ABOUT US PORTFOLIOS RESOURCES BLOG CONTACT FORM CRS THE CASE FOR ESSENTIAL SERVICES INFRASTRUCTURE. DOWNLOAD HERE. Reaves Asset Management Blog 2021 Nov 16 What Could Green Hydrogen Mean for Utility Companies? 2021 Nov 10 With the Holidays Approaching, E-Commerce Infrastructure Proves Essential 2021 Nov 4 Low Beta vs. High Beta: Different Ride, Similar Destination 2021 Oct 27 Q3 Update on Dividend Growth 2021 Oct 19 The Infrastructure Supporting “Nearshoring” 2021 Oct 6 Reconsidering 60/40 2021 Sep 28 First Take: What Could Biden’s Clean Electricity Targets Mean for Utility Investors? 2021 Sep 21 Utilities Sector: Two Stats Investors Should Know 2021 Sep 9 One Chart May Illustrate the Trouble with a 40% Bond Allocation 2021 Sep 1 High Time for Low Beta? Next Reaves Asset Management is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration does not imply any skill or training. Reaves is a privately held, independently-owned “S” corporation organized under the laws of the State of Delaware. The information provided in this blog does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Investors should consider the investment objective, risks, charges and expenses of all investments carefully before investing. Any projections, outlooks or estimates contained herein are forward looking statements based upon specific assumptions and should not be construed as indicative of any actual events that have occurred or may occur. Past performance is no guarantee of future results. All investments involve risk, including loss of principal. All data is presented in U.S. dollars. Important Tax Information: Reaves Asset Management and its employees are not in the business of providing tax or legal advice to taxpayers. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax adviser. Business Continuity Plan Summary Terms Of Use Privacy Policy Cookie Policy Endnotes/Disclosures © Copyright 2021 Reaves Asset Management (W. H. Reaves & Co., Inc.)

ABOUT US PORTFOLIOS RESOURCES BLOG CONTACT FORM CRS RECEIVE OUR INSIGHTS Philosophy Reaves Asset Management believes that a team of industry specialists utilizing fundamental research focused on specific sectors of the equity market can create an investment advantage which over time leads to competitive risk-adjusted returns. Process EXPERTISE IN INFRASTRUCTURE We aim to generate high single-digit returns with lower market... READ MORE RIGOROUS INDEPENDENT RESEARCH Our research process begins with a thorough qualitative assessment of... READ MORE PORTFOLIO MANAGEMENT DISCIPLINE Portfolios are constructed bottom-up based on the best ideas of... READ MORE Business Continuity Plan Summary Terms Of Use Privacy Policy Cookie Policy Endnotes/Disclosures © Copyright 2021 Reaves Asset Management (W. H. Reaves & Co., Inc.)