Cohen & Steers Preferred Sec & Inc I

Frequently Asked Questions About CPXIX

What does CPXIX invest in?

The Cohen & Steers Preferred Sec & Inc I fund allocates a significant portion—at least 80% of its total investable capital (net assets plus any borrowed funds)—to a diverse portfolio of preferred shares and fixed-income instruments. These income-generating assets are issued by both U.S. and international corporations. Furthermore, a minimum of 25% of the fund's net assets is specifically directed towards companies operating within the financial sector. The fund maintains unlimited flexibility regarding its exposure to securities from non-U.S. companies, and these investments may be denominated in currencies other than the U.S. dollar. It also has the option to invest up to 15% of its net assets in securities from entities located in emerging market nations.

What is the expense ratio of CPXIX?

Cohen & Steers Preferred Sec & Inc I (CPXIX) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is CPXIX's dividend yield?

CPXIX's trailing-twelve-month yield is 6.09%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CPXIX?

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

What is the credit quality of CPXIX?

CPXIX'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 CPXIX?

Yield to maturity (YTM) is the total return you'd earn from CPXIX if every bond in the portfolio is held to maturity at the current price. CPXIX'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.