About the Index
Utility Fund grouping according to CEFdata.com. 90-day average trade dollar $ liquidity over $500K. Equal weight each fund for the index. The index constituents will be rebalanced each quarter.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | 10 Year(%) | MTD(%) | QTD(%) | YTD(%) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,765.81 | 0.52 | 2.34 | 6.64 | 14.34 | 1.58 | 4.94 | 4.44 | 7.86 | 8.93 | 5.94 | 5.94 | 5.94 | ||||||
NAV | 1,531.02 | 0.36 | 1.39 | 3.08 | 12.96 | -0.62 | 3.99 | 2.94 | 5.60 | 7.53 | 3.68 | 3.68 | 3.68 | ||||||
Difference | -0.17 | -0.96 | -3.56 | -1.38 | -2.20 | -0.96 | -1.50 | -2.26 | -1.40 | -2.26 | -2.26 | -2.26 | |||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
2022 - Monthly Performance (%) | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2022 | |
Price | -1.56 | -0.47 | 4.00 | 1.89 | -4.00 | 1.91 | -6.00 | -8.03 | -6.29 | 6.42 | 0.35 | -14.01 | -8.17 | 4.02 | 8.57 | -2.50 | 10.12 | 1.12 | -5.24 |
NAV | -2.68 | -0.32 | 7.35 | 4.15 | -4.40 | 3.71 | -8.44 | -9.22 | -5.46 | 6.19 | -2.40 | -14.05 | -10.92 | 6.02 | 9.89 | -3.29 | 12.68 | 0.37 | -5.11 |
Difference | -1.12 | 0.15 | 3.36 | 2.26 | -0.40 | 1.79 | -2.44 | -1.19 | 0.83 | -0.23 | -2.75 | -0.04 | -2.75 | 2.00 | 1.32 | -0.79 | 2.56 | -0.75 | 0.13 |
2021 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2021 | |
Price | 1.72 | -0.28 | 1.63 | 3.09 | 6.05 | 1.88 | -0.25 | 7.77 | 11.11 | 0.60 | 2.64 | -4.42 | -1.31 | 4.35 | -2.46 | 4.84 | 6.70 | 5.31 | 17.01 |
NAV | -1.33 | -2.44 | 9.14 | 5.06 | 5.28 | 0.61 | -1.71 | 4.11 | 9.38 | 1.86 | 2.51 | -5.80 | -1.64 | 5.29 | -3.66 | 7.49 | 9.04 | 7.26 | 17.32 |
Difference | -3.05 | -2.16 | 7.50 | 1.97 | -0.77 | -1.28 | -1.46 | -3.66 | -1.73 | 1.27 | -0.14 | -1.39 | -0.33 | 0.94 | -1.20 | 2.66 | 2.34 | 1.94 | 0.31 |
2020 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2020 | |
Price | 2.99 | -13.01 | -18.11 | -26.63 | 12.44 | 5.98 | -0.98 | 18.00 | -13.43 | 3.84 | 0.32 | -2.37 | 1.71 | -0.20 | 11.54 | 1.89 | 13.43 | 15.37 | -0.12 |
NAV | 2.59 | -9.62 | -20.00 | -25.82 | 8.84 | 5.42 | -1.96 | 12.48 | -16.56 | 6.05 | -0.14 | -2.40 | 3.36 | 1.16 | 8.82 | 1.93 | 12.21 | 15.97 | -3.23 |
Difference | -0.40 | 3.39 | -1.89 | 0.82 | -3.60 | -0.57 | -0.98 | -5.52 | -3.13 | 2.21 | -0.46 | -0.03 | 1.65 | 1.35 | -2.72 | 0.04 | -1.22 | 0.61 | -3.11 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 12.02 | 2.84 | 3.51 | 19.25 | 1.63 | -2.82 | 6.73 | 5.41 | 25.70 | 1.59 | 1.32 | 4.31 | 7.37 | -0.83 | -0.33 | 1.67 | 0.49 | 7.89 | 35.62 |
