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SMALL CAP GROWTH ETF ACCOUNT

Following is a summary of information about the Small Cap Growth ETF Account. Investors are advised to learn key data about an investment prior to making any investment decision.

Objective

The objective of this account is to seek investment results that correspond to the performance, before fees and expenses, of the S&P SmallCap 600 Index, or a similar U.S. small cap stock index. It invests solely in the Sentry Small Cap Growth ETF Portfolio.

Investor Profile


The Small Cap Growth ETF Account may be suitable for investors with a very long-term investment horizon who are seeking long-term growth of capital by participating in the small capitalization sector of the U.S. stock market. Individuals must be willing and able to accept substantial changes in unit price both in the short, long and very long term.

Investment Strategy


Sentry Small Cap Growth ETF Portfolio invests primarily in one or more exchange traded funds (ETFs) that seek investment results that correspond to the performance, before fees and expenses, of U.S. small cap stocks, as represented by the S&P SmallCap 600 Index or a similar index. The portfolio managers employ a passive investment strategy. Cash may be held in the portfolio to efficiently accommodate purchases and redemptions.

Investment Considerations


The SmallCap Growth ETF Account takes a passive approach to investing in small cap U.S. companies and is appropriate for investors seeking a passive investment management approach to U.S. small cap stocks for a portion of their retirement portfolio.

PORTFOLIO DATA

Asset Allocation (as of 06-30-2008)
  
iShares S&P SmallCap 600 Index Fund98.40%
Cash1.60%
 
Key Facts (as of 06-30-2008)
  
Price/Earnings Ratio24.49
Price/Book Ratio3.19x
Beta (vs. S&P 500)1.04
 
Top Ten Stock Holdings (as of 06-30-2008)
Oceaneering Intl Inc
Patriot Coal
St. Mary Land & Exploration Co.
Unit Corp.
Helix Energy Solutions Group, Inc.
Ansys Inc.
Atwood Oceanics, Inc.
Itron Inc.
Southern Union Co.
Penn Virginia
Top Ten Equals 8.04% of Portfolio
 
Top Sectors (as of 06-30-2008)
   
Industrials17.63%
Information Technology17.14%
Financials15.58%
Consumer Discretionary12.63%
Health Care12.46%
Energy11.42%
Utilities5.27%
Consumer Staples3.79%
Materials3.59%
Telecommunication Services0.21%
Total99.72%
Sentry Small Cap Growth ETF Portfolio*
Average Annual Returns Annual Total Returns
(as of 07-31-2008) (as of 12-31)
    
 1 Month2.93% 
 3 Months(0.97)% 
 YTD(4.86)% 
 1 year(8.36)% 
 3 yearsN/A 
 5 yearsN/A 
 10 yearsN/A 
    
    
    
    
 2006      10.28% 
 2007      (2.10)% 

Investment management, brokerage fees and all other expenses of Sentry Investment Management, Inc. total 0.25 percent per year and are deducted from the asset value of the Sentry Small Cap Growth ETF Portfolio. The investment managers for the Sentry Small Cap Growth ETF Portfolio are Christopher Meadows, CFA and Chad Rice. *Performance figures for the Sentry Small Cap Growth ETF Portfolio include the reinvestment of all dividends and capital gain distributions. All returns are net of portfolio expenses. Money invested by participants in the Sentry Life Small Cap Growth ETF Account is then invested by Sentry Life Insurance Company into the underlying portfolio. A separate account fee for sales, marketing, taxes, account compliance, overhead and legal/audit fees will be applied to this Separate Account. The separate account fee will reduce the total returns of the Separate Account 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 Sentry Small Cap Growth ETF Portfolio so that units, when redeemed, may be worth more or less than their original cost. Past performance is not a guarantee of future results.

 

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