Infrastructure Fund
The primary investment objective of the Fund is total return, with an emphasis on income through investment in securities issued by infrastructure companies.
Favorable secular trends in a growing asset class
Broad-based portfolio diversification
Potentially higher total return and lower volatility than global equities
Symbol: UTF
Managed Assets
$3.18 B
Leverage ratio
29.89%
Monthly Distribution Per Share
$0.155
Distribution Rate
7.63%
No. of Holdings
235
Managed Assets Expense Ratio
1.59%
Common assets expense ratio
2.19%
Inception Date
3/28/04
(At 10/31/22)
Top Holdings
September 30, 2022
| Name | Sectors | % of Market Value |
|---|---|---|
| NextEra Energy Inc. | Electric | 6% |
| Enbridge Inc. | Midstream- C Corp | 5% |
| American Tower Corporation | Tower | 4.4% |
| Transurban Group | Toll Roads | 4.2% |
| Duke Energy Corporation | Electric | 2.5% |
| Norfolk Southern Corporation | Freight Rails | 2.5% |
| Canadian National Railway | Freight Rails | 2.4% |
| The Southern Company | Electric | 2.3% |
| Alliant Energy Corporation | Electric | 2.2% |
| Firstenergy Corp. | Electric | 2.2% |
The mention of specific investments is not a recommendation or solicitation to buy, sell or hold any particular security, swap or futures investment. Holdings are subject to change without notice. The Fund may also hold positions in other types of securities issued by the companies listed above.
PORTFOLIO MANAGERS
Elaine Zaharis-Nikas, CFA
Senior Portfolio Manager, Fixed Income and Preferred Securities
26 years of experience
LITERATURE
Total Returns (Single Share Class)
Calculated monthly
As of November 30, 2022
| Period | UTF Mkt Price | UTF NAV | Linked UTF Index NET (80% FTSE/20% ICE) | S&P 500 Index |
|---|---|---|---|---|
| YTD | -6.32% | -4.16% | -4.70% | -13.10% |
| 1 Year | -3.65% | 3.70% | 1.23% | -9.21% |
| 3 Year | 5.61% | 6.22% | 2.91% | 10.90% |
| 5 Year | 9.57% | 7.44% | 4.30% | 10.98% |
| 10 Year | 11.73% | 10.62% | 7.11% | 13.34% |
| Since Inception (3/30/04) | 9.58% | 9.94% | 6.74% | 9.29% |
YTD
UTF Mkt Price
-6.32%UTF NAV
-4.16%Linked UTF Index NET (80% FTSE/20% ICE)
-4.70%S&P 500 Index
-13.10%1 Year
UTF Mkt Price
-3.65%UTF NAV
3.70%Linked UTF Index NET (80% FTSE/20% ICE)
1.23%S&P 500 Index
-9.21%3 Year
UTF Mkt Price
5.61%UTF NAV
6.22%Linked UTF Index NET (80% FTSE/20% ICE)
2.91%S&P 500 Index
10.90%5 Year
UTF Mkt Price
9.57%UTF NAV
7.44%Linked UTF Index NET (80% FTSE/20% ICE)
4.30%S&P 500 Index
10.98%10 Year
UTF Mkt Price
11.73%UTF NAV
10.62%Linked UTF Index NET (80% FTSE/20% ICE)
7.11%S&P 500 Index
13.34%Since Inception (3/30/04)
UTF Mkt Price
9.58%UTF NAV
9.94%Linked UTF Index NET (80% FTSE/20% ICE)
6.74%S&P 500 Index
9.29%Total Returns (Single Share Class)
Calculated quarterly
As of September 30, 2022
| Period | UTF Mkt Price | UTF NAV | Linked UTF Index NET (80% FTSE/20% ICE) | S&P 500 Index |
|---|---|---|---|---|
| YTD | -14.02% | -16.04% | -13.02% | -23.87% |
| QTD | -6.47% | -10.25% | -7.40% | -4.88% |
| 1 Year | -8.04% | -7.44% | -7.78% | -15.47% |
| 3 Year | 2.11% | 1.03% | -0.29% | 8.16% |
| 5 Year | 8.35% | 5.62% | 2.93% | 9.24% |
| 10 Year | 10.71% | 9.39% | 6.16% | 11.70% |
| Since Inception (3/30/04) | 9.16% | 9.25% | 6.28% | 8.60% |
YTD
UTF Mkt Price
-14.02%UTF NAV
-16.04%Linked UTF Index NET (80% FTSE/20% ICE)
-13.02%S&P 500 Index
-23.87%QTD
UTF Mkt Price
-6.47%UTF NAV
-10.25%Linked UTF Index NET (80% FTSE/20% ICE)
-7.40%S&P 500 Index
-4.88%1 Year
UTF Mkt Price
-8.04%UTF NAV
-7.44%Linked UTF Index NET (80% FTSE/20% ICE)
-7.78%S&P 500 Index
-15.47%3 Year
UTF Mkt Price
2.11%UTF NAV
1.03%Linked UTF Index NET (80% FTSE/20% ICE)
-0.29%S&P 500 Index
8.16%5 Year
UTF Mkt Price
8.35%UTF NAV
5.62%Linked UTF Index NET (80% FTSE/20% ICE)
2.93%S&P 500 Index
9.24%10 Year
UTF Mkt Price
10.71%UTF NAV
9.39%Linked UTF Index NET (80% FTSE/20% ICE)
6.16%S&P 500 Index
11.70%Since Inception (3/30/04)
UTF Mkt Price
9.16%UTF NAV
9.25%Linked UTF Index NET (80% FTSE/20% ICE)
6.28%S&P 500 Index
8.60%Common assets expense ratio: 2.19%
Performance data quoted represents past performance. Past performance is no guarantee of future results. The rate of return will vary and the principal value of an investment will fluctuate and shares, if sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Periods greater than 12 months are annualized. Returns are historical and include change in share price and reinvestment of all distributions.
