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U.S. Financials Income Fund

 

USF.UN
CLASS U

Portfolio

Monthly Portfolio List as of August 30, 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
BERKSHIRE HATHAWAY INC-CL B
CBOE GLOBAL MARKETS INC
CME GROUP INC
GOLDMAN SACHS GROUP INC
JPMORGAN CHASE & CO
MARSH & MCLENNAN COS
PROGRESSIVE CORP
TRAVELERS COS INC/THE
AMERICAN EXPRESS CO
BANK OF AMERICA CORP
BLACKSTONE GROUP INC/THE-A
CITIGROUP INC
DISCOVER FINANCIAL SERVICES
INTERCONTINENTAL EXCHANGE INC
LOEWS CORP
PNC FINANCIAL SERVICES GROUP
PROLOGIS INC
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 June 2018
  Average for
the Period
Closing
Percent
Average for
the Period
Closing
Percent
Percent of portfolio subject to covered calls 21.7% 33.5% 13.2% 4.9%
Percent of portfolio hedged with put options 1.1% 8.0% 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 22 Holdings as of June 30, 2019

Sector Allocations
Holding Name % of NAV
The Blackstone Group L.P.      6.3%
Public Storage      6.1%
JPMorgan Chase & Co.      6.1%
Marsh & McLennan Companies, Inc.      6.1%
The Travelers Companies, Inc.      6.0%
CME Group Inc.      5.9%
Ameriprise Financial, Inc.      5.8%
Intercontinental Exchange, Inc.      5.4%
The Allstate Corporation      5.2%
Loews Corporation      5.2%
American Express Company      5.2%
The PNC Financial Services Group, Inc.      5.1%
Bank of America Corporation      4.8%
Cash      4.7%
Capital One Financial Corporation      3.6%
Aon PLC      3.4%
The Progressive Corporation      3.3%
Citigroup Inc.      3.3%
Kimco Realty Corporation      2.6%
Berkshire Hathaway Inc.      2.4%
Chubb Limited      2.4%
U.S. Bancorp      1.3%

 

 

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