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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Portfolio

Monthly Portfolio List as of October 31, 2019

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
BORALEX INC -A
BROOKFIELD RENEWABLE PARTNER
COGECO COMMUNICATIONS INC
EMERA INC
FORTIS INC
INNERGEX RENEWABLE ENERGY
PARKLAND FUEL CORP
PEMBINA PIPELINE CORP
SUPERIOR PLUS CORP
VERIZON COMMUNICATIONS INC
BCE INC
BROOKFIELD INFRASTRUCTURE PA
CANADIAN UTILITIES LTD-A
COMCAST CORP-CLASS A
ENBRIDGE INC
GIBSON ENERGY INC
NORTHLAND POWER INC
PATTERN ENERGY GROUP INC -A
SHAW COMMUNICATIONS INC-B
TC ENERGY CORP

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 2018
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 12.4% 11.2% 9.9% 16.9%
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 20 Holdings as of September 30, 2019

Sector Allocations
Holding Name % of Fund
 BCE Inc.      7.0%
 Boralex Inc.      6.8%
 Cogeco Communications Inc.      6.6%
 Brookfield Infrastructure Partners L.P.      6.4%
 Pattern Energy Group Inc.      6.2%
 Innergex Renewable Energy Inc.      5.9%
 Pembina Pipeline Corporation      5.6%
 Fortis Inc.      5.3%
 Emera Incorporated      5.2%
 TC Energy Corporation      4.9%
 Brookfield Renewable Partners L.P.      4.8%
 Canadian Utilities Limited      4.4%
 Algonquin Power & Utilities Corp.      4.4%
 Comcast Corporation      4.0%
 Enbridge Inc.      3.8%
 Gibson Energy Inc.      3.8%
 Northland Power Inc.      3.1%
 Parkland Fuel Corporation      3.0%
 Shaw Communications Inc.      2.9%
 Cash and Short-Term Investments      2.7%

 

 

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