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Trending ETFs

Name

As of 04/19/2024

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

$11.86

$7.92 B

0.00%

0.84%

Vitals

YTD Return

2.1%

1 yr return

10.5%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

2.2%

Net Assets

$7.92 B

Holdings in Top 10

12.9%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/19/2024

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

$11.86

$7.92 B

0.00%

0.84%

CPXIX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

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

Fund Description

The Fund pursues its objective primarily by investing in issues of preferred and debt securities believed to be undervalued relative to credit quality and other investment characteristics. In making this determination, the Advisor evaluates the fundamental characteristics of an issuer, including an issuer’s creditworthiness, and also takes into account prevailing market factors. In analyzing credit quality, the Advisor considers not only fundamental analysis, but also an issuer’s corporate and capital structure and the placement of the preferred or debt securities within that structure. In evaluating relative value, the Advisor also takes into account call, conversion and other structural security features, in addition to such factors as the likely directions of credit ratings and relative value versus other income security classes. 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 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, 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, closed-end or exchange-traded funds (“ETFs”) that invest primarily in preferred and/or debt securities as described herein. To the extent the Fund invests in securities of other open-end, closed-end or ETFs, the Fund will consider the investments of these funds, to the extent known by the Fund, in determining compliance with this policy. 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 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. From time to time, the Fund may have 25% or more of its net assets invested in any one of these industries. In addition, the Fund also may focus its investments in other sectors or industries, such as (but not limited to) energy, industrials, utilities, pipelines, health care and telecommunications. The Advisor retains broad discretion to allocate the Fund’s investments across various sectors and industries. 
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. Typically, emerging markets are in countries that are in the process of industrialization, with lower gross national products per capita than more developed countries. 
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. 
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 in 
connection with its investments in securities of non-U.S. companies. 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. 
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CPXIX - Performance

Return Ranking - Trailing

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -4.2% 3.7% 33.33%
1 Yr 10.5% 2.5% 19.1% 39.74%
3 Yr -1.4%* -8.9% 6.2% 58.33%
5 Yr 2.2%* -5.5% 5.2% 51.52%
10 Yr 4.1%* 0.6% 4.6% 17.78%

* Annualized

Return Ranking - Calendar

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.3% -3.6% 14.2% 70.51%
2022 -16.7% -29.4% -9.6% 41.67%
2021 -2.1% -3.4% 17.2% 90.28%
2020 0.8% -24.8% 9.0% 46.38%
2019 11.8% 6.4% 19.1% 47.69%

Total Return Ranking - Trailing

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -4.2% 3.7% 33.33%
1 Yr 10.5% 2.5% 19.1% 39.74%
3 Yr -1.4%* -8.9% 6.2% 58.33%
5 Yr 2.2%* -5.5% 5.2% 51.52%
10 Yr 4.1%* 0.6% 4.6% 17.78%

* Annualized

Total Return Ranking - Calendar

Period CPXIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -1.9% 26.5% 62.82%
2022 -12.4% -26.0% -5.8% 43.06%
2021 1.8% -2.5% 27.4% 77.78%
2020 6.5% -19.2% 12.3% 26.09%
2019 17.8% 10.0% 32.0% 49.23%

NAV & Total Return History


CPXIX - Holdings

Concentration Analysis

CPXIX Category Low Category High CPXIX % Rank
Net Assets 7.92 B 24.1 M 14.5 B 5.13%
Number of Holdings 305 45 450 17.95%
Net Assets in Top 10 983 M 7.69 M 1.65 B 5.13%
Weighting of Top 10 12.93% 12.1% 48.1% 94.87%

Top 10 Holdings

  1. Wells Fargo Co 2.13%
  2. iShares Preferred Income Securities ETF 2.01%
  3. BP Capital Markets PLC 1.28%
  4. Charles Schwab Corp/The 1.22%
  5. Citigroup Inc 1.14%
  6. BNP Paribas SA 1.13%
  7. MetLife Capital Trust IV 1.04%
  8. UBS Group AG 1.02%
  9. Emera Inc 1.01%
  10. Charles Schwab Corp/The 0.95%

Asset Allocation

Weighting Return Low Return High CPXIX % Rank
Bonds
79.33% 0.00% 98.46% 44.87%
Convertible Bonds
27.71% 0.00% 31.65% 21.33%
Preferred Stocks
14.84% 0.00% 125.53% 66.67%
Cash
2.99% -0.02% 10.76% 21.79%
Stocks
2.92% 0.00% 28.30% 11.54%
Other
-0.08% -4.48% 12.19% 88.46%

Stock Sector Breakdown

Weighting Return Low Return High CPXIX % Rank
Utilities
0.00% 0.00% 100.00% 100.00%
Technology
0.00% 0.00% 0.00% 100.00%
Real Estate
0.00% 0.00% 100.00% 100.00%
Industrials
0.00% 0.00% 7.56% 100.00%
Healthcare
0.00% 0.00% 4.02% 100.00%
Financial Services
0.00% 0.00% 100.00% 30.43%
Energy
0.00% 0.00% 11.41% 100.00%
Communication Services
0.00% 0.00% 1.77% 100.00%
Consumer Defense
0.00% 0.00% 0.00% 100.00%
Consumer Cyclical
0.00% 0.00% 0.00% 100.00%
Basic Materials
0.00% 0.00% 0.00% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High CPXIX % Rank
US
2.92% 0.00% 28.30% 11.54%
Non US
0.00% 0.00% 1.93% 94.87%

Bond Sector Breakdown

Weighting Return Low Return High CPXIX % Rank
Corporate
96.55% 62.31% 100.00% 72.00%
Cash & Equivalents
1.60% 0.00% 10.76% 50.00%
Government
0.37% 0.00% 21.71% 36.00%
Securitized
0.00% 0.00% 0.00% 94.67%
Municipal
0.00% 0.00% 0.00% 94.67%
Derivative
-0.08% -0.63% 12.19% 89.74%

Bond Geographic Breakdown

Weighting Return Low Return High CPXIX % Rank
US
74.18% 0.00% 98.46% 46.15%
Non US
5.14% 0.00% 22.53% 23.08%

CPXIX - Expenses

Operational Fees

CPXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.05% 4.46% 67.53%
Management Fee 0.69% 0.00% 1.00% 46.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.55% 40.00%

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% 1.00% N/A

Trading Fees

CPXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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 45.00% 12.00% 199.00% 79.41%

CPXIX - Distributions

Dividend Yield Analysis

CPXIX Category Low Category High CPXIX % Rank
Dividend Yield 0.00% 0.00% 9.74% 34.62%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CPXIX Category Low Category High CPXIX % Rank
Net Income Ratio 3.68% 0.88% 7.54% 59.46%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CPXIX - Fund Manager Analysis

Managers

William Scapell


Start Date

Tenure

Tenure Rank

May 03, 2010

12.08

12.1%

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

7.38

7.4%

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.

Jerry Dorost


Start Date

Tenure

Tenure Rank

Apr 29, 2022

0.09

0.1%

Jerry Dorost, CFA, Senior Vice President, is a portfolio manager for fixed income and preferred securities portfolios and has analyst coverage responsibilities for banks, utilities and midstream energy. He has 16 years of investment experience. Prior to joining the firm in 2010, Mr. Dorost was with Citigroup, where his coverage included banks, mortgage lenders and other financial companies. Mr. Dorost has a BS from Columbia University and is based in New York.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.8 11.42