Cohen & Steers Preferred Sec & Inc I
CPXIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10017 New York NY United States of America 10017
- IPO Date
- May 3, 2010
- CIK
- 0001484750
- Website
- cohenandsteers.com
- Similar Companies
- Business
- Cohen & Steers Preferred Securities and Income Fund, Inc. Class I (CPXIX) is an open-end mutual fund that seeks total return, emphasizing high current income and capital appreciation, primarily through a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies. The fund invests at least 80% of its net assets in preferred securities, hybrid securities, convertible securities, and debt securities, with at least 25% allocated to the financial sector; its portfolio includes significant allocations to non-U.S. bonds (approximately 40%), U.S. bonds (16%), derivatives, and cash equivalents, featuring top holdings such as interest rate swaps, Citigroup Inc. preferred shares (6.875% and 6.95%), Goldman Sachs Group Inc. 7.5% preferreds, Bank of America Corp. 6.625%, and MetLife Capital Trust IV 7.875%. It is domiciled in the United States, available for sale primarily to U.S. investors with a minimum initial investment of $100,000, and carries a net expense ratio of 0.86%. Launched on May 3, 2010, and managed by Cohen & Steers Capital Management, Inc., headquartered in New York, New York, the fund operates under the portfolio management team of Elaine Zaharis-Nikas (since January 2015), Jerry Dorost (since April 2022), and Robert Kastoff (since January 2025). The fund's total net assets stand at approximately $7.66 billion, with the Class I share class comprising $6.18 billion, reflecting its position within the Morningstar Preferred Stock category. Recent developments include the addition of Robert Kastoff to the portfolio management team in January 2025, enhancing the fund's management expertise amid ongoing market volatility. Cohen & Steers, the fund's investment manager, reported strong third-quarter 2025 earnings with assets under management reaching $90.6 billion as of October 31, 2025, driven by net inflows and plans for new ETF launches in early 2025 focused on REITs, global preferred securities, and natural resources, which complement the fund's strategy. The fund maintains monthly distributions, with an annualized dividend of $0.64 per share yielding approximately 5.08% as of late 2025, potentially including net investment income, capital gains, and return of capital.