Class A | Class C | Class F(1) | Class I | Class L | Class R | Class Z | |||||||
Shareholder Fees (fees paid directly from your investment): | |||||||||||||
Maximum Sales Charge (Load) Imposed On Purchases
(as % of offering price)
|
4.50% | None | None | None | None | None | None | ||||||
Maximum Deferred Sales Charge (Load) (as % of the
net asset value at the time of purchase or redemption, whichever is
lower)
|
None | 1.00%(2) | None | None | None | None | None | ||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): | |||||||||||||
Management Fee
|
0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | ||||||
Distribution (12b-1) Fees
|
0.25% | 0.75% | 0.00% | 0.00% | 0.00% | 0.50% | 0.00% | ||||||
Other Expenses
|
0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | ||||||
Acquired Fund Fees and Expenses(3)
|
0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | ||||||
Shareholder Service Fee
|
0.10% | 0.25% | 0.00% | 0.08% | 0.10% | 0.00% | 0.00% | ||||||
Total Other Expenses
|
0.21% | 0.36% | 0.11% | 0.19% | 0.21% | 0.11% | 0.11% | ||||||
Total Annual Fund Operating Expenses(4)
|
1.21% | 1.86% | 0.86%(5) | 0.94% | 0.96% | 1.36% | 0.86% |
Fee Waiver/Expense Reimbursement(4)
|
(0.05)% | (0.05)% | (0.05)% | (0.05)% | (0.07)%(6) | (0.05)% | (0.05)% | ||||||
Total Annual Fund Operating Expenses (after fee
waiver/expense reimbursement)(4)
|
1.16% | 1.81% | 0.81%(5) | 0.89% | 0.89% | 1.31% | 0.81% |
(1) | Class F shares are currently not available for purchase. |
(2) | For Class C shares, the maximum deferred sales charge does not apply after one year. |
(3) | The Fund may invest a portion of its assets in other investment companies (the “Acquired Funds”). The Fund’s shareholders indirectly bear a pro rata portion of the expenses of the Acquired Funds in which the Fund invests. “Acquired Fund Fees and Expenses” in the table is an estimate of those expenses. The estimate for the fiscal year ended December 31, 2019 is based upon the average allocation of the Fund’s investments in the Acquired Funds and upon the actual total operating expenses of the Acquired Funds (including any current waivers and expense limitations) as disclosed in each Acquired Funds’ most recent prospectus. Actual Acquired Fund Fees and Expenses incurred by the Fund may vary with changes in the allocation of Fund assets among the Acquired Funds and with other events that directly affect the fees and expenses of the Acquired Funds. Since “Acquired Fund Fees and Expenses” are not directly borne by the Fund, they are not reflected in the Fund’s financial statements, with the result that the information presented in the table will differ from that presented in the Financial Highlights. |
(4) | Cohen & Steers Capital Management, Inc., the Fund’s investment advisor (the “Advisor”), has contractually agreed to waive its fee and/or reimburse expenses through June 30, 2021, so that the Fund’s total annual operating expenses (excluding acquired fund fees and expenses, taxes and extraordinary expenses) do not exceed 1.15% for Class A shares, 1.80% for Class C shares, 0.80% for Class F shares, 0.88% for Class I shares, 0.88% for Class L shares, 1.30% for Class R shares and 0.80% for Class Z shares. This contractual agreement can only be amended or terminated by agreement of the Fund's Board of Directors and the Advisor and will terminate automatically in the event of termination of the investment advisory agreement between the Advisor and the Fund. |
(5) | The total annual fund operating expenses for Class F shares are estimated. |
(6) | The fee waiver/expense reimbursement has been restated to reflect current fees and expenses. |
1 Year | 3 Years | 5 Years | 10 Years | ||||
Class A Shares
|
$563 | $811 | $1,080 | $1,845 | |||
Class C Shares | |||||||
Assuming redemption at the end of the
period
|
$284 | $579 | $1,000 | $2,175 | |||
Assuming no redemption at the end of the
period
|
$184 | $579 | $1,000 | $2,175 | |||
Class F Shares
|
$83 | $269 | $471 | $1,055 | |||
Class I Shares
|
$91 | $294 | $514 | $1,149 | |||
Class L Shares
|
$91 | $298 | $523 | $1,171 | |||
Class R Shares
|
$133 | $425 | $739 | $1,630 | |||
Class Z Shares
|
$83 | $269 | $471 | $1,055 |
1 Year | 5 Years | 10 Years | |||
Class A Shares | |||||
Return Before Taxes
|
N/A(1) | N/A(1) | N/A(1) | ||
Class C Shares | |||||
Return Before Taxes
|
N/A(1) | N/A(1) | N/A(1) | ||
Class I Shares | |||||
Return Before Taxes
|
N/A(1) | N/A(1) | N/A(1) |
Class L Shares | |||
Return Before Taxes
|
32.90% | 8.62% | 12.23% |
Return After Taxes on Distributions
|
27.03% | 5.31% | 9.71% |
Return After Taxes on Distributions and Sale of
Fund Shares
|
21.41% | 5.84% | 9.27% |
Class R Shares | |||
Return Before Taxes
|
N/A(1) | N/A(1) | N/A(1) |
Class Z Shares | |||
Return Before Taxes
|
N/A(1) | N/A(1) | N/A(1) |
Linked Benchmark (reflects no deduction for fees,
expenses or taxes)(2)
|
27.74% | 7.50% | 12.10% |
S&P 500® Index (reflects no deduction for
fees, expenses or taxes)(2)
|
31.49% | 11.70% | 13.56% |
(1) | The inception date for Class A, Class C, Class I, Class R and Class Z shares is July 1, 2019. Since inception and through December 31, 2019, Class A, Class C, Class I, Class R and Class Z share had a return before taxes of 4.69%, 8.28%, 9.75%, 9.55% and 9.80%, respectively. |
(2) | Total return for the Linked Benchmark and the S&P 500 Index for the period July 1, 2019 through December 31, 2019 was 8.17% and 10.08%, respectively. |
Class
A and C Shares |
Class
I Shares |
Class
L Shares |
Class
F, R and Z Shares | |
Minimum Initial Investment | • No minimum | • $100,000 (aggregate for registered advisors) | • $10,000 (aggregate for registered advisors) | • No minimum |
Minimum Subsequent Investment | • No
minimum • $100 for Automatic Investment Plans |
• No
minimum • $500 for Automatic Investment Plans |
• No
minimum • $500 for Automatic Investment Plans |
• No
minimum • $50 for Automatic Investment Plans |
• | derives at least 50% of its revenues from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land; |
• | has at least 50% of its assets invested in such real estate. |
• | common stocks; |
• | rights or warrants to purchase common stocks; |
• | securities convertible into common stocks where the conversion feature represents, in the Advisor's view, a significant element of the securities’ value; and |
• | preferred stocks. |
• | declines in the value of real estate; |
• | risks related to general and local economic conditions; |
• | possible lack of availability of mortgage funds; |
• | overbuilding; |
• | extended vacancies of properties; |
• | increased competition; |
• | increases in property taxes and operating expenses; |
• | changes in zoning laws; |
• | losses due to costs resulting from the clean-up of environmental problems; |
• | liability to third parties for damages resulting from environmental problems; |
• | casualty or condemnation losses; |
• | limitations on rents; |
