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Trending ETFs

Name

As of 09/22/2023

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

$14.71

$7.13 B

3.45%

$0.51

0.84%

Vitals

YTD Return

-1.5%

1 yr return

4.1%

3 Yr Avg Return

9.3%

5 Yr Avg Return

8.5%

Net Assets

$7.13 B

Holdings in Top 10

60.5%

52 WEEK LOW AND HIGH

$14.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 55.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/22/2023

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

$14.71

$7.13 B

3.45%

$0.51

0.84%

CSDIX - Profile

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 9.3%
  • 5 Yr Annualized Total Return 8.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Cohen & Steers Real Estate Securities Fund
  • Fund Family Name
    COHENSTEER
  • Inception Date
    May 16, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Yablon

Fund Description

Cohen & Steers Capital Management, Inc. (the “Advisor”) adheres to a bottom-up, relative value investment process when selecting publicly traded real estate securities. To guide the portfolio construction process, the Advisor utilizes a proprietary valuation model that quantifies relative valuation of real estate securities based on price-to-net asset value (“NAV”), cash flow multiple/growth ratios and a dividend discount model (“DDM”). Analysts incorporate both quantitative and qualitative analysis in their NAV, cash flow, growth and DDM estimates. The company research process includes an evaluation of the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength and corporate structure. Judgments with respect to risk control, geographic and property sector diversification, liquidity and other factors are considered along with the models’ output and drive the portfolio managers’ investment decisions. 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 may 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. 
Under normal market conditions, the Fund invests at least 80% of its total assets in income-producing common stocks and other equity securities issued by real estate companies, such as real estate investment trusts (“REITs”). Real estate equity securities include common stocks, preferred stocks and other equity securities issued by real estate companies, including REITs and similar REIT-like entities. 
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. The Fund may invest without limit in shares of REITs. 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 (other than net capital gains for each taxable year). 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. The Fund retains the ability to invest in real estate companies of any market capitalization. 
The Fund may also invest up to 20% of its total assets in debt securities, including high yield debt securities, issued or guaranteed by real estate and other companies. 
The Fund may invest up to 20% of its total assets in securities of foreign issuers (including emerging market issuers) which meet the same criteria for investment as domestic companies, including investments in such companies in the form of American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”). 
The Fund may sell put or call options on an index or a security with the intention of earning option premiums in order to enhance current income. 
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CSDIX - Performance

Return Ranking - Trailing

Period CSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -9.4% 10.4% 36.43%
1 Yr 4.1% -44.4% -2.7% 16.36%
3 Yr 9.3%* -19.4% 8.0% 12.99%
5 Yr 8.5%* -16.3% 7.7% 8.09%
10 Yr 9.9%* -7.2% 5.3% 3.38%

* Annualized

Return Ranking - Calendar

Period CSDIX Return Category Return Low Category Return High Rank in Category (%)
2022 -31.3% -63.4% 2.7% 55.97%
2021 35.4% -7.7% 52.3% 30.04%
2020 -7.4% -42.2% 35.0% 33.87%
2019 22.0% -0.6% 43.1% 33.05%
2018 -7.4% -30.7% 2.2% 22.32%

Total Return Ranking - Trailing

Period CSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -8.4% 10.4% 36.43%
1 Yr 4.1% -22.4% 0.2% 16.36%
3 Yr 9.3%* -18.4% 15.5% 12.99%
5 Yr 8.5%* -13.7% 11.1% 8.09%
10 Yr 9.9%* -2.2% 15.8% 3.38%

* Annualized

Total Return Ranking - Calendar

Period CSDIX Return Category Return Low Category Return High Rank in Category (%)
2022 -22.2% -63.4% 7.7% 35.07%
2021 48.6% 7.8% 65.3% 20.53%
2020 4.1% -36.6% 44.3% 9.68%
2019 36.0% 3.4% 46.4% 18.41%
2018 -5.3% -22.2% 6.3% 45.98%

NAV & Total Return History


CSDIX - Holdings

Concentration Analysis

CSDIX Category Low Category High CSDIX % Rank
Net Assets 7.13 B 1.18 M 31 B 4.56%
Number of Holdings 45 20 642 33.70%
Net Assets in Top 10 4.32 B 2.75 M 35.2 B 3.62%
Weighting of Top 10 60.52% 15.9% 99.8% 22.83%