An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. Index comparisons have limitations as volatility and other characteristics may differ from a particular investment. Performance results reflect the effects of leverage, which can positively impact performance in an up market and negatively impact performance in a down market. For index definitions, please visit www.cohenandsteers.com/indexdefinitions.
View: Sector Diversification Geographic Diversification
Sector Diversification
As of September 30, 2022
| Sector | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Electric | 30.1% | 32.5% | -2.4% |
| Corporate Bonds | 12.57% | 9.45% | +3.12% |
| Midstream- C Corp | 11.14% | 8.62% | +2.52% |
| Tower | 7.96% | 6.56% | +1.4% |
| Toll Roads | 7.05% | 7.84% | -0.79% |
| Gas Distribution | 6.77% | 4.82% | +1.95% |
| Freight Rails | 4.89% | 5.8% | -0.91% |
| Airports | 4.47% | 6.53% | -2.06% |
| Preferreds | 3.1% | 10.55% | -7.45% |
| Midstream- MLP | 2.85% | - | +2.85% |
| Derivatives | 2.51% | - | +2.51% |
| Passenger Rails | 2.32% | 0.91% | +1.41% |
| Water | 1.94% | 2.26% | -0.32% |
| Diversified | 1.24% | 0.87% | +0.37% |
| Environmental Services | 1.1% | - | +1.1% |
| Satellites | 0.51% | 0.31% | +0.2% |
| Marine Ports | 0.28% | 2.63% | -2.35% |
| Data Centers | 0.07% | - | +0.07% |
Electric
% of Fund
30.1%% of Benchmark
32.5%% Underweight/Overweight
-2.4%Corporate Bonds
% of Fund
12.57%% of Benchmark
9.45%% Underweight/Overweight
+3.12%Midstream- C Corp
% of Fund
11.14%% of Benchmark
8.62%% Underweight/Overweight
+2.52%Tower
% of Fund
7.96%% of Benchmark
6.56%% Underweight/Overweight
+1.4%Toll Roads
% of Fund
7.05%% of Benchmark
7.84%% Underweight/Overweight
-0.79%Gas Distribution
% of Fund
6.77%% of Benchmark
4.82%% Underweight/Overweight
+1.95%Freight Rails
% of Fund
4.89%% of Benchmark
5.8%% Underweight/Overweight
-0.91%Airports
% of Fund
4.47%% of Benchmark
6.53%% Underweight/Overweight
-2.06%Preferreds
% of Fund
3.1%% of Benchmark
10.55%% Underweight/Overweight
-7.45%Midstream- MLP
% of Fund
2.85%% of Benchmark
0%% Underweight/Overweight
+2.85%Derivatives
% of Fund
2.51%% of Benchmark
0%% Underweight/Overweight
+2.51%Passenger Rails
% of Fund
2.32%% of Benchmark
0.91%% Underweight/Overweight
+1.41%Water
% of Fund
1.94%% of Benchmark
2.26%% Underweight/Overweight
-0.32%Diversified
% of Fund
1.24%% of Benchmark
0.87%% Underweight/Overweight
+0.37%Environmental Services
% of Fund
1.1%% of Benchmark
0%% Underweight/Overweight
+1.1%Satellites
% of Fund
0.51%% of Benchmark
0.31%% Underweight/Overweight
+0.2%Marine Ports
% of Fund
0.28%% of Benchmark
2.63%% Underweight/Overweight
-2.35%Data Centers
% of Fund
0.07%% of Benchmark
0%% Underweight/Overweight
+0.07%Geographic Diversification
As of September 30, 2022
| Sector | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| United States | 58.59% | 62.45% | -3.86% |
| Canada | 13.38% | 7.27% | 6.11% |
| Australia | 5.77% | 4.95% | 0.82% |
| United Kingdom | 3.78% | 2.03% | 1.75% |
| North America | 2.62% | - | 2.62% |
| Japan | 2.54% | 1.98% | 0.56% |
| Spain | 2.24% | 2.12% | 0.12% |
| France | 1.89% | 0.65% | 1.24% |
| China | 1.77% | 2.64% | -0.87% |
| Italy | 1.66% | 2.55% | -0.89% |
| Hong Kong | 1.21% | 1.19% | 0.02% |
| Thailand | 1.21% | 1.72% | -0.51% |
| Mexico | 1.2% | 1.78% | -0.58% |
| Switzerland | 0.9% | 0.43% | 0.47% |
| New Zealand | 0.86% | 0.81% | 0.05% |
| Luxembourg | 0.51% | 0.06% | 0.45% |
| Netherlands | 0.43% | 0.12% | 0.31% |
| India | 0.28% | 2.84% | -2.56% |
| Finland | 0.04% | - | 0.04% |
| Bermuda | 0.01% | 0.11% | -0.1% |
United States
% of Fund
58.59%% of Benchmark
62.45%% Underweight/Overweight
-3.86%Canada
% of Fund
13.38%% of Benchmark
7.27%% Underweight/Overweight
6.11%Australia
% of Fund
5.77%% of Benchmark
4.95%% Underweight/Overweight
0.82%United Kingdom
% of Fund
3.78%% of Benchmark
2.03%% Underweight/Overweight
1.75%North America
% of Fund
2.62%% of Benchmark
0%% Underweight/Overweight
2.62%Japan
% of Fund
2.54%% of Benchmark
1.98%% Underweight/Overweight
0.56%Spain
% of Fund
2.24%% of Benchmark
2.12%% Underweight/Overweight
0.12%France
% of Fund
1.89%% of Benchmark
0.65%% Underweight/Overweight
1.24%China
% of Fund
1.77%% of Benchmark
2.64%% Underweight/Overweight
-0.87%Italy
% of Fund
1.66%% of Benchmark
2.55%% Underweight/Overweight
-0.89%Hong Kong
% of Fund
1.21%% of Benchmark
1.19%% Underweight/Overweight
0.02%Thailand
% of Fund
1.21%% of Benchmark
1.72%% Underweight/Overweight
-0.51%Mexico
% of Fund
1.2%% of Benchmark
1.78%% Underweight/Overweight
-0.58%Switzerland
% of Fund
0.9%% of Benchmark
0.43%% Underweight/Overweight
0.47%New Zealand
% of Fund
0.86%% of Benchmark
0.81%% Underweight/Overweight
0.05%Luxembourg
