CPXIX: Cohen & Steers Preferred Sec & Inc I

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

CPXIX Cohen & Steers Preferred Sec & Inc I


Profile

CPXIX - Profile

Vitals

  • YTD Return -1.7%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $9.94 B
  • Holdings in Top 10 11.7%

52 WEEK LOW AND HIGH

$14.04
$10.85
$14.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Preferred Stock

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cohen & Steers Preferred Securities and Income Fund, Inc.
  • Fund Family Name
    Cohen & Steers
  • Inception Date
    May 03, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William Scapell

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies. It also will invest at least 25% of its net assets in the financial sector. The fund may invest without limit in securities of non-U.S. companies, which may be non-U.S. dollar denominated, including up to 15% of the fund's net assets in securities issued by companies domiciled in emerging market countries.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

CPXIX - Performance

Return Ranking - Trailing

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -29.0% 33.3% 69.38%
1 Yr -0.4% -29.3% 30.3% 62.82%
3 Yr -0.5%* -12.8% 11.5% 56.83%
5 Yr 0.7%* -8.1% 9.6% 65.08%
10 Yr 1.5%* -5.1% 9.2% 63.75%

* Annualized

Return Ranking - Calendar

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% -8.6% 24.4% 73.55%
2018 -9.8% -15.4% -2.5% 42.14%
2017 5.4% -7.8% 15.4% 54.41%
2016 -1.2% -4.1% 14.2% 84.85%
2015 0.1% -26.1% 2.5% 6.84%

Total Return Ranking - Trailing

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -29.0% 33.3% 69.38%
1 Yr -0.4% -29.3% 30.3% 62.82%
3 Yr 2.2%* -9.9% 17.1% 53.24%
5 Yr 4.6%* -5.8% 13.2% 55.56%
10 Yr 6.9%* -5.1% 12.0% 50.00%

* Annualized

Total Return Ranking - Calendar

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
2019 12.9% -8.6% 24.4% 66.45%
2018 -5.1% -15.4% 4.5% 33.57%
2017 11.4% -1.0% 18.4% 35.29%
2016 4.6% -4.1% 20.1% 51.52%
2015 6.2% -26.1% 6.2% 0.85%

NAV & Total Return History


Holdings

CPXIX - Holdings

Concentration Analysis

CPXIX Category Low Category High CPXIX % Rank
Net Assets 9.94 B 196 K 9.94 B 3.66%
Number of Holdings 279 38 373 14.02%
Net Assets in Top 10 1.01 B -276 M 1.01 B 3.66%
Weighting of Top 10 11.70% 10.4% 72.4% 99.39%

Top 10 Holdings

  1. EMERA INCORPORATED 6.75% 1.45%
  2. The Charles Schwab Corporation 5.38% 1.31%
  3. Prudential Financial, Inc. 5.62% 1.20%
  4. Credit Suisse Group AG 7.5% 1.18%
  5. Bank of America Corporation 5.88% 1.16%
  6. Southern Company 0% 1.15%
  7. MetLife Inc. 9.25% 1.15%
  8. JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 1.04%
  9. BP Capital Markets plc 4.88% 1.03%
  10. TransCanada Trust 5.5% 1.03%

Asset Allocation

Weighting Return Low Return High CPXIX % Rank
Bonds
52.99% -14.80% 70.12% 10.37%
Preferred Stocks
23.02% 0.00% 77.66% 30.49%
Convertible Bonds
21.13% 0.00% 108.22% 76.83%
Cash
2.57% -6.08% 15.79% 56.10%
Other
0.29% 0.00% 15.69% 46.34%
Stocks
0.00% -0.82% 47.79% 98.78%

Bond Sector Breakdown

Weighting Return Low Return High CPXIX % Rank
Corporate
97.42% 41.81% 100.00% 35.98%
Cash & Equivalents
2.58% 0.00% 29.37% 60.37%
Derivative
0.00% 0.00% 18.89% 90.24%
Securitized
0.00% 0.00% 5.82% 90.24%
Municipal
0.00% 0.00% 0.00% 90.24%
Government
0.00% 0.00% 21.61% 92.68%

Bond Geographic Breakdown

Weighting Return Low Return High CPXIX % Rank
US
29.25% -14.80% 59.85% 32.32%
Non US
23.74% 0.00% 34.48% 5.49%

Expenses

CPXIX - Expenses

Operational Fees

CPXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.41% 94.07% 83.02%
Management Fee 0.70% 0.00% 1.42% 63.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.55% 59.52%

Sales Fees

CPXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CPXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

CPXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 5.00% 175.00% 50.61%

Distributions

CPXIX - Distributions

Dividend Yield Analysis

CPXIX Category Low Category High CPXIX % Rank
Dividend Yield 0.00% 0.00% 6.47% 92.07%

Dividend Distribution Analysis

CPXIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CPXIX Category Low Category High CPXIX % Rank
Net Income Ratio 4.60% -0.26% 9.30% 28.30%

Capital Gain Distribution Analysis

CPXIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CPXIX - Fund Manager Analysis

Managers

William Scapell


Start Date

Tenure

Tenure Rank

May 03, 2010

10.34

10.3%

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.

Elaine Zaharis-Nikas


Start Date

Tenure

Tenure Rank

Jan 14, 2015

5.63

5.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 35.22 9.51 9.67