Reaves Utility Income Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
19.6%
1 yr return
23.6%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
-2.8%
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 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XUTGX - Profile
Distributions
- YTD Total Return 19.6%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return -2.8%
- 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 | 19.6% | 3.6% | 42.2% | 66.10% |
1 Yr | 23.6% | 10.9% | 47.0% | 66.10% |
3 Yr | -1.4%* | -9.0% | 14.8% | 93.10% |
5 Yr | -2.8%* | -8.5% | 11.6% | 96.55% |
10 Yr | 2.8%* | -1.1% | 9.9% | 98.04% |
* Annualized
Return Ranking - Calendar
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.8% | -20.0% | 0.8% | 46.55% |
2022 | -16.8% | -21.0% | 3.5% | 98.28% |
2021 | 6.0% | 0.2% | 26.5% | 75.86% |
2020 | -11.2% | -18.4% | 8.1% | 87.93% |
2019 | 26.2% | 7.0% | 26.2% | 1.75% |
Total Return Ranking - Trailing
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.6% | 3.6% | 42.2% | 66.10% |
1 Yr | 23.6% | 10.9% | 47.0% | 66.10% |
3 Yr | -1.4%* | -9.0% | 14.8% | 93.10% |
5 Yr | -2.8%* | -8.5% | 11.6% | 96.55% |
10 Yr | 2.8%* | -1.1% | 9.9% | 98.04% |
* Annualized
Total Return Ranking - Calendar
Period | XUTGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.8% | -19.5% | 3.4% | 93.10% |
2022 | -16.8% | -19.7% | 19.1% | 98.28% |
2021 | 6.0% | 5.6% | 30.1% | 98.28% |
2020 | -11.2% | -18.1% | 9.0% | 96.55% |
2019 | 29.4% | 9.7% | 29.4% | 1.75% |
NAV & Total Return History
XUTGX - Holdings
Concentration Analysis
XUTGX | Category Low | Category High | XUTGX % Rank | |
---|---|---|---|---|
Net Assets | 1.82 B | 14.9 M | 11.9 B | 42.37% |
Number of Holdings | 42 | 19 | 220 | 59.32% |
Net Assets in Top 10 | 987 M | 5.45 M | 8.18 B | 42.37% |
Weighting of Top 10 | 41.53% | 22.9% | 72.8% | 76.27% |
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% | 0.00% | 115.46% | 1.69% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 32.20% |
Other | 0.00% | -33.23% | 0.81% | 64.41% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 32.20% |
Bonds | 0.00% | 0.00% | 99.77% | 38.98% |
Cash | -15.47% | -15.47% | 27.31% | 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% | 26.40% | 71.19% |
Technology | 0.00% | 0.00% | 6.09% | 59.32% |
Healthcare | 0.00% | 0.00% | 3.34% | 35.59% |
Financial Services | 0.00% | 0.00% | 4.98% | 38.98% |
Consumer Defense | 0.00% | 0.00% | 0.56% | 35.59% |
Consumer Cyclical | 0.00% | 0.00% | 2.09% | 33.90% |
Basic Materials | 0.00% | 0.00% | 4.68% | 38.98% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XUTGX % Rank | |
---|---|---|---|---|
US | 95.07% | 0.00% | 100.35% | 52.54% |
Non US | 20.39% | 0.00% | 46.32% | 20.34% |
XUTGX - Expenses
Operational Fees
XUTGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.23% | 0.08% | 2.43% | 35.59% |
Management Fee | 0.58% | 0.03% | 1.00% | 44.07% |
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% | 175.00% | 64.29% |
