Reaves Utility Income Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.4%
1 yr return
-4.5%
3 Yr Avg Return
-7.5%
5 Yr Avg Return
-5.0%
Net Assets
$1.82 B
Holdings in Top 10
41.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XUTGX - Profile
Distributions
- YTD Total Return -2.4%
- 3 Yr Annualized Total Return -7.5%
- 5 Yr Annualized Total Return -5.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.70%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameReaves Utility Income Fund
-
Fund Family NameReaves Asset Management
-
Inception DateMar 12, 2004
-
Shares Outstanding53936356
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Bartlett
Fund Description
XUTGX - Performance
Return Ranking - Trailing
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.4% | -7.4% | 8.5% | 77.97% |
1 Yr | -4.5% | -17.9% | 11.0% | 89.83% |
3 Yr | -7.5%* | -13.0% | 9.9% | 98.31% |
5 Yr | -5.0%* | -10.6% | 7.6% | 96.55% |
10 Yr | 2.3%* | -2.6% | 8.5% | 96.15% |
* Annualized
Return Ranking - Calendar
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.8% | -20.0% | 0.8% | 47.46% |
2022 | -16.8% | -21.0% | 3.5% | 98.31% |
2021 | 6.0% | 0.2% | 26.5% | 76.27% |
2020 | -11.2% | -18.4% | 8.1% | 86.44% |
2019 | 26.2% | 7.0% | 26.2% | 1.72% |
Total Return Ranking - Trailing
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.4% | -7.4% | 8.5% | 77.97% |
1 Yr | -4.5% | -17.9% | 11.0% | 89.83% |
3 Yr | -7.5%* | -13.0% | 9.9% | 98.31% |
5 Yr | -5.0%* | -10.6% | 7.6% | 96.55% |
10 Yr | 2.3%* | -2.6% | 8.5% | 96.15% |
* Annualized
Total Return Ranking - Calendar
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.8% | -19.5% | 3.4% | 93.22% |
2022 | -16.8% | -19.7% | 19.1% | 98.31% |
2021 | 6.0% | 5.6% | 30.1% | 98.31% |
2020 | -11.2% | -18.1% | 9.0% | 94.92% |
2019 | 29.4% | 9.7% | 29.4% | 1.72% |
NAV & Total Return History
XUTGX - Holdings
Concentration Analysis
XUTGX | Category Low | Category High | XUTGX % Rank | |
---|---|---|---|---|
Net Assets | 1.82 B | 14.4 M | 13.2 B | 42.37% |
Number of Holdings | 42 | 18 | 220 | 49.15% |
Net Assets in Top 10 | 987 M | 6.12 M | 8.34 B | 42.37% |
Weighting of Top 10 | 41.53% | 30.3% | 76.1% | 77.97% |
Top 10 Holdings
- Union Pacific Corp 5.66%
- Dominion Energy Inc 4.93%
- BCE Inc 4.92%
- Verizon Communications Inc 4.35%
- Ameren Corp 4.31%
- Charter Communications Inc Class A 4.31%
- NextEra Energy Inc 4.20%
- Entergy Corp 4.17%
- Exelon Corp 4.15%
- Eversource Energy 4.13%
Asset Allocation
Weighting | Return Low | Return High | XUTGX % Rank | |
---|---|---|---|---|
Stocks | 115.46% | 64.54% | 115.46% | 1.69% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 38.98% |
Other | 0.00% | -33.23% | 0.41% | 62.71% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 38.98% |
Bonds | 0.00% | 0.00% | 26.16% | 44.07% |
Cash | -15.47% | -15.47% | 31.45% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XUTGX % Rank | |
---|---|---|---|---|
Utilities | 61.16% | 50.08% | 100.00% | 96.61% |
Communication Services | 17.85% | 0.00% | 47.17% | 5.08% |
Real Estate | 13.29% | 0.00% | 13.29% | 1.69% |
Industrials | 7.35% | 0.00% | 27.59% | 6.78% |
Energy | 0.34% | 0.00% | 31.61% | 71.19% |
Technology | 0.00% | 0.00% | 6.09% | 64.41% |
Healthcare | 0.00% | 0.00% | 3.34% | 40.68% |
Financial Services | 0.00% | 0.00% | 4.98% | 49.15% |
Consumer Defense | 0.00% | 0.00% | 0.56% | 40.68% |
Consumer Cyclical | 0.00% | 0.00% | 2.09% | 38.98% |
Basic Materials | 0.00% | 0.00% | 4.68% | 44.07% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XUTGX % Rank | |
---|---|---|---|---|
US | 95.07% | 17.29% | 99.93% | 47.46% |
Non US | 20.39% | 0.00% | 47.25% | 22.03% |
XUTGX - Expenses
Operational Fees
XUTGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.23% | 0.08% | 2.50% | 35.59% |
Management Fee | 0.58% | 0.03% | 1.00% | 42.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.27% | 0.04% | 0.26% | 100.00% |
Sales Fees
XUTGX 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
XUTGX 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.
XUTGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 3.00% | 209.00% | 62.50% |
XUTGX - Distributions
Dividend Yield Analysis
XUTGX | Category Low | Category High | XUTGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.00% | 98.31% |
Dividend Distribution Analysis
XUTGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
XUTGX | Category Low | Category High | XUTGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.70% | 0.31% | 7.85% | 64.41% |
Capital Gain Distribution Analysis
XUTGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.170 | OrdinaryDividend |
May 31, 2019 | $0.170 | OrdinaryDividend |
Apr 30, 2019 | $0.170 | OrdinaryDividend |
Mar 29, 2019 | $0.170 | OrdinaryDividend |
Feb 28, 2019 | $0.170 | OrdinaryDividend |
Jan 16, 2019 | $0.170 | OrdinaryDividend |
Dec 31, 2018 | $0.170 | OrdinaryDividend |
Nov 30, 2018 | $0.170 | OrdinaryDividend |
Oct 31, 2018 | $0.170 | OrdinaryDividend |
Sep 28, 2018 | $0.170 | OrdinaryDividend |
Aug 31, 2018 | $0.170 | OrdinaryDividend |
Jul 31, 2018 | $0.170 | OrdinaryDividend |
Jun 29, 2018 | $0.170 | OrdinaryDividend |
May 31, 2018 | $0.170 | OrdinaryDividend |
Apr 30, 2018 | $0.170 | OrdinaryDividend |
Mar 29, 2018 | $0.160 | OrdinaryDividend |
Feb 28, 2018 | $0.160 | OrdinaryDividend |
Jan 16, 2018 | $0.160 | OrdinaryDividend |
Dec 29, 2017 | $0.160 | OrdinaryDividend |
Nov 30, 2017 | $0.160 | OrdinaryDividend |
Oct 31, 2017 | $0.160 | OrdinaryDividend |
Sep 29, 2017 | $0.160 | OrdinaryDividend |
Aug 31, 2017 | $0.160 | OrdinaryDividend |
Jul 31, 2017 | $0.160 | OrdinaryDividend |
Jun 30, 2017 | $0.160 | OrdinaryDividend |
May 31, 2017 | $0.160 | OrdinaryDividend |
Apr 28, 2017 | $0.160 | OrdinaryDividend |
Mar 31, 2017 | $0.160 | OrdinaryDividend |
Feb 28, 2017 | $0.160 | OrdinaryDividend |
Jan 13, 2017 | $0.160 | OrdinaryDividend |
Dec 30, 2016 | $0.160 | OrdinaryDividend |
Nov 30, 2016 | $0.160 | OrdinaryDividend |
Oct 31, 2016 | $0.160 | OrdinaryDividend |
Sep 30, 2016 | $0.151 | OrdinaryDividend |
Aug 31, 2016 | $0.151 | OrdinaryDividend |
Jul 29, 2016 | $0.151 | OrdinaryDividend |
Jun 30, 2016 | $0.151 | OrdinaryDividend |
May 31, 2016 | $0.151 | OrdinaryDividend |
Apr 29, 2016 | $0.151 | OrdinaryDividend |
Mar 31, 2016 | $0.151 | OrdinaryDividend |
Feb 29, 2016 | $0.151 | OrdinaryDividend |
Jan 15, 2016 | $0.151 | OrdinaryDividend |
Dec 31, 2015 | $0.151 | OrdinaryDividend |
Nov 30, 2015 | $0.151 | OrdinaryDividend |
Oct 30, 2015 | $0.151 | OrdinaryDividend |
Sep 30, 2015 | $0.151 | OrdinaryDividend |
Aug 31, 2015 | $0.151 | OrdinaryDividend |
Jul 31, 2015 | $0.151 | OrdinaryDividend |
Jun 30, 2015 | $0.151 | OrdinaryDividend |
May 29, 2015 | $0.151 | OrdinaryDividend |
Apr 30, 2015 | $0.151 | OrdinaryDividend |
Mar 31, 2015 | $0.151 | OrdinaryDividend |
Feb 27, 2015 | $0.151 | OrdinaryDividend |
Jan 16, 2015 | $0.151 | OrdinaryDividend |
Dec 31, 2014 | $0.138 | OrdinaryDividend |
Nov 26, 2014 | $0.138 | OrdinaryDividend |
Oct 31, 2014 | $0.138 | OrdinaryDividend |
Sep 30, 2014 | $0.138 | OrdinaryDividend |
Aug 29, 2014 | $0.138 | OrdinaryDividend |
Jul 31, 2014 | $0.138 | OrdinaryDividend |
Jun 30, 2014 | $0.138 | OrdinaryDividend |
