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U.S. Financials Income Fund

 

USF.UN
CLASS U

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.

ALLSTATE CORP
AON PLC
BB&T CORP
BLACKROCK INC
CITIGROUP INC
GOLDMAN SACHS GROUP INC
JPMORGAN CHASE & CO
MORGAN STANLEY
TRAVELERS COS INC/THE
AMERIPRISE FINANCIAL INC
BANK OF AMERICA CORP
BERKSHIRE HATHAWAY INC-CL B
BLACKSTONE GROUP INC/THE-A
CME GROUP INC
INTERCONTINENTAL EXCHANGE IN
LOEWS CORP
PNC FINANCIAL SERVICES GROUP
US BANCORP

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 September 2018
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 21.2% 17.4% 13.2% 4.9%
Percent of portfolio hedged with put options 3.4% 8.1% 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 September 30, 2019

Sector Allocations
Holding Name % of Fund
 Cash and Short-Term Investments      8.0%
 The Blackstone Group Inc.      7.0%
 JPMorgan Chase & Co.      6.5%
 CME Group Inc.      6.2%
 Cboe Global Markets, Inc.      6.0%
 U.S. Bancorp      6.0%
 The PNC Financial Services Group, Inc.      6.0%
 Aon PLC      5.1%
 Prologis, Inc.      5.0%
 The Goldman Sachs Group, Inc.      4.9%
 Discover Financial Services      4.9%
 Intercontinental Exchange, Inc.      4.8%
 The Progressive Corporation      4.8%
 Bank of America Corporation      4.1%
 The Travelers Companies, Inc.      4.1%
 American Express Company      4.1%
 The Allstate Corporation      3.6%
 Citigroup Inc.      3.2%
 Loews Corporation      2.9%
 Berkshire Hathaway Inc.      2.4%
 Marsh & McLennan Companies, Inc.      0.8%

 

 

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