NAV | 9.11 | 2.84 | 2.91 | 15.48 | 0.86 | -1.86 | 4.78 | 3.73 | 19.79 | -0.74 | 2.17 | 2.61 | 4.06 | -0.36 | -1.70 | 5.09 | 2.93 | 7.11 | 28.30 |
Difference | -2.90 | -0.00 | -0.60 | -3.77 | -0.77 | 0.96 | -1.94 | -1.69 | -5.92 | -2.33 | 0.85 | -1.71 | -3.31 | 0.47 | -1.37 | 3.42 | 2.45 | -0.78 | -7.32 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | -1.25 | -7.24 | 0.92 | -7.56 | 1.64 | 1.31 | 0.97 | 3.97 | -3.89 | 3.17 | 0.77 | -1.25 | 2.67 | -3.64 | 3.70 | -7.01 | -7.09 | -4.61 | -8.32 |
NAV | 0.27 | -7.89 | 1.35 | -6.40 | 2.53 | 0.23 | 1.91 | 4.73 | -1.97 | 2.77 | -0.44 | -0.94 | 1.36 | -2.75 | 3.30 | -6.68 | -6.25 | -4.98 | -6.85 |
Difference | 1.52 | -0.65 | 0.43 | 1.16 | 0.89 | -1.08 | 0.94 | 0.76 | 1.92 | -0.41 | -1.21 | 0.31 | -1.31 | 0.89 | -0.40 | 0.33 | 0.84 | -0.37 | 1.47 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 6.06 | 2.71 | 1.19 | 10.23 | 4.55 | 3.04 | -0.45 | 7.24 | 18.20 | 2.26 | 0.77 | -1.41 | 1.59 | -0.88 | 0.80 | 0.91 | 0.82 | 2.42 | 21.06 |
NAV | 2.66 | 3.57 | 1.61 | 8.04 | 1.08 | 2.64 | -1.16 | 2.55 | 10.79 | 3.44 | 1.05 | -1.81 | 2.64 | 0.38 | 2.57 | -2.03 | 0.87 | 3.53 | 14.70 |
Difference | -3.40 | 0.87 | 0.41 | -2.19 | -3.47 | -0.39 | -0.70 | -4.69 | -7.41 | 1.18 | 0.29 | -0.40 | 1.05 | 1.26 | 1.77 | -2.94 | 0.05 | 1.11 | -6.36 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -0.57 | 2.06 | 9.65 | 11.28 | 1.98 | 1.47 | 6.14 | 9.83 | 22.22 | 0.94 | -2.66 | 1.96 | 0.17 | -4.01 | -2.01 | 2.06 | -4.00 | -3.83 | 17.54 |
NAV | -0.05 | 0.61 | 9.49 | 10.11 | 1.86 | 0.70 | 6.01 | 8.75 | 19.74 | 0.70 | -3.83 | 1.85 | -1.36 | -3.42 | -3.70 | 3.15 | -4.05 | -5.36 | 13.32 |
Difference | 0.52 | -1.45 | -0.16 | -1.17 | -0.12 | -0.77 | -0.12 | -1.09 | -2.48 | -0.24 | -1.16 | -0.11 | -1.54 | 0.59 | -1.69 | 1.09 | -0.06 | -1.53 | -4.22 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | 0.29 | 0.19 | -1.73 | -1.26 | 2.39 | -1.00 | -6.28 | -5.00 | -6.20 | 0.56 | -4.26 | -4.92 | -8.46 | 7.87 | -4.24 | -1.98 | 1.25 | -7.32 | -13.06 |
NAV | 0.49 | -0.82 | -1.78 | -2.10 | 2.83 | -1.22 | -6.00 | -4.51 | -6.52 | 1.80 | -4.67 | -2.86 | -5.72 | 6.15 | -3.74 | -1.59 | 0.56 | -5.20 | -11.38 |
Difference | 0.20 | -1.01 | -0.05 | -0.84 | 0.44 | -0.22 | 0.28 | 0.49 | -0.32 | 1.25 | -0.40 | 2.06 | 2.74 | -1.72 | 0.50 | 0.39 | -0.70 | 2.12 | 1.68 |
2014 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2014 | |
Price | 0.76 | 4.95 | 1.92 | 7.77 | 2.89 | 3.66 | 3.74 | 10.64 | 19.24 | -2.94 | 3.68 | -3.15 | -2.54 | 2.78 | 2.86 | -1.50 | 4.12 | 1.48 | 21.00 |
NAV | 0.18 | 4.43 | 2.61 | 7.34 | 3.07 | 2.24 | 4.13 | 9.73 | 17.78 | -3.54 | 4.19 | -4.02 | -3.55 | 3.39 | 0.32 | 0.09 | 3.81 | 0.13 | 17.94 |
