Products

Separately Managed
Accounts



Performance



Risk/Return Profile



Up/Down Capture Ratios



Portfolio Characteristics



Endnotes/Disclosures



 Quarterly Report (PDF)



Reaves Select
Research Fund



Reaves Utility
Income Fund
 
 



 
 
 
 
 
 
 
 
  Up/Down Capture Ratios
   
 


Up/Down Capture Ratios (3) (net of fees) 01/01/78 to 9/30/08 (5)

Quarterly
Return Range
for S&P 500		 -8%
or lower		   -8%
to -4%		   -4%
to 0%		   0%
to 4%		   4%
to 8%		   8%
to 12%		   12% or more  
Number of
Quarters
(121 total)
   10   8   18   28   28   19   12  

See endnotes for important disclosures and index definitions including ERISA comparisons.