• | changes in neighborhood values and the appeal of properties to tenants; |
• | changes in interest rates; |
• | falling home prices; |
• | failure of borrowers to pay their loans; |
• | early payment or restructuring of mortgage loans; |
• | slower mortgage origination; and |
• | rising construction costs. |
• | future foreign economic, financial, political and social developments; |
• | different legal systems; |
• | the possible imposition of exchange controls or other foreign governmental laws or restrictions; |
• | less governmental supervision; |
• | regulation changes; |
• | less publicly available information about foreign companies due to less rigorous disclosure and accounting standards or regulatory practices; |
• | high and volatile rates of inflation; |
• | foreign currency devaluation; |
• | fluctuating interest rates; and |
• | different accounting, auditing and financial record-keeping standards and requirements. |
• | the possibility of expropriation of assets; |
• | confiscatory taxation; |
• | difficulty in obtaining or enforcing a court judgment; |
• | economic, political or social instability; and |
• | diplomatic developments that could affect investments in those countries. |
• | growth of gross domestic product; |
• | rates of inflation; |
• | capital reinvestment; |
• | resources; |
• | self-sufficiency; and |
• | balance of payments position. |
• | Deferral and Omission Risk. Preferred securities may include provisions that permit the issuer, at its discretion, to defer or omit distributions for a stated period without any adverse consequences to the issuer. In certain cases, deferring or omitting distributions may be mandatory. If the Fund owns a preferred security that is deferring its distributions, the Fund may be required to report income for tax purposes although it has not yet received such income. In addition, recent changes in bank regulations may increase the likelihood for issuers to defer or omit distributions. |
• | Credit and Subordination Risk. Credit risk is the risk that a preferred security in the Fund’s portfolio will decline in price or the issuer of the security will fail to make dividend, interest or principal payments when due because the issuer experiences a decline in its financial status. Preferred securities are generally subordinated to bonds and other debt instruments in a company’s capital structure in terms of having priority to corporate income, claims to corporate assets and liquidation payments, and therefore will be subject to greater credit risk than more senior debt instruments. |
• | Interest Rate Risk. Interest rate risk is the risk that preferred securities will decline in value because of changes in market interest rates. When market interest rates rise, the market value of such securities generally will fall, and therefore the Fund may underperform during periods of rising interest rates. The Fund may be subject to a greater risk of rising interest rates than would normally be the case due to the current period of historically low rates and the effect of government monetary policy initiatives and resulting market reaction to those initiatives. Preferred securities with longer periods before maturity may be more sensitive to interest rate changes. |
• | Prepayment and Extension Risk. Prepayment risk is the risk that changes in interest rates, credit spreads or other factors will result in the call (repayment) of a preferred security more quickly than expected, such that the Fund may have to invest the proceeds in lower yielding securities, or that expectations of such early call will negatively impact the market price of the security. Extension risk is the risk that changes in the interest rates or credit spreads may result in diminishing call expectations, which can cause prices to fall. |
• | Call, Reinvestment and Income Risk. During periods of declining interest rates, an issuer may be able to exercise an option to redeem its issue at par earlier than scheduled which is generally known as call risk. Recent regulatory changes may increase call risk with respect to certain types of preferred securities. If this occurs, the Fund may be forced to reinvest in lower yielding securities. This is known as reinvestment risk. Preferred securities frequently have call features that allow the issuer to repurchase the security prior to its stated maturity. An issuer may redeem preferred securities if the issuer can refinance the preferred securities at a lower cost due to declining interest rates or an improvement in the credit standing of the issuer, or in the event of regulatory changes affecting the capital treatment of a security. Another risk associated with a declining interest rate environment is that the income from the Fund’s portfolio may decline over time when the Fund invests the proceeds from new share sales at market rates that are below the portfolio’s current earnings rate. |
• | Liquidity Risk. Certain preferred securities may be substantially less liquid than many other securities, such as common stocks or U.S. government securities. Illiquid securities involve the risk that the securities will not be able to be sold at the time desired by the Fund or at prices approximating the value at which the Fund is carrying the securities on its books. During periods of high volatility, the Fund may experience increased redemptions, requiring it to liquidate securities when it is difficult to do so. |
• | Limited Voting Rights Risk. Generally, traditional preferred securities offer no voting rights with respect to the issuer unless preferred dividends have been in arrears for a specified number of |
periods, at which time the preferred security holders may elect a number of directors to the issuer’s board of directors. Generally, once all the arrearages have been paid, the preferred security holders no longer have voting rights. Hybrid-preferred security holders generally have no voting rights. | |
• | Special Redemption Rights. In certain varying circumstances, an issuer of preferred securities may redeem the securities prior to a specified date. For instance, for certain types of preferred securities, a redemption may be triggered by a change in U.S. federal income tax or securities laws. As with call provisions, a redemption by the issuer may have a negative impact on the return of the security held by the Fund. See “Call, Reinvestment and Income Risk” above and “Regulatory Risk” below. |
• | New Types of Securities. From time to time, preferred securities, including hybrid-preferred securities, have been, and may in the future be, offered having features other than those described herein. The Fund reserves the right to invest in these securities if the Advisor believes that doing so would be consistent with the Fund’s investment objective and policies. Since the market for these instruments would be new, the Fund may have difficulty disposing of them at a suitable price and time. In addition to limited liquidity, these instruments may present other risks, such as high price volatility. |
