Strathbridge Asset Management
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Portfolio

Monthly Portfolio List as of May 31, 2019

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.

BANK OF MONTREAL
CAN IMPERIAL BK OF COMMERCE
ROYAL BANK OF CANADA
BANK OF NOVA SCOTIA
NATIONAL BANK OF CANADA
TORONTO-DOMINION BANK

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.

  YTD April 2018
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 9.1% 0.0% 6.1% 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 7 Holdings as of May 31, 2019

Sector Allocations
Holding Name % of NAV
The Toronto-Dominion Bank      21.9%
Bank of Montreal      19.0%
Cash and Short-Term Investments      18.2%
Royal Bank of Canada      18.2%
The Bank of Nova Scotia      13.9%
Canadian Imperial Bank of Commerce      9.0%
National Bank of Canada      4.2%