Cohen & Steers Dividend Value Fund

Objective
The Fund seeks to provide a relatively high level of current income and capital appreciation.

Portfolio Highlight & General Information 12/31/09

Symbol A - DVFAX
C - DVFCX
I - DVFIX 		# of Holdings 89
Total Net Assets $198.6 Million NAV per share $10.87
SEC Yield*      (Class A) 1.14% Redemption Fee** 2%
Expense Ratio Gross (Class A)*** 1.57% Expense Ratio Net (Class A)*** 1.15%

*. The SEC yield is calculated by dividing annualized net investment income per share during a 30-day period by the maximum offering price per share as of the close of that period. SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities.
** Applies to certain Class A and Class I shares redeemed or exchanged within 60 days of purchase. See prospectus for additional information.
***As of February 28, 2009. Through February 28, 2010, Cohen & Steers has contractually agreed to waive its fee and/or reimburse a portion of the Fund's expenses to the extent necessary to maintain the Class A share expense ratio at 1.15% of average daily net assets. Absent such arrangements, returns would have been lower.


  Portfolio Managers

Richard E. Helm

  Morningstar Ratings  1/31/2010 

Overall Out of 1772 Large Blend Funds
3 year
5 year N/A
10 year N/A

Top 10 Holdings as of 12/31/09

Name Sector % of Net Assets
Total SA Energy 3.1
JPMorgan Chase Financial 3.0
Exxon Mobil Corp. Energy 2.9
Chevron Corp. Energy 2.7
General Electric Industrial 2.4
Bank of America Corp. Financial 2.2
Devon Energy Energy 2.2
HCC Insurance Holdings Financial 2.0
FPL Group Inc. Utilities 1.9
AT&T Communications 1.9

The Fund's portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security.

Morningstar rated this fund among 1772, 1772, and  Large Blend funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 1/31/2010, respectively. The Overall Morningstar Rating (tm) is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating (tm) metrics. Past performance is no guarantee of future results.

For funds with at least a 3-year history, a Morningstar Rating (tm) is based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variaitons in the distribution percentages.

© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.



Cohen & Steers Dividend Value Fund

Dividend Funds from Cohen & Steers

The Cohen & Steers Dividend Value Fund seeks to provide a relatively high level of current income and capital appreciation. Cohen & Steers Dividend Value Fund seeks to invest in large capitalization companies with dividend growth potential and sustainable cash flow, which in turn, may provide the potential for capital appreciation and income, with low volatility relative to the overall market.
Click here to contact us and learn more about dividend funds and investing with Cohen & Steers.

Cohen & Steers Securities, LLC, distributor

Average Annual Total Returns ( A Share Class) As of: 01/31/2010

Excluding Sales Charge Including Sales Charge** Russell 1000 Value Index S&P 500
YTD -3.59% -7.93% -2.81% -3.60%
1 Year 24.90% 19.28% 31.44% 33.12%
3 Year -7.42% -8.83% -10.20% -7.24%
Since Inception (8/31/05) 0.11% -0.93% -1.85% -0.79%
Expense Ratio Gross (Class A)*: 1.57%
Expense Ratio Net (Class A)*: 1.15%

*As of February 28, 2009. Through February 28, 2010, Cohen & Steers has contractually agreed to waive its fee and/or reimburse a portion of the Fund's expenses to the extent necessary to maintain the Class A share expense ratio at 1.15% of average daily net assets. Absent such arrangements, returns would have been lower.
Average Annual Total Returns ( A Share Class) As of: 12/31/2009

Excluding Sales Charge Including Sales Charge** Russell 1000 Value Index S&P 500
Q4:09 5.18% 0.44% 4.22% 6.04%
1 Year 17.04% 11.78% 19.69% 26.45%
3 Year -5.91% -7.34% -8.96% -5.63%
Since Inception (8/31/05) 0.96% -0.11% -1.24% 0.04%
Expense Ratio Gross (Class A)*: 1.57%
Expense Ratio Net (Class A)*: 1.15%

*As of February 28, 2009. Through February 28, 2010, Cohen & Steers has contractually agreed to waive its fee and/or reimburse a portion of the Fund's expenses to the extent necessary to maintain the Class A share expense ratio at 1.15% of average daily net assets. Absent such arrangements, returns would have been lower.
** Maximum 4.5% sales charge; returns for other share classes will differ due to differing expense structures and sales charges. Class C shares are subject to a maximum CDSC of 1% if shares are redeemed within one year of purchases.

Performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns are historical and include change in share price and reinvestment of all distributions.

Periods greater than 12 months are annualized. Returns are historical and include change in share price and reinvestment of all distributions. The quarterly performance quoted does not reflect the deduction of the 2% fee charged on certain redemptions or exchanges within 60 days of purchase; if it did, performance would be lower. During certain of the periods presented above the advisor waived fees and/or reimbursed expenses. Absent this arrangement, returns would have been lower.

Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. A prospectus containing this and other information may be obtained by calling 1-800-330-7348 or clicking here. Please read the prospectus carefully before investing.

Russell 1000 Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The Standard and Poor's 500 Composite Stock Index (S&P 500) is an unmanaged index of 500 large capitalization, publicly traded stocks representing a variety of industries. You cannot invest directly in an index, and index performance does not reflect the deduction of any fees or expenses.



Sector Diversification As of: 12/31/09

Geographic Diversification As of: 12/31/09

Cohen & Steers Securities, LLC, distributor


Distribution Information - 2009*

Pay Date Record Date Ex-Dividend Date Amount/Share
12/17/2009 12/16/2009 12/17/2009 Class A $0.036
Class C $0.019
Class I $0.046
9/30/2009 9/29/2009 9/30/2009 Class A $0.027
Class C $0.011
Class I $0.036
6/30/2009 6/29/2009 6/30/2009 Class A $0.045
Class C $0.030
Class I $0.052
3/31/2009 3/30/2009 3/31/2009 Class A $0.036
Class C $0.021
Class I $0.043



Cohen & Steers Securities, LLC, distributor