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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of July 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
CANADIAN UTILITIES LTD-A
EMERA INC
FORTIS INC
KEYERA CORP
PEMBINA PIPELINE CORP
SHAW COMMUNICATIONS INC-B
TRANSALTA CORP
TRANSCANADA CORP
ATCO LTD -CLASS I
BORALEX INC -A
BROOKFIELD RENEWABLE PARTNER
COGECO COMMUNICATIONS INC
EXELON CORP
GIBSON ENERGY INC
PATTERN ENERGY GROUP INC
ROGERS COMMUNICATIONS INC-B
TELUS CORP
TRANSALTA RENEWABLES INC
VALENER 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 June 2016
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 2.2% 0.0% 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 24 Holdings as of June 30, 2017

Sector Allocations
Holding Name % of NAV
CASH      14.2%
CANADIAN UTILITIES LIMITED      11.3%
TRANSALTA CORPORATION      9.6%
EMERA INCORPORATED      9.1%
PEMBINA PIPELINE CORPORATION      8.8%
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P.      8.8%
ALGONQUIN POWER & UTILITIES CORP.      8.8%
SHAW COMMUNICATIONS INC. - CLASS B      8.7%
FORTIS INC.      8.1%
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.      7.7%
ROGERS COMMUNICATIONS, INC.      7.7%
PATTERN ENERGY GROUP INC.      7.6%
KEYERA CORP.      7.4%
PARKLAND FUEL CORPORATION      7.0%
ATCO LTD.      5.8%
TRANSCANADA CORPORATION      5.7%
BORALEX INC.      5.6%
GIBSON ENERGY INC.      5.5%
COGECO COMMUNICATIONS INC.      5.5%
TRANSALTA RENEWABLES INC.      5.3%
TELUS CORPORATION      5.3%
BCE INC.      5.2%
VALENER INC      3.5%
EXELON CORPORATION      3.4%

 

 

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