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Trending ETFs

Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.83

$53.1 M

0.00%

1.78%

Vitals

YTD Return

0.6%

1 yr return

4.1%

3 Yr Avg Return

3.5%

5 Yr Avg Return

3.2%

Net Assets

$53.1 M

Holdings in Top 10

17.1%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.78%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 138.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.83

$53.1 M

0.00%

1.78%

DVFAX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cohen & Steers Alternative Income Fund, Inc.
  • Fund Family Name
    Cohen & Steers
  • Inception Date
    Aug 31, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jon Cheigh

Fund Description

The Fund seeks to achieve high current income and capital appreciation through a diversified portfolio of income-producing equity, preferred and debt securities. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing primarily in U.S. and non‑U.S. investments providing exposure to the following asset classes: (i) preferred and debt securities; (ii) real estate
  
companies, including real estate investment trusts (“REITs”); and (iii) infrastructure companies. In addition to those aforementioned asset classes, the Fund may invest up to 15% of its assets in other types of investments, including but not limited to master limited partnerships (“MLPs”) and midstream energy companies, natural resource companies, renewable companies and digital infrastructure companies. The Fund may obtain investment exposure to any of the above asset classes directly or indirectly, such as by investing in investment companies (such as open‑end funds, closed‑end funds, exchange-traded funds (“ETFs”) and other types of pooled investment funds) and derivatives. 
The Fund is actively managed by Cohen & Steers Capital Management, Inc., the Fund’s investment advisor (the “Advisor”). To pursue its goal, the Fund combines a top‑down approach, focused on identifying relative value across multiple asset classes, with bottom‑up security selection based on fundamental research concentrated at the sector-, industry-, and security-levels. 
PREFERRED AND DEBT SECURITIES 
The Fund will invest in preferred and debt securities issued by U.S. and non‑U.S. companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; contingent capital securities (“CoCos”); and securities of other open‑end funds, closed‑end funds or ETFs that invest primarily in preferred and/or debt securities as described herein. The Fund may also invest in certain restricted securities including securities that are only eligible for resale pursuant to Rule 144A under the Securities Act of 1933 (the “Securities Act”) (referred to as Rule 144A Securities) and securities of U.S. and non‑U.S. issuers that are issued through private offerings without registration with the Securities and Exchange Commission (the “SEC”) pursuant to Regulation S under the Securities Act. The Fund will not seek to achieve specific environmental, social or governance (“ESG”) outcomes through its portfolio of investments, nor will it pursue an overall impact or sustainable investment strategy. However, the Advisor will incorporate consideration of relevant ESG factors into its investment decision-making. For example, although the Advisor does not generally exclude investments based on ESG factors alone, when considering an investment opportunity with material exposure to carbon emissions regulation, this risk may be considered as one factor in the Advisor’s holistic review process. 
The Fund may invest in preferred and debt securities of any maturity or credit rating, including investment grade securities, below investment grade securities and unrated securities. Although not required to do so, the Fund will generally seek to maintain a minimum weighted average senior debt rating of companies in which it invests of BBB‑, which the Fund considers to be investment grade. Although a company’s senior debt rating may be BBB‑, an underlying security issued by such company in which the Fund invests may have a lower rating than BBB‑. If the Fund cannot access a company’s average senior debt rating, the Fund may look to the rating of the underlying security issued by such company. Below investment grade securities are also known as “high yield” or “junk” securities and are regarded as having more speculative characteristics with respect to the payment of interest and repayment of principal. The maturities of debt securities in which the Fund will invest generally will be longer-term (ten years or more); however, as a result of changing market conditions and interest rates, the Fund may also invest in shorter-term debt securities. 
REAL ESTATE SECURITIES/REITS 
The Fund will gain exposure to real estate by investing in securities issued by U.S. and non‑U.S. real estate companies, including REITs and similar REIT-like entities. Some investments in other asset classes have similar underlying characteristics which may cause the Fund’s real estate allocation range to be exceeded. 
