CEF Advisors

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Reaves Utility Income Fund (UTG)

Specialty Equity Funds - Utilities Funds

Data as of Feb. 26, 2021
Market Price $31.25 (- $0.20)
NAV (Feb. 26, 2021) $30.27 (- $0.53)
Premium / Discount 3.24% (+1.13%)
Fund Info
Inception Feb. 25, 2004
Sponsor W.H. Reaves & Co Inc
Website www.utilityincomefund....
Phone 1-800-644-5571
Location Colorado
Incorporated Delaware
Staggered Board Yes
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
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 53,936,356
Total Assets (Reported: Oct. 31, 2020) $2,013M
Estimated Total Assets $1,955M
Net Assets $1,633M
Market Cap $1,686M
Portfolio Turnover 38.00%
Total Leverage 16.47%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.50%
Non Lev Exp Ratio 1.09%
Rel Lev Cost 2.05%
Discount Data
Average Discount (3 Yr) -1.04%
Discount Low(3 Yr) -14.60%
Discount High(3 Yr) 12.76%
Discount Rel Range 65.20%
Comp Discount -8.42
Discount St Dev (1Yr) 3.25
Z-Stat (6mo) 2.30
Z-Stat (1Yr) 0.42
Z-Stat (3Yr) 1.02
Comp Z-Stat (6mo) 0.34
Comp Z-Stat (3Yr) -0.41
Distribution Data
Market Yield 6.91%
Income Yield 1.31%
Lev Adj NAV Yield 6.13%
Distribution Frequency M
Current Distribution $0.180
Current Income $0.034
Ex-Date 2/16/21
Payable Date 2/26/21
Div Growth (3yr) 12.50%
Dividend Change 5.9% on 6/17/19
Expected Div 4/5/21
RoC (1yr) 8.33%
RoC (3yr) 2.85%
Tax Dividend Data 2019 2017 - 2019
Income 31.8% 42.7%
ST Gains 0% 0%
QDI 31.8% 42.7%
LT Gains 68.2% 57.3%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $6,705
Avg Volume 30 day 224,894
Avg Volume 90 day 214,565
Volume Trend 4.81%
Comp Volume Trend 8.50%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Utilities / Infrastructure Index
Most Correlated Peer (Mk Pr): UTF 95.0%
NAV - Price Correlation (30 d) 93.6%
NAV - Price Correlation (90 d) 89.3%
NAV - Price Correlation (1 Yr) 90.6%
Price St Dev (1Yr) 48.8%
NAV St Dev (1Yr) 41.5%
Earnings / Share (10/31/20) $0.038
Earn Coverage 20.83%
Earnings Trend Up
UNII / Share (10/31/20) $-0.284
Rel UNII -69.26
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Utilities / Infrastructure Index


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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.

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