Toronto-based Sentry Investments Inc. has introduced three enhancements to its mutual fund family, including the launch of Sentry Preferred Pricing, a special pricing series featuring tiered-management-fee discounts for eligible investors.
The other enhancements are the addition of Sentry Small/Mid Cap Income Class to the corporate class lineup, and the ability to customize monthly distributions.
Sentry Preferred Pricing – Series P and Series PF securities – is now available across all Sentry funds for purchase by eligible investors who meet the minimum investment amount of $100,000. Investors in the new preferred pricing series receive tiered-management-fee discounts, which can help their investments grow more quickly over time.
Sentry Small/Mid Cap Income Class added to corporate class lineup
Since inception in 2005, Sentry Small/Mid Cap Income Fund has been one of Sentry’s strongest and most consistent performers. The addition of a class version of the fund provides investors with more choice and makes Sentry’s corporate class line-up that much stronger.
The corporate class structure provides greater tax efficiency for non-registered accounts by deferring capital gains tax on investment switches and by minimizing the taxation of annual distributions.
Customizable distribution
In an effort to provide optimal flexibility and choice, Sentry now offers investors additional distribution options. Previously, investors could elect to receive monthly distributions in cash or reinvest them in the relevant fund. Now, a third option has been added: the ability to reinvest a portion of the distribution (either a percentage or a dollar amount per security) and have the remainder paid in cash. Investors also have the choice of reinvesting all or a portion of their distribution in the same fund, or another Sentry fund.