Sentinel Government Securities Fund (SEGSX)

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Growth of a $10,000 investment (Class A Shares without sales charge)
March 31, 2003 to March 31, 2013
The graph is for illustrative purposes only and reflects the hypothetical growth of a $10,000 investment with all distributions reinvested. Past performance does not predict future results. Performance shown in the graph reflects expenses and management fees, but does not reflect sales charges. If performance had included the appropriate sales charge, returns would be lower.
Fund Facts
As of 03/31/2013
SYMBOLSEGSX
CUSIP817270606
Inception09/02/1986
Min. initial investment$1,000
Number of Holdings45
Total annual operating expenses40.81%
Total annual turnover5581%
Cash3.3272%
Effective maturity (years)0
Effective duration (years)5.151
30-Day SEC Yield
As of 05/31/2013
Sentinel Government Securities Fund 1.82
Performance1
Monthly Performance as of 05/31/2013
  YTD 1YR 3YR 5YR 10YR Since Inception
NAV -1.63 0.33 3.23 4.90 4.59 6.39
POP -3.85 -1.94 2.45 4.43 4.36 6.30
Quarterly Performance as of 03/31/2013
  YTD 1YR 3YR 5YR 10YR Since Inception
NAV -0.43 2.55 4.41 5.00 4.83 6.48
POP -2.68 0.22 3.61 4.53 4.59 6.39
Data shown is historical performance for each share class and reflects reinvested distributions. Investment return and principal value will vary so that you may have a gain or loss when you sell shares. Past performance does not guarantee future results; current performance may be higher or lower than data quoted. For performance current to the most recent month-end click here.
Management Team
David Brownlee, CFA
Portfolio Manager
Industry: 1981
Sentinel: 1993
Jason Doiron, PRM, FRM
Portfolio Manager
Industry: 2000
Sentinel: 2008
 
Daily Pricing ($) As of 06/18/2013
NAV 10.55
NAV Change ($)  N/A
POP 10.79
Lipper Category
General US Govt Funds
Morningstar Category
Intermediate Government
Morningstar Style Box
Morningstar Ratings
As of 05/31/2013
  Class AClass A-LW Cat. Size
Overall 314
3 Year 314
5 Year 286
10 Year 247
Objective
The Fund seeks high current income while seeking to control risk.
Important Disclosure

All data as of March 31, 2013 unless otherwise noted. The composition of the Fund’s holdings is subject to change.

Data shown is historical performance for each share class and reflects reinvested distributions. Investment return and principal value will vary so that you may have a gain or loss when you sell shares. Public Offering Price (POP) performance data for Class A shares includes the maximum 2.25% sales charge. POP performance data for Class C shares includes the 1% Contingent Deferred Sales Charge (CDSC). Class I shares do not impose a sales charge. Only eligible investors may purchase Class I shares, as described in the prospectus. Past performance does not guarantee future results; current performance may be higher or lower than data quoted. For performance current to the most recent month-end, click here.

The Fund may use derivatives, which are financial contracts whose value depends upon or is derived from the value of an underlying asset, reference rate, or index. The Fund may use derivatives as part of a strategy designed to reduce exposure to certain risks, such as risks associated with changes in interest rates, or currency or credit risk ("hedging"). The use of derivatives may reduce the Fund's return and increase the volatility in movements in the Fund's net asset value. For additional information regarding the use of derivatives, please see the Fund's current prospectus.

The Fund is subject to interest rate risk. Bond values will generally decrease when interest rates rise and will generally increase when interest rates fall.

Mortgage-backed securities (MBS) are subject to pre-payment risk.

Fund shares are not insured or guaranteed by the US government or its agencies.

The following are total annual operating expense ratios for Sentinel Government Securities Fund Class A, C, & I shares; A - 0.80%, C - 1.59% I - 0.57%. All expense ratio data is sourced from the prospectus dated March 29, 2012, as supplemented June 30, 2012.

