Virtus Reaves Utilities ETF

Frequently Asked Questions About UTES

What does UTES invest in?

The Fund seeks to provide total return through a combination of capital appreciation and income. The Fund invests not less than 80% of its total assets in equity securities of companies in the Utility Sector. It is an actively managed ETF and does not seek to replicate the performance of a specified passive index.

What is the expense ratio of UTES?

Virtus Reaves Utilities ETF (UTES) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UTES?

Virtus Reaves Utilities ETF (UTES) manages $1.16B 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 UTES actively managed or an index fund?

UTES is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (UTES's is 0.49%) in exchange for the discretion to over- or under-weight positions.

When was UTES launched?

Virtus Reaves Utilities ETF (UTES) launched in September 2015 and is managed by Virtus.

How has UTES performed?

UTES'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.