A real estate company is one that (i) derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land; or (ii) has at least 50% of its assets invested in such real estate. REITs are companies that own interests in real estate or in real estate related loans or other interests, and their revenue primarily consists of rent derived from owned, income producing real estate properties and capital gains from the sale of such properties. A REIT in the U.S. is generally not taxed on income distributed to shareholders so long as it meets certain tax related requirements, including the requirement that it distribute substantially all of its taxable income to such shareholders. Foreign REITs and REIT-like entities are organized outside of the U.S. and have operations and receive tax treatment in their respective countries similar to that of U.S. REITs in their respective countries. The Fund retains the ability to invest in real estate companies of any market capitalization. 
Securities of real estate companies may include common stocks and other equity securities, preferred securities and debt securities (including convertible securities). The Fund may invest in real estate companies organized or located outside the U.S. or doing a substantial amount of business outside the U.S. The Fund considers a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S. as doing a substantial amount of business outside the U.S. The non‑U.S. companies in which the Fund invests may include those domiciled in emerging market countries. The Fund may invest in real estate companies of any market capitalization, including small- and medium‑sized companies (e.g., companies with a market capitalization of $10 billion or less), and in any geographic region. 
The Fund may also invest in securities of foreign companies in the form of American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”). The Fund may participate in the initial public offering (“IPO”) market of securities issued by real estate companies. 
INFRASTRUCTURE COMPANIES 
The Fund will invest in U.S. and non‑U.S. common stocks and other equity securities, preferred securities and income securities issued by infrastructure companies. Infrastructure companies are companies that derive at least 50% of their revenues from, or have at least 50% of their assets committed to, the management, ownership, operation, construction, development or financing of assets used in connection with: the generation, production, transmission, sale or distribution of electric energy, natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or other energy sources; the distribution, purification and treatment of water; provision of communications services, including cable television, satellite, microwave, radio, telephone and other communications media; or the provision of transportation services, including toll roads, airports, railroads or marine ports. Infrastructure companies also include companies organized as MLPs and their affiliates, and the Fund may invest in these energy-related MLPs and their affiliates. 
The Fund may participate in the IPO market of securities issued by infrastructure companies. The Fund may invest in infrastructure companies of any market capitalization and in any geographic region. 
Some investments in other asset classes, such as MLPs and midstream energy companies, have similar underlying characteristics which may cause the Fund’s infrastructure allocation range to be exceeded. 
MASTER LIMITED PARTNERSHIPS (MLPS) AND MIDSTREAM ENERGY COMPANIES 
The Fund may invest in MLPs and midstream energy companies of any market capitalization. MLPs are energy-related master limited partnerships and limited liability companies that are publicly traded and treated as partnerships for U.S. federal income tax purposes. Direct investments in MLPs may take the form of debt or equity, including, without limitation, common units, preferred units and convertible 
subordinated units. MLPs are considered to be “energy related” if they own or otherwise engage in activities related to energy infrastructure in the U.S., such as assets related to exploration, development, mining, production, processing, refining, storage, gathering, distribution, marketing, and transportation (including pipelines) of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. For purposes of the Fund’s investment policies, restrictions and limitations, MLPs may include affiliates of MLPs that are not treated as C corporations for U.S federal income tax purposes. 
Midstream energy companies include securities of companies other than MLPs that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids (including propane), crude oil or refined petroleum products, coal or other energy sources. The Fund can also invest in securities of exchange-traded, open‑end or closed‑end funds that invest primarily in MLPs or their affiliates; and instruments that provide economic exposure to MLPs or midstream energy companies, including derivative instruments such as, among others, forward contracts, futures and options thereon, options and swaps. The Fund may participate in the IPO market of MLPs and securities issued by midstream energy companies. 
The Fund may invest up to 25% (or such higher amount as permitted by any applicable tax diversification rules) of its total assets directly in MLPs that are “qualified publicly traded partnerships” (“QPTPs”), which are treated as partnerships for U.S. federal income tax purposes and are defined more specifically in the provisions applicable to regulated investment companies (“RICs”). 
