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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of June 29, 2018

The following securities were included in the portfolio as at the end of the respective month. For further information on each security please click on the security name.

ALGONQUIN POWER & UTILITIES
BCE INC
ENBRIDGE INC
GIBSON ENERGY INC
INTER PIPELINE LTD
NORTHLAND POWER INC
PEMBINA PIPELINE CORP
SHAW COMMUNICATIONS INC-B
TELUS CORP
ALTAGAS LTD
CAPITAL POWER CORP
ENERCARE INC
INNERGEX RENEWABLE ENERGY
KEYERA CORP
PARKLAND FUEL CORP
ROGERS COMMUNICATIONS INC-B
SUPERIOR PLUS CORP
TRANSCANADA CORP

Option Strategy

The Fund employs Strathbridge’s proprietary SSO option strategy to generate additional returns above the distributions earned on its equity securities. The Fund may, from time to time, selectively write covered call options in respect of up to a maximum of 25 percent of the securities in the portfolio. Click here for a detailed review of the Strathbridge Selective Overwriting (“SSO”) strategy.

Call & Put Options Summary Statistics

The following table provides summary statistics for the level of covered call writing and level of Put buying Year-to-Date for the most recently completed calendar quarter compared to the Prior Fiscal Year ended.

  YTD March 2017
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 4.4% 1.7% 2.6% 0.0%
Percent of portfolio hedged with put options 0.0% 0.0% 0.0% 0.0%

Quarterly Portfolio Summary

The quarterly portfolio updates include the top 25 holdings including cash and the percentage for each holding as well as sector or geographic composition.

Top 19 Holdings as of June 30, 2018

Sector Allocations
Holding Name % of NAV
Cash      14.6%
Gibson Energy Inc.      6.7%
AltaGas Ltd.      6.6%
Rogers Communications, Inc.      6.4%
Innergex Renewable Energy Inc.      6.3%
Northland Power Inc.      6.1%
Capital Power Corporation      5.8%
Parkland Fuel Corporation      5.6%
TELUS Corporation      5.6%
Inter Pipeline Ltd.      5.5%
Pembina Pipeline Corporation      5.4%
Keyera Corp.      5.4%
Shaw Communications Inc. - Class B      4.6%
Superior Plus Corp.      4.5%
Algonquin Power & Utilities Corp.      4.4%
Enbridge Inc.      3.8%
TransAlta Renewables Inc.      3.6%
BCE Inc.      3.3%
Enercare Inc.      3.2%

 

 

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