Duff & Phelps Util & Corp:DUC

    Manage Alerts

    Overview

    As of 1/26/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$10.03$9.525.36%
    52 Wk Avg$9.29$9.54-2.70%
    52 Wk High$10.13$9.795.64%
    52 Wk Low$7.97$8.56-8.34%
    Regular Distribution TypeIncome Only
    Distribution Rate5.98%
    Distribution Amount$0.0500
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To seek high current income consistent with investing in securities of investment grade quality. It will invest substantially in a diversified portfolio of Utility Income Securities, Corporate Income Securities, Mortgage-Backed Securities and Asset-Backed Securities.

    Capital Structure

    As of 1/26/2021

    Total Investment Exposure:$366.749M
    Total Common Assets:$261.749M
    Common Shares Outstanding:27,494,683
    Leverage

    As of 1/26/2021

    Preferred Share Assets:
    Total Debt (USD): $105.000M
    Regulatory Leverage (USD): $105.000M
    Effective Leverage (USD): $105.000M
    Effective Leverage (%): 28.63%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees0.70%
    Other Expenses:0.43%
    Baseline Expense: N/A
    Interest Expense:0.66%
    Total: 1.79%
    Fund Management

    Fund Sponsor
    Duff & Phelps

    Portfolio Managers
    Daniel J. Petrisko

    Basics
    Category: Fixed Income - Taxable-Investment Grade
    Ticker: DUC
    NAV Ticker: XDUCX
    Average Daily Volume (shares): 58,155
    Average Daily Volume (USD): $0.538M
    Inception Date: 1/29/1993
    Inception Share Price: $15.00
    Inception NAV: $14.06
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 1/26/2021

    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 10/31/2020
    $0.1521
    Annualized Distribution Rate on NAV:
    As of 1/26/2021
    6.30%
    Total Return on NAV (12 months):
    As of 1/26/2021
    7.38%
    Avg. Portfolio Coupon:
    As of 1/26/2021
    4.54%
    Total % Portfolio Effectively Leveraged:
    As of 1/26/2021
    28.63%

    Pricing Information

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

    As of 1/27/2021

    PeriodAvg Discount
    6 Month-1.54%
    1 Year-2.70%
    3 Year-5.83%
    5 Year-6.13%
    Z-Score

    As of 1/26/2021

    PeriodZStat
    3 Month1.15
    6 Month1.84
    1 Year2.67
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/31/2020
    Category: Morningstar US CEF Investment Grade

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD16.97%7.38%6.79%7.72%
    202016.97%7.38%6.79%7.72%
    201916.64%9.51%22.17%13.63%
    2018-2.40%-1.22%-5.98%-2.32%
    20170.07%2.56%10.93%8.34%
    20169.42%5.34%10.79%8.05%
    2015-0.22%-0.45%0.71%-1.10%
    20145.51%5.12%8.71%7.36%
    2013-11.66%-1.46%-4.78%0.23%
    20129.17%8.96%13.98%13.94%
    201113.87%7.69%8.46%5.12%
    2010-0.54%7.39%11.32%12.89%
    200930.76%18.69%34.31%31.42%
    20085.67%-2.41%  
    2007-4.67%4.01%  
    2006-4.24%2.65%  
    2005-4.38%0.08%  
    20045.64%5.15%  
    200322.74%14.59%  
    20027.90%6.76%  
    200111.98%13.15%  
    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 12/31/2020
    Category: Morningstar US CEF Investment Grade

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 1/26/2021
    4.54%
    Number of Holdings:
    As of 10/31/2020
    76
    Annual Portfolio Turnover:
    As of 10/31/2020
    11.00%
    Average Bond Price:
    As of 10/31/2020
    $110.99
    Asset Allocation

    As of 10/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 10/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)122.74%
    Corporate Bond122.74%
    Cash Equivalents10.83%
    Cash Equivalents (Super Sector)10.83%
    Government (Super Sector)5.02%
    Government5.02%
    Agency Mortgage Backed0.08%
    Securitized (Super Sector)0.08%
    Top Holdings

    As of 10/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Berkshire Hathaway Energy Company 8.48%$14.90M5.68%
    Transcanada Pipelines Limited 9.875%$10.15M3.87%
    Enterprise Products Operating Lp 3.35%$7.95M3.03%
    United States Treasury Notes 3.625%$7.07M2.69%
    Enbridge Incorporation 4.25%$6.88M2.62%
    Kinder Morgan Energy Partners Lp 7.75%$6.73M2.56%
    Phillips 66 3.9%$6.59M2.51%
    Williams Partners Lp / Williams Partners Finance Corporation 4.3%$6.55M2.49%
    Potomac Electric Power Company 3.6%$6.52M2.49%
    Other Liability$-105.35M-40.14%
    Credit Quality

    As of 10/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 10/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 10/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income125.21%
    Canada - Fixed Income2.62%
    Invalid Country - Fixed Income0.00%

    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. 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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