NATURAL RESOURCE EQUITY SECURITIES 
The Fund will gain exposure to natural resource equity securities by investing in securities of U.S. and non‑ U.S. companies with substantial natural resource assets or whose business activities are related to natural resource assets. Such securities may include, for example, common stocks and other equity securities, preferred securities and debt securities, or other securities or instruments. Natural resources may include materials with economic value that are derived from natural sources, either directly or indirectly, such as precious metals (e.g., gold, platinum, palladium or silver), non‑precious metals (e.g., copper, zinc or iron ore), fuels (e.g., oil, natural gas or coal), minerals, timber and forestry products, food and agricultural products (e.g., fertilizer), farm machinery and chemicals. Natural resource companies will primarily be involved in exploring for, mining, extracting, producing, processing, transporting, or otherwise developing or providing goods and services with respect to, a natural resource. Natural resource companies may also include companies which provide services to such companies (e.g., equipment manufacturers). 
The Fund may invest in natural resource companies of any market capitalization and in any geographic region. The Fund may participate in the IPO market of securities issued by natural resource companies. 
Some investments in other asset classes have similar underlying characteristics which may cause the Fund’s natural resources allocation range to be exceeded. 
OTHER INVESTMENT COMPANIES 
The Fund may invest in securities of other open- or closed‑end investment companies, including ETFs, to the extent permitted by the Investment Company Act of 1940 (the “1940 Act”). ETFs and many closed‑end funds trade on a securities exchange and their shares may, at times, trade at a premium or discount to their NAV. Most ETFs hold a portfolio of common stocks or bonds designed to track the performance of a securities index, including industry, sector, country and region indexes, but an ETF may not replicate exactly the performance of the index it seeks to track for a number of reasons, including transaction costs incurred by the ETF. 
The Fund may also invest a portion of its assets in pooled investment vehicles (other than investment companies). As a stockholder in an investment company or other pooled vehicle, the Fund will bear its ratable share of that investment company’s or vehicle’s expenses, and would remain subject to payment of the fund’s or vehicle’s advisory and administrative fees with respect to assets so invested. Shareholders would therefore be subject to duplicative expenses to the extent the Fund invests in other investment companies or vehicles. In addition, the securities of other investment companies or pooled vehicles may be leveraged and will therefore be subject to leverage risks (in addition to other risks of the investment company’s or pooled vehicle’s strategy). The Fund will also incur brokerage costs when purchasing and selling shares of ETFs and closed‑end funds. 
RENEWABLE COMPANIES 
The Fund may invest in common stocks and other equity securities, preferred securities and income securities of U.S. and non‑U.S. renewable companies. Renewable companies are owners or operators of “clean” assets, as well as those developing technologies, products, processes and services relating to more efficient or cleaner, use, storage, delivery, management, conservation or conversion of natural resources or products derived therefrom or the transition to cleaner and more efficient use of natural resources or products derived therefrom. This includes companies that generate significant exposure from any of the following, among others: generation and supply of clean energy, development and manufacturing of resource efficient materials, hardware and equipment, sustainable production and distribution of food and water, and protection of the environment. 
Specific types of renewable companies that the Fund may invest in, include but are not limited to, owners and operators of renewable energy production and storage facilities; electric grid operators; smart meter manufacturers; renewable energy material suppliers; sustainable transport manufacturers and developers; efficiency technology companies; sustainable food and agricultural producers; water utilities; pollution control companies; and recycling services. 
The Fund may invest in renewable companies of any market capitalization and in any geographic region. The Fund may also invest in securities of renewable companies in the form of ADRs, GDRs and EDRs. The Fund may participate in the IPO market of securities issued by renewable companies. 
Some investments in renewable companies have similar underlying characteristics of other asset classes, which may cause the Fund’s allocation range to such asset class to be exceeded. 
DIGITAL INFRASTRUCTURE COMPANIES 