XUTGX - Distributions
Dividend Yield Analysis
XUTGX | Category Low | Category High | XUTGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.34% | 96.61% |
Dividend Distribution Analysis
XUTGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
XUTGX | Category Low | Category High | XUTGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.70% | 0.31% | 3.10% | 64.41% |
Capital Gain Distribution Analysis
XUTGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 17, 2019 | $0.170 | OrdinaryDividend |
May 20, 2019 | $0.170 | OrdinaryDividend |
Apr 18, 2019 | $0.170 | OrdinaryDividend |
Mar 19, 2019 | $0.170 | OrdinaryDividend |
Feb 14, 2019 | $0.170 | OrdinaryDividend |
Dec 28, 2018 | $0.170 | OrdinaryDividend |
Dec 17, 2018 | $0.170 | OrdinaryDividend |
Nov 16, 2018 | $0.170 | OrdinaryDividend |
Oct 19, 2018 | $0.170 | OrdinaryDividend |
Sep 19, 2018 | $0.170 | OrdinaryDividend |
Aug 20, 2018 | $0.170 | OrdinaryDividend |
Jul 19, 2018 | $0.170 | OrdinaryDividend |
Jun 18, 2018 | $0.170 | OrdinaryDividend |
May 21, 2018 | $0.170 | OrdinaryDividend |
Apr 19, 2018 | $0.170 | OrdinaryDividend |
Mar 19, 2018 | $0.160 | OrdinaryDividend |
Feb 15, 2018 | $0.160 | OrdinaryDividend |
Dec 28, 2017 | $0.160 | OrdinaryDividend |
Dec 14, 2017 | $0.160 | OrdinaryDividend |
Nov 16, 2017 | $0.160 | OrdinaryDividend |
Oct 23, 2017 | $0.160 | OrdinaryDividend |
Sep 19, 2017 | $0.160 | OrdinaryDividend |
Aug 16, 2017 | $0.160 | OrdinaryDividend |
Jul 17, 2017 | $0.160 | OrdinaryDividend |
Jun 14, 2017 | $0.160 | OrdinaryDividend |
May 17, 2017 | $0.160 | OrdinaryDividend |
Apr 18, 2017 | $0.160 | OrdinaryDividend |
Mar 20, 2017 | $0.160 | OrdinaryDividend |
Feb 15, 2017 | $0.160 | OrdinaryDividend |
Dec 28, 2016 | $0.920 | CapitalGainLongTerm |
Dec 28, 2016 | $0.160 | OrdinaryDividend |
Dec 14, 2016 | $0.160 | OrdinaryDividend |
Nov 16, 2016 | $0.160 | OrdinaryDividend |
Oct 19, 2016 | $0.160 | OrdinaryDividend |
Sep 14, 2016 | $0.151 | OrdinaryDividend |
Aug 17, 2016 | $0.151 | OrdinaryDividend |
Jul 13, 2016 | $0.151 | OrdinaryDividend |
Jun 15, 2016 | $0.151 | OrdinaryDividend |
May 18, 2016 | $0.151 | OrdinaryDividend |
Apr 14, 2016 | $0.151 | OrdinaryDividend |
Mar 16, 2016 | $0.151 | OrdinaryDividend |
Feb 17, 2016 | $0.151 | OrdinaryDividend |
Dec 29, 2015 | $0.151 | OrdinaryDividend |
Dec 16, 2015 | $0.151 | OrdinaryDividend |
Nov 09, 2015 | $0.151 | OrdinaryDividend |
Oct 15, 2015 | $0.151 | OrdinaryDividend |
Sep 16, 2015 | $0.151 | OrdinaryDividend |
Aug 17, 2015 | $0.151 | OrdinaryDividend |
Jul 15, 2015 | $0.151 | OrdinaryDividend |
Jun 16, 2015 | $0.151 | OrdinaryDividend |
May 14, 2015 | $0.151 | OrdinaryDividend |
Apr 15, 2015 | $0.151 | OrdinaryDividend |
Mar 16, 2015 | $0.151 | OrdinaryDividend |
Feb 12, 2015 | $0.151 | OrdinaryDividend |
Dec 29, 2014 | $0.151 | OrdinaryDividend |
Dec 17, 2014 | $0.138 | OrdinaryDividend |
Nov 14, 2014 | $0.138 | OrdinaryDividend |
