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Cohen & Steers Global Infrastructure Fund Celebrates 15 Years of Strong Performance

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NEW YORK, May 9, 2019 /PRNewswire/ -- Cohen & Steers Global Infrastructure Fund (Class I: CSUIX) has achieved a 15-year track record, making it one of the longest-standing funds in the Morningstar infrastructure category. Since its May 3, 2004 inception, the Fund produced an 8.4% annualized return through April 30, 2019—exceeding the performance of both its infrastructure benchmark and global equities, as measured by the MSCI World Index – Net, with lower volatility. In the process, the Fund has earned a 4-star overall Morningstar rating.(1)

"Interest in infrastructure allocations has grown significantly over the past decade amid demand for stable income, total return potential and diversification benefits of real assets," said Ben Morton, Head of Global Listed Infrastructure and Senior Portfolio Manager. Adding, "With global growth slowing and lower return expectations for equities, we believe listed infrastructure should appeal to investors looking to reduce their market sensitivity without sacrificing the potential for long-term gains."

Infrastructure companies are cornerstone components of many of today's most significant global economic trends, making vital contributions to the growth of North American energy production, meeting the burgeoning demand for wireless communications, relieving water scarcity in emerging markets, and expanding e-commerce driven logistics services, to name a few. And with more governments making infrastructure a priority after decades of underinvestment, we believe the private sector is playing a deepening role in providing capital, creating new opportunities for investors.

Robert Steers, Chief Executive Officer commented, "Just as we saw in REITs more than 30 years ago, in the early 2000s we viewed global listed infrastructure as a tremendous investment opportunity. Today the asset class is a central pillar of our firm's real assets strategies, allowing investors to earn total returns that typically compete well with equities but with different performance drivers, providing low correlations with stocks and bonds."


COHEN & STEERS GLOBAL INFRASTRUCTURE FUND

ANNUALIZED TOTAL RETURNS NET OF FEES, AS OF 4/30/19:


Fund

(I Share Class)(a)

Linked
Benchmark(b)

S&P 500
Index(c)

MSCI World

Index(d)

1 Year

11.6%

12.3%

13.5%

6.5%

3 Year

8.7

9.3

14.9

11.4

5 Year

5.9

6.8

11.6

7.3

10 Year

10.9

10.4

15.3

11.6

Since Inception

8.4

7.5

8.9

7.2












Performance data quoted represents past performance, which is no guarantee of future results. Returns are net of fees. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost. An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. Periods greater than 12 months are annualized. Returns are historical and include change in share price and reinvestment of all distributions. Month-end performance information can be obtained by visiting our website at cohenandsteers.com.
Gross Expense Ratio Class I: 1.04%, Net Expense Ratio Class I: 0.97%, as disclosed in the May 1, 2019 prospectus. (a) Through June 30, 2020, Cohen & Steers has contractually agreed to waive and/or reimburse the Fund's Class I shareholder service fee up to the maximum shareholder fee of 0.10%. This contractual agreement can be amended at any time by the agreement of the Fund and the Advisor and will terminate automatically in the event of termination of the investment advisory agreement between the Fund and the Advisor. Fees waived or expenses reimbursed have not had a material effect on the Fund's total returns. (b) The linked benchmark is represented by the performance of the S&P 1500 Utilities Index for periods from the Fund's inception to March 31, 2008, the Macquarie Global Infrastructure 50/50 Index for periods from April 1, 2008 to May 31, 2008, the UBS Global 50/50 Infrastructure & Utilities Index (net) through March 31, 2015 and the FTSE Global Core Infrastructure 50/50 Net Tax Index for periods thereafter. (c) The S&P 500 Index is an unmanaged index of 500 large-capitalization stocks that is frequently used as a general measure of U.S. stock market performance. (d) The MSCI World Index – Net is a free-float-adjusted index that measures the performance of large- and mid-capitalization companies representing developed market countries and is net of dividend withholding taxes.

MORNINGSTAR PERCENTILE RANKINGS: 





Since
Inception (5/3/2004)

1 Year

3 Years

5 Years

10 Years

Cohen & Steers Global Infrastructure Fund I

17

18

22

25

2

# of funds (all classes) ranked in peer group

105

85

74

32

5




(1) Morningstar Category: Infrastructure. Category ratings are as of 4/30/2019 and are subject to change. Morningstar calculates its ratings 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), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages. The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year Morningstar Rating metrics. The Fund has a 3-Year Four Star Morningstar Rating, a 5-Year Four Star Morningstar Rating and a 10-Year Three Star Morningstar Rating. Since November 2016, sales loads are not taken into account when calculating peer ratings. Ratings are ©2019 Morningstar, Inc. All Rights Reserved.

This press release is not intended as an offer of or advice to purchase shares of Cohen & Steers Global Infrastructure Fund or Cohen & Steers, Inc.

Cohen & Steers funds' shares are not FDIC insured, not bank guaranteed and may lose value. Cohen & Steers U.S. registered open-end funds are distributed by Cohen & Steers Securities, LLC, and are only available to U.S. residents.

Please consider the investment objectives, risks, charges and expenses of any Cohen & Steers fund carefully before investing. A summary prospectus and prospectus containing this and other information may be obtained, free of charge, by visiting cohenandsteers.com or by calling 800.330.7348. Please read the summary prospectus and prospectus carefully before investing.

Risks of Investing in Global Infrastructure Securities
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. No representation or warranty is made as to the efficacy of any particular strategy or fund or the actual returns that may be achieved.

Website: https://www.cohenandsteers.com
Symbol: (NYSE:CNS)

About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong and Tokyo.

 

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SOURCE Cohen & Steers

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