Reaves Utility Income Fund

Reaves Utility Income Fund

Actively managed U.S. equity closed-end fund
$4.05B NAV
71 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Reaves Utility Income Fund is an actively managed U.S. equity closed-end fund.

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Closed-end fund

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

123.33%
of net assets
Stocks122.14%
Cash & short-term1.18%
Derivatives0.01%

These positions come to 123.33% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Utilities52.1%
Industrials12.2%
Energy10.4%
International6.9%
7 smaller18.5%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 13 new12 exited

Largest new: CP, USAR, LNG, NFG, ODFL, MWH, ALB, XE

Largest exited: USA RARE EARTH, INC. - RESTRICTED SHARES, OKE, NSC, NATIONAL FUEL GAS CO - RESTRICTED SHARES, CMCSA, Telenor ASA, CVX, CCOI

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+39.39%
3-year
+85.77%
5-year
+78.47%
Volatility
18.57%
Worst 3-yr fall
-11.44%
Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Talen Energy CorpTLN9.28%$376.07M
CenterPoint Energy IncCNP4.79%$194.29M
IDACORP IncIDA4.69%$190.16M
Constellation Energy CorpCEG4.66%$188.68M
Xcel Energy IncXEL4.37%$176.98M
GE Vernova IncGEV4.26%$172.49M
Equinix IncEQIX4.19%$169.72M
Entergy CorpETR4.17%$168.80M
Vistra CorpVST4.13%$167.39M
MP Materials CorpMP4.00%$162.19M
Showing 10 of 71Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 48.53% of net assets, top 25 91.67%, across 69 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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