# Cohen & Steers Preferred Sec & Inc A (CPXAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cpxax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Cohen & Steers · Asset class: Bond - Strategy: Actively Managed · Inception: 2010-05-03 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. ## Key Facts | Metric | Value | |---|---| | Price | $12.03 | | Expense Ratio | 1.13% | | AUM (All Share Classes) | $6.92B | | NAV | $12.03 (2026-10-29 close) | | Holdings Count | — | | Distribution Yield (TTM) | 5.81% | | Annual Distribution (TTM) | $0.70 /share | | Distribution Frequency | Monthly | | 52-Week Range | $11.94 – $12.72 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.0595 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 5.81%, 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. ### Does CPXAX pay a dividend? Yes, Cohen & Steers Preferred Sec & Inc A (CPXAX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.81%. Full dividend history is on this page. ### How often does CPXAX pay dividends? Cohen & Steers Preferred Sec & Inc A pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is CPXAX's next ex-dividend date? The most recently announced ex-dividend date for CPXAX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will CPXAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.13% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CPXAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CPXAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CPXAX cost more than a fund like VOO? CPXAX is actively managed (current expense ratio 1.13%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether CPXAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to CPXAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as CPXAX (1.13%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cpxax - Distribution history: https://www.dividenddata.com/funds/cpxax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cpxax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cpxax/expenses - Peer comparison: https://www.dividenddata.com/funds/cpxax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.