Reaves Utility Income Fund
Actively managed U.S. stock closed-end fund
As of its 2026 Q2 report, Reaves Utility Income Fund held 71 positions with $4.05B in net assets. Its ten largest holdings made up 48.5% of the fund. Over the 12 months to May 2026, UTG returned 30.5%, with dividends reinvested. In 2026 Q3 it added 8 new positions and exited 11.
Reaves Utility Income Fund is actively managed U.S. equity closed-end fund.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
9.28% | $376.07M | 1.0M | $372.42 | |
4.79% | $194.29M | 4.5M | $43.65 | |
IDAIDACORP Inc | 4.69% | $190.16M | 1.3M | $147.74 |
4.66% | $188.68M | 602.8K | $313.00 | |
4.37% | $176.98M | 2.1M | $82.95 | |
4.26% | $172.49M | 159.2K | $1,083.46 | |
EQIXEquinix Inc | 4.19% | $169.72M | 156.7K | $1,082.83 |
ETREntergy Corp | 4.17% | $168.80M | 1.4M | $117.91 |
VSTVistra Corp | 4.13% | $167.39M | 1.1M | $157.84 |
4.00% | $162.19M | 2.5M | $66.04 |
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.
All 71 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 122.14% |
| Cash & short-term | 1.18% |
| Derivatives | 0.01% |
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.
By sector
- Utilities
- 52.4%
- Industrials
- 13.6%
- Energy
- 11.2%
- Real Estate
- 6.5%
- 7 other sectors
- 16.3%
- Utilities
- 52.4%
- Industrials
- 13.6%
- Energy
- 11.2%
- Real Estate
- 6.5%
- International
- 5.7%
- Information Technology
- 5.5%
- Materials
- 3.4%
- Other
- 0.8%
- Cash
- 0.5%
- Communication Services
- 0.4%
- Financials
- 0.0%
How it has done
UTG share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.53%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
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
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.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
8 new
11 exited· the largest 8
Understand how this fund fits with the rest.
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