Key stats
About Virtus Reaves Utilities ETF
Home page
Inception date
Sep 23, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Virtus Advisers LLC
Distributor
VP Distributors LLC
ISIN
US26923G8069
UTES offers active exposure to utility stocks. Active exposure is rare among sector funds, especially with respect to utilities. The managers use fundamental, growth, and risk-based metrics looking to outperform the broader sector from a total return perspective. Examples of the metrics include capital structure, historical earnings growth and share price volatility. Dividends are a factor too, but the fund does not appear to be yield-focused despite its dividend-heavy sector. Reaves Asset Management manages the portfolio day to day in addition to this ETF, the firm runs utilities-oriented mutual funds and SMAs.
Related funds
Classification
What's in the fund
Exposure type
Utilities
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
UTES assets under management is 808.03 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
UTES invests in stocks. See more details in our Analysis section.
UTES expense ratio is 0.49%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, UTES isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, UTES pays dividends to its holders with the dividend yield of 1.19%.
UTES shares are issued by Virtus Investment Partners, Inc.
UTES follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 23, 2015.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.