SEE MORE: Utilities ETFs Behave On Fed Rate Hike Talk

UTES is the first and still only actively managed utilities ETF on the market today.

“The Fund’s investments are typically concentrated in companies within utility sector companies. The focus of the Fund’s portfolio on utility sector companies may present more risks than if the Fund’s portfolio were broadly spread over numerous sectors of the economy,” according to the statement.

For more information on the utilities sector, visit our utilities category.