Reaves Utility Income Fund

Reaves Utility Income Fund (UTG) is a closed-ended balanced mutual fund that invests in the public equity and fixed income markets of the United States. The fund focuses on securities of companies operating in the Utilities sector, primarily investing in dividend-paying stocks and debt instruments. It targets companies across all market capitalizations and uses a combination of quantitative and fundamental analysis with a bottom-up stock picking approach to build its portfolio. The fund is managed by W. H. Reaves & Company, Inc. and aims to provide income and capital appreciation through investments in utility-related assets.

Reaves Utility Income Fund (UTG) is listed on the NYSE American exchange, which is a U.S. stock exchange. The fund trades in U.S. dollars (USD), as it is domiciled in the United States and its investments are primarily in U.S. markets. Investors can buy and sell shares of UTG on the NYSE American during regular trading hours, and the fund's financial statements and dividends are denominated in USD.

Reaves Utility Income Fund (UTG) operates in the Financial Services sector and is classified under the Asset Management industry. As a closed-ended mutual fund, it falls under asset management because it pools investor capital to invest in a diversified portfolio of securities. While its investments are concentrated in the Utilities sector, the fund itself is a financial product managed by an investment firm, hence its sector and industry classification reflect its business as an investment vehicle rather than the sectors of its underlying holdings.

Reaves Utility Income Fund (UTG) is domiciled in the United States and is managed by W. H. Reaves & Company, Inc., which is based in the U.S. The fund primarily invests in the U.S. public equity and fixed income markets, focusing on companies operating in the Utilities sector. While its investments are domestic, the fund is available to investors globally through the NYSE American exchange. Its target market includes income-seeking investors who want exposure to U.S. utility companies through a professionally managed portfolio.

Reaves Utility Income Fund (UTG) generates returns by investing in a balanced portfolio of dividend-paying stocks and debt instruments issued by U.S. utility companies. The fund employs a bottom-up stock picking approach combined with quantitative and fundamental analysis to select securities across all market capitalizations. Income is primarily derived from dividends and interest payments on the securities it holds, while capital appreciation may result from increases in the market value of its investments. As a closed-ended fund, it may also use leverage to enhance returns, though this is not explicitly stated in the provided data.