% of Fund
0.51%% of Benchmark
0.06%% Underweight/Overweight
0.45%Netherlands
% of Fund
0.43%% of Benchmark
0.12%% Underweight/Overweight
0.31%India
% of Fund
0.28%% of Benchmark
2.84%% Underweight/Overweight
-2.56%Finland
% of Fund
0.04%% of Benchmark
0%% Underweight/Overweight
0.04%Bermuda
% of Fund
0.01%% of Benchmark
0.11%% Underweight/Overweight
-0.1%Portfolio weights are subject to change without notice. Due to rounding, values might not add up to 100%. The mention of specific securities is not a recommendation or solicitation to buy, sell or hold any particular security.
Distribution Information
This fund intends to make monthly distributions.
| Pay Date | Record Date | Ex-Dividend Date | Type | Amount/Share |
|---|---|---|---|---|
| 10/31/22 | 10/12/22 | 10/11/22 | Regular | $0.155 |
| 9/30/22 | 9/14/22 | 9/13/22 | Regular | $0.155 |
| 8/31/22 | 8/17/22 | 8/16/22 | Regular | $0.155 |
| 7/29/22 | 7/13/22 | 7/12/22 | Regular | $0.155 |
| 6/30/22 | 6/15/22 | 6/14/22 | Regular | $0.155 |
| 5/31/22 | 5/11/22 | 5/10/22 | Regular | $0.155 |
| 4/29/22 | 4/13/22 | 4/12/22 | Regular | $0.155 |
| 3/31/22 | 3/16/22 | 3/15/22 | Regular | $0.155 |
| 2/28/22 | 2/16/22 | 2/15/22 | Regular | $0.155 |
| 1/31/22 | 1/12/22 | 1/11/22 | Regular | $0.155 |
| 12/31/21 | 12/15/21 | 12/14/21 | Regular | $0.155 |
| 11/30/21 | 11/17/21 | 11/16/21 | Regular | $0.155 |
| 10/29/21 | 10/13/21 | 10/12/21 | Regular | $0.155 |
| 9/30/21 | 9/15/21 | 9/14/21 | Regular | $0.155 |
| 8/31/21 | 8/18/21 | 8/17/21 | Regular | $0.155 |
| 7/30/21 | 7/14/21 | 7/13/21 | Regular | $0.155 |
| 6/30/21 | 6/14/21 | 6/15/21 | Regular | $0.155 |
| 5/28/21 | 5/12/21 | 5/11/21 | Regular | $0.155 |
| 4/30/21 | 4/14/21 | 4/13/21 | Regular | $0.155 |
| 3/31/21 | 3/17/21 | 3/16/21 | Regular | $0.155 |
| 12/31/20 | 12/16/20 | 12/15/20 | Regular | $0.155 |
| 11/30/20 | 11/18/20 | 11/17/20 | Regular | $0.155 |
| 10/30/20 | 10/14/20 | 10/13/20 | Regular | $0.155 |
| 9/30/20 | 9/16/20 | 9/15/20 | Regular | $0.155 |
| 8/31/20 | 8/19/20 | 8/18/20 | Regular | $0.155 |
| 7/31/20 | 7/15/20 | 7/14/20 | Regular | $0.155 |
| 6/30/20 | 6/17/20 | 6/16/20 | Regular | $0.155 |
| 5/29/20 | 5/13/20 | 5/12/20 | Regular | $0.155 |
| 4/30/20 | 4/15/20 | 4/14/20 | Regular | $0.155 |
| 3/31/20 | 3/18/20 | 3/17/20 | Regular | $0.155 |
| 2/28/20 | 2/12/20 | 2/11/20 | Regular | $0.155 |
| 1/31/20 | 1/15/20 | 1/14/20 | Regular | $0.155 |
| 12/12/19 | 12/4/19 | 12/3/19 | Regular | $0.155 |
| 11/29/19 | 11/13/19 | 11/12/19 | Regular | $0.155 |
| 10/31/19 | 10/16/19 | 10/15/19 | Regular | $0.155 |
| 9/30/19 | 9/18/19 | 9/17/19 | Regular | $0.155 |
| 8/30/19 | 8/21/19 | 8/20/19 | Regular | $0.155 |
| 7/31/19 | 7/17/19 | 7/16/19 | Regular | $0.155 |
| 6/28/19 | 6/19/19 | 6/18/19 | Regular | $0.155 |
| 5/31/19 | 5/15/19 | 5/14/19 | Regular | $0.155 |
| 4/30/19 | 4/17/19 | 4/16/19 | Regular | $0.155 |
| 3/29/19 | 3/20/19 | 3/19/19 | Regular | $0.155 |
| 2/28/19 | 2/13/19 | 2/12/19 | Regular | $0.155 |
| 1/31/19 | 1/16/19 | 1/15/19 | Regular | $0.155 |
| 1/4/19 | 12/28/18 | 12/27/18 | Special | $0.14 |
| 12/31/18 | 12/19/18 | 12/18/18 | Regular | $0.155 |
| 11/30/18 | 11/14/18 | 11/13/18 | Regular | $0.155 |
| 10/31/18 | 10/17/18 | 10/16/18 | Regular | $0.155 |
| 9/28/18 | 9/19/18 | 9/18/18 | Regular | $0.155 |
| 8/31/18 | 8/22/18 | 8/21/18 | Regular | $0.155 |
| 7/31/18 | 7/18/18 | 7/17/18 | Regular | $0.155 |
| 6/29/18 | 6/20/18 | 6/19/18 | Regular | $0.155 |
| 5/31/18 | 5/16/18 | 5/15/18 | Regular | $0.155 |
| 4/30/18 | 4/18/18 | 4/17/18 | Regular | $0.155 |
| 3/29/18 | 3/21/18 | 3/20/18 | Regular | $0.155 |
| 2/28/18 | 2/14/18 | 2/13/18 | Regular | $0.155 |
| 1/31/18 | 1/17/18 | 1/16/18 | Regular | $0.155 |
| 1/10/18 | 12/29/17 | 12/28/17 | Regular | $0.16 |
| 12/29/17 | 12/20/17 | 12/19/17 | Regular | $0.134 |
| 11/30/17 | 11/15/17 | 11/14/17 | Regular | $0.134 |
| 10/31/17 | 10/18/17 | 10/17/17 | Regular | $0.134 |
| 9/29/17 | 9/20/17 | 9/19/17 | Regular | $0.134 |
| 8/31/17 | 8/17/17 | 8/15/17 | Regular | $0.134 |
| 7/31/17 | 7/20/17 | 7/18/17 | Regular | $0.134 |
| 6/30/17 | 6/22/17 | 6/20/17 | Regular | $0.134 |
| 5/31/17 | 5/18/17 | 5/16/17 | Regular | $0.134 |
| 4/28/17 | 4/20/17 | 4/18/17 | Regular | $0.134 |
| 3/31/17 | 3/23/17 | 3/21/17 | Regular | $0.134 |
| 2/28/17 | 2/16/17 | 2/14/17 | Regular | $0.134 |
| 1/31/17 | 1/19/17 | 1/17/17 | Regular | $0.134 |
| 1/17/17 | 12/30/16 | 12/28/16 | Regular | $0.432 |
| 12/30/16 | 12/13/16 | 12/9/16 | Regular | $0.134 |
| 11/30/16 | 11/20/16 | 11/18/16 | Regular | $0.134 |
| 10/31/16 | 10/20/16 | 10/18/16 | Regular | $0.134 |
| 9/30/16 | 9/22/16 | 9/20/16 | Regular | $0.4 |
| 6/30/16 | 6/22/16 | 6/20/16 | Regular | $0.4 |
