Utilities Sector Funds
Utilities sector funds have taken a beating in 2013. In 2014, utilities stocks have been outperforming the other sectors. These utilities funds provide opportunity for investors to earn high yield income through dividend. Investing in closed end funds also provides value opportunity for you. Some of the closed end funds are undervalued hence its net asset value/price can be higher than its market price.This utilities closed end funds are sorted based on its year to date performance in 2014. You can find the fund review below. Other fund information such as fund assets, yield, expense ratio, top holdings, return, and fund manager can be found below. You can buy these funds for your brokerage or retirement account including traditional IRA or Roth IRA.
Top Closed End Funds 2014
Top utilities closed end funds 2014 are:- Reaves Utility Income
- Macquarie Global Infrastructure Total Return Fund
- Wells Fargo Advantage Utilities & High Income
- Cohen & Steers Infrastructure
- BlackRock Utility & Infrastructure Trust
- Gabelli Utility Trust
- Duff&Phelps Global Utility Income
- Mac/First Global Infrastructure
- Gabelli Global Utility & Income
Reaves Utility Income Fund (UTG)
Reaves Utility Income Fund utilizes its assets to purchase domestic and foreign utility companies and various money market instruments. The fund managers are William A Ferer and Ronald J Sorenson. This top utilities closed end fund 2014 has a dividend yield of 5.86%. The total assets are $1.15 billion.More: Best Roth IRA Funds
In 2014, the YTD return is 14.01%. This sector stock fund has returned 16.43% over the past 3 years, and 30.70% over the past 5 years. Morningstar has ranked it with 3 stars rating. The top 3 sectors are general equity (93%), MLP (4.68%), and money market (0.6%).
As of February 2014, the top 5 stocks in its portfolio are: Nextera Energy, ITC Holdings Corp, Verizon Communications Inc, DTE Energy Company and AT&T Inc.
Macquarie Global Infrastructure Total Return Fund (MGU)
This Macquarie Global Infrastructure Total Return Fund is a four star closed end fund. Its market price is currently $24.19. The total market value sis $301 million. This CEF has a yield of 5.79%. The market price is 10.87% lower than its net asset value (NAV). Its expense ratio fee is 2.10% including interest expense of 0.36%.As one of top utilities closed end funds 2014, it has a 5 years average return of 24.84%. In 2014, it has a year to date return of 11.13%. It currently has 52 holdings in its portfolio. The top 4 stocks in its holdings are Enbridge Inc, Transurban Group, National Grid Plc, and Groupe Eurotunnel SA.
Wells Fargo Advantage Utilities & High Income (ERH)
Wells Fargo Advantage Utilities & High Income has a high dividend yield of 7.11%. This closed end fund invests mainly in US non-investment grade debt securities, preferred and convertible preferred stocks and convertible debentures of utility companies. Its assets are totaling $147 million. The current expense ratio fee is 1.30%.In 2014, the year to date return is 9.94%. The 3 year annualized return is 10.24%. The top 3 sectors are general equity (55.63%), corporate debt (23.89%), and preferred shares debt (12.96%). Top 3 holdings are Deutsche Post AG, Suez Environnement Company SA, and American Electric Power Co Inc.
Fund Performance
| No | Fund Name | Ticker | NAV Price | Yield | Market Cap | YTD Return % |
|---|---|---|---|---|---|---|
| 1 | Reaves Utility Income | UTG | $29.98 | 5.86% | $818M | 14.01% |
| 2 | Macquarie Glb Infrast TR Fund | MGU | $27.14 | 5.79% | $302M | 11.13% |
| 3 | Wells Fargo Adv Util & High In | ERH | $13.57 | 7.11% | $117M | 9.94% |
| 4 | Cohen & Steers Infrastructure | UTF | $25.55 | 6.67% | $1,902M | 9.61% |
| 5 | BlackRock Util & Infra Trust | BUI | $21.89 | 7.59% | $323M | 9.04% |
| 6 | Gabelli Utility Trust | GUT | $6.10 | 8.90% | $281M | 8.89% |
| 7 | Duff&Phelps Global Utility Inc | DPG | $23.03 | 6.93% | $766M | 7.76% |
| 8 | Mac/First Glb Infrastructure | MFD | $18.39 | 8.05% | $148M | 6.09% |
| 9 | Gabelli Global Utility & Inc | GLU | $22.45 | 6.05% | $82M | 1.04% |
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