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    Reaves Utilities and Energy Infras Instl (RSRFX)

    11.11 Up 0.03(0.27%) May 27

    Profile as of Apr 29, 2016Get Profile for:
    Reaves Utilities and Energy Infras Instl
    Advisors Inner Circle Fund II (Reaves)P.O. Box 219009Kansas City, MO 64121-9009
    Phone: 866-342-7058
    Fund Overview 
    Fund Family:Reaves Select Research
    Net Assets:50.51M
    Year-to-Date Return:12.28%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 22, 2004
    Morningstar Style Box 
    [View Category Definition]
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    Management Information 
    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).
    Investment Information 
    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
    RSRFX can be purchased from 25 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend (Mar 29, 2016) : 0.02
    Last Cap Gain : 0.00
    Annual Holdings Turnover (May 25, 2016) : 62.00%
    Average for Category:67.66%
    Fees & Expenses 
    ExpenseRSRFXCategory Avg
    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/AN/A
    Max Front End Sales Load:N/A5.44%
    Max Deferred Sales Load: N/A1.57%
    3 Yr Expense Projection*:415653
    5 Yr Expense Projection*:7181,083
    10 Yr Expense Projection*:1,5792,227
    * Per $10,000 invested