THE SENTINEL FUNDS
Supplement dated May 10, 1999 to Prospectus dated March 31, 1999
Examples
The numbers below replace the corresponding numbers in the examples shown on
page 13.
Class B (if you redeem at the end of the period): 1 year 3 years 5 years
Common Stock $584 $ 869 $1180
Balanced 593 897 1226
Mid Cap Growth 632 1015 1425
Small Company 628 1003 1405
World 628 1003 1405
High Yield 555 780 1029
Bond 587 879 1195
Money Market 480 549 633
Class C (if you redeem at the end of the period): 1 year
Common Stock $295
Balanced 321
World 324
High Yield 309
Class D (if you redeem at the end of the period): 1 year 3 years 5 years
Balanced $769 $1023 $1302
Performance Data
The Funds may from time to time include average annual total return
figures in advertisements or other material the Funds send to existing or
prospective shareholders. The Funds calculate these figures by determining the
average annual compounded rates of return that would produce the redeemable
value of the Fund being shown at the end of each period for a given initial
investment. All recurring and nonrecurring expenses are included in the
calculation. It is assumed that all dividends and distributions are reinvested.
In addition, to better illustrate the performance of money already invested in
the Funds, the Funds may also periodically advertise total return without
subtracting sales charges.
The fixed income Funds may also quote yields in advertisements. Yields are
computed by dividing net investment income for a recent 30-day (or one month)
period by the product of the average daily number of shares outstanding during
that period and the maximum offering price per share on the last day of the
period. The result is then annualized. These Funds may also show comparable
yields to those shareholders already invested in the Funds by using the net
asset value per share instead of maximum offering price in the above
calculations. This has the effect of raising the quoted yields. The Tax-Free
Income, New York and Pennsylvania Funds may also include tax-equivalent yields
in advertisements. Tax-equivalent yields increase the yield as calculated above
to make it comparable on an after-tax basis to an investment which produces
taxable income.
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The Funds may compare their performance to relevant indices in
advertisements. The equity Funds may compare their performance to stock
indices, including the Dow Jones Industrial Average, the Standard & Poor's 500
Stock Index, and the Russell 2000 Index. The World Fund may compare its
performance to the "EAFE" (Europe, Australia, Far East) Index. The High Yield
Fund may compare its performance to the Chase Manhattan Bank Index. The fixed
income Funds may compare their performance to bond or money market indices,
including the Lehman Aggregate Bond Index, Municipal Bond Index, or Government
Bond Index, and Donoghue's Money Fund Report.
The Funds may also refer to rankings and ratings published by independent
tracking services and publications of general interest including Lipper
Analytical Services, Inc., CDA/Wiesenberger, Morningstar, Donoghue's; magazines
such as Money, Forbes, Kiplinger's Personal Finance Magazine, Financial World,
Consumer Reports, Business Week, Time, Newsweek, U.S. News and World Report;
and other publications such as the Wall Steet Journal, Barron's, Investor's
Daily, and Standard & Poor's Outlook. These ranking services and publications
may rank the performance of the Funds against all other mutual funds or against
funds in specified categories. The rankings may or may not include the effects
of sales or other charges.
High Yield Fund Class B Shares - Promotion
As a special promotion during the period May 1, 1999 to July 31, 1999,
Sentinel Financial Services Company will pay to dealers who agree to
participate in the promotion, on sales of Class B shares of Sentinel High Yield
Bond Fund, the following amounts (stated as percentages of the aggregate
purchase amount):
Broker-Dealer
Amount of Purchase Payment Payment
-------------------------- -------------
Up to $249,999..................................5.0%
$250,000 to $499,999............................3.5%
$500,000 to $999,999............................3.0%
These amounts are 1.0% greater than the payments normally made on such sales.
