Cohen & Steers Select Preferred & Inc:PSF

    Manage Alerts

    Overview

    As of 8/11/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$27.21$25.317.49%
    52 Wk Avg$27.70$25.478.37%
    52 Wk High$32.85$28.1117.27%
    52 Wk Low$11.22$17.67-18.40%
    Regular Distribution TypeIncome Only
    Distribution Rate6.93%
    Distribution Amount$0.1570
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income as a primary objective with capital appreciation as a secondary objective through investments in a portfolio of Preferred and other income securities issued by US and non US companies. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in a portfolio of preferred and other income securities issued by US and non-US companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; and securities of other open-end, closed-end or exchange-traded funds that invest primarily in preferred and/or debt securities. The Fund will invest 25% or more of its Managed Assets in the financial sector and may invest up to 100% of its Managed Assets in securities of non-US companies, including up to 25% of Managed Assets in securites issued by companies domiciled in emerging market countries. The Fund may invest in both investment grade and below investment grade securities and will seek to enhance returns throught the use of leverage.

    Capital Structure

    As of 8/11/2020

    Total Investment Exposure:$432.940M
    Total Common Assets:$303.940M
    Common Shares Outstanding:12,008,705
    Leverage

    As of 12/31/2018

    Preferred Share Assets:
    Total Debt (USD): $129.000M
    Regulatory Leverage (USD): $129.000M
    Effective Leverage (USD): $129.000M
    Effective Leverage (%): 29.80%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees0.99%
    Other Expenses:0.22%
    Baseline Expense: N/A
    Interest Expense:1.27%
    Total: 2.48%
    Fund Management

    Fund Sponsor
    Cohen & Steers

    Portfolio Managers
    Elaine Zaharis-Nikas, William F. Scapell

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: PSF
    NAV Ticker: XPSFX
    Average Daily Volume (shares): 31,624
    Average Daily Volume (USD): $0.835M
    Inception Date: 11/24/2010
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: Yes
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 8/11/2020

    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
    $0.7403
    Annualized Distribution Rate on NAV:
    As of 8/11/2020
    7.44%
    Total Return on NAV (12 months):
    As of 8/11/2020
    2.15%
    Avg. Portfolio Coupon:
    As of 8/11/2020
    4.74%
    Total % Portfolio Effectively Leveraged:
    As of 8/11/2020
    29.80%

    Pricing Information

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

    As of 8/12/2020

    PeriodAvg Discount
    6 Month5.09%
    1 Year8.37%
    3 Year4.64%
    5 Year1.78%
    Z-Score

    As of 8/11/2020

    PeriodZStat
    3 Month2.36
    6 Month0.43
    1 Year-0.16
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 7/31/2020
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-12.26%-4.23%-5.48%-6.91%
    201943.13%24.04%34.61%24.84%
    2018-8.85%-7.12%-10.75%-7.07%
    201716.90%15.92%15.74%14.49%
    201615.38%6.43%12.97%6.81%
    20155.75%6.77%7.23%5.58%
    201414.98%13.74%18.73%17.64%
    20130.82%5.23%-4.38%2.61%
    201235.12%31.28%20.08%24.89%
    2011-5.40%3.12%15.57%6.61%
    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 7/31/2020
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 8/11/2020
    4.74%
    Number of Holdings:
    As of 6/30/2020
    233
    Annual Portfolio Turnover:
    As of 12/31/2019
    67.00%
    Average Bond Price:
    As of 6/30/2020
    $108.65
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)96.76%
    Corporate Bond49.75%
    Preferred Stock23.86%
    Convertible23.15%
    Cash Equivalents3.55%
    Cash Equivalents (Super Sector)3.55%
    Financial Services0.25%
    Cyclical (Super Sector)0.25%
    Government Related-1.16%
    Government (Super Sector)-1.16%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    B0499266 Irs Usd R V 01mlibor 70499266_flo Ccpvanilla$40.00M9.73%
    B32793162 Irs Usd R V 01mlibor 132793162-2_flo Ccpvanilla$39.00M9.49%
    B0499324 Irs Usd R V 01mlibor 70499324_flo Ccpvanilla$21.00M5.11%
    B3966437 Irs Usd R V 01mlibor 73966437_flo Ccpvanilla$13.00M3.16%
    MetLife Inc. 9.25%$6.47M1.57%
    Citigroup Capital III 7.62%$5.65M1.38%
    B3966437 Irs Usd P F 1.84750 73966437_fix Ccpvanilla$-13.51M-3.29%
    B0499324 Irs Usd P F 1.20250 70499324_fix Ccpvanilla$-21.52M-5.24%
    B32793162 Irs Usd P F 1.28000 132793162-2_fix Ccpvanilla$-41.21M-10.03%
    B0499266 Irs Usd P F 1.28750 70499266_fix Ccpvanilla$-41.51M-10.10%
    Credit Quality

    As of 6/30/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income26.67%
    United Kingdom - Fixed Income5.08%
    France - Fixed Income3.86%
    Switzerland - Fixed Income3.84%
    Japan - Fixed Income3.74%
    Canada - Fixed Income1.24%
    Netherlands - Fixed Income1.01%
    Australia - Fixed Income0.76%
    Italy - Fixed Income0.75%
    Germany - Fixed Income0.74%
    Sweden - Fixed Income0.36%
    United Kingdom - Equity0.25%
    Norway - Fixed Income0.10%
    Brazil - Fixed Income0.09%

    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