- 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.
- How big is CPXIX?
- Cohen & Steers Preferred Sec & Inc I (CPXIX) manages $7.20B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is CPXIX actively managed or an index fund?
- CPXIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was CPXIX launched?
- Cohen & Steers Preferred Sec & Inc I (CPXIX) launched in May 2010 and is managed by the fund issuer.
- How has CPXIX performed?
- CPXIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
