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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of February 28, 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
ATCO LTD -CLASS I
BROOKFIELD RENEWABLE PARTNER
COGECO COMMUNICATIONS INC
ENBRIDGE INCOME FUND HOLDING
GIBSON ENERGY INC
INTER PIPELINE LTD
KEYERA CORP
PEMBINA PIPELINE CORP
SHAW COMMUNICATIONS INC-B
TELUS CORP
TRANSCANADA CORP
AMEREN CORPORATION
BROOKFIELD INFRASTRUCTURE PA
CAPITAL POWER CORP
ENBRIDGE INC
FORTIS INC
INNERGEX RENEWABLE ENERGY
JUST ENERGY GROUP INC
PARKLAND FUEL CORP
ROGERS COMMUNICATIONS INC-B
SUPERIOR PLUS CORP
TRANSALTA RENEWABLES INC
VERESEN 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 December 2015
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 5.4% 0.0% 4.0% 4.0%
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 21 Holdings as of December 31, 2016

Sector Allocations
Holding Name % of NAV
CASH AND SHORT-TERM INVESTMENTS      8.9%
ENBRIDGE INCOME FUND HOLDINGS INC.      6.3%
INTER PIPELINE FUND L.P.      5.9%
CAPITAL POWER CORPORATION      5.9%
PEMBINA PIPELINE CORPORATION      5.8%
ENBRIDGE INC.      5.7%
PARKLAND FUEL CORPORATION      5.7%
SHAW COMMUNICATIONS INC. - CLASS B      5.4%
TRANSCANADA CORPORATION      5.4%
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.      5.1%
SUPERIOR PLUS CORP.      4.9%
FORTIS INC.      4.9%
TELUS CORPORATION      4.5%
CANADIAN UTILITIES LIMITED      4.5%
GIBSON ENERGY INC.      4.0%
VERESEN INC.      3.8%
TRANSALTA RENEWABLES INC.      3.7%
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P.      3.7%
ALTAGAS LTD.      3.1%
AMEREN CORPORATION      2.6%
AMERICAN WATER WORKS COMPANY, INC.      2.6%

 

 

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