UTESReaves Utilities ETF
UTES Fund Description
The Reaves Utilities ETF is an actively managed ETF that holds US-listed utility stocks. UTES' managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics.
UTES Factset Analytics Insight
UTES, launched in September 2015, is the first and only ETF offering active exposure to utility stocks. Active exposure is rare in equity ETFs and especially so among sector funds. The managers will 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. UTES’ fee is in line with its tiny peer group of active sector ETFs, but much higher than peer market-cap-weighted ETFs like VPU and XLU. Reaves Asset Management manages the portfolio day to day—the firm is new to ETFs but runs utilities-oriented mutual funds and SMAs.
UTES MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 17, 2018 the Reaves Utilities ETF MSCI ESG Fund Quality Score is 6.77 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. UTES ranks in the 79th percentile within its peer group and in the 89th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
UTES CHARTS AND PERFORMANCE
UTES Top 10 Countries
UTES Top 10 Sectors
UTES Top 10 Holdings [View All]
UTES Portfolio Management
UTES Tax Exposures
UTES Fund Structure
UTES Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UTES. UTES is rated a 4 out of 5.
UTES Sector/Industry Breakdown
UTES TOP 10 HOLDINGS[View All]
UTES Economic Development
UTES Performance Statistics
UTES MSCI ESG Ratings
UTES BENCHMARK COMPARISON SUMMARY
UTES BENCHMARK COMPARISON MARKET CAP SIZE