Reaves Utility Income Fund (UTG)
26.23
-0.09
(-0.34%)
USD |
NYAM |
Apr 25, 12:30
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.32% | 0.53% | 2.021B | 286857.2 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 2.14% | 32.00% | -36.42M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund’s investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for (i) the generation or distribution of electricity, gas or water, (ii) telecommunications activities or (iii) infrastructure operations, such as airports, toll roads and municipal services. |
| General | |
| Security Type | Closed-End Fund |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Utilities |
| Category Index | S&P 1500 Utilities TR |
| Global Category Name | Utilities Sector Equity |
| YCharts Categorization | Utilities Equity |
| YCharts Benchmark | S&P 500 Utilities (Sector) Total Return (^SPXUSTR) |
| Prospectus Objective | Specialty - Utility |
| Fund Owner Firm Name | Reaves Asset Management |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| John Bartlett | 7.01 yrs |
| Timothy Porter | 5.42 yrs |
| Joseph (Jay) Rhame | 0.42 yrs |
Performance Versus Category
As of April 24, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 24, 2024.
Basic Info
| Investment Strategy | |
| The Fund’s investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for (i) the generation or distribution of electricity, gas or water, (ii) telecommunications activities or (iii) infrastructure operations, such as airports, toll roads and municipal services. |
| General | |
| Security Type | Closed-End Fund |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Utilities |
| Category Index | S&P 1500 Utilities TR |
| Global Category Name | Utilities Sector Equity |
| YCharts Categorization | Utilities Equity |
| YCharts Benchmark | S&P 500 Utilities (Sector) Total Return (^SPXUSTR) |
| Prospectus Objective | Specialty - Utility |
| Fund Owner Firm Name | Reaves Asset Management |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| John Bartlett | 7.01 yrs |
| Timothy Porter | 5.42 yrs |
| Joseph (Jay) Rhame | 0.42 yrs |