Reaves Utility Income:UTG

    Manage Alerts

    Overview

    As of 7/26/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$35.18$34.452.12%
    52 Wk Avg$33.11$32.611.48%
    52 Wk High$35.61$34.834.88%
    52 Wk Low$30.10$29.94-1.35%
    Regular Distribution TypeManaged Distribution
    Distribution Rate6.48%
    Distribution Amount$0.1900
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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.

    Capital Structure

    As of 7/26/2021

    Total Investment Exposure:$2,401.525M
    Total Common Assets:$2,006.525M
    Common Shares Outstanding:58,244,562
    Leverage

    As of 7/26/2021

    Preferred Share Assets:
    Total Debt (USD): $395.000M
    Regulatory Leverage (USD): $395.000M
    Effective Leverage (USD): $395.000M
    Effective Leverage (%): 16.45%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees0.72%
    Other Expenses:0.37%
    Baseline Expense: N/A
    Interest Expense:0.41%
    Total: 1.50%
    Fund Management

    Fund Sponsor
    Reaves Asset Management

    Portfolio Managers
    Timothy O. Porter, John P. Bartlett

    Basics
    Category: Equity-Sector Equity
    Ticker: UTG
    NAV Ticker: XUTGX
    Average Daily Volume (shares): 194,729
    Average Daily Volume (USD): $6.445M
    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 7/26/2021

    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 4/30/2021
    $0.3387
    Annualized Distribution Rate on NAV:
    As of 7/26/2021
    6.62%
    Total Return on NAV (12 months):
    As of 7/26/2021
    21.29%
    Total % Portfolio Effectively Leveraged:
    As of 7/26/2021
    16.45%

    Pricing Information

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

    As of 7/26/2021

    PeriodAvg Discount
    6 Month1.80%
    1 Year1.48%
    3 Year0.32%
    5 Year-1.81%
    Z-Score

    As of 7/26/2021

    PeriodZStat
    3 Month0.14
    6 Month0.36
    1 Year0.70
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2021
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD7.51%4.75%19.32%13.04%
    2020-5.20%-4.87%5.15%5.71%
    201933.74%33.95%26.64%22.38%
    20181.84%-6.55%-12.35%-9.96%
    201710.96%14.15%18.18%12.88%
    201629.59%24.14%17.45%14.67%
    2015-13.33%-6.62%-15.98%-12.75%
    201438.60%27.59%5.16%4.65%
    201312.07%20.85%16.34%17.44%
    2012-0.21%7.92%12.53%11.75%
    201123.32%14.36%-1.05%0.79%
    201028.39%27.63%20.02%17.83%
    200975.41%35.07%50.36%35.04%
    2008-49.32%-42.89%  
    200713.26%14.50%  
    200634.70%30.68%  
    20053.12%8.71%  
    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 6/30/2021
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2021
    42
    Annual Portfolio Turnover:
    As of 10/31/2020
    38.00%
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Utilities67.01%
    Defensive (Super Sector)67.01%
    Sensitive (Super Sector)33.16%
    Communication Services28.26%
    Cyclical (Super Sector)18.70%
    Real Estate18.70%
    Industrials4.90%
    Cash Equivalents-18.88%
    Cash Equivalents (Super Sector)-18.88%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    NextEra Energy Inc$92.64M4.92%
    Verizon Communications Inc$91.05M4.83%
    BCE Inc$88.30M4.69%
    WEC Energy Group Inc$81.71M4.34%
    Fortis Inc$81.17M4.31%
    CMS Energy Corp$78.88M4.19%
    American Water Works Co Inc$77.93M4.13%
    Eversource Energy$77.81M4.13%
    Altice USA Inc Class A$76.86M4.08%
    TELUS Corp$76.09M4.04%
    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity98.59%
    Canada - Equity13.62%
    Italy - Equity3.83%
    Denmark - Equity2.83%

    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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