Reaves Long-Term Value Wrap Strategy’s Q3 2026 Investor Letter

Reaves W H & Co Inc released its third-quarter 2026 investor letter for “Reaves Long-Term Value Strategy”. The Reaves Long-Term Value Wrap Composite saw an 11.83% decline before fees in Q3, underperforming the MSCI USA Infrastructure Index’s -5.73%, though it gained 7.88% in the first nine months of 2026, outperforming the index. The weighted average cash distributions from portfolio companies rose by 6.5% compared to Q3 2025. The challenging macroeconomic landscape, characterized by...