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INSTITUTIONAL
LARGE INDEX ACCOUNT
Following is a
summary of information about the Sentry Institutional Large
Index Account. Investors are advised to learn key data about
an investment prior to making any investment decision.
Objective
The objective
of the Institutional Large Index Account is to seek to replicate
the aggregate price and yield performance, before expenses,
of the S&P 500 Index. It invests solely in the Vanguard®
Institutional Index Fund.
Investor
Profile
The Institutional
Large Index Account may be suitable for investors with a
long-term investment horizon who are seeking long-term growth
of capital and income from dividends by participating in
the large capitalization sector of the stock market. Individuals
must be willing and able to accept considerable changes
in unit price both in the short and long-term.
Investment
Strategy
The Vanguard
Institutional Index Fund invests in all 500 stocks listed
in the S&P 500 index in approximately the same proportion
as they are represented in the index. The correlation between
the performance of the fund and that of the index is expected
to be 0.95 or higher. The unmanaged Standard & Poor’s
500 Composite Stock Price Index is a widely recognized benchmark
of the U.S. stock market performance. The fund remains fully
invested at all times and does not speculate on the direction
of the index. To assure a fully invested position given
daily cash flows into and out of the fund, the advisor normally
holds up to 5 percent of the fund’s net assets in
S&P 500 futures contracts.
Investment
Considerations
The Institutional
Large Index Account takes a passive/index, unmanaged approach
to investing in 500 of the largest U.S. companies. This
account is appropriately used by investors seeking exposure
to 500 of the largest U.S. company stocks for part or all
of their retirement portfolio.
PORTFOLIO
DATA
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Asset Allocation (as of 12-31-2009) |
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| Stocks | 100.00% | | Short-term Reserves | 0% |
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Key Facts (as of 12-31-2009) |
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| Number of Stocks | 502 | | Price/Earnings Ratio | 30.3x | | Turnover Rate (Fiscal Year End December) | 6.3% | | Beta 3 year trailing (vs. S&P 500 Index) | 1.00 |
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| Top Ten Stock Holdings (as of 12-31-2009) | Concentration | | Range | |
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| Exxon Mobil Corp. | 0 | % | | | | Microsoft Corp. | 0 | % | | | | Apple Computer, Inc. | 0 | % | | | | Johnson & Johnson | 0 | % | | | | Procter & Gamble Co. | 0 | % | | | | International Business Machines Corp. | 0 | % | | | | AT&T Inc. | 0 | % | | | | JPMorgan Chase & Co. | 0 | % | | | | General Electric Co. | 0 | % | | | | Chevron Corp. | 0 | % | | |
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Top Ten Equals 19.2% of Portfolio |
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Top Sectors (as of 12-31-2009) |
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| Information Technology | 19.80 | % | | Financials | 14.40 | % | | Health Care | 12.60 | % | | Energy | 11.50 | % | | Consumer Staples | 11.40 | % | | Industrials | 10.20 | % | | Consumer Discretionary | 9.60 | % | | Utilities | 3.70 | % | | Materials | 3.60 | % | | Telecommunication Services | 3.20 | % | |
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| Vanguard Institutional Index Fund* |
| Average
Annual Returns |
Annual
Total Returns |
| (as
of
02-28-2010)
|
(as
of 12-31)
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|---|
| | 1 Month | 3.10% | | | | 3 Months | 1.33% | | | | YTD | (0.61)% | | | | 1 year | 53.77% | | | | 3 years | (5.61)% | | | | 5 years | 0.41% | | | | 10 years | (0.27)% | | | | | | | | | | | | | | | | |
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| | 1994 | 1.31% | | | | 1995 | 37.60% | | | | 1996 | 23.06% | | | | 1997 | 33.36% | | | | 1998 | 28.79% | | | | 1999 | 21.17% | | | | 2000 | (8.95)% | | | | 2001 | (11.93)% | | | | 2002 | (22.03)% | | | | 2003 | 28.66% | | | | 2004 | 10.86% | | | | 2005 | 4.91% | | | | 2006 | 15.78% | | | | 2007 | 5.47% | | | | 2008 | (36.95)% | | | | 2009 | 26.63% | |
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*
Investment management, brokerage fees and all other Vanguard expenses
total 0.05 percent per year and are deducted from the asset value
of the Vanguard Institutional Index Fund. The investment manager
for the Vanguard Institutional Index Fund is Donald M. Butler,
CFA. *Performance figures for the Vanguard Institutional Index
Fund include the reinvestment of all dividends and capital gain
distributions. All returns are net of mutual fund expenses. Money
invested by participants in the Sentry Life Institutional Large
Index Account is then invested by Sentry Life Insurance Company
or Sentry Life Insurance Company of New York into the underlying
mutual fund. A Separate Account fee for sales, marketing, taxes,
account compliance, overhead and legal/audit fees will be applied
to this Separate Account. The total returns of this Separate Account
would be less than that quoted above. The information contained
in this fact sheet is for illustrative purposes only and is not
an indication of future composition or performance. The investment
return and principal value of this Separate Account will fluctuate
along with changes in the Vanguard Institutional Index Fund so
that units, when redeemed, may be worth more or less than their
original cost. Past performance is not a guarantee of future results.
Sentry Life Insurance Company, Stevens Point, Wisconsin (products not available in all states)
Sentry Life Insurance Company of New York, Syracuse, New York (products available in New York only)
Sentry’s property and casualty insurance coverages are underwritten by Sentry Insurance a Mutual Company, or its subsidiaries and affiliates Sentry Select Insurance Company, Middlesex Insurance Company, or Patriot General Insurance Company; Stevens Point, Wisconsin, and Sentry Lloyds of Texas, Round Rock, Texas. Companies not licensed in all states. Life insurance, pensions and group products are issued and administered by Sentry Life Insurance Company, Stevens Point, Wisconsin. In the State of New York, life insurance, pensions and group products are issued and administered by Sentry Life Insurance Company of New York, Syracuse, New York. Policies, coverages, and discounts are not available in all states.
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