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U.S. Financials Income Fund

 

USF.UN
CLASS U

Portfolio

Monthly Portfolio List as of May 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.

AFLAC INC
AMERICAN INTERNATIONAL GROUP
BANK OF AMERICA CORP
BERKSHIRE HATHAWAY INC-CL B
BLACKSTONE GROUP LP/THE
FRANKLIN RESOURCES INC
JPMORGAN CHASE & CO
LINCOLN NATIONAL CORP
MARSH & MCLENNAN COS
PNC FINANCIAL SERVICES GROUP
PROLOGIS INC
SCHWAB (CHARLES) CORP
TRAVELERS COS INC/THE
ALLSTATE CORP
AON PLC
BANK OF NEW YORK MELLON CORP
BLACKROCK INC
CITIGROUP INC
INTERCONTINENTAL EXCHANGE INC
KKR & CO LP
M & T BANK CORP
NORTHERN TRUST CORP
PROGRESSIVE CORP
PRUDENTIAL FINANCIAL INC
STATE STREET CORP
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 March 2016
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 3.7% 2.4% 9.2% 2.6%
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
KKR & CO. L.P.      5.2%
MOODY'S CORP      4.7%
JPMORGAN CHASE & CO.      4.6%
M&T BANK CORPORATION      4.5%
THE PROGRESSIVE CORPORATION      4.5%
NORTHERN TRUST CORPORATION      4.4%
THE ALLSTATE CORP      4.4%
THE CHARLES SCHWAB CORPORATION      4.3%
BERKSHIRE HATHAWAY INC.      4.2%
LINCOLN NATIONAL CORPORATION      4.1%
WELLS FARGO & COMPANY      4.1%
INTERCONTINENTAL EXCHANGE INC.      4.1%
PRUDENTIAL PLC      4.0%
MARSH & MCLENNA COS INC      4.0%
PNC FINANCIAL SERVICES GROUP      3.8%
BANK OF AMERICA CORPORATION      3.7%
AMERIPRISE FINANCIAL INC.      3.4%
THE BANK OF NEW YORK MELLON CORPORATION      3.3%
BLACKROCK, INC.      3.0%
THE GOLDMAN SACHS GROUP, INC.      2.9%
U.S. BANCORP      2.8%
STATE STREET CORPORATION      2.5%
BOSTON PROPERTIES      2.4%
METLIFE INC.      2.3%
AMERICAN EXPRESS COMPANY      2.2%

 

 

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