- Mutual funds
- Collective investment trusts (CITs)
- Institutional separate accounts
- Stand-alone investment options in the core menu
- Underlying sleeves within custom portfolios, including target-date funds
|Mutual Fund||Collective Investment Trust||Institutional Separate Account|
Real Assets Multi-Strategy
A turn-key solution providing the potential for diversification across a range of real assets, professionally managed to add alpha from both bottom-up security selection and top-down allocations across real asset categories. Seeks to achieve attractive total returns over the long term and to maximize real returns in periods of rising inflation.
|Real Assets Fund||✓||✓|
Provides liquid access to U.S. commercial real estate, diversified across property types. Offers the potential for attractive full-cycle returns, above-average dividend income and low correlations with stocks and bonds.
Global Real Estate Securities
Provides access to the broad global universe of listed real estate, offering the potential for attractive full-cycle returns, above-average dividend income and low correlations with stocks and bonds.
Global Listed Infrastructure
May help reduce portfolio volatility while enhancing risk-adjusted return potential. Invests in long-lived assets that provide essential services, characterized by relatively predictable cash flows that are often linked to inflation.
|Global Infrastructure Fund||✓||✓|
Master Limited Partnerships
Balances the need for current income with distribution growth to maximize total-return potential. Enables investors a way to participate in the substantial need for energy infrastructure investment in North America via midstream assets that typically generate relatively predictable cash flows.
|MLP & Energy Opportunity Fund||✓|
Low-to-negative historical correlations with stocks and bonds make commodities a potentially effective diversifier, while helping investors mitigate the effects of unexpected changes in inflation and hedge against event risk.
|Active Commodities Strategy Fund||✓|
Natural Resource Equities
Invests in companies linked to critical and often depleting commodity-related resources, presenting opportunities for attractive total returns, diversification potential and increased sensitivity to inflation.
Serves as a complement to fixed income allocations, offering potential for above-average income and enhanced total returns derived from capital securities of largely investment-grade issuers. Provides sector diversification due to low sector overlap with other fixed income strategies.
Large Cap Value
Provides diversification with broad equity portfolios, with potential for long-term capital appreciation from stocks of high-quality companies that may be undervalued, characterized by sustainable cash flows and growing dividends.
|Dividend Value Fund||✓|
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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.
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 Real Assets. A real assets strategy is subject to the risk that its asset allocations may not achieve the desired risk-return characteristic, underperform other similar investment strategies or cause an investor to lose money. The risks of investing in REITs are similar to those associated with direct investments in real estate securities. Property values may fall due to increasing vacancies, declining rents resulting from economic, legal, tax, political or technological developments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions An investment in commodity-linked derivative instruments may be subject to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. The use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. Among the risks presented are market risk, credit risk, counterparty risk, leverage risk and liquidity risk. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. The market value of securities of natural resource companies may be affected by numerous factors, including events occurring in nature, inflationary pressures and international politics. Because the strategy invests significantly in natural resource companies, there is the risk that the strategy will perform poorly during a downturn in the natural resource sector. No representation or warranty is made as to the efficacy of any particular strategy or fund or the actual returns that may be achieved.
Futures Trading Is Volatile, Highly Leveraged and May Be Illiquid. Investments in commodity futures contracts and options on commodity futures contracts have a high degree of price variability and are subject to rapid and substantial price changes. Such investments could incur significant losses. There can be no assurance that the options strategy will be successful. The use of options on commodity futures contracts is to enhance risk-adjusted total returns. The use of options, however, may not provide any, or only partial, protection for market declines. The return performance of the commodity futures contracts may not parallel the performance of the commodities or indexes that serve as the basis for the options it buys or sells; this basis risk may reduce overall returns.
Risks of Investing in Real Estate Securities. Risks of investing in real estate securities are similar to those associated with direct investments in real estate, including falling property values due to increasing vacancies or declining rents resulting from economic, legal, political or technological 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.
Risks of Investing in Global Listed Infrastructure. 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. Foreign securities involve special risks, including currency fluctuation and lower liquidity. Some global securities may represent small and medium-sized companies, which may be more susceptible to price volatility than larger companies.
Risks of Investing in Master Limited Partnerships. An investment in MLPs involves risks that differ from a similar investment in equity securities, such as common stock, of a corporation. Holders of equity securities issued by MLPs have the rights typically afforded to limited partners in a limited partnership. As compared to common shareholders of a corporation, holders of such equity securities have more limited control and limited rights to vote on matters affecting the partnership. There are certain tax risks associated with an investment in equity MLP units. Additionally, conflicts of interest may exist among common unit holders, subordinated unit holders and the general partner or managing member of an MLP; for example a conflict may arise as a result of incentive distribution payments. MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment including the risk that an MLP could lose its tax status as a partnership. MLPs may trade less frequently than larger companies due to their small capitalizations which may result in erratic price movement or difficulty in buying or selling. MLPs may have additional expenses, as some MLPs pay incentive distribution fees to their general partners. The value of MLPs depends largely on the MLPs being treated as partnerships for U.S. federal income tax purposes. If MLPs were subject to U.S. federal income taxation, distributions generally would be taxed as dividend income. As a result, after-tax returns could be reduced, which could cause a decline in the value of MLPs. If MLPs are unable to maintain partnership status because of tax law changes, the MLPs would be taxed as corporation and there could be a decrease in the value of the MLP securities.
Cohen & Steers open-end funds are distributed by Cohen & Steers Securities, LLC.