| Pay Date | Record Date | Ex-Dividend Date |
|---|---|---|
| 10/31/22 | 10/12/22 | 10/11/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 9/30/22 | 9/14/22 | 9/13/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 8/31/22 | 8/17/22 | 8/16/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 7/29/22 | 7/13/22 | 7/12/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 6/30/22 | 6/15/22 | 6/14/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 5/31/22 | 5/11/22 | 5/10/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 4/29/22 | 4/13/22 | 4/12/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 3/31/22 | 3/16/22 | 3/15/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 2/28/22 | 2/16/22 | 2/15/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 1/31/22 | 1/12/22 | 1/11/22 |
|
Type Regular |
Amount/Share 0.155 |
|
| 12/31/21 | 12/15/21 | 12/14/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 11/30/21 | 11/17/21 | 11/16/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 10/29/21 | 10/13/21 | 10/12/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 9/30/21 | 9/15/21 | 9/14/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 8/31/21 | 8/18/21 | 8/17/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 7/30/21 | 7/14/21 | 7/13/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 6/30/21 | 6/14/21 | 6/15/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 5/28/21 | 5/12/21 | 5/11/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 4/30/21 | 4/14/21 | 4/13/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 3/31/21 | 3/17/21 | 3/16/21 |
|
Type Regular |
Amount/Share 0.155 |
|
| 12/31/20 | 12/16/20 | 12/15/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 11/30/20 | 11/18/20 | 11/17/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 10/30/20 | 10/14/20 | 10/13/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 9/30/20 | 9/16/20 | 9/15/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 8/31/20 | 8/19/20 | 8/18/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 7/31/20 | 7/15/20 | 7/14/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 6/30/20 | 6/17/20 | 6/16/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 5/29/20 | 5/13/20 | 5/12/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 4/30/20 | 4/15/20 | 4/14/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 3/31/20 | 3/18/20 | 3/17/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 2/28/20 | 2/12/20 | 2/11/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 1/31/20 | 1/15/20 | 1/14/20 |
|
Type Regular |
Amount/Share 0.155 |
|
| 12/12/19 | 12/4/19 | 12/3/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 11/29/19 | 11/13/19 | 11/12/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 10/31/19 | 10/16/19 | 10/15/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 9/30/19 | 9/18/19 | 9/17/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 8/30/19 | 8/21/19 | 8/20/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 7/31/19 | 7/17/19 | 7/16/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 6/28/19 | 6/19/19 | 6/18/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 5/31/19 | 5/15/19 | 5/14/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 4/30/19 | 4/17/19 | 4/16/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 3/29/19 | 3/20/19 | 3/19/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 2/28/19 | 2/13/19 | 2/12/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 1/31/19 | 1/16/19 | 1/15/19 |
|
Type Regular |
Amount/Share 0.155 |
|
| 1/4/19 | 12/28/18 | 12/27/18 |
|
Type Special |
Amount/Share 0.14 |
|
| 12/31/18 | 12/19/18 | 12/18/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 11/30/18 | 11/14/18 | 11/13/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 10/31/18 | 10/17/18 | 10/16/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 9/28/18 | 9/19/18 | 9/18/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 8/31/18 | 8/22/18 | 8/21/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 7/31/18 | 7/18/18 | 7/17/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 6/29/18 | 6/20/18 | 6/19/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 5/31/18 | 5/16/18 | 5/15/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 4/30/18 | 4/18/18 | 4/17/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 3/29/18 | 3/21/18 | 3/20/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 2/28/18 | 2/14/18 | 2/13/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 1/31/18 | 1/17/18 | 1/16/18 |
|
Type Regular |
Amount/Share 0.155 |
|
| 1/10/18 | 12/29/17 | 12/28/17 |
|
Type Regular |
Amount/Share 0.16 |
|
