Cohen & Steers Preferred Securities & Income Fund, Inc.
COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Cohen & Steers Preferred Securities & Income Fund, Inc. is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of Cohen & Steers Preferred Securities and Income Fund, Inc. (the Fund) is to seek total return (high current income and capital appreciation).
The fund seeks total return by investing primarily in preferred and debt securities it believes are undervalued relative to credit quality and structural features, including traditional preferred stock, hybrid securities, floating-rate preferreds, convertibles, and contingent capital securities. The fund maintains at least 25% of assets in the financials sector and generally targets a minimum weighted average senior debt rating of BBB-, though it may hold unrated and below-investment-grade securities. Because security selection depends on the manager's assessment of relative value and credit characteristics, fund performance will diverge from any benchmark based on those judgments.
| Share class | Expense ratio |
|---|---|
| CPXAX | 1.13% |
| CPXCX | 1.78% |
| CPXIX | 0.85% |
| CPRRX | 1.28% |
| CPXZX | 0.78% |
| CPXFX | 0.78% |
Portfolio turnover 61.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 89.87% |
| Stocks | 8.63% |
| Cash & short-term | 0.69% |
| Derivatives | -0.03% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 37.9% |
| Financials | 36.6% |
| Utilities | 10.5% |
| Other | 7.6% |
| 8 smaller | 7.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Invesco Preferred ETF, JPMORGAN CHASE & CO, CHARLES SCHWAB CORP, NEXTERA ENERGY CAPITAL, VERIZON COMMUNICATIONS, BNP PARIBAS, ALLY FINANCIAL INC, BANCO BILBAO VIZCAYA ARG
Largest exited: AMERICAN ELECTRIC POWER, HSBC HOLDINGS PLC, SOFTBANK GROUP CORP, AXA SA, ALLY FINANCIAL INC, LLOYDS BANKING GROUP PLC, SUMITOMO LIFE INSUR, SEMPRA
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +9.38% | +30.92% | +13.83% | 3.82% | -2.89% | |
| +8.73% | +28.40% | +10.26% | 3.85% | -2.99% | |
| +9.75% | +32.08% | +15.47% | 3.85% | -2.82% | |
| +9.25% | +30.33% | +13.04% | 3.86% | -2.92% | |
| +9.80% | +32.25% | +15.84% | 3.83% | -2.81% | |
| +9.80% | +32.28% | +15.79% | 3.93% | -2.81% |
These classes hold the same portfolio, so the 5.58pp spread over 5 years is the cost difference between them — roughly 1.12pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.1% |
| Floating rate | 0.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.3% |
| 1-3y | 8.9% |
| 3-5y | 28.8% |
| 5-10y | 23.4% |
| 10y+ | 37.3% |
| Unknown | 0.3% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 51% |
| Interest rates | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.17 yr |
| High yield | +1.87 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.62 yr | 13% |
| 5 yr | 2.26 yr | 46% |
| 10 yr | 1.57 yr | 32% |
| 30 yr | 0.43 yr | 9% |
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.63 yr | 13% |
| 5 yr | 2.24 yr | 44% |
| 10 yr | 1.60 yr | 32% |
| 30 yr | 0.55 yr | 11% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.01 | +0.01 | $7.9k | $5.7k |
| 1 yr | +0.62 | +0.32 | +0.32 | $226.9k | $226.1k |
| 5 yr | +2.26 | +1.30 | +0.94 | $931.3k | $670.0k |
| 10 yr | +1.57 | +1.14 | +0.46 | $816.1k | $332.5k |
| 30 yr | +0.43 | +0.40 | +0.15 | $288.7k | $104.4k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 4.89 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | CITIGROUP INC6.88% · due 2030-08-15 | 1.68% | $120.02M | — |
| — | BANK OF AMERICA CORP6.63% · due 2030-05-01 | 1.33% | $95.43M | — |
| — | CITIGROUP INC6.95% · due 2030-02-15 | 1.24% | $88.57M | — |
| — | CITIGROUP INC6.63% · due 2031-02-15 | 1.20% | $86.12M | — |
| — | BNP PARIBAS7.75% · due 2029-08-16 | 1.18% | $84.78M | — |
| — | METLIFE CAPITAL TRUST IV7.88% · due 2037-12-15 | 1.17% | $84.04M | — |
| — | BNP PARIBAS8.00% · due 2031-08-22 | 1.05% | $75.40M | — |
| — | ING GROEP NV7.00% · due 2032-11-16 | 0.98% | $70.40M | — |
| — | VENTURE GLOBAL LNG INC9.00% · due 2029-09-30 | 0.97% | $69.32M | — |
| — | ROYAL BANK OF CANADA6.75% · due 2085-08-24 | 0.90% | $64.73M | — |
Top 10 positions are 11.71% of net assets, top 25 24.20%, across 141 issuers.
See more of this fund's book
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