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About Virtus Reaves Utilities ETF
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Inception date
Sep 23, 2015
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
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.
Classification
What's in the fund
Exposure type
Utilities
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.