| 12/29/17 | 12/20/17 | 12/19/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 11/30/17 | 11/15/17 | 11/14/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 10/31/17 | 10/18/17 | 10/17/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 9/29/17 | 9/20/17 | 9/19/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 8/31/17 | 8/17/17 | 8/15/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 7/31/17 | 7/20/17 | 7/18/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 6/30/17 | 6/22/17 | 6/20/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 5/31/17 | 5/18/17 | 5/16/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 4/28/17 | 4/20/17 | 4/18/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 3/31/17 | 3/23/17 | 3/21/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 2/28/17 | 2/16/17 | 2/14/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 1/31/17 | 1/19/17 | 1/17/17 |
|
Type Regular |
Amount/Share 0.134 |
|
| 1/17/17 | 12/30/16 | 12/28/16 |
|
Type Regular |
Amount/Share 0.432 |
|
| 12/30/16 | 12/13/16 | 12/9/16 |
|
Type Regular |
Amount/Share 0.134 |
|
| 11/30/16 | 11/20/16 | 11/18/16 |
|
Type Regular |
Amount/Share 0.134 |
|
| 10/31/16 | 10/20/16 | 10/18/16 |
|
Type Regular |
Amount/Share 0.134 |
|
| 9/30/16 | 9/22/16 | 9/20/16 |
|
Type Regular |
Amount/Share 0.4 |
|
| 6/30/16 | 6/22/16 | 6/20/16 |
|
Type Regular |
Amount/Share 0.4 |
Estimated Sources of Distribution
| Pay Date | Class | Per Share Distribution | Net Investment Income | Return Of Capital | Long Term Gain | Short Term Gain |
|---|---|---|---|---|---|---|
| 10/31/22 | Single | $0.155 | $0.0002 | $0 | $0.1548 | $0 |
| 9/30/22 | Single | $0.155 | $0.0436 | $0 | $0.1114 | $0 |
| 8/31/22 | Single | $0.155 | $0.0551 | $0 | $0.0999 | $0 |
| 7/29/22 | Single | $0.155 | $0.021 | $0 | $0.134 | $0 |
| 6/30/22 | Single | $0.155 | $0.0924 | $0 | $0.0626 | $0 |
| 5/31/22 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 4/29/22 | Single | $0.155 | $0.0194 | $0 | $0 | $0.1356 |
| 3/31/22 | Single | $0.155 | $0 | $0 | $0.0797 | $0.0753 |
| 2/28/22 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 1/31/22 | Single | $0.155 | $0 | $0 | $0 | $0.155 |
| 12/31/21 | Single | $0.155 | $0.1023 | $0 | $0.0191 | $0.0336 |
| 11/30/21 | Single | $0.155 | $0.1048 | $0 | $0.0047 | $0.0455 |
| 10/29/21 | Single | $0.155 | $0.0245 | $0 | $0.1305 | $0 |
| 9/30/21 | Single | $0.155 | $0.0717 | $0 | $0.0833 | $0 |
| 8/31/21 | Single | $0.155 | $0.0696 | $0 | $0.0854 | $0 |
| 7/30/21 | Single | $0.155 | $0.0992 | $0 | $0.0558 | $0 |
| 6/30/21 | Single | $0.155 | $0.1005 | $0 | $0.0545 | $0 |
| 5/28/21 | Single | $0.155 | $0.0656 | $0 | $0.0894 | $0 |
| 4/30/21 | Single | $0.155 | $0.0058 | $0 | $0 | $0.1492 |
| 3/31/21 | Single | $0.155 | $0.0579 | $0.0574 | $0 | $0.0397 |
| 12/31/20 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 11/30/20 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 10/30/20 | Single | $0.155 | $0.1497 | $0 | $0.0053 | $0 |
| 9/30/20 | Single | $0.155 | $0.1416 | $0.0134 | $0 | $0 |
| 8/31/20 | Single | $0.155 | $0.1209 | $0.0341 | $0 | $0 |
| 7/31/20 | Single | $0.155 | $0.1406 | $0.0144 | $0 | $0 |
| 6/30/20 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 5/29/20 | Single | $0.155 | $0.1229 | $0 | $0.0321 | $0 |
| 4/30/20 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 3/31/20 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 2/28/20 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 1/31/20 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 12/12/19 | Single | $0.155 | $0.0808 | $0 | $0.0742 | $0 |
| 11/29/19 | Single | $0.155 | $0.0452 | $0 | $0.1098 | $0 |
| 10/31/19 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 9/30/19 | Single | $0.155 | $0.1481 | $0 | $0.0069 | $0 |
| 8/30/19 | Single | $0.155 | $0.1352 | $0 | $0.0198 | $0 |
| 7/31/19 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 6/28/19 | Single | $0.155 | $0.1474 | $0 | $0.0076 | $0 |
| 5/31/19 | Single | $0.155 | $0.0712 | $0 | $0.0838 | $0 |
| 4/30/19 | Single | $0.155 | $0.069 | $0 | $0.0835 | $0.0025 |
| 3/29/19 | Single | $0.155 | $0.0636 | $0 | $0.0914 | $0 |
| 2/28/19 | Single | $0.155 | $0.0874 | $0.0043 | $0.0633 | $0 |
| 1/31/19 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 1/4/19 | Single | $0.14 | $0 | $0 | $0.14 | $0 |
| 12/31/18 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 11/30/18 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 10/31/18 | Single | $0.155 | $0.155 | $0 | $0 | $0 |
| 9/28/18 | Single | $0.155 | $0.067 | $0 | $0.088 | $0 |
| 8/31/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 7/31/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 6/29/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 5/31/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 4/30/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 3/29/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 2/28/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 1/31/18 | Single | $0.155 | $0 | $0 | $0.155 | $0 |
