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U.S. Financials Income Fund

 

USF.UN
CLASS U

Portfolio

Monthly Portfolio List as of September 30, 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.

AMERICAN EXPRESS CO
AON PLC
BANK OF NEW YORK MELLON CORP
BLACKROCK INC
CITIGROUP INC
EQUITY RESIDENTIAL
ISHARES U.S. BROKER-DEALERS ETF
KKR & CO LP
METLIFE INC
NORTHERN TRUST CORP
PROLOGIS INC
US BANCORP
AMERIPRISE FINANCIAL INC
BANK OF AMERICA CORP
BERKSHIRE HATHAWAY INC-CL B
BLACKSTONE GROUP LP/THE
CME GROUP INC
INTERCONTINENTAL EXCHANGE INC
JPMORGAN CHASE & CO
MARSH & MCLENNAN COS
MORGAN STANLEY
PNC FINANCIAL SERVICES GROUP
STATE STREET CORP
ZIONS BANCORPORATION

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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