Fund
CSUZX
Price as of:
$25.11
- $0.29
- 1.14%
Primary Theme
fund company
Name
As of 10/07/2024Price
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
Vitals
YTD Return
17.4%
1 yr return
34.4%
3 Yr Avg Return
6.8%
5 Yr Avg Return
6.3%
Net Assets
$777 M
Holdings in Top 10
40.3%
52 WEEK LOW AND HIGH
$25.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
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
CSUZX - Profile
Distributions
- YTD Total Return 17.4%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.75%
- Dividend Yield 2.5%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameCohen & Steers Global Infrastructure Fund Inc.
-
Fund Family NameCOHENSTEER
-
Inception DateOct 01, 2014
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBenjamin Morton
Fund Description
In making investment decisions with respect to common stocks and other equity securities issued by infrastructure companies, the Advisor and the Fund’s sub-investment advisors, Cohen & Steers Asia Limited and Cohen & Steers UK Limited (the “Subadvisors”), rely on a fundamental analysis of each company. Securities are evaluated for their potential to provide an attractive total return through a combination of current income and capital appreciation. The Advisor and Subadvisors review each company’s potential for success in light of general economic and industry trends, as well as the company’s quality of management, financial condition, business plan, industry and sector market positionand dividend payout ratio. The Advisor and Subadvisors utilize a value-oriented approach, and evaluate each company’s valuation on the basis of relative price/cash flow and price/earnings multiples, earnings growth rate, dividend yield, and price/book value, among other metrics. The Fund will not seek to achieve specific environmental, social and 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 emission regulation, this risk may be considered as one factor in the Advisor’s holistic reviewprocess.Under normal market conditions, the Fund invests at least 80% of its total assets in U.S. and non-U.S. common stocks and other equity securities issued by infrastructure companies, which consist of utilities, pipelines, toll roads, airports, railroads, marine ports, telecommunications companies and other infrastructure companies.These equity securities can consist of: common stocks; rights or warrants to purchase common stocks; securities convertible into common stocks where the conversion feature represents, in the Advisor’s view, a significant element of the securities’ value; preferred stocks; equity units; initial public offerings (“IPOs”) of equity securities; and private investments in public equity (“PIPEs”). The Fund may invest in infrastructure securities that in certain instances are structured as Real Estate Investment Trusts (“REITs”). Under normal market conditions, the Fund invests at least 40%, unless market conditions are not deemed favorable by the Advisor, in which case the Fund would invest at least 30%, of its total assets in companies organized or located outside the U.S. or doing a substantial amount of business outside of the U.S. The Fund will invest in infrastructure companies primarily in developed countries, but may invest in securities of infrastructure 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. Accordingly, the Fund will hold securities and instruments denominated in non-U.S. currencies, or sponsored and unsponsored depositary receipts for such securities.Infrastructure companies are companies that derive at least 50% of their revenues from, or have at least 50% of their assets committed to, the management, ownership, operation, construction, development,servicing or financing of assets used in connection with: the generation, production, transmission, sale or distribution of electric energy, natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or other energy sources; the distribution, purification and treatment of water; provision of communications services, including cable television, internet, wireless voice, data services, video services, satellite, microwave, radio, telephone and other communications media; or the provision of transportation services, including toll roads, airports, railroads or marine ports. Infrastructure companies also include companies organized as master limited partnerships (“MLPs”) and their affiliates, and the Fund may invest up to 25% of its total assets in these energy-related MLPs and their affiliates.The Fund may invest up to 20% of its net assets in preferred securities and other fixed-income securities, including preferred stock, hybrid-preferred securities, corporate debt obligations and debt securities issued or guaranteed by the U.S. government or its agencies or instrumentalities. The Fund may also invest up to 20% of its net assets in below investment grade securities. A security will be considered to be investment grade if it is rated as such by one nationally recognized statistical rating organization (for example, minimum Baa3 or BBB- by Moody’s or S&P, respectively) or, if unrated, is judged to be investment grade by the Advisor or a Subadvisor. Below investment grade quality securities, or securities that are unrated but judged to be below investment grade by the Advisor, are commonly referred to as “high yield” or “junk” securities.The Fund has adopted a fundamental policy (which cannot be changed without shareholder approval) whereby the Fund may not invest more than 25% of its net assets in securities of issuers in any one industry, except for securities in infrastructure companies.The Fund may engage in foreign currency transactions, including 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 foreign currency transactions will be to reduce the foreign currency risk inherent in the Fund’s investments.