The Fund may invest in common stocks and other equity securities, preferred securities and income securities of U.S. and non‑U.S. digital infrastructure companies. Digital infrastructure companies are the owners, operators or manufacturers of physical assets and developers or providers of supply chain or software solutions that facilitate, and often enhance, the flow of information and payments between parties. These companies generally have meaningful exposure and cash flows tied to the following sub‑sectors: 
·
Infrastructure—Owners and operators of structures that house data storage, networking, and transmission assets, as well as assets involved in physical distribution. Such companies may include industrial REITs, tower REITs, data center REITs, telecommunications and internet services & infrastructure companies. 
·
Hardware—Manufacturers of devices that capture data and facilitate secure connections between service providers and end users. Such companies may include networking, technology hardware, electronic equipment and semiconductors companies. 
·
Software—Creators and operators of software applications that analyze, secure, process, and create insights from data or otherwise support related services. Such companies may include cloud computing, database management, internet and data security, payment processing and e‑commerce companies. 
The Fund may invest in digital infrastructure companies of any market capitalization and in any geographic region. The Fund may also invest in securities of digital infrastructure companies in the form of ADRs, GDRs and EDRs. The Fund may participate in the IPO market of securities issued by digital infrastructure companies. 
Some investments in digital infrastructure companies have similar underlying characteristics of other asset classes, which may cause the Fund’s allocation range to such asset class to be exceeded. 
ADDITIONAL INVESTMENTS 
The Fund is authorized to purchase, sell or enter into any derivative contract or option on a derivative contract, transaction or instrument, without limitation, including various interest rate transactions such as swaps, caps, floors or collars, and foreign currency transactions such as foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions. The Fund’s primary use of derivative contracts will be to enter into interest rate and currency hedging transactions in order to reduce the interest rate and foreign currency risk inherent in the Fund’s investments, however the Fund may use derivatives for a variety of other purposes including as a substitute for purchasing or selling securities or to increase the Fund’s return as a non‑hedging strategy that may be considered speculative. 
ASSET ALLOCATION 
When making allocation decisions, the Advisor conducts quantitative and qualitative analysis, aiming to optimize the balance between relative return potential and risk across asset classes. The goal of this process is to establish a target asset allocation for the Fund intended to meet its objective while maintaining a risk/return profile that is consistent with the Fund’s investment objectives. In choosing investments at the asset class level, the Advisor, through its specialized investment teams, follows an active fundamental approach focused on identifying what are believed to be securities or trading strategies possessing superior yield and risk-adjusted return profiles. For each asset class, the Advisor seeks to outperform a passive allocation to that asset class over a full market cycle. While the Fund is not constrained to allocate its investments among asset classes according to specific ranges, under normal circumstances the Advisor expects the Fund’s assets to be allocated to each asset class within the allocation ranges set forth in the table below. In addition, the Advisor has appointed a committee (the “Asset Allocation Committee”) consisting of a select group of the Advisor’s senior investment professionals, to periodically review the Fund’s asset allocation ranges and allocation targets. Actual allocations may vary at any time and may move and remain outside of these ranges for a variety of reasons, including, but not limited to, changes in investment outlook, market movements, cash flows into or out of the Fund and other factors. 
Asset Class(1)   
AllocationRange
Preferred and Debt Securities
   40‑60%
Real Estate Companies/REITs
   10‑30%
Infrastructure Companies
   20‑40% 
(1)
Certain investments may count towards more than one of the above asset class categories. For example, a preferred security issued by an infrastructure company may be counted in one or both of the Preferred and Debt Securities and Infrastructure Companies asset classes. Investments in pooled investment vehicles and derivatives may count towards any of the above categories, depending on the nature of the investment. 
In addition to those aforementioned asset classes, the Fund may invest up to 15% of its assets in other types of investments, including but not limited to MLPs and midstream energy companies, natural resource companies, renewable companies and digital infrastructure companies. The Fund may obtain investment exposure to any of the above asset classes directly or indirectly, such as by investing in investment companies (such as open‑end funds, closed‑end funds, ETFs and other types of pooled investment funds) and derivatives. 
Read More

