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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of October 31, 2017

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 INFRASTRUCTURE PA
CAPITAL POWER CORP
EMERA INC
EXELON CORP
GIBSON ENERGY INC
INTER PIPELINE LTD
PATTERN ENERGY GROUP INC
ROGERS COMMUNICATIONS INC-B
TELUS CORP
VERIZON COMMUNICATIONS INC
ALTAGAS LTD
BORALEX INC -A
BROOKFIELD RENEWABLE PARTNER
COGECO COMMUNICATIONS INC
ENBRIDGE INCOME FUND HOLDING
FORTIS INC
INNERGEX RENEWABLE ENERGY
NORTHLAND POWER INC
PUBLIC SERVICE ENTERPRISE GP
SUPERIOR PLUS CORP
TRANSALTA RENEWABLES 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 September 2016
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 2.2% 3.9% 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 23 Holdings as of September 30, 2017

Sector Allocations
Holding Name % of NAV
CASH      12.8%
GIBSON ENERGY INC.      6.1%
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.      5.8%
PATTERN ENERGY GROUP INC.      5.4%
COGECO COMMUNICATIONS INC.      5.2%
VERIZON COMMUNICATIONS      5.0%
CAPITAL POWER CORP      4.9%
INNERGEX RENEWABLE ENERGY INC      4.5%
SUPERIOR PLUS CORPORATION      4.3%
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P.      4.1%
BCE INC.      4.1%
EXELON CORPORATION      4.0%
SHAW COMMUNICATIONS INC. - CLASS B      4.0%
ROGERS COMMUNICATIONS, INC.      3.9%
FORTIS INC.      3.7%
TELUS CORPORATION      3.5%
ALGONQUIN POWER & UTILITIES CORP.      3.4%
NORTHLAND POWER INC      3.3%
TRANSALTA CORPORATION      3.1%
AT&T INC      3.0%
SEMPRA ENERGY      2.9%
TRANSALTA RENEWABLES INC.      2.1%
PUBLIC SERVICE ENTERPRISE GROUP INC      1.2%

 

 

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