| 1/10/18 | Single | $0.16 | $0 | $0 | $0.16 | $0 |
| 12/29/17 | Single | $0.134 | $0.0843 | $0 | $0.0497 | $0 |
| 11/30/17 | Single | $0.134 | $0.0974 | $0 | $0.0366 | $0 |
| 10/31/17 | Single | $0.134 | $0.0502 | $0 | $0.0838 | $0 |
| 9/29/17 | Single | $0.134 | $0.1237 | $0 | $0.0103 | $0 |
| 8/31/17 | Single | $0.134 | $0.0538 | $0 | $0.0802 | $0 |
| 7/31/17 | Single | $0.134 | $0.134 | $0 | $0 | $0 |
| 6/30/17 | Single | $0.134 | $0.134 | $0 | $0 | $0 |
| 5/31/17 | Single | $0.134 | $0.1202 | $0 | $0.0138 | $0 |
| 4/28/17 | Single | $0.134 | $0 | $0 | $0.134 | $0 |
| 3/31/17 | Single | $0.134 | $0 | $0 | $0.134 | $0 |
| 2/28/17 | Single | $0.134 | $0 | $0 | $0.134 | $0 |
| 1/31/17 | Single | $0.134 | $0 | $0 | $0.134 | $0 |
| 1/17/17 | Single | $0.432 | $0 | $0 | $0.432 | $0 |
| 12/30/16 | Single | $0.134 | $0.0867 | $0 | $0.0473 | $0 |
| 11/30/16 | Single | $0.134 | $0.0487 | $0 | $0.0853 | $0 |
| 10/31/16 | Single | $0.134 | $0.0158 | $0 | $0.1182 | $0 |
| 9/30/16 | Single | $0.4 | $0.1865 | $0 | $0.2135 | $0 |
| 6/30/16 | Single | $0.4 | $0.3034 | $0 | $0.0966 | $0 |
Pay Date
10/31/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.0002Return Of Capital
0Long Term Gain
0.1548Short Term Gain
0Pay Date
9/30/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.0436Return Of Capital
0Long Term Gain
0.1114Short Term Gain
0Pay Date
8/31/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.0551Return Of Capital
0Long Term Gain
0.0999Short Term Gain
0Pay Date
7/29/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.021Return Of Capital
0Long Term Gain
0.134Short Term Gain
0Pay Date
6/30/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.0924Return Of Capital
0Long Term Gain
0.0626Short Term Gain
0Pay Date
5/31/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
4/29/22Class
SinglePer Share Distribution
0.155Net Investment Income
0.0194Return Of Capital
0Long Term Gain
0Short Term Gain
0.1356Pay Date
3/31/22Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.0797Short Term Gain
0.0753Pay Date
2/28/22Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
1/31/22Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0Short Term Gain
0.155Pay Date
12/31/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.1023Return Of Capital
0Long Term Gain
0.0191Short Term Gain
0.0336Pay Date
11/30/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.1048Return Of Capital
0Long Term Gain
0.0047Short Term Gain
0.0455Pay Date
10/29/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0245Return Of Capital
0Long Term Gain
0.1305Short Term Gain
0Pay Date
9/30/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0717Return Of Capital
0Long Term Gain
0.0833Short Term Gain
0Pay Date
8/31/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0696Return Of Capital
0Long Term Gain
0.0854Short Term Gain
0Pay Date
7/30/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0992Return Of Capital
0Long Term Gain
0.0558Short Term Gain
0Pay Date
6/30/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.1005Return Of Capital
0Long Term Gain
0.0545Short Term Gain
0Pay Date
5/28/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0656Return Of Capital
0Long Term Gain
0.0894Short Term Gain
0Pay Date
4/30/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0058Return Of Capital
0Long Term Gain
0Short Term Gain
0.1492Pay Date
3/31/21Class
SinglePer Share Distribution
0.155Net Investment Income
0.0579Return Of Capital
0.0574Long Term Gain
0Short Term Gain
0.0397Pay Date
12/31/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
11/30/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
10/30/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.1497Return Of Capital
0Long Term Gain
0.0053Short Term Gain
0Pay Date
9/30/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.1416Return Of Capital
0.0134Long Term Gain
0Short Term Gain
0Pay Date
8/31/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.1209Return Of Capital
0.0341Long Term Gain
0Short Term Gain
0Pay Date
7/31/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.1406Return Of Capital
0.0144Long Term Gain
0Short Term Gain
0Pay Date
6/30/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
5/29/20Class
SinglePer Share Distribution
0.155Net Investment Income
0.1229Return Of Capital
0Long Term Gain
0.0321Short Term Gain
0Pay Date
4/30/20Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
3/31/20Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
