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Low Volatility U.S. Equity Income Fund

 

LVU.UN

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Fund Overview

Overview

The Fund is a closed-end investment trust that invests in U.S. equities selected from the S&P 100 Index, with a beta of less than 1.0 and utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Rationale

The portfolio is expected to benefit from exposure to U.S. domiciled large capitalization multinational corporations, broad industry diversification relative to the TSX and exhibit lower portfolio volatility relative to the S&P 100. The Fund is appropriate for those investors looking for conservative exposure to U.S. 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.

Distributions

Distributions are calculated and paid monthly based on 5.0% per annum of the net asset value of the Fund. All distributions will be paid in Canadian dollars.

Portfolio

The Portfolio will generally consist of 20 to 30 equity securities of issuers selected from the S&P 100 Index, a subset of the S&P 500 Index containing the largest issuers by market capitalization, and which have a beta of less than 1.0.

Top 10 Holdings as of March 31, 2017
Holding Name % of NAV
THE ALLSTATE CORP      5.4%
THE HOME DEPOT INC      5.3%
CASH      5.1%
NIKE INC      5.0%
GENERAL DYNAMICS CORP      4.8%
APPLE INC.      4.6%
PEPSICO INC      4.5%
JOHNSON & JOHNSON      4.2%
THE WALT DISNEY COMPANY      4.1%
MONSANTO CO      4.1%
Sector Allocations

 

 

 Pricing
As of 05/18/2017
Current NAV for LVU.UN: $10.33
Market Price: $10.05
Last Traded: 05/18/2017 3:23pm
View Historical NAV  
 Quick Facts
Inception Date: 03/13/2013
Total Assets As of 03/31/2017: $6.69 mm
Management Fee: 1%
Service Fee: 0.4%
 Distributions & Tax
Current Distributions for LVU.UN: $0.05
Current Yield: 5.69%
View Historical Distributions  
 News
5/2/2017
LVU: Declares Monthly Fund Distribution
4/4/2017
LVU: Declares Monthly Fund Distribution
3/22/2017
LVU: Announces Annual Results
3/6/2017
LVU: Declares Monthly Fund Distribution
2/3/2017
LVU: Declares Monthly Fund Distribution
View More News
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