DVFAX: Cohen & Steers Dividend Value A

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DVFAX Cohen & Steers Dividend Value A


Profile

DVFAX - Profile

Vitals

  • YTD Return -28.9%
  • 3 Yr Annualized Return -17.4%
  • 5 Yr Annualized Return -12.0%
  • Net Assets $95.8 M
  • Holdings in Top 10 15.1%

52 WEEK LOW AND HIGH

$8.57
$7.26
$13.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.79%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 158.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -28.9%
  • 3 Yr Annualized Total Return -11.6%
  • 5 Yr Annualized Total Return -4.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cohen & Steers Alternative Income Fund
  • Fund Family Name
    Cohen & Steers
  • Inception Date
    Aug 31, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Rhine

Fund Description

Under normal market conditions, the fund invests primarily in U.S. and non-U.S. investments providing exposure to or investments in the following asset classes: (i) preferred and debt securities; (ii) real estate companies, including REITs; (iii) infrastructure companies; (iv) MLPs and midstream energy companies; and (v) natural resource companies. It may invest without limit in companies located outside of the U.S. or doing a substantial amount of business outside the U.S. and in securities of non-U.S. companies, which may be non-U.S. dollar denominated.


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Categories

Performance

DVFAX - Performance

Return Ranking - Trailing

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -28.9% -42.6% 8.7% 98.33%
1 Yr -36.9% -43.4% 22.6% 99.09%
3 Yr -17.4%* -19.2% 10.6% 99.39%
5 Yr -12.0%* -15.4% 6.9% 99.32%
10 Yr -2.8%* -5.8% 9.7% 96.43%

* Annualized

Return Ranking - Calendar

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.5% -5.5% 25.7% 97.84%
2018 -21.6% -32.7% 10.9% 96.95%
2017 3.8% -3.7% 19.3% 85.30%
2016 3.2% -43.7% 16.1% 47.84%
2015 -11.5% -19.4% 6.0% 93.51%

Total Return Ranking - Trailing

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -28.9% -42.6% 8.7% 98.33%
1 Yr -36.9% -43.4% 22.6% 99.09%
3 Yr -11.6%* -19.2% 10.6% 98.29%
5 Yr -4.9%* -15.4% 7.1% 91.51%
10 Yr 3.4%* -5.8% 9.7% 52.23%

* Annualized

Total Return Ranking - Calendar

Period DVFAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.5% -5.5% 25.7% 97.84%
2018 -14.8% -32.7% 10.9% 89.91%
2017 17.6% -3.7% 22.1% 11.93%
2016 14.0% -43.7% 20.7% 1.18%
2015 -3.9% -16.4% 8.0% 58.25%

NAV & Total Return History


Holdings

DVFAX - Holdings

Concentration Analysis

DVFAX Category Low Category High DVFAX % Rank
Net Assets 95.8 M 3.96 M 95.5 B 83.50%
Number of Holdings 204 4 4602 32.34%
Net Assets in Top 10 12.6 M -11.7 B 23 B 90.37%
Weighting of Top 10 15.08% 4.9% 100.0% 90.61%

Top 10 Holdings

  1. Energy Transfer LP 2.24%
  2. Assurant Inc. 7% 1.88%
  3. Enterprise Products Partners LP 1.83%
  4. MPLX LP Partnership Units 1.72%
  5. EMERA INCORPORATED 6.75% 1.65%
  6. Voya Financial Inc 6.12% 1.19%
  7. Western Midstream Partners LP 1.19%
  8. EQM Midstream Partners LP 1.18%
  9. Citigroup Inc. 6.25% 1.12%
  10. Enable Midstream Partners LP 1.08%

Asset Allocation

Weighting Return Low Return High DVFAX % Rank
Stocks
53.58% 0.00% 80.06% 54.49%
Bonds
24.41% -1244.78% 179.84% 72.20%
Convertible Bonds
9.55% 0.00% 71.52% 1.88%
Preferred Stocks
8.79% 0.00% 33.71% 1.77%
Cash
3.03% -106.59% 1319.41% 71.21%
Other
0.62% -7.95% 62.97% 35.66%