DVFAX - Performance

Return Ranking - Trailing

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -23.7% 16.4% 29.18%
1 Yr 4.1% -8.9% 48.3% 17.81%
3 Yr 3.5%* -2.2% 16.4% 76.61%
5 Yr 3.2%* -0.7% 13.4% 42.76%
10 Yr 5.6%* 0.9% 11.8% 1.67%

* Annualized

Return Ranking - Calendar

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -40.8% 20.6% 4.43%
2022 -14.2% -21.0% 24.5% 98.63%
2021 14.8% -24.2% 27.8% 99.07%
2020 -11.5% -23.1% 11.7% 98.51%
2019 0.5% -100.0% 20.6% 94.82%

Total Return Ranking - Trailing

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -23.7% 16.4% 28.33%
1 Yr 4.1% -12.8% 48.3% 33.05%
3 Yr 3.5%* -3.4% 16.4% 87.99%
5 Yr 3.2%* -1.1% 13.4% 66.82%
10 Yr 5.6%* 0.9% 11.8% 2.76%

* Annualized

Total Return Ranking - Calendar

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -40.8% 20.6% 4.43%
2022 -10.8% -21.0% 24.5% 98.63%
2021 19.4% -24.2% 27.8% 99.07%
2020 -6.1% -23.1% 11.7% 89.58%
2019 20.3% -2.9% 23.1% 12.53%

NAV & Total Return History


DVFAX - Holdings

Concentration Analysis

DVFAX Category Low Category High DVFAX % Rank
Net Assets 53.1 M 1.12 M 110 B 83.80%
Number of Holdings 347 2 10961 42.80%
Net Assets in Top 10 8.36 M -31.7 M 22 B 86.01%
Weighting of Top 10 17.14% 10.8% 100.0% 82.26%

Top 10 Holdings

  1. American Tower Corp 2.65%
  2. Vinci SA 1.98%
  3. TC Energy Corp 1.86%
  4. SBA Communications Corp 1.86%
  5. Cheniere Energy Inc 1.69%
  6. National Grid PLC 1.68%
  7. ONEOK Inc 1.37%
  8. Digital Realty Trust Inc 1.36%
  9. Prologis Inc 1.35%
  10. Sempra 1.34%

Asset Allocation

Weighting Return Low Return High DVFAX % Rank
Stocks
51.99% -45.72% 98.42% 81.63%
Bonds
40.21% -39.76% 93.84% 52.82%
Convertible Bonds
14.73% 0.00% 25.49% 1.04%
Preferred Stocks
6.60% -0.03% 14.00% 1.67%
Cash
1.20% -97.12% 185.58% 65.14%
Other
0.00% -1.25% 197.12% 41.75%

Stock Sector Breakdown

Weighting Return Low Return High DVFAX % Rank
Real Estate
40.48% 0.00% 90.14% 5.73%
Utilities
20.49% 0.00% 40.29% 4.88%
Energy
18.10% 0.00% 38.61% 8.49%
Industrials
11.44% 0.09% 32.39% 29.30%
Basic Materials
5.23% 0.00% 60.23% 48.62%
Communication Services
1.95% 0.00% 28.59% 85.99%
Consumer Defense
0.91% 0.00% 31.85% 91.72%
Technology
0.82% 0.00% 39.48% 90.45%
Healthcare
0.21% 0.00% 30.30% 90.02%
Financial Services
0.21% 0.00% 30.34% 90.87%
Consumer Cyclical
0.17% 0.00% 20.84% 97.66%

Stock Geographic Breakdown

Weighting Return Low Return High DVFAX % Rank
US
30.95% -4.82% 95.75% 74.32%
Non US
21.04% -46.69% 57.06% 70.56%

Bond Sector Breakdown

Weighting Return Low Return High DVFAX % Rank
Corporate
92.02% 0.00% 99.90% 3.97%
Government
0.33% 0.00% 98.64% 88.10%
Derivative
0.00% 0.00% 41.88% 43.22%
Cash & Equivalents
0.00% 0.10% 100.00% 85.59%
Securitized
0.00% 0.00% 83.28% 74.95%
Municipal
0.00% 0.00% 31.28% 40.08%

Bond Geographic Breakdown

Weighting Return Low Return High DVFAX % Rank
US
36.48% -177.12% 87.76% 48.43%
Non US
3.73% -39.00% 137.36% 38.83%

DVFAX - Expenses

Operational Fees

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.16% 2.71% 54.91%
Management Fee 0.70% 0.00% 1.70% 50.32%
12b-1 Fee N/A 0.00% 1.00% 20.97%
Administrative Fee 0.02% 0.01% 0.70% 2.11%

Sales Fees

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 67.82%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.00% 0.00% 441.00% 86.60%

DVFAX - Distributions

Dividend Yield Analysis

DVFAX Category Low Category High DVFAX % Rank
Dividend Yield 0.00% 0.00% 10.92% 7.90%

Dividend Distribution Analysis

DVFAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

DVFAX Category Low Category High DVFAX % Rank
Net Income Ratio 2.40% -5.20% 6.33% 23.97%

