| |
Risk/Return
(3)
(net of fees) 01/01/78
to 03/31/10
(4)
 .
CG 10 Yr. = Citigroup 10 Year Treasury. Inception of Index is 1/01/80.
CG 30 Yr. = Citigroup 30 Year Treasury. Inception of Index is 1/01/80.
DJUA = Dow Jones Utility Average
BC Agg = Barclays Capital Aggregate Bond Index
R 1000 V = Russell 1000 Value Index. Inception of Index is 1/01/79.
Reaves = W. H. Reaves & Co., Inc. ERISA Composite
S&P 500 = S&P 500 Equity Index
T Bill = Ibbotson U.S. Treasury Bill
See endnotes for important disclosures
and index definitions including ERISA comparisons.
A
disciplined, consistent approach to risk management (3)
Reaves’
value style seeks to be disciplined and risk efficient, and has resulted
in a 32-year track
record
of uncorrelated excess returns with low volatility as compared to the
broad market.
| |
1
Yr |
3
Yrs |
5
Yrs |
10
Yrs |
20
Yrs |
32.25
Yrs |
|
 |
| Beta |
0.75 |
0.77 |
0.77 |
0.60 |
0.55 |
0.56 |
|
|
| Annualized
Alpha |
-1.18 |
-0.13 |
3.48 |
5.78 |
3.28 |
4.34 |
|
|
| Sharpe
Ratio |
2.74 |
-0.25 |
0.16 |
0.23 |
0.42 |
0.54 |
|
|
| Sortino
Ratio |
7.00 |
-0.31 |
0.20 |
0.32 |
0.63 |
0.83 |
|
|
|
W. H. Reaves & Co., Inc. ERISA Composite (Net of fees)
Monthly
data versus the S&P 500 Index (net of fees) 1/1/78 to 03/31/10.
See endnotes for important disclosures
and index definitions including ERISA comparisons. |
| |
| |
| |
| |
|
