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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
46.2%
1 yr return
53.6%
3 Yr Avg Return
16.2%
5 Yr Avg Return
12.8%
Net Assets
$55.8 M
Holdings in Top 10
72.8%
Expense Ratio 0.49%
Front Load N/A
Deferred Load N/A
Turnover 19.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies in the Utility Sector (“Utility Sector Companies”). The Fund considers a company to be a “Utility Sector Company” if at least 50% of the company’s assets or customers are committed to, or at least 50% of the company’s revenues, gross income or profits derive from, the provision of products, services or equipment for the generation or distribution of electricity, gas or water. The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified index of securities. Instead, it uses an active investment strategy that seeks to meet its investment objective.
W. H. Reaves & Co., Inc. d/b/a Reaves Asset Management, the Fund’s investment sub-adviser (the “Sub-Adviser” or “Reaves Asset Management”), manages the Fund’s assets using a value-based, bottom-up stock selection approach. In making investment decisions, the Sub-Adviser primarily invests in common stocks of Utility Sector Companies that the Sub-Adviser deems to be attractive based on the potential for growth of income and capital appreciation over time. While the Sub-Adviser may consider a number of factors in making investment decisions, the Sub-Adviser generally seeks to acquire Utility Sector Companies that have or reflect one or more of the following characteristics:
•conservative capital structures;
•solid balance sheets;
•history of and/or potential for growing earnings and raising dividends;
•positive catalysts that may unlock value; and/or
•lower-than-market levels of volatility, correlation or similar characteristics.
Although the Fund may invest in foreign Utility Sector Companies, including, without limitation, through investments in American Depositary Receipts (“ADRs”), the Fund will invest primarily in U.S. Utility Sector Companies. The Fund may invest in securities of issuers of any market capitalization.
The Fund’s investments are concentrated in the securities of issuers engaged primarily in utilities-related industries (i.e., Utility Sector Companies).
The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can.
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 46.2% | 3.2% | 46.2% | 1.69% |
1 Yr | 53.6% | 9.8% | 53.6% | 1.69% |
3 Yr | 16.2%* | -8.4% | 16.7% | 5.17% |
5 Yr | 12.8%* | -7.6% | 12.8% | 1.72% |
10 Yr | N/A* | -1.0% | 9.6% | 78.57% |
* Annualized
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -4.8% | -20.0% | 0.8% | 12.07% |
2022 | -1.4% | -21.0% | 3.5% | 24.14% |
2021 | 18.2% | 0.2% | 26.5% | 3.45% |
2020 | -2.6% | -18.4% | 8.1% | 41.38% |
2019 | 23.1% | 7.0% | 26.2% | 3.51% |
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 46.2% | 3.2% | 46.2% | 1.69% |
1 Yr | 53.6% | 9.8% | 53.6% | 1.69% |
3 Yr | 16.2%* | -8.4% | 16.7% | 5.17% |
5 Yr | 12.8%* | -7.6% | 12.8% | 1.72% |
10 Yr | N/A* | -1.0% | 9.6% | N/A |
* Annualized
Period | UTES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -19.5% | 3.4% | 31.03% |
2022 | 0.8% | -19.7% | 19.1% | 46.55% |
2021 | 20.7% | 5.6% | 30.1% | 6.90% |
2020 | -0.3% | -18.1% | 9.0% | 51.72% |
2019 | 25.5% | 9.7% | 29.4% | 38.60% |
UTES | Category Low | Category High | UTES % Rank | |
---|---|---|---|---|
Net Assets | 55.8 M | 14.9 M | 11.9 B | 83.05% |
Number of Holdings | 19 | 19 | 220 | 100.00% |
Net Assets in Top 10 | 80.8 M | 5.45 M | 8.18 B | 81.36% |
Weighting of Top 10 | 72.84% | 22.9% | 72.8% | 1.69% |
Weighting | Return Low | Return High | UTES % Rank | |
---|---|---|---|---|
Stocks | 99.92% | 0.00% | 115.46% | 8.47% |
Cash | 0.08% | -15.47% | 27.31% | 96.61% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 37.29% |
Other | 0.00% | -33.23% | 0.81% | 64.41% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 37.29% |
Bonds | 0.00% | 0.00% | 99.77% | 44.07% |
Weighting | Return Low | Return High | UTES % Rank | |
---|---|---|---|---|
Utilities | 100.00% | 50.08% | 100.00% | 1.69% |
Technology | 0.00% | 0.00% | 6.09% | 62.71% |
