U.S. Financials Income Fund |
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USF.UN
CLASS U |
Portfolio |
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Monthly Portfolio List as of May 31, 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.
Option Strategy
The Fund employs Strathbridge’s proprietary SSO option strategy to generate additional returns above the distributions earned on its equity securities. 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.
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| Percent of portfolio subject to covered calls |
9.8% |
20.0% |
4.9% |
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 24 Holdings as of March 31, 2018 |
Sector Allocations |
| Cash |
7.5% |
| The Charles Schwab Corporation |
5.7% |
| PNC Financial Services Group |
5.6% |
| Northern Trust Corporation |
5.4% |
| Berkshire Hathaway Inc. |
5.2% |
| BlackRock, Inc. |
5.0% |
| State Street Corporation |
4.9% |
| Aon PLC |
4.8% |
| Morgan Stanley |
4.7% |
| Citigroup Inc. |
4.6% |
| CME Group Inc. |
4.6% |
| iShares U.S. Broker-Dealers & Securities Exchanges ETF |
4.3% |
| Lazard Ltd |
4.0% |
| Bank of America Corporation |
4.0% |
| American Express Company |
4.0% |
| Intercontinental Exchange, Inc. |
3.4% |
| The Allstate Corp. |
3.1% |
| SPDR S&P Regional Banking ETF |
3.0% |
| JPMorgan Chase & Co. |
2.8% |
| M&T Bank Corporation |
2.7% |
| KKR & Co. L.P. |
2.6% |
| Aflac Incorporated |
2.4% |
| The Bank of New York Mellon Corporation |
2.4% |
| Lincoln National Corporation |
1.6% |
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