Reaves Utility Income:UTG

    Overview

    As of 12/11/2017

     Share
    Price
    NAVPremium/
    Discount
    Current$31.50$34.12-7.68%
    52 Wk Avg$33.27$33.90-1.94%
    52 Wk High$36.57$35.655.58%
    52 Wk Low$29.68$31.90-10.05%
    Regular Distribution TypeManaged Distribution
    Distribution Rate6.10%
    Distribution Amount$0.1600
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income with capital appreciation through investment in domestic and foreign utility companies and various money market instruments

    Capital Structure

    As of 12/11/2017

    Total Net Assets:$1,979.810M
    Total Common Assets:$1,659.810M
    Common Shares Outstanding:48,646,243
    Leverage

    As of 4/28/2017

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $320.000M
    Structural Leverage (USD): $320.000M
    Structural Leverage (%): 21.40%
    Effective Leverage (USD): $320.000M
    Effective Leverage (%): 21.40%
    Annual Expense Ratios

    As of 10/31/2017

      Per Common Share
    Management Fees0.80%
    Other Expenses:0.40%
    Baseline Expense: 1.20%
    Interest Expense:0.48%
    Total: 1.68%

    Fund Management

    Fund Sponsor
    W.H. Reaves & Co Inc

    Portfolio Managers
    William A Ferer (25 Feb 2004)

    Basics
    Category: US Equity-Utilities
    Ticker: UTG
    NAV Ticker: XUTGX
    Average Daily Volume (shares): 148,000
    Average Daily Volume (USD): $4.784M
    Inception Date: 2/24/2004
    Inception Share Price: $20.00
    Inception NAV: $19.10
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 12/11/2017

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2017
    $0.0678
    Annualized Distribution Rate on NAV:
    As of 12/11/2017
    5.62%
    Total Return on NAV (12 months):
    As of 12/11/2017
    13.75%
    Avg. UNII Per Share:
    As of 4/30/2017
    -$0.7361
    Total % Portfolio Effectively Leveraged:
    As of 12/11/2017
    21.40%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/11/2017

    PeriodAvg Discount
    6 Month-2.88%
    1 Year-1.94%
    3 Year-4.36%
    5 Year-4.69%
    Z-Score

    As of 12/12/2017

    PeriodZStat
    3 Month-0.60
    6 Month-1.10
    1 Year-1.50
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/11/2017
    Category: Utilities

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD7.66%11.27%20.74%17.29%
    201629.59%24.14%17.04%12.65%
    2015-13.33%-6.62%-14.47%-11.03%
    201438.60%27.59%21.96%17.91%
    201312.07%20.85%16.54%20.64%
    20124.81%13.19%11.03%14.38%
    201123.32%13.68%8.32%6.55%
    201028.38%27.63%10.91%15.99%
    200975.41%35.07%60.06%34.58%
    2008-49.36%-42.89%-52.20%-45.56%
    200713.35%14.63%20.15%15.52%
    200634.70%30.30%35.11%29.57%
    20054.49%8.91%5.29%10.36%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/11/2017
    Category: Utilities

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2017
    54
    Annual Portfolio Turnover:
    As of 10/31/2017
    34.00%
    Asset Allocation

    As of 4/28/2017 reported by Fund Sponsor

    Top Sectors

    As of 4/28/2017 reported by Fund Sponsor

    Sector%Portfolio
    General Equity 96.35%
    MLP 2.38%
    Net Current Assets 0.76%
    Money Market Fund 0.39%
    Debt - Corporate 0.12%
    Top Holdings

    As of 9/30/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    NextEra Energy Inc$100.39M6.66%
    DTE Energy Holding Company$94.48M6.27%
    Charter Communications Inc$74.57M4.95%
    Comcast Corp A$74.15M4.92%
    Royal Dutch Shell PLC ADR A$62.40M4.14%
    American Water Works Co Inc$62.32M4.14%
    Verizon Communications Inc$61.37M4.07%
    Union Pacific Corp$56.83M3.77%
    Sempra Energy$56.61M3.76%
    BCE Inc$55.49M3.68%
    Wisconsin Energy Corporation$48.97M3.25%
    Country Allocation

    As of 4/28/2017 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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