Virtus Reaves Utilities ETF
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.6%
1 yr return
9.9%
3 Yr Avg Return
7.3%
5 Yr Avg Return
8.2%
Net Assets
$55.8 M
Holdings in Top 10
59.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
UTES - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return 7.3%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.10%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameVirtus Reaves Utilities ETF
-
Fund Family NameVirtus ETFs
-
Inception DateSep 23, 2015
-
Shares Outstanding1050004
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Bartlett
Fund Description
Under normal market conditions, the Fund invests not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies in the Utility Sector (“Utility Sector Companies”). The Fund considers a company to be a “Utility Sector Company” if at least 50% of the company’s assets or customers are committed to, or at least 50% of the company’s revenues, gross income or profits derive from, the provision of products, services or equipment for the generation or distribution of electricity, gas or water. The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified index of securities. Instead, it uses an active investment strategy that seeks to meet its investment objective.
W. H. Reaves & Co., Inc. d/b/a Reaves Asset Management, the Fund’s investment sub-adviser (the “Sub-Adviser” or “Reaves Asset Management”), manages the Fund’s assets using a value-based, bottom-up stock selection approach. In making investment decisions, the Sub-Adviser primarily invests in common stocks of Utility Sector Companies that the Sub-Adviser deems to be attractive based on the potential for growth of income and capital appreciation over time. While the Sub-Adviser may consider a number of factors in making investment decisions, the Sub-Adviser generally seeks to acquire Utility Sector Companies that have or reflect one or more of the following characteristics:
•conservative capital structures;
•solid balance sheets;
•history of and/or potential for growing earnings and raising dividends;
•positive catalysts that may unlock value; and/or
•lower-than-market levels of volatility, correlation or similar characteristics.
Although the Fund may invest in foreign Utility Sector Companies, including, without limitation, through investments in American Depositary Receipts (“ADRs”), the Fund will invest primarily in U.S. Utility Sector Companies. The Fund may invest in securities of issuers of any market capitalization.
The Fund’s investments are concentrated in the securities of issuers engaged primarily in utilities-related industries (i.e., Utility Sector Companies).
The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can.
UTES - Performance
Return Ranking - Trailing
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -7.1% | 12.1% | 1.69% |
1 Yr | 9.9% | -19.5% | 10.4% | 1.69% |
3 Yr | 7.3%* | -14.4% | 9.3% | 10.17% |
5 Yr | 8.2%* | -10.4% | 8.2% | 1.72% |
10 Yr | N/A* | -3.0% | 8.4% | 78.57% |
* Annualized
Return Ranking - Calendar
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -4.8% | -20.0% | 0.8% | 13.56% |
2022 | -1.4% | -21.0% | 3.5% | 23.73% |
2021 | 18.2% | 0.2% | 26.5% | 3.39% |
2020 | -2.6% | -18.4% | 8.1% | 40.68% |
2019 | 23.1% | 7.0% | 26.2% | 3.45% |
Total Return Ranking - Trailing
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -7.1% | 12.1% | 1.69% |
1 Yr | 9.9% | -19.5% | 10.4% | 1.69% |
3 Yr | 7.3%* | -14.4% | 9.3% | 10.17% |
5 Yr | 8.2%* | -10.4% | 8.2% | 1.72% |
10 Yr | N/A* | -3.0% | 8.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -19.5% | 3.4% | 32.20% |
2022 | 0.8% | -19.7% | 19.1% | 45.76% |
2021 | 20.7% | 5.6% | 30.1% | 6.78% |
2020 | -0.3% | -18.1% | 9.0% | 50.85% |
2019 | 25.5% | 9.7% | 29.4% | 37.93% |
UTES - Holdings
Concentration Analysis
UTES | Category Low | Category High | UTES % Rank | |
---|---|---|---|---|
Net Assets | 55.8 M | 14.9 M | 11.9 B | 84.75% |
Number of Holdings | 22 | 18 | 220 | 96.61% |
Net Assets in Top 10 | 29.8 M | 6.12 M | 8.34 B | 84.75% |
Weighting of Top 10 | 59.66% | 30.3% | 77.3% | 18.64% |
Top 10 Holdings
- NEXTERA ENERGY INC 7.31%
- PGE Corp 6.99%
- Sempra 6.48%
- PUBLIC SERVICE ENTERPRISE GROUP INC 6.46%
- Vistra Corp 6.01%
- Constellation Energy Corp 5.83%
- DTE ENERGY CO 5.59%
- Edison International 5.24%
- CenterPoint Energy Inc 4.92%
- XCEL ENERGY INC 4.83%
Asset Allocation
Weighting | Return Low | Return High | UTES % Rank | |
---|---|---|---|---|
