Reaves Utility Income Fund (UTG)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Magnus Financial Group Llc	229,669	$9,099,476	0.72%
2.	Oak Family Advisors, Llc	221,173	$8,762,873	2.19%
3.	Sterling Investment Advisors, Ltd.	190,855	$7,561,689	1.47%
4.	Jbr Co Financial Management Inc	144,214	$5,713,759	2.42%
5.	Absolute Investment Advisers Llc	129,661	$5,137,169	0.65%