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NDX Growth & Income Fund

 

NGI.UN
CLASS U

Fact SheetFact SheetConference Call (April 2, 2015)Conference Call (April 2, 2015)

Fund Overview

Overview

The Fund is a closed-end investment trust that invests in an actively managed portfolio consisting of securities included in the NASDAQ-100 IndexSM and utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Rationale

The NASDAQ-100 Index includes 100 of the largest U.S. domestic and international non-financial securities and reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. The Fund is appropriate for those investors looking for conservative exposure to NASDAQ 100 equities while earning attractive distributions and utilizing Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Units

Class A Unit

  • Trade on the TSX under the ticker symbol NGI.UN
  • May be Hedged back to the Canadian dollar at the discretion of the Manager
  • Pays distributions in Canadian dollars

Class U Unit

  • Denominated in US dollars – NAV calculated in US dollars daily
  • Pays US dollar distributions
  • Redeemable in US dollars
  • Convertible into Class A units weekly

Distributions

Class A distributions 0f $0.60 per Class A unit per annum are paid in the amount of $0.15 each calendar quarter.

Class U distributions of US$0.60 per Class U unit per annum are paid in the amount of US$0.15 each calendar quarter.

Distributions are not fixed but are reviewed and set annually at the discretion of the Fund.

Portfolio

The portfolio will generally consist of 20-30 positions selected from those securities included in the NASDAQ-100 IndexSM.

Top 10 Holdings as of December 31, 2016
Holding Name % of NAV
MARRIOTT INTERNATIONAL, INC.      5.8%
CHARTER COMMUNICATIONS, INC.      5.4%
CSX CORPORATION      5.4%
AMERICAN AIRLINES GROUP INC.      5.3%
ANALOG DEVICES, INC.      4.8%
NVIDIA CORPORATION      4.8%
WESTERN DIGITAL CORPORATION      4.7%
MICRON TECHNOLOGY, INC.      4.7%
MICROSOFT CORPORATION      4.7%
QUALCOMM INCORPORATED      4.5%
Sector Allocations

 

 

 Pricing
As of 03/22/2017
Current NAV for NGI.UN: $7.91
Market Price: $7.53
Last Traded: 03/22/2017 2:00pm
Current NAV for Class U: $8.17
View Historical NAV  
 Quick Facts
Inception Date: 12/19/2013
Total Assets As of 12/31/2016: $11.94 mm
Management Fee: 1%
Service Fee: N/A
 Distributions & Tax
Current Distributions for NGI.UN: $0.15
Current Yield: 7.97%
Current Distributions for Class U: $0.15
Current Yield: 6.00%
View Historical Distributions  
 News
3/22/2017
NGI: Announces Annual Results
3/6/2017
NGI: Declares Quarterly Fund Distribution
12/5/2016
NGI: Declares Quarterly Fund Distribution
9/6/2016
NGI: Declares Quarterly Fund Distribution
8/23/2016
NGI: Announces Semi-Annual Results
View More News
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