Cohen & Steers Prfrd Secs & Inc SMA Shrs
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-13.7%
1 yr return
-6.7%
3 Yr Avg Return
4.7%
5 Yr Avg Return
N/A
Net Assets
$324 M
Holdings in Top 10
15.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Preferred Stock
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
PISHX - Profile
Distributions
- YTD Total Return -13.7%
- 3 Yr Annualized Total Return 4.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.47%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCohen & Steers Preferred Securities and Income SMA Shares
-
Fund Family NameCohen & Steers
-
Inception DateMar 01, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerElaine Zaharis-Nikas
Fund Description
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies. It may invest a significant portion of its assets in OTC preferred and income securities. The fund also will invest at least 25% of its net assets in the financials sector. It may invest without limit in securities of non-U.S. companies including up to 15% of the fund's net assets in securities issued by companies domiciled in emerging market countries.
PISHX - Performance
Return Ranking - Trailing
Period | PISHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -13.7% | -20.3% | -0.6% | 63.64% |
1 Yr | -6.7% | -10.8% | 2.9% | 45.12% |
3 Yr | 4.7%* | -2.2% | 13.5% | 8.97% |
5 Yr | N/A* | -0.3% | 12.6% | N/A |
10 Yr | N/A* | 4.1% | 8.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | PISHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | 0.0% | -3.4% | 17.2% | 46.84% |
2020 | 3.4% | -79.5% | 9.0% | 7.79% |
2019 | N/A | 6.4% | 28.5% | N/A |
2018 | N/A | -15.2% | -3.8% | N/A |
2017 | N/A | -7.3% | 19.0% | N/A |
Total Return Ranking - Trailing
Period | PISHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -13.7% | -20.3% | -0.6% | 48.86% |
1 Yr | -6.7% | -12.2% | 16.6% | 50.51% |
3 Yr | 4.7%* | -3.2% | 13.5% | 16.67% |
5 Yr | N/A* | -1.9% | 12.6% | N/A |
10 Yr | N/A* | 4.1% | 8.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PISHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | 0.0% | -3.4% | 17.2% | 46.84% |
2020 | 3.4% | -24.8% | 9.0% | 7.79% |
2019 | N/A | 6.4% | 28.5% | N/A |
2018 | N/A | -14.9% | -1.8% | N/A |
2017 | N/A | -5.0% | 20.6% | N/A |
NAV & Total Return History
PISHX - Holdings
Concentration Analysis
PISHX | Category Low | Category High | PISHX % Rank | |
---|---|---|---|---|
Net Assets | 324 M | 12.9 M | 16.4 B | 60.92% |
Number of Holdings | 219 | 27 | 500 | 49.02% |
Net Assets in Top 10 | 58.8 M | 2.06 K | 2.37 B | 58.82% |
Weighting of Top 10 | 15.89% | 12.4% | 48.5% | 83.33% |
Top 10 Holdings
- State Street Instl Treasury MMkt Instl 4.60%
- The Charles Schwab Corporation 4% 2.39%
- Truist Financial Corporation 5.1% 2.17%
- Re1 Limited 144A FRN 5.12% 1.92%
- Sempra Energy 4.88% 1.80%
- Bank of America Corporation 6.25% 1.80%
- TransCanada Trust 5.5% 1.80%
- The Charles Schwab Corporation 5.38% 1.78%
- Truist Financial Corporation 4.95% 1.77%
- Citigroup Inc. 6.25% 1.71%
Asset Allocation
Weighting | Return Low | Return High | PISHX % Rank | |
---|---|---|---|---|
Bonds | 60.70% | 0.00% | 83.26% | 15.69% |
Convertible Bonds | 24.17% | 0.00% | 31.65% | 37.25% |
Preferred Stocks | 10.53% | 2.27% | 115.85% | 85.29% |
Cash | 4.60% | -27.79% | 5.28% | 2.94% |
Stocks | 0.00% | -2.67% | 34.04% | 52.94% |
Other | 0.00% | -0.16% | 11.21% | 42.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PISHX % Rank | |
---|---|---|---|---|
Corporate | 94.42% | 62.31% | 100.00% | 89.22% |
Cash & Equivalents | 4.82% | 0.00% | 8.83% | 6.86% |
Government | 0.77% | 0.00% | 21.71% | 11.76% |
Derivative | 0.00% | 0.00% | 12.03% | 37.25% |
Securitized | 0.00% | 0.00% | 0.02% | 25.49% |
Municipal | 0.00% | 0.00% | 0.00% | 24.51% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PISHX % Rank | |
---|---|---|---|---|
US | 42.64% | 0.00% | 66.52% | 19.61% |
Non US | 18.06% | 0.00% | 22.86% | 8.82% |
PISHX - Expenses
Operational Fees
PISHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | 0.22% | 2.45% | 100.00% |
Management Fee | 0.00% | 0.00% | 1.00% | 1.15% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.01% | 0.01% | 0.55% | 4.00% |
Sales Fees
PISHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
PISHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
PISHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 71.00% | 12.00% | 199.00% | 88.00% |
PISHX - Distributions
Dividend Yield Analysis
PISHX | Category Low | Category High | PISHX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.59% | 38.10% |
Dividend Distribution Analysis
PISHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PISHX | Category Low | Category High | PISHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.47% | 0.88% | 7.54% | 37.80% |
Capital Gain Distribution Analysis
PISHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
Date | Amount | Type |
---|---|---|
Aug 31, 2022 | $0.043 | OrdinaryDividend |
Jul 29, 2022 | $0.039 | OrdinaryDividend |
Jun 30, 2022 | $0.040 | OrdinaryDividend |
May 31, 2022 | $0.043 | OrdinaryDividend |
Apr 29, 2022 | $0.039 | OrdinaryDividend |
Mar 31, 2022 | $0.041 | OrdinaryDividend |
Feb 28, 2022 | $0.037 | OrdinaryDividend |
Jan 31, 2022 | $0.038 | OrdinaryDividend |
Nov 30, 2021 | $0.040 | OrdinaryDividend |
Oct 29, 2021 | $0.035 | OrdinaryDividend |
Sep 30, 2021 | $0.039 | OrdinaryDividend |
Aug 31, 2021 | $0.038 | OrdinaryDividend |
Jul 30, 2021 | $0.037 | OrdinaryDividend |
Jun 30, 2021 | $0.039 | OrdinaryDividend |
May 28, 2021 | $0.038 | OrdinaryDividend |
Apr 30, 2021 | $0.036 | OrdinaryDividend |
Mar 31, 2021 | $0.038 | OrdinaryDividend |
Feb 26, 2021 | $0.043 | OrdinaryDividend |
Jan 29, 2021 | $0.040 | OrdinaryDividend |
Dec 17, 2020 | $0.084 | OrdinaryDividend |
Nov 30, 2020 | $0.041 | OrdinaryDividend |
Oct 30, 2020 | $0.044 | OrdinaryDividend |
Sep 30, 2020 | $0.038 | OrdinaryDividend |
Aug 31, 2020 | $0.043 | OrdinaryDividend |
Jul 31, 2020 | $0.043 | OrdinaryDividend |
Jun 30, 2020 | $0.039 | OrdinaryDividend |
May 29, 2020 | $0.042 | OrdinaryDividend |
Apr 30, 2020 | $0.041 | OrdinaryDividend |
Mar 31, 2020 | $0.038 | OrdinaryDividend |
Feb 28, 2020 | $0.039 | OrdinaryDividend |
Jan 31, 2020 | $0.023 | OrdinaryDividend |
Dec 18, 2019 | $0.009 | OrdinaryDividend |
Nov 29, 2019 | $0.041 | OrdinaryDividend |
Oct 31, 2019 | $0.035 | OrdinaryDividend |
Sep 30, 2019 | $0.028 | OrdinaryDividend |
Aug 30, 2019 | $0.042 | OrdinaryDividend |
Jul 31, 2019 | $0.048 | OrdinaryDividend |
Jun 28, 2019 | $0.039 | OrdinaryDividend |
Apr 30, 2019 | $0.045 | OrdinaryDividend |
PISHX - Fund Manager Analysis
Managers
Elaine Zaharis-Nikas
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Elaine Zaharis-Nikas, CFA, Senior Vice President, is a senior portfolio manager for fixed income and preferred securities portfolios and has analyst coverage responsibilities for European and Latin American banks. She has 21 years of investment experience. Prior to joining Cohen & Steers in 2003, Ms. Zaharis-Nikas worked at J.P. Morgan Chase for five years as a credit analyst and J.P. Morgan for three years as an internal auditor. Ms. Zaharis-Nikas holds a BS from New York University. She is based in New York.
William Scapell
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
William Scapell, CFA, Executive Vice President, is Head of Fixed Income and Preferred Securities and a senior portfolio manager for the firm’s preferred securities portfolios. He has 28 years of investment experience. Prior to joining Cohen & Steers in 2003, Mr. Scapell worked in the fixed income research department at Merrill Lynch, where he was their chief strategist for preferred securities for three years, and a vice president in corporate finance and treasury department for two years. Previously, he held bank supervision and monetary policy roles at the Federal Reserve Bank of New York for five years. Mr. Scapell holds a BA from Vassar College and an MA from Columbia University's School of International and Public Affairs. He is based in New York.
Jerry Dorost
Start Date
Tenure
Tenure Rank
Jan 29, 2021
1.33
1.3%
Jerry Dorost, CFA, Senior Vice President, is a portfolio manager for fixed income and preferred securities portfolios and has analyst coverage responsibilities for banks, utilities and midstream energy. He has 16 years of investment experience. Prior to joining the firm in 2010, Mr. Dorost was with Citigroup, where his coverage included banks, mortgage lenders and other financial companies. Mr. Dorost has a BS from Columbia University and is based in New York.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.91 | 11.42 |