May 30, 2014 | $0.138 | OrdinaryDividend |
Apr 30, 2014 | $0.138 | OrdinaryDividend |
Mar 31, 2014 | $0.138 | OrdinaryDividend |
Feb 28, 2014 | $0.138 | OrdinaryDividend |
Jan 17, 2014 | $0.138 | OrdinaryDividend |
Dec 31, 2013 | $0.131 | OrdinaryDividend |
Nov 29, 2013 | $0.131 | OrdinaryDividend |
Oct 31, 2013 | $0.131 | OrdinaryDividend |
Sep 30, 2013 | $0.131 | OrdinaryDividend |
Aug 30, 2013 | $0.131 | OrdinaryDividend |
Jul 31, 2013 | $0.131 | OrdinaryDividend |
Jun 28, 2013 | $0.131 | OrdinaryDividend |
May 31, 2013 | $0.131 | OrdinaryDividend |
Apr 30, 2013 | $0.131 | OrdinaryDividend |
Mar 28, 2013 | $0.131 | OrdinaryDividend |
Feb 28, 2013 | $0.131 | OrdinaryDividend |
Jan 16, 2013 | $0.131 | OrdinaryDividend |
Dec 31, 2012 | $0.131 | OrdinaryDividend |
Nov 30, 2012 | $0.131 | OrdinaryDividend |
Oct 31, 2012 | $0.131 | OrdinaryDividend |
Sep 28, 2012 | $0.125 | OrdinaryDividend |
Aug 31, 2012 | $0.125 | OrdinaryDividend |
Jul 31, 2012 | $0.125 | OrdinaryDividend |
Jun 29, 2012 | $0.125 | OrdinaryDividend |
May 31, 2012 | $0.125 | OrdinaryDividend |
Apr 30, 2012 | $0.125 | OrdinaryDividend |
Mar 30, 2012 | $0.125 | OrdinaryDividend |
Feb 29, 2012 | $0.125 | OrdinaryDividend |
Dec 30, 2011 | $0.125 | OrdinaryDividend |
Nov 30, 2011 | $0.125 | OrdinaryDividend |
Oct 31, 2011 | $0.125 | OrdinaryDividend |
Sep 30, 2011 | $0.125 | OrdinaryDividend |
Aug 31, 2011 | $0.125 | OrdinaryDividend |
Jul 29, 2011 | $0.125 | OrdinaryDividend |
Jun 30, 2011 | $0.125 | OrdinaryDividend |
May 31, 2011 | $0.125 | OrdinaryDividend |
Apr 29, 2011 | $0.125 | OrdinaryDividend |
Mar 31, 2011 | $0.115 | OrdinaryDividend |
Feb 28, 2011 | $0.115 | OrdinaryDividend |
Jan 18, 2011 | $0.115 | OrdinaryDividend |
Dec 31, 2010 | $0.115 | OrdinaryDividend |
Nov 30, 2010 | $0.115 | OrdinaryDividend |
Oct 29, 2010 | $0.115 | OrdinaryDividend |
Sep 30, 2010 | $0.115 | OrdinaryDividend |
Aug 31, 2010 | $0.115 | OrdinaryDividend |
Jul 30, 2010 | $0.115 | OrdinaryDividend |
Jun 30, 2010 | $0.115 | OrdinaryDividend |
May 28, 2010 | $0.115 | OrdinaryDividend |
Apr 30, 2010 | $0.115 | OrdinaryDividend |
Mar 31, 2010 | $0.115 | OrdinaryDividend |
Feb 26, 2010 | $0.115 | OrdinaryDividend |
Jan 19, 2010 | $0.115 | OrdinaryDividend |
Dec 31, 2009 | $0.065 | ExtraDividend |
Nov 30, 2009 | $0.115 | OrdinaryDividend |
Oct 30, 2009 | $0.115 | OrdinaryDividend |
Sep 30, 2009 | $0.115 | OrdinaryDividend |
Aug 31, 2009 | $0.115 | OrdinaryDividend |
Jul 31, 2009 | $0.115 | OrdinaryDividend |
Jun 30, 2009 | $0.115 | OrdinaryDividend |
May 29, 2009 | $0.115 | OrdinaryDividend |
Apr 30, 2009 | $0.115 | OrdinaryDividend |
Mar 31, 2009 | $0.115 | OrdinaryDividend |
Feb 27, 2009 | $0.115 | OrdinaryDividend |
Jan 16, 2009 | $0.115 | OrdinaryDividend |
Dec 31, 2008 | $0.115 | OrdinaryDividend |
Nov 28, 2008 | $0.115 | OrdinaryDividend |
Oct 31, 2008 | $0.115 | OrdinaryDividend |
Sep 30, 2008 | $0.115 | OrdinaryDividend |
Aug 29, 2008 | $0.115 | OrdinaryDividend |
Jul 31, 2008 | $0.115 | OrdinaryDividend |
Jun 30, 2008 | $0.115 | OrdinaryDividend |
May 30, 2008 | $0.115 | OrdinaryDividend |
Apr 30, 2008 | $0.115 | OrdinaryDividend |
