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Virtus Reaves Utilities ETF
UTES (Virtus Reaves Utilities ETF) is an index Utilities Equity ETF by Virtus. With a 0.49% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 1.44% yield.
UTES by Virtus is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.49% MER, its fees are in line with category averages.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).