Cohen & Steers Preferred Securities and Income SMA Shares (PISHX)

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Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) is up 2.3% since the beginning of the year. PISHX is currently trading at $10 per share. Investors who bought $1,000 worth of PISHX shares 5 years ago would now be looking at an investment worth $1,224.

Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) has returned 2.29% so far this year and 7.94% over the past 12 months.

Based on dividend-adjusted daily data since Mar 1, 2019, PISHX's average daily return is +0.02%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +9.4%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PISHX closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +5.0%, while the worst single day was Mar 18, 2020 at -9.2%.

Cohen & Steers Preferred Securities and Income SMA Shares has an annualized alpha of 3.69%, beta of 0.16, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since March 01, 2019.

• This fund participated in 37.05% of S&P 500 Index downside but only 31.40% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.16 may look defensive, but with R2 of 0.19 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.19 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PISHX has an expense ratio of 0.00%, meaning no management fees are charged.

PISHX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Cohen & Steers Preferred Securities and Income SMA Shares provided a 5.60% dividend yield over the last twelve months, with an annual payout of $0.59 per share.

The table displays the monthly dividend distributions for Cohen & Steers Preferred Securities and Income SMA Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Cohen & Steers Preferred Securities and Income SMA Shares. 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 Preferred Securities and Income SMA Shares was 27.12%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.

The current Cohen & Steers Preferred Securities and Income SMA Shares drawdown is 0.10%.

The chart below shows the rolling one-month volatility.