Capital Gain Distribution Analysis

DVFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

DVFAX - Fund Manager Analysis

Managers

Jon Cheigh


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Jon Y. Cheigh joined Cohen & Steers in 2005 and currently serves as Executive Vice President and head of the global real estate investment team. Prior to joining Cohen & Steers in 2005, Mr. Cheigh was a vice president and senior REIT analyst for two years at Security Capital Research & Management. Previously, he was a vice president of real estate acquisitions at InterPark and an acquisitions associate at Urban Growth Property Trust, two privately held REITs. Mr. Cheigh holds a BA cum laude from Williams College and an MBA from the University of Chicago.

Benjamin Morton


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Benjamin Morton, Executive Vice President, is Head of Global Infrastructure and a senior portfolio manager for Cohen & Steers' infrastructure portfolios, including those focused on master limited partnerships. He has 21 years of infrastructure-related investment experience. Prior to joining Cohen & Steers in 2003, Mr. Morton worked at Salomon Smith Barney as a research associate for three years, covering the utility and pipelines sectors. He also worked at New York Mercantile Exchange as a research analyst. Mr. Morton holds a BA from the University of Rochester and an MES from Yale University. He is based in New York.

Vincent Childers


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Vince Childers, CFA, Senior Vice President, is a portfolio manager for Cohen & Steers’ real assets strategy. He has 19 years of investment experience. Prior to joining the firm in 2013, Mr. Childers was a portfolio manager for real asset strategies at AllianceBernstein, where he co-managed a research team overseeing $2.3 billion in assets. Previously, Mr. Childers was an associate in the financial advisory services department of Houlihan Lokey. Mr. Childers has an MBA from Carnegie Mellon University and a BS from Vanderbilt University. He is based in New York.

Elaine Zaharis-Nikas


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Elaine Zaharis-Nikas, CFA, Senior Vice President, is a senior portfolio manager for fixed income and preferred securities portfolios and has analyst coverage responsibilities for European and Latin American banks. She has 21 years of investment experience. Prior to joining Cohen & Steers in 2003, Ms. Zaharis-Nikas worked at J.P. Morgan Chase for five years as a credit analyst and J.P. Morgan for three years as an internal auditor. Ms. Zaharis-Nikas holds a BS from New York University. She is based in New York.

William Scapell


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

William Scapell, CFA, Executive Vice President, is Head of Fixed Income and Preferred Securities and a senior portfolio manager for the firm’s preferred securities portfolios. He has 28 years of investment experience. Prior to joining Cohen & Steers in 2003, Mr. Scapell worked in the fixed income research department at Merrill Lynch, where he was their chief strategist for preferred securities for three years, and a vice president in corporate finance and treasury department for two years. Previously, he held bank supervision and monetary policy roles at the Federal Reserve Bank of New York for five years. Mr. Scapell holds a BA from Vassar College and an MA from Columbia University's School of International and Public Affairs. He is based in New York.

Jeffrey Palma


Start Date

Tenure

Tenure Rank

Apr 29, 2022

0.09

0.1%

On November 15, 2021 Jeff Palma, Senior Vice President and Head of Multi-Asset Solutions, joined the firm. In a newly created position reporting to Jon Cheigh, Chief Investment Officer, Mr. Palma is responsible for leading the firm’s asset allocation teams and strategies, and macroeconomic research. Mr. Palma joins Cohen & Steers with 25 years of investment experience. Most recently at State Street Global Advisors, he was a Managing Director and Head of Public Investments for SSGA’s Outsourced Chief Investment Officer (OCIO) platform, overseeing teams responsible for investment strategy, portfolio construction, manager research, tactical market positioning and portfolio implementation. Prior to that, Mr. Palma was the Head of Tactical Asset Allocation for GE Pension Trust, Portfolio Manager for GE Institutional Strategic Investment Fund, and Chief Market Strategist at GE Asset Management when it was acquired by SSGA in 2016. Before joining GE in 2012, he was most recently the Head of Global Equity Strategy at UBS Investment Bank. At UBS, he was responsible for the firm’s regional and sector allocation view on global equities, and served as a member of its macro strategy board.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25