Cohen & Steers Ltd Duration Pref & Inc:LDP

    Manage Alerts

    Overview

    As of 6/4/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$23.50$23.241.12%
    52 Wk Avg$24.73$24.94-0.87%
    52 Wk High$27.68$27.156.87%
    52 Wk Low$12.20$17.29-24.09%
    Regular Distribution TypeIncome Only
    Distribution Rate7.97%
    Distribution Amount$0.1560
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund normally invests at least 80% of its Managed Assets in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, including traditional preferred securities, hybrid preferred securities, floating-rate and fixed-to-floating-rate preferred securities and convertible securities. It will also invest 25% or more of its total assets in the financials sector, and may focus its investments in other sectors or industries. The Fund may invest up to 100% of its Managed Assets in securities of US companies, and may also invest up to 100% of its Managed Assets in securities of non-U.S. companies, including securities issued by companies domiciled in emerging market countries.

    Capital Structure

    As of 6/4/2020

    Total Investment Exposure:$985.627M
    Total Common Assets:$670.627M
    Common Shares Outstanding:28,856,604
    Leverage

    As of 12/31/2018

    Preferred Share Assets:
    Total Debt (USD): $315.000M
    Regulatory Leverage (USD): $315.000M
    Effective Leverage (USD): $315.000M
    Effective Leverage (%): 31.96%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.17%
    Baseline Expense: N/A
    Interest Expense:1.33%
    Total: 2.50%
    Fund Management

    Fund Sponsor
    Cohen & Steers

    Portfolio Managers
    Elaine Zaharis-Nikas, William F. Scapell

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: LDP
    NAV Ticker: XLDPX
    Average Daily Volume (shares): 83,531
    Average Daily Volume (USD): $1.977M
    Inception Date: 7/27/2012
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 6/4/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2019
    $0.7112
    Annualized Distribution Rate on NAV:
    As of 6/4/2020
    8.06%
    Total Return on NAV (12 months):
    As of 6/4/2020
    0.17%
    Avg. Portfolio Coupon:
    As of 6/4/2020
    4.09%
    Total % Portfolio Effectively Leveraged:
    As of 6/4/2020
    31.96%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/5/2020

    PeriodAvg Discount
    6 Month-0.52%
    1 Year-0.87%
    3 Year-3.01%
    5 Year-4.25%
    Z-Score

    As of 6/4/2020

    PeriodZStat
    3 Month0.44
    6 Month0.48
    1 Year0.80
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2020
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-7.26%-10.41%-10.81%-12.10%
    201929.71%22.67%34.61%24.84%
    2018-9.68%-8.02%-10.75%-7.07%
    201714.58%14.85%15.74%14.49%
    201617.94%8.54%12.97%6.81%
    20157.69%5.77%7.23%5.58%
    20149.62%11.35%18.73%17.64%
    2013-2.33%6.44%-4.38%2.61%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2020
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/4/2020
    4.09%
    Number of Holdings:
    As of 3/31/2020
    177
    Annual Portfolio Turnover:
    As of 12/31/2019
    46.00%
    Average Bond Price:
    As of 3/31/2020
    $94.81
    Asset Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)91.76%
    Corporate Bond50.94%
    Convertible25.54%
    Preferred Stock15.28%
    Cash Equivalents9.23%
    Cash Equivalents (Super Sector)9.23%
    Government Related-1.12%
    Government (Super Sector)-1.12%
    Top Holdings

    As of 3/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    B32793140 Irs Usd R V 01mlibor 132793140-2_flo Ccpvanilla$94.00M10.62%
    B0499267 Irs Usd R V 01mlibor 70499267_flo Ccpvanilla$90.00M10.17%
    B0499323 Irs Usd R V 01mlibor 70499323_flo Ccpvanilla$90.00M10.17%
    S32793113 Irs Usd R F 1.11650 132793113_fix Ccpvanilla$60.77M6.87%
    B0499295 Irs Usd R V 01mlibor 70499295_flo Ccpvanilla$60.00M6.78%
    S32793113 Irs Usd P V 01mlibor 132793113_flo Ccpvanilla$-60.00M-6.78%
    B0499295 Irs Usd P F 1.11650 70499295_fix Ccpvanilla$-60.77M-6.87%
    B0499323 Irs Usd P F 1.20250 70499323_fix Ccpvanilla$-92.06M-10.40%
    B0499267 Irs Usd P F 1.28750 70499267_fix Ccpvanilla$-93.01M-10.51%
    B32793140 Irs Usd P F 1.28000 132793140-2_fix Ccpvanilla$-98.41M-11.12%
    Credit Quality

    As of 3/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income29.67%
    Switzerland - Fixed Income4.62%
    Japan - Fixed Income4.09%
    United Kingdom - Fixed Income2.68%
    France - Fixed Income2.30%
    Australia - Fixed Income1.14%
    Canada - Fixed Income1.03%
    Netherlands - Fixed Income0.98%
    Italy - Fixed Income0.73%
    Sweden - Fixed Income0.55%
    Germany - Fixed Income0.52%
    Norway - Fixed Income0.39%
    Brazil - Fixed Income0.31%
    South Korea - Fixed Income0.30%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W