Oct 15, 2014 | $0.138 | OrdinaryDividend |
Sep 16, 2014 | $0.138 | OrdinaryDividend |
Aug 14, 2014 | $0.138 | OrdinaryDividend |
Jul 16, 2014 | $0.138 | OrdinaryDividend |
Jun 16, 2014 | $0.138 | OrdinaryDividend |
May 14, 2014 | $0.138 | OrdinaryDividend |
Apr 15, 2014 | $0.138 | OrdinaryDividend |
Mar 14, 2014 | $0.138 | OrdinaryDividend |
Feb 12, 2014 | $0.138 | OrdinaryDividend |
Dec 27, 2013 | $0.138 | OrdinaryDividend |
Dec 16, 2013 | $0.131 | OrdinaryDividend |
Nov 14, 2013 | $0.131 | OrdinaryDividend |
Oct 18, 2013 | $0.131 | OrdinaryDividend |
Sep 18, 2013 | $0.131 | OrdinaryDividend |
Aug 15, 2013 | $0.131 | OrdinaryDividend |
Jul 16, 2013 | $0.131 | OrdinaryDividend |
Jun 13, 2013 | $0.131 | OrdinaryDividend |
May 15, 2013 | $0.131 | OrdinaryDividend |
Apr 17, 2013 | $0.131 | OrdinaryDividend |
Mar 14, 2013 | $0.131 | OrdinaryDividend |
Feb 13, 2013 | $0.131 | OrdinaryDividend |
Dec 27, 2012 | $0.131 | OrdinaryDividend |
Dec 14, 2012 | $0.131 | OrdinaryDividend |
Nov 15, 2012 | $0.131 | OrdinaryDividend |
Oct 17, 2012 | $0.131 | OrdinaryDividend |
Sep 14, 2012 | $0.125 | OrdinaryDividend |
Aug 22, 2012 | $0.125 | OrdinaryDividend |
Jun 28, 2012 | $0.125 | OrdinaryDividend |
Jun 15, 2012 | $0.125 | OrdinaryDividend |
May 16, 2012 | $0.125 | OrdinaryDividend |
Apr 18, 2012 | $0.125 | OrdinaryDividend |
Mar 15, 2012 | $0.125 | OrdinaryDividend |
Feb 15, 2012 | $0.125 | OrdinaryDividend |
Dec 28, 2011 | $0.287 | CapitalGainShortTerm |
Dec 28, 2011 | $0.045 | CapitalGainLongTerm |
Dec 28, 2011 | $0.125 | OrdinaryDividend |
Dec 14, 2011 | $0.125 | OrdinaryDividend |
Nov 16, 2011 | $0.125 | OrdinaryDividend |
Oct 17, 2011 | $0.125 | OrdinaryDividend |
Sep 14, 2011 | $0.125 | OrdinaryDividend |
Aug 16, 2011 | $0.125 | OrdinaryDividend |
Jul 18, 2011 | $0.125 | OrdinaryDividend |
Jun 15, 2011 | $0.125 | OrdinaryDividend |
May 17, 2011 | $0.125 | OrdinaryDividend |
Apr 18, 2011 | $0.125 | OrdinaryDividend |
Mar 16, 2011 | $0.115 | OrdinaryDividend |
Feb 16, 2011 | $0.115 | OrdinaryDividend |
Dec 29, 2010 | $0.115 | OrdinaryDividend |
Dec 15, 2010 | $0.115 | OrdinaryDividend |
Nov 17, 2010 | $0.115 | OrdinaryDividend |
Oct 18, 2010 | $0.115 | OrdinaryDividend |
Sep 15, 2010 | $0.115 | OrdinaryDividend |
Aug 16, 2010 | $0.115 | OrdinaryDividend |
Jul 19, 2010 | $0.115 | OrdinaryDividend |
Jun 16, 2010 | $0.115 | OrdinaryDividend |
May 17, 2010 | $0.115 | OrdinaryDividend |
Apr 19, 2010 | $0.115 | OrdinaryDividend |
Mar 17, 2010 | $0.115 | OrdinaryDividend |
Feb 16, 2010 | $0.115 | OrdinaryDividend |
Dec 29, 2009 | $0.115 | OrdinaryDividend |
Dec 24, 2009 | $0.065 | ExtraDividend |
Dec 16, 2009 | $0.115 | OrdinaryDividend |
Nov 18, 2009 | $0.115 | OrdinaryDividend |
Oct 19, 2009 | $0.115 | OrdinaryDividend |
Sep 16, 2009 | $0.115 | OrdinaryDividend |
Aug 17, 2009 | $0.115 | OrdinaryDividend |
Jul 20, 2009 | $0.115 | OrdinaryDividend |
Jun 17, 2009 | $0.115 | OrdinaryDividend |