Class
A and C Shares |
Class
I Shares |
Class
L Shares |
Class
F, R and Z Shares | |
Minimum Initial Investment | • No minimum | • $100,000 (aggregate for registered advisors) | • $10,000 (aggregate for registered advisors) | • No minimum |
Minimum Subsequent Investment | • No
minimum • $100 for Automatic Investment Plans |
• No
minimum • $500 for Automatic Investment Plans |
• No
minimum • $500 for Automatic Investment Plans |
• No
minimum • $50 for Automatic Investment Plans |
Class A Shares | Class C Shares | Class F Shares | Class I Shares | Class L Shares | Class R Shares | Class Z Shares | |
Eligibility | Generally available through financial intermediaries |
Generally available through financial
intermediaries |
Available through financial intermediaries with a selling agreement with the Distributor | Limited
to: • Current Institutional shareholders that meet certain requirements • Certain employer-sponsored retirement and benefit plans • Participants in certain programs sponsored by the Advisor or its affiliates or other financial intermediaries • Clients of financial intermediaries who have an agreement with the Fund’s Distributor to offer the Fund’s shares on a brokerage platform when such financial intermediary is acting as an agent for the client • Certain employees of the Advisor or |
Generally available through financial intermediaries | Available through certain group retirement and benefit plans Generally not available for purchase by traditional and Roth individual retirement accounts known as “IRAs” | Available through financial intermediaries with a selling agreement with the Distributor Generally not available for purchase by traditional and Roth individual retirement accounts known as “IRAs” |
Class A Shares | Class C Shares | Class F Shares | Class I Shares | Class L Shares | Class R Shares | Class Z Shares | |
its affiliates | |||||||
Minimum Investment1 | Initial
investment: • No minimum Subsequent investment: • No minimum • $100 for Automatic Investment Plans |
Initial investment: • No minimum Subsequent investment: • No minimum • $100 for Automatic Investment Plans |
Initial
investment: • No minimum Subsequent investment: • No minimum • $50 for Automatic Investment Plans |
Initial
investment: • $100,000 (aggregate for registered advisors) Subsequent investment: • No minimum • $500 for Automatic Investment Plans |
Initial
investment: • $10,000 (aggregate for registered advisors) Subsequent investment: • No minimum • $500 for Automatic Investment Plans |
Initial
investment: • No minimum Subsequent investment: • No minimum • $50 for Automatic Investment Plans |
Initial
Investment: • No minimum Subsequent investment: • No minimum • $50 for Automatic Investment Plans |
Initial Sales Charge2 | Yes. Paid at the time you purchase your investment. Larger purchases may receive a lower sales charge |
No. Full purchase price is invested in the
Fund |
No. Full purchase price is invested in the Fund | No. Full purchase price is invested in the Fund | No. Full purchase price is invested in the Fund | No. Full purchase price is invested in the Fund | No. Full purchase price is invested in the Fund |
Contingent Deferred Sales Charge (“CDSC”)3 | No. (You may pay a deferred sales charge for purchases of $1 million or more that are redeemed within 1 year of purchase) |
Yes. If you redeem your shares within 1
year of purchase you will be charged a 1% CDSC |
No | No | No | No | No |
Distribution (12b-1) Fees4 | 0.25% |
0.75% |
None | None | None | 0.50% | None |
Shareholder Service Fees5 | Up to 0.10% |
Up to 0.25% |
None | Up to 0.10% | Up to 0.10% | None | None |
Redemption Fee | No |
No |
No | No | No | No | No |
Advantages | • You may qualify for a reduced initial sales charge due to the size of your investment | •
No initial sales charge, so all of your
assets are initially invested • If you hold your shares for at least one year from the date of purchase, you will not pay a |
• No
initial sales charge, so all of your assets are initially invested • No distribution or shareholder fees |
• No
initial sales charge, so all of your assets are initially invested • No distribution fees |
• No
initial sales charge, so all of your assets are initially invested • No distribution fees |
• No
initial sales charge, so all of your assets are initially invested • No shareholder service fees |
• No
initial sales charge, so all of your assets are initially invested • No distribution or shareholder service fees |
Class A Shares | Class C Shares | Class F Shares | Class I Shares | Class L Shares | Class R Shares | Class Z Shares | |
sales charge • Class C shares may appeal to investors who have a shorter investment horizon relative to Class A shares investors |
|||||||
Disadvantages | • You
pay a sales charge up front and therefore own fewer shares
initially • You will pay on-going distribution expenses, which may result in lower total performance than share classes that do not pay these fees |
•
You pay a contingent deferred sales charge
if shares are sold within one year of purchase • You will pay on-going distribution expenses, which may result in lower total performance than share classes that do not pay these fees |
• Limited Availability | • Limited Availability | • Limited Availability | • Limited
Availability • You will pay on-going distribution expenses, which may result in lower total performance than share classes that do not pay these fees |
• Limited Availability |
1 | The Fund reserves the right to waive or change its minimum investment requirements. |
2 | A percentage fee deducted from your initial investment. |
3 | A percentage fee deducted from your sale proceeds based on the length of time you own your shares. |
4 | An ongoing annual percentage fee used to pay for distribution expenses. For Class R shares, an ongoing annual percentage fee used to pay for distribution expenses and the cost of servicing shareholder accounts. Except as otherwise noted, Class C shares automatically convert into Class A shares on a monthly basis approximately ten years after the original date of purchase, thereby lowering the Distribution (12b-1) Fees paid by such Class C shareholders. |
5 | An ongoing annual percentage fee used to pay for the cost of servicing shareholder accounts. |
SALES CHARGE AS A PERCENTAGE OF | ||||
INVESTMENT AMOUNT | OFFERING PRICE* |
NET
AMOUNT INVESTED | ||
Less than $100,000
|
4.50% | 4.71% | ||
$100,000 but less than $250,000
|
3.75% | 3.90% | ||
$250,000 but less than $500,000
|
2.75% | 2.83% | ||
$500,000 but less than $1 million
|
2.00% | 2.04% | ||
$1 million or more
|
None | None |
* | “Offering Price” is the amount you actually pay for Fund shares; it includes the initial sales charge. |
• | you, your spouse and children under the age of 21; |
