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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of April 30, 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
CANADIAN UTILITIES LTD-A
EMERA INC
FORTIS INC
INNERGEX RENEWABLE ENERGY
PARKLAND FUEL CORP
PEMBINA PIPELINE CORP
SHAW COMMUNICATIONS INC-B
TELUS CORP
TRANSCANADA CORP
ATCO LTD -CLASS I
BORALEX INC -A
BROOKFIELD RENEWABLE PARTNER
COGECO COMMUNICATIONS INC
ENBRIDGE INC
GIBSON ENERGY INC
JUST ENERGY GROUP INC
PATTERN ENERGY GROUP INC
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 March 2016
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 2.4% 2.7% 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 25 Holdings as of March 31, 2017

Sector Allocations
Holding Name % of NAV
TRANSALTA RENEWABLES INC.      6.5%
CASH AND SHORT-TERM INVESTMENTS      5.6%
ATCO LTD      5.4%
JUST ENERGY GROUP INC      5.2%
PARKLAND FUEL CORPORATION      5.2%
ROGERS COMMUNICATIONS INC CLASS B      5.1%
ALGONQUIN POWER & UTILITIES CORP      5.0%
CAPITAL POWER CORPORATION      5.0%
INNERGEX RENEWABLE ENERGY INC      4.9%
CANADIAN UTILITIES LIMITED      4.8%
GIBSON ENERGY INC.      4.6%
FORTIS INC.      4.5%
EMERA INC.      3.9%
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.      3.8%
VERESEN INC.      3.3%
BORALEX INC      3.1%
PEMBINA PIPELINE CORPORATION      3.1%
PATTERN ENERGY GROUP INC      3.1%
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P.      3.0%
TELUS CORPORATION      3.0%
SUPERIOR PLUS CORP.      3.0%
SHAW COMMUNICATIONS INC. - CLASS B      3.0%
ENBRIDGE INC.      2.5%
AMEREN CORPORATION      2.0%
ENBRIDGE INCOME FUND HOLDINGS INC.      1.2%

 

 

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