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CSUZX - Performance
Return Ranking - Trailing
| Period | CSUZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.4% | 2.4% | 25.2% | 10.00% |
| 1 Yr | 34.4% | 14.5% | 38.6% | 5.00% |
| 3 Yr | 6.8%* | -7.2% | 17.1% | 13.00% |
| 5 Yr | 6.3%* | -1.1% | 22.6% | 28.05% |
| 10 Yr | 6.9%* | 2.3% | 9.3% | 14.00% |
* Annualized
Return Ranking - Calendar
| Period | CSUZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.1% | -17.5% | 30.1% | 62.00% |
| 2022 | -8.4% | -28.1% | -3.4% | 14.00% |
| 2021 | 12.8% | -28.7% | 35.7% | 30.53% |
| 2020 | -3.0% | -12.5% | 28.8% | 36.14% |
| 2019 | 22.3% | 9.9% | 33.6% | 54.88% |
Total Return Ranking - Trailing
| Period | CSUZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.4% | 2.4% | 25.2% | 10.00% |
| 1 Yr | 34.4% | 14.5% | 38.6% | 5.00% |
| 3 Yr | 6.8%* | -7.2% | 17.1% | 13.00% |
| 5 Yr | 6.3%* | -1.1% | 22.6% | 28.05% |
| 10 Yr | 6.9%* | 2.3% | 9.3% | 14.00% |
* Annualized
Total Return Ranking - Calendar
| Period | CSUZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -15.6% | 31.0% | 67.00% |
| 2022 | -4.9% | -27.1% | -0.5% | 16.00% |
| 2021 | 16.6% | -3.5% | 36.4% | 21.05% |
| 2020 | -1.3% | -11.2% | 29.9% | 38.55% |
| 2019 | 24.5% | 16.7% | 35.3% | 82.93% |
NAV & Total Return History
CSUZX - Holdings
Concentration Analysis
| CSUZX | Category Low | Category High | CSUZX % Rank | |
|---|---|---|---|---|
| Net Assets | 777 M | 1.83 M | 8.77 B | 20.00% |
| Number of Holdings | 58 | 26 | 233 | 27.00% |
| Net Assets in Top 10 | 305 M | 823 K | 5.05 B | 18.00% |
| Weighting of Top 10 | 40.28% | 7.6% | 62.5% | 56.00% |
Top 10 Holdings
- NextEra Energy Inc 6.85%
- American Tower Corp 5.27%
- Duke Energy Corp 4.04%
- TC Energy Corp 4.02%
- NiSource Inc 3.84%
- Cheniere Energy Inc 3.42%
- PPL Corp 3.37%
- Public Service Enterprise Group Inc 3.35%
- PGE Corp 3.23%
- Pembina Pipeline Corp 2.89%
Asset Allocation
| Weighting | Return Low | Return High | CSUZX % Rank | |
|---|---|---|---|---|
| Stocks | 100.35% | 86.92% | 101.95% | 3.00% |
| Cash | 0.68% | 0.00% | 8.05% | 78.00% |
| Preferred Stocks | 0.00% | 0.00% | 2.81% | 41.00% |
| Other | 0.00% | -0.33% | 8.99% | 55.00% |
| Convertible Bonds | 0.00% | 0.00% | 2.46% | 38.00% |
| Bonds | 0.00% | 0.00% | 6.41% | 39.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSUZX % Rank | |
|---|---|---|---|---|
| Utilities | 44.86% | 3.71% | 96.19% | 40.00% |
| Industrials | 33.35% | 0.00% | 68.24% | 22.00% |
| Energy | 11.10% | 0.00% | 32.46% | 62.00% |
| Real Estate | 7.88% | 0.00% | 23.51% | 46.00% |
| Communication Services | 1.89% | 0.00% | 27.53% | 69.00% |
| Technology | 0.92% | 0.00% | 25.65% | 26.00% |
| Healthcare | 0.00% | 0.00% | 6.54% | 40.00% |
| Financial Services | 0.00% | 0.00% | 17.28% | 45.00% |
| Consumer Defense | 0.00% | 0.00% | 0.99% | 42.00% |
| Consumer Cyclical | 0.00% | 0.00% | 10.02% | 43.00% |
| Basic Materials | 0.00% | 0.00% | 25.54% | 53.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSUZX % Rank | |
|---|---|---|---|---|
| US | 58.57% | 2.02% | 99.99% | 11.00% |
| Non US | 41.78% | 0.00% | 97.23% | 70.00% |
CSUZX - Expenses
Operational Fees
| CSUZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.30% | 21.87% | 88.00% |
| Management Fee | 0.75% | 0.30% | 1.00% | 19.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.04% | 0.15% | 5.88% |
Sales Fees
| CSUZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| CSUZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| CSUZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 13.00% | 128.00% | 68.35% |
CSUZX - Distributions
Dividend Yield Analysis
| CSUZX | Category Low | Category High | CSUZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.45% | 0.00% | 5.50% | 54.00% |
Dividend Distribution Analysis
| CSUZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| CSUZX | Category Low | Category High | CSUZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.75% | -0.39% | 4.38% | 40.63% |
Capital Gain Distribution Analysis
| CSUZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2023 | $0.244 | OrdinaryDividend |
| Jun 30, 2023 | $0.304 | OrdinaryDividend |
| Dec 08, 2022 | $0.538 | OrdinaryDividend |
| Jun 30, 2022 | $0.311 | OrdinaryDividend |
| Dec 09, 2021 | $0.575 | OrdinaryDividend |
| Jun 30, 2021 | $0.196 | OrdinaryDividend |
| Dec 10, 2020 | $0.131 | OrdinaryDividend |
| Jun 30, 2020 | $0.214 | OrdinaryDividend |
| Dec 04, 2019 | $0.159 | OrdinaryDividend |
| Jun 28, 2019 | $0.205 | OrdinaryDividend |
| Dec 06, 2018 | $0.178 | OrdinaryDividend |
| Dec 06, 2018 | $0.055 | CapitalGainLongTerm |
| Jun 29, 2018 | $0.202 | OrdinaryDividend |
| Jun 29, 2018 | $0.278 | CapitalGainLongTerm |
| Dec 06, 2017 | $0.186 | OrdinaryDividend |
| Dec 06, 2017 | $0.726 | CapitalGainLongTerm |
| Jun 30, 2017 | $0.258 | OrdinaryDividend |
| Dec 08, 2016 | $0.180 | OrdinaryDividend |
| Jun 30, 2016 | $0.232 | OrdinaryDividend |
| Dec 10, 2015 | $0.185 | OrdinaryDividend |
| Dec 10, 2015 | $0.681 | CapitalGainLongTerm |
| Jun 30, 2015 | $0.198 | OrdinaryDividend |
| Dec 11, 2014 | $0.118 | OrdinaryDividend |
CSUZX - Fund Manager Analysis
Managers
Benjamin Morton
Start Date
Tenure
Tenure Rank
Apr 01, 2008
14.17
14.2%
Benjamin Morton, Executive Vice President, is Head of Global Infrastructure and a senior portfolio manager for Cohen & Steers' infrastructure portfolios, including those focused on master limited partnerships. He has 21 years of infrastructure-related investment experience. Prior to joining Cohen & Steers in 2003, Mr. Morton worked at Salomon Smith Barney as a research associate for three years, covering the utility and pipelines sectors. He also worked at New York Mercantile Exchange as a research analyst. Mr. Morton holds a BA from the University of Rochester and an MES from Yale University. He is based in New York.
Tyler Rosenlicht
Start Date
Tenure
Tenure Rank
Jan 11, 2022
0.38
0.4%
Tyler Rosenlicht, Senior Vice President, is a portfolio manager on the Global Listed Infrastructure team and serves as Head of Midstream Energy & MLPs. He has 12 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.
Thuy Quynh Dang
Start Date
Tenure
Tenure Rank
Jan 11, 2022
0.38
0.4%
Thuy Quynh Dang, Vice President, is a portfolio manager specializing in infrastructure securities. She has 19 years of infrastructure related investment experience. Prior to joining the firm in 2011, Ms. Dang was an analyst with Barclay’s Wealth in London, where she covered the pan European utility, energy and materials sectors. Previously, Ms. Dang was a European utility equity research analyst with Merrill Lynch in London, where she had also served as a member of the company’s European energy and utility investment banking group. Ms. Dang has an MA from HEC Paris, France’s premier graduate school of management. She is based in London.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 18.18 | 5.98 | 8.08 |