C000003346 Fees and Costs — Cohen & Steers Alternative Income Fund, Inc., Class I
Data updated: 2024-03-28
The net expense ratio is 0.71%: a 0.70% management fee plus 0.80% other expenses, less a 0.79% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $58K in broker commissions, 0.0936% of average net assets, and portfolio turnover was 83%.
C000003346 Fees and Expenses
Annual operating expenses and sales charges of C000003346. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.79% |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000003346 Costs Over Time
On $10,000 invested in C000003346, assuming 5% a year before costs, total costs come to $505 over 5 years, cutting the return by 0.84% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.71%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $277 | $505 |
| Value after costs | $10,416 | $11,299 | $12,258 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000003346 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0936%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $86.4M
- Portfolio turnover (prospectus): 83%
- Securities lending: none during the year
C000003346 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11K | 22.83% |
| BofA Securities, Inc. | $5K | 11.44% |
| UBS Securities LLC | $5K | 11.28% |
| Jefferies LLC | $5K | 11.25% |
| Sanford C. Bernstein & Co., LLC | $5K | 9.99% |
| RBC Capital Markets, LLC | $5K | 9.80% |
| Citigroup Global Markets Inc. | $4K | 7.88% |
| Morgan Stanley & Co. LLC | $3K | 6.27% |
| Goldman Sachs & Co. LLC | $2K | 5.34% |
| CLSA Americas, LLC | $2K | 3.91% |
C000003346 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $42.4M | 56.35% |
| BNP Paribas Securities Corp. | $8.1M | 10.73% |
| Citigroup Global Markets Inc. | $5.4M | 7.18% |
| BofA Securities, Inc. | $4.0M | 5.33% |
| Morgan Stanley & Co. LLC | $3.8M | 5.09% |
| Goldman Sachs & Co. LLC | $3.2M | 4.22% |
| J.P. Morgan Securities LLC | $2.7M | 3.64% |
| UBS Securities LLC | $2.2M | 2.92% |
| Jefferies LLC | $1.8M | 2.37% |
| RBC Capital Markets, LLC | $1.6M | 2.17% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.