Stocks | 99.67% | 64.54% | 115.46% | 25.42% |
Cash | 0.33% | -15.47% | 32.00% | 77.97% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 44.07% |
Other | 0.00% | -33.23% | 0.41% | 64.41% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 44.07% |
Bonds | 0.00% | 0.00% | 26.16% | 49.15% |
Stock Sector Breakdown
Weighting | Return Low | Return High | UTES % Rank | |
---|---|---|---|---|
Utilities | 100.00% | 50.08% | 100.00% | 3.39% |
Technology | 0.00% | 0.00% | 6.09% | 67.80% |
Real Estate | 0.00% | 0.00% | 13.29% | 57.63% |
Industrials | 0.00% | 0.00% | 27.59% | 76.27% |
Healthcare | 0.00% | 0.00% | 3.34% | 47.46% |
Financial Services | 0.00% | 0.00% | 4.98% | 50.85% |
Energy | 0.00% | 0.00% | 31.61% | 88.14% |
Communication Services | 0.00% | 0.00% | 47.17% | 71.19% |
Consumer Defense | 0.00% | 0.00% | 0.56% | 47.46% |
Consumer Cyclical | 0.00% | 0.00% | 2.09% | 44.07% |
Basic Materials | 0.00% | 0.00% | 4.68% | 49.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | UTES % Rank | |
---|---|---|---|---|
US | 99.67% | 17.29% | 101.53% | 20.34% |
Non US | 0.00% | 0.00% | 47.25% | 79.66% |
UTES - Expenses
Operational Fees
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.49% | 0.08% | 2.50% | 88.14% |
Management Fee | 0.49% | 0.03% | 1.00% | 35.59% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.04% | 0.26% | N/A |
Sales Fees
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.00% | 3.00% | 209.00% | 58.93% |
UTES - Distributions
Dividend Yield Analysis
UTES | Category Low | Category High | UTES % Rank | |
---|---|---|---|---|
Dividend Yield | 2.09% | 0.00% | 9.51% | 69.49% |
Dividend Distribution Analysis
UTES | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
UTES | Category Low | Category High | UTES % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.10% | 0.31% | 7.85% | 35.59% |
Capital Gain Distribution Analysis
UTES | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.260 | OrdinaryDividend |
Dec 29, 2023 | $0.330 | OrdinaryDividend |
Sep 28, 2023 | $0.270 | OrdinaryDividend |
Jun 28, 2023 | $0.260 | OrdinaryDividend |
Mar 28, 2023 | $0.230 | OrdinaryDividend |
Dec 29, 2022 | $0.309 | OrdinaryDividend |
Sep 28, 2022 | $0.260 | OrdinaryDividend |
Jun 29, 2022 | $0.230 | OrdinaryDividend |
Mar 29, 2022 | $0.200 | OrdinaryDividend |
Dec 29, 2021 | $0.270 | OrdinaryDividend |
Sep 28, 2021 | $0.240 | OrdinaryDividend |
Jun 29, 2021 | $0.230 | OrdinaryDividend |
Mar 30, 2021 | $0.180 | OrdinaryDividend |
Dec 30, 2020 | $0.250 | OrdinaryDividend |
Sep 29, 2020 | $0.220 | OrdinaryDividend |
Jun 30, 2020 | $0.210 | OrdinaryDividend |
Mar 30, 2020 | $0.160 | OrdinaryDividend |
Dec 30, 2019 | $0.230 | OrdinaryDividend |
Sep 30, 2019 | $0.200 | OrdinaryDividend |
Jun 28, 2019 | $0.190 | OrdinaryDividend |
Mar 28, 2019 | $0.140 | OrdinaryDividend |
Dec 28, 2018 | $0.230 | OrdinaryDividend |
Sep 28, 2018 | $0.185 | OrdinaryDividend |
Jun 28, 2018 | $0.185 | OrdinaryDividend |
Mar 28, 2018 | $0.125 | OrdinaryDividend |
Sep 29, 2017 | $0.180 | OrdinaryDividend |
Jun 29, 2017 | $0.180 | OrdinaryDividend |
Mar 28, 2017 | $0.120 | OrdinaryDividend |
Sep 28, 2016 | $0.150 | OrdinaryDividend |
Jun 28, 2016 | $0.090 | OrdinaryDividend |
Mar 31, 2016 | $0.112 | OrdinaryDividend |
Dec 29, 2015 | $0.160 | OrdinaryDividend |
UTES - Fund Manager Analysis
Managers
John Bartlett
Start Date
Tenure
Tenure Rank
Sep 23, 2015
6.69
6.7%
John P. Bartlett, CFA President, Portfolio Manager, Analyst John Bartlett joined Reaves Asset Management in 1995 and was named President of the firm in July 2019. John is a co-portfolio manager of the Reaves Utility Income Fund and co-manages the Virtus Reaves Utilities ETF. He also specializes in the equity analysis of utilities companies. John received a B.A. from Connecticut College and is a CFA Charterholder.
Joseph (Jay) Rhame
Start Date
Tenure
Tenure Rank
Sep 23, 2015
6.69
6.7%
Jay Rhame, CFA Chief Executive Officer, Portfolio Manager Jay Rhame joined Reaves Asset Management in 2005 and was named Chief Executive Officer in January 2019. Previously he served as a telecommunications, energy, and utility analyst. Jay also is a co-portfolio manager of the Virtus Reaves Utilities ETF and co-manages the Reaves Utility Income Fund UCITS. He is a member of the portfolio review and risk management committees. Jay received a B.A. from St. Mary’s College of Maryland and is a CFA Charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.43 | 10.19 | 8.09 |