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U.S. Financials Income Fund

 

USF.UN
CLASS U

Portfolio

Monthly Portfolio List as of June 28, 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.

ALLSTATE CORP
AMERIPRISE FINANCIAL INC
BANK OF AMERICA CORP
BLACKSTONE GROUP INC/THE -A
CHUBB LTD
CME GROUP INC
JPMORGAN CHASE & CO
LOEWS CORP
PNC FINANCIAL SERVICES GROUP
PUBLIC STORAGE
US BANCORP
AMERICAN EXPRESS CO
AON PLC
BERKSHIRE HATHAWAY INC-CL B
CAPITAL ONE FINANCIAL CORP
CITIGROUP INC
INTERCONTINENTAL EXCHANGE INC
KIMCO REALTY CORP
MARSH & MCLENNAN COS
PROGRESSIVE CORP
TRAVELERS COS INC/THE

Option Strategy

The Fund employs Strathbridge’s proprietary SSO option strategy to generate additional returns above the distributions earned on its equity securities. 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 2018
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 18.3% 40.7% 13.2% 4.9%
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 18 Holdings as of March 31, 2019

Sector Allocations
Holding Name % of NAV
Cash      15.8%
Aon PLC      7.4%
Marsh & McLennan Companies, Inc.      7.1%
American Express Company      6.9%
Berkshire Hathaway Inc.      6.4%
Bank of America Corporation      5.7%
Morgan Stanley      5.2%
Simon Property Group Inc.      5.2%
JPMorgan Chase & Co.      5.1%
Iron Mountain Inc.      4.9%
Public Storage      4.4%
Kimco Realty Corporation      4.3%
The Progressive Corp      4.2%
Allstate Corporation      4.1%
Goldman Sachs      4.0%
The Blackstone Group L.P.      3.9%
Avalonbay Communities Inc.      3.4%
Intercontinental Exchange, Inc.      3.2%

 

 

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