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 May 23, 2018
Current
Market Price $28.18 (+ $0.01)
NAV (May 23, 2018) $30.45 (+ $0.07)
Premium / Discount -7.45% (-0.18%)
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
Capital & Leverage
Outstanding Shares 48,670,001
Gross Assets (Reported: Oct. 31, 2017) $1,950M
Estimated Gross Assets $1,886M
Net Assets $1,482M
Market Cap $1,372M
Purchases Turnover 25.67%
Sales Turnover 15.01%
Total Leverage 21.41%
Structural Leverage (out of total) 21.41%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.66%
Non Lev Exp Ratio 1.09%
Rel Lev Cost 2.20%
Discount Data
Average Discount (3 Yr) -5.00%
Discount Low(3 Yr) -15.63%
Discount High(3 Yr) 5.58%
Discount Rel Range 38.56%
Comp Discount -6.65
Discount St Dev (1Yr) 4.44
Z-Stat
Z-Stat (6mo) 1.17
Z-Stat (1Yr) -0.51
Z-Stat (3Yr) -0.66
Comp Z-Stat (6mo) 0.85
Comp Z-Stat (3Yr) -1.55
Distribution Data
Market Yield 7.24%
Income Yield 3.14%
Lev Adj NAV Yield 5.52%
Distribution Frequency M
Current Distribution $0.170
Current Income $0.074
Ex-Date 5/21/18
Payable Date 5/31/18
Div Growth (3yr) 12.40%
Dividend Change 6.3% on 3/15/18
Expected Div 6/15/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017
Income 54.1%
ST Gains 0%
QDI 54.1%
LT Gains 45.9%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $5,181
Avg Volume 30 day 144,618
Avg Volume 90 day 183,868
Volume Trend -21.35%
Comp Volume Trend -8.62%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
53.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
48.0%
Price Correlation (1yr)
vs. CEFA's Utilities / Infrastructure Index
71.0%
Most Correlated Peer (Mk Pr): UTF 63.0%
NAV - Price Correlation (30 d) 49.5%
NAV - Price Correlation (90 d) 76.5%
NAV - Price Correlation (1 Yr) 91.7%
Price St Dev (1Yr) 15.0%
NAV St Dev (1Yr) 12.1%
Earnings
Earnings / Share (10/31/17) $0.073
Earn Coverage 42.88%
Earnings Trend Up
UNII / Share (10/31/17) $-0.148
Rel UNII -16.69
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.68
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.17
NAV Beta (2yr)
vs. CEFA's Utilities / Infrastructure Index
0.89

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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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