Jeremy Deems - Reaves Utility Independent Chairman of the Board of the Trustee

UTG Fund  USD 32.84  0.13  0.40%   
Jeremy Deems is Fund Manager at Reaves Utility If
Mr. Jeremy W. Deems is Independent Trustee of the Company. Mr. Deems is currently CoFounder and Chief Financial Officer of Green Alpha Advisors, LLC an investment management firm and a coportfolio manager of the Shelton Green Alpha Fund. Mr. Deems was formerly the Chief Financial Officer and Treasurer of Forward Management, LLC, an investment management firm, ReFlow Management Co., LLC, a liquidity resourcing company, and ReFlow Fund, LLC, a private investment fund. Mr. Deems was also Chief Financial Officer and Treasurer of Sutton Place Management, LLC, administrative services company, from 2004 and 2007. Prior to that, Mr. Deems served as Controller of Forward Management, LLC, ReFlow Management Co., LLC, ReFlow Fund, LLC and Sutton Place Management, LLC. Mr. Deems currently serves as Trustee of ALPS ETF Trust, Financial Investors Trust, ALPS Variable Insurance Trust and Elevation ETF Trust. In addition, Mr. Deems held a Certified Public Accountant license from August 2001 to February 2017. Mr. Deems was a Trustee since 2008 for the Fund. Mr. Deems also serves as a Chairman of the Audit Committee and as a member of the Nominating Corporationrationrate Governance Committee
Age 43
Tenure 8 years
Phone800-975-8395
Webhttps://www.utilityincomefund.com/
Deems has further enhanced his experience and skills, in conjunction with the other Trustees, through the Board’s oversight of the Fund officers in dealing with a diverse range of topics, to include but not limited to, portfolio management, legal and regulatory matters, compliance oversight, preparation of financial statements and oversight of the Fund’s multiple service providers.

Reaves Utility Management Performance (%)

The company has Return on Asset of 1.06 % which means that on every $100 spent on assets, it made $1.06 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 2.52 %, implying that it generated $2.52 on every 100 dollars invested. Reaves Utility's management efficiency ratios could be used to measure how well Reaves Utility manages its routine affairs as well as how well it operates its assets and liabilities.
Reaves Utility If has 450 M in debt with debt to equity (D/E) ratio of 0.2, which may show that the company is not taking advantage of profits from borrowing. Debt can assist Reaves Utility until it has trouble settling it off, either with new capital or with free cash flow. So, Reaves Utility's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Reaves Utility If sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Reaves to invest in growth at high rates of return. When we think about Reaves Utility's use of debt, we should always consider it together with cash and equity.

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Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States. Reaves Utility operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange. The fund is not listed under any group at the present time.

Management Performance

Reaves Utility If Leadership Team

Elected by the shareholders, the Reaves Utility's board of directors comprises two types of representatives: Reaves Utility inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reaves. The board's role is to monitor Reaves Utility's management team and ensure that shareholders' interests are well served. Reaves Utility's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reaves Utility's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mary Anstine, Independent Trustee
Jill Kerschen, Treasurer
Jeremy May, Chairman of the Board of Trustee and Presidentident
Larry Papasan, Independent Trustee
Edgar Nordberg, Independent Director, Trustee
Michael Holland, Independent Trustee
Jeremy Deems, Independent Chairman of the Board of the Trustee
Karen Gilomen, Secretary
Bradley Swenson, President
Theodore Uhl, Chief Compliance Officer
Kelly McEwen, Treasurer

Reaves Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Reaves Utility a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Reaves Fund

Reaves Utility financial ratios help investors to determine whether Reaves Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reaves with respect to the benefits of owning Reaves Utility security.
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