Fund aims to seek a balance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of dividend-paying and/or distribution-paying North American equity and income securities, including income trusts and common and preferred shares and, to a lesser extent, interest bearing securities, such as bonds, bills or bankers’ acceptances.
Sentry U.S. Growth and Income Fund seeks a balance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of dividend-paying U.S. equity securities, including common and preferred shares and, to a lesser extent, interest bearing securities, such as bonds, bills or bankers’ acceptances.