Cohen & Steers Select Preferred and Income Fund (PSF)

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Cohen & Steers Select Preferred and Income Fund (PSF) is down 0.3% since the beginning of the year. PSF is currently trading at $20 per share. Investors who bought $1,000 worth of PSF shares 5 years ago would now be looking at an investment worth $1,000.

Cohen & Steers Select Preferred and Income Fund (PSF) has returned -0.27% so far this year and 7.64% over the past 12 months. Over the last ten years, PSF has returned 4.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Nov 26, 2010, PSF's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +20.4%, while the worst month was Mar 2020 at -18.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PSF closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +13.9%, while the worst single day was Mar 18, 2020 at -28.4%.

Cohen & Steers Select Preferred and Income Fund has an annualized alpha of 1.97%, beta of 0.49, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since November 29, 2010.

• This fund participated in 84.56% of S&P 500 Index downside but only 65.72% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.49 may look defensive, but with R2 of 0.20 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 0.20 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.

PSF has a high expense ratio of 4.28%, indicating above-average management fees.

PSF ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Cohen & Steers Select Preferred and Income Fund (PSF) and compare them to S&P 500 Index.

Cohen & Steers Select Preferred and Income Fund provided a 7.71% dividend yield over the last twelve months, with an annual payout of $1.51 per share.

The table displays the monthly dividend distributions for Cohen & Steers Select Preferred and Income Fund. 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 Select 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 Select Preferred and Income Fund was 55.01%, occurring on Mar 18, 2020. Recovery took 278 trading sessions.

The current Cohen & Steers Select Preferred and Income Fund drawdown is 9.34%.

The chart below shows the rolling one-month volatility.