# Reaves Utility Income Fund (UTG): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Thematic · Inception: 2004-02-24

Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15,...

## Key Facts

| Metric | Value |
|---|---|
| Price | $35.60 |
| Expense Ratio | 2.09% |
| Assets Under Management | $3.25B |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | 6.83% |
| Annual Distribution (TTM) | $2.43 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $33.53 – $43.90 |
| Beta | 0.85 |

## Latest Distribution

- Amount: $0.2100 /share
- Ex-date: 2026-12-17
- Pay date: 2026-12-30

## Frequently Asked Questions

### What does UTG invest in?

Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.

### What is the expense ratio of UTG?

Reaves Utility Income Fund (UTG) charges an expense ratio of 2.09%. This is the annual fee deducted from fund assets to cover management and operations.

### What is UTG's dividend yield?

UTG's trailing-twelve-month yield is 6.83%, calculated from the sum of dividends over the past year divided by the current price.

### How big is UTG?

Reaves Utility Income Fund (UTG) manages $3.25B 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 UTG actively managed or an index fund?

UTG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

### When was UTG launched?

Reaves Utility Income Fund (UTG) launched in February 2004 and is managed by the fund issuer.

### Does UTG pay a dividend?

Yes, Reaves Utility Income Fund (UTG) distributes dividends to shareholders. The trailing-twelve-month yield is 6.83%. Full dividend history is on this page.

### How often does UTG pay dividends?

Reaves Utility Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is UTG's next ex-dividend date?

The most recently announced ex-dividend date for UTG was 2026-12-17. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will UTG's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 2.09% 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 UTG charge its expense ratio?

The expense ratio is deducted in tiny daily slices from UTG'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 UTG cost more than a fund like VOO?

UTG's strategy (current expense ratio 2.09%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where UTG sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to UTG?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as UTG (2.09%) 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/utg
- Distribution history: https://www.dividenddata.com/funds/utg/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/utg/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/utg/expenses
- Peer comparison: https://www.dividenddata.com/funds/utg/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.