|Reaves Utilities and Energy Infras Instl|
Advisors Inner Circle Fund II (Reaves)P.O. Box 219009Kansas City, MO 64121-9009
|Fund Family:||Reaves Select Research|
|Fund Inception Date:||Dec 22, 2004|
|Ronald J. Sorenson|
Lead Manager since Dec 22, 2004
|Chairman, Chief Executive Officer, Chief Investment Officer and Portfolio Manager
Ronald J. Sorenson joined W. H. Reaves & Co. in 1991.
Mr. Sorenson was elected Vice Chairman and Chief Executive Officer in September, 2005 after previously holding the position of Chief Investment Officer. He is also responsible for portfolio management and development of private client accounts.
Before joining W. H. Reaves, Mr. Sorenson was a co-owner and Portfolio Manager of an investment advisory firm, PVF Inc. He was also Director of the BMC Fund Inc., a closely held mutual fund. He has more than 31 years experience in the investment industry and has served as Chairman of the Board for American Life Insurance Company of New York.
For nine years Mr. Sorenson lived in London, England where he was engaged, on behalf of private investors, in managing investments in the United States in both listed securities and private equity. Before moving to London, Mr. Sorenson practiced public accounting with Arthur Young & Co. where he gained experience with companies in a variety of industries, including energy and technology.
Mr. Sorenson received an undergraduate degree from Stanford University and an MBA degree from Columbia University, where he concentrated in Accounting and Finance. He is a Certified Public Accountant.
Mr. Sorenson is responsible for portfolio strategies, portfolio construction and risk evaluation at Reaves Asset Management. He currently manages the firm's closed-end fund (Reaves Utility Income Fund) and the open-end mutual fund (Reaves Utilities and Energy Infrastructure Fund).|
|Min Initial Investment:||1,000,000|
|Min Initial Investment, IRA:||N/A|
|Min Initial Investment, AIP:||N/A|
|Min Subsequent Investment:||N/A|
|Min Subsequent Investment, IRA:||N/A|
|Min Subsequent Investment, AIP:||N/A||
|The investment seeks total return from income and capital growth.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of domestic and foreign public utilities and energy companies. It has adopted a policy to concentrate its investments (invest at least 25% of its assets) in companies involved to a significant extent in the Utilities and/or Energy Industries. The fund may invest in municipal utility companies, including rural electric cooperatives and similar organizations.|
(Mar 29, 2016)
|Last Cap Gain
|Annual Holdings Turnover
(May 25, 2016)
|Average for Category:||67.66%|
|Annual Report Expense Ratio (net):||1.30%||1.38%|
|Prospectus Net Expense Ratio:||1.31%||N/A|
|Prospectus Gross Expense Ratio:||1.31%||N/A|
|Max 12b1 Fee:||N/A||N/A|
|Max Front End Sales Load:||N/A||5.44%|
|Max Deferred Sales Load:
|3 Yr Expense Projection*:||415||653|
|5 Yr Expense Projection*:||718||1,083|
|10 Yr Expense Projection*:||1,579||2,227|