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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.80% 16.67% 326.47M 17258.87
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.07% 65.00% -- Upgrade

Basic Info

Investment Strategy
The Fund seeks high current income as a primary objective with capital appreciation as a secondary objective through investments in a portfolio of Preferred and other income securities issued by US and non US companies. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in a portfolio of preferred and other income securities issued by US and non-US companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; and securities of other open-end, closed-end or exchange-traded funds that invest primarily in preferred and/or debt securities. The Fund will invest 25% or more of its Managed Assets in the financial sector and may invest up to 100% of its Managed Assets in securities of non-US companies, including up to 25% of Managed Assets in securites issued by companies domiciled in emerging market countries. The Fund may invest in both investment grade and below investment grade securities and will seek to enhance returns throught the use of leverage.
General
Security Type Closed-End Fund
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Growth
Fund Owner Firm Name Cohen & Steers
Prospectus Benchmark Index
ICE BofA Fxd Rate Pref TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
William Scapell 10.61 yrs
Elaine Zaharis-Nikas 8.09 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-33.79M Category Low
2.420B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
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Category Rtn. (NAV)
--
--
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--
--
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% Rank in Cat (NAV)
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As of August 02, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2014
2015
2016
2017
2018
2019
2020
YTD
14.98%
5.75%
15.34%
16.79%
-9.01%
42.61%
-3.78%
17.17%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-0.26%
9.62%
7.69%
17.94%
14.58%
-9.68%
29.71%
9.46%
8.13%
15.60%
5.20%
12.13%
17.00%
-14.13%
38.66%
14.21%
5.57%
--
--
--
--
-5.45%
17.32%
7.52%
2.60%
24.03%
-0.89%
20.97%
10.70%
-17.19%
43.42%
29.78%
-8.58%
As of August 02, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-3-21) 4.07%
30-Day SEC Yield (6-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 59.99
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 5.91%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2021

Fund Details

Key Dates
Inception Date 11/24/2010
Last Annual Report Date 12/31/2020
Last Prospectus Date 8/17/2010
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Asset Allocation

As of June 30, 2021.
Type % Net % Long % Short
Cash 1.95% Upgrade Upgrade
Stock 1.03% Upgrade Upgrade
Bond 51.01% Upgrade Upgrade
Convertible 22.17% Upgrade Upgrade
Preferred 23.69% Upgrade Upgrade
Other 0.14% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Wells Fargo & Company 3.9%
1.71% -- --
The Charles Schwab Corporation 4%
1.42% -- --
Citigroup Capital III 7.62%
1.35% -- --
MetLife Inc. 9.25%
1.30% -- --
BP Capital Markets plc 4.88%
1.27% -- --
Bank of America Corporation 6.25%
1.24% -- --
Farm Credit Bank of Texas Class B
1.19% -- --
TransCanada Trust 5.88%
1.18% -- --
State Str Instl Invt Tr Treas Mmkt Fd Inst
1.16% -- --
JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S-
1.16% -- --

Basic Info

Investment Strategy
The Fund seeks high current income as a primary objective with capital appreciation as a secondary objective through investments in a portfolio of Preferred and other income securities issued by US and non US companies. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in a portfolio of preferred and other income securities issued by US and non-US companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; and securities of other open-end, closed-end or exchange-traded funds that invest primarily in preferred and/or debt securities. The Fund will invest 25% or more of its Managed Assets in the financial sector and may invest up to 100% of its Managed Assets in securities of non-US companies, including up to 25% of Managed Assets in securites issued by companies domiciled in emerging market countries. The Fund may invest in both investment grade and below investment grade securities and will seek to enhance returns throught the use of leverage.
General
Security Type Closed-End Fund
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Growth
Fund Owner Firm Name Cohen & Steers
Prospectus Benchmark Index
ICE BofA Fxd Rate Pref TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
William Scapell 10.61 yrs
Elaine Zaharis-Nikas 8.09 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-3-21) 4.07%
30-Day SEC Yield (6-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 59.99
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 5.91%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2021

Fund Details

Key Dates
Inception Date 11/24/2010
Last Annual Report Date 12/31/2020
Last Prospectus Date 8/17/2010
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No