LPXZX: Cohen & Steers Low Duration Pref & Inc Z

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LPXZX Cohen & Steers Low Duration Pref & Inc Z


Profile

LPXZX - Profile

Vitals

  • YTD Return -1.7%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.76 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$10.00
$8.41
$10.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.91%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cohen & Steers Low Duration Preferred and Income Fund
  • Fund Family Name
    Cohen & Steers
  • Inception Date
    Nov 30, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Elaine Zaharis-Nikas

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter ("OTC"). It also will invest at least 25% of its net assets in the financials sector, which is comprised of the bank, diversified financials, real estate (including real estate investment trusts ("REITs")) and insurance industries.


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Categories

Performance

LPXZX - Performance

Return Ranking - Trailing

Period LPXZX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -29.9% 34.0% 59.38%
1 Yr -1.0% -30.4% 30.9% 64.74%
3 Yr -0.9%* -13.2% 11.8% 66.91%
5 Yr N/A* -8.3% 10.0% N/A
10 Yr N/A* -5.2% 9.0% N/A

* Annualized

Return Ranking - Calendar

Period LPXZX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -8.6% 24.4% 98.06%
2018 -5.8% -15.4% -2.5% 12.14%
2017 1.9% -7.8% 15.4% 80.15%
2016 -0.3% -4.1% 14.2% 78.03%
2015 N/A -26.1% 2.5% N/A

Total Return Ranking - Trailing

Period LPXZX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -29.9% 34.0% 59.38%
1 Yr -1.0% -30.4% 30.9% 64.74%
3 Yr 1.4%* -10.3% 17.2% 58.99%
5 Yr N/A* -5.6% 13.6% N/A
10 Yr N/A* -5.2% 12.0% N/A

* Annualized

Total Return Ranking - Calendar

Period LPXZX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -8.6% 24.4% 96.77%
2018 -1.8% -15.4% 4.5% 12.86%
2017 6.6% -1.0% 18.4% 68.38%
2016 3.9% -4.1% 20.1% 58.33%
2015 N/A -26.1% 6.2% N/A

NAV & Total Return History


Holdings

LPXZX - Holdings

Concentration Analysis

LPXZX Category Low Category High LPXZX % Rank
Net Assets 1.76 B 196 K 9.94 B 31.71%
Number of Holdings 179 38 373 29.27%
Net Assets in Top 10 308 M -276 M 1.01 B 41.46%
Weighting of Top 10 18.90% 10.4% 72.4% 62.20%

Top 10 Holdings

  1. Dai-Ichi Life Holdings Inc 7.25% 2.34%
  2. BNP Paribas 7.62% 2.24%
  3. The Charles Schwab Corporation 5.38% 2.10%
  4. Mitsui Sumitomo Insurance Co., Ltd. 7% 2.07%
  5. Farm Credit Bank of Texas 10 % Perp Pfd Shs -B- Series -1- 2.03%
  6. Citigroup Inc. 5.95% 1.88%
  7. Prudential Financial, Inc. 5.62% 1.78%
  8. Credit Suisse Group AG 7.5% 1.59%
  9. Prudential Financial, Inc. 5.88% 1.48%
  10. GE Capital International Funding Company Unlimited Company 3.37% 1.39%

Asset Allocation

Weighting Return Low Return High LPXZX % Rank
Bonds
70.12% -14.80% 70.12% 1.22%
Convertible Bonds
16.92% 0.00% 108.22% 81.10%
Preferred Stocks
9.81% 0.00% 77.66% 70.12%
Cash
3.14% -6.08% 15.79% 46.95%
Stocks
0.00% -0.82% 47.79% 81.10%
Other
0.00% 0.00% 15.69% 76.22%

Bond Sector Breakdown

Weighting Return Low Return High LPXZX % Rank
Corporate
96.86% 41.81% 100.00% 40.24%
Cash & Equivalents
3.14% 0.00% 29.37% 49.39%
Derivative
0.00% 0.00% 18.89% 43.29%
Securitized
0.00% 0.00% 5.82% 40.85%
Municipal
0.00% 0.00% 0.00% 37.80%
Government
0.00% 0.00% 21.61% 58.54%

Bond Geographic Breakdown

Weighting Return Low Return High LPXZX % Rank
US
52.23% -14.80% 59.85% 3.05%
Non US
17.89% 0.00% 34.48% 7.32%

Expenses

LPXZX - Expenses

Operational Fees

LPXZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.41% 94.07% 90.57%
Management Fee 0.65% 0.00% 1.42% 31.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.55% 33.33%

Sales Fees

LPXZX 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

LPXZX 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.

LPXZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 5.00% 175.00% 54.88%

Distributions

LPXZX - Distributions

Dividend Yield Analysis

LPXZX Category Low Category High LPXZX % Rank
Dividend Yield 0.00% 0.00% 6.47% 43.29%

Dividend Distribution Analysis

LPXZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

LPXZX Category Low Category High LPXZX % Rank
Net Income Ratio 3.91% -0.26% 9.30% 38.99%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LPXZX - Fund Manager Analysis

Managers

Elaine Zaharis-Nikas


Start Date

Tenure

Tenure Rank

Nov 30, 2015

4.76

4.8%

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

Nov 30, 2015

4.76

4.8%

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 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.

Tenure Analysis

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