An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes.
Midstream Energy: Alerian Midstream Energy Index, a capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities.
REITs: The Nareit Equity REIT Index contains all tax-qualified REITs except timber and infrastructure REITs with more than 50% of total assets in qualifying real estate assets other than mortgages secured by real property that also meet minimum size and liquidity criteria.
Utilities: The S&P 1500 Utilities Index, an unmanaged market-capitalization-weighted index of 60 companies for which the primary business involves the generation, transmission and/or distribution of electricity and/or natural gas.
High Yield Bonds: The ICE BofAML U.S. High-Yield Index, tracks the performance of U.S. dollar-denominated below-investment-grade corporate debt publicly issued in the U.S. domestic market.
The MSCI World Index – Net, a free-float-adjusted index that measures performance of large- and mid-capitalization companies representing developed market countries and is net of dividend withholding taxes.
The S&P 500 Index, an unmanaged index of 500 large-capitalization stocks that is frequently used as a general measure of U.S. stock market performance.
Data quoted represents past performance, which is no guarantee of future results. The views and opinions in the preceding commentary are for informational purposes and reflect prevailing conditions and our judgment as of this date, which are subject to change without notice. This presentation is provided to qualified institutional and professional investors or their advisors only, for informational purposes only. There is no guarantee that any market forecast made in this commentary will be realized. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice, is not intended to predict or depict performance of any investment and does not constitute a recommendation or an offer for a particular security. We consider the information in this presentation to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of suitability for investment. No representation or warranty is made as to the efficacy of any particular or proposed strategy or the actual results that may be achieved.
Prospective investors in any Cohen & Steers strategy should read materials with respect to the strategy for additional information, including important risk considerations. Please consult with your investment, tax or legal adviser regarding your individual circumstances before investing.
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