• | a trustee or other fiduciary purchasing for a single trust, estate or single fiduciary account although more than one beneficiary is involved; and |
• | any U.S. bank or investment advisor purchasing shares for its investment advisory clients. |
• | retirement plans introduced by persons not associated with brokers or dealers that are primarily engaged in the retail securities business and rollover IRAs from such plans; |
• | tax-exempt employee benefit plans of the Advisor or its affiliates and securities dealer firms with a selling agreement with the Distributor, including certain health savings accounts (“HSAs”); |
• | institutional advisory accounts of the Advisor or its affiliates and related employee benefit plans and rollover IRAs from such institutional advisory accounts; |
• | a bank, trust company or similar financial institution investing for its own account or for the account of its trust customers for whom such financial institution is exercising investment discretion in purchasing Class I shares, except where the investment is part of a program that requires payment to the financial institution of a Rule 12b-1 plan fee; |
• | registered investment advisors investing on behalf of clients that consist of institutions and/or individuals; |
• | clients (including individuals, corporations, endowments, foundations and qualified plans) of approved financial intermediaries who charge such clients an ongoing fee for advisory, investment, consulting or similar services, or who have entered into an agreement with the Distributor to offer Class I shares through an omnibus account, no-load network or platform; |
• | investors who purchase through certain “wrap” programs, fee based advisory programs, asset allocation programs and similar programs with approved financial intermediaries; |
• | clients of financial intermediaries who have an agreement with the Fund’s Distributor to offer the Fund’s shares on a brokerage platform when such financial intermediary is acting as an agent for the client; |
• | current officers, directors and employees (and their immediate families) of the Fund, the Advisor, CNS, the Distributor, and to any trust, pension, profit-sharing or other benefit plan for only such persons; and |
• | investors having a direct relationship with the Advisor or its affiliates. |
• | certain types of fee based programs and group retirement accounts (e.g., 401(k) plans or employer-sponsored 403(b) plans); |
• | financial intermediaries who have entered into an agreement with the Distributor to offer shares through a wrap and/or asset allocation program; |
• | financial intermediaries who have entered into an agreement with the Distributor to offer shares through a no-load network or platform, or through a self-directed investment brokerage account program that charges a transaction fee to its clients; |
• | certain financial institutions and third-party recordkeepers and/or administrators who have agreements with the Distributor with respect to such purchases, and who buy shares for their accounts on behalf of investors in retirement plans and deferred compensation plans; |
• | current officers, directors and employees (and their immediate families) of the Fund, the Advisor, CNS, the Distributor, and any trust, pension, profit-sharing or other benefit plan for only such persons; |
• | registered investment advisors clearing through multiple firms having an aggregate $100,000 or more invested in shares of Cohen & Steers open-end funds; and |
• | financial intermediaries who have entered into an agreement with the Distributor to offer shares on a brokerage platform when such financial intermediary is acting as an agent for its client. |
• | certain types of fee based programs and group retirement accounts (e.g., 401(k) plans or employer-sponsored 403(b) plans); |
• | financial intermediaries who have entered into an agreement with the Distributor to offer shares through a wrap and/or asset allocation program; |
• | financial intermediaries who have entered into an agreement with the Distributor to offer shares through a no-load network or platform, or through a self-directed investment brokerage account program that charges a transaction fee to its clients; |
• | certain financial institutions and third-party recordkeepers and/or administrators who have agreements with the Distributor with respect to such purchases, and who buy shares for their accounts on behalf of investors in retirement plans and deferred compensation plans; |
• | current officers, directors and employees (and their immediate families) of the Fund, the Advisor, CNS, the Distributor, and any trust, pension, profit-sharing or other benefit plan for only such persons; and |
• | registered investment advisors clearing through multiple firms having an aggregate $100,000 or more invested in shares of Cohen & Steers open-end funds. |
• | group retirement plans, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit-sharing and money purchase pension plans, and defined benefit plans; |
• | non-qualified deferred compensation plans where plan level or omnibus accounts are held on the books of a Fund; and |
• | employee benefit plans, including certain HSAs. |
• | group retirement plans, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit-sharing and money purchase pension plans, and defined benefit plans; |
• | non-qualified deferred compensation plans where plan level or omnibus accounts are held on the books of a Fund; and |
• | employee benefit plans, including certain HSAs. |
• | name of the Fund; |
• | class of shares; |
• | name(s) in which shares are to be registered; |
• | address; |
• | social security or tax identification number (where applicable); |
• | dividend payment election; |
• | amount to be wired; |
• | name of the wiring bank; and |
• | name and telephone number of the person to be contacted in connection with the order. |
• | name of the Fund; |
• | class of shares; |
• | account number; |
• | amount to be wired; |
• | name of the wiring bank; and |
• | name and telephone number of the person to be contacted in connection with the order. |
• | state the number of shares or dollar amount to be redeemed; |
• | identify your account number and tax identification number; and |
• | be signed by each registered owner exactly as the shares are registered. |
• | sending written requests to wire redemption proceeds (if not previously authorized on the Subscription Agreement); |
• | sending redemption proceeds to any person, address or bank account not on record; and |
• | transferring redemption proceeds to a Cohen & Steers fund account with a different registration (name/ownership) from yours. |
• | fail to provide us with your correct taxpayer identification number; |
• | fail to make required certifications; or |
• | have been notified by the IRS that you are subject to backup withholding. |
Class A | |
For the Period July 1, 2019(a) through December 31, 2019 | |
Per Share Operating Data: | |
Net asset value, beginning of period
