Cohen & Steers Low Duration Preferred and Income Fund (LPXZX)
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter ("OTC"). It also will invest at least 25% of its net assets in the financials sector, which is comprised of the bank, diversified financials, real estate (including real estate investment trusts ("REITs")) and insurance industries.
Fund Info
| ISIN | US19249L5003 |
|---|---|
| Issuer | Cohen & Steers |
| Inception Date | Nov 29, 2015 |
| Category | Preferred Stock/Convertible Bonds |
| Min. Investment | $0 |
| Asset Class | Equity |
Expense Ratio
LPXZX has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: LPXZX vs. FDFIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Cohen & Steers Low Duration Preferred and 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
Cohen & Steers Low Duration Preferred and Income Fund had a return of 3.21% year-to-date (YTD) and 11.31% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.21% | 9.47% |
| 1 month | 0.87% | 1.91% |
| 6 months | 6.44% | 18.36% |
| 1 year | 11.31% | 26.61% |
| 5 years (annualized) | 3.13% | 12.90% |
| 10 years (annualized) | N/A | 10.79% |
Monthly Returns
The table below presents the monthly returns of LPXZX, 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 | 0.99% | 0.55% | 1.09% | -0.22% | 3.21% | ||||||||
| 2023 | 3.19% | -0.69% | -3.44% | 1.10% | 0.18% | 0.66% | 1.56% | 0.20% | -0.02% | -0.25% | 2.48% | 1.90% | 6.91% |
| 2022 | -1.18% | -1.30% | -0.70% | -1.65% | -0.18% | -2.45% | 2.81% | -0.94% | -2.60% | 0.26% | 1.51% | 0.62% | -5.78% |
| 2021 | 0.15% | -0.05% | 0.25% | 0.84% | 0.25% | 0.54% | 0.35% | 0.15% | -0.05% | -0.25% | -0.85% | 0.74% | 2.08% |
| 2020 | 0.86% | -0.81% | -9.43% | 5.79% | 1.43% | 1.00% | 2.22% | 1.18% | -0.53% | 0.57% | 1.98% | 0.64% | 4.27% |
| 2019 | 2.69% | 0.89% | 0.68% | 1.09% | -0.03% | 1.38% | 0.77% | 0.67% | 0.47% | 0.90% | 0.46% | 0.54% | 11.01% |
| 2018 | -0.05% | -0.25% | -0.15% | 0.35% | -0.25% | 0.17% | 0.57% | 0.47% | 0.07% | -0.63% | -0.95% | -0.80% | -1.44% |
| 2017 | 0.84% | 1.14% | 0.24% | 0.93% | 0.83% | 0.53% | 0.72% | 0.14% | 0.33% | 0.72% | -0.25% | 0.29% | 6.65% |
| 2016 | -0.56% | -1.68% | 1.69% | 0.85% | 0.75% | -0.06% | 1.96% | 0.94% | -0.36% | 0.44% | -0.86% | 0.75% | 3.88% |
| 2015 | -0.10% | -0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of LPXZX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
LPXZX (Cohen & Steers Low Duration Preferred and Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cohen & Steers Low Duration Preferred and Income Fund (LPXZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cohen & Steers Low Duration Preferred and Income Fund granted a 5.02% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.45 | $0.40 | $0.42 | $0.44 | $0.43 | $0.45 | $0.46 | $0.41 |
Dividend yield | 5.02% | 4.92% | 4.45% | 4.21% | 4.36% | 4.19% | 4.71% | 4.56% | 4.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Cohen & Steers Low Duration Preferred and 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.16 | |||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.42 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.43 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.46 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
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 Low Duration Preferred and 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 Low Duration Preferred and Income Fund was 18.13%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.13% | Feb 24, 2020 | 21 | Mar 23, 2020 | 114 | Sep 2, 2020 | 135 |
| -9.69% | Sep 23, 2021 | 374 | Mar 20, 2023 | 204 | Jan 10, 2024 | 578 |
| -4.17% | Jan 11, 2016 | 23 | Feb 11, 2016 | 52 | Apr 27, 2016 | 75 |
| -2.59% | Sep 24, 2018 | 66 | Dec 27, 2018 | 23 | Jan 31, 2019 | 89 |
| -1.3% | Dec 2, 2015 | 9 | Dec 14, 2015 | 17 | Jan 8, 2016 | 26 |
Volatility
Volatility Chart
The current Cohen & Steers Low Duration Preferred and Income Fund volatility is 0.64%, 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.