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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Reaves Utility Income Fund

XUTGX | Fund

$35.13

$1.82 B

0.00%

1.23%

Vitals

YTD Return

31.6%

1 yr return

34.8%

3 Yr Avg Return

1.9%

5 Yr Avg Return

-0.5%

Net Assets

$1.82 B

Holdings in Top 10

41.5%

52 WEEK LOW AND HIGH

$34.2
N/A
N/A

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 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Reaves Utility Income Fund

XUTGX | Fund

$35.13

$1.82 B

0.00%

1.23%

XUTGX - Profile

Distributions

  • YTD Total Return 31.6%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Reaves Utility Income Fund
  • Fund Family Name
    Reaves Asset Management
  • Inception Date
    Mar 12, 2004
  • Shares Outstanding
    53936356
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Bartlett

Fund Description

XUTGX - Performance

Return Ranking - Trailing

Period XUTGX Return Category Return Low Category Return High Rank in Category (%)
YTD 31.6% 4.3% 58.2% 52.54%
1 Yr 34.8% 8.7% 61.3% 52.54%
3 Yr 1.9%* -7.8% 18.5% 93.10%
5 Yr -0.5%* -7.5% 14.2% 96.55%
10 Yr 3.7%* -0.9% 10.5% 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 31.6% 4.3% 58.2% 52.54%
1 Yr 34.8% 8.7% 61.3% 52.54%
3 Yr 1.9%* -7.8% 18.5% 93.10%
5 Yr -0.5%* -7.5% 14.2% 96.55%
10 Yr 3.7%* -0.9% 10.5% 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

  1. Union Pacific Corp 5.66%
  2. Dominion Energy Inc 4.93%
  3. BCE Inc 4.92%
  4. Verizon Communications Inc 4.35%
  5. Ameren Corp 4.31%
  6. Charter Communications Inc Class A 4.31%
  7. NextEra Energy Inc 4.20%
  8. Entergy Corp 4.17%
  9. Exelon Corp 4.15%
  10. 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% 27.12%
Other 		0.00% -33.23% 0.81% 54.24%
Convertible Bonds 		0.00% 0.00% 0.00% 25.42%
Bonds 		0.00% 0.00% 99.77% 32.20%
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% 62.71%
Healthcare 		0.00% 0.00% 3.34% 37.29%
Financial Services 		0.00% 0.00% 4.98% 40.68%
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% 35.59%

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% 62.50%

XUTGX - Distributions

Dividend Yield Analysis

XUTGX Category Low Category High XUTGX % Rank
Dividend Yield 0.00% 0.00% 9.34% 93.22%

Dividend Distribution Analysis

XUTGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly 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

View More +

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

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