2/28/20Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
1/31/20Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
12/12/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.0808Return Of Capital
0Long Term Gain
0.0742Short Term Gain
0Pay Date
11/29/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.0452Return Of Capital
0Long Term Gain
0.1098Short Term Gain
0Pay Date
10/31/19Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
9/30/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.1481Return Of Capital
0Long Term Gain
0.0069Short Term Gain
0Pay Date
8/30/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.1352Return Of Capital
0Long Term Gain
0.0198Short Term Gain
0Pay Date
7/31/19Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
6/28/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.1474Return Of Capital
0Long Term Gain
0.0076Short Term Gain
0Pay Date
5/31/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.0712Return Of Capital
0Long Term Gain
0.0838Short Term Gain
0Pay Date
4/30/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.069Return Of Capital
0Long Term Gain
0.0835Short Term Gain
0.0025Pay Date
3/29/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.0636Return Of Capital
0Long Term Gain
0.0914Short Term Gain
0Pay Date
2/28/19Class
SinglePer Share Distribution
0.155Net Investment Income
0.0874Return Of Capital
0.0043Long Term Gain
0.0633Short Term Gain
0Pay Date
1/31/19Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
1/4/19Class
SinglePer Share Distribution
0.14Net Investment Income
0Return Of Capital
0Long Term Gain
0.14Short Term Gain
0Pay Date
12/31/18Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
11/30/18Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
10/31/18Class
SinglePer Share Distribution
0.155Net Investment Income
0.155Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
9/28/18Class
SinglePer Share Distribution
0.155Net Investment Income
0.067Return Of Capital
0Long Term Gain
0.088Short Term Gain
0Pay Date
8/31/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
7/31/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
6/29/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
5/31/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
4/30/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
3/29/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
2/28/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
1/31/18Class
SinglePer Share Distribution
0.155Net Investment Income
0Return Of Capital
0Long Term Gain
0.155Short Term Gain
0Pay Date
1/10/18Class
SinglePer Share Distribution
0.16Net Investment Income
0Return Of Capital
0Long Term Gain
0.16Short Term Gain
0Pay Date
12/29/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.0843Return Of Capital
0Long Term Gain
0.0497Short Term Gain
0Pay Date
11/30/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.0974Return Of Capital
0Long Term Gain
0.0366Short Term Gain
0Pay Date
10/31/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.0502Return Of Capital
0Long Term Gain
0.0838Short Term Gain
0Pay Date
9/29/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.1237Return Of Capital
0Long Term Gain
0.0103Short Term Gain
0Pay Date
8/31/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.0538Return Of Capital
0Long Term Gain
0.0802Short Term Gain
0Pay Date
7/31/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.134Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
6/30/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.134Return Of Capital
0Long Term Gain
0Short Term Gain
0Pay Date
5/31/17Class
SinglePer Share Distribution
0.134Net Investment Income
0.1202Return Of Capital
0Long Term Gain
0.0138Short Term Gain
0Pay Date
4/28/17Class
SinglePer Share Distribution
0.134Net Investment Income
0Return Of Capital
0Long Term Gain
0.134Short Term Gain
0Pay Date
3/31/17Class
SinglePer Share Distribution
0.134Net Investment Income
0Return Of Capital
0Long Term Gain
0.134Short Term Gain
0Pay Date
2/28/17Class
SinglePer Share Distribution
0.134Net Investment Income
0Return Of Capital
0Long Term Gain
0.134Short Term Gain
0Pay Date
1/31/17Class
SinglePer Share Distribution
0.134Net Investment Income
0Return Of Capital
0Long Term Gain
0.134Short Term Gain
0Pay Date
1/17/17Class
SinglePer Share Distribution
0.432Net Investment Income
0Return Of Capital
0Long Term Gain
0.432Short Term Gain
0Pay Date
12/30/16Class
SinglePer Share Distribution
0.134Net Investment Income
0.0867Return Of Capital
0Long Term Gain
0.0473Short Term Gain
0Pay Date
11/30/16Class
SinglePer Share Distribution
0.134Net Investment Income
0.0487Return Of Capital
0Long Term Gain
0.0853Short Term Gain
0Pay Date
10/31/16Class
