Strathbridge Asset Management
Blog FAQ Advisor Login Print
Home Funds Insights About Us Education & Tools Contact Us   Search
Fund Overview
Fund Features
NAVs
Distributions
Portfolio Manager Updates
Portfolio
Press Releases
Administration Governance
Financial Regulatory
Prospectus

Canadian Utilities & Telecom Income Fund

Fact SheetFact SheetFund UpdateFund Update

 

UTE.UN

Fund Overview

Overview

The Fund is a closed-end investment trust that invests in the utilities and telecommunications sectors and utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

Rationale

These sectors typically demonstrate predictable cash flows, high and growing dividends and are generally viewed as defensive investments. The Fund is appropriate for those investors looking for exposure to the Canadian utility and telecommunications sectors while earning attractive distributions with lower volatility.

Distributions

Distributions are calculated and paid monthly based on 7.0% per annum of the net asset value of the Fund.

Portfolio

The portfolio will generally consist of 15-20 issuers with approximately 2/3 from the utility sector and 1/3 from the telecommunications sector.

Top 10 Holdings as of December 31, 2014
Holding Name % of NAV
SHAW COMMUNICATIONS INC-B      7.7%
FORTIS INC      7.1%
BCE INC      6.8%
TELUS CORP      6.7%
COGECO CABLE INC      6.4%
ROGERS COMMUNICATIONS INC-B      6.3%
EMERA INC      5.6%
ENBRIDGE INC      5.5%
ALGONQUIN POWER & UTILITIES CORP.      5.1%
ENBRIDGE INCOME FUND HOLDING      4.9%
Sector Allocations

 

 

 Pricing
As of 03/02/2015
Current NAV for UTE.UN: $12.25
Market Price: $12.40
Last Traded: 03/03/2015 11:02am
View Historical NAV  
 Quick Facts
Inception Date: 12/17/2010
Total Assets As of 12/31/2014: $45.31 mm
Management Fee: 1.1%
 Distributions & Tax
Current Distributions for UTE.UN: $0.07
Current Yield: 7.17%
View Historical Distributions  
 News
2/4/2015
UTE: Declares Monthly Fund Distribution
1/5/2015
UTE: Declares Monthly Fund Distribution
1/2/2015
Strathbridge Announces Securityholder Approval of Proposal
12/3/2014
UTE: Declares Monthly Fund Distribution
11/12/2014
Strathbridge Announces Special Meeting
View More News
© 2015 Strathbridge Asset Management Inc.         Privacy     |    Legal     |    Trade Matching Statement