Reaves Utility Income Common

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.

Key stats

Management firm  Reaves Asset Management
Domicile  United States
Fund Administrator  Reaves Asset Management
Global Branding Name  W. H. Reaves
12 month yield  3.15%
Fund currency  USD
Launch Date  2004-02-24
ISIN  US7561581015
SEDOL  2396525
Manager 1 Name  William Ferer
Manager 2 Name  Ronald Sorenson
Fund Strategy  Utilities
Benchmark  S&P 500 TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  5.48%
Return - 2 Months  0.60 %
Return - 3 Months  5.17%
Return - 6 Months  13.56 %
Return - 9 months  22.71 %
Return - 12 Months  29.96%
Annualized return 24 months  18.89 %
Annualized return 36 months  17.40 %
Annualized return 48 months  20.04 %
Annualized return 60 months  22.97 %
Return 120 months  12.80 %
Annualized return since Inception  12.07%
Return YTD  19.68%

Ratings

Morning Star Rating Date   2014-08-31
Morning Star Rating - 36 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 60 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 120 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - Overall  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.58 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact name  Kathleen H. O’Brien
Contact Address  Reaves Asset Management
Contact Address 2  10 Exchange Place, 18th Floor
Contact Address 3  Suite 2200
Contact city  Jersey City
Contact country  United States
Fund Admin Group  Reaves Asset Management
Web Address  www.whreaves.com
Email contact  kobrien@whreaves.com
Custodian  State Street Bank & Trust Co
Phone  201.332.4596

Price

Last Price Date  2014-09-26
Pre-tax nav  28.79
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.26
Price change (percentage)  0.91 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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