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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Virtus Reaves Utilities ETF

UTES | Active ETF

$53.11

$55.8 M

1.95%

$1.04

0.49%

Vitals

YTD Return

19.6%

1 yr return

17.0%

3 Yr Avg Return

10.4%

5 Yr Avg Return

8.7%

Net Assets

$55.8 M

Holdings in Top 10

59.7%

52 WEEK LOW AND HIGH

$53.4
$39.65
$55.34

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Virtus Reaves Utilities ETF

UTES | Active ETF

$53.11

$55.8 M

1.95%

$1.04

0.49%

UTES - Profile

Distributions

  • YTD Total Return 19.6%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Virtus Reaves Utilities ETF
  • Fund Family Name
    Virtus ETFs
  • Inception Date
    Sep 23, 2015
  • Shares Outstanding
    1050004
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Bartlett

Fund Description

Under normal market conditions, the Fund invests not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies in the Utility Sector (“Utility Sector Companies”). The Fund considers a company to be a “Utility Sector Company” if at least 50% of the company’s assets or customers are committed to, or at least 50% of the company’s revenues, gross income or profits derive from, the provision of products, services or equipment for the generation or distribution of electricity, gas or water. The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified index of securities. Instead, it uses an active investment strategy that seeks to meet its investment objective.

W. H. Reaves & Co., Inc. d/b/a Reaves Asset Management, the Fund’s investment sub-adviser (the “Sub-Adviser” or “Reaves Asset Management”), manages the Fund’s assets using a value-based, bottom-up stock selection approach. In making investment decisions, the Sub-Adviser primarily invests in common stocks of Utility Sector Companies that the Sub-Adviser deems to be attractive based on the potential for growth of income and capital appreciation over time. While the Sub-Adviser may consider a number of factors in making investment decisions, the Sub-Adviser generally seeks to acquire Utility Sector Companies that have or reflect one or more of the following characteristics:

conservative capital structures;

solid balance sheets;

history of and/or potential for growing earnings and raising dividends;

positive catalysts that may unlock value; and/or

lower-than-market levels of volatility, correlation or similar characteristics.

Although the Fund may invest in foreign Utility Sector Companies, including, without limitation, through investments in American Depositary Receipts (“ADRs”), the Fund will invest primarily in U.S. Utility Sector Companies. The Fund may invest in securities of issuers of any market capitalization.

The Fund’s investments are concentrated in the securities of issuers engaged primarily in utilities-related industries (i.e., Utility Sector Companies).

The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can.

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UTES - Performance

Return Ranking - Trailing

Period UTES Return Category Return Low Category Return High Rank in Category (%)
YTD 19.6% -8.3% 19.6% 1.67%
1 Yr 17.0% -15.2% 21.5% 3.39%
3 Yr 10.4%* -14.6% 10.0% 1.69%
5 Yr 8.7%* -10.9% 8.8% 3.45%
10 Yr N/A* -3.5% 9.0% 78.57%

* Annualized

Return Ranking - Calendar

Period UTES Return Category Return Low Category Return High Rank in Category (%)
2023 -4.8% -20.0% 0.8% 13.56%
2022 -1.4% -21.0% 3.5% 23.73%
2021 18.2% 0.2% 26.5% 3.39%
2020 -2.6% -18.4% 8.1% 40.68%
2019 23.1% 7.0% 26.2% 3.45%

Total Return Ranking - Trailing

Period UTES Return Category Return Low Category Return High Rank in Category (%)
YTD 19.6% -8.3% 19.6% 1.67%
1 Yr 17.0% -15.2% 21.5% 3.39%
3 Yr 10.4%* -14.6% 10.0% 1.69%
5 Yr 8.7%* -10.9% 8.8% 3.45%
10 Yr N/A* -3.5% 9.0% N/A

* Annualized

Total Return Ranking - Calendar

Period UTES Return Category Return Low Category Return High Rank in Category (%)
2023 -2.4% -19.5% 3.4% 32.20%
2022 0.8% -19.7% 19.1% 45.76%
2021 20.7% 5.6% 30.1% 6.78%
2020 -0.3% -18.1% 9.0% 50.85%
2019 25.5% 9.7% 29.4% 37.93%

