Strathbridge Asset Management
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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 December 31, 2016
Holding Name % of NAV
CHEVRON CORPORATION      6.0%
MICROSOFT CORPORATION      5.5%
AMERICAN EXPRESS COMPANY      5.4%
THE BOEING COMPANY      5.4%
FEDEX CORPORATION      5.3%
CATERPILLAR INC.      5.3%
UNITED PARCEL SERVICE, INC.      5.1%
UNITEDHEALTH GROUP INCORPORATED      4.9%
NORFOLK SOUTHERN CORPORATION      4.8%
UNITED TECHNOLOGIES CORPORATION      4.2%
Sector Allocations

 

 

 Pricing
As of 04-20-2017
Current NAV for LVU.UN: $10.23
Market Price: $9.87
Last Traded: 04-13-2017 11:52am
View Historical NAV  
 Quick Facts
Inception Date: 03-13-2013
Total Assets As of 12-31-2016: $6.62 mm
Management Fee: 1%
Service Fee: 0.4%
 Distributions & Tax
Current Distributions for LVU.UN: $0.05
Current Yield: 5.72%
View Historical Distributions  
 News
2017-04-04
LVU: Declares Monthly Fund Distribution
2017-03-22
LVU: Announces Annual Results
2017-03-06
LVU: Declares Monthly Fund Distribution
2017-02-03
LVU: Declares Monthly Fund Distribution
2017-01-04
LVU: Declares Monthly Fund Distribution
View More News