|
$65.57 |
Income (loss) from investment operations: | |
Net investment income (loss)(b)
|
1.11 |
Net realized and unrealized gain (loss)
|
5.10 |
Total from investment operations
|
6.21 |
Less dividends and distributions to shareholders from: | |
Net investment income
|
(0.81) |
Net realized gain
|
(4.87) |
Total dividends and distributions to
shareholders
|
(5.68) |
Net increase (decrease) in net asset value
|
0.53 |
Net asset value, end of period
|
$66.10 |
Total return(c),(d)
|
9.63%(e) |
Ratios/Supplemental Data: | |
Net assets, end of period (in millions)
|
$5.8 |
Ratios to average daily net assets:
|
|
Expenses (before expense reduction)
|
1.20%(f) |
Expenses (net of expense reduction)
|
1.15%(f) |
Net investment income (loss) (before expense
reduction)
|
3.39%(f),(g) |
Net investment income (loss) (net of expense
reduction)
|
3.44%(f),(g) |
Portfolio turnover rate
|
91%(e) |
(a) | Inception date. |
(b) | Calculation based on average shares outstanding. |
(c) | Return assumes the reinvestment of all dividends and distributions at net asset value. |
(d) | Does not reflect sales charges, which would reduce return. |
(e) | Not annualized. |
(f) | Annualized. |
(g) | The annualized ratios of net investment income to average daily net assets may not be indicative of operating results for a full year. |
Class C | |
For the Period July 1, 2019(a) through December 31, 2019 | |
Per Share Operating Data: | |
Net asset value, beginning of period
|
$65.57 |
Income (loss) from investment operations: | |
Net investment income (loss)(b)
|
0.91 |
Net realized and unrealized gain (loss)
|
5.09 |
Total from investment operations
|
6.00 |
Less dividends and distributions to shareholders from: | |
Net investment income
|
(0.72) |
Net realized gain
|
(4.87) |
Total dividends and distributions to
shareholders
|
(5.59) |
Net increase (decrease) in net asset value
|
0.41 |
Net asset value, end of period
|
$65.98 |
Total return(c),(d)
|
9.28%(e) |
Ratios/Supplemental Data: | |
Net assets, end of period (in millions)
|
$1.6 |
Ratios to average daily net assets:
|
|
Expenses (before expense reduction)
|
1.85%(f) |
Expenses (net of expense reduction)
|
1.80%(f) |
Net investment income (loss) (before expense
reduction)
|
2.79%(f),(g) |
Net investment income (loss) (net of expense
reduction)
|
2.84%(f),(g) |
Portfolio turnover rate
|
91%(e) |
(a) | Inception date. |
(b) | Calculation based on average shares outstanding. |
(c) | Return assumes the reinvestment of all dividends and distributions at net asset value. |
(d) | Does not reflect sales charges, which would reduce return. |
(e) | Not annualized. |
(f) | Annualized. |
(g) | The annualized ratios of net investment income to average daily net assets may not be indicative of operating results for a full year. |
Class I | |
For the Period July 1, 2019(a) through December 31, 2019 | |
Per Share Operating Data: | |
Net asset value, beginning of period
|
$65.57 |
Income (loss) from investment operations: | |
Net investment income (loss)(b)
|
0.84 |
Net realized and unrealized gain (loss)
|
5.45 |
Total from investment operations
|
6.29 |
Less dividends and distributions to shareholders from: | |
Net investment income
|
(0.84) |
Net realized gain
|
(4.87) |
Total dividends and distributions to
shareholders
|
(5.71) |
Net increase (decrease) in net asset value
|
0.58 |
Net asset value, end of period
|
$66.15 |
Total return(c)
|
9.75%(d) |
Ratios/Supplemental Data: | |
Net assets, end of period (in millions)
|
$302.0 |
Ratios to average daily net assets:
|
|
Expenses (before expense reduction)
|
0.93%(e) |
Expenses (net of expense reduction)
|
0.88%(e) |
Net investment income (loss) (before expense
reduction)
|
2.43%(e),(f) |
Net investment income (loss) (net of expense
reduction)
|
2.48%(e),(f) |
Portfolio turnover rate
|
91%(d) |
(a) | Inception date. |
(b) | Calculation based on average shares outstanding. |
(c) | Return assumes the reinvestment of all dividends and distributions at net asset value. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | The annualized ratios of net investment income to average daily net assets may not be indicative of operating results for a full year. |
Class L | ||||||||||
For the Year Ended December 31, | ||||||||||
Per Share Operating Data: | 2019 | 2018 | 2017 | 2016 | 2015 | |||||
Net asset value, beginning of year
|
$58.20 | $64.45 | $65.63 | $70.52 | $76.86 | |||||
Income (loss) from investment operations: | ||||||||||
Net investment income (loss)(a)
|
1.08 | 1.23 | 1.05 | 1.11 | 0.92(b) | |||||
Net realized and unrealized gain (loss)
|
17.48 | (3.70)(c) | 3.49 | 2.85 | 2.17 | |||||
Total from investment operations
|
18.56 | (2.47) | 4.54 | 3.96 | 3.09 | |||||
Less dividends and distributions to shareholders from: | ||||||||||
Net investment income
|
(0.83) | (1.12) | (1.16) | (1.11) | (0.87) | |||||
Net realized gain
|
(9.77) | (2.66) | (4.56) | (7.74) | (8.56) | |||||
Total dividends and distributions to
shareholders
|
(10.60) | (3.78) | (5.72) | (8.85) | (9.43) | |||||
Net increase (decrease) in net asset value
|
7.96 | (6.25) | (1.18) | (4.89) | (6.34) | |||||
Net asset value, end of year
|
$66.16 | $58.20 | $64.45 | $65.63 | $70.52 | |||||
Total return(d)
|
32.90% | -4.20%(c) | 7.10% | 5.61% | 5.00% | |||||
Ratios/Supplemental Data: | ||||||||||
Net assets, end of year (in millions)
|
$4,029.5 | $3,740.0 | $4,538.7 | $5,256.9 | $5,743.3 | |||||
Ratios to average daily net assets:
|
||||||||||
Expenses (before expense reduction)
|
0.95% | 1.00%(c) | 0.96% | 0.96% | 0.98% | |||||
Expenses (net of expense reduction)
|
0.92% | 1.00%(c) | 0.96% | 0.96% | 0.98% | |||||
Net investment income (loss) (before expense
reduction)
|
1.56% | 1.98% | 1.58% | 1.56% | 1.24% | |||||
Net investment income (loss) (net of expense
reduction)
|
1.59% | 1.98% | 1.58% | 1.56% | 1.24% | |||||
Portfolio turnover rate
|
91% | 63% | 75% | 78% | 58% |
(a) | Calculation based on average shares outstanding. |
(b) | 13.1% of gross income was attributable to dividends paid by Simon Property Group for the years ended December 31, 2015. |
(c) | During the reporting period the Fund settled legal claims against two issuers of securities previously held by the Fund. As a result, the net realized and unrealized gain (loss) on investments per share includes proceeds received from the settlements. Without these proceeds the net realized and unrealized gain (loss) on investments per share would have been $(3.81). Additionally, the expense ratio includes extraordinary expenses related to the direct action Without these expenses, the ratio of expenses to average daily net assets would have been 0.97%. Excluding the proceeds from and expenses relating to the settlements, the total return would have been -4.35%. |
(d) | Return assumes the reinvestment of all dividends and distributions at net asset value. |
Class R | |
For the Period July 1, 2019(a) through December 31, 2019 | |
Per Share Operating Data: | |
