Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W H Reaves Company Inc The fund invests in public equity and fixed income markets of the United States It seeks to invest in securities of companies operating in the Utilities sector The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations It employs a combination of quantitative and fundamental analysis with bottomup stock picking approach to create its portfolio Reaves Utility Income Fund was formed on September 15 2003 and is domiciled in the United States