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U.S. Financials Income Fund

 

USF.UN
CLASS U

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.

ALLSTATE CORP
AMERICAN INTERNATIONAL GROUP
AON PLC
BLACKROCK INC
CHUBB LTD
FRANKLIN RESOURCES INC
ISHARES U.S. BROKER-DEALERS
LINCOLN NATIONAL CORP
MARSH & MCLENNAN COS
MORGAN STANLEY
PROGRESSIVE CORP
SCHWAB (CHARLES) CORP
AMERICAN EXPRESS CO
AMERIPRISE FINANCIAL INC
BANK OF NEW YORK MELLON CORP
BLACKSTONE GROUP LP/THE
CITIGROUP INC
INTERCONTINENTAL EXCHANGE INC
JPMORGAN CHASE & CO
M & T BANK CORP
METLIFE INC
NORTHERN TRUST CORP
PRUDENTIAL FINANCIAL INC
STATE STREET CORP

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 June 2016
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 6.2% 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 June 30, 2017

Sector Allocations
Holding Name % of NAV
INTERCONTINENTAL EXCHANGE, INC.      5.2%
THE PROGRESSIVE CORPORATION      5.1%
STATE STREET CORPORATION      5.0%
MARSH & MCLENNAN COMPANIES, INC.      4.9%
CASH      4.9%
NORTHERN TRUST CORPORATION      4.8%
AMERICAN INTERNATIONAL GROUP, INC.      4.7%
JPMORGAN CHASE & CO.      4.6%
AFLAC INCORPORATED      4.5%
LINCOLN NATIONAL CORPORATION      4.3%
THE ALLSTATE CORPORATION      4.1%
THE BLACKSTONE GROUP L.P.      4.0%
AMERICAN EXPRESS COMPANY      4.0%
BLACKROCK, INC.      3.9%
THE CHARLES SCHWAB CORPORATION      3.8%
CHUBB LIMITED      3.6%
THE BANK OF NEW YORK MELLON CORPORATION      3.6%
CITIGROUP INC.      3.6%
METLIFE INC.      3.4%
BERKSHIRE HATHAWAY INC.      3.1%
ISHARES U.S. BROKER-DEALERS & SECURITIES EXCHANGES ETF      2.9%
M&T BANK CORPORATION      2.5%
FRANKLIN RESOURCES, INC.      2.4%
PRUDENTIAL FINANCIAL, INC.      2.4%
AON PLC      2.2%

 

 

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