Cohen & Steers Alternative Income Fund, Inc.
Data updated: 2024-03-28
C000003344 — Cohen & Steers Alternative Income Fund, Inc. United States Large Cap Value Equity · $27.08M AUM. Holdings, fees, performance and SEC filings.
C000003344 Fund Overview
Cohen & Steers Alternative Income Fund, Inc. is a US mutual fund managed by Cohen & Steers Dividend Value Fund, Inc., categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Cohen & Steers Dividend Value Fund, Inc.
- Category: United States Large Cap Value Equity
- Assets under management: $27.08M
- 1-year return: 0.8%
- SEC CIK: 0001307144
- SEC series ID: S000001230
- Share class ID: C000003344
C000003344 Investment Objective and Strategy
Cohen & Steers Alternative Income Fund, Inc. describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Cohen & Steers Dividend Value Fund, Inc..
Investment objective
The investment objectives of Cohen & Steers Dividend Value Fund, Inc. (the “Fund”) are to provide long-term growth of income and capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets in a portfolio of dividend-paying common stocks and preferred stocks that have the potential to offer long-term growth of income and capital appreciation. The Fund invests primarily in companies with large market capitalizations similar to those of companies included in the Russell 1000 Value Index, typically using a value approach. A value approach seeks to identify companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth. From time to time, the Fund may invest a significant portion of its assets within a particular sector irrespective of weights indicated in the Russell 1000 Value Index. The Fund may invest up to 20% of its net assets in securities issued by real estate investment trusts (REITs).
REITs are companies that own interests in real estate or in real estate related loans or other interests, and their revenue primarily consists of rent derived from owned, income producing real estate properties and capital gains from the sale of such properties. A REIT in the U.S. is generally not taxed on income distributed to shareholders so long as it meets certain tax related requirements, including the requirement that it distribute substantially all of its taxable income to such shareholders. The Fund may write (sell) covered call options on securities the Fund holds in its portfolio. The Fund may also invest up to 20% of its net assets in bonds and other fixed-income securities of any maturity. The Fund may invest up to 25% of its net assets in securities of foreign issuers (including emerging market issuers) which meet the same criteria for investment as domestic companies, including investments in such companies in the form of American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and European Depositary Receipts (EDRs).
The Fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies. The Fund's primary use of foreign currency transactions will be to seek to reduce the foreign currency risk inherent in the Fund's investments, although it will not be required to do so. The Fund may also invest up to 20% of its net assets in securities that at the time of investment are rated below investment grade. A security will be considered to be investment grade if it is rated as such by one nationally recognized statistical rating organization (NRSRO) (for example, minimum Baa3 or BBB by Moodys or S&P, respectively), or, if unrated is judged to be investment grade by the Advisor.
Such securities are commonly known as high-yield or junk securities.
C000003344 Holdings
Top 2 holdings of Cohen & Steers Alternative Income Fund, Inc. by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Institutional US Government Money Market Fund | 65.52% |
| State Street Institutional Treasury Plus Money Market Fund | 34.34% |
C000003344 Portfolio Allocation
Asset-class allocation of Cohen & Steers Alternative Income Fund, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 99.9% |
C000003344 Performance
Total returns for C000003344 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.8% |
| 3 years (annualised) | 4.4% |
C000003344 Risk Information
Risk metrics for C000003344, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.8%
C000003344 Costs and Fees
C000003344 costs about $106 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.06%
- Gross expense ratio: 1.78%
- Portfolio turnover: 83%
- Brokerage commissions: 9.36 bps of average net assets (SEC N-CEN)
C000003344 Cashflows
Over the 12 months to 2024-01, Cohen & Steers Alternative Income Fund, Inc. had net outflows of $43.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | −$8.22M |
| 2023-12 | −$18.44M |
| 2023-11 | −$44.26K |
| 2023-10 | −$3.16M |
| 2023-09 | −$1.03M |
| 2023-08 | −$1.46M |
C000003344 Debt Constituents
No individual debt constituents are reported in Cohen & Steers Alternative Income Fund, Inc.'s latest SEC N-PORT filing.
C000003344 Prospectus and SEC Filings
Official Cohen & Steers Alternative Income Fund, Inc. filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Portfolio holdings (N-PORT) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2023-12-28
- Portfolio holdings (N-PORT) — filed 2023-09-29
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-13
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.