ABOUT US PORTFOLIOS RESOURCES BLOG CONTACT FORM CRS RECEIVE OUR INSIGHTS Reaves Utilities and Energy Infrastructure Fund Ticker: (RSRFX) The Reaves Utilities and Energy Infrastructure Fund is a registered, open-end mutual fund. Reaves Asset Management is the Investment Adviser to the Fund. The philosophy and management of the Fund is consistent with the Firm's Long Term Value Strategy employed in managing our separately managed accounts. More Information Quarterly Fact Card Annual Report Semi-Annual Report Institutional Class Shares Prospectus Statement of Additional Information (SAI) Fund Risk/Return Summary (requires viewer) 19a notice- September 29, 2021 – Institutional Class shares Check the background of the SEI investments Distribution Com. on FINRA's BrokerCheck. To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by clicking the prospectus link on the left or by calling 1-866-342-7058. Please read the prospectus carefully before investing. Mutual fund investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility. There can be no assurance that the Fund will achieve its stated objective. Fund holdings in the energy sector are subject to significant volatility and entail substantial risks. The Reaves Utilities and Energy Infrastructure Fund is distributed by SEI Investments Distribution Co., which is not affiliated with W.H. Reaves & Co., Inc./Reaves Asset Management. 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 Separately Managed Accounts Reaves Asset Management has been investing on behalf of clients for more than 40 years through our Long Term Value strategy, a total-return equity investment strategy that incorporates our expertise in select infrastructure market sectors. We do so on a separate account basis for both institutional and individual investors. Our goal is to increase our client’s wealth over the long-term by providing both income and capital appreciation from portfolios of common stocks with defensive characteristics. Long Term Value Fact Sheet Quarterly Commentary Business Continuity Plan Summary Terms Of Use Privacy Policy Cookie Policy Endnotes/Disclosures © Copyright 2021 Reaves Asset Management (W. H. Reaves & Co., Inc.) Please note that Reaves' website uses Cookies. To learn more about how we use them please read our Cookie Policy. By closing this message, you consent to our use of cookies on this device, in accordance with our cookie policy, unless you have disabled them. X