  1. Performance of the Class A shares is based on the 2.25% maximum sales charge and is not adjusted to reflect the maximum 4% sales charge in effect from inception through April 10, 2005 and from June 1, 2006 through July 31, 2010, nor has it been adjusted to reflect the maximum sales charge of 2% in effect from April 11, 2005 to May 31, 2006. If it was the returns would be lower.
  2. Performance of the Class C shares prior to their inception on June 1, 2006 is based on the performance of the Class A shares, adjusted to reflect that Class C shares do not charge a front-end sales charge but may be subject to a CDSC, and adjusted for the higher estimated expenses of Class C shares. The "since inception" performance data for Class C shares is calculated from September 2, 1986, which was the inception date of the Fund.
  3. Performance of the Class I shares prior to their inception on May 4, 2007 is based on the performance of the Class A shares restated to reflect that Class I shares are not subject to a sales charge. The "since inception" performance data for Class I shares is calculated from September 2, 1986, which was the inception date of the Fund. Only eligible investors may purchase Class I shares, as described in the prospectus.
  4. Expense ratio before custodian credits and reimbursements. Source: prospectus dated March 30, 2013.
  5. Total annual turnover quoted from the November 30, 2012 annual report.

Effective maturity is an average time to maturity of all the securities held in the portfolio, weighted by each security's percentage of net assets.

Effective duration is a measure of the sensititivity of a bond's price to changes in interest rates which incorporates embedded option features such as call/put provisions. Bonds with longer durations generally experience greater price volatility than bonds with shorter durations.

SEC annualized yields are computed by dividing net investment income by the product of the average daily number of shares outstanding that were eligible to receive dividends and the maximum offering price per share on the last day for the 30-day or one month period ending on the date for which other performance data is shown above.

The Barclays US Government Bond Index is an unmanaged index comprising US government and government agency securities with maturities of one year or longer. An investment cannot be made directly in an index.

The Barclays US Mortgage Backed Securities (MBS) Index is an unmanaged index of agency mortgage-backed pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA), and Federal Home Loan Mortgage Corporation (FHLMC). An investment cannot be made directly in an index.

Sources: BondEdge, Lipper, Morningstar

The Morningstar Style BoxTM reveals a fund's investment style as of the date noted on this report. For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.

Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by a Nationally Recognized Statistical Rating Organization (NRSRO). If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time.

For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve.

For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive.

Morningstar ratings reflect historical risk-adjusted performance as of May 31, 2013 and are subject to change every month. Ratings are based on a risk-adjusted return measure that accounts for variations in monthly performance (including the effects of sales charges, loads and redemption fees) emphasizing downward variations and rewarding consistent performance. Ten percent of the funds in a category receive five stars, 22.5% four stars, 35% three stars, 22.5% two stars and 10% one star. The Overall Rating reflects a weighted average of a fund’s 3-, 5- and 10-year (if applicable) risk adjusted performance. The peer category is Morningstar Intermediate Government

Morningstar Load-Waived Ratings supplement Morningstar Ratings for Class A shares by recalculating measures that are load-adjusted without the effects of the front-end sales charge. Load Waived ratings should only be considered by investors who are not subject to the Fund’s front-end sales charge.

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Please consider a fund's objectives, risks, charges and expenses carefully before you invest. The prospectus contains this and other information. Please read the prospectus carefully before you invest or send money. Investment return and principal value in any of the Funds will vary so that you may have a gain or loss when you sell shares. The performance data shown represents past performance, which is not a guarantee of future results. Current performance may be higher or lower than any data quoted. Mutual funds are not insured by the Federal Deposit Insurance Corporation or any other government agency and are neither guaranteed by, nor deposits or other obligations of, any bank or affiliate. The Funds referred to on this Website may be offered only to persons in the United States and by way of prospectus.

Sentinel Investments is the unifying brand name for Sentinel Financial Services Company, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc.

Sentinel Funds are distributed by Sentinel Financial Services Company, member FINRA, One National Life Drive, Montpelier, Vermont 05604.