Cohen & Steers Preferred Sec & Inc A
CPXAX
NASDAQ12.48
USD
+0.01
- -
CIK
0001484750
ISIN
US19248X1090
CUSIP
19248X109
Return %
Stock
S&P500
1Y
0.73
19.01
3Y
11.03
65.48
5Y
-13.45
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10017 Boston MA United States of America 02210
- IPO Date
- May 3, 2010
- CIK
- 0001484750
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Cohen & Steers Preferred Securities and Income Funds Inc. Class A (CPXAX) is an open-end mutual fund that seeks total return primarily through high current income and capital appreciation by investing 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, with a focus on the financial services sector; the portfolio includes hybrid securities, contingent convertible securities, and money market instruments for liquidity and diversification. Top holdings as of recent data feature preferred securities from issuers such as State Street Institutional Treasury Money Market Premier (1.39%), The Charles Schwab Corporation 4% (1.35%), Goldman Sachs Group Inc. 7.5% (1.33%), Citigroup Inc. 6.95% (1.29%), and UBS Group AG 9.25% (1.12%), comprising approximately 6.48% of the portfolio, with asset allocation emphasizing non-U.S. bonds (35.98%), U.S. bonds (17.24%), and other preferred securities (44.62%). The fund, classified in the Morningstar Preferred Stock category, offers a net expense ratio of 1.14%, a front-end load of 3.75%, monthly distributions yielding around 5.06% annually (with the latest ex-dividend date in May 2025 at $0.0535 per share), and is available to U.S. investors with total net assets of approximately $7.86 billion and share class size of $643.21 million. Launched on May 3, 2010, the fund is managed by Cohen & Steers Capital Management, Inc., a New York-based investment firm founded in 1986 and headquartered at 1166 Avenue of the Americas, New York, NY, with additional offices in London, Hong Kong, Tokyo, and Seattle; portfolio managers include Robert Kastoff, CFA, Senior Vice President for fixed income and preferred securities, along with William F. Scapell and Elaine Zaharis-Nikas. The fund operates within the global fixed income and preferred securities segments, targeting income-focused investors such as individuals and institutions seeking diversified exposure to high-yield instruments from financial institutions worldwide. In recent developments, Cohen & Steers has launched active ETFs in early 2025 mirroring core strategies including preferred securities, achieving $54 million in net inflows in the first full quarter to reach $133 million in assets under management, alongside announcements of monthly distributions for closed-end funds extending into 2025 and ongoing strategic initiatives like partnerships for integrated listed and private real estate strategies with IDR Investment Management, office upgrades in Hong Kong, and enhancements in distribution capabilities for RIAs and multifamily offices; performance as of late 2025 shows 1-year total return of approximately 7.18% (84th percentile) and 3-year annualized return of 7.88% (83rd percentile).