Strathbridge Asset Management
FAQ Advisor Login Print
Home Funds Insights About Us Education & Tools Contact Us   Search
Fund Overview
Fund Features
Portfolio Manager Updates
Press Releases
Administration Governance
Financial Regulatory

U.S. Financials Income Fund



Fact SheetFact SheetFund UpdateFund Update

Fund Overview


The Fund is a closed-end investment trust that invests in an actively managed portfolio of U.S. financial issuers and U.S. publicly listed alterative asset management issuers. The Fund will utilize Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.


The U.S. financial sector (as defined by the S&P Global Industry Classification Standard) is one of the largest and most diversified sectors in the U.S. market consisting of multiple financial oriented sub-sectors including banks, diversified financials, insurance companies and real estate investment trusts. These companies provide broad exposure to the U.S. financial services industry through loans and mortgages, insurance and investment products and commercial real estate. The Manager believes that U.S. financial services companies are well positioned to benefit from the improving U.S. economy, including as evidenced by improving employment rates and housing statistics.

The Fund is appropriate for those investors looking for conservative large cap. exposure to the U.S. financial sector 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.


Class A Unit

  • Trade on the TSX under the ticker symbol USF.UN
  • Pays distributions in Canadian dollars

Class U Unit

  • Denominated in US dollars – NAV calculated in US dollars daily
  • Pays US dollar distributions
  • Redeemable in US dollars
  • Convertible into Class A units weekly


Class A distributions 0f $0.50 per Class A unit per annum are paid in the amount of $0.125 each calendar quarter.

Class U distributions of US$0.50 per Class U unit per annum are paid in the amount of US$0.125 each calendar quarter.

Distributions are not fixed but are reviewed and set annually at the discretion of the Fund.


The portfolio will generally consist of 20-30 positions selected from those equity securities included in the S&P 500 Index that are classified as “financials” and “real estate” by Standard & Poor’s Global Industry Classification Standard, which have a market capitalization of at least US$10 billion and a S&P Rating of A- at the time of purchase. The Investment Universe will also include equity securities of publically listed Alternative Asset Managers which have a market cap. in excess of US$5 billion.

Top 10 Holdings as of September 30, 2019
Holding Name % of Fund
 Cash and Short-Term Investments      8.0%  
 The Blackstone Group Inc.      7.0%  
 JPMorgan Chase & Co.      6.5%  
 CME Group Inc.      6.2%  
 Cboe Global Markets, Inc.      6.0%  
 U.S. Bancorp      6.0%  
 The PNC Financial Services Group, Inc.      6.0%  
 Aon PLC      5.1%  
 Prologis, Inc.      5.0%  
 The Goldman Sachs Group, Inc.      4.9%  
Sector Allocations



As of 01/15/2020
Current NAV for USF.UN: $7.57
Market Price: $7.25
Last Traded: 01/16/2020
Current NAV for Class U: $7.86
View Historical NAV  
 Quick Facts
Inception Date: 02/24/2015
Total Assets As of 09/30/2019: $8.06 mm
Management Fee: 1.25%
 Distributions & Tax
Current Distributions for USF.UN: $0.13
Current Yield: 6.9%
Current Distributions for Class U: $0.13
Current Yield: 5.00%
View Historical Distributions  
USF: Declares Quarterly Fund Distributions
USF: Declares Quarterly Fund Distribution
USF: Announces Semi-Annual Results
USF: Declares Quarterly Fund Distributions
USF: Announces Year End Results
View More News
© 2020 Strathbridge Asset Management Inc.         Privacy     |    Legal     |    Trade Matching Statement