Difference | -0.58 | -0.52 | 0.69 | -0.43 | 0.18 | -1.42 | 0.38 | -0.92 | -1.46 | -0.60 | 0.51 | -0.87 | -1.01 | 0.61 | -2.53 | 1.59 | -0.31 | -1.34 | -3.06 |
2013 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2013 | |
Price | 7.36 | 0.55 | 3.80 | 12.05 | 3.91 | -5.31 | -1.52 | -3.11 | 8.57 | 2.84 | -4.45 | 4.06 | 2.26 | 3.94 | -1.93 | 2.11 | 4.08 | 6.43 | 15.56 |
NAV | 5.42 | 0.33 | 4.18 | 10.19 | 5.71 | -5.76 | -1.20 | -1.57 | 8.46 | 4.61 | -4.13 | 4.57 | 4.87 | 4.45 | -2.09 | 2.69 | 5.02 | 10.13 | 19.45 |
Difference | -1.94 | -0.22 | 0.38 | -1.86 | 1.80 | -0.45 | 0.32 | 1.53 | -0.11 | 1.77 | 0.31 | 0.50 | 2.61 | 0.51 | -0.16 | 0.58 | 0.94 | 3.70 | 3.89 |
2012 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2012 | |
Price | 3.96 | 1.81 | -0.77 | 5.03 | 1.16 | -4.99 | 4.69 | 0.62 | 5.68 | 3.48 | -0.34 | 0.34 | 3.48 | -1.02 | -3.19 | 0.02 | -4.16 | -0.82 | 4.82 |
NAV | 0.45 | 3.37 | 0.31 | 4.16 | 1.16 | -5.32 | 5.72 | 1.26 | 5.47 | 4.04 | -0.64 | 2.04 | 5.48 | 0.72 | -1.96 | 1.49 | 0.23 | 5.71 | 11.50 |
Difference | -3.51 | 1.56 | 1.08 | -0.87 | 0.00 | -0.33 | 1.03 | 0.64 | -0.21 | 0.56 | -0.30 | 1.70 | 2.00 | 1.75 | 1.23 | 1.47 | 4.38 | 6.53 | 6.69 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount 14.07% |
1Yr Disc 9.89% |
3Yr Disc 12.30% |
5Yr Disc 8.82% |
Rel Disc Range (3yr) 64.90% |
Mkt Yield 7.63% |
Lev Adj NAV Yield 7.07% |
After Tax Yield* 6.59% |
Est Tax Friction* 1.04% |
3Yr NAV Volatiliy 28.82 |
1 Yr RoC 42.65% |
3 Yr Dest RoC 30.95% |
Leverage 23.90% |
Non Lev Exp Ratio 1.35% |
Beta (2yr) 0.80 |
Equity Exposure 92.10% |
Bond Exposure 6.96% |
# Holdings 8 |
Cash Weighted Duration |
|
Comp NAV TR 2.17% |
Comp Discount 7.74% |
Net Assets (M) 1,289 |
Liquidity - 90d (K) 2,928 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
8 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
BUI | BR Util Infra & Pwr OppTr | BlackRock | 12.62 | -3.81 | 6.53 | 33.61 | 0.00 | 515 | 1,289 |
DNP | DNP Sel Incm Fd | Virtus | 12.35 | 27.42 | 6.66 | 28.59 | 26.46 | 3,257 | 4,998 |
DPG | D&P Util & Infra Fd | Virtus | 12.11 | 10.09 | 10.10 | 93.71 | 29.59 | 480 | 1,069 |
GUT | Gabelli Util Tr | Gabelli | 12.26 | 111.75 | 7.74 | 93.50 | 21.00 | 269 | 868 |
MEGI | MainStay CBRE Glbl Infra MTrnd | New York Life | 13.09 | -15.37 | 8.58 | 0.00 | 33.00 | 931 | 3,878 |
MGU | Macquarie Glbl Infra Tot Rtn | Macquarie | 12.58 | -14.99 | 6.44 | 5.61 | 29.76 | 351 | 862 |
UTF | C&S Infra Fd | Cohen&Steers | 12.47 | 0.04 | 7.33 | 3.55 | 30.60 | 2,416 | 3,661 |
UTG | Reaves Util Incm Fd | W.H. Reaves | 12.53 | 1.08 | 7.65 | 0.00 | 20.75 | 2,107 | 6,705 |