May 18, 2009 | $0.115 | OrdinaryDividend |
Apr 15, 2009 | $0.115 | OrdinaryDividend |
Mar 16, 2009 | $0.115 | OrdinaryDividend |
Feb 11, 2009 | $0.115 | OrdinaryDividend |
Dec 29, 2008 | $0.115 | OrdinaryDividend |
Dec 29, 2008 | $0.096 | CapitalGainLongTerm |
Dec 15, 2008 | $0.115 | OrdinaryDividend |
Nov 17, 2008 | $0.115 | OrdinaryDividend |
Oct 14, 2008 | $0.115 | OrdinaryDividend |
Sep 15, 2008 | $0.115 | OrdinaryDividend |
Aug 13, 2008 | $0.115 | OrdinaryDividend |
Jul 14, 2008 | $0.115 | OrdinaryDividend |
Jun 16, 2008 | $0.115 | OrdinaryDividend |
May 14, 2008 | $0.115 | OrdinaryDividend |
Apr 14, 2008 | $0.115 | OrdinaryDividend |
Mar 12, 2008 | $0.115 | OrdinaryDividend |
Feb 13, 2008 | $0.115 | OrdinaryDividend |
Dec 27, 2007 | $0.115 | OrdinaryDividend |
Dec 27, 2007 | $0.147 | CapitalGainShortTerm |
Dec 27, 2007 | $0.565 | CapitalGainLongTerm |
Dec 12, 2007 | $0.110 | OrdinaryDividend |
Nov 14, 2007 | $0.110 | OrdinaryDividend |
Oct 15, 2007 | $0.110 | OrdinaryDividend |
Sep 12, 2007 | $0.110 | OrdinaryDividend |
Aug 13, 2007 | $0.110 | OrdinaryDividend |
Jul 11, 2007 | $0.110 | OrdinaryDividend |
Jun 13, 2007 | $0.110 | OrdinaryDividend |
May 14, 2007 | $0.110 | OrdinaryDividend |
Apr 11, 2007 | $0.110 | OrdinaryDividend |
Mar 14, 2007 | $0.110 | OrdinaryDividend |
Feb 14, 2007 | $0.110 | OrdinaryDividend |
Dec 27, 2006 | $0.110 | OrdinaryDividend |
Dec 27, 2006 | $0.055 | CapitalGainLongTerm |
Dec 13, 2006 | $0.105 | OrdinaryDividend |
Nov 13, 2006 | $0.105 | OrdinaryDividend |
Oct 11, 2006 | $0.105 | OrdinaryDividend |
Sep 13, 2006 | $0.105 | OrdinaryDividend |
Aug 14, 2006 | $0.105 | OrdinaryDividend |
Jul 12, 2006 | $0.105 | OrdinaryDividend |
Jun 13, 2006 | $0.105 | OrdinaryDividend |
May 11, 2006 | $0.105 | OrdinaryDividend |
Apr 11, 2006 | $0.105 | OrdinaryDividend |
Mar 13, 2006 | $0.105 | OrdinaryDividend |
Feb 13, 2006 | $0.105 | OrdinaryDividend |
Dec 28, 2005 | $0.105 | OrdinaryDividend |
Dec 27, 2005 | $0.255 | ExtraDividend |
Dec 13, 2005 | $0.100 | OrdinaryDividend |
Nov 10, 2005 | $0.100 | OrdinaryDividend |
Oct 12, 2005 | $0.100 | OrdinaryDividend |
Sep 13, 2005 | $0.100 | OrdinaryDividend |
Aug 11, 2005 | $0.100 | OrdinaryDividend |
Jul 13, 2005 | $0.100 | OrdinaryDividend |
Jun 13, 2005 | $0.100 | OrdinaryDividend |
May 11, 2005 | $0.100 | OrdinaryDividend |
Apr 13, 2005 | $0.100 | OrdinaryDividend |
Mar 11, 2005 | $0.100 | OrdinaryDividend |
Feb 11, 2005 | $0.100 | OrdinaryDividend |
Dec 29, 2004 | $0.100 | OrdinaryDividend |
Dec 13, 2004 | $0.097 | OrdinaryDividend |
Nov 10, 2004 | $0.097 | OrdinaryDividend |
Oct 13, 2004 | $0.097 | OrdinaryDividend |
Sep 13, 2004 | $0.097 | OrdinaryDividend |
Aug 11, 2004 | $0.097 | OrdinaryDividend |
Jul 13, 2004 | $0.097 | OrdinaryDividend |
Jun 14, 2004 | $0.097 | OrdinaryDividend |
May 12, 2004 | $0.097 | OrdinaryDividend |
Apr 14, 2004 | $0.097 | 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 | 10.23 | 8.09 |