Real Estate | 0.00% | 0.00% | 13.29% | 54.24% |
Industrials | 0.00% | 0.00% | 27.59% | 71.19% |
Healthcare | 0.00% | 0.00% | 3.34% | 40.68% |
Financial Services | 0.00% | 0.00% | 4.98% | 44.07% |
Energy | 0.00% | 0.00% | 26.40% | 86.44% |
Communication Services | 0.00% | 0.00% | 47.17% | 67.80% |
Consumer Defense | 0.00% | 0.00% | 0.56% | 40.68% |
Consumer Cyclical | 0.00% | 0.00% | 2.09% | 37.29% |
Basic Materials | 0.00% | 0.00% | 4.68% | 45.76% |
Weighting | Return Low | Return High | UTES % Rank | |
---|---|---|---|---|
US | 99.92% | 0.00% | 100.35% | 5.08% |
Non US | 0.00% | 0.00% | 46.32% | 74.58% |
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.49% | 0.08% | 2.43% | 88.14% |
Management Fee | 0.49% | 0.03% | 1.00% | 37.29% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.04% | 0.26% | N/A |
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
UTES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.00% | 3.00% | 175.00% | 60.71% |
UTES | Category Low | Category High | UTES % Rank | |
---|---|---|---|---|
Dividend Yield | 1.06% | 0.00% | 9.34% | 67.80% |
UTES | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Quarterly |
UTES | Category Low | Category High | UTES % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.10% | 0.31% | 3.10% | 35.59% |
UTES | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 20, 2024 | $0.170 | OrdinaryDividend |
Jun 20, 2024 | $0.260 | OrdinaryDividend |
Mar 20, 2024 | $0.260 | OrdinaryDividend |
Dec 20, 2023 | $0.330 | OrdinaryDividend |
Sep 20, 2023 | $0.270 | OrdinaryDividend |
Jun 20, 2023 | $0.260 | OrdinaryDividend |
Mar 20, 2023 | $0.230 | OrdinaryDividend |
Dec 20, 2022 | $0.309 | OrdinaryDividend |
Sep 20, 2022 | $0.260 | OrdinaryDividend |
Jun 21, 2022 | $0.230 | OrdinaryDividend |
Mar 21, 2022 | $0.200 | OrdinaryDividend |
Dec 20, 2021 | $0.270 | OrdinaryDividend |
Sep 20, 2021 | $0.240 | OrdinaryDividend |
Jun 21, 2021 | $0.230 | OrdinaryDividend |
Mar 22, 2021 | $0.180 | OrdinaryDividend |
Dec 21, 2020 | $0.250 | OrdinaryDividend |
Sep 21, 2020 | $0.220 | OrdinaryDividend |
Jun 22, 2020 | $0.210 | OrdinaryDividend |
Mar 20, 2020 | $0.160 | OrdinaryDividend |
Dec 20, 2019 | $0.230 | OrdinaryDividend |
Sep 20, 2019 | $0.200 | OrdinaryDividend |
Jun 20, 2019 | $0.190 | OrdinaryDividend |
Mar 20, 2019 | $0.140 | OrdinaryDividend |
Dec 20, 2018 | $0.230 | OrdinaryDividend |
Sep 20, 2018 | $0.185 | OrdinaryDividend |
Jun 20, 2018 | $0.185 | OrdinaryDividend |
Mar 20, 2018 | $0.125 | OrdinaryDividend |
Dec 20, 2017 | $0.230 | OrdinaryDividend |
Dec 20, 2017 | $0.204 | CapitalGainLongTerm |
Sep 20, 2017 | $0.180 | OrdinaryDividend |
Jun 20, 2017 | $0.180 | OrdinaryDividend |
Mar 20, 2017 | $0.120 | OrdinaryDividend |
Dec 20, 2016 | $0.248 | OrdinaryDividend |
Dec 20, 2016 | $0.441 | CapitalGainShortTerm |
Sep 20, 2016 | $0.150 | OrdinaryDividend |
Jun 20, 2016 | $0.090 | OrdinaryDividend |
Mar 23, 2016 | $0.112 | OrdinaryDividend |
Dec 21, 2015 | $0.160 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 23, 2015
6.69
6.7%
John P. Bartlett, CFA President, Portfolio Manager, Analyst John Bartlett joined Reaves Asset Management in 1995 and was named President of the firm in July 2019. John is a co-portfolio manager of the Reaves Utility Income Fund and co-manages the Virtus Reaves Utilities ETF. He also specializes in the equity analysis of utilities companies. John received a B.A. from Connecticut College and is a CFA Charterholder.
Start Date
Tenure
Tenure Rank
Sep 23, 2015
6.69
6.7%
Jay Rhame, CFA Chief Executive Officer, Portfolio Manager Jay Rhame joined Reaves Asset Management in 2005 and was named Chief Executive Officer in January 2019. Previously he served as a telecommunications, energy, and utility analyst. Jay also is a co-portfolio manager of the Virtus Reaves Utilities ETF and co-manages the Reaves Utility Income Fund UCITS. He is a member of the portfolio review and risk management committees. Jay received a B.A. from St. Mary’s College of Maryland and is a CFA Charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.43 | 10.23 | 0.92 |
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