UTES - Holdings

Concentration Analysis

UTES Category Low Category High UTES % Rank
Net Assets 55.8 M 14.9 M 11.9 B 83.33%
Number of Holdings 22 21 219 96.67%
Net Assets in Top 10 29.8 M 5.26 M 7.36 B 83.33%
Weighting of Top 10 59.66% 25.6% 77.3% 18.33%

Top 10 Holdings

  1. NEXTERA ENERGY INC 7.31%
  2. PGE Corp 6.99%
  3. Sempra 6.48%
  4. PUBLIC SERVICE ENTERPRISE GROUP INC 6.46%
  5. Vistra Corp 6.01%
  6. Constellation Energy Corp 5.83%
  7. DTE ENERGY CO 5.59%
  8. Edison International 5.24%
  9. CenterPoint Energy Inc 4.92%
  10. XCEL ENERGY INC 4.83%

Asset Allocation

Weighting Return Low Return High UTES % Rank
Stocks
99.67% 0.00% 115.46% 25.00%
Cash
0.33% -15.47% 32.00% 86.67%
Preferred Stocks
0.00% 0.00% 0.03% 31.67%
Other
0.00% -33.23% 0.35% 53.33%
Convertible Bonds
0.00% 0.00% 0.00% 31.67%
Bonds
0.00% 0.00% 98.86% 38.33%

Stock Sector Breakdown

Weighting Return Low Return High UTES % Rank
Utilities
100.00% 50.08% 100.00% 1.67%
Technology
0.00% 0.00% 6.09% 56.67%
Real Estate
0.00% 0.00% 13.29% 48.33%
Industrials
0.00% 0.00% 27.59% 63.33%
Healthcare
0.00% 0.00% 3.34% 35.00%
Financial Services
0.00% 0.00% 4.98% 40.00%
Energy
0.00% 0.00% 31.61% 81.67%
Communication Services
0.00% 0.00% 47.17% 70.00%
Consumer Defense
0.00% 0.00% 0.56% 35.00%
Consumer Cyclical
0.00% 0.00% 2.09% 33.33%
Basic Materials
0.00% 0.00% 4.68% 36.67%

Stock Geographic Breakdown

Weighting Return Low Return High UTES % Rank
US
99.67% 0.00% 101.53% 16.67%
Non US
0.00% 0.00% 47.25% 75.00%

UTES - Expenses

Operational Fees

UTES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.08% 2.50% 88.33%
Management Fee 0.49% 0.03% 1.00% 36.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.26% N/A

Sales Fees

UTES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

UTES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UTES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 3.00% 209.00% 59.65%

UTES - Distributions

Dividend Yield Analysis

UTES Category Low Category High UTES % Rank
Dividend Yield 1.95% 0.00% 9.34% 66.67%

Dividend Distribution Analysis

UTES Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

UTES Category Low Category High UTES % Rank
Net Income Ratio 2.10% 0.31% 7.85% 36.67%

Capital Gain Distribution Analysis

UTES Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

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UTES - Fund Manager Analysis

Managers

John Bartlett


Start Date

Tenure

Tenure Rank

Sep 23, 2015

6.69

6.7%

John P. Bartlett, CFA President, Portfolio Manager, Analyst John Bartlett joined Reaves Asset Management in 1995 and was named President of the firm in July 2019. John is a co-portfolio manager of the Reaves Utility Income Fund and co-manages the Virtus Reaves Utilities ETF. He also specializes in the equity analysis of utilities companies. John received a B.A. from Connecticut College and is a CFA Charterholder.

Joseph (Jay) Rhame


Start Date

Tenure

Tenure Rank

Sep 23, 2015

6.69

6.7%

Jay Rhame, CFA Chief Executive Officer, Portfolio Manager Jay Rhame joined Reaves Asset Management in 2005 and was named Chief Executive Officer in January 2019. Previously he served as a telecommunications, energy, and utility analyst. Jay also is a co-portfolio manager of the Virtus Reaves Utilities ETF and co-manages the Reaves Utility Income Fund UCITS. He is a member of the portfolio review and risk management committees. Jay received a B.A. from St. Mary’s College of Maryland and is a CFA Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.43 10.19 8.09