RSRAX Performance — Reaves Infrastructure Fund, Class A
Data updated: 2026-10-13
RSRAX returned +8.66% year to date and +14.26% over one year to Jul 2026. Annualised returns are +16.51% over 3 years and +7.04% over 5 years. Against its US Mid-Cap Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $158, against $144 for the category, and to $114 over one year, against $119. Volatility over the past three years was 16.15% a year. In the 12 months to Jul 2026 the fund took in a net $1.4M, and assets reached $37.10M. Returns are those of sibling share class RSRFX; this class's own returns are not reported in filings.
RSRAX Growth of $100
What $100 invested in Reaves Infrastructure Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | RSRAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $158 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $141 | $145 |
| Since data start (Feb 2020 – Jul 2026) | $151 | $197 |
RSRAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.66% |
| 1 year | +14.26% |
| 3 years (annualised) | +16.51% |
| 5 years (annualised) | +7.04% |
RSRAX Annual Returns
Calendar-year total returns of Reaves Infrastructure Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +8.66% |
| 2025 | +22.72% |
| 2024 | +27.65% |
| 2023 | −0.57% |
| 2022 | −14.64% |
| 2021 | +14.66% |
| 2020 (Feb–Dec) | −8.60% |
RSRAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +11.7% | −4.6% | +11.1% | −7.4% | +2.0% | −3.1% | — | — | — | — | — |
| 2025 | +6.0% | +0.4% | −2.3% | +0.6% | +3.1% | +3.0% | +5.3% | 0.0% | +5.3% | −0.9% | +4.6% | −3.7% |
| 2024 | +6.0% | −3.0% | +2.2% | +3.1% | +6.0% | −2.6% | +5.9% | +0.9% | +7.7% | +3.5% | +3.9% | −7.7% |
| 2023 | +8.4% | +2.0% | +2.7% | −5.3% | +2.0% | +2.9% | −5.2% | +0.1% | −5.4% | −2.5% | −1.8% | +2.5% |
| 2022 | 0.0% | −7.1% | +6.1% | −2.2% | +6.2% | −5.3% | −0.3% | +3.7% | −11.9% | −2.5% | +2.8% | −3.6% |
| 2021 | +5.7% | +5.1% | +7.2% | −3.3% | +2.3% | −0.4% | +0.5% | +3.6% | −8.1% | +3.8% | −7.4% | +6.3% |
| 2020 | — | +4.8% | −13.7% | −7.6% | +8.6% | −2.1% | +4.8% | −0.8% | −1.0% | +0.6% | −2.3% | +1.7% |
RSRAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.15%
- 3-year Sharpe ratio: 0.74 (vs 4.5% risk-free rate)
- Best month: +11.75% (Feb 2026)
- Worst month: −7.74% (Dec 2024)
RSRAX Fund Flows
Monthly money in and out of Reaves Infrastructure Fund, from SEC Form N-PORT.
- 12-month net flow: $1.4M
- 12-month gross sales (incl. reinvestments): $3.7M
- Sales ÷ redemptions: 1.62×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $58K | $6K | $52K |
| Jun 2026 | $122K | $113K | $9K |
| May 2026 | $55K | $177K | −$122K |
| Apr 2026 | $741 | $26K | −$25K |
| Mar 2026 | $30K | $203K | −$174K |
| Feb 2026 | $270 | $790K | −$789K |
| Jan 2026 | $26K | $32K | −$6K |
| Dec 2025 | $3.2M | $110K | $3.1M |
| Nov 2025 | $4K | $386K | −$382K |
| Oct 2025 | $259 | $38K | −$38K |
| Sep 2025 | $89K | $147K | −$58K |
| Aug 2025 | $112K | $260K | −$148K |
RSRAX Assets Under Management
Net assets of Reaves Infrastructure Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $37.10M |
| 2026-04-30 | $40.67M |
| 2026-01-31 | $35.24M |
| 2025-10-31 | $35.67M |
| 2025-07-31 | $34.47M |
| 2025-04-30 | $31.04M |
| 2025-01-31 | $32.24M |
| 2024-10-31 | $32.32M |
| 2024-07-31 | $28.84M |
| 2024-04-30 | $26.63M |
| 2024-01-31 | $26.94M |
| 2023-10-31 | $26.76M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.