What is UTG's Investment Objective?
Reaves Utility Income Fund (UTG)'s investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. UTG pursues this objective by investing at least 80% of its total assets in dividend-paying common and preferred stocks and debt instruments of companies within the utility industry. Up to 20% of UTG may be invested in the securities of companies in other industries.
Fund Strategy Highlights
- Managed to seek tax-advantaged dividend income
- Focused on utilities and other essential infrastructure related companies
- Potential for enhanced yield with the use of leverage
To learn more about the Fund, please visit the Resources section.
Performance History
| Cumulative Total Return as of 05/31/2026 | Annual Total Return as of 05/31/2026 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Mo. | 3 Mo. | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception* | ||
| Market Price | -0.67% | 3.03% | 18.29% | 30.43% | 25.44% | 11.88% | 11.05% | 11.01% | |
| NAV | -3.20% | 2.12% | 19.43% | 29.76% | 25.66% | 12.33% | 10.33% | 11.23% | |
*Inception date of 2/24/2004
The market price of a closed-end fund is based on the market value.
Past performance cannot predict future results. Performance will fluctuate with changes in market
conditions. Current performance may be lower or higher than the performance data shown. Performance
information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions
or the sale of Fund shares. An investment in the Fund involves risk, including loss of principal.
Top 10 Holdings
As of 05/31/2026| Company Name | Ticker | % of Total Net Assets* |
|---|---|---|
| Talen Energy Corp. | TLN | 10.00% |
| Entergy Corp. | ETR | 6.35% |
| CenterPoint Energy, Inc. | CNP | 4.82% |
| Vistra Corp. | VST | 4.68% |
| IDACORP, Inc. | IDA | 4.62% |
| Constellation Energy Corp. | CEG | 4.44% |
| Xcel Energy, Inc. | XEL | 4.34% |
| Equinix, Inc. | EQIX | 4.29% |
| MP Materials Corp. | MP | 4.07% |
| GE Vernova, Inc. | GEV | 3.95% |
| Total | 51.56% | |
Holdings are subject to change.*Total Net Assets are defined as the Fund's total assets minus debt and other liabilities.According to the Fund's holding disclosure policy, as approved by the Board of Trustees, the release of the partial holdings information will be delayed at least 15 days.
View Full HoldingsDistribution History
Note: There can be no guarantee that dividends will be paid or that the rate will remain the same.