This fund focuses on the utility sector and currently has $3.6 billion in assets under management (AUM).
Inside the Fund
The fund focuses primarily on holdings based in the Americas (93%), although it does have small stakes in Europe and Asia.
It’s also notable that the fund is fully invested – with just less than 1% of its portfolio in cash.
The fund’s top five holdings represent over 17% of its total portfolio. Although this is a utility-focused fund, the top three holdings are energy stocks.
|Symbol||Stock||Portfolio Weight||Dividend Yield|
|TRGP||Targa Resources Corp||3.78%||2.43%|
|ETE||Energy Transfer Equity LP||3.76%||3.07%|
The Bottom Line
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