# Reaves Infrastructure Fund Class Inst (RSRFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rsrfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2004-12-27 Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of domestic and foreign public infrastructure companies. The adviser considers a company to be involved to a significant extent in the Utilities and/or the Energy Industry, as applicable, if at least 50% of its assets, gross income or profits are committed to or derived from Utilities or Energy. ## Key Facts | Metric | Value | |---|---| | Price | $11.42 | | Expense Ratio | 2.01% | | Assets Under Management | $35.3M | | NAV | $11.42 (2026-10-29 close) | | Holdings Count | — | | Distribution Yield (TTM) | 10.34% | | Annual Distribution (TTM) | $1.18 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $10.16 – $13.00 | | Beta | 0.86 | ## Latest Distribution - Amount: $0.0100 /share - Ex-date: 2026-06-29 - Pay date: 2026-06-30 ## Frequently Asked Questions ### What does RSRFX invest in? Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of domestic and foreign public infrastructure companies. The adviser considers a company to be involved to a significant extent in the Utilities and/or the Energy Industry, as applicable, if at least 50% of its assets, gross income or profits are committed to or derived from Utilities or Energy. ### What is the expense ratio of RSRFX? Reaves Infrastructure Fund Class Inst (RSRFX) charges an expense ratio of 2.01%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RSRFX? Reaves Infrastructure Fund Class Inst (RSRFX) manages $35.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RSRFX actively managed or an index fund? RSRFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RSRFX's is 2.01%) in exchange for the discretion to over- or under-weight positions. ### When was RSRFX launched? Reaves Infrastructure Fund Class Inst (RSRFX) launched in December 2004 and is managed by the fund issuer. ### How has RSRFX performed? RSRFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RSRFX pay a dividend? Reaves Infrastructure Fund Class Inst (RSRFX) currently distributes little or no income. Trailing-twelve-month yield is 10.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RSRFX pay dividends? Reaves Infrastructure Fund Class Inst pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RSRFX's dividend yield? RSRFX's trailing-twelve-month yield is 10.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is RSRFX's next ex-dividend date? The most recently announced ex-dividend date for RSRFX was 2026-06-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will RSRFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.01% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RSRFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RSRFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RSRFX cost more than a fund like VOO? RSRFX is actively managed (current expense ratio 2.01%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RSRFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RSRFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RSRFX (2.01%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rsrfx - Distribution history: https://www.dividenddata.com/funds/rsrfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rsrfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rsrfx/expenses - Peer comparison: https://www.dividenddata.com/funds/rsrfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.