The Strategy targets high-quality stocks with sustainable cash flows and growing dividends that are trading at a discount to their long-term earnings multiple. Stocks with these qualities tend to produce superior returns with lower volatility than other diversified equity strategies.
- Invests primarily in U.S. companies with market capitalizations exceeding $10 billion
- May include opportunistic allocations to non-U.S. companies or those with market capitalizations under $10 billion
- Diversified across sectors and industries
- Typically holds 70–90 securities
- Individual company weightings generally will not exceed 3% of the portfolio
Our investment process
We use a bottom-up process to identify stocks that we believe offer the greatest potential for total return through sustainable dividend increases and capital appreciation. The investment team ranks each company based on its business model, market position and management, as well as key industry drivers, to determine its potential for superior dividend growth. Stocks are then filtered based on a consistent valuation framework to find those that are most discounted relative to our target price. Portfolio buy and sell decisions also take into account risk controls and diversification factors.
The nucleus of the portfolio consists of core value holdings that we believe represent long-term value over an investment horizon of approximately three to five years. In addition, roughly one quarter of the portfolio is allocated to opportunistic holdings that we believe offer enhanced return potential over a shorter time frame.
Why invest with us
Our dedicated large-cap value team brings extensive industry knowledge, supported by Cohen & Steers’ long tradition of income-oriented equity investing. Portfolio Manager Richard Helm has managed the strategy at Cohen & Steers since 2005 and has 26 years of experience.
|Richard Helm, CFA||Senior Vice President, Portfolio Manager||Seattle||Bio|
|Christopher Rhine, CFA||Senior Vice President, Portfolio Manager||New York||Bio|
|Anatoliy Cherevach, CFA||Vice President, Portfolio Manager||Seattle|
|David Fossella||Research Analyst||New York|
|Shaun Hockeiser||Research Associate||Seattle|
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The views and opinions in the preceding commentary are subject to change and represents an assessment of the market environment at a specific point in time, should not be relied upon as legal, investment or tax advice and is not intended to predict or depict performance of any investment. We consider the information 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. Investors should consult their own advisors with respect to their individual circumstances. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that a market forecast made in this commentary will be realized.
Please consider the investment objectives, risks, charges and expenses of any U.S. Registered open-end fund carefully before investing. A summary prospectus and 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.
Risks of investing in Large Cap Value securities
The value of common stocks and other equity securities will fluctuate in response to developments concerning the company, political and regulatory circumstances, the stock market and the economy. In the short term, stock prices can fluctuate dramatically in response to these developments. Different parts of the market and different types of equity securities can react differently to these developments. These developments can affect a single company, all companies within the same industry, economic sector or geographic region, or the stock market as a whole. Dividend-paying stocks may be particularly sensitive to changes in market interest rates, and prices may decline as rates rise. 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.
Cohen & Steers open-end funds are distributed by Cohen & Steers Securities, LLC.