Stock Sector Breakdown

Weighting Return Low Return High DVFAX % Rank
Energy
41.94% 0.00% 41.94% 0.11%
Real Estate
27.08% 0.00% 90.70% 4.68%
Basic Materials
9.72% 0.00% 15.68% 2.00%
Utilities
7.41% 0.00% 71.13% 11.14%
Industrials
7.35% 0.00% 23.34% 89.64%
Consumer Defense
5.90% 0.00% 22.18% 77.84%
Communication Services
0.60% 0.00% 38.92% 97.88%
Technology
0.00% 0.00% 36.56% 98.55%
Healthcare
0.00% 0.00% 34.26% 98.11%
Financial Services
0.00% 0.00% 34.17% 98.66%
Consumer Cyclical
0.00% 0.00% 25.82% 99.11%

Stock Geographic Breakdown

Weighting Return Low Return High DVFAX % Rank
US
31.88% -5.64% 61.27% 55.70%
Non US
21.70% -1.59% 36.97% 31.12%

Bond Sector Breakdown

Weighting Return Low Return High DVFAX % Rank
Corporate
93.25% 0.00% 97.52% 0.89%
Cash & Equivalents
6.75% -3.64% 100.00% 80.40%
Derivative
0.00% -0.04% 71.78% 74.20%
Securitized
0.00% 0.00% 64.61% 94.91%
Municipal
0.00% 0.00% 31.37% 83.50%
Government
0.00% 0.00% 86.03% 98.34%

Bond Geographic Breakdown

Weighting Return Low Return High DVFAX % Rank
US
15.32% -1276.32% 97.03% 84.39%
Non US
9.09% -273.52% 82.81% 33.89%

Expenses

DVFAX - Expenses

Operational Fees

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.79% 0.01% 22.24% 12.40%
Management Fee 0.70% 0.00% 1.90% 78.96%
12b-1 Fee 0.25% 0.00% 1.00% 31.47%
Administrative Fee 0.02% 0.01% 0.47% 0.96%

Sales Fees

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 84.66%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DVFAX 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.

DVFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 158.00% 0.00% 447.00% 92.26%

Distributions

DVFAX - Distributions

Dividend Yield Analysis

DVFAX Category Low Category High DVFAX % Rank
Dividend Yield 0.00% 0.00% 13.53% 43.41%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DVFAX Category Low Category High DVFAX % Rank
Net Income Ratio 2.06% -0.95% 6.49% 42.97%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DVFAX - Fund Manager Analysis

Managers

Christopher Rhine


Start Date

Tenure

Tenure Rank

Aug 01, 2014

5.67

5.7%

Christopher Rhine—Mr. Rhine is a portfolio manager of the Fund and Senior Vice President ofCohen & Steers Capital Management, Inc. He joined Cohen & Steers Capital Management, Inc in 2012 as an analyst specializing in natural resource equities and large cap value stocks. He has 12 years of investment experience. From 2002 to 2012, Mr. Rhine was an equity analyst with Blackrock, where he primarily covered the global industrials and materials sectors. He also has research experience in the global energy and information technology sectors. Mr. Rhine has an MBA from New York University and a BS from Drexel University.

Benjamin Morton


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.75

0.8%

Benjamin Morton, Executive Vice President, is head of Global Infrastructure and a senior portfolio manager for Cohen & Steers' Infrastucture portfolios. Prior to joining Cohen & Steers in 2003, Mr. Morton worked at Salomon Smith Barney as a research assocate for three years, covering the utility and pipelines sectors. He also worked at New York Mercantile Exchange as a resarch analyst. Mr Morton holds a BA from the University of Rochester and and an MES from Yale University. He is Based in New York.

Vincent Childers


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.75

0.8%

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

0.75

0.8%

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

0.75

0.8%

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 26 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

John Cheigh


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.75

0.8%

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.

Tyler Rosenlicht


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.75

0.8%

Tyler Rosenlicht, Senior Vice President, is Head of Midstream Energy & MLPs and a portfolio manager for Cohen & Steers’ Midstream Energy and MLP strategies and serves as a portfolio manager on the company’s broader Global Listed Infrastructure strategies. He has 10 years of investment experience. Prior to joining the firm in 2012, Mr. Rosenlicht was an investment banking associate with Keefe, Bruyette & Woods and an investment banking analyst with Wachovia Securities. Mr. Rosenlicht has a BA from the University of Richmond and an MBA from Georgetown University. He is based in New York.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.27 6.04 0.25