Cohen & Steers Alternative Income Fund (DVFIX)
Under normal market conditions, the fund invests primarily in U.S. and non-U.S. investments providing exposure to the following asset classes: (i) preferred and debt securities; (ii) real estate companies, including real estate investment trusts (“REITs”); and (iii) infrastructure companies. It may invest without limit in companies located outside of the U.S. or doing a substantial amount of business outside the U.S. and in securities of non-U.S. companies, which may be non-U.S. dollar denominated.
Fund Info
| ISIN | US19248L3033 |
|---|---|
| CUSIP | 19248L303 |
| Issuer | Cohen & Steers |
| Inception Date | Aug 30, 2005 |
| Category | Global Allocation |
| Min. Investment | $100,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
DVFIX has a high expense ratio of 0.65%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: DVFIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Cohen & Steers Alternative Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 9.49% |
| 1 month | N/A | 1.20% |
| 6 months | N/A | 18.29% |
| 1 year | N/A | 26.44% |
| 5 years (annualized) | N/A | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of DVFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.37% | 0.67% | |||||||||||
| 2023 | 6.97% | -3.25% | -3.27% | 1.87% | -2.88% | 2.50% | 2.44% | -2.21% | -2.94% | -1.64% | 7.39% | 3.39% | 7.79% |
| 2022 | -2.21% | -1.27% | 2.96% | -3.66% | 0.51% | -6.29% | 5.24% | -3.00% | -8.10% | 2.07% | 5.55% | -1.73% | -10.41% |
| 2021 | 1.04% | 3.35% | 3.18% | 3.68% | 1.95% | 0.66% | 1.24% | 0.65% | -1.66% | 2.76% | -2.15% | 3.70% | 19.77% |
| 2020 | -1.15% | -6.47% | -23.38% | 13.06% | 4.02% | -0.29% | 2.58% | 1.62% | -3.77% | 0.12% | 9.83% | 2.78% | -5.80% |
| 2019 | 8.41% | 2.61% | 1.16% | 4.24% | -6.07% | 6.30% | -0.17% | -1.00% | 1.63% | 0.49% | -0.91% | 3.22% | 20.91% |
| 2018 | 4.50% | -5.12% | -2.14% | -0.07% | 1.02% | -0.09% | 4.57% | 0.83% | 1.10% | -6.76% | 3.66% | -13.88% | -13.16% |
| 2017 | 1.56% | 3.67% | -1.03% | -0.46% | -0.39% | 2.54% | 1.47% | -1.45% | 3.30% | 2.27% | 3.23% | 2.15% | 18.03% |
| 2016 | -5.80% | -1.11% | 7.28% | 1.48% | 1.66% | -0.26% | 2.26% | 0.74% | 0.31% | -1.47% | 6.57% | 2.54% | 14.41% |
| 2015 | -3.65% | 5.14% | -0.78% | -0.50% | 1.43% | -1.71% | 0.26% | -6.39% | -3.63% | 7.99% | 0.82% | -1.78% | -3.56% |
| 2014 | -2.91% | 5.18% | 1.47% | 0.23% | 2.92% | 2.35% | -1.73% | 4.37% | -1.92% | 1.72% | 2.28% | 0.68% | 15.30% |
| 2013 | 5.95% | 0.29% | 3.17% | 2.37% | 2.59% | -1.90% | 4.70% | -3.38% | 2.80% | 3.42% | 3.87% | 3.24% | 30.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cohen & Steers Alternative Income Fund (DVFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cohen & Steers Alternative Income Fund granted a 3.31% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.54 | $0.47 | $0.50 | $0.62 | $2.34 | $1.45 | $1.98 | $1.59 | $1.30 | $2.78 | $0.53 |
Dividend yield | 3.31% | 5.00% | 4.44% | 4.08% | 5.78% | 19.41% | 12.06% | 12.94% | 10.77% | 9.09% | 17.23% | 3.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Cohen & Steers Alternative Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.54 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $2.00 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.03 | $0.04 | $2.34 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.13 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.19 | $1.45 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.29 | $1.98 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.39 | $1.59 |
| 2015 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.29 | $1.30 |
| 2014 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.45 | $2.78 |
| 2013 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.36 | $0.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Cohen & Steers Alternative Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cohen & Steers Alternative Income Fund was 53.67%, occurring on Mar 9, 2009. Recovery took 987 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.67% | Oct 10, 2007 | 354 | Mar 9, 2009 | 987 | Feb 8, 2013 | 1341 |
| -40.27% | Jan 17, 2020 | 45 | Mar 23, 2020 | 244 | Mar 11, 2021 | 289 |
| -22.69% | Jan 29, 2018 | 229 | Dec 24, 2018 | 267 | Jan 16, 2020 | 496 |
| -17.43% | Apr 4, 2022 | 135 | Oct 14, 2022 | — | — | — |
| -17.4% | Jun 24, 2015 | 161 | Feb 11, 2016 | 144 | Sep 7, 2016 | 305 |
Volatility
Volatility Chart
The current Cohen & Steers Alternative Income Fund volatility is 0.17%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.