CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Reaves Util Incm Fd (UTG)

Specialty Equity Funds - Utilities Funds

Data as of Dec. 13, 2017
Current
Market Price $31.42 (+ $0.12)
NAV (Dec. 13, 2017) $34.06 (+ $0.07)
Premium / Discount -7.75% (+0.16%)
Fund Info
Inception Feb. 25, 2004
Sponsor W.H. Reaves & Co Inc
Website www.utilityincomefund....
Phone 1-800-644-5571
NAV Symbol XUTGX
Objective: High level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation through investing in equity and debt securities.
Related Indexes
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Utilities / Infrastructure Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 48,646,243
Gross Assets $1,500M
Net Assets $1,657M
Market Cap $1,528M
Purchases Turnover 18.83%
Sales Turnover 20.73%
Total Leverage 21.22%
Structural Leverage (out of total) 21.22%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.66%
Non Lev Exp Ratio 1.12%
Rel Lev Cost 1.99%
Discount Data
Average Discount (3 Yr) -4.37%
Discount Low(3 Yr) -15.63%
Discount High(3 Yr) 5.58%
Discount Rel Range 37.16%
Comp Discount -6.62
Discount St Dev (1Yr) 3.88
Z-Stat
Z-Stat (6mo) -1.09
Z-Stat (1Yr) -1.50
Z-Stat (3Yr) -0.98
Comp Z-Stat (6mo) -0.83
Comp Z-Stat (3Yr) -1.80
Distribution Data
Market Yield 6.11%
Income Yield 1.44%
Lev Adj NAV Yield 4.65%
Distribution Frequency M
Current Distribution $0.160
Current Income $0.160
Ex-Date 12/14/17
Payable Date 12/29/17
Div Growth (3yr) 5.79%
Dividend Change 5.8% on 10/5/16
Expected Div 12/20/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $7,519
Avg Volume 30 day 175,883
Avg Volume 90 day 239,303
Volume Trend -26.50%
Comp Volume Trend -19.09%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
11.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
41.0%
Price Correlation (1yr)
vs. CEFA's Utilities / Infrastructure Index
64.0%
Most Correlated Peer (Mk Pr): BUI 49.0%
NAV - Price Correlation (30 d) 93.2%
NAV - Price Correlation (90 d) 84.0%
NAV - Price Correlation (1 Yr) 67.4%
Price St Dev (1Yr) 15.7%
NAV St Dev (1Yr) 10.4%
Earnings
Earnings / Share (4/30/17) $0.068
Earn Coverage 42.31%
Earnings Trend Down
UNII / Share (4/30/17) $-0.736
Rel UNII -38.33
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.67
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.00
NAV Beta (2yr)
vs. CEFA's Utilities / Infrastructure Index
0.85

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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