Net asset value, beginning of period
|
$65.57 |
Income (loss) from investment operations: | |
Net investment income (loss)(b)
|
0.96 |
Net realized and unrealized gain (loss)
|
5.20 |
Total from investment operations
|
6.16 |
Less dividends and distributions to shareholders from: | |
Net investment income
|
(0.73) |
Net realized gain
|
(4.87) |
Total dividends and distributions to
shareholders
|
(5.60) |
Net increase (decrease) in net asset value
|
0.56 |
Net asset value, end of period
|
$66.13 |
Total return(c)
|
9.55%(d) |
Ratios/Supplemental Data: | |
Net assets, end of period (in millions)
|
$2.0 |
Ratios to average daily net assets:
|
|
Expenses (before expense reduction)
|
1.35%(e) |
Expenses (net of expense reduction)
|
1.30%(e) |
Net investment income (loss) (before expense
reduction)
|
3.10%(e),(f) |
Net investment income (loss) (net of expense
reduction)
|
3.15%(e),(f) |
Portfolio turnover rate
|
91%(d) |
(a) | Inception date. |
(b) | Calculation based on average shares outstanding. |
(c) | Return assumes the reinvestment of all dividends and distributions at net asset value. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | The annualized ratios of net investment income to average daily net assets may not be indicative of operating results for a full year. |
Class Z | |
For the Period July 1, 2019(a) through December 31, 2019 | |
Per Share Operating Data: | |
Net asset value, beginning of period
|
$65.57 |
Income (loss) from investment operations: | |
Net investment income (loss)(b)
|
1.62 |
Net realized and unrealized gain (loss)
|
4.70 |
Total from investment operations
|
6.32 |
Less dividends and distributions to shareholders from: | |
Net investment income
|
(0.85) |
Net realized gain
|
(4.87) |
Total dividends and distributions to
shareholders
|
(5.72) |
Net increase (decrease) in net asset value
|
0.60 |
Net asset value, end of period
|
$66.17 |
Total return(c)
|
9.80%(d) |
Ratios/Supplemental Data: | |
Net assets, end of period (in 000s)
|
$503.9 |
Ratios to average daily net assets:
|
|
Expenses (before expense reduction)
|
0.85%(e) |
Expenses (net of expense reduction)
|
0.80%(e) |
Net investment income (loss) (before expense
reduction)
|
5.09%(e),(f) |
Net investment income (loss) (net of expense
reduction)
|
5.14%(e),(f) |
Portfolio turnover rate
|
91%(d) |
(a) | Inception date. |
(b) | Calculation based on average shares outstanding. |
(c) | Return assumes the reinvestment of all dividends and distributions at net asset value. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | The annualized ratios of net investment income to average daily net assets may not be indicative of operating results for a full year. |
• | Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan. |
• | Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents). |
• | Shares purchased through a Merrill Lynch affiliated investment advisory program. |
• | Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers. |
• | Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform. |
• | Shares of funds purchased through the Merrill Edge Self-Directed platform. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family). |
• | Shares exchanged from Class C (i.e., level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers. |
• | Employees and registered representatives of Merrill Lynch or its affiliates and their family members. |
• | Directors or Trustees of the Fund, and employees of the Fund’s investment advisor or any of its affiliates, as described in the Prospectus. |
• | Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to an initial or deferred sales charge (known as Rights of Reinstatement). Automated transactions (i.e., systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement. |
• | Death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Prospectus. |
• | Return of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code. |
• | Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch. |
• | Shares acquired through a right of reinstatement. |
• | Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and C shares only). |
• | Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers. |
• | Breakpoints as described in the Prospectus. |
• | Rights of Accumulation, (“ROA”) which entitle shareholders to breakpoint discounts as described in the Fund’s prospectus, will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not |
held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. | |
• | Letters of Intent (“LOI”), which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time. |
• | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs. |
• | Shares purchased through an Ameriprise Financial investment advisory program (if an Advisory or similar share class for such investment advisory program is not available). |
• | Shares purchased by third-party investment advisors on behalf of their advisory clients through Ameriprise Financial’s platform (if an Advisory or similar share class for such investment advisory program is not available). |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund (but not any other fund within the same fund family). |
• | Shares exchanged from Class C shares of the same fund in the month of or following the 10-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges. |
• | Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members. |
• | Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great-grandmother, great-grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great-grandson, great-granddaughter) or any spouse of a covered family member who is a lineal descendant. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., Rights of Reinstatement). |
• | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans. |
• | Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules. |
• | Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund. |
• | Shares purchased through a Morgan Stanley self-directed brokerage account. |
• | Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s shares class conversion program. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided the repurchase occurs within 90 days following the redemption, the redemption and purchase occur in the same account, and redeemed shares were subject to a front-end deferred sales charge (sometimes known as Rights of Reinstatement). |
• | Shares purchased in an investment advisory program. |
• | Shares purchased within the same fund family through a systematic reinvestment of capital gains and dividend distributions. |
• | Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occurs in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). |
• | A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
• | Death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus. |
• | Return of excess contributions from an IRA account. |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the Fund’s prospectus. |
• | Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James. |
