Cohen & Steers Preferred Sec & Inc A

Frequently Asked Questions About CPXAX

What does CPXAX invest in?

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. It also will invest at least 25% of its net assets in the financial sector. 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.

What is the expense ratio of CPXAX?

Cohen & Steers Preferred Sec & Inc A (CPXAX) charges an expense ratio of 1.13%. This is the annual fee deducted from fund assets to cover management and operations.

What is CPXAX's dividend yield?

CPXAX's trailing-twelve-month yield is 5.82%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CPXAX?

Effective duration measures CPXAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CPXAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CPXAX?

CPXAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CPXAX?

Yield to maturity (YTM) is the total return you'd earn from CPXAX if every bond in the portfolio is held to maturity at the current price. CPXAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.