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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of March 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
BROOKFIELD RENEWABLE PARTNER
EMERA INC
FORTIS INC
JUST ENERGY GROUP INC
NEXTERA ENERGY INC
PARKLAND FUEL CORP
SUPERIOR PLUS CORP
TRANSCANADA CORP
ALTAGAS LTD
BORALEX INC -A
CAPITAL POWER CORP
ENBRIDGE INC
GIBSON ENERGY INC
KINDER MORGAN CANADA LTD
NORTHLAND POWER INC
ROGERS COMMUNICATIONS INC-B
TELUS CORP
VALENER INC

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 December 2016
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 2.6% 0.0% 5.2% 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 20 Holdings as of December 31, 2017

Sector Allocations
Holding Name % of NAV
Cash      7.7%
Algonquin Power & Utilities Corp.      6.5%
Parkland Fuel Corporation      6.3%
BCE Inc.      6.3%
Pembina Pipeline Corporation      6.0%
Brookfield Renewable Energy Partners L.P.      6.0%
Brookfield Infrastructure Partners L.P.      5.9%
Emera Incorporated      5.5%
Inter Pipeline Ltd.      5.4%
TELUS Corporation      5.3%
TransCanada Corporation      4.9%
Rogers Communications, Inc.      4.8%
Boralex Inc.      4.1%
AltaGas Ltd.      4.0%
Northland Power Inc.      4.0%
Canadian Utilities Limited      4.0%
Fortis Inc.      3.9%
Gibson Energy Inc.      3.4%
Enbridge Income Fund Holdings Inc.      3.4%
Enercare Inc.      3.2%

 

 

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