• | Shares acquired through a right of reinstatement. |
• | Breakpoints as described in this prospectus. |
• | Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family). |
• | Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney. |
• | Shares purchased from the proceeds of redemptions with the same fund family, provided 1) the repurchase occurs within ninety (90) days following the redemptions, 2) the redemption and purchase occur in the same account, and 3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement). |
• | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans. |
• | Shares acquired through a right of reinstatement. |
• | Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures. |
• | Shares sold upon the death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Fund’s Prospectus. |
• | Shares sold in connection with a return of excess contributions from an IRA account. |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations. |
• | Shares sold to pay Janney fees but only if the transaction is initiated by Janney. |
• | Shares acquired through a right of reinstatement. |
• | Shares exchanged into the same share class of a different fund. |
• | Breakpoints as described in the Fund’s Prospectus. |
• | Rights of Accumulation, (“ROA”) which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
• | Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remain in good standing pursuant to Edward Jones’ policies and procedures. |
• | Shares purchased in an Edward Jones fee-based program. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment. |
• | Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account. |
• | Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus. |
• | Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones. |
• | Death or disability of the shareholder. |
• | Systematic withdrawals with up to 10% per year of the account value. |
• | Return of excess contributions from an Individual Retirement Account (IRA). |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations. |
• | Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initialed by Edward Jones. |
• | Shares exchanged in an Edward Jones fee-based program. |
• | Shares acquired through NAV reinstatement. |
• | The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except any money market funds and retirement plan share classes) of Cohen & Steers funds held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (“pricing groups”). This includes all share classes held on Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the rights of accumulation calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. |
• | Rights of accumulation is determined by calculating the higher of cost or market value (current shares x NAV). |
• | Through a Letter of Intent (“LOI”), shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. Purchases made |
before the LOI is received by Edward Jones are not covered under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. |
• | $250 initial purchase minimum. |
• | $50 subsequent purchase minimum |
• | A fee-based account held on an Edward Jones platform. |
• | A 529 account held on an Edward Jones platform. |
• | An account with an active systematic investment plan or LOI. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing share of the same fund. |
• | Share purchase by employees and registers representatives of Baird or its affiliate and their family members as designated by Baird. |
• | Shares purchase from the proceeds of redemptions from another Cohen & Steers fund, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same accounts, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement). |
• | A shareholder in the Fund’s Class C Shares will have their share converted at net asset value to Class A shares of the Fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird. |
• | Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs. |
• | Shares sold due to death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Fund’s Prospectus. |
• | Shares bought due to returns of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations. |
• | Shares sold to pay Baird fees but only if the transaction is initiated by Baird. |
• | Shares acquired through a right of reinstatement. |
• | Breakpoints as described in this prospectus. |
• | Rights of accumulations which entitles shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Cohen & Steers fund assets held by accounts within the purchaser’s household at Baird. Eligible Cohen & Steers fund assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases of Cohen & Steers funds through Baird, over a 13-month period of time. |
⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |||||||
Name | Social Security Number** | Date of Birth | |||||||||||||||
⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |||||||
Name of Joint Owner, if any | Social Security Number** | Date of Birth | |||||||||||||||
Citizenship: | □ U.S. Citizen | □ Resident Alien | |||||||||||||||
Country of Citizenship |
⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |||||||
Custodian’s name (only one permitted) | Social Security Number** | Date of Birth | |||||||||||||||
⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |||||||
Minor’s name (only one permitted) | Social Security Number** | Date of Birth | |||||||||||||||
under the | Uniform Gifts/Transfers to Minors Act | ||||||||||||||||
(state residence of minor) | |||||||||||||||||
Citizenship of custodian: | □ U.S. Citizen | □ Resident Alien | |||||||||||||||
Country of Citizenship | |||||||||||||||||
Citizenship of minor: | □ U.S. Citizen | □ Resident Alien | |||||||||||||||
Country of Citizenship |
Name of Trust, Corporation or Other Entity | Tax Identification Number** | Date of Trust Agreement*** |
* | All joint registrations will be registered as “joint tenants with rights of survivorship” unless otherwise specified. |
** | If applied for, include a copy of application for social security or tax identification number. |
*** | In the event your account type is a Trust, Corporation or Other Entity (including a corporation, limited liability company, general partnership, statutory trust, non-profit or any similar business entity formed in the United States), a Legal Entity Beneficial Ownership Certification Form (the “Form”) must be completed by the person opening a new account on behalf of a legal entity. This form is available at https://www.cohenandsteers.com/page/fund-documents. If an Application requires a Form and a Form is not provided, the Application will be rejected. |
† | If no classification is provided, per IRS regulations, your account will default to an S Corporation. |
⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |||||||
Authorized Individual/Trustee | Social Security Number* | Date of Birth | |||||||||||||||
⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |||||||
