The Reaves Utility Income Fund (UTG) is a mutual fund that primarily invests in utility companies. These companies provide essential services such as electricity, water, and natural gas, making them relatively stable and defensive investments. The fund aims to generate income for investors through dividends and interest payments from its holdings. It may also seek capital appreciation by investing in companies with strong growth potential. With a focus on the utility sector, the Reaves Utility Income Fund offers investors a way to diversify their portfolio and potentially earn steady returns.