NEW YORK, March 5, 2018 /PRNewswire/ -- Cohen &
Steers Real Estate Securities Fund (Class I: CSDIX and Class Z:
CSZIX) and Cohen & Steers Preferred Securities and Income Fund
(Class I: CPXIX) have received 2017 Thomson Reuters Lipper Fund
Awards for consistently strong risk-adjusted performance relative
to their peers. Lipper's proprietary performance-based methodology
earned Cohen & Steers Real Estate Securities Fund (CSZIX) the
distinction for its risk-adjusted returns among funds in the Real
Estate category during the 3-year period ended December 31, 2017; CSDIX for the 5- and 10-year
periods. Cohen & Steers Preferred Securities and Income Fund
(CPXIX) was singled out among its Flexible Income category peers
for its risk-adjusted returns during the 5-year period.
"We are proud to be once again recognized for bringing
best-in-class investment solutions to our clients," remarked
Robert Steers, Chief Executive
Officer of Cohen & Steers. "These awards reflect the
success of a comprehensive, disciplined investment process that
underlies all of our specialized asset class strategies."
Mr. Steers continued, "Rigorous fundamental research and active
portfolio management are at the heart of our business. While
investors are gravitating to passive investments in core equity and
fixed income, we believe active management in a select group of
asset classes that have inefficient markets can deliver consistent
value to our clients."
Thomas Bohjalian, head of U.S.
real estate securities and portfolio manager of the
Cohen & Steers Real Estate Securities Fund, said,
"The Fund's track record is a testament to the performance of U.S.
real estate securities and to the value of investing with a
specialist REIT manager with the experience and resources to help
investors navigate different property cycles, macroeconomic trends
and interest rate environments."
William Scapell, director of fixed income and portfolio manager
of the Cohen & Steers Preferred Securities and Income
Fund, noted, "We are pleased to earn Lipper's performance
recognition once again. For institutional investors seeking to
expand beyond strict style box approaches, our research-driven,
active management methodology and global reach in preferred
securities have proven to be an effective formula for improving
income profiles and helping to manage interest-rate risk."
Please consider the investment objectives, risks, charges and
expenses of any Cohen & Steers fund carefully before investing.
A summary prospectus and prospectus containing this and other
information may be obtained, free of charge, by visiting
cohenandsteers.com or by calling 800.330.7348. Please read the
summary prospectus and prospectus carefully before
investing.
Lipper Leader Ratings for Consistent Return. Lipper
Leader ratings for Consistent Return reflect funds' historic
returns, adjusted for volatility, relative to peers. Ratings for
consistent return are computed for all Lipper classifications with
five or more distinct portfolios and span both equity and
fixed-income funds. The ratings are subject to change every month
and are calculated for the following time periods: 3-year, 5-year,
10-year, and overall. The overall calculation is based on an
equal-weighted average of percentile ranks for the Consistent
Return metrics over 3-year, 5-year, and 10-year periods (if
applicable). The highest 20% of funds in each classification are
named Lipper Leaders for Consistent Return. The next 20% receive a
rating of 4; the middle 20% are rated 3; the next 20% are rated 2,
and the lowest 20% are rated 1.
A Lipper Leader for Consistent Return is a fund that has
provided superior consistency and risk-adjusted returns when
compared to a group of similar funds. Lipper Leaders for Consistent
Return may be the best fit for investors who value a fund's
year-to-year consistency relative to other funds in a particular
peer group.
Investors are cautioned that some peer groups are inherently
more volatile than others, and even Lipper Leaders for Consistent
Return in the most volatile groups may not be well suited to
shorter-term goals or less risk-tolerant investors.
Cohen & Steers Real Estate Securities Fund. The Fund is
subject to special risk considerations similar to those associated
with the direct ownership of real estate due to its policy of
concentration in the securities of real estate companies. Real
estate valuations may be subject to factors such as changing
general and local economic, financial, competitive and
environmental conditions. The Fund is classified as a
"non-diversified" fund under the federal securities laws because it
can invest in fewer individual companies than a diversified fund.
However, the Fund must meet certain diversification requirements
under the U.S. tax laws.
Cohen & Steers Preferred Securities and Income
Fund. There are special risks associated with investing in the
Fund. In general, the risks of investing in preferred securities
are similar to those of investing in bonds, including credit risk
and interest-rate risk. As nearly all preferred securities have
issuer call options, call risk and reinvestment risk are also
important considerations. In addition, investors face equity-like
risks, such as deferral or omission of distributions, subordination
to bonds and other more senior debt, and higher corporate
governance risks with limited voting rights. An investment in the
Fund is subject to investment risk, including the possible loss of
the entire principal amount that you invest. The value of these
securities, like other investments, may move up or down, sometimes
rapidly and unpredictably. The Fund may invest in below-investment
grade securities. Below-investment-grade securities or equivalent
unrated securities generally involve greater volatility of price
and risk of loss of income and principal, and may be more
susceptible to real or perceived adverse economic and competitive
industry conditions than higher-grade securities.
Website: cohenandsteers.com
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a global
investment manager specializing in liquid real assets, including
real estate securities, listed infrastructure, commodities and
natural resource equities, as well as preferred securities and
other income solutions. Founded in 1986, the firm is headquartered
in New York City, with offices in
London, Hong Kong, Tokyo and Seattle.
View original
content:http://www.prnewswire.com/news-releases/cohen--steers-funds-win-performance-awards-from-lipper-300608498.html
SOURCE Cohen & Steers