Authorized Individual/Trustee | Social Security Number* | Date of Birth | |||||||||||||||
Citizenship: | □ U.S. Citizen | □Resident Alien | |||||||||||||||
Country of Citizenship |
* | If applied for, include a copy of application for social security number. |
** | Nonresident aliens must include a copy of a government-issued photo ID with this application. |
( ) | |||||||||||
Street | Home Telephone Number | ||||||||||
( ) | |||||||||||
City and State | Zip Code | Business Telephone Number | |||||||||
Mailing Address | City | State | Zip | ||||||||
Joint Registrant Street Address (required if different than Registrant Address above) | |||||||||||
Address
|
City | State | Zip |
* | Call (800) 437-9912 to notify the Fund of investments by wire and to obtain an account number. See the Purchase of Fund Shares section of the Prospectus for wire instructions. |
A. | The automatic investment plan makes possible regularly scheduled monthly purchases of Fund shares. The Fund’s Transfer Agent can arrange for an amount of money selected by you ($100 minimum) to be deducted from your checking account and used to purchase shares of the Fund. |
Please
debit $
from my checking account beginning on |
*. |
(Month) |
B. | □ Please establish the Auto-Buy option, which allows you to make additional investments on dates you choose by having an amount of money selected by you ($100 minimum) deducted from your checking account.* |
* | To initiate the Automatic Investment Plan or the Auto-Buy option, section 11 of this Subscription Agreement must be completed. |
Account Name | Social Security Number | |||||||||||
1. | ⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |
2. | ⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ | |
3. | ⎢ | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢- | ⎢ | ⎢ | ⎢ | ⎢ ⎢ |
Dividends | □ Reinvest. | □ Pay in cash. |
Capital Gains | □ Reinvest. | □ Pay in cash. |
Bank Name | Bank ABA Number | ||
Street or P.O. Box | Bank Account Number | ||
City and State | Zip Code | Account Name |
(a) | By signing this agreement, I represent and warrant that: |
(1) | I have the full right, power, capacity and authority to invest in the Fund; |
(2) | I am of legal age in my state of residence or am an emancipated minor; |
(3) | All of the information on this agreement is true and correct; and |
(4) | I will notify the Fund immediately if there is any change in this information. |
(b) | I have read the current Prospectus of the Fund and this agreement and agree to all their terms. I also agree that any shares purchased now or later are and will be subject to the terms of the Fund’s Prospectus as in effect from time to time. Further, I agree that the Fund, its administrators and service providers and any of their directors, trustees, employees and agents will not be liable for any claims, losses or expenses (including legal fees) for acting on any instructions believed to be genuine, provided that reasonable security procedures have been followed. If an account has multiple owners, the Fund may rely on the instructions of any one account owner unless all owners specifically instruct the Fund otherwise. |
(c) | I am aware that under the laws of certain states, the assets in my account may be transferred (escheated) to the state if no activity occurs in my account within a specified period of time. |
(d) | If I am a U.S. citizen, resident alien, or a representative of a U.S. entity, I certify, under penalty of perjury, that: |
(1) | The taxpayer identification number and tax status shown on this form are correct. |
(2) | I am not subject to backup withholding because: |
• I am exempt from backup withholding, OR |
(3) | I am a U.S. person (including resident alien). |
(e) | Additional Certification: |
(1) | Neither I (we), nor any person having a direct or indirect beneficial interest in the shares to be acquired, appears on any U.S. government published list of persons who are known or suspected to engage in money laundering activities, such as the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control of the United States Department of the Treasury. I (we) do not know or have any reason to suspect that (i) the monies used to fund my (our) investment have been or will be derived from or related to any illegal activities and (ii) the proceeds from my (our) investment will be used to finance any illegal activities. |
(2) | I agree to provide such information and execute and deliver such documents as the Fund may reasonably request from time to time to verify the accuracy of the information provided in connection with the opening of an account or to comply with any law, rule or regulation to which the Fund may be subject, including compliance with anti-money laundering laws. |
X | x | |||||
Signature* (Owner, Trustee, Etc.) | Date | Signature* (Joint Owner, Co-Trustee) | Date | |||
Name and Title |
* | If shares are to be registered in (1) joint names, both persons should sign, (2) a custodian’s name, the custodian should sign, (3) a trust, the trustee(s) should sign, or (4) a corporation or other entity, an officer or other authorized person should sign and print name and title above. Persons signing as representatives or fiduciaries of corporations, partnerships, trusts or other organizations are required to furnish corporate resolutions or similar documents providing evidence that they are authorized to effect securities transactions on behalf of the Investor (alternatively, the secretary or another designated officer of the entity may certify the authority of the persons signing on the space provided above). |
Dealer’s Name | Dealer Number | |
Main Office Address | Branch Number | |
Representative’s Name | Rep. Number | |
( ) | ||
Branch Address | Telephone Number | |
Authorized Signature of Dealer | Date |
• | Annual/Semi-Annual Reports—Additional information about the Fund’s investments is available in the Fund’s annual and semi-annual reports to shareholders. In these reports, you will find a discussion of the market conditions and investment strategies that significantly affected the Fund’s performance during its most recent fiscal period. |
• | Statement of Additional Information—Additional information about the Fund’s investments, structure and operations can be found in the SAI. The information presented in the SAI is incorporated by reference into this Prospectus and is legally considered to be part of the Prospectus. |
By telephone | (800) 437-9912 |
By mail | Cohen & Steers Realty Shares, Inc. |
c/o DST Asset Manager Solutions, Inc. |
P.O. Box 219953 |
Kansas City, MO 64121-9953 |
By e-mail | [email protected] |
On the Internet | www.cohenandsteers.com |
• | By accessing the SEC’s Internet site at http://www.sec.gov where you can view, download and print the information. |
• | By electronic request at the following e-mail address: [email protected]. Upon payment of a duplicating fee, copies of the information will be sent to you. |