Mar 31, 2008 | $0.115 | OrdinaryDividend |
Feb 29, 2008 | $0.115 | OrdinaryDividend |
Jan 15, 2008 | $0.115 | OrdinaryDividend |
Dec 31, 2007 | $0.110 | OrdinaryDividend |
Nov 30, 2007 | $0.110 | OrdinaryDividend |
Oct 31, 2007 | $0.110 | OrdinaryDividend |
Sep 28, 2007 | $0.110 | OrdinaryDividend |
Aug 31, 2007 | $0.110 | OrdinaryDividend |
Jul 31, 2007 | $0.110 | OrdinaryDividend |
Jun 29, 2007 | $0.110 | OrdinaryDividend |
May 31, 2007 | $0.110 | OrdinaryDividend |
Apr 30, 2007 | $0.110 | OrdinaryDividend |
Mar 30, 2007 | $0.110 | OrdinaryDividend |
Feb 28, 2007 | $0.110 | OrdinaryDividend |
Jan 12, 2007 | $0.110 | OrdinaryDividend |
Dec 29, 2006 | $0.105 | OrdinaryDividend |
Nov 30, 2006 | $0.105 | OrdinaryDividend |
Oct 31, 2006 | $0.105 | OrdinaryDividend |
Sep 29, 2006 | $0.105 | OrdinaryDividend |
Aug 31, 2006 | $0.105 | OrdinaryDividend |
Jul 31, 2006 | $0.105 | OrdinaryDividend |
Jun 30, 2006 | $0.105 | OrdinaryDividend |
May 31, 2006 | $0.105 | OrdinaryDividend |
Apr 28, 2006 | $0.105 | OrdinaryDividend |
Mar 31, 2006 | $0.105 | OrdinaryDividend |
Feb 28, 2006 | $0.105 | OrdinaryDividend |
Jan 13, 2006 | $0.105 | OrdinaryDividend |
Dec 30, 2005 | $0.254 | ExtraDividend |
Nov 30, 2005 | $0.099 | OrdinaryDividend |
Oct 31, 2005 | $0.099 | OrdinaryDividend |
Sep 30, 2005 | $0.099 | OrdinaryDividend |
Aug 31, 2005 | $0.099 | OrdinaryDividend |
Jul 29, 2005 | $0.099 | OrdinaryDividend |
Jun 30, 2005 | $0.099 | OrdinaryDividend |
May 31, 2005 | $0.099 | OrdinaryDividend |
Apr 29, 2005 | $0.099 | OrdinaryDividend |
Mar 31, 2005 | $0.099 | OrdinaryDividend |
Feb 28, 2005 | $0.099 | OrdinaryDividend |
Jan 14, 2005 | $0.099 | OrdinaryDividend |
Dec 31, 2004 | $0.095 | OrdinaryDividend |
Nov 30, 2004 | $0.095 | OrdinaryDividend |
Oct 29, 2004 | $0.095 | OrdinaryDividend |
Sep 30, 2004 | $0.095 | OrdinaryDividend |
Aug 31, 2004 | $0.095 | OrdinaryDividend |
Jul 30, 2004 | $0.095 | OrdinaryDividend |
Jun 30, 2004 | $0.095 | OrdinaryDividend |
May 28, 2004 | $0.095 | OrdinaryDividend |
Apr 30, 2004 | $0.095 | OrdinaryDividend |
XUTGX - Fund Manager Analysis
Managers
John Bartlett
Start Date
Tenure
Tenure Rank
Apr 01, 2017
5.17
5.2%
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.
Timothy Porter
Start Date
Tenure
Tenure Rank
Nov 01, 2018
3.58
3.6%
Tim Porter joined Reaves Asset Management in 2004. Effective January 2020, Tim was named the firm’s Chief Investment Officer. He is the lead portfolio manager of the Reaves Infrastructure Fund, co-manager of the Reaves Utility Income Fund, co-manages accounts on several of the firm’s SMA retail platforms, and serves as a research analyst specializing in energy. He also serves on the portfolio review and risk management committee. Before joining Reaves, Mr. Porter was co-manager of a market-neutral energy strategy at Millennium Partners. Previously he served as an analyst at Circle–T Partners and HSBC Asset Management in New York. He started his career at Refco Inc. as a commodity research analyst. Tim received his undergraduate degree from SUNY Geneseo and is a CFA Charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.43 | 10.19 | 8.09 |