SinglePer Share Distribution
0.134Net Investment Income
0.0158Return Of Capital
0Long Term Gain
0.1182Short Term Gain
0Pay Date
9/30/16Class
SinglePer Share Distribution
0.4Net Investment Income
0.1865Return Of Capital
0Long Term Gain
0.2135Short Term Gain
0Pay Date
6/30/16Class
SinglePer Share Distribution
0.4Net Investment Income
0.3034Return Of Capital
0Long Term Gain
0.0966Short Term Gain
0Estimates Only - Do Not Use for Tax Reporting Purposes
This table provides estimates of the Fund's distribution sources at the time of payment and should not be relied upon or used for tax planning or tax reporting purposes. A return of capital occurs when a portion of the money that you invested is paid back to you and should not be confused with “yield” or “income”.
This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. This policy gives the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.
The source of all distributions paid by the Fund, including net investment income is subject to change. This is because the Fund invests in Master Limited Partnerships (MLPs) and similar companies. Distributions from Master Limited Partnerships (MLPs) are estimated as income and return of capital based on information reported by the MLPs and management’s estimates of such amounts based on historical information. These estimates are adjusted when the actual source of distributions is disclosed by the MLPs and actual amounts may differ from the estimated amounts.
This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. This policy gives the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.
Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund’s shares.
Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.
Risks
Shares of many closed-end funds frequently trade at a discount from their net asset value. The funds are subject to stock market risk, which is the risk that stock prices overall will decline over short or long periods, adversely affecting the value of an investment in a fund.
The use of leverage is speculative and there are special risks and costs associated with leverage. The use of leverage increases the volatility of the Fund’s net asset value in both up and down markets.
Since the Fund concentrates its assets in global infrastructure securities the Fund will be more susceptible to adverse economic or regulatory occurrences affecting global infrastructure companies than an investment company that is not primarily invested in global infrastructure companies. Infrastructure issuers may be subject to regulation by various governmental authorities and may also be affected by governmental regulation of rates charged to customers, operational or other mishaps, tariffs and changes in tax laws, regulatory policies and accounting standards.
Special risks of investing in foreign securities include (i) currency fluctuations, (ii) lower liquidity, (iii) political and economic uncertainties, and (iv) differences in accounting standards. Some international securities may represent small- and medium-sized companies, which may be more susceptible to price volatility and less liquid than larger companies.
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ADDITIONAL INVESTMENT OPPORTUNITIES
RNP
REIT and Preferred and Income FundThe primary investment objective of the Fund is total return, with an emphasis on income through investment in securities issued by infrastructure companies.
Learn more
Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. You can obtain the fund’s most recent periodic reports, when available, and other regulatory filings by contacting your financial professional or visiting the Fund Literature section of this website. These reports and other filings can also be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing.
Investing involves risk, including possible loss of principal. Income from investments is not guaranteed.
Cohen & Steers Capital Management, Inc. (Cohen & Steers) is a registered investment advisory firm that provides investment management services to corporate retirement, public and union retirement plans, endowments, foundations and mutual funds.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
This material should not be relied upon as investment advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict performance of any investment. This material is not being provided in a fiduciary capacity and is not intended to recommend any investment policy or investment strategy or take into account the specific investment objectives or circumstances of any investor. Please consult with your investment, tax and/or legal professional regarding your individual circumstances prior to investing.