Price Chart

Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.50% 2.11% 1.661B 217640.6
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
2.98% 38.00% -36.42M Upgrade

Basic Info

Investment Strategy
To provide a high level of after tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation 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 municipal services or (iii) infrastructure operations, such as airports, toll roads and municipal services. The remaining 20% of its assets may be invested in other securities including stocks, debt obligations and money market instruments as well as certain derivative instruments in the utility industry or other industries.
General
Security Type Closed-End Fund
Equity Style Large Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Utilities
Category Index S&P 1500 Utilities TR
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 3.84 yrs
Timothy Porter 2.25 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 31
-36.42M
-942.02M Category Low
1.361B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
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--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of February 25, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
38.60%
-15.86%
29.59%
6.77%
1.84%
33.65%
-5.33%
-3.56%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
2.78%
21.02%
-8.32%
23.27%
13.28%
3.54%
31.00%
-13.64%
3.72%
26.99%
-4.82%
17.60%
12.46%
4.37%
24.87%
-0.76%
-4.53%
28.73%
-4.91%
16.05%
12.03%
3.92%
25.92%
0.57%
-5.17%
21.21%
-25.95%
14.96%
9.08%
-15.81%
40.66%
-9.01%
6.07%
As of February 25, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (2-26-21) 2.98%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 26.18
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of December 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of December 31, 2020

Asset Allocation

As of December 31, 2020.
Type % Net % Long % Short
Cash -17.85% Upgrade Upgrade
Stock 117.8% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
NextEra Energy Inc 5.22% 74.20 0.19%
Altice USA Inc Class A 4.94% 33.64 1.63%
BCE Inc 4.62% 54.68 -0.56%
Verizon Communications Inc 4.56% 55.60 -1.59%
WEC Energy Group Inc 4.31% 81.53 -0.31%
Fortis Inc 4.22% 38.69 -1.78%
CMS Energy Corp 4.20% 54.65 -0.74%
TELUS Corp 4.17% 25.63 0.20%
Comcast Corp Class A 4.06% 53.08 1.61%
Enel SpA
4.05% -- --

Basic Info

Investment Strategy
To provide a high level of after tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation 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 municipal services or (iii) infrastructure operations, such as airports, toll roads and municipal services. The remaining 20% of its assets may be invested in other securities including stocks, debt obligations and money market instruments as well as certain derivative instruments in the utility industry or other industries.
General
Security Type Closed-End Fund
Equity Style Large Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Utilities
Category Index S&P 1500 Utilities TR
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 3.84 yrs
Timothy Porter 2.25 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (2-26-21) 2.98%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 26.18
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of December 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of December 31, 2020

Fund Details

Key Dates
Inception Date 2/24/2004
Last Annual Report Date 10/31/2020
Last Prospectus Date 2/24/2004
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No