This asset allocation tool is for illustrative purposes only and is not intended to represent the returns of any specific security. It provides historical risk and return data for various indices. Past performance is no guarantee of future results. You cannot invest directly in an index. Asset allocation cannot assure a profit or protect against a loss in a declining market.

Risk is measured by standard deviation. Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data is, the higher the deviation. The higher the standard deviation of an investment's returns, the greater the relative riskiness because of uncertainty in the amount of returns.
 
The FTSE NAREIT Equity Index is an unmanaged, market capitalization weighted index of all publicly traded Equity REITs that have 75% or more of their gross invested book assets invested directly or indirectly in the equity ownership of real estate. The S&P 500 is an unmanaged index of 500 large capitalization companies representing a variety of industries. Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, and is often used as a measure of small stock performance. MSCI (Morgan Stanley Capital International) EAFE Index represents the performance of 900 non-U.S. companies whose stock is listed on stock exchanges located in Europe, Australia and the Far East. Citigroup Group Broad Investment Grade Bond Index is designed to reflect the performance of investment-grade, U.S. government and domestic corporate bonds. S&P/Citigroup World (ex-U.S.) Property Broad Market Index is an unmanaged market-weighted total return index that consists of many companies from developed markets outside the U.S. with floats larger than $100 million and that derive more than half of their revenue from property-related activities.
 
Risks of investing in REITs are similar to those associated with direct investments in real estate securities, including falling property values due to increasing vacancies, declining rents resulting from economic, legal, tax or political developments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions. Foreign securities involve special risks, including currency fluctuations, lower liquidity, political and economic uncertainties, and differences in accounting standards. Some international securities may represent small- and medium-sized companies, which may be more susceptible to price volatility and less liquidity than larger companies.
 
  Click here to download a prospectus for a Cohen & Steers fund
 
  Click here to visit the Fund Center portion of the website and see standardized total returns for the Cohen & Steers funds
 
This requires the Shockwave plug-in. If you do not already have it, click here to download it
 
Click here to view the Asset Allocation Tool
 
Please consider the investment objectives, risks, charges and expenses of any Cohen & Steers fund carefully before investing.
A prospectus containing this and other information can be viewed by clicking here or obtained by calling 800-330-7348.
Please read the prospectus carefully before investing.

Copyright © 2006 Cohen & Steers. All rights reserved. Cohen & Steers Securities, LLC, distributor