Reaves Utilities ETF ETF.com segment: Equity: U.S. Utilities Competing ETFs: XLU, VPU, IDU, FUTY, PSCU Related ETF Channels: North America, No Underlying Index, U.S., Active Management, Alpha-Seeking, Equity, Sectors, Utilities, Broad-based Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. D 86 FUND DESCRIPTION The Reaves Utilities ETF is an actively managed ETF that holds US-listed utility stocks. ' managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. FACTSET ANALYTICS INSIGHT, 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 yieldfocused despite its dividend-heavy sector. 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. 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 September 19, 2018 the Reaves Utilities ETF MSCI ESG Fund Quality Score is 6.79 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. 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. SUMMARY DATA Issuer Brand Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology Virtus Reaves 09/23/15 Open-Ended Fund 0.95% $13.85M $18.58K 0.19% $27.72B 20.22 2.05 2.20% N/A 23 No Underlying Index Proprietary Proprietary Thomson Reuters US Utilities
1 Year Daily Price ($) 36.00 34.00 32.00 30.00 Oct Nov Dec `18 Feb Mar Apr May Jun Jul Aug Sep 100k PERFORMANCE [as of 09/19/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1.68% 10.69% 7.18% 4.21% (NAV) -1.88% 5.19% 5.27% 2.34% No Underlying Index Thomson Reuters US Utilities All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 100.00% TOP 10 SECTORS Electric Utilities & IPPs Multiline Utilities Natural Gas Utilities Water Utilities Residential & Commercia 58.00% 21.82% 10.40% 5.32% 4.46% TOP 10 HOLDINGS NextEra Energy, Inc. 15.49% WEC Energy Group Inc 4.84% Sempra Energy 7.26% CMS Energy Corporation 4.70% DTE Energy Company 6.39% NextEra Energy Partners 4.69% NiSource Inc 5.50% Dominion Energy Inc 4.67% American Water Works C 5.14% Eversource Energy 4.60% Total Top 10 Weighting 63.28%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.95% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% 0.55% Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No No No Policy N/A ETN Counterparty Risk N/A Fund Closure Risk High Portfolio Disclosure Daily
Daily Spread 0.6% FACTSET ANALYTICS BLOCK LIQUIDITY As of 09/20/18 0.5% 0.4% 0.3% 0.2% 0.1% 0% 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 4 out of 5. Premium/Discount 5.0% 2.5% TRADABILITY Avg. Daily Share 364 0.0% Average Daily $ $18.58K -2.5% Median Daily Share 87-5.0% 100k 75k 50k 25k Median Daily ($) Average Spread (%) Average Spread ($) $7.19K 0.19% $0.06 Oct Dec Feb Apr May Jul Sep Median Premium / Discount (12 Mo) -0.13% Max. Premium / Discount (12 Mo) 2.94% / -3.12% Impediment to Creations None Market Hours Overlap 100.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 0.00 Creation Unit Cost (%) 0.03% Underlying / Unit 0.30% Open Interest on ETF Options Net Asset Value (Yesterday) $33.91 ETF.com Implied Liquidity 4
SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Electric Utilities & IPPs Multiline Utilities Natural Gas Utilities 58.00% 75.94% 21.82% 13.23% 10.40% 5.83% NextEra Energy, Inc. Sempra Energy DTE Energy Company NiSource Inc American Water Works Company, Inc. WEC Energy Group Inc CMS Energy Corporation NextEra Energy Partners LP 15.49% 7.26% 6.39% 5.50% 5.14% 4.84% 4.70% 4.69% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.95 0.95 0.91 0.97 0.18% Thomson Reuters US Utilities Water Utilities Residential & Commercial REITs 5.32% 3.29% 4.46% Dominion Energy Inc Eversource Energy Total Top 10 Weighting 4.67% 4.60% 63.28% MSCI ESG RATINGS MSCI ESG Quality Score Peer Group Percentile Rank 6.79 / 10 79.31 COUNTRIES United States 100.00% 100.00% Global Percentile Rank SRI Screening Criteria Exposure Exposure to Sustainable Impact Solutions 88.73 47.30% 10.89% REGIONS Weighted Average Carbon Intensity (t CO2e/$M Sales) 1,789.82 North America 100.00% 100.00% ECONOMIC DEVELOPMENT Developed Countries 100.00% 100.00% BENCHMARK COMPARISON HOLDINGS Number of Holdings Constituents Shared Holdings Shared Holdings Weight 23 67 21 45.98% BENCHMARK COMPARISON SUMMARY Number of Holdings 23 67 Weighted Average Market Cap $27.72B $31.23B Price / Earnings Ratio Price / Book Ratio Dividend Yield 20.22 21.73 2.05 1.92 3.15% 3.35% Concentration
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