Top 10 Holdings

  1. Prologis Inc 9.62%
  2. Digital Realty Trust Inc 8.09%
  3. Welltower Inc 6.45%
  4. Realty Income Corp 6.35%
  5. Invitation Homes Inc 6.34%
  6. Simon Property Group Inc 6.28%
  7. American Tower Corp 5.45%
  8. Crown Castle Inc 4.54%
  9. Equinix Inc 3.74%
  10. Sun Communities Inc 3.69%

Asset Allocation

Weighting Return Low Return High CSDIX % Rank
Stocks
99.24% 0.01% 106.94% 36.59%
Cash
0.77% -98.06% 25.84% 58.70%
Bonds
0.55% -3.17% 97.45% 13.04%
Preferred Stocks
0.00% -0.12% 33.96% 90.58%
Convertible Bonds
0.00% 0.00% 10.95% 90.55%
Other
-0.01% -1.70% 94.17% 95.29%

Stock Sector Breakdown

Weighting Return Low Return High CSDIX % Rank
Real Estate
99.03% 34.46% 100.00% 51.54%
Consumer Cyclical
0.97% 0.00% 45.29% 28.85%
Utilities
0.00% 0.00% 3.55% 90.00%
Technology
0.00% 0.00% 12.02% 91.92%
Industrials
0.00% 0.00% 7.39% 90.00%
Healthcare
0.00% 0.00% 0.53% 90.77%
Financial Services
0.00% 0.00% 37.05% 90.00%
Energy
0.00% 0.00% 33.11% 90.00%
Communication Services
0.00% 0.00% 11.61% 90.00%
Consumer Defense
0.00% 0.00% 0.93% 90.00%
Basic Materials
0.00% 0.00% 13.69% 90.00%

Stock Geographic Breakdown

Weighting Return Low Return High CSDIX % Rank
US
98.75% 0.01% 101.17% 46.74%
Non US
0.49% 0.00% 44.90% 11.23%

Bond Sector Breakdown

Weighting Return Low Return High CSDIX % Rank
Cash & Equivalents
0.77% 0.19% 100.00% 53.70%
Securitized
0.00% 0.00% 96.61% 90.23%
Corporate
0.00% 0.00% 99.81% 90.23%
Municipal
0.00% 0.00% 3.24% 90.23%
Government
0.00% 0.00% 69.19% 90.23%
Derivative
-0.01% 0.00% 10.66% 98.15%

Bond Geographic Breakdown

Weighting Return Low Return High CSDIX % Rank
US
0.55% -3.17% 96.67% 13.04%
Non US
0.00% 0.00% 12.48% 90.58%

CSDIX - Expenses

Operational Fees

CSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.07% 26.04% 74.73%
Management Fee 0.67% 0.00% 1.50% 36.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.45% 16.22%

Sales Fees

CSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CSDIX 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.

CSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.11% 380.00% 59.92%

CSDIX - Distributions

Dividend Yield Analysis

CSDIX Category Low Category High CSDIX % Rank
Dividend Yield 3.45% 0.00% 13.02% 32.97%

Dividend Distribution Analysis

CSDIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

CSDIX Category Low Category High CSDIX % Rank
Net Income Ratio 0.73% -1.14% 6.05% 71.43%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CSDIX - Fund Manager Analysis

Managers

Jason Yablon


Start Date

Tenure

Tenure Rank

May 01, 2013

9.09

9.1%

Jason A. Yablon, Senior Vice President, is a senior portfolio manager for U.S. real estate securities portfolios. He has 20 years of experience. Prior to joining Cohen & Steers in 2004, Mr. Yablon was a sell-side analyst at Morgan Stanley for four years, focusing most recently on apartment and health care REITs. Mr. Yablon has a BA from the University of Pennsylvania. He is based in New York.

Mathew Kirschner


Start Date

Tenure

Tenure Rank

Nov 30, 2020

1.5

1.5%

Mathew Kirschner, CFA, Senior Vice President, is a portfolio manager for U.S. real estate portfolios and has analyst coverage responsibilities for the net lease sector. He has 19 years of investment experience. Prior to joining the firm in 2004, Mr. Kirschner was a product research and development analyst at AllianceBernstein for three years. Mr. Kirschner has a BA from Emory University and an MBA from New York University Stern School of Business, with a concentration in Finance and Accounting. He is based in New York.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 7.85 2.23